Are Mutual Funds Safe on Pluang, and Are They Guaranteed by LPS?
Mutual funds on Pluang are safe from a regulatory standpoint, because they are regulated and supervised by OJK, but they are not guaranteed by LPS (Lembaga Penjamin Simpanan), and their value can go down as well as up. Mutual funds are a legal investment product under Law No. 8 of 1995 on Capital Markets and OJK implementing regulations. On Pluang, they are distributed by PT Sarana Santosa Sejati, an OJK-licensed Agen Penjual Efek Reksa Dana (APERD). Each fund is managed by its own Investment Manager, its assets are held by a licensed custodian bank supervised by OJK rather than by Pluang, and PT Kustodian Sentral Efek Indonesia (KSEI) acts as the transaction guarantor. LPS guarantees bank deposits, not mutual funds, so no institution guarantees the value of your units. So the risk that remains is investment risk: a fund's NAB per unit moves with the market value of what the fund holds.
- Regulator: OJK (Otoritas Jasa Keuangan) supervises mutual funds.
- Legal basis: Article 1 paragraph 27 of Law No. 8 of 1995 on Capital Markets, reinforced by OJK implementing regulations.
- Distributor on Pluang: PT Sarana Santosa Sejati, an OJK-licensed Agen Penjual Efek Reksa Dana (APERD).
- Fund management: Each fund's own Investment Manager decides how the fund's money is invested.
- Custody: Each fund's money and securities are stored on investors' behalf by a licensed custodian bank supervised by OJK.
- Transaction guarantor: PT Kustodian Sentral Efek Indonesia (KSEI).
- LPS guarantee: None. LPS guarantees bank deposits, not mutual funds.
- Returns: Not guaranteed. The NAB per unit can fall, and dividends are not guaranteed either.
- Where your sale proceeds go: Only to the bank account in your own name that you registered as your mutual fund bank, within a maximum of 7 business days.
- Before you invest: Check the fund's Risk Level on its asset page in the Pluang app, and read its Prospectus and Fund Fact Sheet at the bottom of the page.
Related questions:
Q: Are mutual funds guaranteed by LPS?
No. LPS (Lembaga Penjamin Simpanan) guarantees bank deposits, such as savings and time deposits, not investment products like mutual funds. A mutual fund's value depends on the market value of the stocks, bonds or money market instruments it holds, so it can fall, and no institution compensates you for that fall. What regulation does protect is the structure: the fund's assets sit with an OJK-supervised custodian bank, separate from the parties that sell and manage the fund.
Q: Are mutual funds on Pluang supervised by OJK?
Yes. Mutual funds are regulated under Law No. 8 of 1995 on Capital Markets and OJK implementing regulations, and OJK supervises them. On Pluang, mutual funds are distributed by PT Sarana Santosa Sejati, an OJK-licensed Agen Penjual Efek Reksa Dana (APERD). Each fund is managed by its own Investment Manager, and its assets are held by a licensed custodian bank supervised by OJK.
Q: Are mutual funds safe, or can I lose money?
You can lose money, so safe does not mean risk-free. A mutual fund's NAB per unit rises and falls with the market value of the instruments the fund holds, so the value of your units can drop below what you paid. Dividends are not guaranteed either. Each fund's asset page in the Pluang app shows its Risk Level and Max Drawdown 1Y, and its Prospectus explains the fund's main risks. Past performance does not guarantee future returns.
Q: Does Pluang hold my mutual fund money?
No. Each fund's money and securities are stored by that fund's custodian bank, a bank selected by the Investment Manager and approved by OJK, which holds them on investors' behalf. PT Sarana Santosa Sejati distributes the funds on Pluang as the selling agent. When you sell, the proceeds go only to the bank account in your own name that you registered as your mutual fund bank, within a maximum of 7 business days.
Q: Are mutual funds halal?
It depends on the fund. A sharia mutual fund is set up to follow sharia principles, as stated in its prospectus, so it invests only in instruments that meet those principles. As of September 2026, the mutual funds on Pluang include sharia funds alongside conventional ones, including several USD-denominated sharia funds. A sharia fund's NAB per unit can still fall, and sharia funds are not guaranteed by LPS either. To check a fund's investment policy, open its asset page, scroll to the bottom and tap "Prospectus".