Mutual Funds

Access our broad range of mutual fund via ON, to easily give trading orders, and track your fund portfolio.

If you are not an ON’ner yet, download ON, and take the step Become our Customer. Complete the form and easily become an ON’ner via video call.

In ON - Investments menu, follow the steps to open an investment account. Start trading as soon as your account is opened!

Mutual funds are assets founded to manage portfolios of capital market instruments, gold and other precious metals based on fiduciary property and risk spreading principles, with the monies collected from investors.

Each investor becomes a partner in the fund by buying units representing part of the portfolio owned by the fund. Fund units are kept in custody in the name of the investor. Fund portfolios are managed by professional fund managers who continuously monitor the market, in accordance with the investment strategies stated in their by-laws, in order to maximize returns while considering balanced allocation of risk.

Investments are effectively managed by professional managers who continuously monitor and interpret the markets.

As the increase in value of fund portfolio is reflected daily on the fund price, investors can convert their investments in the fund into cash within the fund call-periods, together with accrued income.

Mutual fund returns and other information are available from distribution channels or newspapers, magazines and related internet sites in any frequency.

They allow investing in securities with high potential of earning, which cannot be accessed otherwise by small savings.

As securities are evaluated and controlled, and coupons, interests and dividends are collected by fund management, investors do not have to monitor terms or collections, which take time and resources.

For Full and Limited Taxpayer Real Persons;

• No withholding tax is applicable for yields from participation certificates of investment funds with a portfolio, 51% of which are invested in shares traded at BIST and kept for a holding period of one year.

• The withholding tax applicable for yields from participation certificates of share-intensive funds, 80% of which are invested in shares traded at BIST (except for MKYO) is 0%.

• The withholding tax applicable for yields from participation certificates of venture funds and real-estate investment funds kept for a minimum of two years is 0%.

• The withholding tax applicable for yields from investment funds acquired from December 23rd, 2020, to April 30th, 2024 except for variable, mixed, eurobond, foreign, and hedge funds and any fund with FX in its title is 0%.

• The withholding tax rate, which is 0% for income and gains, will be applied as 7.5% for investment funds acquired between 01.05.2024 - 31.10.2024 (including these dates) except for Variable, Mixed, Eurobond, Foreign Debt, Foreign, Hedge Funds and investment funds with the expression "Foreign Exchange" in their fund title.

• The withholding tax applicable for yields from participation certificates of investment funds other than those listed above and other stock market funds is 10%.

• The withholding tax is final. It has not been declared.

For equity companies and similar foreign companies;

• The withholding tax applicable for earnings by joint-stock companies, limited partnerships, and limited-liability companies is 0%. The earnings are subject to corporate tax.

• Except for the investment funds with FX assets and gold as well as other precious metals and capital markets instruments based on these in their portfolio, dividends from participation certificates of mutual funds subject to full obligation and revenues from returning the participation shares to the fund as well as dividends from participation certificates of venture funds subject to full obligation and revenues from returning the participation shares to the fund are exempt from corporate tax while corporate tax is applicable to others.

• The withholding tax applicable for earnings by foreign joint-stock companies, limited partnerships, and limited-liability companies, as well as foreign institutions specified to be similar to investment funds and investment trusts established under the Capital Markets Law by the Ministry of Finance, is 0%. The withholding tax is final and it is not declared.

Regarding the organizations other than those listed above;

• No withholding tax is applicable for yields from participation certificates of mutual funds with a portfolio, 51% of which are invested in shares traded at BIST and kept for a holding period of one year.

• The withholding tax applicable for yields from participation certificates of share-intensive funds 80% of which are invested in shares traded at BIST (except for MKYO) is 0%.

• The withholding tax applicable for yields from participation certificates of venture funds and real-estate investment funds kept for a minimum of two years is 0%.

• The withholding tax applicable for yields from investment funds acquired from December 23rd, 2020, to April 30th, 2024 except for variable, composite, eurobond, foreign and hedge funds and any fund with FX in its title is 0%.

• The withholding tax rate, which is 0% for income and gains, will be applied as 7.5% for investment funds acquired between 01.05.2024 - 31.10.2024 (including these dates) except for Variable, Mixed, Eurobond, Foreign Debt, Foreign, Hedge Funds and investment funds with the expression "Foreign Exchange" in their fund title.

• Yields from investment fund participation certificates other than those listed above are subject to a 10% withholding tax.

• Institutions that are obligated to submit tax statements can deduct the withholding tax paid from the corporate tax.

Turkish Electronic Fund Trading Platform (TEFAS) is an electronic platform for trading in all mutual funds active in the capital markets, upon resolution of the Capital Markets Board. TEFAS has commenced operations on 09.01.2015.

TEFAS allows comparison of all funds from a single system, and offers access to all funds in the market, with a single investment account. It is operated by İstanbul Takas ve Saklama Bankası A.Ş. (Custody House).

All mutual funds founded by all portfolio companies are traded on TEFAS.

You may purchase the mutual funds of relevant institutions which are traded on TEFAS, from our branches, or ON Internet Branch, ON Mobile, or Contact Center. For the website of institutions, click on the institution name.