Choose Mutual Fund

Choose Reksa Fund Appropriate Risk Character

Investor can choose reksa fund as according to risk character and investment each aim. better, invest fund at all kinds reksa fund with composition as according to need. in general reksadana divided in 4 (four) categories, actually this category is accustommed with type risk from investor as according to portofolio desirable investor that is, reksadana share, mixture, fixed income and money market. Equity reksa fund a large part around 80% - 90 % invested at share, as to reksa fund mixture allocated the investment is laided to share and debenture according to proposional part, reksa fund fixed income a part the fund is laided in portofolio that produce fixed rate of return (fixed) likes debenture, while reksadana fund location money market in debt mail instrument berjangka be one time (1) year, deposit with SBI.

Based on risk, equity reksa fund occupieds topmost position then reksa fund mixture then reksa fund fixed income and the risk smallest reksa fund money market. Investor before buy reksa fund best discuse formerly with investment manager or seller agency deputy reksa fund, tell to what your finance aim with buys reksa fund, investment manager will give appropriate suggestion with a purpose to and your character and very suggested laid fund not only in one product kind reksa fund but at several kinds reksa fund so that produced profit optimum.
Besides quality and also payed attention also cost - arising out cost don't until existing cost smaller than investment result reksa fund whom you have chosen. don't forget after buy reksa fund to monitor performance your reksa fund according to periodically, usually good investment manager will give suggestion to you when moment subscribe or redemption. Have nice investing! !

Memilih Reksadana

Memilih Reksadana Sesuai Karakter Resiko

Investor bisa memilih reksadana sesuai dengan karakter resiko dan tujuan investasi masing – masing. Akan lebih baik, menginvestasikan dana di semua jenis reksa dana dengan komposisi sesuai dengan kebutuhan.
Pada umumnya reksadana dibagi dalam 4 ( empat ) kategori, sebenarnya kategori ini disesuaikan dengan type resiko dari investor sesuai dengan portofolio yang diinginkan investor yaitu, reksadana saham, campuran, pendapatan tetap dan pasar uang. Reksa dana saham sebagian besar sekitar 80% – 90 % diinvestasikan di saham, adapun reksadana campuran pengalokasian investasinya ditempatkan ke saham dan obligasi secara merata, reksadana pendapatan tetap sebagian dananya ditempatkan pada portofolio yang menghasilkan tingkat pengembalian tetap ( fixed ) seperti obligasi, sedangkan reksadana pasar uang penempatan dana pada instrumen surat utang berjangka waktu di bawah satu ( 1 ) tahun, deposito serta SBI. Berdasarkan resiko reksadana saham menempati posisi paling atas kemudian reksadana campuran terus reksadana penadpatan tetap dan yang paling kecil resikonya adalah reksadana pasar uang.

Investor sebelum membeli reksa dana sebaiknya berdiskusi dulu dengan Manager Investasi atau Wakil Agen Penjual Reksa Dana, kemukakan apa tujuan keuangan Anda dengan membeli reksa dana tersebut, Manager Investasi akan memberikan saran yang sesuai dengan tujuan dan karakter Anda dan sangat disarankan menempatkan dana tidak hanya di dalam satu jenis produk reksa dana saja tetapi di beberapa jenis reksa dana sehingga akan dihasilkan keuntungan yang optimum. Selain itu kualitas dan integritas Manager Investasi juga diperhatikan juga biaya – biaya yang timbul jangan sampai biaya yang ada lebih kecil dari hasil investasi reksa dana yang Anda pilih. Jangan lupa setelah membeli reksa dana untuk memonitor kinerja reksa dana Anda secara berkala, biasanya Manager Investasi yang baik akan memberikan saran kepada Anda kapan saat Subscribe atau redemption. Selamat berinvestasi!!!

Laporan Keuangan Perusahaan

LAPORAN KEUANGAN PERUSAHAAN

Di pasar modal, laporan keuangan merupakan informasi yang menggambarkan kinerja perusahaan, terlebih bagi perusahaan yang sahamnya telah tercatat dan diperdagangkan di bursa. Informasi yang terdapat dalam laporan keuangan dapat memberikan gambaran tentang kinerja perusahaan sedemikian sehingga informasi tersebut dapat memberikan landasan bagi keputusan investasi.
Pada dasrnya penyusunan Laporan keuangan Perusahaan dimaksudkan sebagai lat Bantu bagi manajemen ( intern ) untuk mengetahui kondisi keuangan sehingga dapat menentukan kebijakan keuangan secara tepat. Sedangkan bagi pihak luar ( pemodal maupun kreditur ) laporan keuangan dapat dipakai sebagai alat untuk pengambilan keputusan dalam melakukan investasi.

