BNP Paribas cooperates with Tanamduit to broaden its investor base

KONTAN.CO.ID – JAKARTA. BNP Paribas Investment Partners inaugurated a partnership with a digital platform of "commercial culture" developed by PT Star Mercato Capital on Thursday (26/7). This partnership makes it possible to increase the number of distribution channels for mutual funds managed by BNP Paribas IP.

Vivian Secakusuma, President of BNP Paribas IP, said the addition of the distribution channel aims to facilitate financial access for each community and expand the investor base itself.

He also said, despite growing growth, the number of mutual fund investors in Indonesia is still relatively small. As of June 2018, the number of mutual fund investors in the country reached 777,851 people. This figure rose from the position in December 2017 to 610,411 investors.

However, the number is still far behind the total population of Indonesia which has reached about 242 million people. Similarly, the number of Internet users in Indonesia has reached 133 million people.

"Since 50% of the Indonesian population already has access to the Internet, investor growth will be faster if it goes through online channels," he said during his meeting with KONTAN today. hui.

Vivian did not mention the target number of investors obtained through cooperation with the factory. However, he believes that there will be significant growth when his mutual fund products are sold online, especially from retail investors who become the primary target.

Thanks to this cooperation, BNP Paribas IP officially sells its 5 rupee-denominated mutual fund products via its tanamduit platform. These include BNP Paribas Prima II and BNP Paribas Omega which include fixed income mutual funds and BNP Paribas Ekuitas, BNP Paribas Infrastruktur Plus and BNP Paribas Solaris which include equity mutual funds.

The five products are available on the platform since July 12 and can be purchased by investors with a minimum investment cost of Rp 50,000.

BNP Paribas IP will also sell two mutual funds of dollar-based investments via tanamduit, namely BNP Paribas Prima USD and BNP Paribas Cakra Syariah USD. Both products became the first US dollar pooled fund traded online.

Muhammad Hanif, director of business development Tanamduit said, the two US dollars common fund for the moment can not be released in general because there are still technical things that are maintained by she. "For US dollars mutual funds will follow." Currently, we are placing the display on his platform, he added.