Applications for the Cash Prize Funds Starts on April 18

Applications for the Cash Prize Fund Competition Starts in April
Applications for the Cash Prize Funds Starts on April 18

Applications for the 'Golden Egg University Fund Basket Competition', which will be held for the third time this year for university students in cooperation with Takasbank, Turkish Capital Markets Association (TSPB) and Turkish Institutional Investor Managers Association (TKYD), starts on April 18. In the competition, which aims to direct university students to long-term investments, to provide them with information about mutual funds and to increase the prevalence of the Turkish Electronic Fund Trading Platform (TEFAS), between the ages of 18 and 26, enrolled in an associate or undergraduate degree at a university located in Turkey. students can attend. Applications for the award-winning 'Golden Egg University Fund Basket Competition' can be made by downloading the 'Golden Egg Fund Basket' application on IOS or Android devices.

Applications for the 'Golden Egg University Fund Basket Competition', organized in cooperation with Takasbank, Turkish Capital Markets Association and Turkish Institutional Investor Managers Association, start on Monday, April 18th. The third fund basket competition, which was initiated to guide university students to long-term savings and investments, to provide them with information about mutual funds, and to increase the prevalence of TEFAS, is being held for the third time this year.

In the 'My Golden Egg University Fund Basket Competition', university students are asked to manage their portfolios created in the virtual environment, by choosing at least one of the profiles in this scenario, according to three different scenarios. Students will be able to apply for the competition via edu.tr or the 'Golden Egg Fund Basket' mobile application downloaded to their mobile phones with their university's official e-mail addresses. For security reasons, the mobile application will not be accessible from abroad for the competition. Applications for the competition can be made until 30 on Saturday, April 2022, 23.00. Students whose applications are accepted are entitled to participate in the competition, which will start on 9 May. kazanwill ache. The competition will continue until 30 November 2022.

From the competitors; They will be asked to manage a virtual budget of 20 million TL for each scenario, with three different scenarios covering 39-40, 64-65 and 1 and over age periods. Competitors will be able to create their asset allocation only from security mutual funds (excluding hedge funds) traded in TEFAS. Participants will be able to trade between 14.00 and 23.00 on weekdays and weekends, and basket changes or balancing can be carried out a maximum of 4 (four) times per month.

At the end of the competition, the winners with different names in each asset class will receive a cash prize of 15 thousand TL, and the runners-up will receive a cash prize of 12 thousand TL. kazanwill ache. The grand prize of the competition will be the winners of the first two places in the competition as 'cash'. Thus, a total of 81 thousand TL will be awarded in the competition. In order to receive the award, it will be mandatory to be a student as of the registration date.

Students between the ages of 18 and 26 will compete.

Participation in the 'Golden Egg University Fund Basket Competition' will be free of charge. Students between the ages of 18 and 26 who are enrolled in an associate degree or undergraduate degree at a university located in Turkey can participate in the competition. However, there will be a registration requirement to participate in the competition. Registration, which will start on Monday, April 18, 2022, will end on April 30, 2022, Saturday at 23.00. Records; It can be done by downloading the 'My Golden Egg Fund Basket' mobile application on iOS or Android devices. Participants will be able to register with their name, surname, university and department information, date of birth, TR ID number, contact information and university e-mail address. The competition will take place from 9 May to 30 November.

“TEFAS A Powerful Data Source”

Takasbank General Manager and Member of the Board of Directors, Avşar R. Sungurlu, stated that they are happy to present Takasbank's technological infrastructure to university participants as a project stakeholder in the third year of the Golden Egg University Fund Basket competition. Sungurlu stated that “For maximum profit maximization in scenario diversity and competition constraints, it will be beneficial for the competitors to benefit from the TEFAS platform (www.tefas.gov.tr), where they can make detailed fund analysis and comparisons.” Sungurlu stated that the investment habits and financial literacy of our young people should start during the university period and said that the competition will contribute to the development and deepening of the capital markets. Emphasizing that he expects the interest and participation to increase with each passing year, Sungurlu wished success to all the competitors.

“The Goal Is To Help Our Youth Become Right Investors by Increasing Financial Literacy”

Stating that the 'My Golden Egg University Fund Basket' award-winning competition will be held for the third time this year, Turkish Capital Markets Association Chairman of the Board İbrahim Öztop said, “It is very important for a stronger Turkish economy to raise the awareness of our youth, who will guide our country in the future, on financial issues. With this understanding, as the Association, we attach importance to raising awareness and training of investors, especially young investors, in all our activities. "My Golden Egg University Fund Basket" award competition, which has been going on for three years, is an important project we carry out in this field.

Expressing that young people showed great interest in the competition, which has become a tradition, Öztop said, “Our applications for our competition start on April 18, and we expect all our university students to participate in the competition this year as well.” 'My Golden Egg University Fund Basket' contest; Adding to his words that it is carried out in cooperation with Takasbank and Turkish Institutional Investor Managers Association, as well as the Capital Markets Association of Turkey, Öztop stated that young people are directed to long-term investments with the award-winning competition, which includes practical information on how mutual funds and capital markets work in Turkey. Öztop said, “We aim to make our young people good investors with the Golden Egg University Fund Basket competition.”

“Students Will Be Encouraged to Long-Term Investment and Savings by Investing in Mutual Funds”

Mehmet Ali Ersarı, President of the Institutional Investor Managers Association of Turkey, stated that they organized the third annual Golden Egg University Fund Basket competition, which is held every year in order to introduce Mutual Funds and TEFAS to university students, as well as to increase financial literacy, and said: We aim to encourage long-term investment and savings through mutual funds.

Emphasizing that they organized the competition in 3 different scenarios and asset categories this year, thus making the competition more exciting, Ersarı said: "Students will be able to see how their returns differ with their investments in different risk groups, and this will be a guide for directing their investments in the future."

Ersarı said: “As a result, our aim to organize this competition is to encourage university students to establish the risk-return balance between different asset classes with a long-term perspective and to introduce the TEFAS infrastructure to the students, where they can make their investments through mutual funds according to the risk distribution principle.”

Technical infrastructure of the competition; Within the framework of the fund basket rules of the Capital Markets Board; It will be covered by the “Turkish Electronic Fund Trading Platform” (TEFAS) established and operated by Takasbank.

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