scholarly journals The Influence of Price/Earning Ratio (PER), Price to Book Ratio (PBR) and Price to Sales Ratio (PSR) on Net Asset Value (NAV) in Sharia Equity Fund

2018 ◽  
Vol 6 (1) ◽  
pp. 91-102
Author(s):  
Gerry Immanuel Tanius ◽  
Rosita Widjojo
Keyword(s):  
Significant Influence ◽  
Capital Markets ◽  
Mutual Fund ◽  
Secondary Data ◽  
Equity Fund ◽  
Asset Value ◽  
Net Asset Value ◽  
Equity Funds ◽  
Small Investors ◽  
Short Time

From many kinds of investment in Indonesian capital markets, a mutual fund is one of the instrument to be discussed. Within a short time, the mutual fund gives a significant influence to the Indonesian capital markets. A mutual fund is one of the alternatives for the investors, especially for small investors or for the investor that does not want to meet high risk. In the growing of Indonesian capital markets, the net asset value (NAV) of the mutual fund should be increasing, and the increase of the NAV proves it. The sharia equity fund is no different. As an alternative investment, the sharia mutual fund in Indonesia is growing; however, it does not seem attractive to the investor, reflected by the small weighting from the mutual fund industry. The reason why investors are reluctant to invest in sharia equity fund is the volatility, compared to the conventional equity fund. To guide investors and to attract investment in sharia equity funds, some indicators can be used, such as PER, PBR and PSR. This study will use these indicators as the independent variables: PER (X1), PBR (X2) and PSR (X3) on the Net Asset Value (NAV) as the dependent variable (Y)  in sharia equity fund using the Jakarta Islamic Index (JII) data. In this research, the researcher uses a quantitative method using secondary data. The results show that there is a significant influence of PER, PBV and PSR on NAV in sharia equity funds. As a consequence, PER, PBR and PSR can guide investors’ decisions to invest in sharia mutual fund.   Keywords: PER, PBR, PSR, NAV, sharia mutual fund

scholarly journals A Factorial Analysis of Information Ratio and Its Causal Effect on Yearly Return of Net Asset Value – A Study of Indian Equity Diversified Mutual Fund Schemes

2018 ◽  
Vol 7 (4.36) ◽  
pp. 707 ◽  
Author(s):  
Suman Chakraborty ◽  
Satish Kumar ◽  
Lumen Shawn Lobo
Keyword(s):  
Interest Rates ◽  
Mutual Fund ◽  
Causal Effect ◽  
Secondary Data ◽  
Information Ratio ◽  
Wide Range ◽  
Asset Value ◽  
Net Asset Value ◽  
Equity Funds ◽  
Sector Funds

Evaluation of performance of mutual fund schemes has gained a wide range of attention from both investors and academicians. The study aims at assessing the returns from equity mutual fund schemes in India by applying risk adjusted performance evaluation techniques. The study is based on secondary data collected for ten years for selected open ended equity diversified mutual funds. A comparative assessment of performance of public sector sponsored equity funds and non-government sponsored  sector funds bring forth with an interesting inference. The present study also constitutes a modest attempt to assess the information ratio and its causal effect on the average yearly return of Net Asset Value (NAV). Based on the previous research findings, this paper puts an honest effort to identify twelve independent variables which affects significantly the performance of NAV. The evaluation relies on the Sharpe, Trenor and Jensen’s technique, which have been applied in conjunction with parametric and non-parametric statistical tools using. The result shows significant relationship exists between the NAV return and fund’s risk, information ratio, macro-economic variables such as inflation, interest rates, market index performance, foreign flow of funds and foreign exchange on the basis of regression analysis. 

scholarly journals The Effect of SBI Interest Rates, Rupiah Exchange Rates, and Inflation on Net Asset Value of Equity Mutual Funds in 2015-2018

