GTBank (Guaranty Trust) Money Market Fund Rate & Mutual Funds Calculator
Model the Guaranty Trust Money Market Fund at the yield it reported in the latest SEC weekly table, then see every fund from Guaranty Trust Fund Managers — GTBank's sister company under GTCO — with unit price, four-week change, size and unitholders, and project any of them with the mutual fund calculator.
Source: SEC Nigeria, Net Asset Value and Unit Price as at 9 Oct 2026 · four-week change vs 11 Sept 2026. CheckInvestNg is not affiliated with GTBank or Guaranty Trust Fund Managers.
16.88%
rank 26 of 49 by yield · −1.14 pp in 4 weeks
₦687.6bn
#3 by size · 10% of all MMF assets
₦158.7bn
4,807 unitholders
₦902.3bn
161,384 unitholders
Looking for the GTBank fixed deposit rate instead? The CBN's table for 3 Jul 2026 puts GTBank's average time deposit rate at 8.00% against 16.88% for the money market fund. Full comparison: GTBank fixed deposit vs GT Money Market Fund → · GTBank fixed deposit rates
Guaranty Trust Money Market Fund calculator
Preloaded with the Guaranty Trust Money Market Fund at the yield it reported to the SEC. Pick another fund to compare, or switch to “Earn ₦X/Month” to see how much you would need to invest for a target income. For the Investment Fund 724, enter 14.86% as a custom rate.
See how your investment grows
Money Market Fund Calculator
Calculate your projected returns from Nigerian money market funds
₦1,151,920.00
₦151,920.00
₦12,660.00
16.88%
How this is worked out: The reported yield is treated as an effective annual yield and applied for the fraction of a year held. Over twelve months that equals simple annual interest; over longer periods it assumes income stays invested at the same yield. Withholding tax is the only deduction applied. CheckInvestNg applies 10% withholding tax to money market fund income as an assumption: whether it applies under the Nigeria Tax Act 2025 is an unresolved interpretation question (s.63(4) and s.162(1)(b)).
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MMF vs Savings Account Projection
16.88% MMF vs 4% savings account over 12 months — both before tax
Over 12 months, the MMF earns you ₦128,800.00 more than a 4% savings account, before tax on either.
| Fund | Yield | 4-week change | Fund size | Unitholders | Action |
|---|---|---|---|---|---|
First Ally Money Market Fund First Ally Asset Management Limited | 21.31% | +3.32 pp | ₦16.6bn | 3,111 | |
Coronation Money Market Fund Coronation Asset Management Limited | 20.01% | −0.99 pp | ₦121.5bn | 23,915 | |
Greenwich Plus Money Market Fund Greenwich Asset Management Limited | 19.07% | −0.11 pp | ₦16.9bn | 1,176 | |
CardinalStone Money Market Fund CardinalStone Asset Mgt. Limited | 18.80% | −0.49 pp | ₦45bn | 2,963 | |
STL Money Market Fund STL Asset Management Limited | 18.67% | −0.74 pp | ₦22.5bn | 2,297 | |
Chapel Hill Denham Money Market Fund Chapel Hill Denham Mgt. Limited | 18.53% | −0.20 pp | ₦51.6bn | 21,207 | |
United Capital Money Market Fund United Capital Asset Mgt. Ltd | 17.31% | +1.16 pp | ₦276.7bn | 100,000 | |
Meristem Money Market Fund Meristem Wealth Management Limited | 17.06% | −1.56 pp | ₦131.1bn | 12,361 | |
Guaranty Trust Money Market Fund Guaranty Trust Fund Managers | 16.88% | −1.14 pp | ₦687.6bn | 77,860 | |
First Asset Money Market Fund First Asset Management Limited | 16.83% | +0.72 pp | ₦775.6bn | 46,845 | |
Stanbic IBTC Money Market Fund Stanbic IBTC Asset Mgt. Limited | 16.73% | +1.32 pp | ₦3.14trn | 390,143 | |
ARM Money Market Fund ARM Investment Managers Limited | 16.72% | −0.62 pp | ₦460.9bn | 91,328 | |
Zenith Money Market Fund Zenith Asset Management Ltd | 15.88% | −0.65 pp | ₦169.9bn | 9,800 | |
AXA Mansard Money Market Fund AXA Mansard Investments Limited | 15.07% | −1.17 pp | ₦178.5bn | 42,600 |
Yields are the figures each fund manager reported to the SEC's weekly NAV table for the week ended 9 Oct 2026, shown as published; they change weekly and are not guaranteed. The SEC table does not state whether management fees have already been deducted, so confirm the basis in the fund's fact sheet. The result cards above are after the 10% withholding tax CheckInvestNg assumes on distributions (CheckInvestNg applies 10% withholding tax to money market fund income as an assumption: whether it applies under the Nigeria Tax Act 2025 is an unresolved interpretation question (s.63(4) and s.162(1)(b)).), with the gross figure and the deduction itemised in the summary; no entry or exit charges are modelled. The reported yield is treated as an effective annual yield and applied for the fraction of a year held. Over twelve months that equals simple annual interest; over longer periods it assumes income stays invested at the same yield. The list shows the highest-yielding funds with at least ₦5bn under management plus the largest funds by assets. Minimums and redemption terms are in each fund's prospectus.
