The latest Securities and Exchange Commission (SEC) data indicates that Nigeria’s equity mutual funds recorded strong year-to-date (YTD) performance as of October 2025, with total assets across the segment reaching N79.94 billion.
Equity mutual funds are among the best-performing collective investment schemes (CIS) in Nigeria, clearly outperforming money market and fixed-income funds amid a sustained rally in the equities market.
Unlike money market funds, which prioritize liquidity and capital preservation, or bond funds that rely on relatively stable interest income, equity mutual funds benefit directly from share price appreciation, earnings recovery, and renewed investor risk appetite.
Equity mutual funds delivered outsized year-to-date returns by capturing strong gains in select consumer stocks, improving corporate fundamentals, combined with increased investors’ participation, strengthened equity fund performance during the period.
Rising Net Asset Values (NAVs) and steady growth in unitholder numbers across leading funds point to sustained investor confidence in equity-focused strategies.
Below are the top 10 best-performing equity mutual funds as of October 2025
- YtD Return – 159.00%
- Fund NAV – N114.53 million
- Unit holders – 72
Halo Equity Fund delivered an exceptional 159.00% YTD return in October, a sharp improvement from 12.40% in September, positioning it as the best-performing equity fund within the review period.
The performance was achieved off a relatively low base, which amplified returns as the fund benefited from strong equity price movements.
The fund closed October with a NAV of N114.53 million, an offer price of N26.29, and 72 unitholders. Despite representing just 0.14% of the total equity fund market, the fund’s performance highlights its high-growth orientation and strong momentum in equity selection.
Halo Asset Management Limited, the operator of the fund, is known for its active, research-driven portfolio strategy.
