The evaluation of equity mutual fund performance and identification factors that affect mutual
fund performance is of great interest to an investor in Indonesia. This study investigates the
performance of equity mutual fund by using risk-adjusted performance proposed by Treynor
(1965) and examines factors affecting mutual fund performance by using the ability of
investment manager (market timing and stock selection skill), fund size, and inflation. To
achieve the objectives of this study, a total of 19 equity mutual funds was selected using …