All 6 Guaranty Trust funds in the SEC table
Largest first. Only the two money market funds have an annual yield in the SEC table; for every other fund the return comes from the unit price, so the change column is the movement in that price between 11 Sept 2026 and 9 Oct 2026, not annualised.
| Fund | Type | Unit price | 4-week change | Fund size | Unitholders |
|---|---|---|---|---|---|
Money Market Fund Treasury bills, commercial paper and bank placements. Unit price is held at ₦100; returns are paid as yield. | Money market | ₦100.00 | 16.88% yield | ₦687.6bn | 77,860 |
Dollar Fund US-dollar fixed income. The SEC changed the pricing basis between the two workbooks, so no four-week change is shown. | Dollar fixed income | ₦132,950.00 | — | ₦158.7bn | 4,807 |
Equity Income Fund Dividend-paying Nigerian listed equities. | Equity | ₦5.67 | +0.66% | ₦20bn | 21,291 |
Fixed Income Fund FGN and corporate bonds. The SEC table holds its unit price at ₦1, so returns show as distributions rather than price moves. | Bond / fixed income | ₦1.00 | 0.00% | ₦14.8bn | 8,896 |
Balanced Fund A mix of equities and fixed income. | Balanced | ₦8.16 | +0.82% | ₦13.9bn | 17,862 |
Investment Fund 724 A second money market fund, sold through the GTBank *724 channel. Unit price held at ₦100; returns paid as yield. | Money market | ₦100.00 | 14.86% yield | ₦7.3bn | 30,668 |
Unit prices are the SEC-recorded offer prices in naira (bid where no offer is published). The Dollar Fund's four-week change is not shown because the SEC priced it on a different basis in the two workbooks; check Guaranty Trust Fund Managers for its dollar unit price.
Model any other Guaranty Trust fund
The Equity Income, Balanced, Fixed Income and Dollar funds do not have a fixed yield, so pick the matching category below and enter the expected annual return from the fund's latest fact sheet in the custom rate field. The SEC table tells you the fund's size and recent price move; it does not forecast a return.
Lump Sum Calculator
12-month change in unit price of 17 naira equity funds (₦1bn+), 10 Oct 2025 to 9 Oct 2026. Source: SEC weekly NAV tables. Excludes any distributions paid out. Past returns, not a forecast.
Historical total return: not available — the SEC publishes unit prices, not distributions.
Projection at your assumption
In the last 12 months these funds' prices changed by between 5.2% and 84.3%; that year was unusually strong. Past returns are not a forecast, and outcomes can be far lower, including a loss.
Risk profile — Mutual Fund
Risk depends entirely on the fund’s mandate — a money market fund and an equity fund are not comparable. Returns are not guaranteed, past performance does not predict future performance, and the value of your units can fall as well as rise. Funds are SEC-regulated but not government-guaranteed or NDIC-insured.
| Risk type | Assessment | Why |
|---|---|---|
| Credit / default risk | Varies | Depends on what the fund holds — sovereign bonds, corporate debt or equities. |
| Inflation risk | Present | Nominal returns can trail CPI, particularly in fixed-income mandates. |
| Interest-rate / market-price risk | Present | Bond and balanced funds fall in value when yields rise; equity funds carry full market risk. |
| Liquidity risk | Low to moderate | Redemption is usually T+3 to T+5, and some funds apply an early-exit fee. |
| Reinvestment risk | Present | Distributions are reinvested at prevailing market levels, not at your original yield. |
These are CheckInvestNg’s own qualitative assessments for retail investors, not credit ratings from a rating agency and not personalised investment advice. Risk levels can change with market conditions.
Where these rates come from
Every rate on this page is traceable to a named official or published source. Rates can change between updates — always confirm the binding figure with the issuer or your provider before investing.
Money market fund yields — SEC weekly NAV table (49 funds)
- Source organisation
- Securities and Exchange Commission (SEC), Nigeria
- Source document
- Net Asset Value and Unit Price of Collective Investment Schemes, week ended 9 Oct 2026 — "Yield (WTD)" column, MONEY MARKET FUNDS section
- Source published
- Week ended 9 Oct 2026
- Last verified
- Imported from the SEC workbook 22 Oct 2026
- Update method
- Workbook downloaded by hand from sec.gov.ng and parsed by scripts/import-sec-nav.mjs — no machine feed. Yields are as reported by each fund manager to the SEC; they change daily and are not guaranteed
- Next expected update
- Next SEC weekly NAV workbook
Bank fixed deposit rates — CBN-reported weekly averages
- Source organisation
- Central Bank of Nigeria (CBN), Banking Supervision Department
- Source document
- Deposit and Lending Rates in the Banking Industry, week ended 3 Jul 2026 (ref. BSD/DIR/GEN/DLR/007/001)
- Source published
- Week ended 3 Jul 2026
- Last verified
- Manually transcribed 4 Sept 2026
- Update method
- Manually transcribed from the CBN weekly PDF — no machine feed. Figures are each bank’s average across all tenors, not a tenor-specific quote
- Next expected update
- Next CBN weekly table
Original publication: SEC Nigeria — Weekly Net Asset Value for Collective Investment Schemes (workbook for 9 Oct 2026). GTBank, Guaranty Trust and the fund names are trademarks of their owners, used here to identify the funds. See also all 49 money market funds ranked, the Stanbic IBTC, ARM and United Capital mutual funds calculators, and GTBank fixed deposit rates.
