United Capital Money Market Fund Rate & Mutual Funds Calculator
Model the United Capital Money Market Fund at the yield it reported in the latest SEC weekly table, then see every United Capital Asset Management fund the SEC lists — 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 United Capital.
17.31%
rank 22 of 49 by yield · +1.16 pp in 4 weeks
₦276.7bn
#5 by size · 4% of all MMF assets
₦301.9bn
6,064 unitholders · Global Fixed Income + Nigerian Eurobond
₦778.3bn
138,125 unitholders
United Capital Money Market Fund calculator
Preloaded with the United Capital 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.
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Money Market Fund Calculator
Calculate your projected returns from Nigerian money market funds
₦1,155,790.00
₦155,790.00
₦12,982.50
17.31%
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
17.31% MMF vs 4% savings account over 12 months — both before tax
Over 12 months, the MMF earns you ₦133,100.00 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 10 United Capital funds in the SEC table
Largest first. Only the money market fund has 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 ₦1; returns are paid as yield. | Money market | ₦1.00 | 17.31% yield | ₦276.7bn | 100,000 |
Global Fixed Income Fund US-dollar fixed income. The unit price is shown in naira, so it moves with the exchange rate as well as the fund. | Dollar fixed income | ₦1,645.07 | +1.52% | ₦168.1bn | 1,305 |
Nigerian Eurobond Fund Nigerian sovereign and corporate Eurobonds in US dollars; naira unit price moves with the exchange rate. | Dollar fixed income | ₦163,795.95 | +0.56% | ₦133.8bn | 4,759 |
Fixed Income Fund FGN and corporate bonds. | Bond / fixed income | ₦1.92 | +0.65% | ₦74.9bn | 7,388 |
Stable Income Fund Fixed income aimed at steady income with a moving unit price. | Fixed income | ₦132.79 | +1.55% | ₦50.4bn | 2,124 |
Balanced Fund A mix of equities and fixed income. | Balanced | ₦2.95 | +2.10% | ₦49.2bn | 4,852 |
Equity Fund Nigerian listed equities. | Equity | ₦2.49 | +2.39% | ₦15.2bn | 11,848 |
Wealth for Women Fund A balanced fund marketed to women investors; a mix of equities and fixed income. | Balanced | ₦2.28 | +2.04% | ₦5.6bn | 3,221 |
Sukuk Fund Sukuk and other Shari'ah-compliant fixed income. | Shari'ah fixed income | ₦1.19 | +0.84% | ₦3.9bn | 2,548 |
Children Investment Fund A balanced fund marketed for saving on behalf of children. | Balanced (children) | ₦1.52 | +2.56% | ₦613.6m | 80 |
Unit prices are the SEC-recorded offer prices in naira (bid where no offer is published). Dollar-denominated funds are shown at their naira unit price, so their four-week change includes the move in the exchange rate.
Model any other United Capital fund
Equity, bond, balanced, Eurobond and Sukuk 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
Original publication: SEC Nigeria — Weekly Net Asset Value for Collective Investment Schemes (workbook for 9 Oct 2026). United Capital 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 Guaranty Trust mutual funds calculators, and the dollar fund calculator.
Frequently asked questions
What is the United Capital Money Market Fund interest rate in 2026?
The United Capital Money Market Fund reported a yield of 17.31% to the SEC for the week ended 9 October 2026, +1.16 pp against 16.15% on 11 Sept 2026. That is rank 22 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.
How much will ₦1,000,000 earn in the United Capital Money Market Fund?
At 17.31%, ₦1,000,000 earns about ₦13,393 in one month and ₦173,100 over a year with returns reinvested, before the 10% withholding tax CheckInvestNg assumes on distributions (about ₦12,054 and ₦155,790 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.
Is the United Capital Money Market Fund safe?
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 ₦1. It is one of the larger money market funds in Nigeria at ₦276.7bn and 100,000 unitholders (number 5 by size, about 4% 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 United Capital funds are there, and how big are they?
The SEC table lists 10 retail United Capital Asset Management funds with ₦778.3bn in combined net assets and about 138,125 unitholders: Money Market Fund (₦276.7bn), Global Fixed Income Fund (₦168.1bn), Nigerian Eurobond Fund (₦133.8bn), Fixed Income Fund (₦74.9bn), Stable Income Fund (₦50.4bn) and 5 smaller funds. The full table on this page shows each fund's unit price, four-week change, size and unitholders.
What are the United Capital dollar funds?
Two of United Capital's funds are US-dollar denominated: the Global Fixed Income Fund (₦168.1bn, 1,305 unitholders) and the Nigerian Eurobond Fund (₦133.8bn, 4,759 unitholders), together ₦301.9bn. The SEC records their unit prices in naira, so the four-week changes on this page (+1.52% and +0.56%) include the move in the exchange rate as well as the funds' own returns. For a dollar-only view, use our dollar fund calculator.
How do I calculate United Capital Equity, Balanced or Wealth for Women 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 Fund was ₦2.49 a unit (+2.39% since 11 Sept 2026), the Balanced Fund ₦2.95 (+2.10%) and the Wealth for Women Fund ₦2.28 (+2.04%). To project any of them, use the mutual fund calculator below in the Equity or Balanced category and enter the expected annual return from the fund's latest fact sheet.
What is the difference between the United Capital Money Market Fund and the Sukuk Fund?
The Money Market Fund holds short-dated conventional instruments, keeps a stable ₦1 unit price and pays its return as a yield (17.31%). The Sukuk Fund is Shari'ah-compliant, holding sukuk rather than interest-bearing paper, so its unit price moves (₦1.19, +0.84% over four weeks) and it can gain or lose value. The Sukuk Fund is ₦3.9bn against the Money Market Fund's ₦276.7bn.
Where do these figures come from, and is CheckInvestNg affiliated with United Capital?
CheckInvestNg is independent and not affiliated with United Capital Asset Management or United Capital Plc. 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. Minimum investments, fees and redemption terms are set out by United Capital in each fund's prospectus and on its own website and app.