REPUBLIKA.CO.ID, JAKARTA - The Financial Services Authority (FSA) noted, the net asset value of mutual funds until May 27 last year amounted to Rp 333.6 trillion. This value up 11.8 percent compared to 2015 was recorded at Rp 271.9 trillion.

"From until May we can see industry grew 11.8 percent, which is encouraging than last year, and pretty consistent," said Department of the Capital Market Supervisory 2A, FSA, Fakhri Hilmi in Jakarta, Tuesday (31/5).

Fakhri added, in terms of the number of mutual funds rose 12 percent from 1091 in 2015 to 1193 on May 27 in 2016. According to him, the industrial growth continued to increase compared to previous years.

"So I think until May, industrial growth will be in an encouraging number 12 percent. If we compare 2015 to 2014 of which 12 percent is also my guess is still in line. Even better than 2013 and 2014 grew 9 percent and 10 percent," he explained.

As for Islamic mutual funds, he admitted that if growth is less encouraging, which is still below 5 per cent by number as many as 102 mutual funds, with a total net asset value amounted to Rp 8.8 trillion.

Fakhri said, although the increase is the same as the previous year, which is 12 percent, but said the growth is still quite high. Although it did not set a target, it is optimistic to increase.

"As of May both in the number, the investments and the net asset value, are enough to increase. As of mid-May it's been incredible that it has climbed 12 percent. I am optimistic that we could maintain this until the end of the year," he said.

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