JAKARTA - PT Bank Central Asia Tbk (BCA) together with PT Batavia Prosperindo Asset Management (BPAM), as investment manager, launched the Mutual Fund Batavia Index Pefindo i-Grade (BIPI) which is expected to increase public interest in investing.
"In investing, portfolio diversification is needed to minimize investor risk. For this reason, we hope that the presence of this latest mutual stock index fund will increase investment product options for customers and the public," said BCA Director Haryanto T. Budiman in a statement, quoted from Antara, Monday, July 22.
He said that the BIPI mutual funds were the mutual funds for the second stock index launched in the BCA ecosystem.
The release of these investment products, he continued, also aims to accommodate public investment interests that continue to grow positively, as can be seen from the growth in BCA's wealth management funds which grew by more than 40 percent year-on-year (yoy) as of March 2024.
Customers can get these mutual fund products through the Welma feature in myBCA starting from IDR 10,000, as well as in a number of BCA branch offices that serve mutual fund transactions.
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BPAM President Director Lilis Setiadi said that the BIPI Mutual Funds invested in the shares of companies included in the Pefindo i-Grade index, an investment index launched and managed by PT Bursa Efek Indonesia (IDX) and in collaboration with PT Pemeringkat Efek Indonesia (Pefindo).
He said that the shares include 30 stocks that have an investment rating from Pefindo with idAA level to idBB- and have been selected based on certain criteria by the rating company.
"We believe that the BIPI Mutual Fund can be an alternative for investors who have long-term investment horizons and like management that follows the index," he added.
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