Mutual Fund

1. Mutual Fund Selling Agent

Bank Mandiri is registered as a Mutual Fund Agent by the Financial Services Authority (OJK) under Registration Certificate No. 07/BL/STTD/APERD/2007, dated 21 February 2007

2. About Mutual Fund

  1. Mutual Fund

    A Mutual fund is a vehicle for pooling public funds for investment in a portfolio of securities managed by a fund manager

    The most common types of mutual fund are as follows:

    • Conventional/Open Ended Fund

      An open ended fund is a mutual fund which can be subscribed to or redeemed by an investor on each bourse trading day, depending on the purpose of investment, the time horizon and investor risk profile.

      Open-ended funds consist of the following:

      • Money Market Mutual Fund

        A mutual fund that invests 100% of its portfolio in money-market instruments with maturities less than 1 (one) year.

      • Fixed Income Mutual Fund

        A mutual fund that invests at least 80% (eighty percent) of its portfolio in fixed income instruments.

      • Balanced Fund

        A mutual fund that invests in equities, fixed income instruments and money market instruments, with investments in equities and fixed-income instruments being mandatory and each investment category accounting for not more than 79% (seventy-nine percent) of its total portfolio.

      • Equity Fund

        A mutual fund that invests at least 80% (eighty percent) of its portfolio in equities.

    • Close Ended or Structured Fund

      Structured Fund is a mutual fund that can only be subscribed or redeemed by an investor only on a certain period of time as determined by Fund Manager.

      The types of Structured Fund are as follows:

      • Protected Fund

        A Mutual Fund that provides protection for the investor’s initial investment through its portfolio management mechanism. In order to provide protection for the initial investment, the Fund Manager of a Protected Mutual Fund invests part of its portfolio in investment-grade fixed income instruments so that the value of these instruments at maturity date will at least be able to cover the protected amount.

      • Guaranteed Fund

        A Mutual Fund that provides security through a guarantee that the investor will at least receive an amount equal to the initial investment at maturity date as long as the requirements are met. Such security is provided through the appointment of a Guarantor, which is an institution that underwrites the investment and has obtained a license from the regulator.

      • Index Fund (Index Tracker)

        A Mutual Fund whose portfolio consists of equities that form part of a group of equities in an index that is being tracked, where at least 80% (eighty percent) of the Fund’s Net Asset Value (NAB) is invested in equities that are grouped in the said index. Shares in an Index Fund may be purchased or redeemed by the investor on each bourse trading day.

  2. Fund Manager

    A Fund Manager is responsible for managing an investment portfolio for its investors or managing a collective investment portfolio for a group of investors, except for insurance companies, pension funds, and banks that manage their own businesses based on the applicable laws and regulations.

    Bank Mandiri works together with 9 (nine) Fund Managers:

    1. PT. Bahana TCW Investment Management
    2. PT. Batavia Prosperindo Aset Manajemen
    3. PT. Danareksa Investment Management
    4. PT. Mandiri Manajemen Investasi
    5. PT. Manulife Aset Manajemen Indonesia
    6. PT. Schroder Investment Management Indonesia
    7. PT. Ashmore Asset Management Indonesia
    8. PT. Kresna Asset Management
  3. Custodian Bank

    A Custodian Bank provides custodian service for securities and other assets related to securities, as well as other services, including processing payments of dividends and interest, etc, settling securities transactions, and representing its customer accountholders.

  4. Mutual Fund Agent (APERD)

    A Mutual Fund Agent sells shares in a mutual fund based on an agreement with the Fund Manager.

  5. Mutual Fund Agent Sales Representative (WAPERD)

    A Mutual Fund Agent Sales Representative is an individual licensed by the OJK to sell Mutual Funds.

  6. Endowment Fund

    An Endowment Fund is a balanced investment vehicle whose income must be used for specific not-for-profit purposes, such as natural disaster relief, environmental conservation, and religious, cultural, educational and other not-for-profit activities.

