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Investment Glossary
Bapepam & LK

The government body responsible for fostering, organizing, and monitoring the daily activities of Indonesian capital markets. Bapepam & LK issues and enforces regulations and strict control over operations of Indonesian mutual funds.


A standard used in evaluating the performance of a mutual fund. A common benchmark for equity funds is the Jakarta Composite Index (JCI).


An institution that is unaffiliated with asset management companies whose role includes:

  • Safekeeping and holding of securities on behalf of investors of a mutual fund
  • Settlement of any transactions and deliveries of securities and dividends
  • Registration and listing of securities
  • Reporting on dividend payments, interests or other instruments due for payment
  • Reporting and calculation of net asset value

Investment/Fund Manager

A person responsible for carrying out investment decisions as defined in a fund’s prospectus. In order to become a fund manager, a candidate has to apply to Bapepam & LK for a license.

Net Asset Value (NAV)

The unit value of a mutual fund based on underlying assets minus liabilities, divided by units outstanding. It is calculated at the end of each business day for equity funds, fixed income/bond funds, balanced funds, and money market funds.


Represents the rate of return on an investment. For bonds, the simplest calculation of yield uses the following formula: yield = coupon amount/price. Technically, the price of a bond and its yield are inversely related.

IHSG 0.44%
LQ-45 0.48%
ISSI 0.03%
Latest Index: Jan 18 2018
List of Mutual Funds
Hotline Panin Asset Management
Selling Agent
Panin Sekuritas
Paying Agent
Bank Panin
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