OVO Services | Invest Introduces Newest Fixed Income Mutual Fund Products as OVO's Sustainable Innovation in Providing Digital Financial Services

In line with positive trends in society in terms of investment, the interest of novice investors in mutual fund products as an investment option is increasing. The Indonesian Central Securities Depository (KSEI) noted that the number of capital market investors reached 6,43 million people in September 2021. This number increased by 65,73 percent compared to the end of 2020 which reached 3,88 million people. Mutual fund investors themselves dominate the number of capital market investors, namely 5,78 million people or an increase of 82,18 percent from the end of 2020.

Understanding these developments, OVO is the leading digital payment, rewards and financial services platform in Indonesia, through the OVO | service Invest, launched the Bahana MES Syariah Fund Class O Fixed Income Mutual Fund investment product as the Indonesian people's choice for investment that is safe, easy, affordable and provides the potential for high returns. This product is a collaboration with Bareksa and Bahana TCW Investment Management — the second largest investment manager in Indonesia.

Karaniya Dharmasaputra, President Director of OVO and CEO/Co-founder of Bareksa, expressed his optimism and enthusiasm for the launch of the newest investment product from the OVO | Invest. “One of OVO's commitments is presented through the OVO | service Invest is by continuing to make various breakthroughs in terms of integration between e-money and e-investment. After previously successfully presenting a money market mutual fund product which was greeted with a positive response, especially by novice investors, this time we also have high optimism regarding the Bahana MES Syariah Fund Class O Fixed Income Mutual Fund investment product. This product is the result of collaboration with Bareksa and Bahana TCW Investment Management provide choices to investors, especially those with a moderate or intermediate risk profile. "Through the spirit of #OVOWalkContinuously, OVO invites people to invest in a way that is safe, easy, affordable but has the potential for high returns."

"This is OVO's innovation in strengthening its position in financial services which provides a choice of mutual fund products, both conventional and sharia-based. "The increasingly diverse OVO portfolio in financial services, especially investment, increasingly shows that OVO has a broad ecosystem and use, not just as a digital payment tool but also as a comprehensive financial service," continued Karaniya.

Rukmi Proborini, President Director of Bahana TCW Investment Management, explained, "The trend of changing investment patterns and the high public interest in investment in the midst of the pandemic are interesting things to observe. To answer and fulfill people's needs for investment that meets expectations, facilities are needed both in terms of products and services. "We are confident that our efforts through the Bahana MES Syariah Fund Class O Fixed Income Mutual Fund investment product can meet people's needs for investments with the potential for high returns but quite low risk."

The Bahana MES Syariah Fund Class O Fixed Income Mutual Fund offers investment options starting from IDR 10 thousand where later users have the potential to get returns of up to 6,7% percent per year. 3 The advantage of this product is the response to the response and interest of 8 out of 10 active users OVO to invest in fixed income mutual fund products available through the OVO | service Invest .

Three reasons for interest include being able to start investing with just IDR 10 thousand with OVO Cash and the potential for historically high returns of up to 6,7% per year. 4 This product is believed to be suitable for those who have short to medium term financial goals between 1 to 3 years.