JAKARTA: Total mutual fund's net asset value hase eventually reached IDR180.87 trillion, added IDR23.18 trillion from July position at IDR157.69 trillion.
The net asset value (NAV) growth was mainly drove by increasing mutual fund units to 86.84 billion in August, from 84.79 billion units in July, The Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) statistic reported as of September.
The data controversially different from similar figures displayed in Bapepam-LK's official website showing NAV in the end of August reached IDR174.24 trillion. It also different from PT Infovesta Utama--a private mutual fund consultant--compiled data, reporting IDR153.69 trillion of NAV in the same periode.
In the statistic, the market watchdog wrote equity funds gave the biggest contribution by IDR58.28 trillion or 32.2% of total NAV of the industry. Protected mutual funds followed with IDR42.23 trillion (23.3% of total asset), fixed income (19.3%) and discretionary funds IDR32.94 trillion (18.2%).
Among the four types, discretionary funds booked the biggest growth in terms of value to IDR32.94 trillion per August, from IDR20.13 trillion in July. Equity fund increased IDR2.27 trillion, while fixed income added IDR8.83 trillion.
Chairman of Indonesian Association of Mutual Fund Managers, Abiprayadi Riyanto, said the significant improvement was a reflection of mutual fund rapid growth by 20% -25% per year.
“If the fund under management can be maintained in the level of IDR180 trillion, that will be very good,“ he said. (t05/ags)