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Mutual funds play a significant role in the investment landscape, offering investors diversified portfolios managed by professionals. This paper delves into the intricate relationship between mutual funds and investor behavior, aiming to comprehend the factors influencing investment decisions within this context. By analyzing existing literature, this study explores how psychological biases, market conditions, fund characteristics, and regulatory frameworks impact investor behavior in mutual funds. Additionally, it investigates the implications of investor behavior on fund performance and market efficiency. Through a comprehensive understanding of these dynamics, this research seeks to provide insights into effective strategies for both investors and fund managers to navigate the complexities of the mutual fund industry.
- et al. (Tue,) studied this question.