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5.CHAPTER -5 RESEARCH METHODOLOGIES5.1 Sources of Data5.

2 Classification of Data5.3 Research Method5.4 Uses of software in research   5.1 SOURCES OF DATA Primarydata is collected from different banks located in Meerut .and, DelhiSecondarydata collected from different magazines .

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News paper and website5.2 CLASSIFICATION OF DATA Data is collected through variety of people of societyStudentsBusiness manBank employeeAdvocateTeacherRetied person Respondents belong to Delhi and Meerut so my data ishighly heterogeneous and representing much crowded Delhi to Peaceful Meerut andpeople of both places think very differently towards   same financial product. Sampling Technique:Sampling plan is base of data collection. First of all this is very importantto know about characteristics of population to be taken as part of study andfurther need to classified data in groups and sub groups and keeping in mind tomake homogeneity, doing so we have two methods namelyRandom methodNon random methodStatistical inferences derived from judgmentalsampling  may be wrong for generalizedpurpose  of study but there is problem incase of my study generally people are not know much about financial product soI am little biased to meet those people who are expected to know somethingabout mutual fundsRegardless of the field of study or preference fordefining data (quantitative or qualitative),accurate data collection is essential to maintain the integrity of research.

Both the selection of appropriate data collection instruments (existing,modified, or newly developed) and clearly delineated instructions for theircorrect use reduce the likelihood of errors occurring.A formal data collection process is necessary as it ensures that the datagathered are both defined and accurate and that subsequent decisions based onarguments embodied in the findings are valid. Theprocess provides both a baseline from which to measure and in certain cases atarget on what to improve. Have you heard about secondary data and primary data butboth the data play respective roles as per need of research as requirement ofmy research I also needed two types of data primary data for knowing theperception of people of Meerut as well people from Delhi and Secondary data forknowing the comparative performance balance fund scheme and growth fund scheme.What I noticed during the data collection researcher must be collect the fromauthentic sources as I collect my most of data from SEBI and RBI sites.   There are many differences between primary and secondarydata, but the most important difference is that primary data is factual andoriginal whereas secondary data is just the analysis and interpretation of thepublished or already existing data. Both these sources of data have been usedin this research.Primary data.

Inthis study, Primary sources of data includes questionnaire survey in Meerut inUttar Pradesh, and field visit to justify the secondary information that seeksto analyse the trend and pattern of the urban financial literacy and bankingfacilities. The method of the study is analytical and critically supplementedby statistical surveys and empirical studies. The data is tabulated andpresented in.

Percent the data can be collected through various methodslike surveys, observations, physical testing, mailed questionnaires,questionnaire filled and sent by enumerators, personal interviews, telephonicinterviews, focus groups, case studies, etc. In this research study, thesources of primary data collection include individual surveys throughcomprehensive questionnaire and observations. But my primary is collected by direct interview from different sections ofsocietyCharacter of my dataThis is one of sole purpose of the any research this partneed a lot of care and  sincerity as longas my study is concerned this require variety of data from every section of society. I do care about the quality ofdata rather than quantity as per the understanding of sampling theory Primarydata is data collected for the first time by the researcher through directefforts and experience, specifically for the purpose of addressing his researchproblem. Also known as the first hand or raw data, Primary data collection isquite expensive, as the research is conducted by the individual or agencyitself, which requires resources like investment and manpower. The datacollection is under direct control and supervision of the investigator. In this study, Primary sources ofdata includes questionnaire survey in Meerut in Uttar Pradesh and Delhi, andfield visit to justify the secondary information that seeks to analyse thetrend and pattern of investment from Meerut and Delhi  people . I travel by metro to collectdata  from Delhi and also take help frommy student to collect data from Meerut after giving some knowledge  and I personally visit Delhi to  collect data around  metro station and ITO side and Mahroli Ifound my journey quite interesting because people of Delhi are very frank andopen to anybody who talk gently I disclose my objective of study they are morecooperative as per requirement of my study I go on interacting everybody whoknows something about mutual fund also meet some of the very smart student ofsouth campus  ( Delhi university ) theytold very interesting facts which make my study more useful and productive  In my I have collected information byclose-ended questionnaires from 100 people from Meerut area and 100 from Delhipeople The method of the study is analytical and critically supplemented bystatistical surveys and empirical studies.

The data is tabulated and presentedin percentagesSecondary Data Secondary data is needed for descriptive research andhaving many advantages. But there are some disadvantages associated with this.As the data is gathered for the purposes other than the problem in mind, so theusefulness of the data may be limited in a number of ways like relevance andaccuracy. Moreover, the objective and the method adopted for acquiring data maynot be suitable to the current situation. Therefore, before using secondarydata, these factors should be kept in mind.

