Learn from the Paytren Case, Don’t Buy Mutual Funds Like This! My Money – 4 hours ago

Jakarta, CNBC Indonesia – Not long ago, the Financial Services Authority (OJK) officially revoked the business license (CIU) of PT Paytren Asset Management (PAM), which was founded by Yusuf Mansur as a sharia investment manager.

It was proven that PAM did not have an office that could be found and did not have sufficient employees to carry out its functions as an investment manager. In addition, the company failed to comply with certain action orders from the OJK, adding to the long list of violations it had committed.

Apart from not meeting the minimum composition of directors, board of commissioners, and other operational function requirements like an investment manager, PT Paytren Asset Management also does not meet the required minimum adequacy of adjusted net working capital (MKBD), an important indicator in assessing the company’s financial health and ability to maintain operational sustainability. .


As is known, PAM had three mutual fund products offered to the general public. These mutual funds are, Dana Falah Share Sharia Mutual Fund (RDS FALAH), Safa Fund Liquid Sharia Mutual Fund (RDS SAFA), and Daqu Fund Mixed Sharia Mutual Fund (RDS DAQU).

Paytren’s managed funds also grew rapidly, from IDR 1.95 billion in February 2018 to almost IDR 34 billion in October 2019. However, at the end of 2019, the value of the managed funds actually decreased until finally in February 2020 Paytren’s mutual funds were officially liquidated.

Mutual fund investment is known for its practicality, because you can start with small capital and online. Not only that, the returns from this instrument are also quite attractive and can even beat the interest on deposits or government securities.

However, when mutual funds are disbanded, the investments we make could end up being in vain. And if an investor’s position is at a loss, then this could result in a decrease in their assets or net worth.

Apart from the credibility of the investment manager, there are other things that investors should pay attention to when investing in mutual fund products. Here are three characteristics of mutual funds that you should avoid.

There is no need to panic when you see the fluctuating net asset value per investment unit (NAV/UP), because this is the effect of rising and falling asset values ​​in the mutual fund portfolio.

The thing that you should pay attention to is the amount of funds managed by the mutual fund that you want to buy.

Unfortunately, data regarding managed funds must be searched manually via information on the fund fact sheet (FFS) or the Mutual Fund Selling Agent (APERD) websites.

Managed funds or assets under management (AUM) are something you should pay attention to. Managed funds also often experience fluctuations and do not reflect the performance of assets in mutual funds, but this value shows how much confidence investors have in the mutual fund in question.

Based on Financial Services Authority (OJK) regulation No.23/POJK.04/2016 concerning Mutual Funds in the Form of Collective Investment Contracts, the minimum limit for managed funds for a mutual fund is set at IDR 10 billion.

When managed funds continue to decline, especially drastically, you must be suspicious of this.

There is no current fund fact sheet

Simply put, FFS is a mutual fund product report issued by an investment manager regarding the performance of the mutual fund product in question. This information is updated regularly and can be accessed easily by investors.

When the latest FFS is not available, where can you find out about the development of the mutual fund’s performance?

If you encounter something like this, it’s a good idea to directly contact the investment manager regarding the mutual fund products they issue. It could be that FFS is not available because the mutual fund wants to be disbanded because it no longer meets the provisions.

Mutual funds from rogue investment managers

There are quite a few cases of mutual fund investment managers who often receive warnings from the Financial Services Authority (OJK) because of the violations they have committed. And unfortunately, there is also no ranking of mutual fund investment managers based on investment performance, trust, and so on.

The question arises, if one of them offered an investment product with fantastic returns, would you still be interested in buying it?

As much as possible, avoid products like that and choose mutual funds issued by investment managers with a good reputation.

[Gambas:Video CNBC]

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