PERFORMANCE OF ISLAMIC MUTUAL FUNDS IN INDONESIA

Abstrak

Mutual funds has already exist in Indonesia since 1995 but mutual funds has not been socialized. It was caused by a lack of information to the public about how to invest in the stock market, especially mutual funds so that people have difficulty in assessing and selecting a mutual fund which was able to provide optimum performance and has benefits which affecting the growth of mutual funds.The purpose of this study was to analyze the effect of asset allocation policy (Islamic stocks, Islamic bonds (sukuk) and deposits mudaraba) on the performance of mix  Islamic mutual fund in Indonesia during the period 2010- 2013.This type of the research used was descriptive analysis-verification. Sample used were  7 Islamic mix mutual fund each year so the total number of samples were  28 Islamic mix mutual fund during the period 2010- 2013.The results were Asset Allocation Policy for Sharia Stock, Asset Allocation Policy for Islamic Bonds (Sukuk) and Asset Allocation Policy for Mudaraba deposits simultaneously affecting Mutual Fund Mixed Sharia Performance. Simultantly indicated 0.522, or approximately 52.2%.