20, April 2025

Developing an investment behavior model: influence of age, income, and financial knowledge in the derivatives market.

Uncategorized, VOLUME-11; ISSUE-4; APR-2025

Author(s): 1. Dr. Parth Raval, 2. Dr. Priyanka Suchak, 3. Jayendra Siddhapura, 4. Dr. Raghuvirsinh Jadeja

Authors Affiliations:

  1. Assistant Professor, School of Management, RK University, Rajkot, India
  2. Associate Professor, School of Management, RK University, Rajkot, India
  3. Assistant Professor, School of Management, RK University, Rajkot, India
  4. Assistant Professor, School of Management, RK University, Rajkot, India

DOIs:10.2015/IJIRMF/202504041     |     Paper ID: IJIRMF202504041


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This study investigates how demographic variables including age, income and education have impact on behavior in derivatives market.  The study examines investment frequency, relation between income and investment in derivatives market, and most importantly the significance of financial literacy in trading success using secondary data which is collected from 495 respondents who are from major cities of Saurashtra region like Rajkot, Bhavnagar, Jamnagar, and Junagadh.  The data was collected through standardized questionnaire to study the investment trends.

According to the findings, younger investors trade in derivatives less frequently, mostly because they lack of money and less financial expertise, while people with professional degrees and higher incomes participate in the market more and they were also able to generate better investment results.  The study suggests an investment model that categorise investors into beginner, middle and advanced levels.  The findings also highlight the necessity of focused financial literacy initiatives to improve decision making and encourage market participation.
Investment Behavior, Derivative Market, Income Level, Age Group, Financial Literacy

Dr. Parth Raval,  Dr. Priyanka Suchak,  Jayendra Siddhapura,  Dr. Raghuvirsinh Jadeja(2025); Developing an investment behavior model: influence of age, income, and financial knowledge in the derivatives market, International Journal for Innovative Research in Multidisciplinary Field, ISSN(O): 2455-0620, Vol-11, Issue-4, Pp.297-302.         Available on –   https://www.ijirmf.com/

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