An Investment Manager is an individual or company that professionally manages investment portfolios for clients. The Investment Manager's main task is to conduct market analysis, select the right investment assets, manage the investment portfolio, and monitor investment performance on a regular basis. The assets in question can be cash, time deposits, bonds, stocks, or other financial instruments, which are generally traded in the capital market.

A mutual fund is a product offered by an investment manager, designed as a tool for efficient fund management. Through mutual funds, fund managers manage funds invested by investors into various asset portfolios. This approach provides the benefits of diversification and risk reduction, while leveraging the professional expertise of the fund manager in making effective investment decisions.

According to the Indonesia Stock Exchange, the Capital Market is a market for various tradeable financial instruments. The Capital Market is a means of funding for companies and other institutions (e.g. government), and as a means for investing activities. Therefore, the Capital Market facilitates various facilities and infrastructure for buying and selling activities and other related activities.

Financial instruments generally traded in the Capital Market include long-term instruments, (a period of more than one year) such as stocks, bonds, and warrants. In addition, the Capital Market also provides a variety of other instruments, including pre-emptive rights and mutual funds, as well as various derivative instruments such as options and futures contracts, which may have different time frames, including short and medium-term.

The Capital Market Law No. 8 of 1995 defines the Capital Market as "activities related to the public offering and trading of securities, public companies related to the securities they issue, as well as institutions and professions related to securities". In the Capital Market, we have the opportunity to invest and generate income or returns that will be beneficial for both personal and business needs.

Securities are various financial instruments such as stocks, bonds, debentures, mutual fund units of participation, and futures contracts on securities and their derivatives. These include documents that can be traded on the capital market and give the holder financial rights, including but not limited to the right to receive payments, share in a company's profits, or have a claim on a company's assets. Securities can also be securities issued by governments or companies, which serve as evidence of debt or ownership, such as government bonds or company shares.

A mutual fund is a platform to collect funds from the investor community to be invested in a securities portfolio by the Investment Manager. In the context of mutual funds, some important concepts include:

Net Asset Value (NAV): A description of the true value of a mutual fund and a reference in determining the price of participation units.

Unit of Participation: This is an investor's share of ownership in a mutual fund.

Prospectus: A document that provides complete information about a mutual fund.

A portfolio of securities in a mutual fund refers to a mix of investment instruments held by an investor with one of the main objectives being diversification. This concept means that if the performance of one investment instrument declines, the better performance of another instrument can balance it out. Therefore, a mutual fund portfolio can be considered an effective strategy to minimize potential losses.

Net Asset Value (NAV) per participation unit is the fair price of a mutual fund's portfolio after deducting operational costs and then dividing by the number of shares/participation units that have been outstanding (owned by investors) at that time.

When purchasing a mutual fund, there is a standard unit called a participation unit. A mutual fund unit is a unit used in the context of mutual fund investments. This unit is used to measure your mutual fund holdings. In addition, mutual funds also have a value, which is commonly referred to as the net asset value per unit of participation (NAV/UP).

A prospectus is a document that contains detailed information about a mutual fund product, starting from the establishment of the mutual fund to information regarding the dissemination of prospectuses and subscription forms for mutual fund participation units as well as the dissolution or liquidation of the mutual fund.

Mutual funds and time deposits are attractive options for beginner investors and investors who understand but do not have the time to manage themselves when they start investing. Mutual funds serve as a platform to collect investor capital which is then managed by professional investment managers and allocated into the capital market. In mutual funds, investors can entrust their funds to Investment Managers who have professional licenses to manage their investments. Meanwhile, a time deposit is an investment-like deposit product from a bank that promises a fixed interest rate for a certain period.

Mutual fund products have greater potential returns than deposits. However, the returns obtained from mutual funds can fluctuate according to market conditions. This contrasts with deposits where the interest rate is predetermined from the beginning.

Unlike time deposits that require you to wait until maturity, you can withdraw your investment in mutual funds whenever you need.

Investing refers to the act of buying an asset or investment product with the expectation of earning a financial return in the future. These gains can be in the form of interest (profit sharing) and/or gains from the increase in the asset price of the investment (capital gains). The overall result is referred to as Return on Investment (ROI) generated from the investment product.

