SBC Indonesia, in collaboration with Batavia Prosperindo Asset Managemen (BPAM), has launched the mutual fund product Batavia India Sharia, a solution for high-net-worth investors who want to expand their investment portfolio in the Indian market while adhering to Sharia principles.・Jointly developed Equity USD (BISE). .
A report published by HSBC Affluent Investor Snapshot 2024 revealed that out of 500 respondents, on average, they own 5-6 investment products in their portfolio. Indonesia’s numbers were the highest compared to respondents from other countries. The report also found that 57% of respondents plan to increase portfolio diversification by investing in other countries.
The International Monetary Fund (IMF) revealed in the July issue of its World Economic Outlook (WEO) publication that India’s economic growth rate increased to 7% this year, higher than the 6.8% previously predicted by the IMF and WEO. I made it. The Indian stock market is the fourth largest in the world, making it a very attractive option for global investors seeking exposure to developing markets with rapid growth potential. This has led to a significant rise in the quality of Indian stocks in the MSCI Emerging Markets Index over the past few years.
This is in line with the HSBC Quality of Life Report 2024 in several other countries, including Singapore, the United Arab Emirates (UAE) and the US, where India is a popular choice among high-net-worth investors. There is.
“We are pleased to have the opportunity to work with BPAM to roll out BISE to HSBC Indonesia’s customers, seeing the high enthusiasm of Indonesian investors to take advantage of diversification in their investment portfolios. It is a testament to our commitment to providing investment product options that can meet their personal preferences to achieve their desired portfolio diversification goals.” Director Rani Hendra said.
“The products we have launched complement the diverse range of offshore mutual fund options that we have previously rolled out.Currently, our clients are looking at the growth potential of global equity markets, particularly India, which is experiencing rapid economic growth. It’s easy to notice gender,” she added.
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“Compared to other major countries in the world, India has recorded the highest economic growth. India is supported by government reforms, a highly productive population, and a strong talent pool in the information technology (IT) sector. It has evolved into a country with unique investment appeal in the Asia-Pacific region and other emerging markets. Today, India has become an emerging investment destination and a leading destination for manufacturing relocation globally.” said Lilith Setiadi, President and Director of BPAM.
“By partnering with Investco, an experienced technical advisor in the Indian stock market, BISE, as one of the first distributors of mutual funds, will be able to enhance and leverage the portfolio performance of HSBC Indonesia’s key clients. I am convinced,” she said.
BISE aims to generate profit potential through equity investments in Indian companies that operate in accordance with Sharia principle compliant investment policies. BISE addresses core themes evolving in India, including digitization, increasing consumer spending and reviving manufacturing.
Rany further said that HSBC Indonesia customers can purchase BISE for a minimum of USD 10,000 at HSBC Indonesia branches nationwide with the assistance of a relationship manager.
“Customers can also purchase mutual fund products through an application called HSBC Mobile Banking, which has the ability to assist in opening investment accounts online,” Ranney pointed out.
Always focused on providing best-in-class services and products to its customers, HSBC Indonesia won the Best Wealth Management Award at the 13th Infobank Isensia Digital Brand Awards 2024, the International at ABF Retail – Received several awards including Retail Bank of the Year. Received the Indonesian Bank Award and Best Wealth Manager Award at the Asset Asian Awards (AAA) for 7 consecutive years.
Source: HSBC
