PT Surya Timur Alam Raya (STAR) Asset Management launched the STAR Protected XIV protected mutual fund product.

"RDT STAR Protected XIV provides yields every three months, with the first investment return paid in September 2021 and a maximum maturity of December 11, 2025," said Head of Institutional and Intermediary Business STAR AM, Kemal Fajri Mohsin, in a statement on Friday (25/6).

According to Kemal, RDT STAR Protected XIV is offered through STAR AM distribution partners such as Mirae Asset Sekuritas, Raiz Invest, and KELOLA. Retail and distribution investors can buy this product with a minimum purchase of Rp1 million.

Meanwhile, the underlying products include continuous bonds I-Indah Kiat Pulp and Paper phase III in 2020 series B, sustainable bonds I-Indah Kiat Pulp and Paper phase III in 2020 series C, and sustainable bonds II-Sinar Mas Multifinance Phase II in 2021 series B.

"Underlying RDT STAR Protected XIV will provi