…Halo Equity, Alpha Morgan, others return over 50%
The top 10 best-performing mutual funds in Nigeria all returned over 30 percent to investors in the first half (H1) of 2025, 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 22.9 percent as of May 2025.
The top-performing mutual funds are made up of four equity mutual funds, four balanced funds, and two Sharia-compliant funds – all of which are heavily invested in the Nigerian Exchange Market (NGX).
In the H1 of 2025, the NGX delivered a strong performance, advancing by 16.57 percent. Analysts project that the stock market will perform even better in the second half (H1) of the year, with over 30 percent returns.
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The projections are supported by faster execution of banking sector recapitalisation.
Analysts also base their projections on successful big-ticket listings, foreign exchange (FX) stability, Q3/Q4 earnings’ expectations in banking, cement, and telecom sectors, and likely CBN rate cuts by the third quarter (Q3) of 2025.
Despite these, there are 10 best-performing mutual funds, according to data obtained from the SEC.
All the mutual funds mentioned below can be purchased with a minimum of N10,000.
Halo Equity Fund – 90%
Halo Equity Fund is managed by Halo Asset Management Limited. It had a 90 percent yield in the H1 of 2025. It pools together investors’ funds to achieve capital appreciation and income generation on its assets. It aims to achieve its objectives through high-risk investments in equities in various sectors of the Nigerian capital market and optimises returns on investment in short-dated money market assets with a long-term investment horizon.
Alpha Morgan Balanced Fund- 67.84%
Alpha Morgan Capital Managers Limited delivered an impressive H1 2025 yield of 67.84 percent.
It invests in a blend of equity securities quoted on the Nigerian Exchange Limited NGX) and in high-quality fixed-income securities.
Coral Balanced Fund- 67.70%
This fund is managed by FSDH Asset Management Ltd. It returned 67.70 percent to investors in H1 of 2025.
This is an actively managed, open-ended unit trust scheme that invests a maximum of 65 percent in equities quoted on the NGX and the balance in fixed-income securities.
Guaranty Trust Equity Income Fund – 56.21%
The Guaranty Trust Equity Income Fund, managed by Guaranty Trust Fund Managers, also had a remarkable first half, securing a 56.21 percent yield.
It focuses on dividend-paying stocks, making it a favourite among income-seeking investors.
Zrosk Magna Equity Fund – 42.34%
Zrosk Magna Equity Fund from Zrosk Investment Management Limited delivered a 42.34 percent return.
The fund consists of high-conviction equities selected by the firm’s expert team who leverages insights to identify counters that align with clients’ goals.
Paramount Equity Fund- 40.66%
Paramount Equity Fund from Chapel Hill Denham Mgt. Limited delivered a 40.66 percent return in the H1 of 2025.
The Paramount Fund is Nigeria’s oldest mutual fund, which invests in a broad range of high-quality equities and fixed income securities. It provides the investor with an investment vehicle that achieves consistent capital appreciation and income generation over the long term.
Read also: NGX records largest single day gain in 2025
Stanbic IBTC Imaan Fund-40.49 %
The Stanbic IBTC Imaan Fund is managed by Stanbic IBTC Asset Management. It achieved a 40.49 percent yield in the period under review.
The Stanbic IBTC Imaan Fund seeks growth of capital for investors while adhering to Islamic principles of investing.
The fund is made up of a minimum of 70 percent of the portfolio invested in Shariah-compliant stocks/equities and a maximum of 30 percent in other Shariah-compliant assets such as Sukuks, with the approval of an Advisory Committee of Experts.
Islamic principles generally prohibit investments in certain businesses (e.g., alcohol, tobacco, and gambling) and investments in interest-bearing debt obligations or businesses that derive interest income as their primary source of income.
Balanced Strategy Fund-36.32%
Balanced Strategy Fund returned 36.32 percent in the H1 of 2025. It is a medium-to-high risk, open-ended mutual fund that invests in a diversified selection of companies listed on the NGX, as well as federal, state, and corporate bonds that are of investment grade, including a broad range of money market securities.
ESG Impact Fund- 35.71%
The ESG Impact Fund is managed by Quantum Zenith Asset Management & Investments Limited.
It seeks total returns through investments in a select group of equities and fixed-grade income securities that meet the investors’ social responsibility constraints.
This mutual fund allocates 40 percent -60 percent to both equities and bonds for growth and stability. It also includes five percent to 20 percent in money market securities for liquidity and low risk, with a flexible zero to five percent in cash.
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ARM Halal Balanced Fund – 35.68%
The ARM Halal Balanced Fund from ARM Investment Managers Limited closed the list of H1 2025’s top performers with a 35.68 percent yield.
The mutual fund invests in Shari’ah-compliant equities on the NGX and investment-grade Shari’ah-compliant alternative instruments, with a 51.22 percent allocation in equity and 48.78 percent in alternative investments.
