| Summary: | Investment is a term that is always in connection with financial, economic, and how
to manage both. However, in doing investment, other than the expected profit there is
also risk. One of the investment instruments is equity - mutual fund. An investor has
to posses certain planning towards the profit which will be obtained, when he is doing
investment in equity-mutual fund. Hence, other than potential and most-advantageous
profit from equity-mutual fund, investor also has to be warned of its associated risk.
In need of information regarding equity�mutual fund performance and its potential
risk, research is conducted on the performance of equity�mutual fund, by calculating
and evaluating its performance using three methods, those are: Sharpe, Treynor and
Jensen, which then is compared by four benchmarks: IHSG (Indeks Harga Saham
Gabungan/Jakarta Composite Index), Index LQ45, Index BIS27 and Index Kompas
100. This is conducted as a means to calculate performance of risk-based equitymutual
fund investment. It is also conducted in this research, a testing towards mutual
fund�s performance rank consistency, along with Kendall W�s method.
It is concluded in this research that calculation using Sharpe, Treynor and Jensen�s
methods which are compared with four benchmarks shows that the performances of
48 equity-mutual fund generally is poor or underperformed. Nonetheless, in this
research it appears that one equity-mutual fund is always outperformed in all
calculation methods and benchmarks. From the facet of performance rank
consistency, it could be concluded that there is a consistency in the performance rank
between three calculation methods. This could also indicate that the fund manager has
conducted proper portfolio diversification.
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