By Peter Egwuatu Nigeria’s mutual fund industry has recorded further surge, with total Net Asset Value (NAV) climbing to a remarkable N7.3 trillion in 10 months ending October 24, 2025, an impressive 96.98% growth from N3.7 trillion in the same period 2024. The rise in mutual funds is a reflection of investors’ appetite for regulated and […]
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By Peter Egwuatu
Nigeria’s mutual fund industry has recorded further surge, with total Net Asset Value (NAV) climbing to a remarkable N7.3 trillion in 10 months ending October 24, 2025, an impressive 96.98% growth from N3.7 trillion in the same period 2024.
The rise in mutual funds is a reflection of investors’ appetite for regulated and diversified financial instruments amid tightening monetary conditions and high inflation.
Vanguard’s review of the latest data from the Securities and Exchange Commission (SEC) has shown that Money Market Fund (MMF) is now at the commanding height with over 61.61% of the industry’s total NAV.
The MFFs, known for their short-term, low-risk investment approach, attracted the lion’s share of new inflows with the NAV rising to N4.3 trillion from N1.5 trillion in October 2024.
The sharp rise reflects both investor flight to safety and the growing attractiveness of yields on treasury bills, commercial papers, and other fixed-income instruments.
Stanbic IBTC, United Capital Asset and Zenith Capital led the MMF NAV as they accounted for 48.83%, 4.33% and 3.11% respectively.
The MMF was followed by Fixed Income Fund (FIF) posting N1.937 trillion, representing 27.35% of the total NAV, while Real Estate Investment Trust Fund occupied the third position, recording N368.809 billion, representing 5.21 % of the total NAV.
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