FINANCIAL LITERATION: INVESTMENT IN MUTUAL FUNDS
Widya Setiabudi Sumadinata, Mohammad Benny Alexandri, Moh. Donie Aulia
Universitas Padjadjaran, UNIKOM
Abstract
Mutual fund is one of the alternative to do an investment especially for the investors that lacks in knowledge about investment and lack of time but still manage to produce great number of benefits. As one of the vehicle to do an investment, mutual fund is a place for the investors to raise funds that later will be invested to stock portfolio by the investment manager. Therefore, the investor doesn-t have to think much about the stock portfolio. Mutual fund is stated by the government in Law no. 8 about Stock Market. This study examines the advantages of mutual fund as an alternative to do an investment and the importance of doing an investment. The level of Indonesian societys literacy regarding financial service products is classified as still small. Even mutual funds are capital market financial services products with the lowest literacy rates. The very small number of mutual fund investors is a special challenge for the capital market industry
Keywords: Mutual fund, stock market, investment
Topic: Management