Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)

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

Authors
Rengga Madya Pranata1, *, Nugraha Nugraha1, Maya Sari1, Agus Rahayu1, Lili Adi Wibowo1
1Doktor Ilmu Manajenemen, Fakultas Pendidikan Ekonomi dan Bisnis, Universitas Pendidikan Indonesia, Bandung, Indonesia
*Corresponding author. Email: renggamadya@upi.edu
Corresponding Author
Rengga Madya Pranata
Available Online 26 June 2024.
DOI
10.2991/978-94-6463-443-3_8How to use a DOI?
Keywords
Equity Mutual Fund; Stock Selection; Age of the Fund; Inflation Rate; Mutual Fund Performance
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.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
26 June 2024
ISBN
978-94-6463-443-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-443-3_8How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Rengga Madya Pranata
AU  - Nugraha Nugraha
AU  - Maya Sari
AU  - Agus Rahayu
AU  - Lili Adi Wibowo
PY  - 2024
DA  - 2024/06/26
TI  - Behind the Investment Curtain: Exploring Internal and External Factors Influencing Mutual Fund Investment Decisions in Indonesian Stock Market
BT  - Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)
PB  - Atlantis Press
SP  - 49
EP  - 53
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-443-3_8
DO  - 10.2991/978-94-6463-443-3_8
ID  - Pranata2024
ER  -