BRI Manajemen Investasi

What BRI Manajemen Investasi does

PT BRI Manajemen Investasi (BRI-MI) is an Indonesia-based, OJK-licensed investment manager founded in 1992 as the pioneer of the country's mutual fund (reksa dana) industry. The firm manages 70+ investment products spanning money market, fixed income, balanced, equity, capital-protected, index, ETF, and Shariah-compliant mutual funds, plus alternative investments (KIK EBA asset-backed securities and KIK DINFRA infrastructure debt) and discretionary individual portfolio management. Underlying technology is a conventional mutual fund platform with the proprietary InvestASIK digital channel for direct retail transactions, supported by call-center and APERD distribution agent infrastructure.

BRI-MI generates revenue through recurring management fees (and performance fees where applicable) on assets under management, priced per fund unit via NAV-based unit pricing. Total AUM reached Rp65 trillion (~$4 billion) as of December 2025. Distribution is multi-channel: Bank BRI's branch network (BRI-MI is 65%-owned by Bank BRI and 35%-owned by PT Danareksa), the InvestASIK platform, APERD agents including banks, fintechs and securities companies, and direct call-center sales, serving retail investors (primary), institutional clients (pension funds, corporations, government entities), and distribution partners.

In April 2026, BRI-MI was acquired by Danantara, Indonesia's sovereign wealth fund, through PT Danantara Asset Management, as part of a coordinated consolidation of four state-owned asset managers (combined value ~$159 million). The firm holds 60 WMI and 43 WAPERD license holders, maintains a dedicated Shariah Supervisory Board, implements risk management aligned with ISO 31000:2018, and is headquartered at Gedung BRI II, Jakarta.

Name

BRI Manajemen Investasi

Legal name

PT BRI Manajemen Investasi

Website

https://bri-mi.co.id

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

51–100 employees

Short description

BRI Manajemen Investasi is an OJK-licensed Indonesian asset manager founded in 1992, managing Rp65 trillion (~$4B) across 70+ mutual fund and alternative investment products, distributed to retail and institutional investors via Bank BRI's network, the InvestASIK digital platform, and APERD partners.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Investment Management Advisory (RIA) (FSAEAAAB)

akta.pro secondary industries

Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds) (FSAAAJAA), Fixed Income Mutual Funds (FSAAAEAB), Index Mutual Funds (Non-ETF) (FSAAAEAE)

Keywords

• Asset management services
• Mutual fund management
• Sharia compliant investments
• Wealth management
• Investment management

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Mutual Fund Management Fees: Revenue is generated through management fees charged on assets under management (AUM) across BRI-MI's portfolio of over 70 mutual fund products. Fees are typically calculated as a percentage of AUM, making revenue directly proportional to the fund sizes managed. The company also earns performance-linked fees where applicable.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

PT BRI Manajemen Investasi is an Indonesian asset management company that manages and distributes a portfolio of more than 70 mutual fund (reksa dana) products covering money market, sharia money market, fixed income, balanced, equity, capital-protected, index, and ETF categories, together with alternative investments (KIK EBA and KIK DINFRA). Products are distributed to retail and institutional investors via the proprietary InvestASIK digital platform, a network of APERD selling agents, Bank BRI's branch network, fintech platforms, securities partners, and a call center.

Product overview

BRI Manajemen Investasi (BRI-MI) operates as a full-service asset management company offering a comprehensive mutual fund (Reksa Dana) product portfolio. The company provides eight main mutual fund categories: Reksa Dana Pasar Uang (money market), Reksa Dana PU Syariah (Shariah money market), Reksa Dana Pendapatan Tetap (fixed income), Reksa Dana Campuran (balanced), Reksa Dana Saham (equity), Reksa Dana Terproteksi (capital-protected), and Reksa Dana Indeks/ETF (index funds). Additionally, BRI-MI offers Alternative Investments including KIK EBA (asset-backed securities) and KIK DINFRA (infrastructure debt), as well as individual discretionary fund management services. The company distributes products through its digital platform InvestASIK, distribution partners (banks and APERD agents), and call center services. BRI-MI also announced plans to launch Indonesia's first Gold ETF.

Differentiator

Problem solved

Functional benefit

Products and services

• Reksa Dana Pasar Uang (Money Market Mutual Funds) Money market mutual funds that invest in short-term debt instruments with maturity of up to one year, offering low-risk investment with stable returns for retail and institutional investors.
• Reksa Dana PU Syariah (Sharia Money Market Mutual Funds) Shariah-compliant money market mutual fund following Islamic investment principles, supervised by the Shariah Supervisory Board, designed for investors seeking short-duration, low-risk sharia-compliant exposure.
• Reksa Dana Pendapatan Tetap (Fixed Income Mutual Funds) Fixed income mutual funds investing in bonds and other fixed-income securities, providing moderate returns with lower-to-medium risk for investors seeking yield-oriented exposure.
• Reksa Dana Campuran (Balanced/Mixed Mutual Funds) Mixed/balanced mutual funds that combine equity and fixed-income investments to achieve balanced portfolio diversification for moderate-risk investors.
• Reksa Dana Saham (Equity Mutual Funds) Equity mutual funds investing primarily in listed company stocks on the Indonesian market, offering higher return potential with higher risk exposure for aggressive investors.
• Reksa Dana Terproteksi (Capital-Protected Mutual Funds) Capital-protected mutual funds that guarantee 100% of principal investment at maturity, with predetermined investment periods and limited redemption windows, designed for capital-preservation-oriented investors.
• Reksa Dana Indeks (Index Mutual Funds) Index mutual funds that track and replicate the performance of a specific market index, offering passive investment exposure at lower costs for cost-conscious investors.
• BRI ETF Indonesia TOP 40 Exchange-traded fund tracking the top 40 Indonesian stocks, providing diversified equity exposure through a listed instrument that trades on the Indonesian stock exchange.
• KIK EBA (Asset-Backed Securities Alternative Investment) Asset-Backed Securities (KIK EBA) offering investment in asset-backed instruments for qualified investors, providing institutional-grade alternative exposure to securitized assets in Indonesia.
• KIK DINFRA (Infrastructure Debt Securities Alternative Investment) Infrastructure Debt Securities offering investment in infrastructure financing instruments, designed for qualified investors seeking access to Indonesian infrastructure-related debt opportunities.
• InvestASIK Digital Investment Platform Digital platform for purchasing and managing BRI-MI mutual fund investments, providing online access for retail investors to subscribe, redeem, and monitor mutual fund holdings.
• Pengelolaan Dana Nasabah Individu (Individual Discretionary Fund Management) Individual customer fund management service providing customized investment portfolios for select investors requiring professionally managed, bespoke investment solutions rather than off-the-shelf mutual funds.

