EN
ID
Contact Us
Location
E-Form
A mutual fund is a financial vehicle that pools money from investors to be managed collectively. The funds are then invested by a professional Investment Manager into a diversified portfolio of securities and other financial instruments, aiming to achieve specific investment objectives.
Requirements and Procedures
Subscription of Mutual Fund Products
- Customers must have a CASA account at Bank Danamon and ensure there are sufficient funds for mutual fund Subscription
- Customers must have a valid risk profile to ensure that the subscribed product matches the customer's risk profile, investment needs, and objectives
- Customers must have a Single Investor Identification (SID) for mutual funds. If the customer does not yet have an SID, Bank Danamon will assist in creating one. Customers must provide the necessary documents and complete and sign the following forms:
- Risk Profile Questionnaire Form (if needed, i.e., if the customer has never filled it out or if the existing profile is no longer valid)
- Mutual Fund Transaction Form
- Copy of ID card
- Copy of Taxpayer Identification Number (NPWP) or NPWP Statement Letter
Redemption of Mutual Fund Products
- The proceeds from the redemption will be credited to the customer's CASA account. Customers must ensure that the account is active to receive the payment from the redemption of mutual fund units.
- Customers must provide the necessary documents and complete and sign the following forms:
- Mutual Fund Transaction Form
- Copy of ID card (KTP)
- Copy of Taxpayer Identification Number (NPWP) or NPWP Statement Letter
- The payment from the redemption will be made no later than T+7 trading days after the redemption transaction is carried out.
Switching of Mutual Fund Products
- Customers may switch their mutual fund holdings by selecting both the fund to be switched and the target fund. Both funds must be managed by the same Investment Manager and denominated in the same currency.
- Customers must ensure that the target fund aligns with their risk profile, investment goals, and financial needs.
- To proceed, customers are required to submit the necessary documents and complete the following forms:
- Risk Profile Questionnaire Form (if applicable, e.g., if the existing profile is no longer valid)
- Mutual Fund Transaction Form
- Copy of ID card (KTP)
- Copy of Taxpayer Identification Number (NPWP) or NPWP Statement Letter
General Terms & Conditions for Investment Products
Changes to Terms & Conditions (Effective October 10, 2024):
- Update to Danamon’s logo
- Addition of Terms & Conditions for ETF Mutual Fund Product Transactions
Disclaimer
- Investing in mutual funds involves investment risks. Customers are required to read and understand the prospectus before deciding to invest in mutual funds. Past performance does not guarantee future results.
- Mutual funds are capital market products and not products of Bank Danamon. Bank Danamon is not responsible for any claims or risks related to the management of mutual fund portfolios by the Investment Manager. Mutual funds are not part of customer deposits at Bank Danamon and are not covered by the deposit insurance program provided by the Lembaga Penjamin Simpanan (LPS). They carry investment risks, including the potential loss of the entire invested capital. Past performance is not an indication or guarantee of future investment results. The value of investments may fluctuate due to changes in the Net Asset Value (NAV), market conditions, and the quality of the mutual fund’s portfolio.
- Mutual fund products are fully managed by the Investment Manager as disclosed in the mutual fund prospectus. Bank Danamon acts solely as a Mutual Fund Selling Agent.
- Mutual fund sales through Bank Danamon are conducted by designated employees who are certified as Mutual Fund Selling Agent Representatives (WAPERD).
- Investors will receive transaction confirmation letters or evidence of mutual fund unit transactions and periodic reports related to mutual fund unit ownership and positions electronically and can be downloaded via the Acuan Kepemilikan Sekuritas (AKSes) facility.
- This information does not constitute a complete product disclosure document and should not be considered an offer, recommendation, or solicitation to conduct any transaction, hedging, trading, or investment strategy related to any securities or financial instruments.
- Before purchasing mutual fund products, investors must read and understand the mutual fund’s Prospectus and Fund Fact Sheet.
