The investment becoming a very crucial part of any individual in the present time as this saving and investment could provide a cushion for future emergencies. Hence, to reach the overall objectives of the life cycle, planning professionals need to be familiar with all the investment instruments available and make required changes in the pattern of the investment to design a profitable portfolio. The purpose of this study is to identify the changes occurred in the income and investment pattern of the respondents belongs to the middle class in the Kumaun division using well-structured questionnaire for the survey of 60 investors who have faced the changes in the past decade since 2011 to 2020. Researcher analyse the responses given to a close ended and one open ended response from different districts of Kumaun. The respondents mentioned the changes in the income as well as investment pattern in the last decade along with the specified reasons for these changes. Researcher employed linear regression, anova, coefficient, chi-square test and factor analysis model to trace the changes of investment pattern. The findings of this study are indicating that the middle-class investors income and investment pattern have upward trend line in the last decade which influenced by various financial and nonfinancial components. The definition of middle class is modified on the basis of previous definition given by NCAER (2004), MGI report (2007), Finance Minister’s statement regarding middle class (2020) and changed financial indicators like gdp rate & inflation rate. Hence, this definition is applicable only for this study not elsewhere.
Key words: income, saving, investment, changes and middle-class investors.
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