Nigeria’s mutual fund industry continues its steady growth as investors seek structured investment options that balance returns, liquidity, and capital preservation. Among these, money market mutual funds remain the most popular, offering a low-risk, easily accessible way to earn steady income.
As of February 2026, Nigeria hosts 45 money market funds managing a combined N5.29 trillion, representing 64.18% of total mutual fund industry assets. This dominance underscores investors’ preference for conservative instruments, especially amid market volatility that makes higher-risk investments less appealing.
Beyond asset size, money market funds boast one of the broadest investor bases in Nigeria. Securities and Exchange Commission data reveals that these funds serve approximately 671,714 unitholders, making them a key entry point for retail investors venturing into the capital market.
Despite the large overall size of the segment, the top 10 performing money market funds manage just N197.8 billion—only 3.74% of the category and 2.40% of total mutual fund assets. This highlights how investments are widely spread across numerous funds, offering diverse opportunities for investors seeking different levels of risk and return.
Rounding out the top ten is the Anchoria Money Market Fund, managed by Anchoria Asset Management Limited. The fund posts an impressive 18.00% YTD yield while maintaining low-risk, open-ended investment features. With N3.54 billion in assets, 2,443 unitholders, and a unit price of N100, the fund is designed to preserve capital while delivering steady income for both individual and corporate investors.
source: nairametrics