MONEY MARKET PARTICIPATION (TL) FUND
Turkey's first interest-free participation money market fund!
Don't let your cash wait in your account before meeting your short-term needs! With KLU, utilise your cash in an interest-free way on a daily basis without waiting for maturity!
Through Kuveyt Türk Participation Bank Transactions can be carried out 24/7 within certain limits.
Who is it Suitable for?
KLU is suitable for investors who have a low risk perception, who do not want to lose their principal, who want to earn regular income with low risk.
- It is a liquid fund where you can manage your cash flow thanks to the ease of same day transactions.
- The Fund invests in short-term lease certificates and participation accounts issued by the domestic public and private sectors, primarily in committed transactions based on lease certificates approved by the Advisory Board.
- It has low risk value since it invests in fixed income products.
- You may evaluate your savings on a daily basis and execute your orders on the same day.
- Moreover, on the sales you will make through Kuveyt Türk you can make transactions within the limits 24/7 for the whole week.
Fund Information
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Distribution Reports
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Investment Amount
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Investment periodDay
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Net Return
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Gross Return
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Net Rate of Return%
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Fund Trading Hours
Fund Purchase
| Request Time (T Day) | Demand Fulfillment Price | Request Fulfillment Day |
|---|---|---|
| 09:00 - 12:30 | T+0 Day Price | T+0 Day Between 14:00-15:00 |
| 12:30 - 17:00 | T+1 Day Price | T+1 Day Between 14:00-15:00 |
Fund Sale
| Request Time (T Day) | Demand Fulfillment Price | Request Fulfillment Day |
|---|---|---|
| 09:00 - 12:30 | T+0 Day Price | T+0 Day Between 14:00-15:00 |
| 12:30 - 17:00 | T+1 Day Price | T+1 Day Between 14:00-15:00 |
Transactions in KLU, KSV and KTV funds can be carried out 24/7 exclusively through Kuveyt Türk Participation Bank, subject to the following limits and conditions:
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On business days until 12:30: Purchase and redemption orders may be placed with no limit on the transaction amount.
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On business days between 12:30 and 17:00: Purchase and redemption transactions may each be carried out up to TRY 100 million.
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After 17:00: Purchase orders may be placed with no limit on the transaction amount, effective the following day.
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After 17:00, including weekends: Fund redemptions of up to TRY 100,000 may be carried out.
Fund Information
- Asset and Transaction Type Minimum% Maximum%
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Public and Private Sector Lease Certificates (TL)
%0 %100 -
Purchase Transactions with Resale Commitment Carried Out in BIST Committed Transactions Market
%0 %100 -
Participation Account (TL)
%0 %50 -
Promissory Contracts
%0 %10
