The Influence of Interest Rate, Inflation, Ihsg, and Foreign Stock Market to Mutual Fund Return

This study aims to determine the significant influence of SBI interest rate, inflation rate, stock price index and foreign exchange (KLSI and HSI) on return of equity mutual funds of 2008-2012 periods. From the calculation results as follows: a) SBI rate, inflation rate, stock price index and foreign stock exchange (KLSI and HSI) simultaneously has significant effect to rate of return of equity mutual funds; b) Generally, SBI, inflation, stock index and foreign exchange can explain the variation in equity fund return with a range of 21 % to 97.6 %. This means, SBI interest rate, inflation, stock index and foreign exchange can be used to estimate the rate of return on equity mutual fund; c) results of partial test generated several findings as follows: 1) SBI interest rate significantly influence the rate of return on almost all equity mutual fund; 2) rate of inflation did not significantly influence the rate of return on equity mutual funds; 3) JCI turned out to significantly influence the overall level of equity fund returns; 4) KLSE Composite index has a significant effects of six equity mutual funds, while HIS composite index, has no significant effect on rate of return on equity funds