BRI MI Mutual Fund AUM Reaches IDR 6.3 Trillion

JAKARTA PT BRI Investment Management (BRI-MI) recorded fund management or asset under management (AUM) of mutual funds until January 31, 2024, amounting to 6.1 percent.

This was also supported by the growth of AUM retail investors by 60.80 percent year on year (yoy) to Rp6.33 trillion compared to the same period last year which reached Rp3.94 trillion.

Acting (Plt) President Director of BRI-MI Ira Irmalia Sjam said the positive achievement was a motivation to provide the best investment services and experience to all levels of society in Indonesia.

"Synergy with Bank BRI is one of the main factors in increasing BRI-MI retail investors," he explained in his official statement, Tuesday, January 20.

Based on the number of Single Investor Identification (SID), in January 2024 BRI-MI also experienced a growth of 23.80 percent of retail investors yoy to 215,834 SID compared to January 31, 2023, totaling 174,304 SID.

In terms of products, BRI's Mutual Fund for Balanced Regular Income Fund (BRIF) is one of the mutual fund products at BRI-MI with the most retail ownership portion.

This can be seen from the number of AUMs owned by retail investors as of January 31, 2024, which is 77.33 percent or Rp1.92 trillion of the total BRIF AUM of Rp2.49 trillion.

BRIF's high interest cannot be separated from its unique product feature. As a mutual fund, BRIF not only maximizes its portfolio composition in relatively stable debt securities instruments, but also offers regular dividend payments to investors," said Ira.

For additional information, BRIF mutual funds are one of BRI-MI's leading products in synergy with Bank BRI as the parent company.

Thus, investors who are interested in investing in mutual funds can buy it at the nearest BRI Priority Service Center (SLP).