The top 10 best-performing mutual funds in Nigeria all returned over 30 percent to investors in the first six-weeks of 2026, according to the most recent data obtained from Weekly Net Asset Value Data of the Securities and Exchange Commission (SEC) Nigeria.
At over 30 percent return, investors are guaranteed positive real returns on their investments, as the current inflation rate reads lower at 15.10 percent as of January 2026.
The top-performing mutual funds are made up of seven balanced funds, two equity mutual funds, and a fixed income fund, all of which are heavily invested in the Nigerian Exchange Market (NGX) according to SEC data as of February 13.
As of February 13, the NGX delivered a strong performance, advancing by +17.16 percent. It has gone on to do 23.98 percent as of today. Analysts project that the stock market will perform even better this year, with a bull case of over 40 percent returns.
The top four funds on our list have achieved what analysts are calling delivering over 100 percent returns to their unit holders this year.
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ARM Halal Balanced Fund (127.42%)
Taking the crown, this Shari’ah-compliant fund managed by ARM Investment Managers Limited proves that ethical investing is no longer a niche strategy but a powerhouse for capital appreciation. It’s invested in accordance with core Islamic values & beliefs.
Investment in the Fund provides investors with access to the Nigerian Government, other Sovereign or corporate entities within IOSCO ordinary member countries
ARM Aggressive Growth Fund (125.37%)
Closely trailing is ARM’s growth-focused vehicle. Its exposure to high-alpha equities has yielded massive dividends for investors with a high risk appetite.
The ARM Aggressive Growth Fund is open-ended witha permissible investment limit of 70-100 percent in stocks of companies quoted on the Nigerian Stock Exchange. It has a minimal initial investment of N50,000.
Capital Express Balanced Fund (124.02%)
Managed by Capital Express Asset and Trust Limited, this fund has successfully navigated the 2026 market volatility by maintaining a razor-sharp balance between equity upside and fixed-income security.
The portfolio maintains a flexible distribution by investing between 20 percent and 60 percent in fixed-income securities, an additional 20 percent to 60 percent in money market instruments, and a significant 40 percent to 60 percent stake in quoted securities, which includes real estate notes.
Coral Balanced Fund (112.06%)
A staple of FSDH Asset Management Ltd, the Coral Balanced Fund has a 112 percent mark through disciplined asset allocation.
This is an actively managed, open-ended unit trust scheme that invests a maximum of 65 percent in equities quoted on any Nigerian stock exchange and the balance in fixed-income securities. Minimum investment of N5,000 and subsequent investment of N5,000 thereafter
Lead Balanced Fund (93.43%)
Lead Asset Management Limited’s flagship balanced play fell just short of the triple-digit club but remains a top-tier choice for diversified growth.
The fund allocates between 40 percent and 60 percent of its portfolio to equities, up to 60% to money market instruments, and at least 20 percent to fixed income instruments, ensuring a balanced and diversified investment approach
ARM Discovery Balanced Fund (79.29%)
Marking ARM’s third appearance in the top 10, the Discovery fund remains the go-to for retail investors looking for stable, market-leading returns.
The fund is invested in a diversified portfolio comprising equities listed on the Nigerian Stock Exchange and domestic fixed income securities.
Read also: Why equity-based funds will continue to dominate top 10 mutual funds in 2025
Futureview Equity Fund (74.23%)
Futureview Asset Management Limited has capitalized on the 2026 stock market rally, delivering a robust 74% return for equity enthusiasts.
The Fund is aimed at investors with high risk appetite seeking income and strong potential for capital growth through an array of stocks. It is also targeted at investors who wish to reduce concentration risk and benefit from diversification and professional management.
Coronation Balanced Fund (64.01%)
Managed by Coronation Asset Management, this fund provided a steady hand in a fluctuating market, yielding over 64 percent.
The Coronation Balanced Fund is a mutual fund that acts as a portfolio of stocks and bonds. The aim is to provide a balanced return of capital and income over the long term by investing across a broad range of traditional and non-traditional asset classes and securities.
Even in the lower half of the top 10, the returns remain highly competitive compared to traditional fixed-deposit accounts.
Trustbanc Fixed Income Fund (38.72%)
Managed by Trustbanc Asset Management Limited, this fund led the way for those seeking lower volatility, returning an impressive 38.72 percent in a high-interest-rate environment.
The Fund primarily invests in a diversified portfolio of high-rated fixed income securities, including FGN bonds, corporate bonds, money market instruments (Treasury bills and commercial paper), exchange-traded funds (ETFs), Real estate investment trust and other Collective Investment Schemes.
Targeted at moderately conservative investors, TFIF aims to deliver steady income and long-term capital appreciation, with returns benchmarked against the three-year FGN Bond yield.
Frontier Fund (36.25%)
Rounding out the top 10, SCM Capital Limited’s Frontier Fund provided investors with a solid 36.25 percent return.
