A Comparison of Fund Performance between Long Term Equity Fund, Retirement Mutual Fund and Super Saving Fund

Abstract

The study's objectives were to compare mutual fund performance as well as yields of long-term equity funds (LTF), retirement mutual funds (RMF), and super saving funds (SSF) between two observation periods: before and after COVID-19. This study uses the measurements of Sharpe Ratio, Treynor Ratio, Jensen’s Alpha, and Value at Risk. The measurement used Net Asset Value (NAV) for LTF, RMF, and SSF from 1 January 2017 to 31 March 2022. The summary of this study is that the operation of mutual funds, according to Sharpe ratio, Treynor Ratio, and Jensen’s Alpha gauges, provides consistent performance sequencing results. The best operational efficiencies are KKP SmartMV LTF, TEGRMF, and UOBEQ-SSF. In terms of VaR, EP-LTF, TMSRMF-B, and BEQSSF have the best performance because the fund has a majority stake in energy and polluting groups, commercial groups, banking groups, and deposit groups. There is a significant increase in volatility periods than other funds. However, the Long Term Equity Fund (LTF) has been canceled since December 2019 and the Super Saving Fund (SSF) was developed instead. As a result, in this study, Super Saving Fund (SSF) can be used instead of LTF because the yield and risk are higher than long-term equity fund (LTF), and investors should research investment policies.