Returns, fees, and risk side-by-side. Listed alphabetically by default — no “best” framing, no paid ranking, and no kickbacks. Search, filter, and sort when you're ready to look harder.
30-YEAR FEE DRAG · STARTING $50K
The difference between the lowest-fee growth fund (0.24%, Simplicity NZ Limited) and the average growth fund (0.79%) over 30 years of compounding on a $50,000 starting balance.
38 funds
AMP Wealth Management New Zealand Limited
KEY FACTS
Aggressive fund from AMP. 0.79% annual fee plus a $23.40/yr member fee. High growth-asset allocation; AMP applies ethical exclusions across all funds.
0.79% p.a. estimated total fund charge plus a $23.40/yr member fee (per investor).
Returns & fund data: www.amp.co.nz · Last updated 2026-03-31
ANZ New Zealand Investments Limited
KEY FACTS
Balanced fund from ANZ (RIAA-certified). 0.89% annual fee, no member fee. ~50% growth assets.
Returns & fund data: www.anz.co.nz · Last updated 2026-03-31
ANZ New Zealand Investments Limited
KEY FACTS
Cash (defensive) fund from ANZ, NZ’s largest KiwiSaver provider. 0.25% annual fee, no member fee. 100% cash.
Returns & fund data: www.anz.co.nz · Last updated 2026-03-31
ANZ New Zealand Investments Limited
KEY FACTS
Conservative fund from ANZ (RIAA-certified). 0.63% annual fee, no member fee. ~20% growth assets.
Returns & fund data: www.anz.co.nz · Last updated 2026-03-31
ANZ New Zealand Investments Limited
KEY FACTS
Growth fund from ANZ (RIAA-certified). 0.98% annual fee, no member fee. ~78% growth assets.
Returns & fund data: www.anz.co.nz · Last updated 2026-03-31
ASB Group Investments Limited
KEY FACTS
Balanced index-based fund from ASB (RIAA-certified). 0.65% annual fee plus a $30/yr member fee. ~58% growth assets.
0.65% p.a. management fee plus a $30/yr ($2.50/month) member fee.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-03-31
ASB Group Investments Limited
KEY FACTS
Conservative index-based fund from ASB (RIAA-certified). 0.40% annual fee plus a $30/yr member fee. ~20% growth assets.
0.40% p.a. management fee plus a $30/yr ($2.50/month) member fee.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-03-31
ASB Group Investments Limited
KEY FACTS
Growth index-based fund from ASB (RIAA-certified). 0.70% annual fee plus a $30/yr member fee. ~78% growth assets.
0.70% p.a. management fee plus a $30/yr ($2.50/month) member fee.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-03-31
BNZ Investment Services Limited
KEY FACTS
Balanced fund from BNZ (excludes tobacco, controversial weapons, fossil fuels). 0.58% annual fee plus an $18/yr member fee. ~60% growth assets.
0.58% p.a. management fee plus an $18/yr member fee.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-03-31
BNZ Investment Services Limited
KEY FACTS
Growth fund from BNZ (excludes tobacco, controversial weapons, fossil fuels). 0.58% annual fee plus an $18/yr member fee. ~80% growth assets.
0.58% p.a. management fee plus an $18/yr member fee.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-03-31
Booster Investment Management Limited
KEY FACTS
Enhanced Cash (defensive) fund from Booster. 0.75% annual fee plus a $36/yr member fee. 100% cash.
0.75% p.a. annual fund charge plus a $36/yr ($3/month) member fee on balances over $500.
Returns & fund data: www.booster.co.nz · Last updated 2026-03-31
Booster Investment Management Limited
KEY FACTS
High Growth fund from Booster. 1.34% annual fee plus a $36/yr member fee. ~95% growth assets.
1.34% p.a. annual fund charge plus a $36/yr ($3/month) member fee on balances over $500.
