Nigeria’s balanced mutual fund phase recorded a powerful build up in internet asset worth (NAV), achieving N191.02 billion as of September 2026, up 23.94% from N154.13 billion on the finish of August, because the phase endured to take pleasure in funding task throughout equities and fixed-income securities.
Nairametrics Analysis research of Securities and Change Fee (SEC) knowledge compiled within the equipped workbook presentations that the phase comprised 31 finances, accounting for 1.98% of Nigeria’s general mutual fund belongings of N9.66 trillion.
Balanced mutual finances make investments throughout asset categories, in most cases combining equities and fixed-income tools to supply traders with alternatives for capital appreciation and revenue era whilst managing publicity to marketplace volatility.
The highest 10 acting balanced mutual finances recorded year-to-date (YTD) returns starting from 44.87% to 72.33%, with Capital Specific Balanced Fund conserving the main place for the 3rd consecutive month.
The 10 main finances jointly controlled N96.08 billion, representing 50.30% of the balanced mutual fund phase and roughly 0.99% of the full mutual fund business.
What the knowledge is pronouncing
The balanced mutual fund phase endured to draw new traders in September 2026, with general unitholders emerging to 110,494 from 107,417 recorded in August, an build up of three,077 unitholders or 2.86%.
In spite of the scale of the phase, the highest 10 acting balanced mutual finances jointly set up N96.08 billion, representing 50.30% of the overall balanced mutual fund class and zero.99% of the full mutual fund business.
Most sensible 10 acting balanced mutual finances via YTD go back
10. United Capital Wealth for Ladies Fund (44.87%)
The United Capital Wealth for Ladies Fund, controlled via United Capital Asset Control Restricted, recorded a YTD go back of 44.87%, slipping two puts from 8th in August.
The fund manages N5.44 billion in belongings and serves 3,147 unitholders, with an be offering worth of N2.30.
An investor who positioned N5 million on this fund in the beginning of 2026 would have earned roughly N2,243,500 in returns via September, bringing the overall funding worth to N7,243,500.
The fund has seemed in 3 of the 9 per thirty days top-10 scores in 2026, that includes in April, August and September.
9. Rising Africa Balanced-Range Fund (44.91%)
The Rising Africa Balanced-Range Fund, controlled via Rising Africa Asset Control Restricted, recorded a YTD go back of 44.91%, declining 3 puts from 6th in August.
The fund manages N957.74 million in belongings and serves 214 unitholders, with an be offering worth of N2.32.
An investor who positioned N5 million on this fund in the beginning of 2026 would have earned roughly N2,245,500 in returns via September, bringing the overall funding worth to N7,245,500.
Rising Africa Balanced-Range Fund has maintained a reasonably constant presence within the scores, showing in 8 of the 9 months tracked in 2026, lacking best June.
8. Stanbic IBTC Balanced Fund (45.13%)
The Stanbic IBTC Balanced Fund, controlled via Stanbic IBTC Asset Control Restricted, recorded a YTD go back of 45.13%, advancing two puts from 10th in August.
The fund manages N14.86 billion in belongings and serves 10,192 unitholders, with an be offering worth of N14,122.88.
An investor who positioned N5 million on this fund in the beginning of 2026 would have earned roughly N2,256,500 in returns via September, bringing the overall funding worth to N7,256,500.
Stanbic IBTC Balanced Fund has seemed in 5 of the 9 per thirty days top-10 scores, that includes in April, Would possibly, July, August and September.
7. United Capital Balanced Fund (46.62%)
The United Capital Balanced Fund, controlled via United Capital Asset Control Restricted, recorded a YTD go back of 46.62%, mountaineering two puts from 9th in August.
The fund manages N41.43 billion in belongings, making it the biggest balanced mutual fund via NAV in September. It serves 4,604 unitholders and has an be offering worth of N2.98.
An investor who positioned N5 million on this fund in the beginning of 2026 would have earned roughly N2,331,000 in returns via September, bringing the overall funding worth to N7,331,000.
United Capital Balanced Fund has seemed in 4 per thirty days top-10 scores in 2026. After that includes in January and February, it dropped out between March and July ahead of returning in August and making improvements to its place in September.
6. CardinalStone Balanced Fund (50.08%)
The CardinalStone Balanced Fund, controlled via CardinalStone Asset Control Restricted, recorded a YTD go back of fifty.08%, returning to the highest 10 in September after lacking the August score.
The fund manages N4.94 billion in belongings and serves 1,068 unitholders, with an be offering worth of N1.83.
