The Paramount Equity Fund, managed by Chapel Hill Denham Management Limited, has had a strong year overall despite a rough few recent weeks. Its Year-to-Date (YTD) yield stands at 50.17%, meaning investors who held the fund from the start of the year have seen their money grow by more than half in value. The fund's Net Asset Value (NAV), which is the total market value of everything the fund holds, currently sits at ₦21.86B, placing it at #3 of 18 funds in the Equity Funds category and #39 of 222 across all Nigerian mutual funds tracked. With 19,694 unitholders, it is one of the more widely held equity funds in the market.
The short-term picture, however, shows some turbulence. Looking at the recent weekly performance, the fund's NAV dropped sharply from ₦25.81B on 5 June 2026 to ₦21.86B by 3 July 2026, a decline driven largely by a steep Week-to-Date (WTD) yield of -8.27% recorded on 26 June, followed by a further -1.78% in the most recent week. That latest weekly dip is slightly worse than the median WTD yield of -1.75% among all Equity Funds peers, suggesting the fund is underperforming its category by a small margin in the short term. This kind of short-term volatility is common in equity funds, where returns can swing week to week depending on how the stock market is moving.
Key insight: Despite two consecutive weeks of losses and a sharp NAV decline since early June 2026, the fund's 50.17% YTD yield keeps it among the top performers in its category, making the recent dip a short-term setback within a much stronger year-long trend.
