Finance Minister Purbaya confident IHSG can still reach 28,000 by 2030

Jakarta (ANTARA) - Finance Minister Purbaya Yudhi Sadewa is confident that the Composite Stock Price Index (IHSG) will still be able to break through the 28,000 level by 2030, despite experiencing volatility in 2026.

During the inauguration of the Planned and Periodic Mutual Fund Investment Programme (PINTAR Reksa Dana) and the opening of Mutual Fund Week 2026 at the Indonesia Stock Exchange (BEI) in Jakarta on Monday, Purbaya explained that IHSG growth would be driven by national economic expansion.

“Now (the IHSG level is) 7,000. Our expansion will continue until 2029-2030. That’s what I mean, it can (reach) 28,000,” Purbaya stated.

He said that the foundation of the economy would determine the IHSG value. Therefore, he continues to push various efforts that fiscal authorities can undertake to accelerate national economic growth.

On the other hand, he also sees opportunities from capital market players. Currently, more and more young people are starting to invest in the capital market, for example, Gen Z with a portion reaching 57 percent.

Nevertheless, he reminded young investors to be wary of investment risks and to learn from experts who understand how the stock market works.

“For young investors to succeed in investing, it’s not automatic that if you enter the stock market, you immediately become an expert. First, learn the knowledge, then you can profit higher than professionals in the capital market if you are indeed skilled. But if not, just follow along while learning,” he explained.

On that basis, he stated that the Planned and Periodic Mutual Fund Investment Programme (PINTAR Reksa Dana) by the Financial Services Authority (OJK) is the answer to investment risks.

The PINTAR Reksa Dana programme is an effort to increase market depth by encouraging public participation in the capital market, particularly through mutual fund instruments.

The programme also aligns with the eight action plans for reforming the integrity of the Indonesian capital market, which states that strengthening integrity is not only supported by governance quality but also by expanding public participation as investors in the capital market.

“Investing always carries risks. High risk, high gain. No risk, no gain. Low risk, low gain. There’s always that,” said Purbaya.

“The PINTAR programme is the answer to the risks inherent in traditional mutual funds,” he added.