Pengaruh BI-7 Day Repo Rate dan Nilai Tukar terhadap Nilai Aktiva Bersih Reksa Dana Saham Periode 2018 - 2022

Abstrak

For long-term financial success, beginner investors might consider mutual funds. The BI-7 Day repo rate and exchange rates are two examples of macroeconomic factors that should be considered while analyzing mutual funds. The goal of this research is to assess the impact of the BI7 day repo rate and currency exchange rates on the NAV of equity funds. In this analysis, the Error Correction Model was used. According to the data, the BI7 day repo rate variable significantly affects the NAV of equity funds in a favorabl direction over the long term. The exchange rate variable, however, has a very unfavorable impact. In addition, the NAV of equity funds is unaffected by the BI-7 Day repo rate in the short-term calculation. In such case, the exchange rate has a major adverse influence. Together, they have a considerable impact on equity funds' NAVs over the long term. The short-term estimate findings, which show that the ineterest rate and exchange rates have no influence on the NAV of equity funds, are inversely related to this. The time frame covered by this analysis is from 2018 to 2022.