Best performing mutual funds in Nigeria for the week (2022)

Nigerian mutual funds performed positively in the previous week with an average rate of returns of 0.82% as the industry market capitalization appreciated by N3.53 billion in just four days of trading activities.

This is according to analysis by Nairalytics, the research arm of Nairametrics based on data from the Securities and Exchange Commission (SEC).

According to the analysis, Stanbic IBTC equity-based fund, SFS real estate investment and Futureview equity funds topped the chart of best performing mutual funds between 8th – 14th April 2022. Also, the Net Asset Value of the 124 listed funds on SEC increased by N3.53 billion in the review period.

The bonds/fixed income fund recorded the highest gain in asset value with an appreciation of N1.65 billion, followed by the Eurobond fund category with a gain of N537.14 million, while the real estate investment fund recorded a N112.2 million decline in subscription.

Big NAV gainers

In terms of Net Asset Value, FBN bond fund gained N1.24 billion in the review week, representing the highest NAV gainer, which was followed by Zenith Money Market Fund having recorded as N927.38 million appreciation in its Net Asset Value.

Similarly, Abacus Money Market Fund, managed by Investment One Funds Management gained N888.26 million in the review week, United Capital Eurobond fund recorded a N651.13 million, while Stanbic IBTC Dollar Fund completed the list with N584.9 million gain.

On the flip side, United Capital Money Market fund dipped by N2.03 billion, Stanbic IBTC Money Market fund recorded a decline of N583.37 million, while Stanbic IBTC Bond fund dipped N373.57 million in Net Asset Value.

Best performers:

Paramount Equity Fund – Chapel Hill Denham (Equity-based funds)

The Paramount Equity Fund is one of Nigeria’s oldest mutual funds managed by Chapel Hill Denham Management Limited. The fund which invests in a broad range of high-quality equities and fixed income securities.

According to the information on the company website, the Fund’s objective is to provide an investment vehicle that will enable unitholders achieve consistent capital appreciation and some income over the long term.

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8th April 2022

Fund Price – N18.09

14th April 2022

Fund Price – N18.75

Return – 3.65%

Ranking – Fifth

PACAM Balanced Fund – PAC Asset Management Limited (Balanced Funds)

The PACAM balanced fund gained 3.68% in the week under review. The fund according to PAC Asset Management invests in a combination of equities and fixed income instruments giving the customers a chance to maximize the benefits across these asset classes.

The Fund allocation model emphasizes diversification and stability of investment using fixed income asset class to balance out the volatility of equity investments whilst maximizing the benefits of both asset classes.

8th April 2022

Fund Price – N1.61

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14th April 2022

Fund Price – N1.67

Return – 3.68%

Ranking – Fourth

Futureview Equity Fund – Futureview Asset Management (Balanced Funds)

The Futureview equity fund recorded a 3.97% gain in the week under review to trade at N98.5 as of 14th of April 2022, while the net asset value gained 3.95% to stand at N24.58 million, representing a N934,542 appreciation in four days.

The fund stands third on the list of best performing mutual funds in the period under review.

8th April 2022

Fund Price – N94.74

14th April 2022

Fund Price – N98.5

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Return – 3.97%

Ranking – Third

SFS Real Estate Investment Trust Fund – SFS Capital Nigeria (Real Estate)

SFS Real Estate Investment Trust is a close-ended Real Estate Investment Trust Scheme in Nigeria which pools funds for the primary purpose of investing in income-generating real estate.

This includes residential homes, residential apartments, office blocks, shopping malls and warehouses. The Fund managers are dedicated to developing and/or acquiring high-quality stock of properties in select locations in Nigeria.

8th April 2022

Fund Price – N70

14th April 2022

Fund Price – N77

Return – 10%

Ranking – Second

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Stanbic IBTC Aggressive Fund – Stanbic IBTC (Equity-based funds)

Stanbic IBTC Aggressive Fund (SIAF) was launched in June 2012, which invest a minimum of 60% of its portfolio in equities of companies quoted on the Nigerian Exchange Group (NGX) and maximum 40% in fixed income securities.

8th April 2022

Fund Price – N2,462.8

14th April 2022

Fund Price – N3,120

Return – 26.69%

Ranking – First

FAQs

Which mutual fund is best now a days? ›

EQUITY HYBRID DEBT OTHERS Filter
Scheme NamePlan6M
ICICI Prudential Bluechip Fund - Direct Plan - GrowthDirect Plan-7.54%
IDBI India Top 100 Equity Fund - Direct Plan - GrowthDirect Plan-9.08%
Mahindra Manulife Large Cap Pragati Yojana - Direct Plan - GrowthDirect Plan-8.52%
Mid Cap Fund
30 more rows

Which is the best mutual fund to invest in Nigeria? ›

10 Best Performing Mutual Funds in Nigeria
  • Stanbic IBTC Aggressive Fund.
  • Stanbic IBTC Nigerian Equity Fund.
  • Vetiva's New Gold ETF.
  • FBNQuest Nigeria Smart Beta Equity Fund.
  • Vantage Balanced Fund.
  • Vantage Dollar Fund.
  • Legacy USD Bond Fund.
  • VI ETF.

