This research is to evaluate the performance of Indonesia equity mutual fund using the snail trail
method. The data used in this research is secondary data that consist of the daily net asset value
of the Indonesia equity mutual funds, daily price of the Indonesian Composite Index and the
name of the Indonesia equity mutual funds listed as active equity mutual fund announced by
Bapepam for the period of January 2006 until December 2010. The total samples are 16 equity
mutual funds. The performance evaluation is based on the risk and return calculation.