Development and Setting of Mutual Funds in Indonesia
Purpose: This paper discusses the development of mutual funds in Indonesia and the regulation and supervision of investment managers and custodian banks in mutual funds. Approach/Methodology/Design: The paper is based on research using the juridical normative research method. Findings: The conclusion of this paper is that mutual funds in Indonesia are developing very dynamically in order to meet the interests of public investors and the regulation and supervision of investment managers and custodian banks are also very good for the interests of public investors. Practical Implications: In practice, there are forms of mutual funds in the form of corporations and Collective Investment Contracts. Practically, mutual funds require the profession of investment managers and custodian banks. Originality/value: The study conceptually explore the mutual fund as a form of collecting funds from the public which is regulated through capital market regulations in Indonesia.