Grow Investments

What Grow Investments does

PT Grow Investments Indonesia is a Jakarta-based, OJK-licensed investment manager (license Kep-61/D.04/2017) and investment advisor (KEP-84/D.04/2019) operating in the Indonesian mutual fund industry. The company manages a diversified suite of five mutual fund products spanning the risk spectrum: a money market fund (Grow Dana Optima Kas Utama / DOKU), a fixed-income fund with multiple share classes (Grow Obligasi Optima Dinamis / GOOD classes O, M, D1, D2, H), a liquid fund (Grow Optima Liquid Fund / GOLF), an equity fund (Grow Saham Indonesia Plus / GSIP), and an SRI-KEHATI index fund (Grow SRI-KEHATI / GSKH). Pricing follows standard Indonesian unit-NAV mechanics with management fees capped at 2.00% per year, subscription fees up to 2.50%, and a minimum initial subscription of IDR 10,000.

The firm was incorporated in 2017, rebranded to its current name in 2023, and is strategically backed by Stockbit (an Indonesian capital-markets platform that also owns Bibit and Stockbit Sekuritas Digital) and Fullerton Fund Management (a Singapore-based active investment specialist within Temasek's Seviora group). The leadership combines local and international expertise, including a President Commissioner who also serves as Fullerton's Chief Business Development Officer and an Independent Commissioner with over 26 years as a regulator at OJK and Bapepam LK.

Go-to-market is distribution-led: Grow Investments does not process online purchases through its own website and instead relies entirely on third-party APERD (Mutual Fund Selling Agent) platforms — BRIGHTS by BRI Danareksa Sekuritas (BRIDS), Growin' App by Mandiri Sekuritas, Bibit, and Ayovest — to reach retail investors. Revenue is generated through management fees, subscription fees, and custodian fees on AUM, with BRIDS publicly targeting Rp1 trillion (~$60M USD) of Grow-related AUM through the July 2025 partnership. The company holds three industry recognitions (2025-2026) and operates with a small licensed team (~17 individual license holders) out of its Sequis Tower headquarters in Jakarta.

Name

Grow Investments

Legal name

PT Grow Investments Indonesia

Website

https://growinvestments.id

Company type

Private

Founded year

2017

Operating status

Operating

Short description

PT Grow Investments Indonesia is an OJK-licensed investment manager in Jakarta that offers five Indonesian mutual funds (money market, fixed income, liquid, equity, and SRI-KEHATI index), distributing exclusively through partner platforms including BRIGHTS, Growin' App, Bibit, and Ayovest to reach retail investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Mutual Fund Management Fees: Grow Investments earns revenue as an Investment Manager by charging management fees on the mutual funds it manages. Fees are disclosed as a percentage of assets under management per year (e.g., Max. 2.00% management fee per year for the Grow SRI KEHATI fund). Additional revenue streams include subscription fees (Max. 1.00%–2.50% charged to investors) and custodian fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

PT Grow Investments Indonesia is a licensed Investment Manager that manages and distributes a diversified suite of mutual fund products to retail investors in Indonesia. Its portfolio spans money market, fixed income, liquid, equity, and SRI-KEHATI index funds, with products distributed exclusively through third-party digital selling agents (Bibit, Ayovest, BRIGHTS by BRIDS, and Growin' App by Mandiri Sekuritas) rather than direct online purchase from the company itself.

Product overview

PT Grow Investments Indonesia is a licensed Investment Manager in Indonesia offering a diversified portfolio of mutual fund products managed by an investment team. The product lineup includes money market funds (Grow Dana Optima Kas Utama), fixed income funds (Grow Obligasi Optima Dinamis in multiple share classes O, M, D1, D2, H), liquid funds (Grow Optima Liquid Fund), equity funds (Grow Saham Indonesia Plus), and SRI-KEHATI index funds (Grow SRI-KEHATI). These products are distributed through digital platforms including Bibit and Ayovest, as well as partnerships with Mandiri Sekuritas (Growin' App) and BRI Danareksa Sekuritas (BRIGHTS app), serving investors with different risk profiles from conservative to aggressive.

Differentiator

Problem solved

Functional benefit

Products and services

• Reksa Dana Grow Dana Optima Kas Utama (DOKU) A money market mutual fund suitable for conservative investors seeking stable returns with low risk and high liquidity.
• Reksa Dana Grow Obligasi Optima Dinamis (GOOD) A fixed income mutual fund with dynamic bond management strategy, available in multiple share classes (O, M, D1, D2, H) to suit different investor preferences.
• Reksa Dana Grow Optima Liquid Fund (GOLF) A liquid investment fund designed for investors seeking easy access to funds while maintaining stable returns.
• Reksa Dana Grow Saham Indonesia Plus (GSIP) An equity mutual fund that invests across all market capitalization spectrum on companies with positive long-term growth outlook, suitable for aggressive investors with long-term investment horizons.
• Reksa Dana Indeks Grow SRI-KEHATI (GSKH) A semi-actively managed index fund that invests in stocks listed in the SRI-KEHATI (Sustainable and Responsible Investment) index, aiming for potential investment returns from Indonesia's economic growth through Sharia-compliant and responsible investments.