Komponen Laporan Keuangan

NERACA
Neraca merupakan laporan yang menggambarkan posisi keuangan, yang menunjukkan aktiva, kewajiban dan ekuitas dari suatu perusahaan pada tanggal tertentu. Dalam neraca, aktiva lancar disajikan terpisah dari aktiva tidak lancar dan kewajiban lancar dipisah dari kewajiban tidak lancar, kecuali untuk industri tertentu yang diatur secara khusus. Aktiva lancar disajikan menurut ukuran likuiditas sedangkan kewajiban disajikan menurut urutan jatuh temponya.
Komponen utama Neraca :

1. Aktiva
   Aktiva Lancar

• Kas dan Setara Kas
• Investasi jangka pendek
• Wesel tagih
• Piutang usaha
• Piutang lain – lain.
• Persediaan
• Pajak dibayar dimuka
• Biaya dibayar dimuka
• Aktiva lancar lain – lain.

Aktiva Tidak Lancar

• Piutang Hubungan Istimewa
• Aktiva Pajak Tangguhan
• Investasi pada Perusahaan Asosiasi
• Investasi jangka panjang lain
• Aktiva tetap
• Aktiva tak berwujud
• Aktiva lain – lain

2. Kewajiban

Kewajiban Lancar

• Pinjaman jangka pendek
• Wesel bayar
• Hutang usaha
• Hutang pajak
• Beban masih harus dibayar
• Bagian kewajiabn jangka panjang yang akan jatuh tempo dalam waktu satu tahun
• Kewajiban lancar lain – lain.

Kewajiban Tidak Lancar

• Hutang hubungan istimewa
• Kewajiban pajak tangguhan
• Pinjaman jangka panjang
• Hutang sewa guna usaha
• Hutang obligasi
• Kewajiban tidak lancar lainnya
• Hutang subordinasi
• Obligasi konversi

3. Hak Minoritas

4. Ekuitas

• Modal saham
• Tambahan modal disetor
• Selisih kurs karena penjabaran laporan keuangan
• Selisih transaksi perubahan ekuitas anak perusahaan / perusahaan asosiasi
• Selisih nilai transaksi restrukturisasi Entitas sepengendali
• Keuntungan ( kerugian ) yang belum direalisasi dari efek tersedia untuk dijual.
• Selisih penilaian kembali Aktiva Tetap
• Saldo laba
• Modal saham diperoleh kembali.

LAPORAN LABA RUGI
Laporan laba rugi merupakan ringkasan aktivitas usaha perusahaan untuk periode tertentu yang melaporkan hasil usaha bersih atau kerugian yang timbul dari kegiatan usaha dan aktivitas lainnya.
Komponen utama laporan laba rugi yang diuraikan di bawah ini menggunakan metode beban fungsional. Bagi jenis – jenis industri tertentu dimungkinkan untuk menggunakan metode lain yang telah ditentukan.
Komponen Utama Laporan Laba Rugi.

1. penjualan bersih atau pendapatan usaha
2. beban pokok penjualan
3. laba ( rugi ) kotor
4. beban usaha
5. laba ( rugi ) usaha
6. penghasilan ( beban ) lain – lain
7. bagian laba ( rugi ) Perusahaan asosiasi
8. laba ( rugi ) sebelum pajak penghasilan.
9. beban ( penghasilan ) pajak
10. laba ( rugi ) dan aktivitas normal
11. pos luar biasa
12. laba ( rugi ) sebelum hak minoritas
13. hak minoritas atas laba ( rugi ) bersih anak perusahaan
14. laba ( rugi ) bersih
15. laba ( rugi ) per saham dasar
16. aba ( rugi ) per saham dilusi.

