THE COMPARATIVE ANALYSIS OF RISK AND RETURNS CONVETIONAL MUTUAL FUND AND SHARIA MUTUAL FUND

Abstract

The purpose of this study is to determine the difference between the performance of Islamic mutual
funds and Islamic index (ISSI Index), between the performance of conventional mutual funds and
conventional indices (IHSG), and also between the performance of Islamic and conventional mutual
fund through the level of risk and return. The analysis tool for testing hypothesis is independent
sample t-test and paired sample t-rest. The population in this study are all conventional and Islamic
mutual funds which are active in the 2014-2018 period. The sampling method uses purposive
sampling method. The result of this study are there were significant differences between the
performance of conventional mutual funds and conventional index (IHSG), there were significant
differences between the performance of Islamic mutual funds and Islamic index (ISSI), and there
were significant differences between the performance of conventional and Islamic mutual fund
performance.