PT Sinarmas Asset Management (SAM) recorded assets under management (AUM) of Rp30.81 trillion by the end of March 2021 or grew 3.7% from the same period last year of Rp26.69 trillion.

Head of Marketing Communication Sinarmas Asset Management Reney Mosal said this growth was higher than the mutual funds' industry, which increase only 0.8% or Rp570.79 trillion from  Rp565.87 trillion in February 2021.

Also, the managed funds in March 2021 are lower than the achievement in January 2021, which amounted to Rp571.26 trillion.

"The growth of funds under management of Sinarmas Asset Management came from 10 mutual fund products and Real Estate Investment Fund (REIT) products," said Reney in a press release, Friday (16/5).

He detailed, 10 SAM mutual fund products posted NAV of IDR 20.20 trillion for the period ending March 31. These products are IDX30 ETF Simas Index Mutual Funds, Danamas Flexi, Danamas Pasti, Danamas Rupiah, Danamas Rupiah Plus, Danamas Rupiah PLUS, Stable Danamas, Leading Fixed Income Simas Mutual Funds, Simas IDX30 Index Funds, Sri Kehati Index Mutual Funds and Sinarmas Hidup Sejahtera Fixed Income Fund.

Meanwhile, the rest of the funds under SAM management came from the REIT, which reached Rp 0.4 trillion. This REIT's managed fund has a significant contribution to the industry as a whole.