Saving refers to the act of placing money in a savings account with the aim of earning interest or profit sharing while preserving the value of the money held.

Set your investment goals first. Identify your financial priorities and what you aim to achieve. Justify your money needs with a statement such as: "I will need _____ amount of money in _____ years for _____ needs because _____"

You can start the investment process by registering directly with an Investment Manager, partner bank, or through a mutual fund marketplace platform.

• Through an Investment Manager, you will get direct guidance from a competent team and have access to privileges, such as invitations to market outlook events that will broaden your knowledge.

• If you choose a partner bank, you will have access to various programs, including auto-debit features that can help you maintain discipline in investing.

• On the other hand, if you prefer to have more freedom in product selection, you can use a mutual fund marketplace platform that provides various features to compare product performance.

The registration process is simple. All you need to do is fill out a form, provide a copy of your ID card, and wait for the verification process. PT Juara Capital Indonesia is one of the investment managers you may consider to help you achieve your investment goals.

Juara Capital Indonesia is a trusted boutique asset management company that has been licensed, registered and supervised by OJK with license number KEP-44/D.04/2019 on July 10, 2019. Our vision is to be the asset manager of choice that provides the best performance and service while driving social and economic prosperity. Currently, we focus on professional management of individual clients' assets using the Contract of Individual Client Portfolio Management (Kontrak Pengelolaan Portfolio Nasabah Individual, KPPNI) scheme.

Mutual fund products available at PT Juara Capital Indonesia are money market funds and mixed funds.

To find the most suitable mutual fund for you, first know your investment objectives and risk profile. Here are 3 (three) categories of risk profiles in investing that you need to understand

• Conservative: If you tend to choose very safe investment instruments with predictable returns, such as time deposits and only allocates a small portion of investment funds to riskier types of instruments such as bonds or stocks, then the Juara Capital product for you is Juara Money Market Fund.

• Moderate: If you tend to take bigger risks, but are still cautious in choosing the type of investment instruments, and usually limits the amount of investment in risky instruments, then the appropriate Juara Capital product for you is a mix of Juara Money Market Fund and KPPNI.

• Aggressive: If you tend to take higher risks and therefore put most of their funds in risky instruments, then the appropriate Juara Capital product for you is KPPNI.

To find out your risk profile, please download the questionnaire we have provided on the account opening form. For further questions, please contact our customer service team.

• Low initial investment amount.

• Secure as your funds are managed by a professional investment manager, PT Juara Capital Indonesia.

• Yields on money market financial instruments are more attractive than time deposits.

• Risk is mitigated through a screening process from Juara Capital's investment team, and asset diversification into selected money market instruments, up to 10% per name, except Bank Indonesia Certificates, Securities issued and/or guaranteed by the Government of the Republic of Indonesia; and/or Securities issued by international financial institutions of which the Government of the Republic of Indonesia is a member.

• No lock-up period, funds can be withdrawn at any time, and no penalty fees incurred.

• Administration costs are low, as mutual fund returns are not taxed.

The minimum fund to invest in Reksa Dana Juara Money Market Fund is Rp 100,000 (one hundred thousand rupiah).

There is no minimum age to own a mutual fund. Although prospective investors do not have an Identity Card (KTP) as the main requirement to own a mutual fund, prospective investors who are under 17 years old can use their Family Card as an alternative as the Population Identification Number (NIK) listed on the Family Card will serve as the KTP number required in the investment process.

Investors have easy access to make purchases or transactions through our WhatsApp customer service which can be accessed from anywhere. However, the process of allocating participation units will be adjusted to the mutual fund transaction cut-off time.

Mutual fund transaction cut-off time is the final deadline for processing subscription, redemption, and switching transactions each day. This cut-offtime ends at 1:00 PM WIB on every trading day.

Subscription, redemption, and switching transactions made before the cut-off time will be processed using the Net Asset Value (NAV) per unit for the same trading day. However, transactions made after the cut-off time or on holidays will be processed with the NAV per unit on the next trading day.

