What Types of Mutual Funds Are on Pluang, and How Do They Differ?
Pluang offers four types of mutual funds: money market, fixed income, equity and balanced funds. They differ mainly in what they invest in, and that drives how much their value can swing and how long investors typically hold them. A money market fund holds only short-term instruments, such as bank deposits and debt securities maturing within a year, and carries the lowest risk of the four. A fixed income fund invests mainly in bonds, so its value moves with bond prices and interest rates. An equity fund invests mainly in stocks and carries the highest risk, with the largest potential swings, which suits a longer horizon. A balanced fund spreads its money across stocks, bonds and money market instruments. As of September 2026, Pluang has 80+ mutual funds grouped by type in the app, including sharia and USD-denominated funds, and each fund's asset page shows its Product Type and Risk Level. No type guarantees returns.
How the four types differ
| Type | What it mainly invests in | Risk | Typical horizon | Benchmark generally used |
|---|---|---|---|---|
| Money market | Only short-term instruments: bank deposits and debt securities maturing within one year | Lowest of the four | Short term | Bank deposit interest |
| Fixed income | Mainly debt securities such as bonds (under OJK rules, at least 80% of the portfolio) | Moderate; moves with bond prices and interest rates | Medium term | A bond index, such as INDOBeX, the Indonesia Composite Bond Index (ICBI) or the IBPA Index |
| Equity | Mainly stocks (under OJK rules, at least 80% of the portfolio) | Highest of the four | Long term | An Indonesian stock index, such as IHSG, IDX30 or LQ45 |
| Balanced | A mix of stocks, bonds and money market instruments | Between fixed income and equity, depending on the mix | Medium to long term | Depends on the mix; see the fund's Fund Fact Sheet |
Examples on Pluang (as of September 2026)
- Money market: Pinnacle Money Market Fund, Sucorinvest Sharia Money Market Fund.
- Fixed income: Batavia Dana Obligasi Ultima, Eastspring IDR Fixed Income Fund Kelas A, Syailendra Pendapatan Tetap Premium.
- Equity: Batavia Dana Saham, Sucorinvest Equity Fund, Pinnacle Strategic Equity Fund.
- Balanced: Syailendra Balanced Opportunity Fund Kelas A, BNI-AM UGM Progressive Balanced.
- Current list: The line-up can change, so check the Pluang app, where funds are grouped by type.
Other differences between funds
- Sharia or conventional: Sharia funds exist in more than one type, for example Sucorinvest Sharia Money Market Fund and Sucorinvest Sharia Equity Fund.
- Currency: Several funds are USD-denominated. USD mutual funds cannot be switched yet.
- Dividends: Only some funds pay dividends. As of September 2026, 10 mutual funds on Pluang do, and payments are not guaranteed.
- Costs: Each fund's costs differ, are already included in its NAB and are listed in its Prospectus.
Related questions:
Q: What is the difference between a money market fund and a fixed income fund?
The length and type of what they hold. A money market fund holds only short-term instruments, such as deposits and debt securities maturing within a year, so its value tends to move less. A fixed income fund invests mainly in bonds, often with longer maturities, so its NAB reacts more to changes in bond prices and interest rates and can fall further. Money market funds are usually compared with deposit interest, and fixed income funds with a bond index.
Q: Which type of mutual fund has the highest risk?
Equity funds, because they invest mainly in stocks, whose prices can rise and fall sharply. Balanced funds sit between fixed income and equity funds depending on their mix, and money market funds carry the lowest risk of the four. Lower risk does not mean no risk: every type's NAB per unit can go down, and returns are never guaranteed. Each fund's Risk Level is shown on its asset page in the Pluang app.
Q: How can I see a fund's type on Pluang?
Open the fund's asset page in the Pluang app. It shows the fund's Product Type and Risk Level, along with its AUM, 1Y Annualised Volatility, 1Y Sharpe Ratio and Max Drawdown 1Y. Scroll to the bottom and tap "Prospectus" to read the fund's Prospectus and Fund Fact Sheet, which describe what the fund invests in and how its assets are allocated.
Q: Can I move my money from one type of mutual fund to another?
Yes, by switching, as long as both funds are managed by the same investment manager and the target fund is available for switching. You can switch into money market, fixed income, equity and balanced funds, but USD mutual funds cannot be switched yet. Switching is free, and the amount must be at least 105% of the target fund's minimum purchase or minimum ownership. Otherwise, you sell one fund and buy the other as two separate transactions.
Q: Which type of mutual fund suits a beginner?
No single type suits every beginner: it depends on your goals, how long you plan to stay invested and how much of a fall in value you can accept, and the choice is yours. In general, a shorter horizon and a lower tolerance for losses point toward lower-risk types, while a longer horizon leaves more room for types whose value swings more. Read each fund's Prospectus and Fund Fact Sheet and compare its Risk Level before you decide.