Effect of Consumer Confidence Index, Interest Rate, Stock Market Composite Index, and Inflation on the Net Asset Value of Indonesian Mutual Funds

The growth of the mutual fund industry will continue to grow positively in line with condition national economy, which is starting recover from crisis caused by pandemic. It essential study factors that influence this phenomenal carry out risk mitigation. This research focuses on affect NAV fluctuation considering macroeconomic dimensions such as consumer confidence index, interest rates, stock market composite indexes, and inflation independent variables. uses monthly time series data period January 2013 December 2020. VAR model performed proved only Composite Stock Price Index variable previous month significantly affects Net Asset Value prices short- term. impulse response function also confirms a strong relationship. can fluctuations Indonesia funds. price index be used particular consideration when assessing Indonesian Keywords: Mutual Funds; Consumer Confidence Index; Interest rate; funds DOI: 10.7176/EJBM/13-21-01 Publication date: November 30 th 2021