Financial savings of households particularly retail investors play an important role in financing the development and growth of an economy. The larger the retail investors participation in the stock market or in the primary market, the more competitive and deeper the market will be. In fact, households are the economic agents who play a major role in providing their savings to deficit sectors. Indian capital market particularly equity market witnessed several changes in its functioning after liberalization. Since, last two decades it has been changed rapidly. There are significant changes...