Analysis Of Mutual Fund Investment Portfolio By Bank Central Asia Pension Fund 2-Stage Data Envelopment Analysis Approach

This study aims to analyze the level of efficiency of each mutual fund product chosen by Bank Central Asia Pension Fund by using the 2-Stage Data Envelopment Analysis DEA method. The data used in this study are secondary data which are quantitative data expressed in numbers. The population in this study were 19 mutual fund products chosen by the BCA Pension Fund DPBCA with a sample of historical data for 3 years starting from January 1 2015 to December 31 2017. The results of the analysis show that of the 19 mutual fund products selected by the DPBCA there were 11 prod-ucts which received an efficiency score of 1.0 or in the efficient category. Furthermore an efficient mutual fund product ranking is conducted using ratings from Infovesta Bareksa and Morningstar to obtain an optimal portfolio.