PT Trimegah Asset Management

What PT Trimegah Asset Management does

PT Trimegah Asset Management is an Indonesian investment management firm licensed and supervised by Otoritas Jasa Keuangan (OJK) under Investment Manager license KEP-02/BL/MI/2011, granted on 31 January 2011. The company is a wholly-owned subsidiary of PT Trimegah Sekuritas Indonesia Tbk, a securities firm with more than 35 years of operating history in the Indonesian capital market. Trimegah AM manages over 70 mutual fund products spanning money market, fixed income, balanced, equity, protected, index, and Sharia-compliant categories, and additionally offers discretionary fund management (Kontrak Pengelolaan Dana/KPD) for institutional clients. Its client base is dual: retail investors sourcing products through the iTram (itram.co.id) and Trima+ digital platforms, and institutional clients including insurance companies, pension funds, and corporates.

The firm's product portfolio is delivered through a multi-channel distribution architecture comprising 17 bank partners, 14 securities firm partners, and 15 fintech platforms (including Bibit, Bareksa, Ajaib, and Tanamduit), supplemented by direct-to-consumer customer service and investor education through the TRAM Academy content hub. In August 2026, Trimegah AM expanded its product surface with XTRA, a Sharia-compliant gold-backed ETF whose units are traded on the Indonesia Stock Exchange (BEI), backed by Electronic Gold Receipts supplied via Pegadaian as bullion bank, with HSBC Indonesia as custodian and Trimegah Sekuritas and Mirae Asset as dealer participants.

Revenue is generated primarily through recurring management fees on Net Asset Value (AUM), plus subscription, redemption, and switching fees on mutual fund units, and ETF management fees for XTRA. A multi-share-class structure (Classes A, B, C, D) is implemented for selected funds, with Deferred Sales Charge (DSC) of up to 1.25% applicable to certain products. The company is privately held (no public ticker), reports 94 employees, and is headquartered in Jakarta's Sudirman business district. No revenue, AUM, or profitability figures are disclosed in the available source data.

Name

PT Trimegah Asset Management

Legal name

PT Trimegah Asset Management

Website

https://trimegah-am.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

PT Trimegah Asset Management is an OJK-licensed Indonesian investment manager and subsidiary of PT Trimegah Sekuritas Indonesia Tbk, managing 70+ mutual fund products and the XTRA Sharia gold ETF for retail and institutional investors across Indonesia.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Target-Risk / Risk-Managed Allocation Funds (FSAAAEAG)

akta.pro secondary industries

Fixed Income Mutual Funds (FSAAAEAB), Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ)

Keywords

• Mutual fund management
• Asset management services
• Sharia-compliant investments
• Discretionary fund management
• Exchange traded funds

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Mutual Fund Management Fees: Revenue generated from managing mutual fund portfolios including money market funds, fixed income funds, mixed funds, equity funds, and ETF products. Fees include subscription fees, redemption fees, switching fees, and ongoing management fees charged based on Net Asset Value (NAB) of funds under management.
2. ETF Trading Fees: Revenue from Trimegah Syariah ETF Emas (XTRA) product traded on Indonesia Stock Exchange, where Trimegah AM acts as fund manager earning management fees from the ETF structure.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels9 records

Core offering

PT Trimegah Asset Management is an OJK-licensed Indonesian investment manager that operates and distributes more than 70 mutual fund products across money market, fixed income, balanced/mixed, equity, index, protected, and Sharia-compliant asset classes, alongside discretionary Kontrak Pengelolaan Dana (KPD) mandates for institutional clients and the XTRA Sharia gold-backed ETF traded on the Indonesia Stock Exchange. Funds are distributed directly through the iTram and Trima+ digital platforms and indirectly through an extensive network of bank, securities firm, and fintech distribution partners across Indonesia.

