PT Bank Negara Indonesia (Persero) Tbk or BNI provided financial literacy to students in a discussion themed 'Smart Financial Management for Gen Z' sponsored by BNI.
The event, attended by 100 students from 28 universities and colleges in Indonesia, was held in Jakarta on Tuesday (February 25, 2025). Also present as speakers were the Chairman of the LPS Board of Commissioners, Purbaya Yudhi Sadewa, and the SEVP of BNI Wealth Management, Steven Suryana.
Generation Z (Gen Z) is the generation born between 1997 and 2012 and grew up in the era of the internet and digital technology. Therefore, according to Steven, the financial literacy level of Gen Z is considered better compared to the generation above them. However, the challenge often faced by this generation is the habit of instant gratification, including in investing.
"Don't invest because of FOMO (Fear of Missing Out), just because friends are entering a certain product, and then you follow without studying. Don't just want everything to be instant," Steven said.
He revealed that the fundamentals for Gen Z in investing are understanding what investment is, its purpose, as well as its risks and benefits in the long term. According to Steven, Gen Z needs to understand their risk profile before deciding to choose the type of investment instrument.
"In starting an investment, it doesn't always have to be with a high amount. For Gen Z who want to start investing, they can choose low-risk investment instruments such as money market mutual funds," he continued.
Through the wondr by BNI application, investing in mutual funds can start from IDR100,000, and subsequent purchases can be as low as IDR10,000 for money market mutual funds. If you want a variety of other investment instruments, you can choose different types of mutual funds such as fixed income mutual funds (based on bonds), mixed mutual funds (bonds and stocks), or equity mutual funds with a minimum amount of IDR100,000.
"The withdrawal process is quite easy; for money market mutual funds, it only takes two business days, while equity mutual funds require four to seven business days," he said.
Steven said that the wondr by BNI application not only provides financial solutions but also serves the needs of customers. Through the wondr Insight feature available in wondr by BNI, Gen Z can plan their finances more regularly and understand financial transactions in more detail.
"Now Wealth Management products are not only identified with priority customers because through digital services, customers can start with a smaller amount." Mutual fund products can now be offered through mobile banking, we have wondr by BNI, it can be downloaded and you can invest there," said Steven.