Factors Influencing Investment Decisions among College Students: A Comparative Analysis Between India & Nigeria

Devanshu Karamchandani; Anjali Anjali; Etoo Emmanuel Obinwa; R Devi Nandana; Kunal Panda; Gan Kia Hui; Okwu Peter; Rudresh Pandey; Teoh Bak Aun; Lok Yee Huei

doi:10.32535/ijafap.v7i1.2897

Factors Influencing Investment Decisions among College Students: A Comparative Analysis Between India & Nigeria

Devanshu Karamchandani, Anjali Anjali, Etoo Emmanuel Obinwa, R Devi Nandana, Kunal Panda, Gan Kia Hui, Okwu Peter, Rudresh Pandey, Teoh Bak Aun, Lok Yee Huei

Abstract

Investment is done for the purpose to gain profitable returns. Investing in a well-diversified portfolio offers a multitude of benefits, including capital appreciation to grow wealth over time. As a student, managing finance can be challenging, but exploring opportunities for passive income can make a significant difference in financial stability and independence. This study endeavors to comparatively analyze the factors influencing investment decisions among college students in India and Nigeria. Demographics play a pivotal role in shaping investment choices, and understanding the differences in the attitude of these countries is vital for effective financial education initiatives. The study reveals that there is a positive relationship between different factors that students consider when making these decisions. Factors such as financial security, return on investment (ROI), and risk minimization are found to have a significant impact on their choices.

Keywords

Capital Appreciation; Demographic; Expected Returns; Liquidity; Tax Benefits

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DOI: https://doi.org/10.32535/ijafap.v7i1.2897