Afrinvest Plutus Fund

The Afrinvest Plutus Fund is a money market fund (a type of fund that invests in short-term, lower-risk instruments like treasury bills and commercial paper) managed by Afrinvest Asset Management Limited. Its Net Asset Value (NAV) has grown steadily over the past month, rising from ₦5.89B on 5 June 2026 to ₦6.49B by 3 July 2026, a meaningful increase that signals fresh capital flowing into the fund. However, its Week-to-Date (WTD) yield, which shows how much the fund returned in the most recent week expressed as an annual rate, has been declining over that same period, dropping from 17.27% to 14.39%. That combination of growing size but falling yield is the headline story here.

On a peer comparison basis, the fund sits at #27 of 47 in the money market category, placing it in the bottom half of its group. Its current WTD yield of 14.39% falls noticeably below the median WTD yield of 16.88% among all money market funds, meaning more than half of its direct competitors are currently delivering higher weekly returns. The Year-to-Date (YTD) yield also stands at 14.39%, and with 928 unitholders, this is a relatively small fund by investor count. The NAV rank of #81 of 222 across all fund types shows it holds a mid-table position in overall size, but the yield gap versus peers is a figure worth watching closely.