Money market mutual funds with highest YTD yields in February 2026

Nigeria’s mutual fund industry keeps expanding as investors look for structured investment vehicles that provide a balance between returns, liquidity, and capital preservation.

Money market funds remain the dominant collective investment scheme, largely because they offer relatively low risk, steady income, liquidity, and easy access to funds when needed.

As of February 2026, there are 45 money market mutual funds in Nigeria that collectively manage N5.29 trillion, accounting for 64.18% of total mutual fund industry assets.

This significant share highlights the continued preference for conservative investment instruments, particularly in an environment where many investors remain cautious about market volatility.

What the data is saying

It is worth noting that beyond asset size, the segment also has one of the broadest investor bases in the industry.

• Data from the Securities and Exchange Commission shows that money market funds collectively serve about 671,714 unitholders, reflecting their role as an entry point for many retail investors into the capital market.
• Despite the enormous size of the segment, the top 10 performing money market funds collectively manage N197.8 billion, representing just 3.74% of the money market category and 2.40% of the entire mutual fund assets.
• This illustrates how assets are widely distributed across the numerous funds operating in the category.

Top 10 performing Money Market Funds by YTD Yield 

Anchoria Money Market Fund – 18.00% 

Rounding out the top ten is the Anchoria Money Market Fund, managed by Anchoria Asset Management Limited, with a YTD yield of 18.00%.

The Anchoria Money Market Fund is a low‑risk, open‑ended collective investment scheme, designed to preserve capital while providing steady, moderate income for both individuals and corporates.

The fund holds N3.54 billion in assets and serves 2,443 unitholders, trades at N100 per unit.

Meristem Money Market Fund – 18.08%

The Meristem Money Market Fund is a low‑risk, open‑ended mutual fund, managed by Meristem Wealth Management Limited, is one of the largest in the category.

It is designed for investors seeking capital preservation, liquidity, and steady short‑term income without taking on the volatility of equity or long‑term bond markets.

With N98.25 billion in assets under management, it serves 7,062 unitholders and delivered a YTD yield of 18.08%. Unit price is N10.

Greenwich Plus Money Market Fund – 18.27%

The Greenwich Plus Money Market Fund, managed by Greenwich Asset Management Limited, designed to provide capital preservation, liquidity, and stable income for retail and institutional investors, delivered an 18.27% YTD yield.

The fund manages N10.68 billion in assets and serves 1,043 investors, with units priced at N100.

Chapel Hill Denham Money Market Fund – 18.32%

The Chapel Hill Denham Money Market Fund is an actively managed, open‑ended mutual fund designed to give investors steady income, high liquidity, and capital preservation. It is one of the flagship retail investment products offered by Chapel Hill Denham Management Limited

The fund recorded an 18.32% YTD return, with fund size of N38.70 billion, serving 12,810 unitholders, and unit price of N100. This makes it one of the larger funds within the top-performing group.

CardinalStone Money Market Fund – 18.36% 

The CardinalStone Money Market Fund, designed to provide capital preservation, liquidity, and a steady stream of income, primarily for low‑risk investors.

The fund managed by CardinalStone Asset Management Limited, posted a YTD yield of 18.36%.

The fund currently manages N19.60 billion in assets and has 1,642 unitholders, with units priced at N1.00.

Trustbanc Money Market Fund – 19.53% 

The Trustbanc Money Market Fund, managed by Trustbanc Asset Management Limited, follows closely with a 19.53% YTD yield.

The fund is designed to provide safety, liquidity, diversification, and competitive returns by investing exclusively in high‑quality short‑term money market.

As of February 2026, it manages N15.72 billion in assets and serves 776 unitholders, with units priced at N1.00.

DLM Money Market Fund – 19.74%

The DLM Money Market Fund, also managed by DLM Asset Management Limited, and designed for investors seeking capital safety, liquidity, diversification, and competitive returns through investment in short‑term, high‑quality money market instruments recorded a 19.74% YTD yield.

The fund holds N816.01 million in assets and serves 83 unitholders, trading at N1,000 per unit.

STL Money Market Fund – 20.26%

Coming in third is the STL Money Market Fund, managed by STL Asset Management Limited, with a 20.26% YTD return.

It is designed to give investors access to a diversified portfolio of high‑quality money market instruments while prioritizing capital preservation, liquidity, and steady income.

The fund manages N9.01 billion in net assets and serves 1,180 investors, with units trading at N100.

Page Money Market Fund – 20.96%

The Page Money Market Fund, managed by Page Asset Management Limited, ranks second with a 20.96% YTD yield.

The fund is designed to preserve capital while generating stable, competitive income for both retail and institutional investors and supervised by a trustee, with assets held by a third‑party custodian to ensure safety and regulatory compliance.

The fund manages N1.40 billion in assets and has 217 unitholders, with units priced at N1.00.

RT Briscoe Savings & Investment Fund – 24.33%

Leading the ranking is the RT Briscoe Savings & Investment Fund, with a 24.33% YTD yield.

It is the first fund in Nigeria designed to let investors save gradually and then convert their savings into equity ownership in R.T. Briscoe Plc.

The fund, managed by DLM Asset Management Limited combines money‑market income with the long‑term option of converting  their investments into shares in the company. This makes it unique in Nigeria’s capital market.

Although relatively small in size, the fund manages N74.04 million in assets and serves 21 unitholders, with units trading at N1,000 per unit on both the bid and offer side.

Its strong yield performance places it at the top of the money market category.

What you should know 

The latest SEC data highlights a few important patterns within Nigeria’s money market fund landscape.

• Returns remain high, with most top-performing funds delivering yields between 18% and 24%. These levels reflect the broader high-interest-rate environment in Nigeria, where treasury bills, commercial papers, and other short-term instruments offer attractive returns trailing the 26.50%.
• Fund size does not necessarily determine performance. Some of the highest yields are coming from relatively small funds, while larger funds such as the Meristem Money Market Fund and Chapel Hill Denham Money Market Fund combine solid returns with substantial asset bases.
• The relatively small share of assets controlled by the top performers—N197.8 billion out of the N5.29 trillion segment—demonstrates how diversified the money market category has become, with assets spread across dozens of funds.

Looking ahead, money market funds are likely to retain their dominant position in Nigeria’s mutual fund industry, particularly if interest rates remain elevated and investors continue to prioritize capital preservation.