Performance of Sharia Equity Funds and Conventional Equity Funds, Which one is better?
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Currently equity funds are investment instruments that are very interested by investors, because are able to provide higher returns compared to other investment instruments. In Indonesia Stock Exchange (IDX) there are two types of equity funds traded, namely sharia equity funds and conventional equity funds. This study aims to find out which is better between the performance of sharia equity funds and conventional equity funds. The analytical method used is the comparative method using the average difference test of independent sample t-test and Sharpe method to determine the rank of the best equity funds. The result of the research shows that based on Sharpe method, the performance of sharia equity funds is better than conventional equity funds. And based on the average difference test proved there is a significant difference between the performance of sharia equity funds with the performance of conventional equity funds.
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