Government Drafting Fiscal Incentives for Mutual Fund Investors

The government is considering providing fiscal support and incentives to boost mutual fund investors through the Planned and Periodic Investment Programme (PINTAR). OJK Commissioner Chair Friderica Widyasari Dewi stated that strengthening the mutual fund ecosystem could drive the deepening of Indonesia’s capital market. To achieve this, support from all parties is needed. “Then, to Mr Finance Minister, we are requesting fiscal policy support for the mutual fund ecosystem. But I have already disclaimed to Mr Finance Minister first, please convey what the prerequisites are if you want support for how to develop mutual funds going forward,” Friderica, often called Kiki, said at the Indonesia Stock Exchange building in Jakarta on Monday (27/4/2026). In response, Finance Minister Purbaya Yudhi Sadewa promised to provide incentives if the Planned and Periodic Investment Programme (PINTAR) runs according to plan in the next six months. “If the programme runs well, let’s say six months from now, you can come to me to ask for incentives,” Purbaya said after the event opening. Furthermore, the incentives for the capital market include income tax (PPh). The hope is that fund raising in the capital market can drive the national economy. “Yes, later I will see while it’s running, we can reduce the Income Tax, for example. From there, it can be gradual,” he emphasised. “Because I have an interest in the financial sector, right, the money from there can be used, can buy bonds, can buy this. That will also run the economy in the end, maybe I thought it was a bit of a loss at first, but in the end I gain because there is additional money that can move the economy,” he concluded. Purbaya also encouraged the younger generation to start investing through mutual fund instruments as an initial step into the capital market. This is because increasing the number of domestic investors is key to strengthening market resilience.