Application of Analytical Hierarchy Process to Evaluate Ten Years of Mutual Fund Performance in Indonesia

Background – Mutual funds are one of the investment instruments whose popularity is increasing every year. Throughout August 2020 all types mutual showed positive performance and equity became that had highest among other funds. Investors must be observant careful in choosing which worth buying have best so risk loss can minimized. The decision-making process not easy, a tool called Analytical Hierarchy Process (AHP) needed. 
 Purpose This study aims to analyze as consideration for investors with Risk Adjusted Return (RAR) method, Sharpe Ratio, Treynor Jensen Alpha. Design / Methodology Approach research approach quantitative. population this then sampled criteria more than 10 years having largest Asset Under Management (AUM) December fund product representing an manager. data analyzed primary secondary data. analysis method uses alternative Result Discussion Based on results analysis, it shows RAR criterion most consistency assessing result also supported by opinions several competent managers regarding respondents study. overall selecting terms 4 used show FWD Dividend Yield Equity Fund choice inconsistency shown less ten percent, means comparison valid consistent. Conclusion AHP has superior compared eight final weight 0.155. Research Implication basis making decisions know information using criteria. Limitations limitations related criteria, namely (RAR), Alpha only funds, developed or adding sub-sub-criteria, use alternatives.