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• BTPN Bank Partners with Syailendra Capital as Latest Investment Manager through Jenius App This collaboration brings five flagship mutual fund investment products from Syailendra Capital

BTPN Bank Partners with Syailendra Capital as Latest Investment Manager through Jenius App This collaboration brings five flagship mutual fund investment products from Syailendra Capital

August 13, 2024

Jakarta, 12 August 2024 - Mutual funds have become increasingly popular and are now one of the primary investment choices for domestic capital market investors. This is reflected in data from the Indonesia Central Securities Depository (KSEI) as of June 2024, which shows that there are 12.3 million mutual fund investors (approximately 94% of the total number of Indonesia's capital market investors). This figure has increased by more than 115% compared to 2021 and could continue to grow as the investment climate in the country matures. However, based on OJK data (2022), the level of literacy and inclusion in the financial services sector, particularly the capital market, remains very low.

Breaking this down further, the asset under management (AUM) to gross domestic product (GDP) ratio in Indonesia is recorded as one of the lowest at 3.7% (compared with the ASEAN average which can reach double digits). In fact, according to the latest data release from the Indonesia Financial Services Authority (OJK) as of August 2024, there has been a decline in financial inclusion to 75.0% (vs. 2022: 85.1%), although literacy has increased to 65.4% (vs. 2022: 49.7%).

This situation highlights the importance of collaboration between PT Bank BTPN Tbk (BTPN Bank) and investment manager Syailendra Capital to enhance financial literacy and capital market inclusion, particularly in mutual funds. This partnership is marked by the presence of Syailendra Capital as one of the investment managers accessible through the Jenius app from BTPN Bank.

Chief Executive Officer of Syailendra Capital, Fajar R. Hidayat stated, "The increasing number of mutual fund investors demonstrates a positive trend. This should be welcomed by industry players, including through collaboration and creating investment services that are easily accessible, safe, and trustworthy. This is what motivated the partnership between Syailendra Capital and BTPN Bank."

Jenius users can access five flagship mutual fund investment products from Syailendra Capital, namely:

1. Syailendra Dana Kas, which is a Money Market Fund category, designed for investors with a conservative risk profile due to the product's very low volatility and is ideal for short-term investments (1 year) due to its high liquidity.

2. Syailendra Pendapatan Tetap Premium (SPTP), which is a Fixed Income Fund category, with a focus on allocating 80% - 100% of funds to Debt Securities (Government and Corporate Bonds). As of 28 June 2024, 63% of funds were allocated to Corporate Bonds. This product is ideal for investments with a medium to long-term time horizon.

3. Syailendra Fixed Income Fund (SFIF), which is a Fixed Income Fund category, focusing on allocating 80% - 100% of funds to State Securities (SUN), Sukuk and Corporate Bonds. As of 28 June 2024, 94.5% of the portfolio was focused on government bonds.

4. Syailendra MSCI Value Index Fund (SMSCI) Class A, which is an index mutual fund category referencing the MSCI index and contains undervalued stocks with the potential to deliver optimal performance in the long term. As of 28 June 2024, 56% of funds were allocated to the banking sector (big banks).

5. Syailendra Equity Opportunity Fund (SEOF) Class A, which is an equity fund category managed with a concentration strategy to achieve returns exceeding the IHSG.

"BTPN Bank is committed to providing complete financial solutions and services to various customer segments with digital technology support," said Darmadi Sutanto, Deputy Chief Executive Officer of BTPN Bank.

"To this end, we continually select investment products available on our platform for our customers. Syailendra Capital meets our customers' investment needs, given its track record of more than 17 years, consistent product performance exceeding benchmarks, and a variety of relevant products," added Darmadi.

Users interested in purchasing Syailendra Capital mutual fund products can access the 'Investment' feature in the Jenius app. The initial capital for investing in Syailendra Capital mutual fund products is very affordable, starting from Rp10,000.

Users can also easily monitor their portfolio performance by accessing the Wealth section in the Jenius app. Here, information such as total investments held (Total Investment) and return information in Rupiah along with percentage value (Total Return Investasi) can be monitored directly in the app.

This partnership is also part of the celebration of Jenius's 8th anniversary with the theme "Hoki Go Lucky". Each user who purchases a Syailendra Capital mutual fund product with a minimum of Rp1,000,000 through the Jenius app will receive cashback worth Rp88,888. This offer is only available to the fastest 888 users and is provided to selected users who make transactions throughout August.

Certified Financial Planner Aline Wiratmadja added, "Collaborations between industry players like this should be welcomed, as these parties have taken active steps to provide easy access to investing. Extensive education also needs to be carried out so that the Indonesian people have better financial literacy and are protected from online gambling practices or other investment fraud schemes." ***

About Syailendra Capital

Syailendra Capital is an independent Investment Manager with no affiliation to any business group. For more than a decade, Syailendra has remained committed to not being tied to specific business affiliations in order to deliver the best investment products to its partners. Syailendra Capital offers mutual funds for various investor profiles. In providing a maximum investment experience, Syailendra works with various types of partners including local and international banks, prominent securities firms, fintech companies close to millennials, and Indonesia's largest marketplace. All of this is done to provide the widest possible access to society to realise an inclusive economic climate that reaches all segments.

About BTPN Bank

PT Bank BTPN Tbk (BTPN Bank) is a foreign exchange bank resulting from the merger of PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) with PT Bank Sumitomo Mitsui Indonesia (SMBCI) in February 2019. BTPN Bank serves various segments in the banking industry, ranging from retail to corporate, including retirees, micro, small and medium enterprises (MSMEs), productive low-income communities, the consuming class segment, as well as the corporate segment. Our services are available through BTPN Bank's business units, namely BTPN Sinaya—a funding business unit, BTPN Purna Bakti—a business unit serving retirees, BTPN Mikro Bisnis—a business unit serving micro entrepreneurs, BTPN Business Banking—a business unit serving small and medium enterprises, Jenius—a digital banking platform for the consuming class segment, and a corporate business unit serving large national, multinational, and Japanese companies. Additionally, BTPN Bank has a subsidiary, PT Bank BTPN Syariah Tbk, which serves customers from productive low-income communities. Through the Daya Programme, a sustainable and measurable empowerment programme, BTPN Bank regularly provides training and information to increase customer capacity so they have opportunities to grow and gain the opportunity for a better life.