Vantage Dollar Fund grew by 11.33% to stand at N502.9 as of 29th of January 2021 while the net asset value also grew by 10.93%. All we need to know about what are best debt mutual funds Things to consider as an investor before investing in best debt mutual funds to grow your wealth. The Fund seeks to provide investors with a bias for Dollar denominated securities an access to such securities, which ordinarily would be inaccessible to them by virtue of the minimum amount typically required to make such investments.Д¬ommentary: This is the best performing mutual fund in the month of January 2021 and the only fund with a double-figure yield in the month under review. Vantage Dollar Fund is an open-ended Unit Trust Scheme by Investment One Funds. Vantage Dollar Fund вЂ“ Investment One Funds Management (Fixed Income Fund) The fund aims to provide an investment vehicle that will enable unit holders to achieve consistent capital appreciation over a medium-to-long term.Д¬ommentary: This is an Equity Based Fund managed by Chapel Hill Denham Management, which grew by 7.93% in the month of January 2021 to stand at N17.56 as of 29th of January 2021, while the net asset value grew by 8.22% to stand at N598.19 million. Paramount Equity Fund is NigeriaвЂ™s oldest mutual fund, which invests in a broad range of high-quality equities and fixed income securities. Paramount Equity Fund вЂ“ Chapel Hill Denham Mgt. The net asset value grew by 18.41% to close at N1.002 billion.

Meanwhile, the minimum amount required to invest in the fund is $1,000.Д¬ommentary: The fixed income fund managed by FSDH Asset Management, recorded growth of 7.85% in January from N415.1 recorded as of the end of 2020 to stand at N447.7 at the end of January. The objective of the fund is to provide customers with the opportunity to invest in dollar-denominated instruments. This is an open-ended mutual fund that invests in US Dollar denominated Fixed Income Securities issued by Nigerian Sovereign and Corporate Entities. READ: DV Balanced Fund to become a Money Market FundДЇSDH Dollar Fund вЂ“ FSDH Asset Management Ltd. The net asset value also grew by 7.43% to close at N340.8 million. It is also possible to purchase funds directly on the stock exchange.Commentary: Stanbic IBTC Aggressive Fund is the second-best performing Equity-Based fund in the month of January, growing by 7.46% to stand at N2,713.93 as of 29th of January, 2021. A custodian account is a necessary prerequisite. These are credit institutions which exist primarily to manage third-party assets in one or more funds the management role must be performed by an independent custodian bank.ДЄmong others, shares in a fund can be purchased from branch banks and direct banks. In contrast, closed end funds are shareholding investments with a limited term the shares cannot be returned or increased further after the capital investment has been made.ДЇunds are established exclusively by investment companies, also known as capital investment companies. Shares in open end funds can be purchased at any time and can also be returned to the issuer. Index funds are based on an index and reflect its development as exactly as possible.ДЄ distinction is also drawn between open end and closed end funds. There are also guarantee funds which guarantee either the repayment of the investment capital originally paid in ex agio or a defined percentage thereof at the end of a fixed term. Investors can also participate in the commodity market by investing in commodity funds. A fund of funds invests in different individual funds. This enables the fund manager to respond extremely flexibly to the respective market situation. Mixed funds can consist of various elements, such as bonds and shares. Property funds use at least 51 per cent of the money invested to buy property, such as land and heritable building rights. Money market funds invest capital in securities with extremely short terms and are seen as an alternative to fixed term deposits. Bond funds are based on fixed interest securities.

Explore funds with higher returns from leading AMCs & fund categories - debt, liquid, ELSS. Equity funds invest money primarily in shares and therefore offer greater chances of profit than bond funds but also higher risks. Invest in best mutual fund schemes of 2021 & rated by top credit rating companies.

Top 25 best performing mutual funds