Academia Open ◽  
2021 ◽  
Vol 4 ◽  
Author(s):  
Fatimatus Sholihah ◽  
Wiwit Hariyanto
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Mutual Funds ◽  
Mutual Fund ◽  
Secondary Data ◽  
Independent Variables ◽  
Equity Mutual Funds ◽  
Asset Value ◽  
Net Asset Value ◽  
Equity Funds

This study aims to determine the effect of SBI interest rates, Rupiah Exchange Rates, and inflation on the net asset value of equity funds in Indonesia for the 2015-2018 period.                This study uses a quantitative approach with analysis tests using multiple linear regression tests, where there are three independent variables and one dependent variable. The type of data in this study uses secondary data, in the form of data taken from the official website of Bank Indonesia. The research sample  was determined by purposive sampling method with sample criteria so that it obttained 9 samples of mutual fund products over four years from 2015-2018 so as many as 36 samples of Mutual Fund Products.         Based on the results of analysis technique that have been done, the results of 3 independent variables show that the exchange rate of the rupiah and inflation have no effect the net asset value of mutual fund shares, while the value of SBI interest rates effect the net asset value of stock mutual funds.

scholarly journals Growth and Value Effect on Jakarta Islamic Index: Analysis towards Performance of Sharia Equity Mutual Fund

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Sylva Alif Rusmita ◽  
Marhanum Che Mohd Salleh
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Secondary Data ◽  
Additional Insight ◽  
Risk And Return ◽  
Fund Managers ◽  
Index Analysis ◽  
Asset Value ◽  
Net Asset Value ◽  
Value Effect

This study provides evidence that value and stocks’ growth able to explain Net Asset Value of Shariah Mutual Fund. It is important for investment managers and investors to estimate future profit or loss that may happen on their mutual funds prior they venture into the investment platform. This study therefore is conducted to prove that factors including value and growth may affect the future profit of Shariah Mutual Funds. Based on quantitative analysis with secondary data from companies indexed in the Jakarta Islamic Index and Sharia Mutual Fund from year 2013 to 2017, it is found that both growth and value of stock have equally affected the profit of Sharia Mutual Funds. In addition, growth of stock has a larger R-Square than its value which means that the investors or fund managers would need to observe the stock growth more often than its value in order to predict future profitability of Shariah funds.  It is expected that the results of this study can provide additional insight to investment managers when choosing a portfolio for investors. For investors, this information is useful to predict the risk and return that they will receive from the investment.

scholarly journals A STUDY ON INVESTORS PERCEPTION TOWARDS LARGE-CAP EQUITY ORIENTED MUTUAL FUNDS IN INDIA

2021 ◽  
Vol 9 (11) ◽  
pp. 116-125
Author(s):  
Prakash Yalavatti ◽  
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Secondary Data ◽  
Equity Fund ◽  
Aged People ◽  
Retail Investors ◽  
High Return ◽  
Equity Funds ◽  
Fund Investment ◽  
To Receive

The large-cap equity fund is one of the mutual fund schemes and fund mobilized under this scheme is invested in equity securities of large-capitalized companies. This scheme is highly preferred scheme for investment by those who want to receive reasonably high return with less risk. The present study analyzes the profile, perception and satisfaction level of retail investors in large-cap equity funds. This study is based on both primary and secondary data. The study concludes that the majority of the investors are mid-aged people and men investors are more than women. Most of the investors have graduation and belong to the small saving group. The investors have moderately satisfied with large-cap fund investment on an average basis.

scholarly journals ANALISIS UMUR REKSADANA, EXPENSE RATIO DAN KINERJA REKSADANA SAHAM DI PERUSAHAAN MANDIRI INVESTASI PERIODE 2014-2019

2021 ◽  
Vol 6 (1) ◽  
pp. 1-12
Author(s):  
Muhammad Helmi ◽  
Jumali Jumali
Keyword(s):  
Mutual Funds ◽  
Mutual Fund ◽  
Fund Performance ◽  
Mutual Fund Performance ◽  
Expense Ratio ◽  
Equity Mutual Funds ◽  
Asset Value ◽  
Net Asset Value ◽  
Equity Funds ◽  
One Year

