OJK Highlights Vast Potential of Indonesia's Investment Management Industry - BCA Securities
The Financial Services Authority (OJK) has highlighted the vast potential of Indonesia’s investment management industry, given that assets under management (AUM) stand at Rp1,084 trillion, or just 4% of gross domestic product (GDP).
“Our AUM as of March (2026) has reached Rp1,084 trillion, up 3.97% from December (2025). It looks large at Rp1,084 trillion, but in terms of GDP, it’s only 4%,” said Maulana, Head of the OJK’s Regional Department for Investment Management and Capital Market Supervision (DPVR), during the APRDI Mutual Fund Socialisation and Education event at the Indonesia Stock Exchange (BEI) building in Jakarta on Monday.
Maulana noted that the AUM percentage for Indonesia’s investment management industry remains far below other ASEAN countries, such as Malaysia at 36% of GDP and Thailand at 30% of GDP.
“If we compare with neighbouring countries, Thailand is at 30% of GDP, Malaysia at 36% of GDP. So there’s still a big gap; there’s much that can still be pursued,” said Maulana.
On the other hand, the authority highlighted the significant growth in the number of mutual fund investors in Indonesia throughout the year.
“Now, there are 23.5 million mutual fund investors, a very large number; in December (2025), it was only 19.2 million, growing 8.14% year-to-date compared to 2025,” said Maulana.
Additionally, he pointed out the composition of mutual fund investors in Indonesia, which is dominated by the younger generation.
“What’s interesting is that 54% of investors are aged under 30. This is intriguing, meaning they are the productive, young age group,” said Maulana.
When compared to the number of working-age people, Maulana assessed that the potential for Indonesia’s investment management industry remains very large moving forward.
“Looking at BPS data, Indonesia’s population is 287 million, with 196 million in the productive age group between 15 and 64 years old. What does that mean? Compared to the 23 million (investors), there’s still plenty of opportunity. We’re aiming to turn that productive group into investors. There’s still a lot of potential,” said Maulana.
Meanwhile, Kristian Manullang, Director of Transaction and Compliance Supervision at BEI, revealed that the AUM specifically for mutual fund investment instruments reached Rp699.65 trillion as of March 2026.
He stated that this growth indicates that mutual funds have become one of the primary choices for the public in starting investments.
“Mutual funds offer portfolio diversification and professional management with relatively affordable access, making them suitable for beginner investors,” said Kristian.