Nigeria’s mutual fund industry closed 2025 with total net asset value rising to N7.67 trillion, reflecting sustained investor participation and strong returns across fixed income and hybrid portfolios.
Securities and Exchange Commission (SEC) data as of 24th December, computed by Nairametrics Research, shows that 62 mutual fund managers collectively serve over 1.1 million unitholders across 195 fund offerings, with an average Year-to-Date (YTD) yield of 21.84%.
This analysis reviewed a combined Net Asset Value (NV), combined unitholders and average YTD yield across all mutual funds’ segments traded in the market.
While yield measures performance, total Net Asset Value (NAV) highlights scale, investor trust, and market dominance, a key indicator of long-term industry leadership.
What the data is saying
Total NAV across Nigeria’s mutual fund industry reached N7.67 trillion in 2025, underscoring significant asset growth during the year.
The data shows clear concentration at the top, with a handful of managers controlling a substantial share of industry assets.
- A total of 62 managers collectively oversee N7.67 trillion in assets.
- The industry serves more than 1.1 million unitholders across 195 funds.
- Average YTD yield stands at 21.84%, reflecting favorable market conditions.
- The 10 largest managers account for approximately 89.08% of the total NAV.
This combination of asset growth and investor participation signals deepening confidence in professionally managed investment vehicles.
Leading mutual fund managers by total net asset value
Zenith Asset Management delivers strong yield performance relative to its NAV size, indicating efficient capital deployment within a focused product offering.
The fund manager printed a total NAV of N137.92 billion, 15,982 unitholders across 4 fund categories, reflecting an average YTD yield of 29.48%.
- NAV of N129.16 billion and 17.49% yields in money market funds with 6,988 unitholders
- NAV of N1.99 billion and 13.35% yields in fixed income funds with 1,304 unitholders
- NAV of N5.46 billion and 50.44% YTD yields in balanced funds with 6,188 unitholders
- NAV of N1.30 billion and 36.64% YTD yields in ethical funds with 1,502 unitholders
