Tag: batara

Bareksa Officially Launches “BaTaRA” Robo Advisor Licensed by OJK

Bareksa, a mutual fund investment marketplace platform, officially launches BaTaRA robo advisor (Bareksa Tactical Robo Advisor) after obtaining an “Investment Advisor” license from OJK dated April 21, 2021. The trial has been conducted for nine months, since August 2020, attended by 1000 customers .

In an official statement, Robo Advisor Bareksa provides guidance and tactical assistance for investors based on algorithms and artificial intelligence features. This is combined with the investment strategy formulated by Bareksa’s team of analysts with expertise in the subject.

“We are very grateful and appreciate the support of OJK to grant permission for the first investment advisor to robo advisors in Indonesia. God willing, we will protect this mandate as well, therefore, Bareksa’s Robo Advisor will likely to be safe, more reliable, independent, and can provide maximum investment results to the wider community,” Bareksa’s Co-Founder & CEO, Karaniya Dharmasaputra said, Monday (5/24).

During the trial, Bareksa’s analyst team keep testing the real performance and compare it to other robo advisors. It is said that the investment returns based on BaTaRA’s recommendations are more optimal, and can even outperform the Jakarta Composite Index (IHSG).

He ensured that BaTaRA was fully independent and in favor of customers’ interests. The methodology applied is made transparent, independent, and regularly reported to OJK as required by existing regulations. “We ensure that the investment recommendation from Bareksa’s Robo Advisor is not based on any promotional and marketing interests.”

BaTaRA recommendations are personalized based on the customer’s risk profile, formulating investment strategies and recommendations not only statically based on a risk profile, but also providing recommendations on the allocation of mutual funds needed to maximize investment returns.

The recommendations are made dynamic, not static, by incorporating parameters of changing capital market conditions and macroeconomic conditions. In addition, to mitigate risk and maximize investment returns, the recommended products are made very selective, only selected mutual funds from the best 15 investment managers.

In separate interview with DailySocial, Karaniya said that the robo advisor was created due to the rapid growth of retail investors during the pandemic. “Most of them are new investors with zero experience and in need of guidance. Since the numbers is large, it was impossible to use the manual method.  It requires a robo to guide their investment to optimize their investment returns.”

Bareksa currently has 1.8 million customers, selling more than 120 mutual fund products from 33 investment managers in Indonesia.

“We expect Bareksa’s Robo Advisor can provde investors with safer services and maximum investment returns. Customers can also have easy access to Investment Advisory services, which considered quite expensive for most people.”

Aside from Bareksa’s Robo Advisor, there is also Bibit which put robo advisor as its main proposition in capturing new customers.

OJK also stipulates Investment Advisors and Investment Managers as regulated in Law Number 8 of 1995 Concerning Capital Markets (Capital Market Law). In its derivative regulations, a requirement to be fulfilled as an Investment Advisor is to have an employee with an individual license to represent the Investment Manager. Investment Manager representative licensing is regulated in POJK Number 31 of 2018.

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Original article is in Indonesian, translated by Kristin Siagian

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Bareksa Resmikan Robo Advisor “BaTaRA”, Berlisensi dari OJK

Bareksa, platform marketplace investasi reksa dana, meresmikan kehadiran robo advisor BaTaRA (Bareksa Tactical Robo Advisor) kepada publik setelah memperoleh lisensi “Penasihat Investasi” dari OJK tertanggal 21 April 2021. Uji coba telah dilakukan selama sembilan bulan, sejak Agustus 2020 yang diikuti 1000 nasabah.

Dalam keterangan resmi, Robo Advisor Bareksa memberikan panduan dan pendampingan taktikal bagi investor berdasarkan algoritma dan fitur kecerdasan buatan. Lalu dikombinasikan dengan strategi investasi yang dirumuskan oleh tim analis Bareksa yang memiliki pengalaman panjang di area tersebut.

“Kami sangat berterima kasih dan mengapresiasi dukungan OJK yang telah memberikan izin penasihat investasi pertama bagi robo advisor di Indonesia. Insya Allah, amanah ini akan kami jaga sebaik-baiknya sehingga Robo Advisor Bareksa menjadi robo advisor yang lebih aman, terpercaya, independen, dan dapat memberikan hasil investasi yang maksimal bagi masyarakat luas,” tutur Co-Founder & CEO Bareksa Karaniya Dharmasaputra, Senin (24/5).

Selama masa uji coba, tim analis Bareksa terus melakukan uji performa secara riil dan membandingkannya dengan performa robo advisor lain. Diklaim imbal hasil investasi berdasarkan rekomendasi BaTaRA lebih maksimal, bahkan dapat mengungguli Indeks Harga Saham Gabungan (IHSG).

Ia memastikan, BaTaRA sepenuhnya bergerak secara independen dan berpihak pada kepentingan nasabah. Metodologi yang diterapkan dibuat transparan, independen, dan secara berkala dilaporkan ke OJK sebagaimana disyarakatkan regulasi yang ada. “Kami pastikan bahwa rekomendasi investasi dari Robo Advisor Bareksa tidak didasarkan pada kepentingan promo dan pemasaran apa pun.”

Rekomendasi BaTaRA dipersonalisasi berdasarkan profil risiko nasabah, merumuskan strategi dan rekomendasi investasi tidak secara statis berdasarkan profil risiko, namun juga memberikan rekomendasi tentang alokasi reksa dana yang diperlukan untuk memaksimalkan hasil investasi.

Rekomendasi BaTaRA dibuat dinamis, tidak statis, dengan memasukkan parameter perubahan kondisi pasar modal dan ekonomi makro. Selain itu, untuk memitigasi risiko dan memaksimalkan hasil investasi, produk yang direkomendasikan dibuat sangat selektif, hanya reksadana pilihan dari 15 Manajer Investasi terbaik.

Secara terpisah, saat dihubungi DailySocial, Karaniya menuturkan robo advisor hadir karena salah satu pemicunya adalah bertumbuh pesatnya investor ritel selama pandemi. “Sebagian besar merupakan investor baru yang belum berpengalaman dan membutuhkan guidance. Karena jumlahnya sudah sedemikian besar, ini tidak mungkin dilayani secara manual. Perlu ada robo yang memandu investasi mereka untuk mengoptimalkan hasil investasi mereka.”

Saat ini Bareksa memiliki 1,8 juta nasabah, menjual lebih dari 120 produk reksa dana dari 33 manajer investasi di Indonesia.

“Kami berharap, dengan kehadiran Robo Advisor Bareksa, investor bisa mendapatkan layanan yang lebih aman dan menikmati hasil investasi yang lebih maksimal. Kini nasabah juga dapat memiliki akses yang mudah terhadap layanan Penasihat Investasi yang saat ini masih cukup mahal bagi sebagian besar masyarakat.”

Tak hanya Bareksa yang mengembangkan robo advisor sebagai fitur tambahan kepada penggunanya, ada juga Bibit yang menjadikannya sebagai proposisi utama dalam menangkap nasabah baru.

OJK sendiri menetapkan Penasihat Investasi dan Manajer Investasi diatur dalam UU Nomor 8 Tahun 1995 Tentang Pasar Modal (UU Pasar Modal). Dalam aturan turunannya, dipersyaratkan salah satu izin yang harus dipenuhi sebagai Penasihat Investasi adalah memiliki pegawai yang memiliki izin perorangan sebagai wakil Manajer Investasi. Perizinan wakil Manajer Investasi diatur dalam POJK Nomor 31 Tahun 2018.

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