The Index Design And Feasibility Validation Of The Triggered Automatic Investment Plan Of Mutual Fund Based On MACD And KDJ Indicators

Automatic investment plan(AIP) of mutual fund is that a fixed amount of funds is invested in the specific open-ended fund in the fixed time,it’s a pattern of funds promoted by fund companies and banks.Due to the investment way of that many a little makes a mickle,AIP of mutual fund is easier to be accepted by ordinary investors,and becomes one of the important investment way in resent years.Nevertheless, in the weakening stock market of China,the income of the traditional AIP of mutual fund is less and less,even negative because of it’s mechanized investment way,so it’s questioned by investors.Therefore,the relative institutions optimized it’s inflexible way and tried to introduce some arithmetics to choose the subscription time and the amount automatically to improve efficiency, forming so-called "the intelligent automatic AIP of mutual fund".However, due to ignore the adjustment of stock share generally, there are still some deficiencies in the design.At first,this paper reviews the development history of securities investment funds and the AIP of mutual fund of China. We compare and analyse the existing modes of AIP of mutual fund qualitatively.Secondly,we redesign the indicators triggered AIP of mutual fund based on the intelligent AIP of mutual fund, reference to the utility rules of MACD and KDJ indicators those are often used in technical analysis of stock and combining the characteristics of AIP of mutual fund. Then we calculate it’s income to invest in index funds in strict accordance with the design rules and actual operation of the AIP of mutual fund in a complete cycle.Final conclusion proves that the yield of KDJ and MACD indicators triggered AIP of mutual fund is obviously beyond the ordinary AIP of mutual fund,in exactly the same conditions.Finally, the reasons behind this result is analyzed.