JAKARTA Stock markets and bonds in Indonesia continue to show positive developments with increasing investment opportunities for the public. Data from the Indonesia Stock Exchange noted that the number of investors in the Indonesian capital market reached 13.6 million in August 2024, showing an increased interest in investment among the public.
In addition, the total assets recorded at the Indonesian Central Securities Depository (KSEI) also grew by 6% from IDR 7,744 trillion in 2023 to IDR 8,553 trillion in August 2024.
Seeing this trend, PT Bank Tabungan Negara (Persero) Tbk (BTN) established a strategic partnership with Syailendra Capital, one of the 10 largest investment manager companies in Indonesia. This collaboration allows BTN to offer two superior mutual fund products Syailendra digitally through the BTN Mobile application and through direct distribution by BTN professionals in various big cities in Indonesia.
Director of SME and Retail Funding BTN, Muhammad Iqbal, stated that the synergy with Syailendra Capital is expected to be able to strengthen the choice of mutual fund investment in accordance with the risk profile and characteristics of customers. "This collaboration is expected to increase the Asset Under Management (AUM) of BTN Mutual Funds by more than 20% until the end of this year compared to the previous year," Iqbal said in a press conference entitled "Riding Market Momentum Through A Diversified Wealth Portfolio" in Jakarta, Thursday, September 26, 2024.
The mutual fund products offered are Premium Fixed Revenue Syailendra (SPTP) for customers with moderate risk profiles, as well as Syailendra MSCI Indonesia Value Index Fund (SMSCI) for customers with aggressive risk profiles. BTN Mobile Feature Facilitates Access to Mutual Funds
Iqbal explained that BTN took advantage of the 'Reksa Dana' feature that has been launched in the BTN Mobile application since two months ago. This feature makes it easier for customers to make purchases, sales, and monitor real-time investment portfolios. In addition, BTN also relies on certified professionals in 57 Priority BTN outlets spread throughout Indonesia to serve customers.
"We hope that this cooperation will make the mutual fund transaction of BTN customers continue to grow. In Semester I 2024, our mutual fund AUM has increased by more than 15% and the number of customers who have mutual fund products has increased by 10%," added Iqbal. Until now, Syailendra's products marketed in BTN have recorded sales of more than Rp80 billion. BTN targets an increase in mutual fund AUM by 20% on an annual basis and the growth of customers who have mutual fund products of up to 15% YoY.
BACA JUGA:
Synergy between BTN and Syailendra Capital
On the other hand, Harnaugama, Marketing Director of Syailendra Capital, welcomed this collaboration. According to him, the increase in assets in the stock market and bonds shows that more and more people are starting to realize the importance of investment. "Cooperation with BTN provides wider access for the community to choose a safe and reliable mutual fund product, especially with the presence of the Mutual Fund feature in BTN Mobile," he said.
Furthermore, Harnaugama explained that Syailendra MSCI Indonesia Value Index Fund (SMSCI) is an index mutual fund that focuses on undervalued blue chip stocks, with a target to produce optimal performance in the long term. Over the past three years, SMSCI recorded a return of 30.85%, higher than the combined stock price index (IHSG) which performed 26.58% in the same period.
Meanwhile, Syailendra Premium Fixed Revenue (SPTP) is a fixed income mutual fund that allocates 80%-100% of the government and Corporate bonds. Over the past three years, SPTP recorded a return of 18.87%, outperforming the fixed income mutual fund index which performed 10.34% in the same period.
Prospects Of Mutual Fund Investment In BTN
This strategic collaboration is expected to expand investment access for the wider Indonesian people. "We are optimistic that with this collaboration, public awareness of the importance of investment in the capital market can continue to increase, and BTN can become the customer's top of mind in investing mutual funds," concluded Iqbal.
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