DLM tops money market ranking with 20.69% returns

The DLM Money Market Fund has emerged as the leading performer in Nigeria's money market fund sector for July 2026, delivering an impressive year-to-date (YTD) yield of 20.69 percent. This performance marks a significant climb, moving the fund from fifth position in June to the top spot.

Managed by DLM Asset Management Limited, which is part of the DLM Capital Group led by CEO Sonnie Ayere, the fund currently holds N2.07 billion in assets under management and serves 317 unitholders, with each unit valued at N1,000.

Following closely behind, the Coronation Money Market Fund secured the second position with a YTD yield of 20.22 percent. Despite dropping from its June top ranking, Coronation Asset Management Limited's fund remains the largest by assets under management, overseeing N98.55 billion held by 20,347 unitholders. The RT Briscoe Savings & Investment Fund claimed third place, posting a YTD yield of 20.13 percent and falling one position from its previous ranking.

These July results indicate a dynamic shift in the top performers within the money market fund segment. The strong returns are occurring amid sustained investor demand for investment instruments that offer relatively high yields coupled with low risk. In June, the money market fund segment collectively managed N5.97 trillion in assets, representing 65.52 percent of the total industry assets, with a total of 800,050 unitholders.