Quantifiable outcome

• Rp65 trillion in assets under management as of December 2025, growing by Rp10 trillion in 3 months
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered minor, core and major.

• PT Mandiri Manajemen InvestasiminorStrategic or Co-development Partner · 1 April 2026State-owned asset management firm also acquired by Danantara alongside BRI-MI as part of the April 2026 consolidation of four state-owned asset managers. These firms will be consolidated under Danantara Asset Management to create a unified national investment management platform.
• PT BNI Asset ManagementminorStrategic or Co-development Partner · 1 April 2026State-owned asset management firm also acquired by Danantara alongside BRI-MI as part of the April 2026 consolidation of four state-owned asset managers.
• PT PNM Investment ManagementminorStrategic or Co-development Partner · 1 April 2026State-owned asset management firm also acquired by Danantara alongside BRI-MI as part of the April 2026 consolidation of four state-owned asset managers.
• Bank Distribution PartnerscoreChannel Partner/ Reseller/ DistributorBRI-MI collaborates with multiple bank partners as APERD (Agent Penjual Efek Reksa Dana) distribution agents to market mutual fund products. These banking distribution partners leverage their customer networks to sell BRI-MI products, expanding reach to retail investors across Indonesia.
• APERD Fintech PartnersmajorChannel Partner/ Reseller/ DistributorBRI-MI partners with fintech platforms that serve as registered mutual fund selling agents (APERD), enabling digital distribution of BRI-MI products through technology-enabled platforms and expanding access to retail investors via mobile and online channels.
• Securities Companies / Sentra Investasi Reksa DanamajorChannel Partner/ Reseller/ DistributorBRI-MI works with securities companies operating as investment fund distribution centers (Sentra Investasi Reksa Dana) to distribute its mutual fund products. These partners provide access to securities market participants interested in diversifying into mutual fund products.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BNI Asset Management: Indonesia-based state-owned asset management firm affiliated with Bank BNI; also being consolidated under Danantara Asset Management in April 2026. Directly comparable mutual fund product suite and distribution-via-parent-bank model.
• PNM Investment Management: Indonesian state-owned asset manager affiliated with PT Permodalan Nasional Madani; also part of the April 2026 Danantara consolidation. Comparable as a domestic reksa dana manager with state-bank parent distribution.
• Eastspring Investments Indonesia: Indonesia subsidiary of Prudential's asset management arm; offers a comparable multi-asset mutual fund (reksa dana) product range to retail and institutional clients, competing head-to-head with BRI-MI in conventional and Sharia categories.
• Mandiri Manajemen Investasi: Indonesian state-owned asset manager, formerly part of Bank Mandiri group; being acquired alongside BRI-MI by Danantara in April 2026 to form the consolidated national platform, making it the closest directly comparable peer in scale, product mix, and ownership structure.
• Sucorinvest Asset Management: Independent Indonesian asset management firm offering money market, fixed income, equity and balanced mutual funds; directly comparable reksa dana product set serving retail and institutional Indonesian investors without state-bank ownership.
• Manulife Investment Management Indonesia: Indonesian asset management subsidiary of Manulife; offers mutual fund and discretionary portfolio management services to retail and institutional clients, broadly comparable in scope and distribution model.
• Schroder Investment Management Indonesia: Indonesia arm of the global Schroders group; manages a comparable multi-category reksa dana lineup including Sharia funds, and competes with BRI-MI for institutional mandates and high-net-worth retail investors.

Emerging players

• Bibit: Indonesia's leading digital mutual fund supermarket/distribution platform; not an AM itself but the dominant fintech onramp that aggregates reksa dana from multiple managers including BRI-MI, capturing retail flow and exerting fee pressure on incumbent AMs.
• Ajaib: Indonesian fintech platform offering mutual funds and equity brokerage via mobile app; acts as both distributor and emerging competitor capturing younger retail investors that BRI-MI would otherwise reach through its InvestASIK app.

Broad incumbents

• Ashmore Asset Management Indonesia: Emerging-markets-focused global investment manager with Indonesian fund offerings; broader EM fund focus but offers competing exposure vehicles and comparable fixed-income/multi-asset strategies to Indonesian retail investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@ReksadanaBRI/featured
• Facebookfacebook.com/share/G4m2SkSr9WHEZoKa/?mibextid=qi2Omg
• LinkedInlinkedin.com/company/pt-bri-manajemen-investasi
• Instagraminstagram.com/brimi.official

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 BRI Manajemen Investasi