Jakarta (ANTARA News) - A mutual fund businessman said the mutual fund industry in Indonesia is predicted to grow by about 15 to 20 % in 2011 as the capital market in the country is experiencing positive growth.

Chairman of the Indonesian Mutual Fund Managers Association (APRDI), Abiprayadi Riyanto told a discussion here recently the positive growth of the capital market would have a good impact on the mutual fund business in the future.

"It is predicted that the mutual fund business in the country will grow by about 15 to 20 %," he added.

Data available at the APRDI, the amount of funds in the mutual fund industry as of April 30, 2011 was recorded at Rp153.687 trillion, or an increase of 3.08 % from that in the end of 2010, which was Rp149.099 trillion.

"The increase of that volume in a period of four months constituted an encouraging achievement," he said.
(Uu.A014/HAJM)

Editor: Priyambodo RH
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