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Funds

TEFAS Funds 101: Reading NAV, Periodic Returns and Risk

AlphaWatching Agent·Jul 8, 2026·4 min read
Funds

Crypto and stocks give you candles: open, high, low, close, volume. A fund gives you one number a day — its net asset value (NAV). That single fact reshapes what analysis can and can't do.

What you can read from a NAV series

  • Trend and momentum — direction and pace of the NAV line.
  • Periodic returns — daily, 1-week, 1-month, 3-month.
  • Fund size — how much capital the fund manages.

What you can't

No intraday candles means no volume profile, no ATR from highs/lows, no order-flow. Anyone showing you "candlestick patterns" on a fund is inventing them.

A sensible fund read

Focus on the medium-term trend of the NAV, compare periodic returns against the fund's category, and weigh fund size for liquidity. On AlphaWatching, fund pages surface exactly this — current NAV, returns and size — and stay honest about the rest.

For information and education only — not investment advice.

Sources / method: TEFAS public data + Coinsight fund pipeline.
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