Trading Day is the day on which securities trading is held on the stock exchange, namely Monday through Friday unless the day is a national holiday or declared as an exchange holiday by the Indonesia Stock Exchange.

After investing in Juara Capital's mutual funds, you will receive a confirmation via automated email from S-INVEST KSEI. This email is sent no later than seven days after the transaction is made. For further inquiries, please contact our customer service team.

The Net Asset Value (NAV) per unit of mutual fund products managed by PT Juara Capital Indonesia can be monitored through the company's official website, www.juaracapital.com. NAV per unit information is updated on a daily basis. In addition, this information is also available in daily publications such as Investor Daily, Business Indonesia, and Kontan. For further inquiries, please contact our customer service team.

The performance of mutual fund products can be reviewed through the Fund Fact-sheet published monthly by Juara Capital and available on our official website.

To review the performance of investment portfolios that have been purchased through PT Juara Capital Indonesia, a self-checking method is currently under development. However, customers can contact our customer service team. Our team will provide customers with up-to-date information on the performance of their investment portfolio.

The risk of NAV decline is the risk arising from the decline in asset prices in a mutual fund portfolio. The following are some factors that can cause a decline in asset prices in a mutual fund portfolio:

• Decrease in issuer/company performance: National and global economic conditions such as rising inflation rates, benchmark interest rates, and current account deficits.

• Unconducive political stability: Social conditions such as natural disasters and security issues.

• Default/injury of promise: Default risk arises when parties involved in a mutual fund transaction fail to fulfill the contractual obligations, therefore potentially causing a loss of investment value. To mitigate this risk, evaluate your Investment Manager and custodian bank managing your mutual fund products.

• Liquidity: Liquidity risk occurs when the Investment Manager is unable to pay the redemption proceeds of a mutual fund unit. If the assets or securities in a mutual fund portfolio are illiquid (difficult to liquidate), the Investment Manager may face challenges in selling the mutual fund portfolio quickly, resulting in delayed payment to investors. In addition, in the event of force majeure, redemptions of mutual fund participation units may also be temporarily halted.

Force majeure refers to extraordinary circumstances or events that are beyond the control of the parties to an agreement and prevent them from fulfilling their obligations. This includes natural disasters such as earthquakes, hurricanes, floods, volcanic eruptions, as well as other events such as epidemics, sabotage, mass strikes, riots, wars, revolutions, fires or explosions and also includes disorder arising from economic, political, social circumstances, insurrections, unconstitutional changes in government, and changes in economic and monetary laws and policies.

In the context of force majeure, any delay or failure to fulfill obligations is not considered the fault of the parties involved, thereby exempting them from sanctions, fines or claims. However, this exemption does not apply if related entities such as the stock exchange, broker, or custodian bank are still operating normally.

In the event that an Investment Manager company goes bankrupt, the Financial Services Authority (OJK) has the authority to appoint another investment manager company to take over the management of investor funds in the affected mutual fund. The same applies if a custodian bank loses its approval; the OJK can appoint a new custodian bank. In addition, the OJK has the right to determine whether the mutual fund will be dissolved, by choosing between the investment manager or custodian bank that is still licensed. Although these cases are rare, investor funds remain protected and secure even in the event of a fund manager’s dissolution.

A Custodian Bank is a financial institution that manages and safeguards the investment assets owned by a mutual fund. Acting as a security and administrative guardian, the Custodian Bank ensures investment assets are managed in accordance with applicable laws and procedures. The Custodian Bank is also responsible for calculating the Net Asset Value (NAV) per unit every day, which serves as a reference in determining the price of units of participation to investors.

In accordance with current tax regulations, mutual funds are not a tax object. This means that no tax is levied directly on investments in mutual funds.

In principle, inheriting mutual funds is permissible as long as it meets the applicable legal requirements. To inherit mutual funds, several documents must be provided, including a death certificate, a letter of appointment of heirs and customer and heir data. These documents will be verified by the custodian bank to ensure the inheritance process can be carried out to the legal heirs.

Giving mutual funds as gifts is currently not permitted. Procedurally, there are only three main types of transactions recognized in mutual funds, namely the subscription (purchase), redemption (sale), and transfer of mutual funds.