DLM Money Market Fund tops July ranking with 20.69% YTD return
By Aboki Forex —
DLM Money Market Fund has emerged as the best-performing money market fund in July 2026, delivering a year-to-date yield of 20.69 per cent. It climbed four places from fifth position in June.
Top three funds in July
The DLM Money Market Fund is managed by DLM Asset Management Limited, part of DLM Capital Group led by Group Chief Executive Officer Sonnie Ayere. It had N2.07bn in assets under management and 317 unitholders, with each unit priced at N1,000.
Coronation Money Market Fund came second with a year-to-date yield of 20.22 per cent, dropping from the top position it recorded in June. Managed by Coronation Asset Management Limited, the fund oversees N98.55bn in assets held by 20,347 unitholders. That makes it the largest fund by assets under management and the most widely held among the top three performers.
RT Briscoe Savings & Investment Fund took third place with a YTD yield of 20.13 per cent. It fell one position from second place in June. The fund is managed by DLM Asset Management Limited and backed by RT Briscoe Nigeria Plc, led by Group Managing Director Seyi Onajide. It had N520.46m in assets and 63 unitholders, with units priced at N1,000.
June performance and segment strength
The July ranking followed strong performance by money market funds amid sustained investor demand for relatively high-yielding, low-risk investment instruments. In June, the money market fund segment had combined assets of N5.97tn, representing 65.52 per cent of total industry assets, with 800,050 unitholders.
June's performance leaders were Coronation Money Market Fund, RT Briscoe Savings & Investment Fund and First Ally Money Market Fund, which posted YTD yields of 20.54 per cent, 20.30 per cent and 20.01 per cent, respectively.
What the new ranking means
The July results show a reshuffling at the top. DLM Money Market Fund recorded the strongest YTD return, while Coronation and RT Briscoe followed closely behind. For investors, the high yields across the top three funds underline the continued appeal of money market instruments as a low-risk option in a competitive interest rate environment.