‘Driving Forces of Investment Decisions in Mutual Funds’

Unfortunately, in India it is a fact that most of the investors are not interested in mutual funds. Those who are investing, they are investing only very small amounts. But what is important to be noted here is that when compared to other financial instruments, investments in mutual funds are safer and also yields more returns on the investment portfolio. Moreover as an investment avenue mutual fund is available for those investors who are not willing to take any exposure directly in the security market. It also helps such investors to build their wealth over a period of time. At the retail level, investors are unique and are highly heterogeneous, and the mutual fund schemes' selection will also differ depends on their expectations. Hence, investors’ expectation is a very important factor in this regard that needs to be analysed by all the investment houses. Hence, the factors that drive the investment decisions of individual investors to meet their expectations by investing money in mutual funds need an in-depth analysis. These driving forces include the preference of investors on mutual fund compared to various available avenues of financial investments, risk attitude of investors, influence of characteristics of instruments of mutual funds on investors, the investment specific attitudes of investors, and influence of qualities of fund management on investors. The success of any mutual fund, a popular means of investment, depends on how effectively an Asset Management Company has been able to understand the level of influence of these factors on the decision of investors to invest in mutual funds. For a substantial growth in the mutual fund market, there must be a high level precision in the design and marketing of the products of mutual funds taking into account these driving forces by the Asset Management Companies. Therefore, there is a need to conduct a detailed study on investments in mutual funds in this direction. A review of available literature also revealed that no detailed study on mutual funds has so far been attempted in this direction; hence the present study on Driving Forces of Investment Decisions in Mutual Funds is undertaken.

Seasonal and interannual variability of sea level and associated surface meteorological parameters at Cochin

This thesis entitled seasonal and interannual variability of sea level and associated surface meteorological parameters at cochin.The interesting aspect of studying sea level variability on different time scales can be attributed to the diversity of its applications.Study of tides could perhaps be the oldest branch of physical oceanography.The thesis is presented in seven chapters. The first chapter gives, apart from a general introduction, a survey of literature on sea level variability on different time scales - tidal, seasonal and interannual (geological scales excluded), with particular emphasis on the work carried out in the Indian waters. The second chapter is devoted to the study of observed tides at Cochin on seasonal and interannual time scales using hourly water level data for the period 1988-1993. The third chapter describes the long-term climatology of some important surface oceanographic and meteorological parameters (at Cochin) which are supposed to affect the sea level. The fourth chapter addresses the problem of seasonal forecasting of the meteorological and oceanographic parameters at Cochin using autoregressive, sinusoidal and exponentially weighted moving average techniques and testing their accuracy with the observed data for the period 1991-1993. The fifth chapter describes the seasonal cycles of sea level and the driving forces at 16 stations along the Indian subcontinent. It also addresses the observed interannual variability of sea level at 15 stations using available multi-annual data sets. The sixth chapter deals with the problem of coastal trapped waves between Cochin and Beypore off the Kerala coast using sea level and atmospheric pressure data sets for the year 1977. The seventh and the last chapter contains the summary and conclusions and future outlook based on this study.