Coral Money Market Fund

The Coral Money Market Fund, managed by FSDH Asset Management Ltd, stands out as one of the larger and better-performing funds in its category. With a Net Asset Value (NAV) of ₦101.28B, it ranks #17 of 222 funds overall and sits at #9 of 47 within the Money Market Funds category, placing it comfortably in the top half of its peer group. Its current Week-to-Date (WTD) yield of 18.00% beats the median WTD yield of 16.88% among Money Market Funds, meaning it is returning more to investors per week than the typical fund in this space. The Year-to-Date (YTD) yield also stands at 18.00%, and the fund serves 6,336 unitholders, a figure that reflects a reasonably broad investor base for a fund of this type.

Looking at recent history, the fund's NAV has shown some movement over the past month. It grew steadily from ₦102.00B on 5 June 2026 to a recent peak of ₦103.83B on 26 June 2026, before dipping to ₦101.28B on 3 July 2026. A dip in NAV for a money market fund (a fund that invests in short-term, lower-risk assets to preserve value while earning returns) can sometimes reflect investor withdrawals or distributions being paid out rather than a change in the quality of the underlying investments. On the yield side, the WTD yield eased from 18.28% in early June to a low of 17.81% on 11 June, then gradually recovered to its current 18.00%, suggesting the fund's income generation has remained broadly stable across this period.