Mutual Funds: Don't Buy Investments in Sacks

Mutual funds are investment products that are increasingly affordable in line with the latest technological developments. The number of mutual fund investors has also grown significantly from year to year.
Data from the Indonesian Central Securities Depository (KSEI) shows that the number of single investor identification (SID) mutual funds reached 3.9 million by the end of June 2021. That number increased by 55% year to date. On the other hand, there are more and more mutual fund products circulating in the market as investment interest in mutual fund instruments grows rapidly from year to year. Based on data from the Financial Services Authority, currently there are at least 2,419 mutual fund products from 98 investment managers who are officially registered and sold through 71 mutual fund selling agents (APERD) in Indonesia. Mutual fund investment has also been fenced off with a number of strict regulations by the authorities. But in fact, a number of mutual fund cases still occur. Therefore, since last year the authorities have required MI to list its largest securities in the fund fact sheet so that investors do not buy 'investment in sacks', aka blind to the contents of the mutual fund portfolio. Apart from that, there are a number of other tools that can be used to evaluate mutual fund products. Chief Research and Business Development Officer of PT Bareksa Portal Investasi (Bareksa) Ni Putu Kurniasari said, before looking at returns or yields and statistical indicators of mutual fund performance, first choose a trusted investment manager (MI). According to him, it is important to check whether the MI is among the 15-20 investment managers with the largest funds under management. Also pay attention to the track record of reporting on the MI. Panin Asset Management Director Rudiyanto said that in choosing mutual fund products, it is necessary to emphasize that investors must diversify their assets. Do not put all their funds in one particular asset class, let alone aggressive ones such as stock asset classes.

|•SOURCE•| Articles :BISNIS | Image :MANDIRI |

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