Nigeria’s money market mutual funds (MMMFs) continue to prove their relevance as a safe and profitable investment option in an economy characterized by high interest rates, inflationary pressures, and exchange rate volatility.

As of the week ended August 8, 2025, the total net asset value (NAV) of the industry rose to N3.59 trillion, from N3.52 trillion recorded a week earlier, across 41 licensed fund managers.

This steady growth underlines investors’ increasing appetite for liquidity and capital preservation.

Among the players, five funds stand out for their competitive yields (YTD), offering investors the potential to generate up to N5 million annually with the right capital commitment.

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Top 5 Money Market Mutual Fund Managers by yield – August 8, 2025 

ARM Money Market Fund

  • Yield (YTD): 20.89%
  • NAV: N247.22 billion
  • Unitholders: 73,084
  • Earning potential: N23.9 million required to earn N5 million annually

ARM’s money market fund is the largest among the top five, commanding a massive N247.22 billion NAV and the widest investor base at over 73,000 unitholders. While its YTD yield of 20.89% lags slightly behind peers, its dominance reflects investor confidence in its stability and conservative approach.

The fund is also popular among retail investors because of its low entry threshold of N1,000 and quarterly interest payments—making it attractive for salary earners and retirees seeking steady income.

Zedcrest Money Market Fund

  • Yield (YTD): 21.62%
  • NAV: N6.43 billion
  • Unitholders: 4,111
  • Earning potential: N23.1 million required to earn N5 million annually

Zedcrest maintains its strong performance with a YTD yield of 21.62%, supported by disciplined allocation across naira-denominated debt instruments and commercial papers. With over 4,000 unitholders, the fund strikes a balance between scale and attractive returns.

Its N1,000 minimum entry point makes it accessible to retail investors, while institutional clients also take advantage of its stable performance.

Meristem Money Market Fund

  • Yield (YTD): 22.09%
  • NAV: N50.67 billion
  • Unitholders: 6,023
  • Earning potential: N22.65 million required to earn N5 million annually

Meristem continues to rank among the highest-yielding funds, offering a YTD return of 22.09%. Despite managing assets of over N50 billion, the fund has consistently delivered strong returns through investments in Treasury Bills and high-grade bank placements.

Its performance shows that scale does not necessarily dilute yield, making it a dependable choice for investors targeting high passive income.

Page Money Market Fund

  • Yield (YTD): 22.14%
  • NAV: N938.9 million
  • Unitholders: 126
  • Earning potential: An investment of N22.6 million could generate N5 million annually.

Page Asset Management recorded one of the sharpest week-on-week jumps, with yield climbing from 20.82% to 22.14%. Despite managing under N1 billion in NAV, the fund has carved a niche for investors seeking aggressive returns with controlled risk.

Its relatively small investor base of 126 unitholders allows for nimble allocation, positioning it as an attractive option for high-net-worth individuals.

DLM Money Market Fund

  • Yield (YTD): 22.20%
  • NAV: N65.82 million
  • Unitholders: 23
  • Earning potential: N22.5 million required to earn N5 million annually

At the top of the table is DLM Asset Management, delivering a 22.20% YTD yield, up from 18.90% just a week earlier. Despite its relatively modest NAV of N65.82 million and only 23 unitholders, DLM has demonstrated efficiency in managing capital and optimizing returns.

The fund invests heavily in government securities, complemented by bank placements and commercial papers, with a small cash buffer for liquidity. This conservative yet high-yielding structure makes it one of the most compelling options for investors seeking stable and outsized returns.

What you should know 

Money market funds in Nigeria are evolving beyond conservative savings vehicles into strategic wealth management tools. In 2025, investors can leverage these top performers to beat inflation, manage liquidity, and earn consistent double-digit returns. With disciplined capital deployment, achieving an annual passive income of N5 million is no longer out of reach.