Jakarta, CNBC Indonesia – Fixed income mutual funds still appear as the mutual funds that generate the most profits year to date (YTD). This is proven in the performance of the fixed income mutual fund index which has grown 4.2% from the beginning of 2023 until now.
Edvisor.id data shows that a number of fixed income mutual funds have recorded a performance of more than 9% YTD. This amount certainly beats the returns on deposits and government securities (SBN) on the market.
Not just conventional ones, sukuk-based income mutual funds have also managed to record positive performance YTD.
Even though YTD the performance of sukuk-based fixed income mutual funds is still below conventional fixed income mutual funds, on a yearly basis there are two sukuk-based mutual funds whose performance has reached 9%.
As is known, the majority of fixed income mutual fund assets are long-term debt assets, both from SBN and from corporations.
This investment is often the choice for those who want to find an instrument with a low to moderate level of risk. Although capital and returns cannot be guaranteed, the rate of return on fixed income mutual funds more or less resembles the underlying asset, especially if it is not a bond or sukuk.
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