Frequently asked questions
What is the GTBank (Guaranty Trust) Money Market Fund interest rate in 2026?
The Guaranty Trust Money Market Fund reported a yield of 16.88% to the SEC for the week ended 9 October 2026, −1.14 pp against 18.02% on 11 Sept 2026. That is rank 26 of 49 money market funds by yield; the NAV-weighted average was 16.85% and the highest reported was 21.31%. It is a floating yield, not a fixed interest rate: it moves with treasury bill and commercial paper rates and is not guaranteed.
What is the GT Investment Fund 724?
The Guaranty Trust Investment Fund 724 is a second money market fund from Guaranty Trust Fund Managers, sold through GTBank's *724 banking channel. It reported 14.86% to the SEC for the week ended 9 Oct 2026 (+2.00 pp over four weeks), with ₦7.3bn in net assets and 30,668 unitholders, against 16.88% and ₦687.6bn for the main Money Market Fund. Both hold the same kind of short-dated instruments at a ₦100 unit price.
How much will ₦1,000,000 earn in the Guaranty Trust Money Market Fund?
At 16.88%, ₦1,000,000 earns about ₦13,083 in one month and ₦168,800 over a year with returns reinvested, before the 10% withholding tax CheckInvestNg assumes on distributions (about ₦11,775 and ₦151,920 net; whether that tax applies to money market funds is an unresolved interpretation question under the Nigeria Tax Act 2025). Use the calculator above for your own amount and duration, or switch it to "Earn ₦X/Month" to work backwards from a target income.
GTBank fixed deposit or the GT Money Market Fund — which pays more?
In the CBN's weekly deposit rates table for 3 Jul 2026, GTBank's average time deposit rate was 8.00%, against 16.88% reported by the Guaranty Trust Money Market Fund for the week ended 9 Oct 2026. They are different products: the fixed deposit is a bank liability covered by NDIC insurance with a rate fixed for the tenor, while the money market fund is an SEC-regulated investment whose yield floats weekly and which you can usually exit in a day or two. The deposit pays 10% withholding tax on interest; CheckInvestNg assumes the same for the fund, though whether it applies to money market fund distributions is an unresolved interpretation question. Compare your own quote on the GTBank fixed deposit page linked above.
Is the Guaranty Trust Money Market Fund safe, and is it the same as GTBank?
The fund is managed by Guaranty Trust Fund Managers, the asset management subsidiary of Guaranty Trust Holding Company (GTCO), which is also GTBank's parent, so it is a sister company of the bank rather than the bank itself. It is regulated by the Securities and Exchange Commission and invests in low-risk instruments such as treasury bills, commercial paper and bank placements, with the unit price held at ₦100. At ₦687.6bn and 77,860 unitholders it is number 3 by size, about 10% of all money market fund assets. It is not a bank deposit and is not covered by NDIC insurance, and the yield floats with market rates.
Which Guaranty Trust funds are there, and how big are they?
The SEC table lists 6 Guaranty Trust Fund Managers funds with ₦902.3bn in combined net assets and about 161,384 unitholders: Money Market Fund (₦687.6bn), Dollar Fund (₦158.7bn), Equity Income Fund (₦20bn), Fixed Income Fund (₦14.8bn), Balanced Fund (₦13.9bn), Investment Fund 724 (₦7.3bn). The full table on this page shows each fund's unit price, four-week change, size and unitholders.
How do I calculate Guaranty Trust Equity Income, Balanced or Fixed Income Fund returns?
None of these has a fixed yield: the return is the change in unit price plus any distributions. In the SEC table for the week ended 9 Oct 2026 the Equity Income Fund was ₦5.67 a unit (+0.66% since 11 Sept 2026) and the Balanced Fund ₦8.16 (+0.82%). The Fixed Income Fund is held at ₦1 a unit in the SEC table, so its return shows up as distributions rather than a price move. To project any of them, use the mutual fund calculator below in the matching category and enter the expected annual return from the fund's latest fact sheet.
Where do these figures come from, and is CheckInvestNg affiliated with GTBank or Guaranty Trust?
CheckInvestNg is independent and not affiliated with Guaranty Trust Fund Managers, GTBank or GTCO. Every figure on this page is taken from the Securities and Exchange Commission's weekly "Net Asset Value and Unit Price" table for the week ended 9 October 2026, with four-week changes against the table for 11 Sept 2026, and the fixed deposit comparison from the CBN's weekly deposit rates table. Minimum investments, fees and redemption terms are set out by Guaranty Trust Fund Managers in each fund's prospectus and on its own website and the GTBank app.