Mutual Funds
Mutual funds are assets created with the view of operating a portfolio of capital market instruments and precious metals traded in domestic and international markets with investors’ funds on the principle of dispersing the risk and fiduciary ownership.
At least 25% of the portfolio, based on the monthly weighted average of the portfolio value, maintained by Type A mutual funds always consists of equities of companies established in Turkey, including any privatized Public Enterprises; all the others are classified as Type B. The type of the fund is indicated in the fund name.
Benefits of Mutual Funds
The investors’ savings are managed by competent and reliable managers.
The risk is dispersed thanks to the diversity of the investment instruments contained in the fund portfolios.
It enables investment in high-return securities which are normally unavailable to smaller investments.
Money Market Funds can be liquidated instantly and other types of funds within 1 to 4 days at the amounts needed.
The high volumes of the mutual funds provide time and cost saving during trading.
Important Points When Investing in Mutual Funds
Mutual funds carry varying degrees of risk depending on the type and portfolio weight of the securities contained in them.
The value of the fund may rise or fall in line with the market developments and price movements. It should be remembered that tpotentially higher returns involve higher risks. When choosing a fund the investor should decide whether the management strategy and the degree of risk carried by the risk in which he/she considers investing are compatible with his/her preference and the degree of risk he/she wills to take.
The investors should be aware of the basic details, management strategies and trading principles of the funds in which they are considering to invest.
Historical performance of the mutual fund should be examined and compared with alternative instruments. It should be remembered however that the performance of a particular fund in the past is no guarantee that a similar return may be enjoyed in the future.
Daily fluctuations in the price should not be a factor in the investor’s choice of a fund. Other than money market funds, all mutual funds should be considered vehicles of medium- or long-term investment.
ING BANK World of Mutual Funds
ING Bank offers 6 Type B and 3 Type A mutual funds to the investors. Click the one that interests you below to obtain more information on these funds.
You may also obtain fund regulations and detailed information on the Mutual Funds offered by ING Bank A.Ş. from any
ING Bank A.Ş. branch office.
Mutual funds established by ING Bank A.Ş. are managed by
ING Portfolio Management A.Ş.
ING Bank Mutual Funds Trading Principles
You can buy or sell ING Bank A.Ş. Type B Money Market Mutual Fund (LİKİT) 24 hours at ING Bank branch offices, or through Internet Banking (
www.ingbank.com.tr) or Telephone Banking at 0850 222 0 600 and any ING Bank ATMs subject to the following terms and conditions.
On working days between 00:00 – 16:00 hours, trading take place over that day’s declared price. Between 17:00-23:59 hours and on holidays fund buying orders are performed over the fund price effective on the next working day, and fund selling orders are effected over the fund price that was effective on the last working day.
No limit is applied to transactions taking place at our Branch Offices on working days between 08:30 – 13:45 hours. A TL 100,000 daily limit applies to any transaction performed through the ATMs, Internet Banking or Telephone Banking 0850 222 0 600.
The transaction limit per investor is TL 50,000 for all fund trading transactions from 13:45 until 08:30 hours the next day during working days, and throughout holidays.
For any ING Bank mutual fund other than Money Market Mutual Fund, orders can be issued 24 hours at ING Bank branch offices, or through Internet Banking (
www.ingbank.com.tr) or Telephone Banking at 0850 222 0 600.
The trading hours and prices for all mutual funds other than money market funds are as follows:
ING Bank Type A Funds transaction price and realization
ING Bank Type A Funds transaction price and realization
| |
For orders issued by 13:00 hours on working day T |
Orders issued after 13:00 hours or during holidays |
| Fund |
Transaction Type |
Price Date |
Realization Date |
Price Date |
Realization Date |
| ING Bank Type A Variable Mutual Fund (Balanced) |
Buying |
T+1 |
T+1 |
T+2 |
T+2 |
| Selling |
T+1 |
T+2 |
T+2 |
T+3 |
| ING Bank Type A ISE 30 Index Mutual Fund (Index) |
Buying |
T+1 |
T+1 |
T+2 |
T+2 |
| Selling |
T+1 |
T+2 |
T+2 |
T+3 |
| ING Bank Type A Equity Mutual Fund (Equity) |
Buying |
T+1 |
T+1 |
T+2 |
T+2 |
| Selling |
T+1 |
T+2 |
T+2 |
T+3 |
Type B Funds transaction price and realization
Type B Funds transaction price and realization
| |
For orders issued by 13:00 hours on working day T |
Orders issued after 13:00 hours or during holidays |
| Fund |
Transaction Type |
Price Date |
Realization Date |
Price Date |
Realization Date |
| ING Bank Type B Variable Mutual Fund (Flexible) |
Buying |
T+1 |
T+1 |
T+2 |
T+2 |
| Selling |
T+1 |
T+2 |
T+2 |
T+3 |
| ING Bank Type B T-Bills and Bonds Mutual Fund |
Buying |
T+1 |
T+1 |
T+2 |
T+2 |
| Selling |
T+1 |
T+1 |
T+2 |
T+2 |
| ING Bank Type B Foreign Securities Mutual Fund |
Buying |
T+1 |
T+1 |
T+2 |
T+2 |
| Selling |
T+1 |
T+3 |
T+2 |
T+4 |
| ING Bank Type B Long-Term T-Bills and Bonds Mutual Fund |
Buying |
T+1 |
T+1 |
T+2 |
T+2 |
| Selling |
T+1 |
T+1 |
T+2 |
T+2 |
| ING Bank Type B Gold Mutual Fund |
Buying |
T+1 |
T+1 |
T+2 |
T+2 |
| Selling |
T+1 |
T+1 |
T+2 |
T+2 |
ING Bank A.Ş. Mutual Funds Trading Locations
ING Bank A.Ş. Mutual Funds Trading Locations
| Type of Fund |
Trading Location |
| Money Market Fund |
ING Bank A.Ş and Oyak Yatırım Menkul Değerler A.Ş. Branch Offices,
ING Bank Internet Banking Branch,
Telephone Banking 0850 222 0 600
|
| Foreign Securities Fund |
| T-Bills/Bonds Fund |
| Balanced Fund |
| Equity Fund |
| Indexed Fund |
| Long-Term T-Bills/Bonds Fund |
ING Bank A.Ş Branch Offices, ING Bank Internet Banking Branch,
Telephone Banking 0850 222 0 600 |
| Flexible Fund |
| Gold Fund |
