Everything about the investment funds
What is the investment fund?
The investment funds are the assets which enable distributing to various capital market instruments at well balanced manner and making them productive all kinds of big or small savings which are collected from the investors against the Participation Certificate by the authorized organizations. It is sufficient for you to have a demand deposit account in our bank for purchasing and selling the Investment Funds.
What is the participation certificate?
The participation certificate is a certificate which enables the investor to be partner in the fund portfolio. The participation certificates in the investment funds are similar to the share certificates of the companies. As the investors purchase share certificates to be shareholder in the companies and then have rights on these companies, in a similar way, you can be shareholder in the fund portfolio by means of the participation certificate in the investment funds as well. However, while the shareholders can participate in the management of the company, the participation certificate holders have no right to participate in the fund management.
What is A Type Fund, B Type Fund?
The funds which deposited at least 25% of the portfolio value at the monthly average basis to the share certificates of the partnerships which are established in Turkey continuously are called as the A Type funds. These conditions are not sought with the B Type funds.
How can be earn with the investment fund?
The interest proceeds of the fixed yield securities such as the treasury funds and state debentures existing in the investment funds portfolio, the share certificate profit shares and the proceeds to be obtained from the purchasing-selling transactions which are made to the fund portfolio constitute the incomes of the funds. Increase of the market values of the assets in the investment funds also allows the fund portfolio value to increase and the fund price to increase.
What are the advantages of the investment funds?
- Professional Management: The investment funds are managed by the specialized professional managers that follow the markets continuously with the principle that the risk will be minimum and the proceeds will be maximum. The preemption rights, dividends and term follow-ups of the investment instruments are made by the professional managers as well. ·
- Risk Distribution: The investment funds are composed of various investment instruments such as treasury bond, state debenture, repo etc. Thus, the investor is protected from the risk which may be posed by a single investment instrument.. ·
- Variety: The saving holders can make investments in various funds which are composed of different compositions according to their own investment preferences and risk profiles.. ·
- Easily Convertible: The investment funds are easily and rapidly convertible into cash with the proceeds accrued.. ·
- Big-sized Investment Advantage: Thanks to the investment funds, you have the opportunity to evaluate your money according to the big-sized investor profile. In this manner, the small saving holders will have the same investment advantage which the big investors have in their investments.. ·
- Time saving: By means of leaving their portfolio managements to the professional managers, the investment fund investors will make not only time but also money savings. At the same time, the time saving is ensured with the big volume purchases and sales to the portfolio..
Where can the investment funds make investment?
The investments which the Investment Funds can make investments in the frame of the regulations of the Capital Market Committee are as follows
The share certificates of the companies which are established in Turkey, private and public borrowing notes (debenture, bonds, etc.),
- Foreign, private and public sector borrowing notes and share certificates,
- Repo,
- Gold and the other previous mines which are transacted in the national and international exchanges and the capital market instruments which are issued depending on them and transacted in the exchanges,
- Other capital market instruments which could be considered as appropriate by the Capital Market Committee.
How does the fund bring incomes?
You can make money from your fund investment in three ways:
- First of all the fund obtains income from the securities owned such as profit share, interest from the securities owned. The fund reflects all of the incomes obtained on the fund portfolio value. ·
- The price of the securities which are owned by the fund may increase. If the fund sells the securities with the increasing price, then it obtains the capital proceeds. The fund reflects such capital profits or losses on the fund portfolio value. ·
- If the fund does not sell but keeps the securities with the increasing prices, then the price of the participation certificates increases. High fund total value shows that your investment is high-priced.
Thus, as the investors sell their participation certificates, they take shares from the value increases/decreases realized up to that moment in the portfolio of the investment funds. It is not in question for the investment funds in our country to distribute profit shares additionally.
What is the security of the investment funds?
- The securities, debentures and bonds which take pat in the Investment Funds are saved in the accounts which are opened in the name of the funds before TAKASBANK. ·
- The property asset of the Investment Funds is independent from the property asset of the founder. ·
- The property asset of the Investment Funds could not be transferred and pledged. ·
- It is compulsory to realize all of the purchase-selling transactions to be realized in the name of the Investment Funds in the related exchanges. ·
- The Investment Funds could not make open sales and credited transactions. ·
- The Investment Funds should be audited by the independent audit companies periodically.
What are the fundamental principles dominating over the investment funds?
