Ana Sayfa / Money Market Funds / Deposit Equivalent

Turkish Money Market Funds vs Bank Deposits

The gross deposit equivalent of the 20 best-performing money market funds, computed from each fund's actual CAGR: "holding this fund is worth the same as a bank deposit paying X% gross." Turkey withholds 10% tax on deposit interest but not on these funds, and the figures below adjust for that difference.

0
PPF Fon
0.0%
Best equivalent
0.0%
Average equivalent
How this is calculated The fund's CAGR for the selected period is annualised, then grossed up by the 10% deposit withholding tax. Formula: Equivalent = CAGR / (1 − 0.10) • Money market fund returns are untaxed, so net equals gross.
Periyod: 1 Ay 3 Ay 6 Ay 1 Yıl
Reference deposit rate: ~42.0% gross
# Fon Deposit equivalent
(gross, annual) 		CAGR
(6 Ay, net) 		Size Fee
Notlar: Deposit equivalent = CAGR ÷ (1 − 10% withholding tax). These figures reflect past performance and guarantee nothing about the future. All amounts are in Turkish lira. Data from TEFAS, updated daily.