Jakarta, CNBC Indonesia – One of the risks of investing in mutual funds is the liquidation or dissolution of a mutual fund. How about the money that has been placed by investors if the mutual fund disbands?
According to the Financial Services Authority Regulations number 23 of 2016 concerning Mutual Funds in the Form of Collective Investment Contracts, there are several things that can cause a mutual fund to be dissolved.
First, managed funds or asset under management (AUM) of a mutual fund is IDR 10 billion. If within 120 consecutive exchange days the funds under management of a mutual fund do not reach IDR 10 billion, then the mutual fund must be dissolved.
Second, if the mutual fund is a protected type, then the dissolution will be carried out when the bonds in the mutual fund are due.
When a mutual fund is dissolved, the assets in the mutual fund will be liquidated (liquidated). But for novice investors, they will certainly wonder where these funds have gone. Here is the full explanation.
Funds will be received proportionally
Matters related to liquidation have also been regulated in the mutual fund prospectus.
In essence, take it easy, because as an investor, your funds are placed in a custodian bank that performs the custodial (depository) function of the OJK. These funds are not kept by the investment manager or mutual fund selling agent (APERD) where you bought the mutual fund.
What is clear is that you will receive investment funds proportionally according to the NAV when the mutual funds are liquidated.
The funds will be received no later than seven trading days after the liquidation process is complete. And know that the Investment Manager must inform the investor of the dissolution of the mutual fund.
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