OJK Directs Capital Market Funds towards National Development, Targeting Rp1,800 Trillion
REPUBLIKA.CO.ID, JAKARTA – Public funds in the capital market are beginning to be directed towards supporting national development financing. Over the next five years, their contribution is targeted at around Rp1,812.55 trillion. This figure forms part of the national investment needs for the 2025–2029 period, estimated at Rp47,573.45 trillion. Amid limited government funding capacity, the capital market is encouraged to take a larger share.
The Executive Head of the Capital Market, Derivative Finance, and Carbon Exchange Supervisory Authority of the Financial Services Authority (OJK), Hasan Fawzi, stated that this role is crucial as an alternative to financing outside the state budget.
“Certainly, amid the limited capacity of primary funding from the state budget, the capital market, including through instruments such as shares, bonds, and others, is expected to contribute. The target contribution is around 3.81 percent, equivalent to approximately Rp1,812 trillion,” Hasan said during the launch of the Pintar Reksa Dana programme and Mutual Fund Week 2026 at the Main Hall of the Indonesia Stock Exchange (BEI) in Jakarta on Monday (27/4/2026).
According to him, these funds essentially come from the public investing in various capital market instruments. Therefore, expanding the number of investors is key.
As of 24 April 2026, the number of capital market investors reached 26.12 million. The majority entered through mutual funds.
“The majority of investors start with mutual fund products and services, which serve as the main gateway for beginner investors,” Hasan said.
The dominance of young investors is also increasingly evident. As many as 54.71 percent of investors are under 30 years old. This situation is seen as both an opportunity and a challenge to improve literacy.
Alongside this, industry performance is also growing. The net asset value (NAV) of mutual funds stood at Rp710.29 trillion, up 5.18 percent year to date.
The Chairwoman of the Presidium of the Indonesian Mutual Fund and Investment Players Association (APRDI), Lolita Liliana, noted that public interest in investment continues to rise, although there is still ample room for growth.
“The number of investors is around 26 million, which is still about 8 percent of the population. So, there are certainly challenges and opportunities,” Lolita said.
She added that the number of mutual fund products has now exceeded 2,000, with managed funds over Rp700 trillion. When combined with investment management contracts, the total has surpassed Rp1,000 trillion.
To encourage participation, OJK, together with industry players, launched the “Pintar Reksa Dana” programme. This programme invites the public to invest regularly and in a planned manner.
These efforts are expected not only to increase the number of investors but also to build more disciplined investment habits. With a growing investor base, the capital market is hoped to become not just a place for investment but also a channel for the public to participate in financing development.