A Study on Influence of Financial Knowledge and Financial Behavior on Risk Tolerance of Millennials of Surat City

Author(s)	Ms. Mahernaz Marzban Patel, Dr. Hurmaz Patel
Country	India
Abstract	The financial market in India is growing everyday with addition of new market players and new financial tools. It is of utmost importance that management of finance must be done in most efficient manner. Management of finance is totally dependent on individual’s financial literacy. From the studies undertaken in past, it is observed that a financially literate person is more capable of taking sound financial decisions. This study also tries to identify the relation between two key determinants of Financial Literacy that is Financial Knowledge and Financial Behavior and its impact on Risk Tolerance of Surat City. The study is based on 210 responses collected from Surat City which indicated positive but weak association between the Financial Knowledge, Financial Behavior and Financial Risk Tolerance level.
Keywords	Financial Knowledge (FK), Financial Behavior (FB), Risk Tolerance (RT).
Field	Sociology > Banking / Finance
Published In	Volume 8, Issue 2, March-April 2026
Published On	2026-04-16
DOI	https://doi.org/10.36948/ijfmr.2026.v08i02.72875

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