LAPORAN PERUBAHAN EKUITAS
Laporan perubahan ekuitas adalah laporan yang menunjukkan perubahan ekuitas perusahaan yang menggambarkan peningkatan atau penurunan aktiva bersih atau kekayaan selama periode pelaporan.
Laporan ini harus menyajikan :

1. Laba ( rugi ) bersih periode pelaporan.
2. setiap pos pendapatan dan beban, keuntungan atau kerugian yang diakui secara langsung dalam ekuitas.
3. pengaruh kumulatif dari perubahan kebijakan akuntansi dan koreksi atas kesalahan mendasr.
4. transaksi modal dengan pemilik dan distribusi kepada pemilik, antara lain berupa penyetoran modal saham dan pembagian deviden.
5. saldo akumulasi laba atau rugi pada awal dan akhir periode serta perubahannya.
6. rekonsiliasi antara nilai tercatat dari masing – masing jenis modal ditempatkan dan disetor penuh, tambahan modal disetor di pos – pos ekuitas lainnya pada awal dan akhir periode yang mengungkapkan secara terpisah setiap perubahan.

LAPORAN ARUS KAS
Laporan ini menunjukkan penerimaan dan pengeluaran kas dalam aktivitas perusahaan selama periode tertentu dan diklasifikasikan menurut aktivitas operasi, investasi dan pendanaan.
Komponen utama laporan arus kas :

1. Arus kas dari aktivitas operasi, adalah arus kas yang terutama diperoleh dari aktifitas penghasil utama pendapatan perusahaan, oleh karena itu arus kas ini pada umumnya berasal dari transaksi dan peristiwa lain yang mempengaruhi penetapan laba ( rugi ) bersih. Arus kas dari aktivitas operasi antara lain dapat berupa arus kas dari transaksi penjualan, pembayaran kepada pemasok, karyawan, bunga, beban operasional lainnya dan pajak penghasilan. Perusahaan harus menyajikan arus kas dari aktivitas operasi dengan menggunakan metode langsung ( direct method ).
2. Arus kas dari aktivitas investasi, adalah arus kas dari aktivitas investasi mencerminkan penerimaan dan pengeluaran kas sehubungan dengan perolehan dan atau pelepasan sumber daya yang bertujuan untuk menghasilkan pendapatan dan arus kas masa depan. Arus kas dari aktivitas investasi antara lain dapat berasal dari transaksi pembelian dan penjualan aktiva tetap, aktiva tak berwujud, dan aktiva lain, serta uang muka dan pinjaman yang diberikan kepada pihak lain. Tidak termasuk di sini adalah penempatan dana perusahaan untuk jangka pendek seperti deposito yang kurang dari satu tahun dan investasi pada efek untuk diperdagangkan.
3. Arus kas dari aktivitas pendanaan, adalah arus kas dari aktivitas pendanaan timbul dari penerimaan dan pengeluaran kas sehubungan dengan transaksi pendanaan jangka panjang dengan pemegang saham perusahaan dan kreditur. Arus kas dari aktivitas pendanaan antara lain dapat berupa penerimaan kas dari emisi saham dan obligasi, pembayaran deviden, serta pelunasan pinjaman.

CATATAN LAPORAN KEUANGAN
Catatan laporan keuangan memberikan penjelasan mengenai gambaran umum perusahaan, ikhtisar kebijakan akuntansi, penjelasan pos – pos laporan keuangan dan informasi penting lainnya.

History of Indonesia Stock Exchange

History of Indonesia Stock Exchange

Historicly, capital market has presented far before independent indonesia. capital market or effect exchange has presented since dutch colonial age and precisely in the year 1912 at batavia. Capital market at the time founded by dutch indies government for the sake of colonial government or VOC. Although capital market have been there since year 1912, development and capital market growth doesn't walk such as those which supposed, even in several capital market activity periods experiences emptiness. The mentioned is caused by several factors has liked world war I and II, power transfer from colonial government to indonesia republic government, and various condition that causes effect exchange operation can not as must it. Indonesia republic government activates to return capital market in the year 1977, and some years then capital market experiences growth along with various incentive and regulation that taked outside government. In a word, capital market development pillar in indonesia visible as follows:

• 14 december 1912: first effect exchange in indonesia is formed at batavia by dutch indies government.
• 1914 - 1918: effect exchange at batavia closed during world war I.
• 1925 - 1942: effect exchange at jakarta opened to return together with effect exchange at semarang and surabaya beginning year 1939 because policies rumors (world war II) effect exchange at semarang and surabaya closed.
• 1942 - 1952: effect exchange at jakarta closed to return during world war II.
• 1952: effect exchange at jakarta activate to return with rules of emergency capital market
• 1952, taked outside by minister of justice (lukman wiradinata) and minister of finance (prof. dr. sumitro djojohadikusumo). instrument that dealed government debenture RI (1950)
• 1956: nationalization program companies dutch. effect exchange more inactive.
• 1956 - 1977: trade at vacuum effect exchange.
• 10 augusts 1977: effect exchange diresmikan return by president soeharto. bej run under bapepam (capital market executor ). date 10 augusts is commemorated as hut capital market. this capital market reactivation also marked with go public pt cement cibinong as emiten first.
• 1977 - 1987: trade at effect exchange very weary. total emiten up to 1987 new achieve 24. more opting society banking instrument is compared capital market instrument.
• 1987: marked with present it december package 1987 (pakdes 87) that give ease for company to do general tender and foreign investor embeddeds capital in indonesia.
• 1988 - 1990: deregulation package dibidang banking and capital market is launched. door bej opened for foreign. stock exchange activity is seen to increase.
• 2 june 1988: indonesia parallel stock exchange (BPI) begins to operate and managed by money trade coalitions and effect (PPUE), while the organization consists of broker and dealer.
• december 1988: government takes outside december package 88 (pakdes 88) that give ease companies to go public and several wisdoms other which are positive for capital market growth.
• 16 june 1989: effect exchange surabaya (BES) begin to operate and managed by private property limited liability that is pt effect exchange surabaya.
• 13 july 1992: Privatisation of BEJ. Bapepam turn into capital market supervisor. this date is commemorated as HUT bej.
• 22 may 1995: trade otomation system at bej carried out with system computer jats (jakarta automated trading systems).
• 10 november 1995: government takes outside to rules no. 8 year 1995 about capital market this law begins january 1996.
• 1995: indonesia parallel stock exchange merger with effect exchange surabaya.
• 2000: trade system without letter (scripless trading) begin applied at indonesia capital market.
• 2002: bej begin to apply long distance trade system (remote trading).
• 2007: effect exchange merging surabaya (BES) to effect exchange jakarta (BEJ) and change name is Indonesia Stock Exchange (BEI).
  ( Source Bursa Efek Indonesia )

Sejarah Bursa Efek Indonesia

Sejarah Bursa Efek Indonesia

Secara historis, pasar modal telah hadir jauh sebelum Indonesia merdeka. Pasar modal atau bursa efek telah hadir sejak jaman kolonial Belanda dan tepatnya pada tahun 1912 di Batavia. Pasar modal ketika itu didirikan oleh pemerintah Hindia Belanda untuk kepentingan pemerintah kolonial atau VOC.Meskipun pasar modal telah ada sejak tahun 1912, perkembangan dan pertumbuhan pasar modal tidak berjalan seperti yang diharapkan, bahkan pada beberapa periode kegiatan pasar modal mengalami kevakuman. Hal tersebut disebabkan oleh beberapa faktor seperti perang dunia ke I dan II, perpindahan kekuasaan dari pemerintah kolonial kepada pemerintah Republik Indonesia, dan berbagai kondisi yang menyebabkan operasi bursa efek tidak dapat berjalan sebagimana mestinya.Pemerintah Republik Indonesia mengaktifkan kembali pasar modal pada tahun 1977, dan beberapa tahun kemudian pasar modal mengalami pertumbuhan seiring dengan berbagai insentif dan regulasi yang dikeluarkan pemerintah.Secara singkat, tonggak perkembangan pasar modal di Indonesia dapat dilihat sebagai berikut:

• 14 Desember 1912 : Bursa Efek pertama di Indonesia dibentuk di Batavia oleh Pemerintah Hindia Belanda.
• 1914 – 1918 : Bursa Efek di Batavia ditutup selama Perang Dunia I
• 1925 – 1942 : Bursa Efek di Jakarta dibuka kembali bersama dengan Bursa Efek di Semarang dan Surabaya Awal tahun 1939 Karena isu politik (Perang Dunia II) Bursa Efek di Semarang dan Surabaya ditutup.
• 1942 – 1952 : Bursa Efek di Jakarta ditutup kembali selama Perang Dunia II
• 1952 : Bursa Efek di Jakarta diaktifkan kembali dengan UU Darurat Pasar Modal 1952, yang dikeluarkan oleh Menteri kehakiman (Lukman Wiradinata) dan Menteri keuangan (Prof.DR. Sumitro Djojohadikusumo). Instrumen yang diperdagangkan: Obligasi Pemerintah RI (1950)
• 1956 : Program nasionalisasi perusahaan Belanda. Bursa Efek semakin tidak aktif.
• 1956 – 1977 : Perdagangan di Bursa Efek vakum.
• 10 Agustus 1977 : Bursa Efek diresmikan kembali oleh Presiden Soeharto. BEJ dijalankan dibawah BAPEPAM (Badan Pelaksana Pasar Modal). Tanggal 10 Agustus diperingati sebagai HUT Pasar Modal. Pengaktifan kembali pasar modal ini juga ditandai dengan go public PT Semen Cibinong sebagai emiten pertama.
• 1977 – 1987 : Perdagangan di Bursa Efek sangat lesu. Jumlah emiten hingga 1987 baru mencapai 24. Masyarakat lebih memilih instrumen perbankan dibandingkan instrumen Pasar Modal.
• 1987 : Ditandai dengan hadirnya Paket Desember 1987 (PAKDES 87) yang memberikan kemudahan bagi perusahaan untuk melakukan Penawaran Umum dan investor asing menanamkan modal di Indonesia.
• 1988 – 1990 : Paket deregulasi dibidang Perbankan dan Pasar Modal diluncurkan. Pintu BEJ terbuka untuk asing. Aktivitas bursa terlihat meningkat.
• 2 Juni 1988 : Bursa Paralel Indonesia (BPI) mulai beroperasi dan dikelola oleh Persatuan Perdagangan Uang dan Efek (PPUE), sedangkan organisasinya terdiri dari broker dan dealer.
• Desember 1988 : Pemerintah mengeluarkan Paket Desember 88 (PAKDES 88) yang memberikan kemudahan perusahaan untuk go public dan beberapa kebijakan lain yang positif bagi pertumbuhan pasar modal.
• 16 Juni 1989 : Bursa Efek Surabaya (BES) mulai beroperasi dan dikelola oleh Perseroan Terbatas milik swasta yaitu PT Bursa Efek Surabaya.
• 13 Juli 1992 : Swastanisasi BEJ. BAPEPAM berubah menjadi Badan Pengawas Pasar Modal. Tanggal ini diperingati sebagai HUT BEJ.
• 22 Mei 1995 : Sistem Otomasi perdagangan di BEJ dilaksanakan dengan sistem computer JATS (Jakarta Automated Trading Systems).
• 10 November 1995 : Pemerintah mengeluarkan Undang –Undang No. 8 Tahun 1995 tentang Pasar Modal. Undang-Undang ini mulai diberlakukan mulai Januari 1996.
• 1995 : Bursa Paralel Indonesia merger dengan Bursa Efek Surabaya.
• 2000 : Sistem Perdagangan Tanpa Warkat (scripless trading) mulai diaplikasikan di pasar modal Indonesia.
• 2002 : BEJ mulai mengaplikasikan sistem perdagangan jarak jauh (remote trading).
• 2007 : Penggabungan Bursa Efek Surabaya (BES) ke Bursa Efek Jakarta (BEJ) dan berubah nama menjadi Bursa Efek Indonesia (BEI).

( Source Bursa Efek Indonesia )

FAQ About Reksa Fund ( Mutual Fund )

FAQ About Reksa Fund

1. Ask : what is it mean of reksa fund?

Answer : container that used to collect fund from capitalist society henceforth invested in portofolio effect by investment manager. as according to the rules about capital market, reksa fund can formed closed copartnership or opened and collective investment contract (CIC).

2. Ask : does product reksa fund same like savings product or deposit?
Answer : product reksa fund investment product that can used by society as storage media and fund development as within reason deposit product. in the plan good finance, best deposit or savings product more prioritised for the purpose of security with for fund need routine the expenditure and very short the time range that is 1 month. while for the purpose of get fund growth with for fund need that can postponed and has duration more than 2 months, reksa fund be correct choice.

3. Ask : does profit berinvestasi at reksa fund?
Answer :

*managed by investment professional manager.
*investment diversification or in reksa fund means investment in various debenture kind and share.
*minimum little investment.
*flexible without there fall due or can liquefied anytime.
*tax-exempt.

4. Ask : is risk principal from reksa fund?
Answer : principal risk from reksa fund:
a. risk go down it nett asset value (nav) value depreciation consequence portofolio in reksadana.
b. liquidity risk that causes penyediaan cash fund reksa fund doesn't can to balance sale returns (liquefaction) by investor so that reksa fund must sell effect has long-range like debenture immediately.
c. risk the happening of policies change, economy and regulation or government wisdom that influence money market condition and also international or investment value reksa fund.

5. Ask : what reksa fund equal to insurence product?
Answer : differ, reksa fund is product that used for the purpose of investment and investor can buy (berinvestasi) and sell to return (liquefy) anytime. while insurence product is product that used for the purpose of protection not investment, so that investment result that produced also not optimum.

6. Ask : what be investor property proof if investment at reksa fund?
Answer : when has investor laided the fund at reksa fund, so maximum 7 days since investor location will get purchasing report reksa fund from bank kustodian. in report mentioned unit total penyertaan that has, nett asset value (nav) per unit that be base unit calculation penyertaan and purchasing value. this report must kept by investor as fund location proof. while handle for investor to count the investment value unit penyertaan and nav.

7. Ask : what is meant with nett asset value (nav) and nav per unit?
Answer : wealth value that has by reksa fund as calculation result from investment main value added with investment profit has accumulative after reduceds cost that must burdened in reksa fund. while nav per unit nett worth total value reksa fund to every unit penyertaan that has by reksa fund.

calculation formula nav per unit : (nav / unit penyertaan)

8. Ask : what is meant with unit penyertaan?
Answer : size unit that show importance part every side in portofolio collective investment or simply unit penyertaan can interpretted as size unit that show investor property value in reksa fund.

9. Ask : how does investor manner detect the fund development result from investment reksa fund?
Answer : every investor will get montly account report from bank kustodian fund position development containing each month to every investor. if investor wants to detect the fund position every day, so investor can do manner follow:
a. see development nav daily from indonesia business newspaper, indonesia investor dab balance.
b. count value multiplication nav daily with unit penyertaan that investor have it. calculation result main investment and investment profit result.
c. if we like to detect the profit result, investor can reducing calculation result no. b with main value at the (time) of fund location.

10. Ask : is calculation investment result reksa fund follow bloomy return principle (compound interest)?
Answer : yes, with daily calculation 365 calender day, for saturday growth, week and another red letter day will accumulated on next (nav).

11. Ask : what reksa fund guarantee profit?
Answer : based on operative regulation, in this time reksa fund can give also investment result that enter category reksa special fund. while reksa conventional fund can not guarantee also the result.

12. Ask : when does investment at reksa fund obvious lost, does investor come along menaggung loss?
Answer : because reksa fund is capital collection the result distribution is distributed according to same appropriate the investment and only be professional that give management service, so also cling in investor appropriate the investment tercermin in depreciation nab.

13. Ask : everything factor - factor that causes nab reksa fund can go down?
Answer : entire factor related to portofolio eksa fund, for example yield that produced, deposit rate development, share price depreciation, depreciation market price debenture that has reksa also default statement from message guardian on a debenture kind found on portofolio reksa fund.

14. Ask : is money investor at reksa fund enough safe?
Answer : safe, because mechanism reksa fund expressly separate task and authority between investment manager as investment manager and bank kustodian as administration institution and fund storage and portofolio effect. in rule uu no. 8 year 1995 section 25 furthermore confirms that investment manager and bank kustodian forbidden terafiliasi. mechanism supervised by bapepam pass report that must submitted by investment manager and bank kustodian per month.

15. Ask : can fund reksa fund be lent to third party?
Answer : can not, because fund unit holder property penyertaan (investor), not property of manager reksa also bank kustodian. this prohibition very clear regulated in uu no. 8 year 1995 in section 24.

16. Ask : can reksa fund made as credit guarantee?
Answer : although property proof reksa fund kind by virtue of name, but there is no rule specific from indonesia bank hits reksa fund as credit guarantee.

17. Ask : how does the impact towards reksa fund and profit result that got when obvious investment manager or bank kustodian declared bankrupt and liquidation?
Answer : matching with the one which regulated in collective investment contract / where is result from liquidation after reduced duty - duty been divided proportionally follow unit property penyertaan with beforehand announced by investment manager in 2 national newspaper.

