Nurol Portföy

What Nurol Portföy does

Nurol Portföy Yönetimi A.Ş. is a Capital Markets Board (SPK)-licensed portfolio management company headquartered in Istanbul, Turkey, and a wholly-owned subsidiary of Nurol Yatırım Bankası A.Ş., the investment banking arm of the Nurol Group. Established in 2021, the firm manages over 60 investment funds across a broad range of asset classes — Turkish Lira and foreign currency money market funds, short-term free funds, debt instruments, equity-heavy sector funds (notably real estate), gold participation funds, statistical arbitrage equity funds, exchange-traded funds (including a BIST TLREF Index ETF), real estate investment funds (GYF), project-based real estate funds, and venture capital investment funds (GSYF). It also offers individual portfolio management, investment advisory, and custom private fund creation for qualified investors. Beyond fund products, the firm provides establishment and management services for institutional clients seeking tailored investment vehicles.

The underlying operating model is a fee-based asset management business: revenue is generated primarily through annual management fees (typically 0.7%–2.75% of AUM, depending on fund type) charged daily against fund NAV, with no transaction commissions borne by investors. Distribution is exclusively indirect — funds are accessible through TEFAS (Turkey's mandatory electronic fund trading platform), all Turkish bank branches, and brokerage firms via their internet and mobile channels, supplemented by the company's own website for information and documentation. The firm is governed by a board chaired by Gürhan Çarmıklı with Ercan Güner serving as General Manager and Board Member, supported by a Deputy General Manager (Murat İman) and a team of six portfolio managers and three assistant portfolio managers. Service is segmented across retail individual investors, institutional investors, and qualified investors, with over 40,000 investors and approximately ₺22.8 billion in total AUM across the fund suite.

Name

Nurol Portföy

Legal name

Nurol Portföy Yönetimi A.Ş.

Website

https://nurolportfoy.com.tr

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Nurol Portföy Yönetimi A.Ş. is an SPK-licensed Istanbul-based portfolio management company, wholly owned by Nurol Yatırım Bankası, managing over 60 investment funds across money market, equity, bond, gold, real estate, venture capital, and ETF categories for more than 40,000 retail, institutional, and qualified investors.

Ownership category

akta.pro rank

Product category

Investment Portfolio Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

akta.pro secondary industries

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Money Market Funds (FSAAAEAC), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Portfolio management services
• Investment fund management
• Asset management
• Investment advisory
• Wealth management

Headquarters

HQ city

İstanbul

HQ country

Türkiye

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Portfolio Management Fees: Nurol Portföy generates revenue through management fees charged on investment funds. These fees are calculated daily as a percentage of the fund's total value, accrued as expenses, and reflected in the share price. Fee rates vary by fund type: money market funds at approximately 0.7%, free currency funds at approximately 0.75%, stock-intensive funds at 2.75%, bond funds at 1.85%.
2. Individual Portfolio Management Services: Professional and personalized portfolio management services offered to individual and institutional investors based on their financial goals, risk profiles, and market expectations.
3. Investment Fund Establishment and Management: Design and management of various investment fund types including securities investment funds, real estate investment funds, venture capital funds, project-based real estate funds, and special funds for qualified investors.
4. Investment Advisory Services: Strategic and sustainable investment solutions tailored to investor goals and market conditions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Nurol Portföy Yönetimi A.Ş. is a Capital Markets Board (SPK) licensed portfolio management company that establishes and manages a diversified range of investment funds — including securities investment funds, real estate investment funds, project real estate investment funds, venture capital investment funds, and exchange-traded funds — and provides individual portfolio management and investment advisory services to retail, institutional, and qualified investors in Turkey. Funds are distributed via TEFAS, partner banks, and brokerage firms, with revenue generated through ongoing management fees charged as a percentage of fund assets.

Product overview

Nurol Portföy is a portfolio management company offering a comprehensive suite of investment products and services. The core offering is a diverse portfolio of investment funds managed professionally according to investor risk profiles and market conditions. Fund types include Securities Investment Funds (money market, bond/debt instruments, stock/equity, gold/precious metals, participation/sharia-compliant, arbitrage, free/unconstrained, variable, fund basket, and exchange-traded funds), Real Estate Investment Funds (REIFs), Project Real Estate Investment Funds, Venture Capital Investment Funds (VCIFs), and Borsa Yatırım Fonları (exchange-traded funds). The company provides related services including fund establishment and management, individual portfolio management, investment advisory, private fund creation, and real estate fund management. All funds are tradable through TEFAS (Turkey Electronic Fund Sale Platform), banks, and brokerage firms.