Product overview

PT Trimegah Asset Management is an Indonesian investment management company (subsidiary of PT Trimegah Sekuritas Indonesia Tbk) managing over 70 mutual fund products across all asset classes. Its core offering is a unified mutual fund platform encompassing equity funds, fixed-income funds, balanced/mixed funds, money market funds, protected funds, index funds, and Sharia-compliant funds, supplemented by discretionary fund management (KPD) for institutional clients. The product portfolio is accessible through digital channels including the iTram and Trima+ online platforms, the TRAM Academy investor education hub, and a wide distribution network of bank, securities, and fintech partners. A notable recent addition is XTRA (Trimegah Syariah ETF Emas), a Sharia-compliant gold-backed ETF traded on the Indonesia Stock Exchange.

Differentiator

Problem solved

Functional benefit

Brands

• XTRA: Trimegah Syariah ETF Emas - an exchange-traded fund (ETF) based on gold that is traded on the Indonesia Stock Exchange (BEI), managed according to Sharia principles with ticker symbol XTRA.

Products and services

• XTRA (Trimegah Syariah ETF Emas) A Sharia-compliant Exchange Traded Fund (ETF) based on gold, structured as a Contract for Collective Investment (KIK), whose investment units are traded on the Indonesia Stock Exchange (BEI). Each unit is fully backed by gold through Electronic Gold Receipts, offering investors exposure to gold price movements via exchange-traded securities.
• Reksa Dana Saham (Equity Mutual Fund)
• Reksa Dana Pendapatan Tetap (Fixed-Income Mutual Fund) Fixed-income mutual fund investing primarily in bonds and money market instruments, providing medium risk and relatively stable returns for medium-term investment horizons.
• Reksa Dana Campuran (Balanced Mutual Fund) Balanced mutual fund combining equities and fixed-income instruments in a defined allocation, offering moderate return potential with lower volatility than pure equity funds.
• Reksa Dana Pasar Uang (Money Market Mutual Fund) Money market mutual fund investing in short-term instruments such as time deposits and short-term government securities, offering the lowest risk profile for short-term investment goals.
• Reksa Dana Terproteksi (Protected Mutual Fund) Protected mutual fund offering capital protection features (though not guaranteed) on the initial investment principal, subject to no default by underlying issuers, typically categorized as low-to-medium risk for medium-term horizons.
• Reksa Dana Indeks (Index Mutual Fund) Index-tracking mutual fund that replicates the performance of a benchmark index, including products tracking the FTSE Indonesia Low Volatility Factor Index and FTSE4Good Indonesia Index.
• Reksa Dana Syari'ah (Sharia Mutual Fund) Sharia-compliant mutual fund products managed according to Islamic investment principles, including TRIM Syariah Saham, TRIM Syariah Berimbang, Trimegah Fixed Income Plan Syariah, Trimegah Dana Tetap Syariah, Trimegah Kas Syariah, and Trimegah Kas Syariah 2.
• Kontrak Pengelolaan Dana (KPD) Discretionary Fund Management Discretionary fund management service for institutional clients, managed separately from the mutual fund product suite, offering customized investment solutions.

Named customers4 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Ten partnerships are on record, tiered core and major.

