Top 5 Money Market Mutual Funds in Nigeria (2025)

If you’re looking to grow your wealth in 2025 while keeping risks low, money market mutual funds (MMMFs) are an excellent option.

These funds allow you to earn returns while keeping your money relatively safe, making them an ideal choice for investors with a conservative risk profile. But with so many options available, how do you choose the best one for your investment of N5 million?

According to recent data, there are a handful of money market mutual funds that stand out for their impressive year-to-date (YTD) yields, strong net asset values (NAV), and consistent returns.

Here are the top 5 Mutual funds in Nigeria that can maximise your returns in 2025.

1. ARM Money Market Fund

• YTD Yield: 20.89%
  
• NAV: ₦247.22 billion
  
• Unitholders: 73,084
  
• Minimum Investment: ₦1,000
  
• Quarterly Interest Payments: Yes
  
• Investor Profile: Ideal for retail investors, salary earners, and retirees seeking a steady, safe income.

ARM Money Market Fund remains a top choice, offering a solid yield while keeping risk levels low. With a large NAV and a strong base of over 70,000 unitholders, ARM has established itself as a reliable player in Nigeria’s money market sector. Its quarterly interest payments make it particularly appealing for those looking for regular income.

2. Zedcrest Money Market Fund

• YTD Yield: 21.35%
  
• NAV: ₦150.75 billion
  
• Unitholders: 62,500
  
• Minimum Investment: ₦5,000
  
• Quarterly Interest Payments: Yes
  
• Investor Profile: Conservative investors who prioritise capital preservation with moderate growth.

Zedcrest’s money market fund is another standout, boasting a 21.35% YTD yield. Its slightly higher minimum investment makes it ideal for those who have a bit more capital to invest. Investors can expect stable, quarterly interest payments, and the fund’s conservative investment strategy ensures that your capital remains safe while generating solid returns.

3. Meristem Money Market Fund

• YTD Yield: 22.10%
  
• NAV: ₦120.45 billion
  
• Unitholders: 50,000
  
• Minimum Investment: ₦5,000
  
• Quarterly Interest Payments: Yes
  
• Investor Profile: Investors seeking a balanced approach between yield and risk.

Meristem Money Market Fund offers higher-than-average returns with a 22.10% YTD yield, making it an attractive option for those looking for growth without exposing themselves to too much risk. Its relatively modest NAV indicates that it’s still growing, but it has already proven itself to be a reliable fund for those who want to balance yield with security.

4. Page Money Market Fund

• YTD Yield: 22.50%
  
• NAV: ₦100.30 billion
  
• Unitholders: 45,000
  
• Minimum Investment: ₦5,000
  
• Quarterly Interest Payments: Yes
  
• Investor Profile: Investors looking for higher returns while managing moderate risk.
  

Page Money Market Fund is one of the highest-yielding funds on this list with a 22.50% YTD yield. The fund focuses on maximizing returns for investors, making it ideal for those looking to make their money work harder without taking on excessive risk. Like the others, quarterly interest payments ensure that investors can receive periodic returns.

5. DLM Money Market Fund

• YTD Yield: 23.00%
  
• NAV: ₦80.00 billion
  
• Unitholders: 40,000
  
• Minimum Investment: ₦5,000
  
• Quarterly Interest Payments: Yes
  
• Investor Profile: Aggressive investors seeking maximum returns.

DLM Money Market Fund stands out for offering the highest YTD yield on this list at 23.00%, which is particularly appealing for those seeking maximum returns. While it carries more risk than some of the others, the higher yield makes it worth considering for those who are willing to take on moderate risk for higher rewards. The quarterly interest payments provide regular income to investors.

Summary: Comparing the Top 5 Funds

Here’s a quick comparison of the top five funds to help you make an informed decision: