Investment Fund is a collective investment instrument where investor savings are collected in a pool and are managed by professional managers to meet the requirement of investing savings in capital market instruments.

How much fund may I purchase as a minimum?

A share corresponds to one fund, and at least 1000 shares may be purchased. The price announced in papers and on our web site is the unit share price. Example: If the announced unit share price is 0.017720 TL, then the minimum amount purchasable is 0.017720-TL x 1000 shares = 17.72 TL.

Where can I find out Daily Fund Purchase-Sale Prices?

You can find out them on the fund prices table in the economy pages of nation-wide newspapers, or on the Türkiye Finans Web Site.

Is any Commission charged on Fund Purchase-Sale?

No commission is charged on fund purchase - sale transactions.

Taxation in Investment Funds

If the investor sells his/her fund participation certificate, only a withholding of 10% will be made on income derived thereby. Withholding is not made on the portfolio earning, but on the income derived by the investor.

A fund investor may defer tax until he/she sells the fund participation certificates held by him/her, meaning that investors will pay no tax so long as they do not dispose of their fund participation certificates.

No withholding will be made on income derived in case participation certificates for any investment fund carrying stocks in at least 51% of the portfolio are sold (returned to the fund) after a holding period of more than one year.

In investment fund sale transactions, tax base will be calculated at the sales price by the FIFO (first in first out) method.

Guarantee for Investment Funds

Rules governing on investment funds are laid down in the Capital Market Board’s Communiqué (Serial VII, No.10).

Accordingly, the assets of an investment fund do not belong to the founder, may not be used as security, may not be pledged, and may not be attached by third parties. In addition, the founder is liable, under the Capital Market Law, for risk distribution, and for management, representation and custody in a manner protecting investors’ rights according to principles of faithful ownership.

And the manager is obliged to manage the fund portfolio in accordance with the provisions of the Law, the Communiqué and of the fund bylaws. Securities held in the fund portfolio are held in custody under the warranty of Takasbank A.Ş., the official settlement and custody organization. All account movements for the funds are supervised by the Capital Market Board. In addition, funds are audited by independent audit companies.