Jakarta, 22 October 2024 - PT Bank Central Asia Tbk (BCA), in collaboration with PT Bahana TCW Investment Management ("Bahana TCW"), has launched the Bahana Index BIPA 35 (BIPA35) Mutual Fund product. This new mutual fund issuance highlights BCA’s commitment to meet customers’ investment needs.
The BIPA35 Mutual Fund will be BCA’s first Fixed Income Index Fund. This product is designed with a passive investment strategy that mirrors the performance of the Bahana 35 Custom Index. With an allocation of 80%-100% in fixed income instruments listed in the benchmark index and up to 20% of its NAV in money market instruments or cash equivalents, BIPA35 caters to investors with conservative to aggressive risk profiles and a medium-term investment horizon of around 3-5 years.
BCA Director Haryanto T. Budiman explained, “With the launch of the BIPA35 Mutual Fund, BCA aims to provide investors with alternative investment options to help them achieve their financial goals. We have observed significant interest among BCA customers in Fixed Income Mutual Funds, which, as of September 2024, ranked as the second most popular investment after Money Market Mutual Funds on a year-over-year basis. In response to this demand, we continue to expand our portfolio of flagship investment products, this time with a Fixed Income Mutual Fund that mirrors its benchmark index, catering to the diverse investment needs and aspirations of our customers.”
Bahana TCV Marketing Director Danica Adhitama stated, “We are thrilled to introduce the BIPA35 Fixed Income Index Mutual Fund in collaboration with BCA. Each bond included in this index has a market value exceeding Rp10 trillion, ensuring high liquidity for investors. We conduct thorough analysis and evaluations every month, ensuring that the 35 bonds in the index continue to offer strong investment potential. We are confident that our partnership with BCA, as the APERD (Mutual Fund Selling Agent) for BIPA35, will empower more investors to successfully achieve their financial goals.”
Customers who interested in purchasing this new Mutual Fund product could access Welma feature in the myBCA app, starting from Rp10,000, or at BCA branch offices that handle Mutual Fund transactions. To celebrate the launch of the offering period, customers can enjoy a special promotion of Rp150,000 cashback for every net purchase of Rp50 million, with a maximum cashback of Rp7.5 million in the form of participation units.
BCA has introduced innovative enhancements to the myBCA app, offering a seamless banking and investment experience in a single platform. With the Welma feature, customers can easily buy and sell Mutual Funds, Bonds, and SBN investment products, compare various offerings, and manage their investment portfolios. The app also provides access to market updates, educational resources about investments, notifications for maturing investment products, and a range of attractive investment promotions.
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About PT Bank Central Asia Tbk (as of 30 June 2024)
BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial and corporate segments. By the end of June 2024, BCA has the privilege of serving more than 37 million customer accounts, processing around 95 million of daily transactions through a network of 1,259 branches, 19,163 ATMs as well as internet & mobile banking services and Halo BCA contact center that can be accessed 24 hours. BCA’s presence is complemented by a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed to building lasting relationships with customers, putting people first, and making a positive impact on society at large. With more than 27,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.
PT BANK CENTRAL ASIA TBK
Group Corporate Communication and Social Responsibility - CSR
Corporate Communication
Address : Jl. MH Thamrin No. 1
Menara BCA Lt. 22
Jakarta Pusat 10310
Telephone : (021) 2358-8000
Fax : (021) 2358-8339
E-mail : corcom_bca@bca.co.id
About PT Bahana TCW Investment Management
For 29 years, PT Bahana TCW Investment Management ("Bahana TCW") has successfully navigated various economic crises, both domestic and global. This experience in overcoming crises has shaped Bahana TCW into a robust investment management company trusted by the public.
PT Bahana TCW Investment Management is a subsidiary of a state-owned enterprise (BUMN), the Indonesia Financial Group (IFG), and the global investment management company TCW Capital Investment Company LLC (TCW) from the United States.
As one of the largest investment managers in Indonesia, PT Bahana TCW Investment Management has total assets under management of Rp73.98 trillion (as of September 2024). From 2015 to 2024, Bahana TCW has consistently been awarded the title of “Best Asset & Fund Manager in Indonesia” at the international Alpha Southeast Asia Awards, marking the 10th year that Bahana TCW has been recognized as the best investment manager in Indonesia. This reflects the high level of trust the public has in the company to this day.
For further information, please contact:
Acista Nitbani
Marketing Communication
PT Bahana TCW Investment Management
Graha Niaga, lt.21, Jl. Jend. Sudirman Kav No.58, Jakarta
Email : support.bahanatcw@bahana.co.id
