BCA Pension Fund Maintains Interest in SRBI Instruments

Current Investment Portfolio

Dana Pensiun BCA (Dapen BCA), the pension fund of Bank Central Asia, continues to find Bank Indonesia's Rupiah Securities (SRBI) attractive for short-term investment needs. As of December 2025, Dapen BCA held Rp320 billion in SRBI, representing 5.32% of their total investments. The fund's overall portfolio is dominated by State Securities (SBN) at 39.23%, followed by real estate (15.22%), deposits (14.51%), and corporate equity investments (14.37%).

Investment Strategy and Future Plans

Budi Sutrisno, CEO of Dapen BCA, stated that SRBI remains an important instrument for managing liquidity alongside deposits. The fund is likely to increase its SRBI investment if the instrument offers more competitive interest rates compared to traditional deposits, while carefully considering market conditions and liquidity requirements. This strategic approach aligns with the pension fund's focus on stability, security, and long-term cash flow.

Industry Context

The Financial Services Authority (OJK) reported that overall pension fund industry investment in SRBI decreased to Rp4.09 trillion (1.06% of total investments) by October 2025, following reduced SRBI issuance throughout the year. Despite this trend, Ogi Prastomiyono, OJK's Executive Head for Insurance, Guarantee, and Pension Fund Supervision, believes SRBI remains potentially attractive for pension funds seeking low-risk, short-term investments with competitive returns.