BP Tapera Appoints 7 MI To Manage Funds, 4 Of Them Himbara Bank

JAKARTA - The People's Housing Savings Management Agency (BP Tapera) has appointed as many as seven investment manager companies (MI) that will manage the allocation of rupification funds.

BP Tapera Commissioner Heru Pudyo Nugroho said that regarding the funds invested participants, BP Tapera collaborated with investment managers to conduct collective investment contracts (KIK).

"We do not have the authority to switch hands directly to the fertilization process, so we cannot directly invest through investment managers because the law has regulated this," he told VOI, Friday, June 14.

Heru conveyed that the reasons for choosing MI based on several parameters and MI must follow investment directions and be controlled by performance every period, while supervision is also carried out by the Financial Services Authority (OJK).

"Then it has been closely selected by referring to OJK regulations from professionals and currently there are 7 Investment Managers that have been in Hire," he explained.

Heru said that as many as seven MIs, namely 4 came from Himbara Bank which consisted of banks under the Ministry of State-Owned Enterprises (BUMN) namely PT Bank Mandiri (Persero) Tbk or Bank Mandiri, PT Bank Rakyat Indonesia (Persero) Tbk or Bank BRI, PT Bank Negara Indonesia (Persero) Tbk or Bank BNI, and PT Bank Tabungan Negara (Persero) Tbk or Bank BTN. As well as PT Schroder Investment Management Indonesia and others, for investment management.

"Mostly 4 from Bank Himbara investment managers from BRI, Mandiri, BTN and BNI banks, as well as PT Schroder Indonesia and others," he said.

According to Heru, BP Tapera has measurable risks in investment policies.

Thus, the stock portfolio in the investment will be very small.

Investment instruments are low-risk, such as money markets, bonds, housing securities, and other safe and profitable investments.

Heru conveyed, in accordance with the provisions of Law Number 4 of 2016 with the Tapera business model, the funds were allocated to 3 (three) types of allocations.

First, the Reserve Fund is around 3 percent-5 percent, this allocation is intended for the provision of payment liquidity for participants who will end their membership period (returning participant savings).

Reserve funds can only be placed in the form of deposits.

Second, the rupification or investment funds amounted to 45 percent to 49 percent. This allocation is intended to increase the return of participants.

This buildup fund is placed on an investment product called the Collective Investment Contract for the Wages of Tapera Funds managed by the Investment Manager appointed by BP Tapera.

Furthermore, thirdly, the housing utilization or financing fund is around 48 percent to 50 percent.

This allocation is intended for housing financing funds for Tapera participants through financial institutions.

This allocation policy is dynamic in accordance with the generating profile of participant funds and sustainable financing sustainability.

"In Law 4 2016, it has been regulated in such a way, 3 BP Tapera businesses from handover, fertilization to utilization, after raising funds, participants will immediately open individual accounts and there is an application Tapera Mobile where participants can see in real time, monitor the number of deposits to rupification," he said.