Nigeria's equity mutual funds rebound to N241.38B NAV as unitholders jump 7.67%

Nigeria's equity mutual fund segment recovered to a net asset value of N241.38 billion by July 31, 2026—a 2.78% increase from June's N234.86 billion—as the category added the Coronation Equity Fund to reach 21 total funds. Unitholder count rose to 121,316 (up 7.67% from 112,674), signaling growing investor confidence despite the segment's modest 2.57% share of total mutual fund assets.

The top 10 performing funds delivered year-to-date returns ranging from 47.21% to 88.58%, led by Zedcrest Equity Fund at 88.58%. An investor who placed N5 million in Zedcrest at the start of the year would now have approximately N9.43 million. Collectively, these top funds manage N88.93 billion—over a third of the equity segment's total NAV.

While still significantly smaller than the money market segment, the steady recovery in NAV alongside rising participation suggests equity funds remain attractive for long-term capital growth. With returns moderating from earlier highs but still substantial, does this trend warrant increasing equity exposure for your portfolio, or should you wait for clearer market stabilization before allocating more to this vehicle?

SOURCE: https://nairametrics.com/2026/08/24/best-performing-equity-mutual-funds-in-nigeria-as-of-july-2026/