• PT Trimegah Sekuritas IndonesiacoreChannel Partner/ Reseller/ Distributor · 10 August 2026Dealer Partisipan (Liquidity Provider) for XTRA ETF product. Provides liquidity for ETF unit trading on Indonesia Stock Exchange.
• PT Mirae Asset Sekuritas IndonesiacoreChannel Partner/ Reseller/ Distributor · 10 August 2026Dealer Partisipan (Liquidity Provider) for XTRA ETF product. Provides liquidity for ETF unit trading on Indonesia Stock Exchange.
• PT Bank HSBC IndonesiacoreStrategic or Co-development Partner · 10 August 2026Custodian Bank (Bank Kustodian) for XTRA ETF and multiple Trimegah mutual fund products. Provides independent custody of underlying assets and oversight of fund management.
• PT Pegadaian PerserocoreStrategic or Co-development Partner · 10 August 2026Bullion Bank providing Electronic Gold Receipts (EGR) as underlying asset for XTRA ETF and physical gold storage for the product's underlying assets.
• Bursa Efek Indonesia (BEI)coreChannel Partner/ Reseller/ Distributor · 10 August 2026Stock Exchange where XTRA ETF units are traded. Provides trading infrastructure and market access for the Sharia gold ETF product.
• Bank Distribution PartnerscoreChannel Partner/ Reseller/ Distributor17 bank partners including Bank BJB, Bank BNI, Bank BRI, Bank Mandiri, Bank BTN, Bank BCA, Bank Niaga, Bank DBS, Bank Maybank, Bank Permata, and others distributing Trimegah mutual fund products across Indonesia.
• Securities Firm Distribution PartnerscoreChannel Partner/ Reseller/ Distributor14 securities firm partners including Trimegah Sekuritas, Bahana Sekuritas, BNI Sekuritas, BRI Danareksa, CGS International, IPOT FUND, Mandiri Sekuritas, Mirae Asset, MNC Sekuritas, and others offering Trimegah products through trading platforms.
• Fintech Distribution PartnersmajorChannel Partner/ Reseller/ Distributor15 fintech platforms including Ajaib, Bareksa, Bibit, BMoney, Cermati, Fundtastic, Invesnow, and others providing digital-first access to Trimegah mutual fund products for retail investors.
• Otoritas Jasa Keuangan (OJK)coreStrategic or Co-development PartnerRegulatory authority overseeing Trimegah AM as licensed Investment Manager (license KEP-02/BL/MI/2011). Provides regulatory framework and supervision for mutual fund operations.
• PT Kustodian Sentral Efek Indonesia (KSEI)coreTechnology or IntegrationCentral Securities Custodian providing AKSes system (akses.ksei.co.id) for investor portfolio transparency, transaction confirmation, and unit ownership verification.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Bahana TCW Investment Management: Indonesian asset manager offering fixed income, equity, and money market mutual funds. Comparable multi-product fund manager serving Indonesian retail and institutional clients.
• Mandiri Manajemen Investasi: One of Indonesia's largest mutual fund managers, affiliated with Bank Mandiri. Directly comparable as a multi-product asset manager offering equity, fixed income, mixed, money market, and Sharia funds distributed through bank channels and fintech.
• Manulife Aset Manajemen Indonesia: Indonesian mutual fund business of Manulife, offering diversified mutual fund products including Sharia options. Comparable multi-product asset manager with strong institutional and retail distribution.
• Danareksa Investment Management: Established Indonesian asset manager with state-linked heritage, offering mutual funds across asset classes. Comparable product range and institutional/retail focus in Indonesian market.
• Batavia Prosperindo Aset Manajemen: Independent Indonesian asset manager managing mutual funds across multiple asset classes. Comparable product breadth and target customer base in Indonesian retail and institutional mutual fund market.
• Eastspring Investments Indonesia: Indonesia subsidiary of Prudential's asset management arm, offering diversified mutual funds. Comparable institutional-grade asset manager competing in Indonesian retail and institutional channels.
• BNI Asset Management: Subsidiary of Bank BNI, manages mutual funds across asset classes for retail and institutional clients. Comparable bank-affiliated Indonesian asset manager with similar product breadth and distribution model.
• Schroder Investment Management Indonesia: Indonesian arm of global asset manager Schroders, offering mutual funds across asset classes to retail and institutional clients. Comparable multi-product mutual fund manager competing for similar Indonesian investor wallet share.
• Sucorinvest Asset Management: Independent Indonesian asset manager offering mutual funds across money market, fixed income, equity, balanced, and Sharia. Comparable mid-to-large Indonesian asset manager with multi-channel distribution.

Emerging players

• ABRDN Indonesia (formerly Aberdeen Standard): Indonesian operations of global asset manager abrdn, offering mutual funds to local investors. Comparable global-affiliated Indonesian asset manager competing in selected retail and institutional segments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@trimegaham
• Facebookfacebook.com/trimegah.am
• LinkedInlinkedin.com/company/pt-trimegah-asset-management
• Instagraminstagram.com/trimegah.am
• TikToktiktok.com/@trimegah.am

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PT Trimegah Asset Management