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Mutual Funds

Mutual funds are defined as the collections of assets which have been established with the money to be collected from the public in return for participation certificates with the purpose of managing portfolios on capital market instruments, gold and precious metal on the account of the holders of these certificates on the basis of principle of risk distribution and fiduciary ownership.

Please click here for general information about mutual funds.

Please click for fund subscription and redemption 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.
  • Mutual fund transactions can be executed through HSBC Bank Branches during working hours, HSBC Bank Telephone Banking 0850 211 0 111, HSBC Bank Retail Internet Banking, HSBC Bank Mobile Banking Application and HSBC Bank ATM’s.
  • HSBC Asset Management Money Market Fund is purchased with the buy value of the mutual fund till settlement date.

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" (TEFAS), 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 TEFAS 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 TEFAS. 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 Asset Management Money Market Fund and HSBC Asset Management Short Term Fixed Income Fund will not be traded on TEFAS, these funds can be traded via HSBC Bank A.Ş. branches, internet and telephone banking, mobile banking, ATM and HSBC Securities.
  • Shares of HSBC mutual funds that are traded on TEFAS 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, mobile banking application, ATM and HSBC Securities without paying any extra commission or fee.
  • Shares of HSBC mutual funds traded on TEFAS will also be traded by other financial institutions that are a member of TEFAS.
  • 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, except HSBC Asset Management Multi Asset (Second Variable) Balanced Fund, HSBC Asset Management Multi Asset (Third Variable) Dynamic Fund and HSBC Asset Management Global ETF Fund Basket Fund, are taken 7/24, excluding 17:30-18:00.
  • 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 money market 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 money market fund sale.

For More

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

* On weekdays, buying orders for HSBCL 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.