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Mutual Funds

Mutual funds which are professionally prepared maintain bundles of securities and pool together various combinations of risk and return in order to offer investors a wide range of investment opportunities.

Mutual funds fall into two broad categories: A-Type and B-Type.:

A-Type Mutual Funds: A-Type funds are required to have at least 25% of their portfolio value invested in equities which are traded on the BIST on a monthly weighted average.

B-Type Mutual Funds: B-Type funds are not subject to restrictions on portfolio composition. They tend to be invested heavily in fixed-income securities, with portfolios varying primarily in their particular mix of terms to maturity.

Please click here for general information about mutual funds.

Please click for buying and selling fund transactions hours.

Primary Features

  • Professional management.
  • Wide range of investment opportunities in terms of preferences in risk levels, investment instruments, and sectors.
  • Potential to transform modest savings into substantial investments - rapidly with high risk and slowly with low risk.
  • Timely realization: B Type liquid funds can be transferred at any time. In post-dated funds, A Type mutual fund transfers take two business days while B Type mutual fund transfers take one business day.

Extra Benefits

  • Notice periods for mutual funds are:
    • One business day for subscription and two business days for redemption in A Type funds;
    • One business day for both subscription and redemption in B Type funds except B Type Liquid Fund.

      An amount equivalent to the value of the fund at the time of notice is reserved and retained in the HSBC B Type Liquid Fund.
  • Mutual fund buy and sell orders can be placed during business hours at all HSBC Bank Branches and at your convenience (7 days and 24 hours)* through HSBC Bank Telephone Banking 0850 211 0 111, HSBC Bank Retail Internet Banking and HSBC Bank ATMs.

Mutual Funds

HSBC Mutual Funds offer a wide range of portfolio compositions tailored to different risk and return levels:

Taxation Principles

Please click for 2015 Taxation Principles.

Turkey Electronic Fund Distribution Platform

As per the new Capital Market Law and Capital Market Board’s decision reference i-SPK.52.2 (07.03.2014 date and 7/215 ref.), it became mandatory to distribute mutual funds through "Turkey Electronic Fund Distribution Platform" (TEFDP), which is a centralized platform established by Borsa Istanbul (Istanbul Stock Exchange) and operated by the Settlement & Custody Bank (Takasbank) by becoming a member. As of 9th January 2015 TEFDP became live. Starting this date, all mutual fund (Special Fund, Hedge Funds, Real-Estate Mutual Funds, Venture Capital Investment Funds, Guaranteed and Capital Protected Funds excluded) transactions will be executed through TEFDP. Prospectus and internal statute of all mutual funds are published on Public Disclosure Platform (www.kap.gov.tr). On 9th January 2015 with the launch of the platform;

  • Since HSBC Bank A.Ş. B Type Liquid Fund and Short Term T-Bill and Bond Sub Fund under HSBC Bank B Type Umbrella Fund will not be traded on TEFDP, these funds can be traded via HSBC Bank A.Ş. branches, internet and telephone banking, ATM and HSBC Securities.
  • Shares of HSBC mutual funds that are traded on TEFDP and mutual funds of other financial institutions that are a member of the platform can be traded via HSBC Bank A.Ş. branches, internet and telephone banking, ATM and HSBC Securities without paying any extra commission or fee.
  • Shares of HSBC mutual funds traded on TEFDP will also be traded by other financial institutions that are a member of TEFDP.
  • As a result of platform rules, orders placed on the platform may fail to be executed on the day of order until closing time. In such case you will be informed via SMS and this SMS will not be charged.
  • Buy-sell orders of mutual funds of other financial institutions will be taken only within platform hours (For mutual funds with today settlement date on workdays 08:45-13:30, on half days 08:45-11:30; for mutual funds with future settlement date on workdays 08:45-17:30, on half days 08:45-12:30) according to trading rules of the financial institution whose fund is being traded. Buy-sell orders of HSBC mutual funds will be taken 7/24.
  • Settlement & Custody Bank has announced that %20 margin will be applied to fund price in calculations in order to guarantee the payment that will be done according to fund price on settlement date. Since this margin will be applied to fund price for your buy and sell orders, there may be differences in balances in your account in terms of fund shares or cash amount on settlement date.
  • Since liquid fund is sold for buy orders of funds with future settlement date, in case of order cancellation you can be subject to tax payment as a result of liquid fund sale.

For More

For further information, please call HSBC Bank Telephone Banking 0850 211 0 111.

* On weekdays, buying orders for HSBCL (HSBC Bank's B Type Liquid Fund) can be placed between 13:46-16:00, while sales transactions can be performed between 13:46-24:00 within the limits specified by the Bank. On weekends and holidays, HSBCL buy orders are not restricted, while sales are fulfilled within the Bank's limits.