This research aims to examine the influence of macroeconomic variables namely inflation, rupiah exchange rate, BI rate, and Gross Domestic Product (GDP) towards Net Asset Value (NAV) of Balanced Sharia Mutual Fund from January 2013 through December 2015. This research used a quantitative approach method, and used panel data from January 2013 through December 2015. The analysis techniques used is panel data regression analysis. The results of this research concluded that inflation, rupiah exchange rate, BI rate, and GDP simultaneously has a significant influence to Net Asset Value (NAV) of Balanced Sharia Mutual Fund. Inflation partially has not significant influence to Net Asset Value (NAV) of Balanced Sharia Mutual Fund, rupiah exchange rate and GDP has negative and significant effect to Net Asset Value (NAV) of Sharia Balanced Fund, while BI rate has positive and significant influence to Net Asset Value (NAV) of Balanced Sharia Mutual Fund.