Behavioural Biases in Indian Households: Insights from RBI/NCFE Financial Literacy Surveys and SEBI–AMFI Investor Data
Keywords:
Behavioural biases, Indian households, financial literacy, RBI, NCFE, SEBI, AMFI, SIP, investor behaviour, herding, loss aversion, overconfidence.Abstract
This paper will discuss the impact of behavioural biases, including loss aversion, overconfidence,and herding, on financial decisions made by Indian households. Based on nationally representativedata provided by the NCFE Financial Literacy and Inclusion Survey (2019), which indicates thatonly approximately a quarter of the Indian adult population exhibits basic financial literacy (NCFE, 2019), and the results of RBI Household Finance
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Published
2024-08-20
How to Cite
Vignesh Awasthi,Prof. Tulika Saxena. (2024). Behavioural Biases in Indian Households: Insights from RBI/NCFE Financial Literacy Surveys and SEBI–AMFI Investor Data . Journal of Computational Analysis and Applications (JoCAAA), 33(08), 2754–2773. Retrieved from https://eudoxuspress.com/index.php/pub/article/view/4476
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