Data-driven writing on Turkish markets, investment funds and financial instruments.
Turkey’s benchmark equity index through the lens of a foreign reader — why the lira chart and the dollar chart tell different stories, and how the 190 equity funds on TEFAS relate to it.
The comparison most Turkish savers actually face, and why a gross deposit rate and a fund return are not the same kind of number until you adjust for withholding tax.
What the process involves, why a tax number comes first, and why this site cannot give you a document checklist that stays true. Written to tell you what to ask, not to pretend the rules are fixed.
A structural explainer rather than a rate table — what determines your position, why withholding differs between deposits and funds, and where the authoritative answer lives.
TEFAS lists 28 gold and precious metals funds across three categories. Lira returns combine the metal price and the exchange rate, and separating the two changes what a strong year means.
Usually not directly, and not from abroad — TEFAS access needs a Turkish tax number and a local bank account. What the data is still good for, and the trap in reading lira returns.
What TEFAS is, what the 1,217 funds on it look like, which data it publishes, and the three things worth checking on a fund page before the headline return.
Nominal returns say very little in a high-inflation economy. The three benchmarks that matter, the withholding-tax asymmetry between funds and deposits, and where real return stops being useful.
Turkey’s interest-free fund market is more granular than most summaries suggest, with compliant tracks built into the pension system. How sukuk funds behave, and why lira reporting matters.