INTEREST IN INVESTING IN MUTUAL FUNDS USING FINTECH APPLICATIONS: DETERMINANTS AND IMPACT ON MUTUAL FUND PURCHASE DECISIONS

: The aim of this research was to analyze interest in investing in mutual funds using an applicationfintech: determinants and their impact on mutual fund purchasing decisions as well as to test the influence of motivation and knowledge on interest in investing in mutual funds and their impact on mutual fund purchasing decisions as well as finding out the most dominant variables. The population in this study were respondents who used the applicationfintech mutual funds. Samples are determined by techniquePurposive Sampling, with 130 respondents. The data collection technique used was a questionnaire. The analysis techniques used in this research are instrument testing (validity test and reliability test), classical assumption test, descriptive statistical analysis, factor analysis, hypothesis testing and coefficient of determination using the SPSS programfor windows 23.0. The research results show that there is a simultaneous or partial influence of motivation and knowledge on interest in investing in mutual funds, there is a simultaneous or partial influence of motivation and knowledge on mutual fund purchasing decisions, and there is an influence of interest in investing in mutual funds on mutual fund purchasing decisions. Based on the partial test results, it can be seen that motivation has the greatest influence on interest in investing in mutual funds and knowledge has the greatest influence on mutual fund purchasing decisions.


INTRODUCTION
The very rapid development of the economy and communication technology provides many conveniences in the business world.This can be seen from the many companies that are established and developing by utilizing technological facilities.Apart from that, this business development also has an impact on increasing competitiveness between companies so that every company is required to always develop its strategy.One form of company strategy in supporting company performance is by joining the capital market and human needs also develop.The capital market has an important role in supporting a country's economy because the capital market has two functions at once, namely the economic function and the financial function.The capital market is a place where parties who have excess funds meet(investor) with parties who need funds (companies) by trading securities.The definition of capital markets in accordance with Law Number 8 of 1995 concerning Capital Markets (UUPM) is activities related to public offerings and trading of company securities.publicrelated to the securities issued, as well as institutions and professions related to securities.
Everything that humans do is always based on certain motivations and interests, including when making a decision to invest.Mutual funds are an attractive investment instrument, because people who don't really understand the ins and outs of investing can still invest by allocating their funds to an investment manager.who incidentally has more experience in the investment field.Mutual funds make it easier for investors who have limitations in terms of information, time, capital and knowledge of the world of investment.Mutual funds are an investment tool for investors to be able to invest in various investment instruments available on the stock exchange and mutual funds are also a forum and pattern for managing funds or capital for a group of investors to invest in investment instruments available on the market by purchasing mutual fund participation units.

Abstract:
The aim of this research was to analyze interest in investing in mutual funds using an applicationfintech: determinants and their impact on mutual fund purchasing decisions as well as to test the influence of motivation and knowledge on interest in investing in mutual funds and their impact on mutual fund purchasing decisions as well as finding out the most dominant variables.The population in this study were respondents who used the applicationfintech mutual funds.Samples are determined by techniquePurposive Sampling, with 130 respondents.The data collection technique used was a questionnaire.The analysis techniques used in this research are instrument testing (validity test and reliability test), classical assumption test, descriptive statistical analysis, factor analysis, hypothesis testing and coefficient of determination using the SPSS programfor windows 23.0.The research results show that there is a simultaneous or partial influence of motivation and knowledge on interest in investing in mutual funds, there is a simultaneous or partial influence of motivation and knowledge on mutual fund purchasing decisions, and there is an influence of interest in investing in mutual funds on mutual fund purchasing decisions.Based on the partial test results, it can be seen that motivation has the greatest influence on interest in investing in mutual funds and knowledge has the greatest influence on mutual fund purchasing decisions.
Sharia mutual funds according to MUI Fatwa No. 20/DSN-MUI/IV/2001 are mutual funds that operate according to Islamic sharia principles, both in the form of contracts between investors as property owners and investment managers as representatives, or between investment managers as representatives and investment users so that sharia mutual funds will not invest their funds in bonds from companies whose management or production of products is not in accordance with Islamic law.Generally, sharia mutual funds allocate capital to sharia securities.MUI Fatwa No.40/DSN-MUI/X/2003 explains that sharia securities are securities which as referred to in the laws and regulations in the capital market sector are securities whose contract, company management, and method of issuance comply with sharia principles.
Financial Technology (fintech) is a term used to describe the innovative and creative use of financial technology to design and deliver financial products and services efficiently.Main ideafintech is to make financial services better for end customers (consumers), not to put banks out of business.The use of technology enables start-up companies(startup) to compete with "traditional" financial organizations by providing fast and easy, mostly low-cost solutions for all your needs in the financial market, such as: Payments / P2P /Investment / Digital Banking / Funding and more.When making purchasing decisions, it is necessary to know the developments that occur in the capital market first to analyze and understand the changes that occur.Investors can invest in various types of assetsreal assetsnorasset financial.One type of assetfinancial which investors usually choose.
Basic knowledge about investment is very important for potential investors to know.This aims to protect investors from irrational investment practices (gambling), a culture of bandwagoning, fraud and the risk of loss.Sufficient knowledge, experience and business sense are required to analyze which securities to buy when investing in the capital market.Adequate knowledge of how to invest is needed to avoid losses when investing in the capital market, such as stock investment instruments.

RESEARCH METHODS
The type of research carried out by researchers is associative research.Associative research is research that connects independent variables (two or more) to see their influence on the dependent variable.The variables linked in this research are variables consisting of motivation variables, knowledge variables, mutual fund investment interest variables, mutual fund purchase decision variables, while the approach in this research is a quantitative approach.Quantitative research aims to find relationships that explain causes in measurable facts, showing variable relationships.
The data collection method in this research was carried out using a questionnaire distribution technique.The scale used in preparing the questionnaire is the Likert scale.In this study, the population was respondents of productive age between the ages of 20 and 30 years and above who had used the applicationfintech mutual funds.The sampling technique used in this research is engineeringnonprobability sampling because it does not provide an equal opportunity for each element or member of the population to be selected as a sample.Meanwhile, determining the number of samples is carried out using techniquessampling purposive where sample determination is carried out with certain considerations.Therefore, the number of samples to be taken is 30 out of the target of 130 people, which is considered representative because it is greater than the minimum limit of 96 people.

RESULTS AND DISCUSSION
Based on the summary of research results, it can be explained from the following

CONCLUSION
Based on the results and previous discussion, the following conclusions can be drawn: 1.
Motivation has a positive effect on interest in investing in mutual funds.

2.
Knowledge has a positive effect on interest in investing in mutual funds.

3.
Interest in investing in mutual funds has a positive effect on mutual fund purchasing decisions.

IMPLICATIONS
1.The results of this research support previous research conducted by Rizki Chaerul Pajar (2017) where the results of previous research stated that motivation variables partially had a significant effect on investment interest.2. The results of this research support previous research conducted by Galih Noviantoro (2017) where the results of previous research stated that the variables of entrepreneurial motivation and entrepreneurial knowledge had a significant effect on interest in entrepreneurship.3. The results of this research support previous research conducted by Siti Kumala Dewi (2017) where the results of previous research stated that motivation variables partially had a significant effect on car purchasing decisions.

Table 4 .
19shows that the Adjusted R Square value is 86.2%, while the remaining 13.8% is explained by other variables not included in this research.Table4.20 shows that the Adjusted R Square value is 39%, while the remaining 61 % is explained by other variables not included in this research, table4.21shows the Adjusted R Square value is 21%, while the remaining 79% is explained by other variables not included in this research.