International Journal of Social Science and Innovation (IJSSI)
Vol.2, No.3, 2024: 259-284
259
(
DOI: https://doi.org/10.59890/ijssi.v2i3.2581
https://journal.multitechpublisher.com/index.php/ijssi
A Study on Investor Awareness and Adoption Patterns of
Systematic Withdrawal Plans (SWP) in Mutual Fund Investments
Keval Amlani
1*
, Rutvi Raval
2
, Jignesh Vidani
3
L . J Institute of Management Studies
Corresponding Author: Keval Amlani Shivamamlani28@gmail.com
A R T I C L E I N F O A B S T R A C T
Keywords: Mutual Fund,
Investment, Awareness,
Systematic Withdrawal Plan
Received : 2 July
Revised : 20 August
Accepted: 23 September
©2024 Amlani, Rafal, Vidani: This is
an open-access article distributed
under the terms of the Creative
Commons Atribusi 4.0
Internasional.
The study "A Study on Investor Awareness and Adoption
Patterns of Systematic Withdrawal Plans (SWP) in Mutual
Fund Investments" investigates the demographic
characteristics, investment behaviour’s, awareness, and
adoption of Systematic Withdrawal Plans (SWP) among
mutual fund investors. The research employs a structured
questionnaire to gather data, utilizing multiple-choice and
Likert scale questions. Section A of the questionnaire
focuses on demographic information, covering age, gender,
educational qualification, occupation, and annual income
to understand the respondent profiles. This information
provides context regarding how demographic factors
might influence awareness and adoption patterns SWP.
Section B delves into investment behavior using a 5-point
Likert scale, exploring aspects such as investment
experience, review frequency of mutual fund investments,
understanding of different mutual fund types, reliance on
financial advisors, and preference for long-term
investments.Section C assesses awareness of SWP among
respondents, evaluating their knowledge about its benefits,
the process of setting up SWP, its utility in managing
regular cash flows, and its comparative advantages over
traditional withdrawal methods.Section D focuses on the
adoption of SWP, investigating whether respondents have
implemented SWP for their mutual fund investments, their
perceptions on its convenience for financial planning,
likelihood of recommending it to others, satisfaction with
its withdrawal frequency flexibility, and consideration of
tax implicationin theirdecision-making.Overall, the study
aims to provide insights into the factors influencing
investor awareness and adoption of SWP in mutual fund
investments, highlighting demographic influences and
behavioral factors that could shape investment decisions.
This research is valuable for financial advisors, mutual
fund companies, and policymakers aiming to enhance
investor education and promote effective financial
planning strategies