Want to Make Your Money Work for You? Here’s How
Keeping your money in a regular savings account is like hiding it under your mattress—it feels safe, but it barely grows.
In 2025, savvy Nigerians are turning to Money Market Mutual Funds (MMMFs) as a low-risk way to earn steady passive income, with some funds offering up to 25% annual returns.
If you’re looking for a smarter way to grow your savings while keeping risk low, this guide will break down:
✔️ What Money Market Mutual Funds are
✔️ The top 10 funds in Nigeria for 2025
✔️ How much you can earn
✔️ How to start investing today
Buy Your First Mutual Funds Here
What is a Money Market Mutual Fund?
A Money Market Mutual Fund (MMMF) is a professionally managed investment where investors pool money together, and fund managers invest it in low-risk, short-term assets such as:
- Treasury Bills (T-Bills)
- Fixed deposits
- Government bonds
- Commercial papers from top-rated companies
How it Works:
✅ You invest money in the fund
✅ Fund managers invest in safe, short-term financial instruments
✅ You earn interest, which can be withdrawn or reinvested
Bonus: These funds are regulated by the Securities and Exchange Commission (SEC) Nigeria, ensuring safety and transparency.
Unlike fixed deposits, MMMFs offer variable interest rates, meaning your returns can increase or decrease based on market conditions.
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Top 10 Money Market Mutual Funds in Nigeria (2025)
We analyzed SEC Nigeria data from February 14, 2025, and ranked the best funds based on Year-to-Date (YTD) returns.
Here’s how much a ₦100,000 investment in each fund could grow in just 45 days and by the end of 2025 (assuming rates stay steady).
1. Legacy Money Market Fund – 25.15% YTD Return
💰 45-Day Growth: ₦3,101
📈 Projected Year-End Value: ₦125,150
✅ Minimum Investment: 1,000 units
✅ Investment Type: Treasury Bills, Fixed Deposits
✅ Why It’s Great: Competitive rates, flexible withdrawals, stable income
2. Meristem Money Market Fund – 24.13% YTD Return
💰 45-Day Growth: ₦2,975
📈 Projected Year-End Value: ₦124,130
✅ Minimum Investment: ₦5,000
✅ Investment Type: Government securities, bank placements
✅ Why It’s Great: High liquidity, quick withdrawals
3. Anchoria Money Market Fund – 23.69% YTD Return
💰 45-Day Growth: ₦2,921
📈 Projected Year-End Value: ₦123,690
✅ Minimum Investment: ₦5,000
✅ Investment Type: Treasury Bills, low-risk investments
✅ Why It’s Great: Start small, add more anytime
4. Chapel Hill Denham Money Market Fund – 23.63% YTD Return
💰 45-Day Growth: ₦2,914
📈 Projected Year-End Value: ₦123,630
✅ Minimum Investment: ₦5,000
✅ Investment Type: Short-term investments
✅ Why It’s Great: Quarterly interest payments, flexible entry/exit
5. Zedcrest Money Market Fund – 23.33% YTD Return
💰 45-Day Growth: ₦2,877
📈 Projected Year-End Value: ₦123,330
✅ Minimum Investment: ₦1,000
✅ Investment Type: Short-term naira debt instruments
✅ Why It’s Great: Capital appreciation, stable income
6. AIICO Money Market Fund – 23.18% YTD Return
💰 45-Day Growth: ₦2,858
📈 Projected Year-End Value: ₦123,180
✅ Minimum Investment: ₦10,000
✅ Investment Type: Treasury Bills, fixed deposits
✅ Why It’s Great: Portfolio diversification, online access
7. EDC Money Market Fund Class B – 23.00% YTD Return
💰 45-Day Growth: ₦2,836
📈 Projected Year-End Value: ₦123,000
✅ Investment Type: Short-term debt securities, commercial papers
✅ Why It’s Great: Capital preservation, easy withdrawals
8. RMB Nigeria Money Market Fund – 22.91% YTD Return
💰 45-Day Growth: ₦2,825
📈 Projected Year-End Value: ₦122,910
✅ Investment Type: Short-term government & corporate securities
✅ Why It’s Great: Low-risk, steady returns
9. FSDH Coral Money Market Fund – 22.88% YTD Return
💰 45-Day Growth: ₦2,821
📈 Projected Year-End Value: ₦122,880
✅ Minimum Investment: ₦5,000
✅ Investment Type: Short-term securities
✅ Why It’s Great: Withdraw in 24 hours, top-up anytime
10. ARM Money Market Fund – 22.72% YTD Return
💰 45-Day Growth: ₦2,801
📈 Projected Year-End Value: ₦122,720
✅ Minimum Investment: ₦1,000
✅ Investment Type: Government securities
✅ Why It’s Great: Quarterly interest payments, competitive rates
Important Things to Know Before Investing
✅ 1. Returns Can Change
- The YTD returns listed above are based on February 14, 2025 data.
- Interest rates fluctuate weekly, so returns may increase or decrease over time.
✅ 2. Your Money Isn’t Locked In
- Most money market funds allow you to withdraw within 24-48 hours.
- However, some have a minimum holding period (e.g., 30 days) to avoid early withdrawal penalties.
✅ 3. Safety & Regulation
- All money market funds are regulated by SEC Nigeria, ensuring transparency and investor protection.
- Investments are monitored daily to maintain liquidity and security.
✅ 4. Risks to Consider
- Returns are not fixed—they change with market conditions.
- Inflation risk: If inflation rises above your returns, your real earnings may be lower.
How to Start Investing in Money Market Funds
Step 1: Choose a Fund
- Compare past performance, fund size, and investor reviews.
- Check the minimum investment amount (some start as low as ₦1,000).
Step 2: Open an Account
- Visit the fund manager’s website or office.
- Complete KYC verification (submit ID and proof of address).
- Deposit your money.
Step 3: Track Your Investment
- Get monthly statements to monitor your earnings.
- Stay updated on interest rate changes and market trends.
Key Takeaways
✅ These are not regular savings accounts—professional investors manage them.
✅ The wealthy don’t just save—they invest in assets like these.
✅ Pooling money with others gives you better returns than saving alone.
✅ If you haven’t started, the next best time is now.
📌 Editor’s Note: These rates are based on SEC Nigeria data from February 14, 2025, and may change over time.
🚀 Ready to start earning passive income? Choose a Money Market Fund today!
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