Mutual funds are investment facilities that are used to raise funds from the investor community for further investment in securities portfolios by investment managers, and subsequently invested in stocks, bonds, time deposits, money market, and so on. Mutual fund performance is influenced by the determining factors of whether a mutual fund performs well or poorly, the mutual fund performance factor, namely the first is the age / age of the mutual fund (Fund Age), the second is the comparison between operating costs in one year and the average net asset value in one year (Expense Ratio) and the third is Net Asset Value (NAV). The formulation of the problems in this research are (1) How is the development of the age of equity funds in Mandiri Investasi for the 2014-2019 period? (2) How is the development of the stock mutual fund expense ratio at the Mandiri Investasi period of 2014-2019? net assets (NAV) of equity mutual funds performance at Mandiri Investasi for the 2014-2019 period. This study aims to determine the development of mutual funds age, expense ratio and net asset value (NAV) of the performance of Mandiri Investa Attractive (MITRA) equity funds in Mandiri Investasi for the period 2014-2019. The objects examined in this study are variables in the form of mutual funds age, expense ratio, and mutual fund performance (NAV). Methods of data analysis in this study using descriptive analysis methods. The results of the research conducted were the age development of Mandiri Investa Attraktf (MITRA) equity funds at the Mandiri Investasi company, which experienced an increase in age in 2014-2019. Expense ratio development in 2014-2019 has decreased. And in the development of equity mutual funds performance, namely the net asset value (NAV) in 2014-2019 experienced fluctuations.

scholarly journals INFLATION, BI 7 DAYS REPO RATE, AND JAKARTA COMPOSITE INDEX ON NET ASSET VALUE OF SHARIA MUTUAL FUND

2021 ◽  
Vol 7 (1) ◽  
pp. 113
Author(s):  
Happy Irma Riyanti Prabowo ◽  
Nana Diana
Keyword(s):  
Mutual Fund ◽  
Financial Services ◽  
Linear Regression Analysis ◽  
Composite Index ◽  
Secondary Data ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Asset Value ◽  
Net Asset Value ◽  
Repo Rate

This research purposed to examine the effect of inflation, BI 7 Days Repo Rate (BI7DRR), and Jakarta Composite Index on the net asset value of sharia mutual fund. The method used is the descriptive and derivative method with a quantitative approach, with multiple linear regression analysis to find the relationship between the variables. This study uses purposive sampling as the sampling technique, which is the sharia mutual fund registered in the Financial Services Authority of Indonesia. This research observed the variables in the period of 2016 to 2020 with monthly time series from secondary data. The findings result that partially, inflation has significant effect with negative direction on the net asset value of sharia mutual fund, while the BI7DRR and Jakarta Composite Index has insiginificant impact on the net asset value of sharia mutual fund. This result shows the investment behavior by investor where the inflation rate becomes a consideration whether to put their fund in investment, especially sharia mutual fund or more concern on their consumption. On the other side, the value of BI7DRR and the Jakarta Composite Index does not become investor’s consideration to investing in sharia mutual fund. For simultaneous effect, inflation, BI7DRR, and Jakarta Composite Index have a significant effect on the net asset value of sharia mutual fund for 66%, which shows that the combined economic situation consisting of these factors can affect the movement of the net asset value of sharia mutual fund with a possibility of 66%, while 34% of the possibility left can be affected by variables outside this research.

scholarly journals Pengaruh Inflasi, Nilai Tukar Rupiah, BI Rate Terhadap Net Asset Value Reksa Dana Saham Syariah

2015 ◽  
Vol 2 (12) ◽  
pp. 986
Author(s):  
Ainur Rachman ◽  
Imron Mawardi
Keyword(s):  
Exchange Rate ◽  
Significant Influence ◽  
Equity Fund ◽  
Analysis Techniques ◽  
Simultaneous Test ◽  
Maximum Profit ◽  
Asset Value ◽  
Net Asset Value ◽  
Investment Manager ◽  
Approach Method

