- Fund size
- TRY 21.6M
- Investors
- 301
- Management fee (annual)
- 2.00%
- Today's estimate
- 0.60%
At a Glance: MAD Fund
- The MAD fund price was TRY 0.963883 as of November 12, 2026, a daily change of −0.76%.
- The MAD fund returned −2.42% over 1 month, −0.37% year to date and 3.94% over 1 year.
- The MAD fund has total assets of TRY 21.6M and 301 investors.
- The MAD fund is in the Variable Fund category, with a CMB (SPK) risk score of 6 out of 7.
- The MAD fund was established by Meksa Portföy Yönetimi A.Ş.
What is the MAD fund?
MAD is the fund code of Meksa Portföy Birinci Değişken Fon. It was established by Meksa Portföy Yönetimi A.Ş. The MAD fund is in the Variable Fund category, with a CMB (SPK) risk score of 6 out of 7.
What is the MAD fund price and return?
The MAD fund price was TRY 0.963883 as of November 12, 2026. It returned −2.42% over 1 month, −0.37% year to date and 3.94% over 1 year.
MAD Fund Price Chart
Key Data
- Price
- 0.963883Nov 12, 2026
- Daily change
- −0.76%
- Trading status
- Open to trading
- Category
- Variable Fund
- Umbrella fund
- Variable
- Manager
- Meksa Portföy Yönetimi A.Ş.
- Risk score
- 6 / 7
- Fund size
- TRY 21.6M
- Investors
- 301
- Units outstanding
- 22.4M
- Purchase / redemption value date
- T+1 / T+2
- Min. purchase (units)
- 1
- Trading hours
- 09:00 – 13:30
- ISIN
- TRMMADWWWWW7
- Inception date
- Sep 28, 1998
- Benchmark
- %70 BIST 100 ENDEKSİ + %25 BIST KYD O/N BRÜT REPO ENDEKSİ + %5 BIST KYD DIPS 365 GÜN
Live Estimate
MAD Return Comparison
| Comparison | 1M | 3M | 6M | YTD | 1Y |
|---|---|---|---|---|---|
| MAD | −2.42% | −4.64% | −9.11% | −0.37% | 3.94% |
| Category average | −1.84% | −2.55% | 0.15% | 22.74% | 28.98% |
| BIST 100 | −2.62% | −16.14% | −19.94% | 5.07% | 11.20% |
| Category rank | 75 / 138 | 85 / 138 | 116 / 138 | 132 / 138 | 120 / 129 |
MAD Fund Review and Performance Summary
MAD returned 3.94% over the last year, ranking 120 of 129 funds in the Variable Fund category. Over the same period: category average 28.98%, BIST 100 11.20%.
Between November 12, 2025 and November 12, 2026 the unit price ranged from a low of TRY 0.874484 (November 2, 2026) to a high of TRY 1.112946 (June 19, 2026). The latest price is 13.39% below the high and 10.22% above the low.
The largest decline in the period was 21.43% (from the June 19, 2026 high to November 2, 2026). Annualized volatility based on daily price changes: 20.30%. The price rose on 125 of 251 trading days.
Monthly returns were positive in 8 of the last 12 months; best month April 2026 (6.28%), weakest month July 2026 (−8.33%).
Between November 12, 2025 and November 12, 2026 the number of investors fell 35.55%, from 467 to 301. Fund size fell from TRY 25.9M to TRY 21.6M over the same period.
Highest one-year returns in the category: CPT (67.10%), YIT (60.31%), ECA (53.10%).
MAD monthly returns
| Month | Month-end price (TRY) | Monthly return |
|---|---|---|
| October 2026 | 0.898563 | −7.44% |
| September 2026 | 0.970754 | −7.16% |
| August 2026 | 1.045655 | 5.89% |
| July 2026 | 0.987460 | −8.33% |
| June 2026 | 1.077199 | 5.92% |
| May 2026 | 1.017028 | 0.24% |
| April 2026 | 1.014599 | 6.28% |
| March 2026 | 0.954603 | −4.86% |
| February 2026 | 1.003367 | 1.32% |
| January 2026 | 0.990299 | 2.36% |
| December 2025 | 0.967447 | 3.52% |
| November 2025 | 0.934516 | 0.31% |
This summary is calculated automatically from TEFAS price history and category data; it is not investment advice. Past performance does not indicate future returns.