    • Endowment Funds consist of the following types:
      • True Endowment Fund
        • Established by the donors;
        • Investment principal can not be redeemed;
        • The income on the investment may only be used by not-for-profit organizations;
        • Example: Dana Abadi Umat (Religious Community Endowment Fund) established by the Government of Republic of Indonesia.
      • Term Endowment Fund
        • Established by the donors;
        • Investment principal and investment returns/profits can be redeemed based on specifications as stipulated by the donors;
        • Example: Funds given by USAID as a donor to Yayasan KEHATI (KEHATI Foundation).
      • Quasi Endowment Fund
        • Established by non-profit organizations;
        • Investment principal and investment returns/profits can be redeemed based on specifications as stipulated by the organization’s board of management;
        • Example: Reksa Dana Ganesha Abadi (Ganesha Abadi Mutual Fund) which is formed by Ikatan Alumni ITB (ITB Alumni Association).
    • Types of Endowment Fund Investment offered through Bank Mandiri:
      • Platinum – the entire investment principal and income are channeled into the Endowment Fund;
      • Gold (referred to by other Fund Managers as “Diamond”) – All investment income is channeled into the Endowment Fund, while the principal remains the property of the investors;
      • Silver (referred to by other Fund Managers as “Emerald”) – 50% of the investment income is channeled into the Endowment Fund while the principal and the other 50% of the investment income remains the property of the investors;
      • Regular (referred to by other Fund Managers as “Ruby”) – Both the principal and the income are the property of the investors. However, the investors continue to contribute through a sharing management fee that is channeled by the Fund Manager to the initiating parties, calculated based on Net Asset Value (NAB).
    • Endowment Fund offered through Bank Mandiri:
      No
      Name of Mutual Fund
      Investment Manager
      Type of Investment
      Asset Class
      1 Ganesha Abadi PT. Bahana TCW Invesment Management Regular, Silver, Gold, Platinum Fixed Income
      2 Kehati Lestari PT. Bahana TCW Invesment Management Regular, Silver, Gold, Platinum Fixed Income
      3 Makara Prima PT. Bahana TCW Invesment Management Regular, Silver, Gold, Platinum Fixed Income

3. Mutual Fund Products & Prospectus

Bank Mandiri sells 5 (five) asset-based classes of open-ended Mutual Funds. Prior to subscribing to a Mutual Fund, a prospective investor is required to read the relevant Mutual Fund prospectus. To investor convenience, a Mutual Fund prospectus may be downloaded by clicking on the name of the Mutual Fund.

Check mutual funds product summary here

  • Money Market Fund
    No
    Name of Mutual Fund
    Bank Custodian
    Investment Manager
    Monthly Performance Report and Prospectus
    1 Batavia Dana Kas Maxima Standard Chartered Bank PT.Batavia Prosperindo Aset Manajemen link
    2 Seruni Pasar Uang II Citibank, NA PT. Danareksa Investment Management link
    3 Mandiri Investa Pasar Uang Deutsche Bank AG PT. Mandiri Manajemen Investasi link
    4 Manulife Dana Kas II Deutsche Bank AG PT. Manulife Aset Manajemen Indonesia link

  • Fixed Income Fund
    1. Denominated in IDR (Indonesian Rupiah)
       No
      Name of Mutual Fund
      Bank Custodian
       
      Investment Manager
      Monthly Performance Report and Prospectus
       
      1 Mandiri Investa Dana Utama Deutsche Bank AG PT. Mandiri Manajemen Investasi link
      2 Mandiri Investa Dana Obligasi Seri II Deutsche Bank AG PT. Mandiri Manajemen Investasi link
      3 Manulife Obligasi Negara Indonesia II Deutsche Bank AG PT. Manulife Aset Manajemen Indonesia link
      4 Manulife Pendapatan Bulanan II Deutsche Bank AG PT. Manulife Aset Manajemen Indonesia link
      5 Schroder Dana Andalan II Deutsche Bank AG PT. Schroder Investment Management Indonesia link
      6 Schroder Dana Mantap Plus II Deutsche Bank AG PT. Schroder Investment Management Indonesia link
      7 Ganesha Abadi Standard Chartered Bank PT. Bahana TCW Invesment Management link
      8 Kehati Lestari Standard Chartered Bank PT. Bahana TCW Invesment Management link
      9 Makara Prima BII PT. Bahana TCW Invesment Management link
    2. Denominated in USD (United States Dollars)
       No
      Fund Name
      Custodian
      Fund Manager
      Monthly Performance Report and Prospectus
      1 Danareksa Melati Premium Dollar Citibank, NA PT. Danareksa Investment Management link
      2 Investa Dana Dollar Mandiri Standard Chartered Bank PT. Mandiri Manajemen Investasi link
      3 Schroder USD Bond Fund Deutsche Bank AG PT. Schroder Investment Management Indonesia link

