Heaptalk, Jakarta — Investment company Syailendra Capital, in collaboration with PT Bank Victoria International, Tbk, aims to elevate capital market literacy and inclusion by launching four flagship mutual fund products across Bank Victoria’s network.
“By providing safe, reliable, affordable, and easily accessible investment instruments, we hope to significantly increase the number of mutual fund investors across Indonesia,” said Harnugama, Chief Marketing Officer of Syailendra Capital.
The financial literacy rate in Indonesia has shown a consistent increase since 2013, reaching 65.43% in 2024, up from 49.68% in 2022, the Financial Services Authority (OJK) says. However, financial inclusion has declined to 75.02% in 2024 from 85.10% in 2022, highlighting a significant gap from the 90% target set by Presidential Regulation No. 114 of 2020 on the National Financial Inclusion Strategy (SNKI).
This scenario indicates that access to financial institutions, products, and services still needs enhancement, particularly in the capital market, where literacy and inclusion rates are only 4.11% and 5.19%, respectively, according to the 2022 National Survey on Financial Literacy and Inclusion.
The four flagship mutual fund products from Syailendra Capital, include:
- Syailendra Dana Kas (Money Market Fund); focuses 100% on money market instruments, offering low risk and high liquidity, suitable for conservative investors with short-term investment goals (less than 1 year).
- Syailendra Equity Opportunity Fund (SEOF) Class A (Equity Fund); primarily invests in equities with an active strategy. As of December 1, 2024, SEOF adopts a more aggressive approach, reducing indexing components, which is ideal for aggressive investors with long-term goals.
- Syailendra Fixed Income Fund (SFIF) (Fixed Income Fund; allocates the majority to government securities, Sukuk, and corporate bonds. As of December 31, 2024, 93.3% of the portfolio is focused on government bonds, 3.42% on corporate bonds, and 3.29% on cash and cash equivalents, catering to moderate investors with medium to long-term financial goals.
- Syailendra MSCI Value Index Fund (SMSCI) Class A (Equity Index Fund): targets large-cap undervalued stocks, potentially offering optimal long-term performance suited for aggressive investors with long-term financial objectives.
“We believe that the availability of Syailendra Capital’s mutual fund products in all Bank Victoria branches will further help customers explore alternative investment options. This aligns with our vision to be a trusted, healthy, efficient bank that supports sustainable growth.” President Director of Bank Victoria, Achmad Friscantono, conveyed.