Bahana TCW Investment: Investors Will Not Be Subject To Revenue Tax Fees In All Types Of Mutual Funds

Illustration. (Photo: Unsplash)

JAKARTA - Head of Marketing Communication Bahana TCW Investment Management Novianita Pertiwi said investors will not be subject to tax returns in all types of mutual fund products offered by all investment managers in Indonesia.

"Indirectly, taxes have been borne by mutual fund products through invested assets, so that investors are no longer subject to tax cuts for their profits," Novianita said in an official statement in Jakarta, quoted from Antara, Friday, September 22.

Public interest in mutual funds continues to increase, as reflected in the growth of industrial managed funds that have always increased. The Financial Services Authority (OJK) noted that until the end of August 2023, the total fund management fund reached IDR 844.47 trillion, an increase of 2.05 percent since the beginning of the year.

In addition to being tax-free, investing in mutual funds can start with an affordable nominal and can be withdrawn at any time, without waiting for maturity.

Investors can also choose various choices, mutual money for example, where the majority placement of funds is in deposits or bonds due under one year.

"Make sure when you are going to invest, you choose investment managers who are already registered with the Financial Services Authority and are quite experienced so that your investment returns are maximized and safe," he said.

Raksa dana pendapatan tetap lebih banyak ditempatkan pada surat utang baik milik negara maupun bondasi korporasi. Sedangkan pada mutual dana saham, penempatkan dana lebih banyak pada saham-saham pilihan yang telah ditetapkan oleh manajer investasi profesional.

Although mutual funds are not a tax object, investors need to know that there are other costs imposed on investors when investing in mutual funds.

These costs start from unit purchase fees, re-sale fees if investors want to release their mutual funds to unit transfer fees if investors feel the need to change their investment options from the original one. However, if investors do not interfere with their choices, then these costs will not be charged.

"These costs can differ between mutual funds and other mutual funds, as well as between one investment manager or selling agent for mutual fund securities and another. Investors can see all these types of costs in the information disclosure document of each mutual fund," he said.

Although mutual funds are not taxed, everyone who has it is required to report it in the tax Annual Notification Letter (SPT), because mutual funds are investment instruments that are included as assets, similar to land, houses, deposits and other assets.

Bahana TCW is a subsidiary of a State-Owned Enterprise (BUMN), Indonesia Financial Group (IFG) and a Global Investment Manager Company from Los Angeles, United States, Trust Company of the West (TCW).

Bahana TCW is the investment manager with the largest mutual fund management fund in Indonesia, with mutual fund product assets managed reaching IDR 48.25 trillion as of August 2023 (excluding KPD/Kontrak products for Fund Management and products of RDPT/Reksa Limited Participation Funds).

In 2023, Bahana TCW will again receive the title of Best Asset & Fund Manager in Indonesia for nine consecutive years at the Alpha Southeast Asia Awards from 2015 to 2023.