  • Balanced Fund
    No
    Name of Mutual Fund
    Bank Custodian
    Investment Manager
    Monthly Performance Report and Prospectus
    1 Danareksa Syariah Berimbang Citibank, NA PT. Danareksa Investment Management link
    2 Mandiri Investa Syariah Berimbang Deutsche Bank AG PT. Mandiri Manajemen Investasi link
    3 Mandiri Investa Aktif Deutsche Bank AG PT. Mandiri Manajemen Investasi link
    4 Manulife Dana Campuran II Deutsche Bank AG PT. Manulife Aset Manajemen Indonesia link
    5 Rd BNP Paribas Spektra (Cp) Deutsche Bank AG PT. BNP Paribas Investment link
    6 Schroder Dana Terpadu II Deutsche Bank AG PT. Schroder Investment Management Indonesia link
    7 Batavia Dana Dinamis Deutsche Bank AG PT. Batavia Prosperindo Aset Manajemen link
    8 Bahana Dana Infrastruktur Deutsche Bank AG PT. Bahana TCW Invesment Management link
    9 Bahana Quant Strategy Citibank, NA PT. Bahana TCW Invesment Management link
    10 BNP Paribas Equitra Deutsche Bank AG PT. BNP Paribas Investment link
    11 Schroder Syariah Balanced Fund Deutsche Bank AG PT. Schroder Investment Management Indonesia link
    12 Kresna Flexima Standard Chartered Bank PT. Kresna Asset Management link
  • Equity Fund
    1. Denominated in IDR (Indonesian Rupiah)
    2. No
      Name of Mutual Fund
      Bank Custodian
      Investment Manager
      Monthly Performance Report and Prospectus
      1 Danareksa Mawar Citibank, NA PT. Danareksa Investment Management link
      2 Danareksa Mawar Fokus 10 Citibank, NA PT. Danareksa Investment Management link
      3 Danareksa Mawar Konsumer 10 Citibank, NA PT. Danareksa Investment Management link
      4 Mandiri Investa Atraktif HSBC PT. Mandiri Manajemen Investasi link
      5 Mandiri Investa Atraktif Syariah Deutsche Bank AG PT. Mandiri Manajemen Investasi link
      6 Mandiri Investa Ekuitas Dinamis Deutsche Bank AG PT. Mandiri Manajemen Investasi link
      7 Mandiri Investa Equity Dynamo Factor Citibank, NA PT. Mandiri Manajemen Investasi link
      8 Mandiri Investa Ekuitas Syariah Deutsche Bank AG  PT. Mandiri Manajemen Investasi link
      9 Manulife Dana Saham Deutsche Bank AG PT. Manulife Aset Manajemen Indonesia link
      10 Schroder Dana Prestasi Plus Deutsche Bank AG PT. Schroder Investment Management Indonesia link
      11 Schroder Dana Prestasi Citibank, NA  PT. Schroder Investment Management Indonesia link
      12 Schroder 90 Plus Equity Fund Citibank, NA PT. Schroder Investment Management Indonesia link
      13 Schroder Dana Istimewa HSBC PT. Schroder Investment Management Indonesia link
      14 Batavia Dana Saham Deutsche Bank AG PT. Batavia Prosperindo Aset Manajemen link
      15 Batavia Dana Saham Optimal Deutsche Bank AG PT. Batavia Prosperindo Aset Manajemen link
      16 BNP Paribas Ekuitas Deutsche Bank AG PT. BNP Paribas Investment Partners link
      17 BNP Paribas Star Deutsche Bank AG PT. BNP Paribas Investment Partners link
      18 BNP Paribas Infrastruktur Plus Citibank, NA PT. BNP Paribas Investment Partners link
      19 Manulife Syariah Sektoral Amanah HSBC PT. Manulife Aset Manajemen Indonesia link
      20 Ashmore Dana Progresif Nusantara HSBC PT. Ashmore Asset Management Indonesia link
      21 Dana Ekuitas Prima Citibank, NA PT. Bahana TCW Investment Management link

  • Denominated in USD (United States Dollars)
    No
    Fund Name
    Custodian
    Fund Manager
    Monthly Performance Report and Prospectus
    1 Manulife Greater Indonesia Fund Deutsche Bank AG PT. Manulife Aset Manajemen Indonesia link

  • Index Fund
    No
    Name of Mutual Fund
    Bank Custodian
    Investment Manager
    Monthly Performance Report and Prospectus
    1 Danareksa Index Syariah Citibank, NA PT. Danareksa Invesment Management link

4. Mutual Fund Transaction Facilities

In order to further enhance our services to investors, Bank Mandiri provides additional facilities for mutual fund transactions, including:

  • Mutual Fund Installment Plan

    Investors can avail of our Installment Plan to make regular purchases of additional shares in Mutual Funds. This facility allows investors to purchase top ups from time to time without having to visit a Mandiri branch. The investor’s bank account is automatically debited (on bourse trading days) in accordance with the size and date of the subscription, as determined by the investor.

    This facility provides a very useful tool for financial planning whereby future financial needs or objectives can be fulfilled by making regular investments.

  • Installment Plan Advantages

    1. Provides a means to start investing early, encourages disciplined investment, and can be used as a way of investing to cover the future education of one’s children through the purchase of a QQ installment plan.

