Riding the Wave: Strong Performances of Stock Index Funds in the Indonesian Market

In just three months, 10 index mutual funds have managed to achieve performances above 5%, with the highest reaching 15%. According to data from Edvisor as of March 27, 2024, the Jakarta Composite Index (IHSG) has seen a 0.88% increase over the same period. However, several stock indexes have outperformed the IHSG during this time frame.

These indexes include the KOMPAS100 Index (1.1%), LQ45 (2.2%), IDX30 (2.3%), SRI Kehati (4.2%), High Dividend 20 (5.3%), Pefindo i-Grade (5.3%), IDXGrowth 30 (5.7%), IDXValue 30 (6.9%), and INFOBANK15 (11.7%).

The positive performance of these indexes has had a ripple effect on several index mutual funds available in the market. Two INFOBANK15-based index mutual funds managed by PT Surya Timur Alam Raya and PT PNM Investment Management have recorded double-digit performances over three months, successfully outperforming their benchmarks.

One advantage of index mutual funds worth noting is that their underlying assets are mostly stocks. However, index mutual funds differ from equity mutual funds because equity mutual funds are designed to outperform their benchmarks, while index mutual funds are structured to match their benchmarks' performance.

Interested in purchasing STAR Infobank15? Buy it here.

The STAR Infobank 15 index mutual fund was launched in June 2023. The portfolio consists of stocks included in the Infobank15 Index, such as PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Negara Indonesia (Persero) Tbk, PT Bank Central Asia Tbk (BBCA), and other banking stocks.

According to information in the fund fact sheet, 99.65% of the portfolio composition of STAR Infobank 15 is in stocks, with the remainder in the money market.

You can purchase this index mutual fund through the Makmur app. Makmur is an application launched by PT Inovasi Finansial Teknologi, which has obtained permission from the Financial Services Authority (OJK) to act as a Mutual Fund Securities Sales Agent.

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