Behind the Investment Curtain: Exploring Internal and External Factors Influencing Mutual Fund Investment Decisions in Indonesian Stock Market

Rengga Madya Pranata (), Nugraha Nugraha, Maya Sari, Agus Rahayu and Lili Adi Wibowo
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Rengga Madya Pranata: Universitas Pendidikan Indonesia, Doktor Ilmu Manajenemen, Fakultas Pendidikan Ekonomi dan Bisnis
Nugraha Nugraha: Universitas Pendidikan Indonesia, Doktor Ilmu Manajenemen, Fakultas Pendidikan Ekonomi dan Bisnis
Maya Sari: Universitas Pendidikan Indonesia, Doktor Ilmu Manajenemen, Fakultas Pendidikan Ekonomi dan Bisnis
Agus Rahayu: Universitas Pendidikan Indonesia, Doktor Ilmu Manajenemen, Fakultas Pendidikan Ekonomi dan Bisnis
Lili Adi Wibowo: Universitas Pendidikan Indonesia, Doktor Ilmu Manajenemen, Fakultas Pendidikan Ekonomi dan Bisnis

A chapter in Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023), 2024, pp 49-53 from Springer

Abstract: Abstract Mutual funds are one of the most popular investment products in Indonesia. 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, strongly influence the performance of mutual funds. 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 from 2018 to 2022. The data was then analyzed using panel 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, must 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 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-443-3_8

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