List of Mutual Funds in Nigeria

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Mutual Funds are investment schemes which are professionally managed.

For those who have heard of lots of investment options and wonder

which they can trust so as not to be scammed, mutual funds are a type

of investment you should look into. Mutual funds are a pool of funds

that are professionally managed by expert mutual fund managers. Mutual

funds are relatively safe because the mutual fund managers keep a

record of the performance and growth of these funds. They are also

able to make required changes so that the funds perform well and the

investors can get the best possible returns.









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Mutual funds are controlled by an Asset Management Company (AMC), this

is usually a renowned investment company that pools the funds from a

group of investors. They then invest these funds in bonds, stocks, and

securities. There are many forms of mutual funds in Nigeria that offer

different conditions for investment and returns on investment.











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In mutual funds, a number of investors gather (which includes you) put

a certain amount of money in and thus a mutual fund is created. The

profit from the investments is shared among all investors.



List of Mutual Funds in Nigeria



There are different types of mutual funds. These are:

Fixed income funds



Fixed income funds offer you the opportunity of investing your money

with low to medium risk. These funds allow investors to get stable

revenue from investing majorly in debt securities such as a government

bond, corporate bond, certificate of deposit (CD), municipal bond, or

preferred stock.







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Here are some examples of fixed income funds:

EDC Fixed Income Fund



Lead Fixed Income Fund



Coronation Fixed Income Fund



Stanbic IBTC Guaranteed Fund







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Stanbic IBTC Conservative Fund



Balanced funds



These types of mutual funds are considered to be of medium risk. They

also specialise in long-term investments which bring in returns slowly

but steadily. Below are examples of Balanced funds: Coronation

Balanced Fund



Pacific-American Climate Fund (PACAM) Balanced Fund



Stanbic IBTC Balanced Fund



FBN Heritage Fund



United Capital Wealth for Women Fund



Pure equity funds



Pure equity funds are a type of mutual fund specialise in long-term

investments. The aim is to gradually grow the capital. Pure equity

funds are considered to be of high risk. This type of mutual fund buys

shares of Nigerian enterprises or foreign enterprises that operate in

Nigeria. Below are examples of such pure equity funds:

FBN Nigeria Smart Beta Equity Fund



Stanbic IBTC Aggressive Fund



Coral Growth Fund







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Afrinvest Equity Fund



UBA Equity Fund







Mutual Funds in Nigeria



Before you choose the particular mutual funds, you want to invest in,

it is important you understand the major mutual funds available in the

market and how those funds have performed over time.



Stanbic IBTC Aggressive Fund



Stanbic IBTC Aggressive Fund is popularly known for offering

competitive returns. It also diversifies its investment options,

aggressive allocation. They are also able to trade an asset quickly

without causing a drastic change in the asset’s price. The Stanbic

IBTC Aggressive fund offers low to medium volatility (trading price),

hence relatively lower risk.



The fund is one of the Stanbic IBTC Umbrella funds. Others include the

Stanbic IBTC Absolute and Stanbic IBTC Conservative funds. Stanbic

IBTC Aggressive Fund is reported to typically invest a minimum of 60%

of its assets in the equity market and the other 40% in fixed income

securities. Stanbic IBTC Aggressive Fund is a great option for mutual

funds’ investments; however, it is best suited for investors who can

bear high risk. If you would prefer those with low risks, it is safer

to join the Conservative mutual funds. If you want to totally avoid

taking risks, go for the Absolute Return mutual funds where they

invest 100% in fixed income securities and your money is much more

guaranteed. Stanbic IBTC Aggressive Fund is managed by Stanbic IBTC

Asset Management and you can start with just ₦5,000.



FBN Money Market Fund



First Bank Capital Limited offers the following mutual funds:

FBN Money Market Fund



FBN Fixed Income Fund



FBN Heritage Fund



The investments in the mutual funds offered by First Bank of Nigeria

are considered to be one of the safest. They are good for those do not

want to invest a lot of money at once, have medium expectations, and

want to have their money back in a short time. You can start with just

N10,000. You receive your revenue quarterly. You can expect the

interest of 14% in FBN Mutual Funds.



Zenith Equity Funds



The Zenith Equity Fund invests majorly in equities as well as income securities.



This Fund is designed for investors seeking to maximise their returns

at minimal risk. Investors are able to build wealth at relatively

lower risk than direct stock investments.



Other mutual funds offered by Zenith Capital Limited are:

Zenith Equity Fund



Zenith Income Fund



Zenith Ethical Fund



United Capital Balanced Fund



This mutual fund invests in equities and fixed income instruments.



United Capital has other mutual funds such as:

United Capital Bond Fund



United Capital Equity Fund



United Capital Money Market Fund. You can start with as little as N10,000.



United Bank of Africa (UBA) Asset Management Limited



United Bank of Africa (UBA) Asset Management Limited offers the

following mutual funds:

UBA Money Market Fund



UBA Bond Fund



UBA Balance Fund



UBA Equity Fund



ARM Aggressive Growth Fund



ARM offers other funds such as:

ARM Money Market Fund



ARM Discovery Fund



ARM Aggressive Growth Fund



ARM Ethical Fund



ARM Mutual Funds



ARM Mutual Funds is a perfect way to invest money for those who are

not willing to drop large sums of money. The investment is considered

to be of low risk. You can invest with as little as N5,000. If you

want to increase your investment, you can add money to your account at

any time you want. Returns are paid off every quarter and you can

expect a rate of interest as high as 15,97%.



Other mutual funds are:

Cowry wise



First City Monument Bank Mutual Funds



Stanbic IBTC Pension



EDC Fixed Income Fund



Lead Fixed Income Fund



Coronation Balanced



Disclaimer



This article is meant for general informational purposes only and does

not substitute for professional advice. Do seek professional advice

when you want to invest in any mutual fund scheme.













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