    2. Provides greater convenience in conducting Mutual Fund transactions as the customer only has to visit a Bank Mandiri branch once for the initial transaction, with subsequent top-up transactions being conducted automatically by the Bank’s system.

    3. Provides flexibility whereby the investor can determine the amount of his or her regular monthly investments and the date of debiting. It also provides a wide range of investment choices so that the investor can determine his or her asset allocations so as to diversify investment risk.

    4. Provides a means to implement the concept of "dollar cost averaging," whereby the investor can minimize risk due to fluctuations in the NAV/unit. Through the Bank Mandiri installment plan, the average investment purchase price will be better compared to once-off purchases as there is no way of knowing for sure whether current market conditions are above or below average.

5. Tips for Investing

Bank Mandiri always stresses the following 5 (five) tips for investing:

  • Investment Objectives

    Identify the objectives of your investment. Choose the fund that provides the level of return or growth that you expect.

  • Time Horizon

    Identify the time horizon that is needed to achieve your investment objectives.

  • Risk Profile Get to know the potential gains and risks involved in the investment.

    Note:

    • High Risk – High return
    • Low Risk – Low Return
  • Asset Allocation

    Do the diversification to obtain optimum portfolio.
    Remember: ”Never put your eggs in one basket”.

  • Periodic Review

    Monitor your investment portfolio regularly in order to determine the optimum strategy so as to maintain your expected level of return.

6. The Advantages of Investing in Mutual Fund

  • Diversification

    Mutual Fund puts its investment portfolio in various instruments, such as money market, government and corporate bonds, and equities. This diversification results in lower risk of portfolio investment.

  • Professional Fund Manager

    Mutual Funds distributed through Bank Mandiri are managed by a reputable Fund Managers whose license of an Investment Manager Representative (WMI) from BAPEPAM-LK. These Professional Fund Managers will carry out his tasks in allocating investments based on prospectus as well as investment objectives in order to obtain targeted returns.

  • Highly Liquid

    A major advantage of investing in mutual funds is enhanced liquidity, whereby the investor can redeem his or her units on each bourse trading day prior to the cut-off time, while the Fund Manager is obligated to repurchase the units and pay the amount due within T + 7 bourse trading days.

  • Convenience and Simplicity

    Mutual fund transaction can be done easily through Bank Mandiri. Simply by opening a savings account in Bank Mandiri, the investors can start mutual fund transactions.

  • Transparency

    Financial and portfolio report are available through Fund Fact Sheet. The fund fact sheet is available regularly to ensure the transparency of investment in mutual fund. The investors are able to find out the composition of the portfolio and the performance of their mutual funds.

7. Risk Profile

Knowing your risk profile is important before deterimining the investment objectives. Everyone has different risk profile. The following are the risk profiles and investment objectives:

  • Conservative (Risk Averse)
    • Aiming to preserve the capital and current income;
    • Growth of invested funds is not the objective;
    • Tend to avoid investment risks;
    • Opt for short-term investment instrument.
  • Balanced
    • Wants to obtain returns quickly;
    • Investment growth is the objective;
    • Tendency to avoid investment risks;
    • Opts for short- to mid-term investment instruments.
  • Moderate
    • Wants to obtain returns quickly;
    • Investment growth is the objective;
    • Moderately tolerant of investment risk and opts for mid-term instruments
  • Growth-orientated
    • Quick returns are not the immediate objective;
    • Aims to achieve investment growth;
    • Highly tolerant of investment risks and opts for mid- to long-term investment instruments
  • Agressive (Risk Lover)
    • Quick returns are not the objective;
    • Aims to achieve significant investment growth;
    • Highly tolerant to investment risks;
    • Opt for long-term investment instrument

7. Investment Risks

All investments, including Mutual Fund investments, entail risk. The risks related to investing in Mutual Funds include:

1. Risks related to economic and political conditions

2. Risk of fall in unit price

3. Liquidity-related risks

4. Default-related risks

5. Market risks

6. Risks related to legal and legislative changes.

7. Other risks, as set out in the relevant Mutual Fund prospectus.

  • Disclaimer: A mutual fund is a capital market product, not a Bank Mandiri product, and does not come within a scope of government guarantee program of savings protection schemes. Post performance is not indication of future performance. Investing in Mutual Fund involves risk. Before investing in Mutual Fund, the prospective investor should first carefully read and understand the Mutual Fund Offering Prospectus. Confirmation of an investment in a Mutual Fund will be issued by Custodian Bank and a valid certificate of ownership of a share in the Mutual Fund shall constitute such confirmation on the part of the Custodian Bank.

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