Berkah Innovation Teknologi, Industri Reksa Dana Bakal Capai Rp1 Kuadrillion Pada 2027

Illustration of mutual fund transactions (Photo: Doc. Antara)

JAKARTA - PT Mirae Asset Sekuritas Indonesia predicts the mutual fund industry in the Indonesian capital market will grow to IDR 1,000 trillion (IDR 1 Kuadrillion) in 2027.

"With IT (information technology) innovation, we believe that the target of the mutual fund industry of IDR 1,000 trillion in 2027 will be easy to achieve, even faster," said Mirae Asset's Head of Wealth Management M Arief Maulana quoting Antara, Thursday, February 9.

He said there are two main factors driving the growth of the mutual fund industry, namely the first is IT innovation from capital market players, with the growth of the financial technology (fintech) industry and the condition of the people who are increasingly technology literate after the COVID-19 pandemic.

He continued the advantages of mutual money market funds over other money market instruments, including tax incentives, no fees for buying and selling, diversified portfolios, liquids because withdrawals of funds can be made at any time, as well as low investment minimum value.

In addition, in the mutual funds of the money market, there are savings instruments, deposits, and the effects of tenor debt in less than a year.

In economic conditions in 2023 with the risk of a global recession, his party advises investors to use asset allocation strategies to deal with the high uncertainty of financial markets, both retail and corporate customers.

Along with that, his party is also optimistic that Mirae Asset Indonesia's mutual fund assets (AUA) will grow faster than industrial growth, which recorded 10 percent growth in the annual majemuk (CAGR) in the last 10 years.

Last year, Mirae Asset Air Force grew 100 percent from IDR 500 billion to IDR 1 trillion.

"This year we are optimistic that AUA's growth can be twice as high as the industrial annual growth considering that the funds managed by the mutual fund industry actually fell last year," said Arief.

He explained that one of the supporters of the company's mutual fund industry growth is the selling agent, in which the company is one of the OJK licensed Fund Securities Selling Agents (APERD) that market selected mutual funds from around 30 partner investment managers.

The Financial Services Authority (OJK) reported that the funds managed by the mutual fund industry reached IDR 504 trillion in 2022, from 2,120 mutual fund products managed by 96 investment managers since the first mutual fund in Indonesia was issued in 1995.

Furthermore, OJK targets the managed funds to grow to IDR 1,000 trillion by 2027.