Ak Asset Management Alternative Bank Money Market (TL) Fund

Until 13:30, excluding public holidays.

You can carry out your purchase transactions through Alternatif Bank.

The recommended period is 3 months.

Money market funds are a type of mutual fund that invests in liquid, short-term debt instruments, cash and cash-equivalent assets. They can be converted into cash on the same day.

The entire total fund value is continuously invested in highly liquid money and capital market instruments with a remaining recommended period of maximum 184 days, and the daily calculated weighted average recommended period of the fund portfolio cannot exceed 45 days.

Yes, participation-based funds are available for investors who prefer interest-free investments. Ak Asset Management Money Market Participation Fund (AIS) does not include interest. It invests only in interest-free financing instruments and is managed in accordance with participation principles.

Money market funds are low-risk investment products. Since you invest in short-term fixed-income products, you are protected against risks.

While money market funds are required to hold a minimum of 10% GDDS, hedge money market funds do not have this obligation.

No. If you sell the fund, it is calculated over the income you earn and accrued automatically.

Income earned by corporate investors from mutual funds is subject to 0% withholding tax and corporate tax declaration.

They can be converted into cash instantly with high liquidity. With their low-risk structure, they provide capital protection and offer short-term and stable return opportunities. They provide asset diversification by investing in different instruments such as reverse repo, short-term bills and time deposits.

Money market funds direct the invested money to short-term and relatively secure instruments such as time deposits, reverse repo, treasury and private sector bills. The daily returns obtained are reflected in the fund value, and investors can convert their participation shares into cash whenever they wish.

It is possible to invest even with very low amounts such as TRY 1.

You can purchase it through your bank’s internet branch and mobile application.

The fund management fee is the fee charged over the total size in mutual funds in return for the product's management processes. It is included in the fund price daily and accrued automatically.

In fund purchase-sale transactions, T (Transaction Day), the day on which the investor gives the order, is taken as the basis:
T+0 (Purchase): Following the order, fund participation shares are transferred to your account within 0 business days.
T+0 (Sale): Following the order, the sale amount is reflected in your account within 0 business days. T+0 means that the purchase or sale order is processed on the day it is given.
These periods are general practice; exact settlement periods and foreign holiday dates may vary according to the principles specified in each fund's prospectus.