What Is a Sharia Mutual Fund, and Are There Any on Pluang?
A sharia mutual fund is a fund structured to follow sharia principles, as set out in its prospectus, so it invests only in instruments that meet those principles, and yes, Pluang offers them. As of September 2026, the mutual fund range on Pluang includes sharia mutual funds alongside conventional funds, including several USD-denominated sharia funds. Examples on Pluang include Batavia Dana Saham Syariah, Sucorinvest Sharia Equity Fund, Sucorinvest Sharia Money Market Fund, Bahana MES Syariah Fund Kelas G, BNI-AM Dana Lancar Syariah and BNI-AM Dana Pendapatan Tetap Syariah Ardhani, plus four USD sharia funds. The line-up can change, so the Pluang app always shows the current list. A sharia fund's value still moves with the market: its NAB per unit can go down, and its returns are not guaranteed. Before you buy, read the fund's Prospectus, at the bottom of its asset page, which sets out its investment policy, strategy and risks. Sharia funds follow the same buying, selling and fee rules as other mutual funds on Pluang.
Sharia mutual funds on Pluang (as of September 2026)
| Fund | Investment manager | Good to know |
|---|---|---|
| Batavia Dana Saham Syariah | Batavia | Available for switching |
| Sucorinvest Sharia Equity Fund | Sucor | Available for switching |
| Sucorinvest Sharia Money Market Fund | Sucor | A sharia money market fund; available for switching |
| Bahana MES Syariah Fund Kelas G | Bahana | Available for switching |
| BNI-AM Dana Lancar Syariah | BNI | Not available for switching |
| BNI-AM Dana Pendapatan Tetap Syariah Ardhani | BNI | Pays dividends every six months (not guaranteed) |
| Batavia Global ESG Sharia Equity USD | Batavia | USD fund; not available for switching |
| Bahana US Opportunity Sharia Equity USD | Bahana | USD fund; not available for switching |
| Eastspring Syariah Equity Islamic Asia Pacific USD Kelas A | Eastspring | USD fund; not available for switching |
| Eastspring Syariah Greater China Equity USD Kelas A | Eastspring | USD fund; not available for switching |
- Current list: The line-up can change. Search for a fund in the Pluang app and open its asset page to check that it is available.
- How to read a fund's investment policy: Open the fund's asset page, scroll to the bottom and tap "Prospectus" to read its Prospectus and Fund Fact Sheet.
- Before you buy: Complete Indonesian Asset Verification (Account → Identity Verification → Indonesian Asset Verification). Step-by-step guide: "Langkah-langkah pembelian Reksa Dana di Pluang".
- Fees (as of September 2026): An admin fee of Rp4,500 (GoPay) or Rp5,500 (Virtual Account) per purchase, plus 11% VAT on the admin fee. Fund costs are already included in the NAB.
Related questions:
Q: Are mutual funds halal?
Pluang offers both sharia and conventional mutual funds. If you want to invest in line with sharia principles, choose a sharia mutual fund: it is structured to follow sharia principles, as set out in its prospectus, and invests only in instruments that meet those principles. The prospectus is the document that describes each fund's investment policy, so read it before you buy: open the fund's asset page in the Pluang app, scroll to the bottom and tap "Prospectus". If you need guidance for your own situation, a sharia adviser can help you assess a fund.
Q: Are sharia mutual funds safer or guaranteed?
No. Being sharia describes what a fund may invest in, not how much risk it carries. A sharia equity fund invests in stocks and still carries stock market risk, while a sharia money market fund holds short-term instruments and carries lower risk. In every case, the NAB per unit can go down and returns are not guaranteed. Check each fund's Risk Level on its asset page in the Pluang app before you invest.
Q: Can I switch between sharia mutual funds on Pluang?
Yes, if both funds are managed by the same investment manager and are available for switching, for example from Sucorinvest Sharia Equity Fund to Sucorinvest Sharia Money Market Fund. As of September 2026, BNI-AM Dana Lancar Syariah and the four USD sharia funds are not available for switching. Switching is free, and the amount must be at least 105% of the target fund's minimum purchase or minimum ownership.
Q: Are there USD sharia mutual funds on Pluang?
Yes. As of September 2026, examples include Batavia Global ESG Sharia Equity USD, Bahana US Opportunity Sharia Equity USD, Eastspring Syariah Equity Islamic Asia Pacific USD Kelas A and Eastspring Syariah Greater China Equity USD Kelas A. USD mutual funds cannot be switched yet, so to move out of one you sell it rather than switch it. Their value in rupiah also moves with the US dollar exchange rate.
Q: Do any sharia mutual funds on Pluang pay dividends?
As of September 2026, BNI-AM Dana Pendapatan Tetap Syariah Ardhani is on Pluang's list of dividend-paying funds and distributes every six months. Dividends are paid as additional units of the same fund, and to receive one you must hold units up to the fund's cum date. The amount is set by the investment manager based on the fund's performance and policies, and it is not guaranteed.