Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JWM
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • LinkedIn
  • Twitter

User menu

  • Sample our Content
  • Subscribe Now
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Wealth Management
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Subscribe Now
  • Log in
The Journal of Wealth Management

The Journal of Wealth Management

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JWM
    • Editorial Board
    • Published Ahead of Print (PAP)
  • LinkedIn
  • Twitter

Financial Literacy and Portfolio Diversification: An Empirical Study in Ahmedabad

Amola Bhatt and Shahir Bhatt
The Journal of Wealth Management Summer 2020, jwm.2020.1.100; DOI: https://doi.org/10.3905/jwm.2020.1.100
Amola Bhatt
is currently working as Assistant Professor in Economics & Finance Area with the Institute of Management, Nirma University, Ahmedabad—Gujarat (India)
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
Shahir Bhatt
is currently working as Assistant Professor in Strategic Management & Entrepreneurship Area with the Institute of Management, Nirma University, Ahmedabad—Gujarat (India)
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.
Don’t have access? Sign up today to begin your trial to the PMR platform 

Abstract

This research has been undertaken with the purpose of understanding the role of financial literacy in determining the investment behavior of individuals. The study also attempts to draw relationships between demographic factors and financial literacy, as well as investment patterns. Based on empirical evidence, it could be inferred that factors like gender, employment conditions, and household income had a bearing on levels of financial literacy in individuals; additionally, education, age, household income, and marital status had a bearing on decisions related to portfolio design and diversification. At the same time, no significant relationship was found between financial literacy and portfolio diversification. This could be attributed to the fact that many people rely on financial experts for investments and portfolio management. So, although the financial literacy statistic may be alarming, it could also point at a potential growth in services of investment advisers and financial planners.

TOPICS: Wealth management, behavioral finance, in portfolio management

Key Findings

  • • Gender, Employment and Household Income are related to Financial literacy in individuals.

  • • Past personal experiences, opinions of one’s inner circle, followed by advice from financial advisors/brokers influence decisions pertaining to investments.

  • • Investors with comparatively higher levels of diversification were found to make investment choices based on their own past experiences.

  • © 2020 Pageant Media Ltd
View Full Text

Don’t have access? Register today to begin unrestricted access to our database of research.

Log in using your username and password

Forgot your user name or password?
Next
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Wealth Management: 23 (3)
The Journal of Wealth Management
Vol. 23, Issue 3
Winter 2020
  • Table of Contents
  • Index by author
  • Complete Issue (PDF)
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Wealth Management.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Financial Literacy and Portfolio Diversification: An Empirical Study in Ahmedabad
(Your Name) has sent you a message from The Journal of Wealth Management
(Your Name) thought you would like to see the The Journal of Wealth Management web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Financial Literacy and Portfolio Diversification: An Empirical Study in Ahmedabad
Amola Bhatt, Shahir Bhatt
The Journal of Wealth Management Feb 2020, jwm.2020.1.100; DOI: 10.3905/jwm.2020.1.100

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Financial Literacy and Portfolio Diversification: An Empirical Study in Ahmedabad
Amola Bhatt, Shahir Bhatt
The Journal of Wealth Management Feb 2020, jwm.2020.1.100; DOI: 10.3905/jwm.2020.1.100
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • LITERATURE REVIEW
    • RATIONALE OF THE STUDY
    • OBJECTIVES OF THE STUDY
    • RESEARCH METHODOLOGY
    • ANALYSIS AND FINDINGS
    • DISCUSSION AND IMPLICATIONS
    • ACKNOWLEDGMENTS
    • ADDITIONAL READING
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • LinkedIn
  • Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2021 Pageant Media Ltd | All Rights Reserved | ISSN: 1534-7524 | E-ISSN: 2374-1368

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy