PT BNP Paribas Asset Management and PT Bank DBS Indonesia launched the BNP Paribas IDX Growth30 Index Mutual Fund.

"This is the first index mutual fund in the market that fully replicates the contents of the IDX Growth30 Index constituents," said PT BNP Paribas AM President Director Priyo Santoso in a statement in Jakarta, on Thursday (3/6).

According to him, this mutual fund aims to follow the performance of the IDX Growth30 index. Investors can make mutual fund transactions through all DBS Bank channels as partners appointed to be the first selling agents of mutual fund securities.

"Index mutual funds are increasingly popular in Indonesia and are in great demand by both retail and institutional customers. Therefore, we intend to provide access and accommodate customers' needs to invest in a portfolio of stocks with good net profit growth in Indonesia, through the most transparent and efficient method," he said.

He add