Investment Preferences Of Indian Youth Aged 21 – 25 Years: A Study Of Preference On Financial Literacy Among Youth

Abstract

The preferences of the Investment behavior among the youth which is influenced by various factors, including the financial knowledge, risk insights and digital platforms. This study explores the preferences of investments, the barriers related to investments, and making different types of the decision patterns among young investors using the data done by a survey. The findings in data indicate most of the respondents have very basic financial knowledge and aren’t being able to invest appropriately. The challenges such as lack of guidance and low income, hampers the participation of their investment. The study also highlights the usage of the technology to investments and need proper and reliable financial education courses to improve the investment habits among the Indian youth aged 21 – 25 years and to have a proper financial planning for their wealth and short term needs. The survey says that there should be a proper guidance as in they should include Financial Literacy and Planning in their curriculum in all the streams (Science, Commerce and Arts) so that the college students get proper knowledge as how they can plan our wealth in a proper way when they get employed. The survey also says that when they get employed the salary which they earn initially is very precious for them and so they would like their wealth to grow and easy their basic short term wants so that they can plan everything accordingly without risks. The risks involved should be minimal and the profit should be increased atleast by 10 - 25% to maintain their standard of living and regular expenses. My survey says that the youth aged 21 – 25 lack behind in understanding the financial literacy and planning and so in recommendations, there should be proper training which will be available for the youth or at college levels, the curriculum should be designed in a way compulsorily all the streams get aware of the latest technologies and opportunities available in the market