Behind the Investment Curtain: Exploring Internal and External Factors Influencing Mutual Fund Investment Decisions in Indonesian Stock Market Rengga Madya Pranata (a*), Nugraha (b), Maya Sari (c), Agus Rahayu (d), Lili Adi Wibowo (e).
a) Doktor Ilmu Manajenemen, Fakultas Pendidikan Ekonomi dan Bisnis, Universitas Pendidikan Indonesia, Bandung, Indonesia.
b) Doktor Ilmu Manajenemen, Fakultas Pendidikan Ekonomi dan Bisnis, Universitas Pendidikan Indonesia, Bandung, Indonesia.
c) Doktor Ilmu Manajenemen, Fakultas Pendidikan Ekonomi dan Bisnis, Universitas Pendidikan Indonesia, Bandung, Indonesia.
d) Doktor Ilmu Manajenemen, Fakultas Pendidikan Ekonomi dan Bisnis, Universitas Pendidikan Indonesia, Bandung, Indonesia.
e) Doktor Ilmu Manajenemen, Fakultas Pendidikan Ekonomi dan Bisnis, Universitas Pendidikan Indonesia, Bandung, Indonesia.
Abstract
Mutual funds are one of the most popular investment products in Indonesia. The performance of mutual funds is strongly influenced by several factors, such as the selection of stocks in the portfolio, the age or age of a mutual fund, and the current inflation rate in the money market. This study aims to analyze the influence of these three factors on mutual fund performance. This study uses secondary data from 10 types of equity mutual funds in the period 2018 to 2022. The data was then analyzed using penel data regression. The results showed that stock selection in the portfolio has a significant positive effect on mutual fund performance. The age or age of a mutual fund also has a significant positive effect on its performance. In conclusion, investors should pay close attention to the selection of stocks in the portfolio and the age or age of a mutual fund to get optimal investment results from these investment products. However, other factors such as macroeconomic conditions still need to be examined further to improve investment performance through mutual fund products.
Keywords: Equity Mutual Fund- Stock Selection- Age of the Fund- Inflation Rate- Mutual Fund Performance.
