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Savings and Investment Model of Salaried Employees at Tanjore

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 November-December 2019
ISSN: 0193-4120 Page No. 4520 - 4523

Savings and Investment Model of Salaried

Employees at Tanjore
Ms. K. Suganthi, Ms. T. Valli, Dr. D. Umamaheswari, Ms. A. Sivaranjani
(PMIST,Vallam)

Article Info Abstract:

Volume 81 Investment pattern of people vary depending on their income status and the activity
Page Number: 4520 - 4523 that is engaged by those to make saving on their income these investments are
Publication Issue: made from their hard earning. Investment options a plentiful and the choices are
November-December 2019 Real estate, investment on gold, deposits in banks, post services, chit funds, shares
and bonds.Investorslook on returns oninvestment, value of appreciation on assets or
investments. Investment is an activity confined to specific financial aims of
investors. It’s the path through which smart money are transferred from the surplus
Article History area to the deficit. The money is deposited by the investor with the diverse Intention
Article Received: 5 March 2019 such as appreciation, return and safety.
Revised: 18 May 2019
Accepted: 24 September 2019 Keywords: Budget, Economy, Employees, Return, Financial plan, Investment,
Publication: 23 December 2019 Salary.

INTRODUCTION investment or monthly saving habit instead of lump

sum saving. This research focused only on salaried
SAVING habits of middle income group are always
persons. The saving and investment pattern of the
highly calculative as hard- earned money is invested
salaried employees is different from one another due
on their future needs with some expected returns. It's
to opinion on safety, return on investments, regular
even more suitable when we say savings are from
income, tax savings benefits, retirement benefits.
their current or basic need compromise. Savings is
considered as the determinants of growth from the 2.2 SAVINGS AND INVESTMENT PATTERN
earlier days lending the underdeveloped countries to OF SALARIED INCOME GROUP
the path of development. Investment is the act of
Although there are lot of investment avenues, now
planning, money for the invests the hard earning
investments and start ups are getting reduced
with a hope of returns or security for future capital
gradually, so
appreciation. Savings by the individual salaried
employee provide a cushion of security against people are not interest on huge investments as their
future needs, else their dual benefits for the nation savings quite got reduced and meeting out their
provide the funds needed or required for the common expenses get abridged. Investment
developmental purpose. areapproximatelycategorized into hardly any of
thei.e. shares, bonds, real estate, commodities, and
2.1SALARIED INVESTORS
miscellaneous bank deposit, post office, insurance,
Investment pattern of salaried employee are quite bond/debentures, mutual funds, shares gold and chit
different, the nature of employment and income funds.
level plays a vital role, but one factor is common for
2.3 Objectives
all its regular basis of income may lead to eventual
i. To identify the mode of investment of the
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 November-December 2019
ISSN: 0193-4120 Page No. 4520 - 4523

salaried employees.  V.R. Palanivelu& K.CV.R.

Palanivelu&K.Chandrakumar (2013) studied
ii. To SWOT up the saving pattern of salaried
investmentof salaried in Namakkal Taluk,
employees.
Tamil Nadu. It highlight’s on factors like age,
2.4 Scope educational , knowledge on finance affect the
 To recognize various investment decisions of decision regarding the choice of investment
salaried persons avenues.
 To be acquainted with the category of  Dr.VarshaVirani (2012) propounded savings
savings. and investment model of school teachers in
2.5 METHODOLOGY Gujarat in which data is collected from school
teachers majority of school teachers are saving
Researchers together collected primary and funds as bank deposits and government
secondary data for their research work. Primary data securities as their investment preference.
composed from the respondents through  Dr. S. Mathivannan and Dr. M. Selvakumar
questionnaire. Secondary data collected from (2011) studied the investment and savings
articles, websites, journals and books. pattern at Sivakashi Taluk, Tamil Nadu. The
2.6 SAMPLING TECHNIQUES study concluded those now days, teaching
community has started preparing budgets tomet
Research used simple random sampling method for
their expenses.
collection of data from 50 members as a sample size.
 Somasundaram (1998) on his study found that
2.7 TOOLS USED FOR ANALYSING THE DATA chit funds and bank deposits were the most
excellent known modes of saving for the
Researchers used simple percentage calculation and
investors.
charts for analyze the data and interpretation.
4 DATA ANALYSIS AND INTERPRETATION
3 REVIEW OF LITERATURE
TABLE 4.5
 Neha S Shukla (2016) focused on the analysis
of investment preference of working women of DEMOGRAPHIC PROFILE
North Gujarat region. It was founded that the No. of
majority of the women preferred traditional Gender Percentage
respondent
mode of investment practices. Male 18 36%
 A study by B.Thulasipriya (2014), mentioned Female 32 64%
that majority of people save their money on source: primary data
Bank Deposits for the safety of an unpredictable TABLE 4.2
future. Basic reason for saving are children SAVING HABIT OF SALARIED EMPLOYEE
education, marriage and security after Saving habits No. of the Percentage
retirement. respondent
Mutual funds 4 8%
 VasagadekarPriya (2014) examined that women Shares Nil Nil
working in various industrial sector in Pune. It Gold 39 78%
is clear from this study, respondent prefer to Chit funds 8 16%
invest in safe investment like Post Office Real estate 9 18%
savings scheme and fixed deposits in banks. μ= 14.8888
AD 26.96