Characterof secondary Data: Secondary data implies second-hand information whichis already collected and recorded by any person other than the user for apurpose not relating to the current research problem. It is the readilyavailable form of data collected from various sources like economic survey,government publications( RBI annual report and SEBI annual report) .This is equally important for myresearch because most of the research done in management mostly based onsecondary data for collecting my secondary data.

I am thankful to fund managerof SBI mutual fund of Meerut region .who not only provide basic data but give me chance to interact some retailinvestors who make their investment by SIP route and they are more happy. Imeet to one of consultant in HDFC branch Hapur who provide me a hand bookcontaining a lot of information about HDFC Equity fund schemes.  I am extremely thankful to most authenticsite of mutual fund these are www.

valueresearch.com and money control dot com Annual economic surveyAnnual RBI reportSEBI annual reportAnnual financial reportThe Economic Times   Character of secondary Data: Secondary data has following advantages 1 It is easily available It is authentic It is less time consuming It is cheaper than primary data    Age group Profession/Number 25-30  Student             25 35-40 Clerk                   21 40-45 Bank employee 15 45-50 Teacher               30 55-60 Advocate            15 60-65 Business man   11 Above Retired person 11           Table .11 (Meerut)  Give preferences of investor todifferent instruments Age group Profession/Number income preferences 25-30  Student             25 100,000-200,000 Not aware 35-40 Clerk                   21 200,000-300,000 Fixed deposit 40-45 Bank employee 15 300,000-400,000 SBI mutual fund 45-50 Teacher               30 400,000-500,000 NSC 55-60 Advocate            15 500.000-600,000 Tax saving SBI mutual fund 60-65 Business man   11 600,000-800.

000 Not aware Above Retired person 11 10,00000 LIC    Age group profession Number 25-30 Student  15 35-40 Private employee 25 40-45 Bank employee 20 45-50 Business man 20 55-60 Advocate   15 60-65 CA 5 above Doctor 10       Table .12 (Delhi) Give preferences of investor todifferent instruments Age group profession Number Income Preferences 25-30 Student  15 200,000-400,00 Aware 35-40 Private employee 25 400.000-600,000 HDFC MUTUAL FUND 40-45 Bank employee 20 600,000-800,000 ICICI MUTUAL FUND 45-50 Business man 20 800,000-10,00000 Equity fund Birla sun life 55-60 Advocate   15 10,00000-1200,000 HDFC pension plan 60-65 CA 5 1200,000-1400,000 HDFC 200 Standard above Doctor 10 1500,000 Balance fund          5.3 RESEARCH METHODS Thesimple statistical tools like averages and rate of returns are used and keep inmind the interest of the small investors the study has been made simple andaverage rate of return of mutual schemes Sample Size: Monthly NAVs of SBIMutual Fund and HDFC Mutual Fund for comparison, And BSE 100 monthly indicesafter   Return = Current Close –Previous CloseStandardDeviation (?):Wherex = return of portfolio;  =average return of portfolio; N = number ofmonthsBETA(?): describes how the expected return of a stock or portfolio is correlated totheSHARPERATIO: Sharpe ratio is the performance measure developed by William F Sharpe in1966, which is expressed as the ratio of excess return per unit of risk.TREYNORRATIO: Trey nor Ratio is the performance measure given by Jack Treynor in 1965,which is expressed as a ratio of returns to systematic risk (?). It is therisk-adjusted measure of return that divides a portfolio’s return in excess ofthe riskless return by its beta.

JENSENSRATIO: A risk-reduce performance measure that shows the average return value ona portfolio over and above that forecast by the capital asset pricing model(CAPM), given the portfolio’s Beta and the average market return. This is theportfolio’s alpha Actually the method used is also known as alpha of Jensenratio.EXTRA 5.4 USES OF SOFTWARE IN RESEARCHNow we are living in digital era so we think everythingin terms of bit and bytes and try to solve the problem of the day may be it isroutine or repeated or may of research we don’t hesitate to use the software incase research so many software and devices are used. Now research material isabandon in many more sites and you can access anybody research work by click ofmouse. So modern era belong to IT and software which make research easy simpleand enjoyable now no longer you have to go to big libraries now all these thingsare coming  to you automatically andreduce time and money. Before the invention of these tools research need moretime I may say labor intensive now it become sophisticate and smart.

Nowquestionnaire and data can be collected through email and other mean oftelecommunications     

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