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

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

• PT BRI Danareksa Sekuritas (BRIDS)coreChannel Partner/ Reseller/ Distributor · 2 July 2025Grow Investments and BRIDS entered into a strategic distribution partnership for Grow Mutual Fund products through the BRIGHTS online app. BRIDS acts as an APERD (Mutual Fund Selling Agent) distributing Grow Dana Optima Kas Utama (money market) and Grow Obligasi Optima Dinamis Class O (fixed income) funds. The partnership aims to expand distribution reach, particularly to young digitally-fluent investors, with BRIDS targeting 50% AUM growth to Rp1 trillion. The signing ceremony was held at Gedung BRI II, Jakarta, attended by President Director Yenwy Wongso and Director Utama BRIDS Laksono Widodo.
• PT Mandiri SekuritascoreChannel Partner/ Reseller/ Distributor · 17 February 2025Grow Investments and Mandiri Sekuritas entered into a distribution partnership to introduce Grow Mutual Fund products on the Growin' App by Mandiri Sekuritas. Three products are available: Grow Dana Optima Kas Utama, Grow Obligasi Optima Dinamis Class O, and Grow Obligasi Optima Dinamis Class M. The signing ceremony was held at The Loft Priority Lounge, Mandiri Sekuritas, Menara Mandiri Sudirman, Jakarta, attended by priority clients of Mandiri Sekuritas. The partnership aims to expand investment solution choices for investors to achieve long-term financial aspirations.
• BibitmajorChannel Partner/ Reseller/ DistributorBibit is a leading mutual fund robo-advisory investment app in Indonesia launched by Stockbit in 2019. It serves as a selling agent (APERD) for multiple Grow Mutual Fund products including Reksa Dana Grow Saham Indonesia Plus and Reksa Dana Grow SRI KEHATI, enabling retail investors to access these products through the Bibit platform.
• AyovestminorChannel Partner/ Reseller/ DistributorAyovest is listed as a selling agent for Grow Mutual Fund products including Reksa Dana Grow SRI KEHATI and other funds, enabling additional distribution reach through its platform.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• BNI Asset Management: Investment manager subsidiary of Bank Negara Indonesia, distributing mutual funds through BNI's banking channels and third-party platforms. Comparable as a bank-affiliated OJK IM with multi-channel distribution and similar product breadth.
• Mandiri Manajemen Investasi: Investment manager subsidiary of Bank Mandiri, offering a broad mutual fund product suite distributed through Bank Mandiri and Mandiri Sekuritas (Growin' App). Directly comparable as a licensed OJK IM with similar asset-class coverage and digital distribution overlap.
• Sucorinvest Asset Management: Indonesian investment manager offering money market, fixed income, equity, and index mutual funds distributed through local platforms. Comparable mid-sized domestic IM competing for the same retail digital channels and aggressive-profile investors.
• Bahana Dana Manajemen Investasi: Established Indonesian investment manager under the Bahana Group, providing mutual funds across money market, fixed income, and equity. Comparable as a domestic OJK-licensed IM with overlapping product lines and a similar institutional/government-linked shareholder profile.
• Ashmore Asset Management Indonesia: Emerging-markets focused asset manager with an Indonesian unit offering equity and fixed income mutual funds. Comparable as an OJK-licensed IM with emerging-markets expertise and a focus on Indonesian capital markets exposure.

Others

• Bareksa: Leading Indonesian mutual fund marketplace and Super App aggregating offerings from multiple investment managers. Comparable as a third-party distribution and comparison platform relevant to Grow's digital distribution strategy and competitive positioning.
• Bibit: Indonesia's largest mutual fund robo-advisory platform and a core distribution channel for Grow's funds, founded by Stockbit (Grow's co-shareholder). Ecosystem participant rather than competitor; directly comparable as a digital mutual fund access point that shapes Grow's GTM reach.

Broad incumbents

• Eastspring Investments Indonesia: Indonesian operation of Prudential's asset management arm, offering diversified mutual funds. Comparable as a foreign-affiliated OJK IM targeting similar retail and institutional segments, with a globally backed product shelf and established brand.
• Manulife Aset Manajemen Indonesia: Large Indonesian asset management subsidiary of Manulife with a broad mutual fund and insurance-linked investment product lineup. Comparable as a major IM competing in the same product categories, though with materially larger AUM, longer track record, and global brand.
• Schroder Investment Management Indonesia: Indonesia arm of global asset manager Schroders, managing mutual funds across equities, fixed income, and multi-asset. Comparable as an OJK-licensed IM offering similar product categories, but operating with global scale and institutional distribution that Grow does not have.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC8E3x14k7_rDxTgVS67YevA
• LinkedInlinkedin.com/company/grow-investments-id
• Instagraminstagram.com/growinvestments.id

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Grow Investments