What Is a Money Market Mutual Fund, and Can I Buy One on Pluang?
A money market mutual fund (reksa dana pasar uang) is a mutual fund that invests only in short-term instruments, such as bank deposits and debt securities that mature within one year, and yes, you can buy one on Pluang. Money market is one of the four mutual fund types on Pluang, alongside fixed income, equity and balanced funds, and funds are grouped by type in the Pluang app. As of September 2026, examples include Pinnacle Money Market Fund and Sucorinvest Sharia Money Market Fund; the app always shows the current line-up. A money market fund carries lower risk than an equity fund, but its value is not guaranteed: its NAB per unit can still go down, and its returns are not fixed. Its performance is usually compared with bank deposit interest. On Pluang, it follows the same rules as other mutual funds: Indonesian Asset Verification first, a 13:00 WIB cut-off time, and sale proceeds within a maximum of 7 business days.
Money market mutual funds at a glance
| Topic | Details |
|---|---|
| What it invests in | Only short-term instruments, such as bank deposits and debt securities that mature within one year. |
| Risk | Lower than an equity fund, but not zero. The NAB per unit can go down, and returns are not guaranteed. |
| Benchmark generally used | Bank deposit interest. |
| Examples on Pluang (as of September 2026) | Pinnacle Money Market Fund and Sucorinvest Sharia Money Market Fund. The current list is in the Pluang app. |
| Before you buy | Complete Indonesian Asset Verification (Account → Identity Verification → Indonesian Asset Verification). Review takes 1–2 business days. |
| Price and cut-off | Priced at the NAB per unit, updated once per exchange trading day between 21:00 and 24:00 WIB. Orders before 13:00 WIB get that day's NAB; later orders get the next trading day's NAB. |
| Selling | Minimum sale Rp100,000. Proceeds go to your registered mutual fund bank account within a maximum of 7 business days. |
| Fees (as of September 2026) | Admin fee on purchases of Rp4,500 with GoPay or Rp5,500 with Virtual Account, plus 11% VAT on the admin fee. Fund costs are already included in the NAB and listed in the Prospectus. Pluang does not charge you stamp duty. |
| Switching | As of September 2026, both examples are available for switching into another fund from the same investment manager. Switching is free. |
- How to buy: Open the Pluang app, search for the fund, choose it on the Mutual Fund page and tap Buy. Step-by-step guide: "Langkah-langkah pembelian Reksa Dana di Pluang".
- How to sell: From Portfolio, choose the fund and tap Sell. Step-by-step guide: "Cara Menjual Reksa Dana".
- Where proceeds go: To the bank account in your own name that you registered for mutual fund payouts. Step-by-step guide: "Menambahkan Bank untuk Pencairan Reksa Dana".
Related questions:
Q: Can a money market mutual fund lose money?
Yes, it can. A money market fund carries lower risk than an equity fund because it holds only short-term instruments, but its NAB per unit still moves with the value of those instruments and is not guaranteed. If you sell when the NAB is below your average purchase price, you make a loss. Lower risk means smaller expected swings in value, not a promise that the value only goes up.
Q: How long does it take to cash out a money market mutual fund on Pluang?
It follows the same timing as every mutual fund on Pluang, and the money does not arrive on the same day. A sale before 13:00 WIB on an exchange day is processed at that day's NAB and verified by the investment manager on the next business day; a later sale moves to the next exchange day and takes 2 exchange days to verify. The proceeds reach your registered mutual fund bank account within a maximum of 7 business days, the limit set by OJK, counted from when the investment manager receives your sell order. The minimum sale is Rp100,000.
Q: Is a money market mutual fund guaranteed by LPS, like a bank deposit?
No. A bank deposit is a bank product with an interest rate agreed in advance, and it is covered by the LPS deposit guarantee within its limits. A money market fund is an investment product: you own units whose NAB changes every trading day, its returns are not fixed, and it is not covered by the LPS guarantee. That is why a money market fund's return is usually compared with bank deposit interest, to see whether it has earned more.
Q: Are money market mutual fund gains taxed?
No. Mutual fund gains, including gains from money market funds, are exempt from income tax under Article 4(3) of the Income Tax Law (PPh Pasal 4 ayat 3). Pluang's Tax Report covers mutual funds: it shows your total realised profit or loss for a calendar year, and you can download it yourself under Account → Reports → Tax Report once that year has ended. Filing your annual tax return (SPT Tahunan) is still your own responsibility, so ask a tax consultant if you are unsure.
Q: Which money market mutual funds can I buy on Pluang, and is there a sharia one?
As of September 2026, examples include Pinnacle Money Market Fund and Sucorinvest Sharia Money Market Fund. Sucorinvest Sharia Money Market Fund is a sharia money market fund: a fund structured to follow sharia principles, as set out in its prospectus. The line-up can change, so check the Pluang app for the current list: mutual funds are grouped by type, and each fund's asset page shows its Product Type, Risk Level and AUM. Scroll to the bottom of the asset page to read its Prospectus and Fund Fact Sheet before you buy.