This research aims to test the analysis of the influence of Bank Indonesia Certificates interest rates, inflation, the Jakarta Composite Index (JSX), Kuala Lumpur Stock Exchange (KLSE) and rupiah exchange rate on stock mutual fund return. Data analysis is performed on stock mutual funds registered in Financial Service Authority (OJK) during the period 2015-2016. Sampling by purposive sampling so that get sample of 12 stock mutual funds. Data analysis using multiple linear regression analysis and the results showed the inflation rate positive effect significantly on the rate of return on stock mutual funds, the Jakarta Composite Index (JSX) positive significant effect against the return on stock mutual funds, the Bank Indonesia certificate interest rate has a significant negative effect on the return of stock mutual fund, the Kuala Lumpur Stock Exchange (KLSE) has a significant negative effect on the return of stock mutual fund, the rupiah exchange rate does not significantly effect the return on stock mutual funds.