This research aims to examine the influence of inflation, Rupiah exchange rate, and BI rate towards Net Asset Value (NAV) Sharia Equity Fund from January 2011 through December 2014. This research used the quantitative approach method. The analysis techniques used is multiple linear regression and the equation is Y = 12,081-1,755(I)-0,131(RER)-84,492(BI rate).Based on the result of t-test, the rupiah exchange rate has a significant influence by the value -3,017. Inflation and BI rate partially has not significant influence to Net Asset Value (NAV) Sharia Equity Fund with result t -0,144 for Inflation and -1,431 for BI rate. The result of simultaneous test showed that inflation, rupiah exchange rate, and BI rate has significant effect to Net Asset Value (NAV) Sharia Equity Fund with significance value 0,004. Thesuggestions was investment manager is to keep attention to macro economic factors such as inflation, rupiah exchange rate, and BI rate. In order to invest in sharia equity fund can contribute a maximum profit.

scholarly journals FAKTOR MINAT DAN PERAN PERKEMBANGAN SUKUK TERHADAP PEMBANGUNAN

2020 ◽  
Vol 6 (1) ◽  
pp. 77-96
Author(s):  
Chandra Satria ◽  
Suandi Suandi
Keyword(s):  
Mutual Funds ◽  
Capital Markets ◽  
Capital Market ◽  
Mutual Fund ◽  
Positive Influence ◽  
Data Sources ◽  
Public Companies ◽  
The Public ◽  
Asset Value ◽  
Net Asset Value

In the period between 2010 and the end of 2018, sharia products, especially sukuk in the Indonesian capital market, have shown quite good development. Total funds under management of sharia mutual funds, or better known as the Net Asset Value (NAV), are recorded at Rp 34.5 trillion. This figure is up by 21.8% compared to 2017. The NAV reflects 6.82% of the total conventional and sharia mutual fund NAV. While the number of Islamic mutual funds that have been circulating in the public, there were 224 mutual funds. This figure increased by 23.1% compared to 2017. The number also reflects 10.7% of the total conventional and sharia mutual funds that have been circulating in public (OJK data sources for 2017 and 2018). In that period, the issuance of sukuk was conducted 104 times by 22 issuers and / or public companies with a total sukuk issuance value of Rp 22 trillion or equivalent to 10.5% of the total bond issuance value. The still low total sukuk issuance value compared to the total bond issuance value shows that there are other factors that influence Issuers / PP's interest in issuing sukuk in addition to regulatory factors related to Islamic capital markets which have had a positive influence on the development of Islamic capital markets, especially sukuk

scholarly journals Faktor-Faktor Yang Mempengaruhi Nilai Aktiva Bersih Reksadana Manulife Syariah Sektor Amanah

2017 ◽  
Vol 4 (2) ◽  
pp. 117
Author(s):  
Yesika Novita Lintang Gumilang ◽  
Leo Herlambang
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Mutual Funds ◽  
Capital Markets ◽  
Strong Influence ◽  
Quantitative Approach ◽  
Study Results ◽  
Asset Value ◽  
Net Asset Value ◽  
Small Investors

Mutual funds can be bridging For Small investors but Want to invest hearts Capital Markets Namely mutual funds, but so far there is hardly any who see mutual funds as part of an attractive investment exceeds savings, deposits, or even stocks.There is factors that affect Net Asset Value namely interest rates and market unsystematic risk. Based on this study proved this study uses a quantitative approach to the study results The results of this study is the Effect of interest rate and market unsystematic risk to Net Asset Value simultaneously significantly.The influence of interest rates on the second partial Net Asset Value significantly, interest rates affect the Net Asset Value of 99.4%, which means have a strong influence on the NAB. The effect of market unsystematic risk on a third partially NAB insignificant. market unsystematic risk affect the NAB amounted to only 66.2%.

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