- Fund size
- TRY 2.1B
- Investors
- 1,353
- Management fee (annual)
- 3.20%
- Today's estimate
- −1.95%
GMA Fund Price Chart
Key Data
- Price
- 2.193193Oct 16, 2026
- Daily change
- −0.15%
- Trading status
- Open to trading
- Category
- Variable Fund
- Umbrella fund
- Variable
- Manager
- Azimut Portföy Yönetimi A.Ş.
- Risk score
- 5 / 7
- Fund size
- TRY 2.1B
- Investors
- 1,353
- Units outstanding
- 976.6M
- Purchase / redemption value date
- T+1 / T+2
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 13:30
- ISIN
- TRMBYKWWWWW5
- Inception date
- Jul 31, 2015
- Benchmark
- %51 BIST 100 Getiri Endeksi + %49 BIST- KYD REPO(BRÜT ) Endeksi
Live Estimate
GMA Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| GMA | 0.24% | 6.86% | 14.12% | 31.56% | 42.77% |
| Category average | −1.80% | 0.24% | 7.83% | 22.92% | 33.81% |
| BIST 100 | −10.66% | −17.73% | −17.44% | 4.10% | 13.05% |
| Category rank | 37 / 138 | 20 / 138 | 44 / 136 | 30 / 138 | 22 / 129 |
GMA Fund Review and Performance Summary
GMA returned 42.77% over the last year, ranking 22 of 129 funds in the Variable Fund category. Over the same period: category average 33.81%, BIST 100 13.05%.
Between October 16, 2025 and October 16, 2026 the unit price ranged from a low of TRY 1.524776 (October 20, 2025) to a high of TRY 2.230701 (September 24, 2026). The latest price is 1.68% below the high and 43.84% above the low.
The largest decline in the period was 5.87% (from the February 17, 2026 high to March 30, 2026). Annualized volatility based on daily price changes: 9.28%. The price rose on 146 of 251 trading days.
Monthly returns were positive in 10 of the last 12 months; best month January 2026 (11.07%), weakest month March 2026 (−3.31%).
Between October 16, 2025 and October 16, 2026 the number of investors fell 6.88%, from 1,453 to 1,353. Fund size grew from TRY 1.1B to TRY 2.1B over the same period.
Highest one-year returns in the category: CPT (84.16%), YIT (72.59%), IRT (61.01%).
GMA monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| September 2026 | 2.187395 | 0.22% |
| August 2026 | 2.182572 | 5.70% |
| July 2026 | 2.064932 | 2.59% |
| June 2026 | 2.012749 | 0.64% |
| May 2026 | 1.999940 | 3.41% |
| April 2026 | 1.933982 | 8.12% |
| March 2026 | 1.788727 | −3.31% |
| February 2026 | 1.849887 | −0.09% |
| January 2026 | 1.851641 | 11.07% |
| December 2025 | 1.667044 | 3.34% |
| November 2025 | 1.613177 | 2.73% |
| October 2025 | 1.570375 | 3.67% |
This summary is calculated automatically from TEFAS price history and category data; it is not investment advice. Past performance does not indicate future returns.
GMA Asset Allocation
- Stock59.09%
- Switched-Repo12.23%
- Foreign Exchange-Traded Funds6.39%
- Futures Cash Collateral5.04%
- Investment Fund Participation Shares5.02%
- Other12.23%
Stocks in the GMA Fund
AKBNKAkbank6.20%4.78%
TRMETTR Anadolu Metal Madencilik4.35%1.83%
MPARKMLP Sağlık4.25%1.02%
TOASOTofas Oto. Fab.4.24%−0.02%
SAHOLSabanci Holding3.92%1.48%
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 TE4TEB Portföy Birinci Değişken Fon | 2.26% | 34.03% | 45.77% |
 TI4İş Portföy Temkinli Değişken Fon | 2.74% | 23.84% | 42.67% |
 GBVGaranti Portföy Blockchain Teknolojileri Değişken Fon | −4.21% | 32.05% | 28.83% |
| YITGaranti Portföy Yarı İletken Teknolojileri Değişken Fon | −0.79% | 59.24% | 72.59% |
 HOAHSBC Portföy Teknoloji Değişken Fon | −1.63% | 26.95% | 29.71% |
Related Pages
About the GMA Fund
Azimut Portföy Birinci Değişken Fon (GMA) is a mutual fund in the Variable Fund category managed by Azimut Portföy Yönetimi A.Ş. Its price on October 16, 2026 is TRY 2.193193; the daily return is −0.15%, year-to-date 31.56% and 1-year 42.77%. Fund size TRY 2.1B, 1,353 investors, risk score 5/7. Today's estimated return is −1.95%; the estimated price is TRY 2.150351 (as of Oct 16, 2026, 11:28, 69% of the portfolio priced intraday).