The fundamental principles dominating over the Investment Funds are as follows:
- Risk Distribution Principle: Thanks to this principle, it is possible for the investment funds to distribute the risks to the extent that the individuals could not provide by means of their own opportunities. ·
- Professional Management: The securities markets are the technical markets which require some experience and knowledge build-up as of their natures, and it is necessary to follow the developments which occur in these markets closely. Naturally, it is difficult for the individuals to perform such follow-up regularly and to estimate the influences of the developments which are formed in these markets on the prices of the securities and to behave in time accordingly. Because the Investment Funds form portfolios in high amounts by means of collecting money from a lot of persons, they can have the necessary equipments and the qualified staff relating to the security markets. In doing this, they follow the meanings of the movements which are observed in the markets continuously and to realize the necessary transactions (such as purchasing/selling etc.). ·
- Operating Securities Portfolio: While the Investment Funds can make investments in the cash and precious mines within some certain limitations, these are the organizations whose fundamental purpose is to purchase an sell securities and to obtain proceeds from the positive difference which form between such purchases and sales and the profit shares of these securities and related interest to be accrued. ·
- Fiduciary Property: The investment funds are based on the principle of Fiduciary Property. The fund is owned by the Fiduciary fund founder at the basis of the Fiduciary Property. The saving holders grant the authority to carry out the transactions relating to the fund to the founder. This authority transfer is performed by means of the fund internal regulations. The fund is obliged to protect, manage/have managed the rights of the saving holders in the frame of this contract (regulation). ·
- Protection of Assets: While the fund does not have any legal personality, the property asset of the fund is separate from the founder. In addition to this, in accordance with the Capital Market Law, the fund property assets could not be pledged, shown as security and could not be seized by the third persons. That is to say, protecting the fund property assets is secured by means of the laws.
Fund Purchase Transactions
| REQUESTS TO BE GIVEN BEFORE 13:30 | REQUESTS TO BE GIVEN AFTER 13:30 | |||
| PRICE OF REALIZATION | DATE OF PASSING TO THE ACCOUNT | PRICE OF REALIZATION | DATE OF PASSING TO THE ACCOUNT | |
| BankPozitif B Type Debenture Bond Fund | T+1 | T+1 | T+2 | T+2 |
| BankPozitif A Type Variable Fund | T+1 | T+1 | T+2 | T+2 |
Fund Selling Transactions:
| REQUESTS TO BE GIVEN BEFORE 13:30 | REQUESTS TO BE GIVEN AFTER 13:30 | |||
| PRICE OF REALIZATION | DATE OF PASSING TO THE ACCOUNT | PRICE OF REALIZATION | DATE OF PASSING TO THE ACCOUNT | |
| BankPozitif B Type Debenture Bond Fund | T+1 | T+1 | T+2 | T+2 |
| BankPozitif A Type Variable Fund | T+1 | T+1 | T+2 | T+2 |
When BankPozitif funds are purchased and sold?
BankPozitif B Type Liquid Fund:
You can purchase and sell B type liquid fund in the same day price between the hours 00:01 - 16:00. You can purchase and sell B type liquid funds in the next working day price between the hours 17:30 - 23:59.
BankPozitif B type Stock Bond Fund:
You can realize your purchasing request for our B type stock bond fund between the hours 00:01 - 13:30. Thanks to the purchase request which is given between these hours, your B type stock bond fund is passed to your account in the next day from the price formed in the evening in the same day. Your purchasing request for the B type stock bond fund between the hours 13:31 - 23:59 is considered as given in the next working day and the funds are passed to your account two working days after in the price which is formed in the evening of the next day. The amount which you deposited in order to purchase stock bond fund will accumulate interest in the B type liquid fund. In case you give the selling request for our B type liquid fund between the hours 00:01 - 13:30, your money will be passed to your account in the next day in the price formed in the evening in the same day. The stock bond fund selling request which is given between the hours 13:31 - 23:59 is considered as given in the next working day and the funds are passed to your account two working days after in the price which is formed in the evening of the next day.
BankPozitif A type Variable Fund:
If you realize your purchasing request for our A type variable fund between the hours 00:01 - 13:30, then the A type variable fund is passed to your account in the next day from the price formed in the evening in the same day. Your purchasing request for A type variable fund between the hours 13:31 - 23:59 is considered as given in the next working day and the funds are passed to your account two working days after in the price which is formed in the evening of the next day. The amount which you deposited in order to purchase stock bond fund will accumulate interest in the A type variable fund. In case you give the selling request for our A type variable fund between the hours 00:01 - 13:30, your money will be passed to your account in the next day in the price formed in the evening in the same day. The A type variable fund selling request which is given between the hours 13:31 - 23:59 is considered as given in the next working day and the funds are passed to your account three working days after in the price which is formed in the evening of the next day.
