1. Startups

Bareksa Inaugurates “BaTaRA” Robo Advisor, Licensed from OJK

Became the first startup to get an investment advisory license for the "robo advisor" platform

Bareksa, platforms marketplace mutual fund investment, inaugurate presence robo-advisor BaTaRA (Bareksa Tactical Robo Advisor) to the public after obtaining an "Investment Advisor" license from OJK dated April 21, 2021. The trial has been carried out for nine months, since August 2020 followed by 1000 customers.

In an official statement, Robo Advisor Bareksa provides tactical guidance and assistance for investors based on algorithms and artificial intelligence features. Then it is combined with an investment strategy formulated by a team of Bareksa analysts who have long experience in the area.

"We are very grateful and appreciate the support of the OJK which has granted the first investment advisory permit for robo-advisor in Indonesia. Insha Allah, we will take care of this trust as well as possible so that Bareksa's Robo Advisor becomes robo-advisor which is safer, more reliable, independent, and can provide maximum investment returns for the wider community," said Bareksa Co-Founder & CEO Karaniya Dharmasaputra, Monday (24/5).

During the trial period, the Bareksa analyst team continues to test performance in real terms and compare it with performance robo-advisor other. It is claimed that the return on investment based on BaTaRA's recommendations is more optimal, it can even outperform the Composite Stock Price Index (JCI).

He ensures that BaTaRA is fully independent and in favor of customers' interests. The methodology applied is transparent, independent, and regularly reported to the OJK as required by existing regulations. "We make sure that the investment recommendations from Robo Advisor Bareksa are 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 statically based on risk profiles, but also providing recommendations on the allocation of mutual funds needed to maximize investment returns.

BaTaRA recommendations are made dynamic, not static, by including the parameters of changes in capital market conditions and macroeconomics. In addition, to mitigate risk and maximize investment returns, the recommended products are made very selective, only selected mutual funds from the 15 best Investment Managers.

Separately, when contacted DailySocial, Karaniya said robo-advisor present because one of the triggers is the rapid growth of retail investors during the pandemic. “Most of them are new investors who are inexperienced and need guidance. Since the number is already so large, it is not possible to service manually. There needs to be robo that guides their investments to optimize their investment returns.”

Currently, Bareksa has 1,8 million customers, selling more than 120 mutual fund products from 33 investment managers in Indonesia.

"We hope that with the presence of Bareksa's Robo Advisor, investors can get safer services and enjoy maximum investment returns. Now customers can also have easy access to Investment Advisory services which are currently quite expensive for most people."

It's not only Bareksa who develops robo-advisor as an additional feature to its users, there are also Seeds which makes it a key proposition in capturing new customers.

OJK itself stipulates Investment Advisors and Investment Managers regulated in Law Number 8 of 1995 concerning the Capital Market (Capital Market Law). In the derivative rules, one of the licenses that must be fulfilled as an Investment Advisor is to have employees who have individual licenses as representatives of the Investment Manager. Licensing of Investment Manager representatives is regulated in POJK Number 31 of 2018.

Application Information Will Show Up Here
Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again

Sign up for our
newsletter

Subscribe Newsletter
Are you sure to continue this transaction?
Yes
No
processing your transactions....
Transaction Failed
try Again