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MAD Asset Allocation
- Stock73.36%
- Takasbank Money Market15.39%
- Futures Cash Collateral8.73%
- Commercial Paper2.52%
Stocks in the MAD Fund
GLYHOGlobal Yat. Holding9.59%0.21%
GARANGaranti Bankasi4.79%0.22%
TRGYOTorunlar GMYO4.71%0.31%
ANSGRAnadolu Sigorta4.64%0.34%
TAVHLTav Havalimanlari4.46%−0.28%
Net Flows
Investors
Similar Funds
| Fund | 1 month | YTD | 1 year |
|---|---|---|---|
 ICCTEB Portföy Beşinci Değişken Fon | −0.36% | 19.33% | 24.31% |
 DRTDeniz Portföy Robotik Teknolojileri Değişken Fon | −8.39% | 11.05% | — |
 KRFKare Portföy Birinci Değişken Fon | −0.82% | 23.93% | 29.82% |
 MBLMeksa Portföy İkinci Değişken Fon | 2.94% | 36.49% | 43.56% |
 RPCRota Portföy İklim Değişikliği Çözümleri Değişken Fon | −1.64% | 28.21% | 39.98% |
Related Pages
About the MAD Fund
Meksa Portföy Birinci Değişken Fon (MAD) is a mutual fund in the Variable Fund category managed by Meksa Portföy Yönetimi A.Ş. Its price on November 12, 2026 is TRY 0.963883; the daily return is −0.76%, year-to-date −0.37% and 1-year 3.94%. Fund size TRY 21.6M, 301 investors, risk score 6/7. Today's estimated return is 0.60%; the estimated price is TRY 0.969691 (as of Nov 12, 2026, 12:14, 74% of the portfolio priced intraday).
Fon toplam değerinin en az %51'i devamlı olarak menkul kıymet yatırım ortaklıkları payları hariç olmak üzere BIST'te işlem gören ortaklık paylarına yatırılır,ancak riskten korunmak amacıyla aktif olarak yönetilecek türev araç pozisyonları ile ortaklık payı piyasasına göre daha düşük volatilite hedeflemektedir.Riskten korunma ve/veya yatırım amacıyla türev araçlar(VIOP sözleşmeleri,forward,opsiyon sözleşmleri) dahil edilebilir.Ortaklık payları,özel sektör ve kamu borçlanma araçları altın ve diğer kıymetli madenler,faiz,döviz/kur ve finansal endekslere dayalı türev araçlara, varantlara ve sertifikalara yatırım yapılabilir.Fon yabancı para ve sermaye piyasası araçlarına yatırım yapabiir.
Live estimate error over the last 30 days: 1.05 points on average (14 trading days, latest November 11, 2026). Estimate coverage is 74%: 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 MAD fund price be today?
Today's estimated price of MAD is TRY 0.969691, an estimated return of 0.60% (as of Nov 12, 2026, 12:14; 74% 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 MAD live estimate?
Compared with the official price over the last 30 days, the live estimate of MAD was off by 1.05 points on average (14 trading days, latest November 11, 2026). Estimate coverage is 74%: 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 MAD fund price published?
The official unit price of MAD 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 November 12, 2026. Until the price is published, see the live estimate section for an intraday estimate.
What is the MAD fund price today?
The unit price of MAD on November 12, 2026 is TRY 0.963883, a daily return of −0.76%. Fund prices are published after each business day; see the live estimate page for an intraday estimate.
How much did MAD return over the last year?
MAD returned 3.94% over the last year, −0.37% year to date, −4.64% over 3 months and −2.42% over 1 month. Past performance does not indicate future returns.
What were the highest and lowest prices of MAD over the last year?
Between November 12, 2025 and November 12, 2026 the unit price of MAD ranged from a low of TRY 0.874484 (November 2, 2026) to a high of TRY 1.112946 (June 19, 2026). The latest price as of November 12, 2026 is TRY 0.963883.
What is the risk score of MAD?
The CMB risk score of MAD is 6 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 MAD?
The annual management fee of MAD is 2.00%; 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 MAD invest in?
The portfolio of MAD consists mainly of Stock (73.36%), Takasbank Money Market (15.39%), Futures Cash Collateral (8.73%). Fon toplam değerinin en az %51'i devamlı olarak menkul kıymet yatırım ortaklıkları payları hariç olmak üzere BIST'te işlem gören ortaklık paylarına yatırılır,ancak riskten korunmak amacıyla aktif olarak yönetilecek türev araç pozisyonları ile ortaklık payı piyasasına göre daha düşük volatilite hedeflemektedir.Riskten korunma ve/veya yatırım amacıyla türev araçlar(VIOP sözleşmeleri,forward,opsiyon sözleşmleri) dahil edilebilir.Ortaklık payları,özel sektör ve kamu borçlanma araçları altın ve diğer kıymetli madenler,faiz,döviz/kur ve finansal endekslere dayalı türev araçlara, varantlara ve sertifikalara yatırım yapılabilir.Fon yabancı para ve sermaye piyasası araçlarına yatırım yapabiir.
Which stocks does the MAD fund hold?
According to the October 2026 portfolio report, the largest holdings of MAD are GLYHO (9.59%), GARAN (4.79%), TRGYO (4.71%), ANSGR (4.64%), TAVHL (4.46%). All holdings and their weight changes against the previous month are on the portfolio page.
Which other funds are in the same category as MAD?
MAD 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.