Start Investing Mutual Fund (Reksadana) In The "Bibit" App

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Investing in stocks and mutual funds is one of the most popular investments for millennials in Indonesia besides cryptocurrency. Especially during the Covid-19 pandemic in 2020, the number of investors in the Indonesian capital market increased by 42% compared to 2019. Raised up to 3.53 million investors, data was taken as of November 19,2020. The increase was spread across 3 investments, namely mutual funds with 2.8 million investors, the stock market of 1.5 million investors, and the obligation market of 448,000 investors. All of these improvements are supported by the government's campaign to invite Indonesians to be literate about stocks and start investing in the Indonesian capital market through the Yuk Nabung Saham movement. Investing in the stock market is also one way to reduce inflation.

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Cryptocurrency is my initial gateway to investment, in the past it was only limited to having savings in a bank and could not be an option to increase assets. Since entering into investing in cryptocurrency this year from all aspects, trading, being a content creator on hive, to getting an airdrop, the amount of my savings can increase by up to 50%. This is an extraordinary achievement for me as a single mom who has to take full responsibility for my family financially.

Trying to invest in the world of stocks is a new thing for me, taking online classes about stocks is my attempt to improve my skills and knowledge about the investment that I want to enter. For now, it is not immediately possible to jump into the world of stock trading, even though I already have an account with Indonesian securities, I prefer to improve my skills trading in cryptocurrency.

Joining as a member on the Bibit mutual fund platform was a doorway for me to get to know stocks, simple steps for get verification also many choices for top up the fund.

About "Bibit"

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Bibit is one of the platforms to invest in mutual funds in Indonesia which is currently one of the favorites. The number of users reaches more than 1 billion with a 4.7 star rating in the playstore. This application makes it easy for its users despite zero understanding of stocks.

One of the advantages is the Robo facility, a bot that helps analyze investment and recommends what investments are suitable for its users from the level of risk and return, all taken based on data from customer profiles / interviews at the beginning. Here, users can also build their own portfolios, what they want to invest in, such as pension funds, education funds, home ownership funds, etc. All portfolios are built on preliminary bot analysis. If you want to invest more in equity mutual funds independently, there is a savings fund option, here based on your own analysis with each risk. But we are still given the option to filter and see what investment development data we are following so that we can determine future prospects.

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The Bibit application also provides free fees for the purchase or sale of the mutual funds we choose, except for custodian bank accounts, different customers will be charged a transaction fee according to bank regulations of 3,500 Rupiah every transaction or USD $0.25. Our funds stored in Bibit are also safe, because they are stored in an investor's fund account in our own name according to the bank we had when we first registered the account. So if one day Bibit have suffer a loss and go bankrupt, our funds will still be in the Investor Fund account on our behalf, and can still be taken. At Bibit we can make withdrawals at any time, and the funds will come in no later than 7 working days.

How Bibit works

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Bibit is a mutual fund investment application, so our incoming funds will be managed by an investment manager registered with the OJK or the financial services authority under the Indonesian government, the funds are spread across various capital market sectors, such as the stock market, obligation and currency markets. And our funds are not only bought for one share, but diversification into many potential domestic shares as well as foreign shares. We can see the list of stocks in the data on the mutual funds we choose. From the scattered investment, we will get returns according to market conditions, and also during the capital market operating hours from Monday to Friday.

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Investments in Bibit can also be started with a minimum fund, amounting to 100,000 rupiah or USD $7.5. From the funds we deposit and also the mutual funds we choose, it will get returns according to market conditions. Like I said at the beginning when market conditions are not good or when we get big profits, then we can sell our mutual funds right away or choose to keep them. The display and navigation are also very user-friendly. Many features are offered for the convenience of customers. So it is suitable for beginners like me who want to learn about the world of capital markets.

Interested in investing in mutual funds in Bibit? Indonesian citizens anywhere in the world can register as a Bibit customer as long as they have an electronic residency identity and a bank account at Indonesia. I registered from Taiwan some time ago, investing in Bibit can be a means for me to regularly save stocks. If you want to register in Bibit app use my referral code to get 25,000 rupiah or USD $2 cashback. My referral code dwiita14 []


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12 comments
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Mutual funds can be quite an effective investment. It is a good way for investments.

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I think so, so I decided for making investment in stock. Thank you so much for your support

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Bibit is a digital investing app that helps investors start investing free of commission. It is really amazing.

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Yeah...that's one the important thing. Thank you so much

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