QUESTIONNAIRE I am Sukhdeep kaur, pursuing MBA from Apeejay Institute of Management, Jalandhar.

I am conducting a research on The Study of Investment Management Philosophy of Investors with Special Reference to Active and Passive Management. So I request you to spare few minutes from your busy schedule and fill this form. I assure you that the information provided by you will be kept confidential. Demographic Information: Name Age Address - ____________________________________________ - 15-25years Above 45years - ____________________________________________ Business Housewife Service Occupation - Student 26-35years 36-45years

If any other please specify_________________________________ Contact No -____________________________________________ QUESTIONS Q1. Are you aware of active and passive management? (i) Yes (ii) No

Q2.For which time horizon would you like to do investment? (i) Short time horizon C (ii) long time horizon C

Q3. Which of the following investment portfolio management will u choose? (i) Active investment management C (ii) Passive investment management

(iii) Other Please specify_____________ Q4. If you will choose Active portfolio Management, you will do so because (i) Seeks to avoid declining market. (ii) Reduces risk of fluctuation. 59

(iii) Deliver market-beating return. (iv) Suitable for long term horizon. (v) Less volatility. (vi) Any other reason. (Please specify) __________________________________________________ Q5. If you will choose Passive portfolio Management, you will do so because (i) Low cost. (ii) Reduced uncertainty of decision errors. (iii) Style consistency. (iv) Tax efficiency. (v) Suitable for long term horizon (iv) Any other reason. (Please specify) __________________________________________________ Q6. Kindly rank the following factors from 1-8 that affect investment management decision of an investor regarding active and passive management. Active Passive (i) Investment time horizon (ii) Potential for Above-Market Returns (iii) Investment Management Fees (iv) Decision Making Process (v) Tax efficiency (vi) Potential for Down Market Protection (vii) Investment Management Fees (viii) Market Conditions

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Q7. Kindly rate the following statements on Likerts scale from 1-5 where 1 corresponds to 'strongly agree' & 5 corresponds to 'strongly disagree'? Statements 7.1 Passive management carries lower cost 7.2 Passive management captures the return of an entire market. 7.3 Actively managed investment have less volatility. 7.4 For active management, an investor is required to update stock knowledge. 7.5 If the markets were completely inefficient, nearly all active manger would be able to succeed. 7.6 passive management helps in reducing uncertainty of decision errors. 7.7 Active management has the potential to provide above market return 7.8 Passive management helps in increasing Tax efficiency. Strongly agree Agree Neutral Disagree Strongly disagree

Q8. In your opinion, which index is used widely in passive management portfolio as standard measure? (i) S& P 500 index i) Nasdaq composite index (v) Other (ii) Dow Jones industrial average index (ii (iv) Whilshire 5000 total market index

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Q9. In your opinion, which portfolio management approach is better in current scenario? (i) Active investment management (ii) Passive investment management

Q10.Do you think investing in passively investing management is better than actively investing management for yielding high return? (i) Always (ii) Sometime (iii) Never

Q11 In your opinion, which is the most important attribute having a successful active manager? (i) Commitment to higher returns to investors (ii) Unique investment edge (iii) Disciplined and research oriented (v) other Please specify_____________

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