COMPETITION IN TURKISH MUTUAL FUNDS

Development of financial markets, playing a role of locomotive at the development of countries is closely related to intermediary institutions operating in financial markets. investment funds, one of the most important financial institutions, perform the transfer of funds of surplus from spending units to deficit spending units. to be able to increase the value of their investments in the markets in which effective competition is prevailing is very crucial to sustain the investments and for the reliability of the market. in this study, the competition among the most preferred types of funds, which are type a, type b and all mutual funds, is measured via herfindahl hirschman index and concentration ratio (cr-4 and cr-5). consequently, it is discovered that the competition among the market of mutual funds is monopolistic competition in structure.