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 – 56.96%
- Fund NAV – N6.96 billion
- Unit holders – 8,011
ARM Aggressive Growth Fund delivered a 56.96% YTD return in October, up from 48.45% in September, reflecting renewed momentum in growth-oriented stocks.
The fund recorded a NAV of N6.96 billion, an offer price of N53.85, and 8,011 unitholders. Accounting for 8.71% of the total equity fund market, the fund maintains a strong focus on high-growth companies with long-term expansion potential.
ARM Investment Managers, the manager of this fund, operates under ARM Group, providing mutual funds, portfolio management, private equity, real estate, and pension management services.
