Executive Summary

Key insights and market outlook

The Indonesian capital market experienced significant growth in 2025, with the number of investors rising by 35% to 20.12 million ¹

. The majority of these investors, 18.99 million, are invested in mutual funds, while 8.50 million are equity investors ³. KSEI projects an additional 2 million new investors in 2026 ².

Full Analysis

02

Deep Dive Analysis

Indonesian Capital Market Sees Record Investor Growth in 2025

Significant Expansion in Investor Base

The Indonesian capital market experienced remarkable growth in 2025, with the number of investors increasing by 35% to reach 20.12 million as of December 19, 2025 ¹

. This growth represents a significant acceleration from the previous year when there were 14.87 million investors ¹².

Investment Distribution

The majority of these investors, 18.99 million, have invested in mutual funds, representing a 35% growth in this category ³

. Equity investors also saw substantial growth, rising by 33% to 8.50 million ³. The total number of Single Investor Identification (SID) accounts reached 24.92 million, marking a 27% year-on-year increase ¹.

Investor Demographics

Geographically, 68.91% of investors are from Java, holding 94.42% of total assets worth Rp 6,400.59 trillion ³

. Sumatra follows with 16.29% of investors, managing Rp 138.57 trillion or 2.04% of total assets ³.

Future Projections

KSEI is optimistic about continued growth, projecting an additional 2 million new investors in 2026 ²

. This projection is supported by the ongoing efforts to enhance market accessibility and investor education.

Market Implications

While the number of investors has grown significantly, there are observations that this growth may not directly translate to higher daily trading values ²

. The market is witnessing a broader distribution of investors across different asset classes, including mutual funds and government bonds.

References