AXA Mansard Money Market Fund

The AXA Mansard Money Market Fund is one of Nigeria's larger money market funds, holding a Net Asset Value (NAV) of ₦176.30B and ranking #9 of 222 across all fund categories, and #6 of 47 within money market funds specifically. Over the past month, the fund's NAV has grown steadily from ₦172.74B on 5 June 2026 to its current ₦176.30B, reflecting consistent inflows and accumulated returns. The fund serves 40,795 unitholders and has posted a Week-to-Date (WTD) yield of 15.74%, which is also its Year-to-Date (YTD) yield of 15.74%.

While the fund's size and ranking are strong, its current WTD yield of 15.74% sits below the median WTD yield of 16.88% among money market funds in its category, meaning roughly half of its peers are currently delivering higher short-term returns. It is worth noting that the fund's yield dipped slightly from 15.89% on 26 June to 15.74% on 3 July, after a brief climb between early and late June. A money market fund works by pooling investors' money into short-term, lower-risk instruments like treasury bills and commercial paper, so yields tend to move gradually rather than sharply. The fund's large size, at #6 of 47 in its category, may partly explain the modest yield, as very large funds sometimes find it harder to chase the highest-yielding opportunities.