Published Online:June 2026
Product Name:The IUP Journal of Financial Risk Management
Product Type:Article
Product Code:IJFRM030626
DOI:10.71329/IUPJFRM/2026.23.2.57-78
Author Name:Arti, Usha Sharma and Suresh Sharma
Availability:YES
Subject/Domain:Finance
Download Format:PDF
Pages:57-78
This paper studies the association between socioeconomic characteristics and digital financial literacy of mutual fund investors, using a descriptive-analytic approach based on primary data. The primary data was collected using a structured questionnaire from 384 mutual fund investors of Himachal Pradesh. Snowball sampling method was used for collecting the data. The findings show that there is a strong relationship between the sociodemographic factors and different variables of digital financial literacy, such as skills in handling digital financial instruments and financial knowledge. However, there is no strong link between gender and digital financial literacy variables. This paper contributes to the literature by considering sociodemographic factors along with digital financial literacy and mutual fund investment.
The introduction of digital technologies in the financial sector has resulted in the rise of digital financial literacy, which is required for the use of sophisticated fintech systems (Abdallah et al., 2024; Kumar et al., 2022). This construct includes numeracy, knowledge about digital financial products, competence in the operation of such products, and the capacity to ensure their protection from phishing and hacking attacks (Abdallah et al., 2024; Kumar et al., 2023).