Back to Pressroom
15 Oct 2024

Offering New Investment Opportunities, BCA Introduces the BISEU Sharia Equity Mutual Fund

Jakarta, 10 October 2024  - PT Bank Central Asia Tbk (BCA) introduces its latest innovation in investment products by launching a Sharia-compliant USD equity mutual fund, the Batavia India Sharia Equity USD (BISEU). This product is a result of BCA's collaboration with PT Batavia Prosperindo Aset Manajemen (BPAM), the appointed investment manager. BCA is one of the first selling agents to offer the BISEU mutual fund, which has a net asset value (NAV) of USD 1. This USD-denominated offshore mutual fund focuses on investments in the Indian market and adheres to Sharia principles.

BCA Director Haryanto Budiman stated, “The launch of the BISEU Mutual Fund offers BCA customers the opportunity to diversify their investments geographically by investing in India, one of the emerging market (EM) countries with the second-largest weighting in the MSCI EM index, while adhering to Sharia principles. This product reflects BCA's commitment to continuously innovate and provide a diverse range of investment products for our loyal customers and the public at large.”

BCA recognizes the growing public interest in investments, as reflected in the more than 35% year-on-year (YoY) growth of BCA's wealth management managed funds as of September 2024.

“The BISEU Mutual Fund provides customers with new and different types of investment access to the Indian equity market. By partnering with an experienced technical advisor in the Indian market, Invesco Ltd., we believe our clients' portfolios will become more robust and diversified through exposure to the Indian economy, which has demonstrated relatively high and consistent growth—particularly in the technology, consumption, and manufacturing sectors, all of which are thriving in India,” said BPAM President Director Lilis Setiadi.

BCA customers who wish to purchase BISEU Mutual Funds can purchase them with a minimum subscription starting from USD 10,000. For customers who have never made a USD Mutual Fund transaction, the first purchase must be made at a BCA Branch office that serves Mutual Fund investments. For the next purchase, customers can also make purchases through the Welma feature in the myBCA application.

In launching BISEU Mutual Fund products, BCA also provides attractive promos, such as Mutual Fund cashback up to USD 500 per customer in the form of participation units. Customers interested in more information about investment products can contact their Relationship Manager, call Halo BCA at 1500 888 (extension 4 for investment services), or visit BCA branches that handle investment transactions.

*****

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

Related Activities

Hubungi Biro Humas BCA