Abstract: The study seeks to determine the effect of investment portfolio on financial performance of Deposit Taking Savings and Credit Cooperatives (DT-SACCOs) in Kenya. The study used the modern portfolio theory. The study adopted descriptive survey research design. The target population was the 135 DT-SACCOs that were licensed before the study period and have operated for last five years of the study. The chief finance officers of each SACCO were required to fill the questionnaires. Data was analysed with the help of SPSS version 23. Descriptive and inferential statistics was used to analyse data. The descriptive statistics involved frequency, mean and standard deviation. The inferential statistics involved bivariate correlation and multivariate regression analysis. The study findings indicated that the Investment portfolio had a statistically significant effect on financial performance of DT-SACCOs in kenya.Study therefore fore concludes that investment portfolio diversification has a significant effect on finacial performance of DT-SACCOs in Kenya. The study recommends that management of Deposit taking Sacco’s should continue improving on their investment portfolio diversification by bringing in more financial products to the portfolio.
Keywords: Deposit taking Savings and credit cooperatives, financial performance and Investment Portfolio.
Title: Effect of Investment Portfolio Diversification on Financial Performance of Deposit Taking Savings and Credit Cooperatives in Kenya
Author: Mary Wanja Kamau, Alex Njiru
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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