General Information Only
This page displays publicly available fee data sorted from lowest to highest. This is not financial advice. If you need guidance, consult a licensed Financial Advice Provider.
KiwiSaver Scheme Fund Fee Comparison 2025
KiwiSaver scheme fund fee data sorted from lowest to highest. Data from FMA reports, updated October 2025.
About Fee Data
Fee data is publicly reported by fund managers to the FMA. Fees vary between funds and fund types. This page shows fee data sorted from lowest to highest.
Fee Illustration Example:
Illustrative — sample starting balance: $50,000 | Time horizon: 30 years | Hypothetical assumed return: 7%
Difference: $43,544
This is an illustrative example only. Actual returns will vary.
Note: This illustration uses assumed values for demonstration purposes. Actual investment outcomes depend on many factors. If you need advice on fund selection, consult a licensed Financial Advice Provider.
Fund Fee Data (Sorted Lowest to Highest)
Showing 50 funds sorted by annual fee. You may use this data for your own comparison.
| # | Fund Name | Provider | Fees | 5-Year Return | Fund Type | Risk |
|---|---|---|---|---|---|---|
| 1 | Balanced Fund | NZ Funds | 0.00% | 5.78% | Balanced | 4/7 |
| 2 | Investnow Foundation Series Hedged Us 500 Fund | Fundrock | 0.03% | N/A | Aggressive | 6/7 |
| 3 | Investnow Foundation Series Us 500 Fund | Fundrock | 0.03% | N/A | Aggressive | 5/7 |
| 4 | Investnow Foundation Series Total World Fund | Fundrock | 0.07% | N/A | Aggressive | 5/7 |
| 5 | Investnow Foundation Series Hedged Total World Fund | Fundrock | 0.07% | N/A | Aggressive | 5/7 |
| 6 | Sharesies Us500 Fund | Sharesies | 0.09% | N/A | Aggressive | 6/7 |
| 7 | Milford Kiwisaver Cash Fund | Milford | 0.20% | 2.63% | Defensive | 1/7 |
| 8 | Superlife Default Fund | Smartshares | 0.20% | N/A | Balanced | 4/7 |
| 9 | Cash Fund | ANZ | 0.22% | 2.32% | Defensive | 2/7 |
| 10 | Cash Fund | ANZ | 0.22% | 2.32% | Defensive | 2/7 |
| 11 | Default Fund | Simplicity | 0.24% | N/A | Balanced | 4/7 |
| 12 | Conservative Fund | Simplicity | 0.24% | 2.12% | Conservative | 3/7 |
| 13 | Defensive Fund | Simplicity | 0.24% | N/A | Defensive | 3/7 |
| 14 | High Growth Fund | Simplicity | 0.24% | N/A | Aggressive | 5/7 |
| 15 | Balanced Fund | Simplicity | 0.24% | 5.28% | Balanced | 4/7 |
| 16 | Growth Fund | Simplicity | 0.24% | 7.23% | Growth | 4/7 |
| 17 | Cash Fund | MAS | 0.25% | 2.33% | Defensive | 1/7 |
| 18 | Kernel High Growth Fund | Kernel | 0.25% | N/A | Aggressive | 5/7 |
| 19 | Kernel S&P 500 (Unhedged) Fund | Kernel | 0.25% | N/A | Aggressive | 6/7 |
| 20 | Kernel S&P Global Dividend Aristocrats Fund | Kernel | 0.25% | 9.63% | Aggressive | 5/7 |
| 21 | Kernel Cash Plus Fund | Kernel | 0.25% | N/A | Defensive | 1/7 |
| 22 | Kernel Balanced Fund | Kernel | 0.25% | N/A | Balanced | 4/7 |
| 23 | Kernel Nz Small & Mid Cap Opportunities Fund | Kernel | 0.25% | -1.93% | Aggressive | 5/7 |
| 24 | Kernel Nz Commercial Property Fund | Kernel | 0.25% | -2.75% | Aggressive | 5/7 |
| 25 | Kernel Global Esg (Nzd Hedged) Fund | Kernel | 0.25% | N/A | Aggressive | 6/7 |
| 26 | Kernel Global Property (Nzd Hedged) Fund | Kernel | 0.25% | N/A | Aggressive | 6/7 |
| 27 | Kernel Nz 20 Fund | Kernel | 0.25% | N/A | Aggressive | 5/7 |
| 28 | Cash Fund | Westpac | 0.25% | 2.38% | Defensive | 2/7 |
| 29 | Kernel Nz 50 Esg Tilted Fund | Kernel | 0.25% | N/A | Aggressive | 5/7 |
| 30 | Kernel Us Bond Fund | Kernel | 0.30% | N/A | Defensive | 4/7 |
| 31 | BNZ Kiwisaver Cash Fund | BNZ | 0.30% | 2.62% | Defensive | 2/7 |
| 32 | Cash Fund | Mercer | 0.32% | 2.16% | Defensive | 2/7 |
| 33 | Conservative Fund | SuperEasy | 0.32% | 2.27% | Conservative | 3/7 |
| 34 | Growth Fund | SuperEasy | 0.32% | 4.83% | Growth | 4/7 |
| 35 | Aggressive Fund | SuperEasy | 0.32% | 7.51% | Growth | 4/7 |
| 36 | Balanced Fund | SuperEasy | 0.32% | 3.96% | Balanced | 4/7 |
| 37 | New Zealand Fixed Interest Fund | ANZ | 0.34% | 0.15% | Defensive | 3/7 |
| 38 | Investnow Macquarie Nz Cash Fund | Fundrock | 0.34% | 2.58% | Defensive | 2/7 |
| 39 | Default Saver Fund | Booster | 0.35% | N/A | Balanced | 4/7 |
| 40 | Nz Cash Fund | ASB | 0.35% | 2.18% | Defensive | 2/7 |
| 41 | BNZ Kiwisaver Default Fund | BNZ | 0.35% | N/A | Balanced | 4/7 |
| 42 | Investnow Mercer Nz Shares Passive Fund | Fundrock | 0.36% | N/A | Aggressive | 5/7 |
| 43 | Default Fund | Fisher | 0.36% | N/A | Balanced | 4/7 |
| 44 | Investnow Foundation Series Balanced Fund | Fundrock | 0.36% | 4.77% | Balanced | 4/7 |
| 45 | Investnow Foundation Series Growth Fund | Fundrock | 0.38% | N/A | Growth | 4/7 |
| 46 | Defensive Conservative Fund | Westpac | 0.40% | 2.57% | Conservative | 3/7 |
| 47 | Conservative Fund | ASB | 0.40% | 2.33% | Conservative | 3/7 |
| 48 | Default Balanced Fund | Westpac | 0.40% | N/A | Balanced | 4/7 |
| 49 | Kernel Nz Bond Fund | Kernel | 0.40% | N/A | Defensive | 3/7 |
| 50 | Conservative Fund | Westpac | 0.40% | 2.72% | Conservative | 3/7 |
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View Comparison ToolData source: FMA KiwiSaver Quarterly Reports, provider Product Disclosure Statements. Last updated: May 2026.
Disclaimer: Past performance does not guarantee future results. This is not financial advice. Consult a licensed financial adviser before making investment decisions.
