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Investment fund management finance
KBLI 66301★ Gold-Tier Intel

Manajemen Investasi Konvensional di Pasar Keuangan

Manajemen Investasi Konvensional di Pasar Keuangan

🏦 Section K — Financial & Insurance Activities

✅Open· 100% ForeignMedium-Low RiskRenumbered

Investment fund management — managing mutual funds (reksa dana), discretionary portfolios, hedge funds, and other collective investment schemes on behalf of investors. The fund manager (Manajer Investasi / MI) makes investment decisions and earns a management fee on assets under management (AUM). Products: reksa dana saham (equity), reksa dana pendapatan tetap (fixed income), reksa dana campuran (balanced), reksa dana pasar uang (money market), reksa dana terproteksi (protected), ETF, and alternative investment funds. **Maximum foreign ownership: 99%** (OJK allows up to 99% but effectively requires at least one Indonesian director, per OJK regulation).

Licensing & Requirements

What You Need

Risk LevelMedium-Low (Menengah Rendah)
License TypeNIB dan Sertifikat Standar
ProcessingOtomatis
Foreign Ownership100% Open
AuthorityBKPM / OSS
PP28/2025 Licensing Data1 scale
Mikro, Kecil, Menengah, BesarMedium-Low RiskNIB dan Sertifikat Standar⏱ OtomatisFiktif Positif
Post-License Obligations6
Berbentuk badan hukum
Memiliki struktur organisasi, uraian tugas, kewenangan dan tanggung jawab
Menyampaikan laporan kegiatan kepada kementerian koperasi dan ukm.

→ Submit periodic business activity reports to regulator

Memiliki standar operasional manajemen aktivitas pemeringkatan koperasi.
Personil yang melaksanakan aktifitas pemeringkatan bebas konflik kepentingan
Memiliki personil yang mempunyai keahlian dan pengalaman dibidang pemeringkatan koperasi yang dibuktikan dengan sertifikat atau tanda bukti pendidikan dan/atau pelatihan yang dikeluarkan pejabat berwenang

PHASE 1 — OSS / NIB (7 working days)

PHASE 2 — OJK Manajer Investasi License — 6–12 months

1
Application to OJK— Departemen Pengawasan Pasar Modal I (for securities-based funds) or IKNB (for other collective investment vehicles)
2
Minimum paid-up capital:— IDR 25 miliar fully paid up at time of OJK application
3
Tenaga Ahli requirement (MANDATORY):
4
Fit & proper test— OJK vets all directors and commissioners
5
Compliance infrastructure— internal compliance function, risk management framework, investment committee structure
6
SHAI system registration— OJK's Sistem Hak Akses Investor; required for fund distribution
7
Custodian bank agreement— reksa dana assets must be held by a licensed custodian bank (OJK requirement)
8
OJK Izin Usaha MI— issued after all assessments pass
9
Fund registration— each reksa dana product requires separate OJK registration before launch

To launch a listed ETF additionally

Step-by-step for PT PMA MI company

1
Establish PT PMA— minimum capital IDR 25B; 99% foreign allowed; recruit WMI-certified professionals in parallel (~4–6 weeks incorporation)
2
Capital injection— IDR 25B into Indonesian bank account
3
NIB via OSS— 66301, 7 working days
4
OJK MI license application— file complete dossier including business plan, investment methodology, compliance manual, custodian bank letter of intent (~6–12 months)
5
OJK approval— interview + document review
6
Fund product registration— register first fund with OJK (~2–4 months additional)
7
Distribution agreement— sign distribution agreements with bank or agent penjual (APERD) for fund sales
8
Launch— commence AUM generation

Typical full timeline

Minimum total capital

2020 → 2025

Direct match from KBLI 2020 (MATCH_LANGSUNG). The OJK regulatory framework for Manajer Investasi was updated through OJK POJK 23/2016 and subsequent circulars. The key post-2020 development is OJK's push for ESG (Environmental, Social, Governance) fund standards and the growth of OJK-licensed Reksa Dana ESG products — a genuine new product category for foreign MIs bringing ESG expertise.

Bali Intelligence

Foreign Workers

TKA Eligible Positions

Kepmenaker 228/2019 — Category 9: Jasa Keuangan dan Asuransi

45 in category
1211Chief Investment OfficerKepala Investasi
2413Fund ManagerManajer Dana
2413Portfolio ManagerManajer Portofolio
2413Investment AnalystAnalis Investasi
2413Risk ManagerManajer Risiko
2412Compliance OfficerPejabat Kepatuhan
2412Financial AdvisorPenasihat Keuangan

Kepmen 228/2019 lists 45 TKA-eligible positions in the financial services category. OJK Fit & Proper test applies to directors, commissioners, and Wakil Manajer Investasi (WMI) holders.

KEDUA Provision — Directors & Commissioners Exemption
Directors and Commissioners who do NOT manage personalia can work without being listed in the jabatan.
Complementary Codes

Related Codes

66302Section K

Manajemen Investasi Syariah di Pasar Keuangan

Manajemen Investasi Syariah di Pasar Keuangan

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✅Open· 100% ForeignMedium-Low Risk
66303Section K

Manajemen Investasi di Perdagangan Berjangka

Manajemen Investasi di Perdagangan Berjangka

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✅Open· 100% ForeignMedium-Low Risk
66309Section K

Aktivitas Manajemen Dana Lainnya

Aktivitas Manajemen Dana Lainnya

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✅Open· 100% ForeignMedium-Low Risk
64110Section K

Aktivitas Bank Sentral

Aktivitas Bank Sentral

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✅Open· 100% ForeignLow Risk
64121Section K

Perbankan Umum Konvensional

Perbankan Umum Konvensional

→
✅Open· 100% ForeignHigh Risk
64122Section K

Perbankan Umum Syariah

Perbankan Umum Syariah

→
✅Open· 100% ForeignHigh Risk
Zantara AIOSS Intelligence System
Context66301
Setting up a fund management company in Bali? 66301 needs an OJK Manajer Investasi license — IDR 25B capital, WMI-certified professionals, custodian bank agreement, 6–12 months OJK process. The boutique ESG and Bali hospitality real estate fund angle is genuinely underexplored. Let me walk you through what OJK actually requires.