18. Ask : what reksa closed fund and opened?
Answer : reksa closed fund can not sell unit penyertaan return to investment manager but must sell via market mechanism at stock exchange because reksa closed fund be registerred at stock exchange. while reksa unit closed fund penyertaan can bought direct and sold to return to investment manager.

19. Ask : what is meant with reksa copartnership formed fund and reksa collective investment contract formed fund (cic)? and what the difference?
Answer : reksa copartnership formed fund reksa formed fund pt. while reksa fund CIC published by company investment manager and bank kustodian pass contract notariil.

20. Ask : everything kind reksa fund that known in indonesia based on the investment aim?
Answer :
Reksa equity fund that is reksa fund the investment composition a large part formed equity.
Reksa fixed income fund that is reksa fund the investment composition a large part formed permanent income effect.
Reksa money market fund that is reksa fund composition the investment a large part formed instrument at money market.
Reksa mixture fund that is reksa fund proportional the investment composition between share effect and permanent income effect and / or money market instrument.
Reksa protection fund that is reksa fund that give minimal protection in main where does the investment instrument in debt effect that enter investment proper category (investment grade) minimal as big as value that protected. . reksa guaranty fund that is reksa fund that give where does the investment instrument in debt effect must enter investment proper category (investment grade) minimal as big as 80 % from nab.
Reksa index fund that is reksa fund the investment composition as big as minimal as big as 80 % in effect that be underlying from index.

21. Ask : how does difference base investment result calculation between reksa money market kind fund and reksa another fund?
Answer : the calculation result same that is nab x up, but there difference for investment result, that is to reksa fund besides the growth money market kind shown in increase nav (such on the contrary) while for money market kind caused by nav he is permanent (1000) so the investment result shown in unit growth penyertaan (such also on the contrary).

22. Ask : everything cost - cost that burdened to investor if we like to berinvestasi at reksa fund?
Answer : costs that burdened to investor has been unfolded clearly in prospectus reksa fund among others purchasing cost and selling expense returns.

23. Ask : is location fund at the (time) of nab reksa fund enough tall has different investment result with moment location in nab lower?
Answer : depending from kind reksa the fund, for kind reksa permanent income fund usually the result same, because growth that produced inclined stable. but, to reksa share fund has different result because influence from stocks market inclined fluktuative. but, when invested in time distance long, minimum 1 year for example so investor profit level relative same.

24. Ask : is there protection law clear for investor towards manager reksa fund dishonest?
Answer : yes, there remember reksa fund besides administration and the management apart, also supervised by bapepam (as does banking that supervise by central bank / BI)

Investment Trust

Investment Truth

Investment truth will laid capital that managed self also another person by get profit at the future time. the problem there is not even one man refraction will estimate correctly what will happen at day tommorow, because investment will contain risk that cause us will not get our something that will intended. there is no investment without risk, even you put money at space under soil even also there good the risk, lost, broken and or hitted to quake with decrease value buy it because inflation.

History of Reksa Fund
Alternatively investment, reksa fund has begun known since century to - 19. cikal future this industrial is refraction dirunut in the year 1870, when robert fleming, a textile factory accountancy energy from skotlandia, sent to axis to managed the boss property investment. at his axis see new investment opportunity, appear to follow the end civil war. when go home to the country, robert fleming narated the finding to several the friends. he intends to make use opportunity, but he not has in funds. this problem push it to gathers money from friend - the friend and then form the scottish american investment trust, company management first investment at english in 1873. company this resemble by what now known as reksa closed fund (closed - end fund) at america reksa fund has been know by the name of mutual fund, at english by the name of unit trust and at japanese known by the name of investment trust. in indonesia instrument reksa fund begins known in the year 1995, that is with launched by PT. BDNI reksa fund.