An investor who positioned N5 million on this fund in the beginning of 2026 would have earned roughly N2,504,000 in returns via September, bringing the overall funding worth to N7,504,000.
CardinalStone Balanced Fund has seemed in six of the 9 per thirty days scores in 2026, having prior to now featured in March, April, Would possibly, June and July.
Its September go back marks an important growth from the nineteen.16% YTD go back recorded in August, when the fund ranked out of doors the highest 10.
5. Alpha Morgan Balanced Fund (51.60%)
The Alpha Morgan Balanced Fund, controlled via Alpha Morgan Capital Managers Restricted, recorded a YTD go back of 51.60%, slipping two puts from 3rd in August regardless of an growth in its go back.
The fund manages N3.20 billion in belongings and serves 274 unitholders, with an be offering worth of N3,354.13.
An investor who positioned N5 million on this fund in the beginning of 2026 would have earned roughly N2,580,000 in returns via September, bringing the overall funding worth to N7,580,000.
Alpha Morgan Balanced Fund has seemed in seven of the 9 per thirty days top-10 scores in 2026, lacking best January and Would possibly.
Its YTD go back larger from 43.84% in August to 51.60% in September, despite the fact that more potent performances via different finances driven it decrease within the score.
4. Nova Hybrid Balanced Fund (52.18%)
The Nova Hybrid Balanced Fund, controlled via NOVAMBL Asset Control, recorded a YTD go back of 52.18%, emerging one position from 5th in August.
The fund manages N71.26 million in belongings and serves simply 11 unitholders, making it the smallest fund via NAV and unitholder depend amongst September’s peak 10 performers. Its be offering worth stood at N3.99.
An investor who positioned N5 million on this fund in the beginning of 2026 would have earned roughly N2,609,000 in returns via September, bringing the overall funding worth to N7,609,000.
Nova Hybrid Balanced Fund has seemed in 4 of the 9 per thirty days scores in 2026, that includes in March, July, August and September.
Its go back larger from 41.54% in August to 52.18% in September, supporting its growth within the score.
3. ARM Discovery Balanced Fund (53.16%)
The ARM Discovery Balanced Fund, controlled via ARM Funding Managers Restricted, recorded a YTD go back of 53.16%, slipping one position from moment in August.
The fund manages N17.79 billion in belongings and serves 24,360 unitholders, with an be offering worth of N1,511.12. It’s the most generally held fund a few of the September peak 10 via choice of unitholders.
An investor who positioned N5 million on this fund in the beginning of 2026 would have earned roughly N2,658,000 in returns via September, bringing the overall funding worth to N7,658,000.
ARM Discovery Balanced Fund has seemed in 8 of the 9 per thirty days top-10 scores in 2026, lacking best April.
The fund’s YTD go back progressed from 52.06% in August to 53.16% in September, despite the fact that it surrendered moment position to Nigeria Power Sector Fund.
2. Nigeria Power Sector Fund (58.72%)
The Nigeria Power Sector Fund, controlled via SCM Capital Restricted, recorded a YTD go back of 58.72%, coming into the September peak 10 in moment position after falling out of doors the score in August.
The fund manages N3.42 billion in belongings and serves 823 unitholders, with an be offering worth of N552.22.
An investor who positioned N5 million on this fund in the beginning of 2026 would have earned roughly N2,936,000 in returns via September, bringing the overall funding worth to N7,936,000.
Nigeria Power Sector Fund has seemed in six of the 9 per thirty days top-10 scores in 2026, prior to now that includes in February, March, April, Would possibly and July.
Its go back larger sharply from 36.71% in August to 58.72% in September, permitting it to transport forward of a number of established performers and emerge because the second-best-performing balanced mutual fund.
1. Capital Specific Balanced Fund (72.33%)
Main the September score is Capital Specific Balanced Fund, controlled via Capital Specific Asset and Consider Restricted, with a YTD go back of 72.33%.
The fund retained its main place for the 3rd consecutive month, having additionally ranked first in July and August.
It manages N3.97 billion in belongings and serves 2,741 unitholders, with an be offering worth of N9.41.
An investor who positioned N5 million on this fund in the beginning of 2026 would have earned roughly N3,616,500 in returns via September, bringing the overall funding worth to N8,616,500, the best a few of the ten finances within the score.
Capital Specific Balanced Fund has seemed in each and every per thirty days top-10 score from January thru September 2026, making it the one fund to care for an ideal nine-month look file.
Its YTD go back larger from 69.18% in August to 72.33% in September, extending its lead over Nigeria Power Sector Fund to 13.61 proportion issues.