Mutual Funds are investment units that combine funds from several investors and capitalize the funds gotten in varied portfolio securities which include equities, stocks, bonds, money market instruments, and similar assets. The best ten mutual funds to invest in 2022 are listed below:
Axis Bluechip Fund
Afrinvest equity fund
Axis Midcap Fund
Axis Small Cap Fund
Kotak Emerging Equity Fund
Mirae Asset Hybrid Equity Fund
Mirae Asset Large Cap Fund
Parag Parikh Long Term Equity Fund
SBI Equity Hybrid Fund
UTI Flexi Cap Fund
According to statistical records and other numerical facts, in the month of January, the best presentable mutual funds in Nigeria were analyzed.
It was noted that the market logged about -0.02% in the rate of returns (ROI), made several research was carried out based on the best mutual funds to invest in the fiscal year like 2022.
This article will present a list of the best mutual funds in Nigeria to invest in 2022 and extensively explain the result surrounding the industry net asset value (NAV) has gowned by about N13.21 billion in the previous year under observation by the researchers on the weekly data gotten from the Securities and Exchange Commission (SEC).
A careful look at brief look at the numerical data reveals that about less than 50.1% of the best mutual funds to invest in 2022 had about 134 funds recorded and emerged with incremental growth in January 2022.
According to the numerical gathered by the Securities and Exchange Commission, the business’s net asset value has grown over time from N 1.41 trillion logged as of 31st December 2021 to about N1.42 trillion by the end of the month of January 2022. This portrays about a 0.9% marginal monthly increase in this yearly analysis.
This unique growth in the industry’s asset value is ascribable to the N 21.64 billion rises in the net asset value of money market funds to stand at N 569.55 billion as of 28th January 2021, which is N 21.64 billion greater than N 547.91 billion logged as of the end of the preceding month.
Also, on the contrary, the net asset worth of dollar funds with respect to the Eurobond logged the largest fall in the era under observation as it declined by about N 10.93 billion between a short period of 31st December 2021, and last January still the fiscal year under observation.
These numerical data followed the functioning of mutual funds by computing the initial percentage change between the further value and the upcoming value for instance the prices of 31st December 2021 and the price of early January 2022, the marginal value is used for comparison.
According to modeled statistics, on 31st December 2021, the Fund Price was rated at N 1.25, and on 28th January 2022, the Fund Price was rated at N 1.30, the initial returns will be rated at about 4.1%.
Another instance is Coronation Balanced Fund which is a mutual fund that was mainly used in 2021 for Coronation Asset Management.
The Coronation Balanced Fund is a varied fund that aspires to attain capital approval over time. This could also be used in justifying instability in asset-related or even connected with investment in Equities through an expanded portfolio that involves Fixed Income Securities. Such Fixed Income Securities properly used include Treasury Bills and Other Money Market associated Securities.
According to statistical data gotten from Coronation Asset Management, the asset distribution varies depending on the assets.
When it is associated with funds, it is basically 50%, if it is associated with equities, it is 70%, ranges between 10% to 40% for treasury bills, about 0% to 20% in bonds, maintains 10% to 40% in commercial papers, banker’s acceptance and other money market instruments associated in mutual funds investment.
In conclusion, mutual Funds are managed by experts and specialists or fund managers, who invest the money and make effort to generate extra capital or profit for the esteeming investors.