Best performing Equity mutual funds in Nigeria as of August 2026
Nigeria's equity mutual fund segment pulled back to a net asset value (NAV) of N230.50 billion as of August 28, 2026, down 4.51% from N241.38 billion recorded at the end of July, as renewed market volatility eroded part of the gains recorded in the prior month. The post Best performing Equity mutual funds in Nigeria as of August 2026 appeared first on Nairametrics .
As of August 28, 2026, Nigeria's equity mutual fund segment saw a 4.51% decline in net asset value (NAV) from N241.38 billion to N230.50 billion, due to market volatility. This segment, now composed of 22 funds, accounts for 2.41% of Nigeria's total mutual fund assets, a slight decrease from the previous month's 2.57%. Despite the NAV dip, the segment continues to attract new investors, with total unitholders rising to 127,837, marking a 5.38% increase from July's 121,316.
The top 10 performing equity mutual funds delivered year-to-date returns ranging from 46.64% to 82.36%, reflecting a moderation from earlier year highs. The Meristem Equity Market Fund, managed by Meristem Wealth Management Limited, secured the tenth position with a 46.64% return, while the AXA Mansard Equity Income Fund, managed by AXA Mansard Investments Limited, came ninth with a 47.41% return.
The ARM Aggressive Growth Fund, a newcomer to the top 10, led with a 52.10% return, followed by the CardinalStone Equity Fund, CardinalStone Asset Management Limited, and the Paramount Equity Fund, Chapel Hill Denham Management Limited. The Cowry Equity Fund, Cowry Treasurers Limited, and the Futureview Equity Fund, Futureview Asset Management Limited, rounded out the top five, showcasing varying YTD returns from 55.83% to 58.44%.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