Returns & fund data: www.booster.co.nz · Last updated 2026-03-31
BT Funds Management (NZ) Limited
KEY FACTS
Balanced fund from Westpac (BT Funds), RIAA-certified. 0.50% annual fee, no member fee. ~60% growth assets.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-03-31
BT Funds Management (NZ) Limited
KEY FACTS
Cash (defensive) fund from Westpac (BT Funds). 0.25% annual fee, no member fee. 100% cash.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-03-31
BT Funds Management (NZ) Limited
KEY FACTS
Growth fund from Westpac (BT Funds), RIAA-certified. 0.55% annual fee, no member fee. ~80% growth assets.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-03-31
Fisher Funds Management Limited
KEY FACTS
Conservative allocation (open Fisher Funds KiwiSaver Plan fund). 0.85% annual fee. 5-year return 2.5% p.a. (to 31 Mar 2026). Diversified conservative mix.
Fee reduced to 0.85% on 2 Jun 2026.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-06-08
Fisher Funds Management Limited
KEY FACTS
Default KiwiSaver fund. Balanced allocation (51% equities, 36% fixed income/cash). 0.37% annual fee. Launched December 2021. 72,624 members.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-06-08
Fisher Funds Management Limited
KEY FACTS
Actively managed growth fund. Launched October 2007. $3.0B fund size, 69,236 members. 1.13% annual fee. 5-year return 4.1% p.a. (to 31 Mar 2026). 74% equities, 15% fixed income, 5% property, 7% cash.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-06-08
FundRock NZ Limited
KEY FACTS
Ultra-low-fee index fund from InvestNow (Foundation Series). 0.37% annual fee, no member fee. ~98% growth assets. Launched March 2025, so no multi-year track record yet.
0.37% p.a. total annual fund charge (no scheme admin fee, no entry/exit fees). No performance fee.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-03-31
Generate Investment Management
KEY FACTS
Age-based lifecycle fund. Allocation automatically shifts toward conservative as member approaches 65. 1.39% annual fee. 5-year return 7.0% p.a. (to 31 Mar 2026). 90% equities for members under 35.
Includes a $36/year fixed member fee — the effective % is higher on smaller balances.
Returns & fund data: sorted.org.nz · Last updated 2026-06-08
Kernel Wealth Limited
KEY FACTS
Balanced index-based fund from Kernel. 0.25% annual fee, no member fee. ~60% growth assets. Launched November 2022.
Returns & fund data: kernelwealth.co.nz · Last updated 2026-05-31
Kernel Wealth Limited
KEY FACTS
Cash Plus (defensive) fund from Kernel — short-term NZ fixed income and cash. 0.25% annual fee, no member fee. Launched November 2022.
Returns & fund data: kernelwealth.co.nz · Last updated 2026-05-31
Kernel Wealth Limited
KEY FACTS
Index-based aggressive fund. 0.25% annual fee. Launched April 2022. No 5-year track record available. 97% equities allocation (72% international, 25% NZ). No fixed income.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-06-08
MAS
KEY FACTS
Originally for medical professionals, now open to all. 0.99% annual fee. 5-year return 6.7% p.a. (to 31 Mar 2026). 94% equities allocation (74% international, 20% NZ), 6% cash.
Returns & fund data: sorted.org.nz · Last updated 2026-06-08
Mercer (N.Z.) Limited
KEY FACTS
Responsible (RIAA-certified) Balanced fund from Mercer — the scheme’s default fund. 0.74% annual fee. ~60% growth assets.
0.74% p.a. total annual fund charge, which includes a small performance-fee component (≈0.01% p.a.).
Returns & fund data: www.mercer.com · Last updated 2026-03-31
Mercer (N.Z.) Limited
KEY FACTS
Responsible (RIAA-certified) Conservative fund from Mercer. 0.49% annual fee. ~20% growth assets.
0.49% p.a. total annual fund charge. No performance fee on this fund.
Returns & fund data: www.mercer.com · Last updated 2026-03-31
Mercer (N.Z.) Limited
KEY FACTS
Responsible (RIAA-certified) Growth fund from Mercer. 0.83% annual fee. ~80% growth assets.
0.83% p.a. total annual fund charge, which includes a small performance-fee component (≈0.01% p.a.).
Returns & fund data: www.mercer.com · Last updated 2026-03-31
Mercer (N.Z.) Limited
KEY FACTS
Responsible (RIAA-certified) High Growth fund from Mercer. 0.87% annual fee. ~90% growth assets.