Definition and Term of Reksa Fund
Reksa fund container that used to collect fund from capitalist society henceforth invested in portofolio effect by investment manager. as according to invite - invite about capital market, reksa fund can formed closed copartnership or opened and collective investment contract (cic).
Collective investment contract contract between investment manager and bank kustodian unit holder obligatory penyertaan, where does investment manager given authority to managed portofolio investment collective and bank custody given authority to carry out penitipan collective.
Investment manager side the effort activity manageds portofolio effect to customers or managed portofolio collective investment to a group customer.
Bank Custody public bank that get sanctions bapepam to conduct business activity as kustodian, that is give service penitipan effect (belong penitipan collective on effect that has together by more than one side the importance is represented by kustodian) and other assets related to effect with service other, belong to get deviden, flower, and right - right other, finish effect transaction, and represent bill holder that be the customer.
Effect marketable securities.
Portofolio effect effect collection.
Property proof confirmation that published reksa fund with published unit penyertaan to capitalist.
Unit penyertaan size unit that show importance part every capitalist in portofolio collective investment, thereby unit penyertaan proof kepesertaan or capitalist property in reksadana and bank kustodian will published unit property confirmation mail penyertaan.
Nett asset value (nav) natural market value from a effect and wealth other from reksa fund reduceds entire the duties. bet asset value calculation method (nav) reksadana determined as according to regulation bapepam number: iv. c. 2, chairman decision supplement bapepam number: kep-24 / pmk / 2004 dates 19 augusts 2004 about natural market value from effect in portofolio reksa fund. clean assets value is counted and announced every day stock exchange.
Bapepam capital market supervisor
Stock exchange day day that held of effect trade at effect exchange, that is monday up to friday, except day be national red letter day or declared as red letter day by effect exchange.
Affiliation:
1. blood relation because marriage and breed up to second degree, either through horizontal also vertical.
2. connection between one side with official, director, or commissioner from side.
3. connection between 2 (two) company where found satau or more management member or commissioner same.
4. connection between company with a side, direct good also not direct, restrain or controlled by company.
5. connection between 2 (two) company that controlled direct good also not direct by side same, or connection between company and principal stockholder.
Effective entire customs and manners and registration statement rules in order to general tender reksa collective investment contract formed fund that appointeds in invite - invite capital market and number regulation: ix. c. 5 chairman decision supplements bapepam number: kep-10 / pm / 1997 dates 30 aprils 1997.
General tender unit tender activity penyertaan reksa fund to society based on customs and manners that regulated in invite - invite capital market besrta the execution regulation.
Registration statement obligatory document is submitted by investment manager to bapepam in order to general tender reksa fund formed collective investment contract as has appointed in invite - invite capital market and number regulation: ix. c. 5 chairman decision supplements bapepam number: kep-10 / pm / 1997 dates 30 aprils 1997. " unit holder penyertaan side that has unit penyertaan reksa fund.
Prospectus every statement that printed or information is written that used for general tender reksa fund with a purpose to capitalist has bought unit penyertaan reksa fund, except statement or information based on regulation bapepam declared not as prospectus.
Bill opening form original form data containing hits capitalist condition as rules to be unit holder penyertaan reksa fund.
Purchasing form original form data containing hits unit purchasing condition penyertaan reksa fund by unit holder penyertaan, as rules to buy unit penyertaan reksa fund.
Sale form returns original form data containing hits unit sale condition penyertaan reksa fund by unit holder penyertaan as rules to sell unit penyertaan reksa fund.
Conversion form original form data containing hits unit conversion condition penyertaan reksa fund by unit holder penyertaan, as rules to shift unit reksa fund.
Capitalist profile form form conditioned to loaded by capitalist as compelled by regulation bapepam number: iv. d. 2 chairman decision supplements bapepam number: kep-20 / pm/ 2004 dates 29 aprils 2004 about capitalist profile reksa fund that contain data and information hits capitalist risk profile before be unit holder penyertaan.
Unit confirmation mail penyertaan confirmation mail that show unit total penyertaan reksa fund that has by unit holder penyertaan.
Rules of capital market rules no. 8 year 1995 about date capital market 10 novembers 1995 along with the change.

Management reksa fund

Investment manager one who managed portofolio from reksa fund.
Bank Custody as investor money watchman and alsoadministratement and also as supervisor importance from investor. this bank must independent and quit of affiliasi with investment manager side (example: bni securities as company that published reksa fund may not wear bank bni because still one group).
Marketer reksa fund as marketing spear end reksa fund and must has permission from bapepam to act as waperd (seller agency deputy reksa fund).
Notary public as in charge general official in make authentic deed.
Law consultant acts as lawyer that give and signing opinion from aspect hokum about general tender reksa fund.
Public accountant acts as backer answers on finance information presentation spontanity and financial statement reksa fund.