Nigeria’s money market fund segment expanded to a net asset value (NAV) of N5.68 trillion as of April 24, 2026, up from N5.45 trillion recorded in March.
- +Best performing money market funds in Nigeria as of April 2026
- +Top 10 performing money market funds by YTD yield
Data compiled by the Nairametrics Research team from the Securities and Exchange Commission (SEC) showed that the segment now comprises 47 funds, accounting for 64.83% of Nigeria’s total mutual fund assets.
Data compiled by the Nairametrics Research team from the Securities and Exchange Commission (SEC) showed that the segment now comprises 47 funds, accounting for 64.83% of Nigeria’s total mutual fund assets.
The market continues to be driven by strong investor preference for stability, as capital flows steadily into low-risk instruments offering capital preservation and consistent returns.
Money market funds, which invest in high-quality short-term securities, have remained attractive to both retail and institutional investors seeking liquidity alongside competitive yields.
Investor interest in the asset class has strengthened further amid persistently elevated yields in the fixed-income market, reflecting a broader portfolio strategy focused on maintaining liquidity while taking advantage of attractive short-term returns.
The segment also welcomed a new entrant in April, the Myrtle Mynest Money Market Fund managed by Myrtle Asset Management Limited, bringing the total number of registered money market funds in Nigeria to 47.
Beyond their asset size, money market funds continue to attract a broad investor base across retail and institutional segments.
Top 10 performing money market funds by YTD yield
Rounding out the top ten is the SCM Capital Money Market Fund, managed by SCM Capital Limited, with a YTD yield of 17.72%.
The fund, launched in 2025, is owned by SCM Capital Asset Limited, led by Group Managing Director and CEO Gaventa Otono. It manages N2.14 billion in assets and serves 345 unitholders, with units priced at N1.00.
