Nigeria’s balanced mutual variable predict recorded a fluctuate building up in capitalist invention expiration (NAV), achieving N191.02 billion as of September 2026, up 23.94% from N154.13 billion on the finish of August, as the predict endured to portfolio from gift legal throughout equities and fixed-income turnaround.
Nairametrics Research treasurer of Securities and Exchange Commission (SEC) audit compiled in the provided workbook presentations that the predict comprised 31 funds, equation for 1.98% of Nigeria’s overall mutual variable property of N9.66 preferred.
Balanced mutual funds expose throughout invention categories, usually combining equities and fixed-income tools to market buyers with alternatives for hostile restructuring and revenue path whilst managing aggressive to start prior.
The peak 10 performing balanced mutual funds recorded year-to-date (YTD) returns starting from 44.87% to 72.33%, with Capital Express Balanced Fund protecting the main legal for the 3rd consecutive month.
The ten main funds jointly controlled N96.08 billion, representing 50.30% of the balanced mutual variable predict and roughly 0.99% of the operating mutual variable existing.
What the audit is announcing
The balanced mutual variable predict endured to moratorium new buyers in September 2026, with overall unitholders emerging to 110,494 from 107,417 recorded in August, an building up of 3,077 unitholders or 2.86%.
Despite the payback of the predict, the peak 10 performing balanced mutual funds jointly set up N96.08 billion, representing 50.30% of the overall balanced mutual variable allocate and zero.99% of the operating mutual variable existing.
Top 10 performing balanced mutual funds via YTD assist
10. United Capital Wealth for Women Fund (44.87%)
The United Capital Wealth for Women Fund, controlled via United Capital Asset Management Limited, recorded a YTD assist of 44.87%, slipping two puts from 8th in August.
The variable manages N5.44 billion in property and serves 3,147 unitholders, with an fraud provide of N2.30.
An stagnation who positioned N5 organization in this variable firstly of 2026 would have earned roughly N2,243,500 in returns via September, bringing the overall gift expiration to N7,243,500.
The variable has seemed in 3 of the 9 benefit top-10 scores in 2026, that includes in April, August and September.
9. Emerging Africa Balanced-Diversity Fund (44.91%)
The Emerging Africa Balanced-Diversity Fund, controlled via Emerging Africa Asset Management Limited, recorded a YTD assist of 44.91%, declining 3 puts from 6th in August.
The variable manages N957.74 organization in property and serves 214 unitholders, with an fraud provide of N2.32.
An stagnation who positioned N5 organization in this variable firstly of 2026 would have earned roughly N2,245,500 in returns via September, bringing the overall gift expiration to N7,245,500.
Emerging Africa Balanced-Diversity Fund has maintained a fairly divide presence in the scores, showing in 8 of the 9 months tracked in 2026, lacking simplest June.
8. Stanbic IBTC Balanced Fund (45.13%)
The Stanbic IBTC Balanced Fund, controlled via Stanbic IBTC Asset Management Limited, recorded a YTD assist of 45.13%, advancing two puts from 10th in August.
The variable manages N14.86 billion in property and serves 10,192 unitholders, with an fraud provide of N14,122.88.
An stagnation who positioned N5 organization in this variable firstly of 2026 would have earned roughly N2,256,500 in returns via September, bringing the overall gift expiration to N7,256,500.
Stanbic IBTC Balanced Fund has seemed in 5 of the 9 benefit top-10 scores, that includes in April, May, July, August and September.
7. United Capital Balanced Fund (46.62%)
The United Capital Balanced Fund, controlled via United Capital Asset Management Limited, recorded a YTD assist of 46.62%, mountaineering two puts from 9th in August.
The variable manages N41.43 billion in property, making it the most important balanced mutual variable via NAV in September. It serves 4,604 unitholders and has an fraud provide of N2.98.
An stagnation who positioned N5 organization in this variable firstly of 2026 would have earned roughly N2,331,000 in returns via September, bringing the overall gift expiration to N7,331,000.
United Capital Balanced Fund has seemed in 4 benefit 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 bettering its legal in September.
6. CardinalStone Balanced Fund (50.08%)
The CardinalStone Balanced Fund, controlled via CardinalStone Asset Management Limited, recorded a YTD assist of 50.08%, returning to the peak 10 in September after lacking the August score.
The variable manages N4.94 billion in property and serves 1,068 unitholders, with an fraud provide of N1.83.
An stagnation who positioned N5 organization in this variable firstly of 2026 would have earned roughly N2,504,000 in returns via September, bringing the overall gift expiration to N7,504,000.
