To assist in making investment decisions, testing macroeconomic variables that affect performance through the Net Asset Value (NAV) of Islamic money market mutual funds in Indonesia for the 2018-2022 period is the goal of this research. Quantitative research was conducted by utilizing secondary data through websites owned by Bank Indonesia, BPS, Danareksa, and Bibit, including information on inflation, exchange rates, BI 7 Days Repo Rate, and NAV of Islamic money market mutual funds. The method used was purposive sampling to determine the sample in this study with a sample size of 10 units of money market mutual funds. IBM SPSS Statistics 26 is used to support data analysis techniques, including classical assumption testing, multiple linear regression, and the coefficient of determination. The research findings show that inflation has a significant positive effect on the NAV of Islamic money market mutual funds, the exchange rate shows no significant effect on the NAV of Islamic money market mutual funds and BI7DRR has a negatively significant effect on the NAV of Islamic money mutual funds market. This study's findings will be beneficial for investors to find out how the performance conditions of the Islamic money market for mutual funds are and become material for calculating investment activities carried out especially in the Islamic money market for mutual funds.
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