Fon'un yatırım stratejisi uyarınca; Fonun değişken fon olması sebebiyle aşağıda yer alan tabloda belirtilen varlıklara yatırım yapılarak portföy çeşitliliği sağlanması hedeflenir. Fon portföyünün yönetiminde yatırım yapılacak sermaye piyasası araçları seçilirken ağırlıklı olarak BIST'te işlem gören ortaklık payları tercih edilecektir. Bununla birlikte Kamu ve/veya özel sektör borçlanma araçlarına ve kira sertifikalarına da yer verilecektir. Portföy yöneticisi; fon portföyüne dahil edilecek ortaklık paylarının seçimini sağlamak için temel ve teknik analiz yöntemlerinden faydalanırken, borçlanma araçlarının seçiminde ise piyasa koşullarına uygun olan vade yapısı ve getiriyi göz önünde bulunduracaktır.
Live estimate error over the last 30 days: 0.70 points on average (11 trading days, latest October 15, 2026). Estimate coverage is 60%: only this share of the portfolio has intraday prices, so the error can be larger. Live Fund Estimate Track Record
Last updated: Source: TEFAS
Frequently Asked Questions
What will the GMA fund price be today?
Today's estimated price of GMA is TRY 2.150351, an estimated return of −1.95% (as of Oct 16, 2026, 11:28; 69% of the portfolio priced intraday). The estimate is derived from the fund's latest disclosed portfolio weights and live stock prices; the official price is published after the session close and may differ.
How accurate is the GMA live estimate?
Compared with the official price over the last 30 days, the live estimate of GMA was off by 0.70 points on average (11 trading days, latest October 15, 2026). Estimate coverage is 60%: only this share of the portfolio has intraday prices, so the error can be larger. Results for all funds are published on the live fund estimate track record page.
When is the GMA fund price published?
The official unit price of GMA is calculated by the founder after each session close and is usually published on TEFAS the next business morning; the latest official price on this page is dated October 16, 2026. Until the price is published, see the live estimate section for an intraday estimate.
What is the GMA fund price today?
The unit price of GMA on October 16, 2026 is TRY 2.193193, a daily return of −0.15%. Fund prices are published after each business day; see the live estimate page for an intraday estimate.
How much did GMA return over the last year?
GMA returned 42.77% over the last year, 31.56% year to date, 6.86% over 3 months and 0.24% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of GMA over the last year?
Between October 16, 2025 and October 16, 2026 the unit price of GMA ranged from a low of TRY 1.524776 (October 20, 2025) to a high of TRY 2.230701 (September 24, 2026). The latest price as of October 16, 2026 is TRY 2.193193.
What is the risk score of GMA?
The CMB risk score of GMA is 5 out of 7. The score reflects the historical volatility of the fund price; 1 is the lowest and 7 the highest risk.
What is the management fee of GMA?
The annual management fee of GMA is 3.20%; the purchase value date is T+1 and the redemption value date T+2. Fees are reflected in the fund price rather than charged separately.
What does GMA invest in?
The portfolio of GMA consists mainly of Stock (59.09%), Switched-Repo (12.23%), Foreign Exchange-Traded Funds (6.39%). Fon'un yatırım stratejisi uyarınca; Fonun değişken fon olması sebebiyle aşağıda yer alan tabloda belirtilen varlıklara yatırım yapılarak portföy çeşitliliği sağlanması hedeflenir. Fon portföyünün yönetiminde yatırım yapılacak sermaye piyasası araçları seçilirken ağırlıklı olarak BIST'te işlem gören ortaklık payları tercih edilecektir. Bununla birlikte Kamu ve/veya özel sektör borçlanma araçlarına ve kira sertifikalarına da yer verilecektir. Portföy yöneticisi; fon portföyüne dahil edilecek ortaklık paylarının seçimini sağlamak için temel ve teknik analiz yöntemlerinden faydalanırken, borçlanma araçlarının seçiminde ise piyasa koşullarına uygun olan vade yapısı ve getiriyi göz önünde bulunduracaktır.
Which stocks does the GMA fund hold?
According to the September 2026 portfolio report, the largest holdings of GMA are AKBNK (6.20%), TRMET (4.35%), MPARK (4.25%), TOASO (4.24%), SAHOL (3.92%). All holdings and their weight changes against the previous month are on the portfolio page.
Which other funds are in the same category as GMA?
GMA belongs to the Variable Fund category. Compare the returns of all funds in the category on the category page and the overall ranking on the best funds page.