AIICO Money Market Fund

The AIICO Money Market Fund holds a Net Asset Value (NAV) of ₦42.47B, placing it at #30 of 222 across all funds tracked and #15 of 47 within the Money Market Funds category. Its Week-to-Date (WTD) yield of 17.49% sits above the category median of 16.88%, meaning the fund is currently generating returns faster than more than half of its peers. That outperformance, however modest in percentage terms, can compound meaningfully over time. The Year-to-Date (YTD) yield also stands at 17.49%, consistent with the WTD figure, which reflects how early in the year the measurement window began. The fund serves 5,193 unitholders, giving a sense of how many investors are currently participating.

Looking at the fund's recent history, the NAV has grown steadily from ₦40.83B on 5 June 2026 to ₦42.47B on 3 July 2026, a rise of roughly ₦1.64B over four weeks. Yields during this period ranged between 17.49% and 17.82%, peaking on 26 June 2026 before settling slightly lower at the most recent reading. A small NAV dip on 19 June 2026 to ₦41.01B interrupted the otherwise upward trajectory, but the fund recovered quickly and reached a new high by the latest data point. This kind of gradual NAV growth is typical for money market funds, which invest in short-term, lower-risk instruments, essentially like a savings pool that aims to grow steadily rather than sharply.