Differentiator

Problem solved

Functional benefit

Products and services

• Nurol Portföy Para Piyasası (TL) Fonu (PPN) Money market fund denominated in Turkish Lira targeting above-deposit stable returns with same-day (T+0) buy-sell capability, providing liquidity for cash management needs of individual and institutional investors.
• Nurol Portföy Kısa Vadeli Serbest Fon (NLK) Short-term free fund with no bond-holding requirement, offering above-deposit stable returns and same-day liquidity as a money market alternative for retail and institutional investors.
• Nurol Portföy Üçüncü Serbest (Döviz) Fon (NCS) USD-denominated free fund targeting above-deposit stable returns with same-day exit and a 17.5% withholding tax advantage on currency gains for retail and qualified investors seeking FX exposure.
• Nurol Portföy Beşinci Serbest (Döviz) Fon (NUB) EUR-denominated free fund targeting above-deposit stable returns with same-day exit capability and a 17.5% withholding tax advantage on currency gains for investors seeking EUR-denominated exposure.
• Nurol Portföy Altın Katılım Fonu (NJF) Gold participation fund providing easy and secure investment in gold and interest-free gold products with daily single pricing, no buy-sell spread, and no limits, for sharia-compliant investors.
• Nurol Portföy Para Piyasası Katılım Fonu (NSP) Participation (sharia-compliant) money market fund offering interest-free stable returns above participation accounts, with daily valuation and same-day trading capability.
• Nurol Portföy Emlak Sektörü Hisse Senedi Yoğun Fon (NLE) Real estate sector equity-heavy fund providing exposure to leading Turkish real estate companies (land, residential, mall, and office projects), with a 0% withholding tax advantage for investors.
• Nurol Portföy Birinci Borçlanma Araçları Fonu (NJR) Debt instruments fund targeting above-deposit returns with one-day value date (T+1) liquidity advantage, primarily investing in finance bills for high return potential.
• Nurol Portföy İstatistiksel Arbitraj Hisse Senedi Serbest Fon (NSH) Statistical arbitrage equity free fund targeting above-deposit returns with a 0% withholding tax advantage, designed to efficiently capitalize on market opportunities through quantitative equity strategies.
• Gayrimenkul Yatırım Fonları (GYF) Real estate investment funds that invest pooled investor capital primarily in real estate assets, offering diversification, liquidity, and tax advantages to qualified investors.
• Proje Gayrimenkul Yatırım Fonları Project-based real estate investment funds creating strategic and sustainable return opportunities through targeted property development projects for qualified investors.
• Girişim Sermayesi Yatırım Fonları (GSYF) Venture capital investment funds providing long-term capital to high-potential ventures for sustainable value creation, available to qualified investors.
• Borsa Yatırım Fonları (BYF) Exchange-traded funds such as the BIST TLREF Index Fund, offering index-based investment exposure through exchange-listed fund vehicles.
• Menkul Kıymet Yatırım Fonları Kuruluş ve Yönetimi Professional establishment and management of securities investment funds, designing funds according to investor expectations, risk profiles, and market dynamics for institutional and qualified investors.
• Bireysel Portföy Yönetimi Professional and personalized portfolio management tailored to individual financial goals, risk profile, and market expectations for individual investors.
• Nurol Portföy Yatırım Danışmanlığı Strategic and sustainable investment advisory solutions aligned with investor objectives and prevailing market conditions.
• Özel Fon Kuruluşu ve Yönetimi Custom private fund creation and management for qualified investors, structured around their risk, return, and maturity expectations.
• Gayrimenkul Yatırım Fonları Kuruluş ve Yönetimi Real estate investment fund establishment and management services offering diversification, liquidity, and tax advantages for qualified investors.
• Proje Gayrimenkul Yatırım Fonları Kuruluş ve Yönetimi Project-based real estate investment fund services creating strategic return opportunities through structured property development vehicles.

Quantifiable outcome

• 48.84% one-year return on PPN Money Market Fund (TL)
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Scale indicators5 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Ak Portföy Yönetimi: Akbank's portfolio management subsidiary, one of the leading Turkish asset managers offering securities, real estate, and venture capital funds. Comparable in scale and product mix, distributed through Akbank and TEFAS.
• TEB Portföy Yönetimi: Portfolio management subsidiary of TEB (BNP Paribas group). Manages diversified investment funds distributed via TEFAS and TEB's retail network. Closely comparable bank-affiliated asset manager with international parentage.
• Yapı Kredi Portföy Yönetimi: Portfolio management company of Yapı Kredi Bank, managing investment funds across money market, equity, bond, and participation categories. Directly comparable in distribution via TEFAS and Yapı Kredi's banking channels.
• Deniz Portföy Yönetimi: Portfolio management subsidiary of DenizBank (part of Emirates NBD group). Manages securities and money market funds distributed via TEFAS. Directly comparable bank-affiliated asset manager in Turkey.
• İş Portföy Yönetimi: Portfolio management subsidiary of Türkiye İş Bankası, one of the largest Turkish banks. Offers similar diversified investment fund lineup distributed through TEFAS and İş Bank channels. Most direct comparable in business model, scale, and product breadth within Turkey.
• İstanbul Portföy Yönetimi: Independent Turkish portfolio management company offering securities, money market, and alternative investment funds. Comparable in product mix though distributed through bank intermediaries rather than bank ownership.
• Garanti Portföy Yönetimi: Portfolio management arm of Garanti BBVA, providing securities, money market, equity, and participation funds distributed via TEFAS and Garanti BBVA's extensive branch network. Closely comparable in product taxonomy and bank-subsidiary structure.
• QNB Finans Portföy Yönetimi: Portfolio management subsidiary of QNB Finansbank (Qatar National Bank group). Offers securities, money market, and equity funds distributed through TEFAS and bank channels. Comparable in business model and product range.
• HSBC Portföy Yönetimi: HSBC's Turkish portfolio management entity offering securities and money market funds. Comparable as an internationally-affiliated asset manager operating under SPK oversight with similar product taxonomy.

Broad incumbents

• BlackRock: Global asset management leader offering index, active, and alternative funds across all asset classes. Comparable at the category level as a portfolio management company, though operates at vastly greater scale and with global distribution rather than Turkey-specific focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/NurolPortfoy
• YouTubeyoutube.com/@nurolportfoy
• Facebookfacebook.com/NurolPortfoy
• LinkedInlinkedin.com/company/nurolportfoy
• Instagraminstagram.com/nurolportfoy

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nurol Portföy