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Bareksa, DOKU team up to promote mutual fund savings
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Investment call: President Joko Widodo delivers his remarks during a 'World Saving Day' event in Jakarta on Oct. 31. In a country of 250 million, the number of individual investors in mutual funds only stands at 340,000, according to data from the Indonesian Central Securities Depository (KSEI). (Courtesy of State Secretary/File)
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igital investment portal Bareksa and e-payment provider DOKU are teaming up to market a mutual fund product via the latter’s platforms at a relatively low price.
The product, under the name Cipta Dana Cash, will be offered at a starting price of Rp 100,000 (US$7.7) to 1.3 million DOKU users, who can purchase it via their electronic gadgets.
"Through this cooperation, DOKU users can receive benefits from the money they saved in DOKU mobile wallet,” Bareksa chairman Karaniya Dharmasaputra said on Thursday during the launching of the cooperation.
Karaniya added that customers buying the product would receive 8.5 percent of annual interest, which is higher than that of bank savings or time deposits.
DOKU CEO Thong Sennelius also welcomed the cooperation.
"Mutual fund savings in the DOKU application is suitable for users who want to learn and practice investment, as it offers minimum risk with higher return compared to bank savings," he said.
In the last 12 months, Cipta Dana recorded an annual return of 8.61 percent, much higher than that of time deposits, which ranges from 6 to 7 percent per annum. (hwa)
