Mutual Fund is an investment alternative for investors, for tiny investors & those who have less time & skill to count the risks of their investments. Mutual Fund is designed as gizmo to gather fund from public that have the capital, will to invest, but only have limited time & knowledge. Beside that, through Mutual Fund, it is expected that the number of local investors in the Indonesia’s Capital Market can increase. Generally, Mutual Fund is defined as a mean to collect fund from the investment society to be invested in portfolios by the fund manager. This definition is also written in the Indonesia Capital Market Law No.8/1995 section 1 clause (27) regarding Mutual Fund. There’s seven points shown on this statement. First, Mutual Fund collects fund from the society. Second, the fund is then invested in the securities portfolio. Third, the fund is managed by an Investment manager. Therefore, the fund put in the Mutual Fund is investors’ collective fund, & the Investment Manager is the person trusted to manage the fund.