BCA presents a new investment product called Batavia India Sharia Equity USD Mutual Fund (BISEU), which is a collaboration between BCA and investment manager PT. Batavia Prosperindo Aset Manajemen (BPAM). BISEU officially launch on October 9, 2024, and is the first mutual fund at BCA with a portfolio focus on stocks in India.
The Indian economy is quite attractive with a Gross Domestic Product (GDP) ranking 5th in the world at USD 3.73 trillion per year in 2023 and predicted by the International Monetary Fund (IMF) to experience higher economic growth in 2024 and 2025 compared to other developing countries. For investors with an aggressive risk profile and an eye for new investment opportunities, BISEU could be a suitable choice. Moreover, BPAM, as the investment manager, also collaborates with Invesco Ltd (Invesco), a global investment manager, as a technical advisor with capabilities and investment experience in India.
BISEU invests in Sharia Equity Securities listed in the Sharia Securities List, 0% - 20% Sharia Money Market Instruments and/or Sharia deposits, and a minimum of 51% Sharia Offshore Equity Securities listed in the Sharia Securities List.
BISEU Mutual Fund will follow the Invesco India Equity Fund as the mother fund launched since 1994, but the portfolio allocation is adjusted based on Sharia principles following the FTSE Shariah index and in collaboration with Invesco as a technical advisor in determining the portfolio.
The portfolio composition of BISEU Mutual Fund has exposure to emerging themes such as digitalization, consumer, and manufacturing in line with Sharia principles.
BISEU Mutual Fund can be purchased starting from USD 10,000 through BCA branches that offer mutual fund transactions. In addition, for investors who have previously purchased USD mutual funds, they can buy directly through the Welma feature available in the myBCA application.
Diversify your investment portfolio with BISEU Mutual Fund at BCA and receive cashback of up to USD 500 per customer.
For customers interested in getting information about investment products, can contact Halo BCA at extension 4 for investment services in Bahasa Indonesia or visit BCA branches that offer mutual fund transactions.
