ANALISIS PENGARUH UMUR REKSA DANA, TINGKAT RISIKO, EXPENSE RATIO, TURNOVER RATIO, DAN MARKET TIMING ABILITY TERHADAP KINERJA REKSA DANA SAHAM SYARIAH PERIODE 2016-2020

Abstract

ABSTRACT
This study aims to analyze the effect of Mutual Fund Age, RiskLevel, Expense Ratio,
Turnover Ratio, and Market Timing Ability onthe Performance of Sharia Equity Mutual
Funds using the Sharpe method.
The population used in this study is Sharia Equity Mutual Funds that have been
registeredinthe Financial Services Authority (OJK) for the period from 2016 to 2020. The
data used inthis study is secondary data with a total sample of 14Mutual Funds. The
method used in this study is MultipleLinearRegression Analysis with a significance level
of 5% where previously the classical assumption test was carried out includingthe
NormalityTest, Multicollinearity Test, Autocorrelation Test, and Heteroscedasticity Test.
The results of this study indicate that the variables of Mutual Fund Age, Turnover
Ratio, and Market Timing Ability have a significant negative effect on MutualFund
Performance.TheExpenseRatiohas asignificantpositiveeffectonMutualFund
Performance, while the Risk Level Variable has a positive and insignificant effect on
Mutual Fund Performance.Based on the results of the coefficient of determination test, the
adjusted R square value is 0.253so that the predictive ability of the variables used in this
study on Sharia Mutual Fund Performance is25,3% while the rest is influenced by other
variables outside the research variables.