IHSG Slumps: Top Investments for Maximum Returns
Jakarta, CNBC Indonesia - Indonesia’s stock market has recorded poor performance throughout 2026, as reflected by the Jakarta Composite Index (IHSG) plummeting nearly 30%.
The causes include economic turmoil from US trade tariffs imposed since last year, compounded by conflicts involving the US, Israel, and Iran worsening the situation.
Moreover, negative sentiment from MSCI towards Indonesia’s stock market has contributed to the weakening throughout 2026, leading to foreign capital outflows.
According to aggregate market data from the Indonesia Stock Exchange, total net foreign outflow, or net foreign selling, has exceeded Rp53.71 trillion year-to-date (YTD) 2026.
This pressure intensified in late May, with foreign funds withdrawing over Rp8.5 trillion on May 29, 2026 alone. Such significant outflows have strained market liquidity and eroded valuations of large-cap stocks, which have traditionally driven the IHSG’s movements.
As of May 29, 2026, the IHSG has fallen 29.14% year-to-date, ranking among the worst-performing indices globally. This places Indonesia at the bottom of major global stock indices.
Amidst the sluggish stock market, seeking low-risk investment alternatives to safeguard portfolios could be a viable strategy. What are the options?
- Conventional or Sharia-compliant Money Market Funds
Conventional and Sharia-compliant money market funds have shown resilience compared to other products during this period of uncertainty.
This is reflected in positive returns across various investment periods. For instance, five-year returns range from 3.65% to 3.9% annually, with some even achieving 16% over five years, making them among the highest performers.
- Conventional or Sharia-compliant Fixed Income Funds
Fixed income funds, both conventional and Sharia-compliant, have also delivered solid returns, with annual yields ranging from 2.77% to 3.56%.
- Gold
Gold, as a safe-haven asset, is a viable option during global volatility. Despite reaching $5,326.82 per troy ounce on March 2, 2026, global gold prices have since declined by 14.85% to $4,535.82 per troy ounce by May 29, 2026.
Morgan Stanley research maintains a target price of $5,200 per troy ounce by year-end. Amy Gower, Morgan Stanley’s metals and mining commodities strategist, stated that gold prices could still reach this level by December 2026.
- Fixed Deposits
Fixed deposits are low-risk investments with predetermined interest rates from the outset. They are also highly protected from market fluctuations, with funds insured by the Deposit Insurance Agency (LPS) at a current guarantee rate of 3.50%.
Bank Rakyat Indonesia (BRI) offers fixed deposit accounts with a minimum initial deposit of Rp1 million via internet banking and Rp10 million at physical branches.
As of May 2026, BRI provides attractive returns, particularly for short-term deposits. For a one-month term, interest rates range between 3.25% and 3.35%, depending on the deposit amount.
The highest rate of 3.50% is offered for three-month terms. For medium to long-term deposits (6, 12, 24, and 36 months), BRI maintains a flat rate of 3.00%.
BRI fixed deposits can also be accessed via the BRImo app with a minimum deposit of Rp1 million. Terms include one month (3% annual rate), three months (3%), six months (2.75%), 12 months (2.5%), and 24 months (2.5%).
To open a fixed deposit on BRImo, navigate to the investments section, select the deposit option, enter the desired amount, choose the tenure, and begin the investment.