Published by: The Mattingley Publishing Co., Inc. 4521

 November-December 2019
ISSN: 0193-4120 Page No. 4520 - 4523

X= 35.96 Safety 22 44%

σ= 50.39 High return 11 22%
source: primary data Tax benefit 8 16%
Others 3 6%
The overhead table indications that the 78% of
𝜇= 10
respondents invest their money in gold as AD 15.2
countries like India have a traditional core in gold 𝑋= 23.22
investment is proved here, 68% of respondents in
bank deposit people still believe bank deposits as σ= 30.51

one among the safest investment pattern , 52% of source: primary data
respondents denoted as insurance this shows how The table represent the elements which determine
people have started to overcome the risk on their the investment decision of the respondents , 44% of
life’s and investment choice too, 24% of the respondents are commonly prefer the safety as
respondents in post office this is an heart earning their choice for investment. Around 22% of
as the attraction of post office has reduced rapidly respondent are taking high return on their investment
among peoples , only 18% of respondents in real and plan accordingly to their investment, 16%
estate as it need huge amount for investment, 16% respondents invest for tax benefit or tax purpose,
of respondents in chit funds although it is more only 12% for liquidity and 6 % of respondent are
risky people still have crazy on chits due to its taking others for their saving.
high returns, only 8% of respondents in mutual
funds and 4% of respondents in bond/deposit to
invest their money still awareness is less on this
investments, no one is interest in share.
CHART No. 4.1
SAVING HABIT OF SALARIED EMPLOYEES

5 FINDINGS
 Maximum of 78% respondents have
invested in gold
 68% of respondents in bank deposit,
 Meagrely 16% of respondents in chit funds,
 Only 8% of respondents in mutual funds,
 Only 4% of respondents in bond/deposit to
TABLE 4.3 invest their money.
Factor Determining Investment decision  On an average 44% of the respondents are
Investment No. of the Percentage
commonly preferring the safety for
decisions respondent
investment.
Liquidity 6 12%

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 November-December 2019
ISSN: 0193-4120 Page No. 4520 - 4523

 22% of respondent are taking high return for

their investment,
 Only 16% of respondents invest for tax
benefit/purpose.
6 CONCLUSION
Saving habits are measuring rod to analyse
the economic position of a country, when people
stop or reduce their savings and investments it’s an
alarm to the path of development and growth of
countries. Pathetic condition among salaried group is
they have left with meagre amount for saving
purpose after left from all their regular expenses, so
it’s a chain process for investing where people first
save smaller amount for some short term regularly
and that amount collectively invested in another
pattern of investment.
REFERENCES
[1] Thulasipriya B., Investment Pattern of Government
Employees - An Empirical Study, International Journal
on Global Business Management Research 3(1) (2014),
35-41.
[2] Osondu C.K., Obike K.C., Ogbonna S.I., Savings,
Income and Investment Patterns and its Determinants
among Small Holder Arable Crop Farmers, European
Journal of Business and Innovation Research 3(1) (2015),
51-70.
[3] AnathapadhmanabhaAchar, Saving and Investment
Behaviour of Teachers, An empirical study, International
Journal of Physical and Social Sciences (2012), 263-286.
[4] Varsha Virani, Saving and Investment pattern of school
teachersA study with special reference to Rajkot City,
Gujrat, Abhinav National Refereed journal of research in
Commerce and Management 2(4) (2012), 2277-1166.
[5] Mathivannan S., Selvakumar M., Saving and Investment
Pattern of School Teaches A study with reference to
Sivakasi Taluk, Tamil Nadu, Indian journal of Finance,
2011.

Published by: The Mattingley Publishing Co., Inc. 4523

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