This collaboration brings five flagship mutual fund products from Syailendra Capital.

Jakarta, August 12, 2024 - Mutual funds are becoming increasingly popular and are now one of the top choices for domestic capital market investors. This is reflected on data from the Indonesian Central Securities Depository (KSEI) as of June 2024 that shows there were 12.3 million mutual fund investors (around 94% of the total number of capital market investors in Indonesia). This figure increased by more than 115% compared to that in 2021 and is expected to continue growing as the investment climate in the domestic market is becoming more mature. However, according to data from the Indonesia Financial Services Authority (OJK) in 2022, financial literacy and inclusion, especially the capital market, is still low.

Furthermore, assets under management (AUM) or gross domestic product (GDP) in Indonesia is among the lowest at 3.7% (compared to the average figure in ASEAN that reaches double digits). Moreover, according to the latest data released by the Financial Services Authority (OJK), as of August 2024, financial inclusion dropped to 75.0% (vs. 2022: 85.1%) despite an increase in literacy to 65.4% (vs. 2022: 49.7%).

This condition underscores the importance of the collaboration between PT Bank BTPN Tbk (Bank BTPN) and investment manager Syailendra Capital to enhance capital market literacy and inclusion, particularly in mutual funds. This partnership is marked with the onboarding of Syailendra Capital as one of the investment managers accessible on the application of Jenius from Bank BTPN.

Syailendra Capital's Chief Executive Officer, Fajar R. Hidayat, said, "The growing number of mutual fund investors indicates a positive trend. This should be welcomed by industry players through, among them, a collaboration and the provision of investment services that are easily accessible, safe, and reliable. This is the driving force behind the collaboration between Syailendra Capital and Bank BTPN."

Jenius users can access five flagship mutual fund investment products from Syailendra Capital, namely:

1. Syailendra Dana Kas, categorized as a Money Market Mutual Fund (RDPU), is intended for investors with a conservative risk profile due to the product's minimal volatility, making it ideal for short-term investment targets (1 year) due to its high liquidity.

2. Syailendra Pendapatan Tetap Premium (SPTP), categorized as a Fixed-Income Mutual Fund (RDPT), focuses on allocating 80%—100% of funds to Debt Securities (Bonds) issued by the Government or Corporations. As of June 28, 2024, 63% of the funds were allocated to Corporate Bonds. This product is ideal for medium to long-term investment time horizons.

3. Syailendra Fixed Income Fund (SFIF), also categorized as a Fixed-Income Mutual Fund (RDPT), allocates 80%—100% of funds to Government Bonds (SUN), Sukuk, and Corporate Bonds. As of June 28, 2024, 94.5% of the portfolio was focused on government bonds.

4. Syailendra MSCI Value Index Fund (SMSCI) Class A, categorized as an index mutual fund that refers to the MSCI index, comprises undervalued (misprice) stocks with the potential to deliver optimal long-term performance. As of June 28, 2024, 56% of the funds were allocated to the banking sector (big banks).

5. Syailendra Equity Opportunity Fund (SEOF) Class A, categorized as an equity mutual fund managed with a concentration strategy to achieve returns exceeding the JCI (IHSG).

"Bank BTPN is committed to providing comprehensive financial solutions and services to various customer segments with the support of digital technology," said Bank BTPN's Deputy President Director, Darmadi Sutanto.

"Therefore, we consistently select the investment products available on our platform for our customers. Syailendra Capital meets the investment needs of our customers, considering its track record of over 17 years, consistent product performance  exceeding  benchmarks,  and  relevant  product  variations," Darmadi added.

Users interested in purchasing Syailendra Capital mutual fund products can access the 'Investment' feature in the Jenius app. The initial capital required to invest in Syailendra Capital mutual fund products is affordable, starting from Rp10,000.

Users also can easily monitor their portfolio performance by accessing the Wealth page on the Jenius application. Here, information such as the total investment owned (Total Investment) and return information in rupiah, along with its percentage value (Total Investment Return), can be monitored directly in the application.

This collaboration is also part of Jenius's 8th anniversary celebration, themed "Hoki Go Lucky." Every user who purchases Syailendra Capital mutual fund products for a minimum of Rp1,000,000 through the Jenius app will receive a cashback of Rp88,888. This offer is only available to the first 888 fastest users and is provided to selected users who make transactions throughout August.

Certified Financial Planner Aline Wiratmaja added, "Collaboration between industry players like this should be welcomed positively as these parties have taken active steps in providing easy access to investing. Massive education efforts are also necessary so that Indonesians can have better financial literacy, avoiding online gambling practices or other fraudulent investment schemes."

Share