Syailendra Capital launches a sharia money market mutual fund product, namely Syailendra OVO Sharia Mutual Fund Bareksa Tunai Likuid.

The investment product is a collaboration between Syailendra Capital with Bareksa and OVO.

Director of Syailendra Capital Harnugama said the money market mutual fund product is a suitable instrument for new investors because of the characteristics of money market mutual funds that are minimal risk, liquid, easy transactions, and low capital.

"Indonesian people are generally depositors, while this product is similar in character to deposits, but the yield can beat deposits. Thus, Syailendra OVO Bareksa Tunai Likuid Syariah Mutual Fund is suitable for investors who are just trying to invest in mutual funds," he said in his statement on  Wednesday (14/7).

Harnugama is optimistic that Syailendra OVO Bareksa Tunai Likuid Syariah Mutual Fund can offer higher returns compared to deposits with a target yi