MUTUAL FUND PERFORMANCE IN INDONESIA

The purpose of this study was to explain the performance of equity funds in Indonesia for the 2013-2017. The research subjects were equity mutual funds listed on the Indonesia Stock Exchange (IDX) with a number of samples taken as many as 73 equity mutual fund products, with purposive sampling method. Data analysis method uses two average difference test analysis techniques (Independent Sample t-test). The results show that the performance of equity funds has not been able to outperform market performance during the observation period. Comparison between the performance of equity funds and market performance shows that there are no significant differences. There is no difference in investments through mutual funds of shares or ordinary shares in generating risk adjusted returns. The practical implication that can be given from the findings of this study is that this study can be used as information for investors in choosing investment instruments in the Indonesian capital market. In accordance with the results of the study, investors can invest in the form of ordinary shares or equity funds because it produces the same rate of return adjusted risk. KEY WORDS Mutual funds, performance, market, investment