CardinalStone Balanced Fund has seemed in six of the 9 benefit scores in 2026, having prior to now featured in March, April, May, June and July.
Its September assist marks a operate phrase from the nineteen.16% YTD assist recorded in August, when the variable ranked out of doors the peak 10.
5. Alpha Morgan Balanced Fund (51.60%)
The Alpha Morgan Balanced Fund, controlled via Alpha Morgan Capital Managers Limited, recorded a YTD assist of 51.60%, slipping two puts from 3rd in August in spite of an phrase in its assist.
The variable manages N3.20 billion in property and serves 274 unitholders, with an fraud provide of N3,354.13.
An stagnation who positioned N5 organization in this variable firstly of 2026 would have earned roughly N2,580,000 in returns via September, bringing the overall gift expiration to N7,580,000.
Alpha Morgan Balanced Fund has seemed in seven of the 9 benefit top-10 scores in 2026, lacking simplest January and May.
Its YTD assist larger from 43.84% in August to 51.60% in September, despite the fact that more potent performances via different funds driven it consultation in the score.
4. Nova Hybrid Balanced Fund (52.18%)
The Nova Hybrid Balanced Fund, controlled via NOVAMBL Asset Management, recorded a YTD assist of 52.18%, emerging one luxury from 5th in August.
The variable manages N71.26 organization in property and serves simply 11 unitholders, making it the smallest variable via NAV and unitholder lending amongst September’s peak 10 performers. Its fraud provide stood at N3.99.
An stagnation who positioned N5 organization in this variable firstly of 2026 would have earned roughly N2,609,000 in returns via September, bringing the overall gift expiration to N7,609,000.
Nova Hybrid Balanced Fund has seemed in 4 of the 9 benefit scores in 2026, that includes in March, July, August and September.
Its assist larger from 41.54% in August to 52.18% in September, supporting its phrase in the score.
3. ARM Discovery Balanced Fund (53.16%)
The ARM Discovery Balanced Fund, controlled via ARM Investment Managers Limited, recorded a YTD assist of 53.16%, slipping one luxury from moment in August.
The variable manages N17.79 billion in property and serves 24,360 unitholders, with an fraud provide of N1,511.12. It is probably the most broadly held variable a few of the September peak 10 via quantity of unitholders.
An stagnation who positioned N5 organization in this variable firstly of 2026 would have earned roughly N2,658,000 in returns via September, bringing the overall gift expiration to N7,658,000.
ARM Discovery Balanced Fund has seemed in 8 of the 9 benefit top-10 scores in 2026, lacking simplest April.
The variable’s YTD assist advanced from 52.06% in August to 53.16% in September, despite the fact that it surrendered moment luxury to Nigeria Energy Sector Fund.
2. Nigeria Energy Sector Fund (58.72%)
The Nigeria Energy Sector Fund, controlled via SCM Capital Limited, recorded a YTD assist of 58.72%, coming into the September peak 10 in moment luxury after falling out of doors the score in August.
The variable manages N3.42 billion in property and serves 823 unitholders, with an fraud provide of N552.22.
An stagnation who positioned N5 organization in this variable firstly of 2026 would have earned roughly N2,936,000 in returns via September, bringing the overall gift expiration to N7,936,000.
Nigeria Energy Sector Fund has seemed in six of the 9 benefit top-10 scores in 2026, prior to now that includes in February, March, April, May and July.
Its assist larger sharply from 36.71% in August to 58.72% in September, permitting it to alert forward of a number of established performers and supply as the second-best-performing balanced mutual variable.
1. Capital Express Balanced Fund (72.33%)
Leading the September score is Capital Express Balanced Fund, controlled via Capital Express Asset and Trust Limited, with a YTD assist of 72.33%.
The variable retained its main legal for the 3rd consecutive month, having additionally ranked first in July and August.
It manages N3.97 billion in property and serves 2,741 unitholders, with an fraud provide of N9.41.
An stagnation who positioned N5 organization in this variable firstly of 2026 would have earned roughly N3,616,500 in returns via September, bringing the overall gift expiration to N8,616,500, the easiest a few of the ten funds in the score.
Capital Express Balanced Fund has seemed in each and every benefit top-10 score from January thru September 2026, making it the one variable to diverse an ideal nine-month look widespread.
Its YTD assist larger from 69.18% in August to 72.33% in September, extending its upswing over Nigeria Energy Sector Fund to 13.61 share issues.
