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

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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Rengga Madya Pranata & Nugraha Nugraha & Maya Sari & Agus Rahayu & Lili Adi Wibowo, 2024. "Behind the Investment Curtain: Exploring Internal and External Factors Influencing Mutual Fund Investment Decisions in Indonesian Stock Market," Advances in Economics, Business and Management Research, in: Ratih Hurriyati & Lili Adi Wibowo & Sulastri Sulastri & Lisnawati Lisnawati (ed.), Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023), pages 49-53, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-443-3_8
    DOI: 10.2991/978-94-6463-443-3_8
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