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 – 89.42%
- Fund NAV – N2.79 billion
- Unit holders – 2,291
Guaranty Trust Equity Income Fund returned a robust 89.42% YTD in October, up from 78.32% in September, reflecting sustained earnings momentum.
The fund’s NAV increased to N2.79 billion, supported by 2,291 unitholders, while its offer price stood at N3.99. Accounting for 3.49% of the total equity fund market, the fund continues to balance growth with income stability through exposure to resilient, dividend-paying equities.
Guaranty Trust Fund Managers, the operator of the fund, is a subsidiary of Guaranty Trust Holding Company plc (GTCO), and it offers asset management services across multiple African markets.
