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TEFAS (Turkish Electronic Fund Trading Platform)

TEFAS is the central electronic platform where Turkish mutual funds can be bought and sold from a single account through any bank or broker. TEFAS is operated by Takasbank and gives investors access to hundreds of funds regardless of the fund founder.
Contents
  1. 1.Key points
  2. 2.How it works
  3. 3.Interpretation
  4. 4.Pitfalls
  5. 5.Frequently asked questions

Key Points

  • Fund prices, portfolio breakdowns and returns are disclosed publicly through TEFAS; Yatırımcı.AI compiles its fund data from this source.
  • TEFAS makes switching between funds easy and keeps costs transparent.
  • orders placed after the cut-off time set in the fund’s prospectus roll over to the next business day and fill at that day’s price.

How It Works

the investor selects a fund code (e.g. TI2, YAY) in their broker’s app and places a buy order; the order fills at the price announced the same or next day depending on the fund type and units settle at T+1 or T+2. Some funds (hedge funds, some pension funds) are outside TEFAS.

Interpretation

TEFAS makes switching between funds easy and keeps costs transparent. The platform provides comparable return and risk data that supports informed choices.

Pitfalls

orders placed after the cut-off time set in the fund’s prospectus roll over to the next business day and fill at that day’s price. Some funds charge entry or exit fees. Funds not listed on TEFAS must be traded through the founder.

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Frequently Asked Questions

TEFAS is the central electronic platform where Turkish mutual funds can be bought and sold from a single account through any bank or broker.

the investor selects a fund code (e.g. TI2, YAY) in their broker’s app and places a buy order; the order fills at the price announced the same or next day depending on the fund type and units settle at T+1 or T+2. Some funds (hedge funds, some pension funds) are outside TEFAS.

Prepared by: Yatırımcı.AI Research TeamLast reviewed: Method: MethodologyEditorial policy