Which mutual fund gives best returns? ›

Here's the list of the five best mutual funds for SIP:
Fund Name3-year Return (%)*
SBI Focused Equity Fund Direct Plan-Growth14.19%Invest
PGIM India Flexi Cap Fund Direct-Growth20.57%Invest
Quant Focused Fund Direct-Growth18.31%Invest
Canara Robeco Bluechip Equity Fund Direct-Growth15.53%Invest
3 more rows

Which mutual fund performed best in 2021? ›

India's best performing mutual funds for December 2021
Name of Fund1-Year Return5-Year Return
ICICI Pru Credit Risk Fund (G)6.233%7.773%
HDFC Credit Risk Fund (G)6.976%7.676%
Baroda Credit Risk Fund (G)19.239%7.442%
Data Source: Morningstar

Which fund gives highest return? ›

List of Equity Mutual Funds in India
Fund NameCategory1Y Returns
Axis Growth Opportunities FundEquity9.4%
BOI AXA Tax Advantage FundEquity6.6%
Axis Midcap FundEquity10.0%
Invesco India Infrastructure FundEquity17.4%
12 more rows

What is the fastest growing mutual fund? ›

PPFAS MF is the fastest growing major mutual fund house in India. Among the top 30 AMCs, PPFAS registered the highest AUM growth at 178% in FY 2021. Its AUM went up from Rs 3,138 crore to Rs 8,720 crore during the financial year.

Can you get rich with mutual funds? ›

It's definitely possible to become rich by investing in mutual funds. Because of compound interest, your investment will likely grow in value over time. Use our investment calculator to see how much your investment could be worth as time goes on.

Which bank gives highest interest on mutual funds? ›

Short Term Mutual Funds with up to 8-10% returns
Fund NameReturn % (1 year)
HDFC Corporate Bond Fund7.09
Aditya Birla Sun Life Corporate Bond Fund7.55
ICICI Prudential Banking and PSU Debt Fund – Growth6.16
ICICI Prudential Short Term – Growth Option6.37
1 more row

Which bank offers best mutual funds? ›

Top 10 Mutual Funds in India 2020
  • ICICI Prudential Focused Bluechip Equity Fund.
  • Aditya Birla Sun Life Small & Midcap Fund.
  • Tata Equity PE Fund.
  • HDFC Monthly Income Plan – MTP.
  • L&T Tax Advantage Fund.
  • SBI Nifty Index Fund.
  • Kotak Corporate Bond Fund.
  • Canara Robeco Gilt PGS.

Which is the best mutual fund to invest lump sum? ›

What Are the Best Mutual Funds for Lumpsum Investment?
Fund NameFund Category5 Year Returns
Quant Tax PlanELSS23.92%
PGIM India Flexicap FundFlexi-cap Funds20.62%
Mirae Asset Emerging Bluechip FundLarge and Midcap Funds21.74%
PGIM India Midcap Opportunities FundMidcap Funds21.42%

Which mutual fund is best in last 5 years? ›

Equity Funds
  • Tata Digital India Fund Direct- Growth.
  • ICICI Prudential Technology Direct Plan- Growth.
  • Aditya Birla Sun Life Digital India Fund Direct- Growth.
  • SBI Technology Opportunities Fund Direct- Growth.
  • Quant Active Fund Direct- Growth.
  • IDFC Government Securities Fund Constant Maturity Direct- Growth.
May 24, 2022

Can I invest in mutual fund for 1 day? ›

An overnight fund is a suitable option for those investors who want to invest their money in a fund but only for a short time. Since these funds do not get affected by the changes in interest rates and other defaults in securities, it is a safe debt Mutual Funds to invest in.

Which mutual fund is best for short term? ›

Mutual fund5 Yr. Returns
ICICI Prudential Short Term Fund - Direct Plan - Growth7.59%Invest Now
UTI Banking & PSU Debt Fund - Direct Plan - Growth5.59%Invest Now
Aditya Birla Sun Life Short Term Fund - Direct Plan - Growth7.56%Invest Now
IDBI Short Term Bond Growth6.81%Invest Now
6 more rows

Which mutual fund app is best? ›

Best Apps To Invest In Mutual Funds
  1. Coin by Zerodha. Zerodha is a well-known investment platform and probably the simplest app that can easily let you invest in mutual funds. ...
  2. Groww. Groww is another app that you can use for investment purposes. ...
  3. Paytm Money Mutual Funds App. ...
  4. Kuvera. ...
  5. ETMoney.
Apr 28, 2022

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