The Comparative Analysis of Conventional and Sharia Mutual Funds Performance From January 2017 to December 2018

International Journal of Economics and Management Studies

© 2020 by SSRG - IJEMS Journal

Volume 7 Issue 3

Year of Publication : 2020

Authors : Winy Fasadinisari, Irham Lihan, Ernie Hendrawaty

10.14445/23939125/IJEMS-V7I3P115

How to Cite?

Winy Fasadinisari, Irham Lihan, Ernie Hendrawaty, "The Comparative Analysis of Conventional and Sharia Mutual Funds Performance From January 2017 to December 2018," SSRG International Journal of Economics and Management Studies, vol. 7,  no. 3, pp. 95-106, 2020. Crossref, https://doi.org/10.14445/23939125/IJEMS-V7I3P115

Abstract:

This study aims to compare the performance of mutual funds based on returns and risk, and also classify the efficiency of mutual funds based on the Capital Asset Pricing Model (CAPM) method. The research sample was 44 conventional equity mutual funds, 9 sharia equity mutual funds, 44 sharia fixed income mutual funds, and 9 sharia fixed income mutual funds. The research period is from 2017 to 2018. The results show that the rate of return and risk between conventional mutual funds and sharia mutual funds are the same or have no difference. While the calculation of the rate of return and risk between equity funds and fixed income mutual funds also shows that there are no differences between the two types of mutual funds. The classification of efficient mutual funds found that there were 15 equityfunds and 40 fixed income mutual funds,which were included inefficient mutual funds.

Keywords:

Conventional mutual funds, Sharia mutual funds, Return, Risk, Capital Asset Pricing Model (CAPM).

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