PENGARUH KEBIJAKAN ALOKASI ASET DAN TINGKAT RISIKO TERHADAP KINERJA REKSA DANA DI INDONESIA (PERIODE 2016-2018)

This study aims to determine, explain and analyze the effect of asset allocation policies risk levels on performance Islamic mutual funds in Indonesia (Period 2016-2018). The independent variable this is Asset Allocation Policy Risk Level, while dependent Performance Sharia Mutual Funds. sample selection technique used purposive sampling 10 samples funds. method calculate Sharpe Ratio. quantitative methods with descriptive approach verification by statistical tests, classic assumption, multiple linear regression analysis, coefficient determination, hypothesis testing using Software SPSS 16. results show that policy variables level has a positive significant impact registered OJK still active 2016-2018 period. determination test value Adjusted R Square 0.461. 46.1% state can variable, remaining 53.9% explained other factors not examined study.