Targeting e-wallet in FinTech Industry, Mandiri Investasi Launch Money Market Fund with T+0 Feature
As time goes by, digital industry in Indonesia especially in financial service often called financial technology (fintech) like e-wallet that is part of ecommerce online ecosystem or online transportation platform, also peer-to-peer lending (P2P) keep showing massive growth. Looking at this trend, Mandiri Manajemen Investasi (Mandiri Investasi), supported by Standard Chartered Bank Indonesia (SCBI) as custody bank, launch Money Market Mutual Funds product with higher liquidity, called Mandiri Investa Pasar Uang 2 (MIPU2) Mutual Funds.
Mandiri Investa Pasar Uang 2 (MIPU2) Mutual Funds is different with conventional Money Market Mutual Funds, because this product offers highest liquidity, with disbursement funds on the same day as when the transaction order was made, or called T+0. Purchase of MIPU2 start only from Rp10.000, so it very attractive for beginner investor who want to start investing with low risk. T+0 feature done by MIPU2 management strategies that invest in highly liquid money market instruments so that funds from disbursement of participation units are not from facilities or billing, but are the result of investor redemption transactions that will be credited by the custodian bank to the customer’s bank account on the same day, with a sell transaction cut-off-time order at 10 AM where investors will get the proceeds from the sale of the participation unit with the Net Asset Value on the same day.
“This product is very innovative because its very liquid with T+0 transaction time, added with affordable and easy investing. This T+0 Mutual Funds product firstly launch in the Indonesian capital market.” said Alvin Pattisahusiwa, President Director of Mandiri Investasi.
As a comparison, nowadays funds from the disbursement of Mutual Funds units are generally accepted by investor at T+1 to T+3, equivalent to one to three days. Therefore, T+0 by MIPU2 is a very attractive aspect for potential investors.
Mandiri Investasi, together with Standard Chartered Bank as custody bank. “As international bank with more than 155 years’ experience in Indonesia, and one of the first to get a custodian business license from OJK, we are commit to keep innovating with product and service to response the needs and dynamics of society.” Said Rino Donosepoetro, CEO of Standard Chartered Bank Indonesia. “We’re very glad to be strategic partner of Mandiri Investasi to launch first Mutual Funds in Indonesia with T+0 feature. This partnership is a clear proof of our role to participate in developing investment in the Indonesian capital market industry, especially for the retail market. This is also in line with one of our visions, to become the number 1 custodian bank in Indonesia. ”
Now, MIPU2 present at Mandiri Investasi online platform called MOINVES, and would be launched with several selected Mutual Funds Selling Agent (APERD). In the near future, Mandiri Investasi will join hands with several online platforms in Indonesia to targeting digital wallet to optimize user idle funds through this MIPU2 product.
This investment product is very safe because it managed by Mandiri Investasi and watched over OJK. Mandiri Investasi has vision to becoming leading and most innovative investment manager in Indonesia until 1Q19 with total managed funds worth IDR55.3 trillion.
Mandiri Investasi Collaborating With Bank CTBC Indonesia As Mutual Funds Selling Agent
PT Mandiri Manajemen Investasi formally announce partnership agreement for the sales of Mutual Funds with PT Bank CTBC Indonesia (CTBCI) as custody bank. Therefore, Mutual Funds product to be launched are Mandiri Investa Pasar Uang (MIPU), Mandiri Investa Dana Utama (MIDU), and Asean Five Plus Equity (ASEAN5). The partnership signing ceremony was attended by Alvin Pattisahusiwa, President Director of MMI, and Iwan Satawidinata, Presiden Director of CTBCI, along with management from both companies.
MMI partnership with CTBCI as Mutual Funds Selling Agent (APERD) is a strategy to provide more choices of investment alternative for customer, because the prospect of various MMI product in market. Besides, the partnership is commitment between two companies to support Indonesia government in inclusion and financial literacy through Mutual Funds investment.
President Director of Mandiri Investasi, Alvin Pattisahusiwa said, “Partnership with CTBCI as Mutual Funds Selling Agent (APERD) will facilitate and widen public access to be able to invest in mutual fund instruments through banks. Besides, collaboration with banking institution is one of Mandiri Investasi strategy to expand our business and customer base.” We believe this is a good start for other business potential in the future, said Alvin.
“We are optimist to welcome strategic collaboration with Mandiri Investasi as leading business partner in national Mutual Funds industry. The similarity of our vision is to develop continuing efforts to support the development of investment products for customers,” said Iwan Satawidinata, President Director of CTBCI. Partnership development with Mandiri Investasi as an asset management with the largest total Asset Under Management in Indonesia would open bigger prospect for Bank CTBC to increase Fee Based Income in 2019.
The signing ceremony of the partnership on this day was followed by a seminar entitled Overview of the Indonesian Economy after the 2019 General Election, presented by Aldo Perkasa, Deputy CIO of PT Mandiri Manajemen Investasi; Philips J. Vermonte from Centre for Strategic and International Studies [CSIS; and Eko P. Pratomo as founder of Financial Wisdom and Gerakan Indonesia Cerdas Finansial. The seminar attended by CTBCI customers from various professions, ranging from entrepreneurs to financial and business practitioners.
Offer All-Weather Fund Investment Options for Investors, Mandiri Investasi launches Indonesian Government Bond-based Mutual Funds
PT Mandiri Manajemen Investasi (“Mandiri Investasi”) provides solutions to investors who want to hedge and diversify Rupiah-based assets by launching Rupiah-based Bond Fund products, where most of their assets will invest in USD-denominated SUN. With this product, investors are expected to achieve optimal results both when the USD and bond prices strengthen (All-Weather Fund). The product is Reksa Dana Mandiri Investasi Obligasi Nasional.
Mandiri Syariah Investa Berimbang reclaim the Best Sharia Mutual Funds 2019 Awards
Jakarta, August 22nd, 2019 – A fund managed by PT Mandiri Manajemen Investasi (“Mandiri Investasi”), Reksa Dana Mandiri Investa Syariah Berimbang, won the Best Sharia Mutual Funds in the category of Sharia Balanced Mutual Funds for period 3 years and 5 years
Mandiri Group Campaigned Sharia Capital Market
Mandiri Group along with the Coordinating Ministry (Kemenko) of Economic Affairs campaigned the Sharia capital market through talk shows and workshops titled Sharia Capital Market Socialization Goes to Campus in Bandung on Tuesday, September 10th , 2019.
Mandiri Investasi delivers Capital Market Education at Universitas Prasetiya Mulya
Jakarta, August 11th 2019 – Mandiri Investasi in collaboration with Universitas Prasetiya Mulya held a Capital Market education implementation in order to increase understanding of the benefits and risks of public financial products and services. President Director of PT Mandiri Manajemen Investasi, Alvin Pattisahusiwa delivers the Capital Market material at Prasetiya Mulya University on Wednesday, August 11th, 2019.