0.87% p.a. total annual fund charge, which includes a small performance-fee component (≈0.01% p.a.).
Returns & fund data: www.mercer.com · Last updated 2026-03-31
Mercer (N.Z.) Limited
KEY FACTS
Responsible (RIAA-certified) Moderate fund from Mercer. 0.66% annual fee. ~36% growth assets.
0.66% p.a. total annual fund charge, which includes a small performance-fee component (≈0.01% p.a.).
Returns & fund data: www.mercer.com · Last updated 2026-03-31
Milford Funds Limited
KEY FACTS
Actively managed growth fund. $8.5B fund size, 98,975 members. Launched April 2010. 1.05% annual fee. 5-year return 7.6% p.a. (to 31 Mar 2026). 71% equities, 20% fixed income, 9% property.
Base fee 1.05%. A 15% performance fee applies to returns above the 10% p.a. benchmark (high-water mark) — Milford's estimated all-in fee is 1.25%.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-06-08
Pie Funds Management Limited
KEY FACTS
Actively-managed Balanced fund from Pie (the scheme formerly known as JUNO). 0.86% annual fee, no member fee.
0.86% p.a. (effective 1 May 2025 — Pie replaced JUNO’s flat monthly dollar fee with percentage fees). Free for members under 13.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-03-31
Pie Funds Management Limited
KEY FACTS
Actively-managed Growth fund from Pie (formerly JUNO). 0.98% annual fee, no member fee.
0.98% p.a. (effective 1 May 2025 — Pie replaced JUNO’s flat monthly dollar fee with percentage fees). Free for members under 13.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-03-31
Simplicity NZ Limited
KEY FACTS
Member-owned structure. Donates 15% of management fees to charity. 0.24% annual fee (7th fee cut, effective Sep 2025). Launched April 2023. Includes 6.5% unlisted property via Simplicity Living. Default KiwiSaver provider. 28,792 members.
Returns & fund data: smartinvestor.sorted.org.nz · Last updated 2026-06-08
Smartshares Limited
KEY FACTS
Balanced index-based fund from SuperLife (NZX/Smartshares). 0.60% annual fee plus a $30/yr member fee. ~60% growth assets.
0.60% p.a. management fee plus a $30/yr member fee (per investor).
Returns & fund data: www.superlife.co.nz · Last updated 2026-03-31
Smartshares Limited
KEY FACTS
Conservative index-based fund from SuperLife (NZX/Smartshares). 0.57% annual fee plus a $30/yr member fee. ~30% growth assets.
0.57% p.a. management fee plus a $30/yr member fee (per investor).
Returns & fund data: www.superlife.co.nz · Last updated 2026-03-31
Smartshares Limited
KEY FACTS
Growth index-based fund from SuperLife (NZX/Smartshares). 0.61% annual fee plus a $30/yr member fee. ~80% growth assets.
0.61% p.a. management fee plus a $30/yr member fee (per investor).
Returns & fund data: www.superlife.co.nz · Last updated 2026-03-31
Smartshares Limited
KEY FACTS
High Growth index-based fund from SuperLife (NZX/Smartshares). 0.63% annual fee plus a $30/yr member fee. ~95% growth assets.
0.63% p.a. management fee plus a $30/yr member fee (per investor).
Returns & fund data: www.superlife.co.nz · Last updated 2026-03-31
Smartshares Limited
KEY FACTS
Income (defensive) fund from SuperLife (NZX/Smartshares). 0.56% annual fee plus a $30/yr member fee. Predominantly fixed income and cash.
0.56% p.a. management fee plus a $30/yr member fee (per investor).
Returns & fund data: www.superlife.co.nz · Last updated 2026-03-31
Past performance is not a guarantee of future returns. Fees, asset allocation, and management can change. Fees shown are each fund's current published (headline) annual fee from the provider's own fees page (as at June 2026) — some funds also carry performance or fixed-dollar fees, noted on the fund. Returns, risk, and fund size come from each fund's Sorted / Disclose profile, linked per fund — check the linked pages for the most current details before making any decisions. For advice tailored to your situation, see a licensed financial adviser.