Nigeria's Balanced Mutual Funds Surge to N191.02 Billion

As of September 2026, Nigeria's balanced mutual fund segment recorded a net asset value (NAV) of N191.02 billion, marking a 23.94% increase from N154.13 billion at the end of August. This segment, comprising 31 funds, represents 1.98% of Nigeria's total mutual fund assets of N9.66 trillion.

Balanced mutual funds invest across asset classes, combining equities and fixed-income instruments. The top 10 performing balanced mutual funds achieved year-to-date (YTD) returns ranging from 44.87% to 72.33%, with the Capital Express Balanced Fund leading for the third consecutive month.

These ten funds collectively manage N96.08 billion, accounting for 50.30% of the balanced mutual fund segment. The total number of unitholders increased to 110,494 in September, up from 107,417 in August.

The United Capital Wealth for Women Fund recorded a YTD return of 44.87%, managing N5.44 billion in assets. The Emerging Africa Balanced-Diversity Fund and Stanbic IBTC Balanced Fund also reported significant returns, managing N957.74 million and N14.86 billion, respectively.