BGP

Ak Asset Management Third Money Market (TL) Fund

Money market funds allow your savings to grow by offering lower market risk!

  • At Akbank and All Banks
How Do I Buy? Download Fund Factsheet
BGP
Ak Asset Management Third Money Market (TL) Fund
How Do I Buy?

Money market funds allow your savings to grow by offering lower market risk!

Ak Asset Management Third Money Market Fund aims to generate revenue while maintaining partial capital preservation over the short term (two years or less) through investments in cash TL deposits and debt securities.

The Fund serves an access product for investing in a basket of money market products such as repo, short-term private and public sector debt instruments. Thus, it offers TL returns with minimal risk exposure. It is convertible into cash on immediate demand.

Ak Asset Management Third Money Market Fund’s assets are allocated across various instruments based on smart economic models which reflects Ak Asset Management’s in-depth experience in TL markets.

  • Take advantage of the low-risk nature of high-quality short-term investments.
  • Enhanced liquidity ensures easy access to your funds when required.
  • Benefit from rapid access to the fund by having a settlement period of the same trade day.
Code
Risk
Name
BGP
1 / 7
Ak Asset Management Third Money Market (TL) Fund
  • 5.051640
  • %0.10768
  • %3.24
  • %23.21
  • %51.33
  • %54.36
  • %150.05
  • Trend
  • Price 5.051640
  • Recommended Term 3 Month
  • Subscription Value Date
    T + 0
  • Redemption Value Date
    T + 0
  • Day %0.10768
  • 1M %3.24
  • 6M %23.21
  • YTD %51.33
  • 1Y %54.36
  • 2Y %150.05
Invested Assets

The assets of the fund are invested in highly-liquid money and capital market instruments (max tenure 184 days). The max weighted average maturity of the fund portfolio is 45 days.

You can buy from all banks and intermediary institutions in Turkey.

Trend
Recommended Term
3 Month
Subscription Value Date
T + 0
Redemption Value Date
T + 0

How Can I Invest?

You can easily invest in funds traded on TEFAS from all banks.

You must be an Akbank Customer to invest in funds not traded on TEFAS and Capital Protected Funds. You can easily become an Akbank Customer without visiting a branch.

image description

Fund Identity

Fund Manager
Ak Asset Management Inc.
Invested Assets
The assets of the fund are invested in highly-liquid money and capital market instruments (max tenure 184 days). The max weighted average maturity of the fund portfolio is 45 days.
Operational Info
Until 1:30 pm except on public holidays.
Risk Ranking
1 / 7
Recommended Term 3

Months

Fund Size 75.811.361.882,93 TL
Share Value 5.05164
Redemption Value Date T + 0
Subscription Value Date T + 0
Management Fee %0,49
Withholding Tax %17,5
Benchmark

55% BIST-KYD REPO (GROSS) + 35% BIST-KYD 1-MONTH DEPOSIT TL + 10% BIST-KYD DIBS 91 DAYS

Asset Allocation

Current Fund Allocation Ratio

Fund Performance

Frequently Asked Questions

Until 13:30 on weekdays, excluding public holidays.

The management fee for the BGP fund is 0,49%.

Yes, you can purchase it through all banks and brokerage firms in Türkiye.

The recommended holding period is 3 months.

Money Market Funds are a type of mutual fund that invests in liquid, short-term debt instruments, cash, and cash equivalents. They can be redeemed on the same day.

The withholding tax rate for Money Market Funds is 17.5%.

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

Yes. For those who prefer interest-free investments, there are participation-based funds. The Ak Asset Management Money Market Participation Fund (AIS) is interest-free, investing only in non-interest financing instruments and managed in line with participation principles.

Money Market Funds are considered low-risk investments. Since they invest in short-term fixed-income products, they help protect investors from market risks.

Money Market Funds are required to hold at least 10% of their portfolio in government securities, while Free Money Market Funds are not subject to this requirement.

No. Withholding tax is automatically calculated and applied when you sell the fund.

Corporate investors are subject to 0% withholding tax, and earnings are declared within corporate tax returns.

High liquidity with instant redemption. Capital protection with a low-risk structure. Short-term, stable returns. Portfolio diversification by investing in instruments such as reverse repos, short-term bonds, and time deposits.

Money Market Funds channel investments into short-term and relatively safe instruments such as time deposits, reverse repos, treasury, and corporate bonds. Daily returns are reflected in the fund value, and investors can redeem their units at any time.

Investments can start from as low as 1 TL.

They can be purchased through your bank’s internet branch or mobile application.

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