Balanced KiwiSaver scheme funds by provider

In our FMA-Disclose-sourced dataset, 32 KiwiSaver schemes offer at least one Balanced fund — totalling 77 Balanced fund options across all providers. Some larger schemes (Booster, SuperLife, Fisher Funds) offer multiple Balanced fund variants.

Balanced funds split roughly 50/50 between growth assets (shares, property) and defensive assets (bonds, cash). Moderate expected return, moderate volatility. Default fund type for KiwiSaver since December 2021. The standard FMA risk indicator is 3–4/7. Typically considered by investors with a 10+ years time horizon.

Across the Balanced funds in our snapshot the average 5-year annualised return is around 5.1%, with an average annual fund charge of 0.91%. Past performance is not a reliable indicator of future returns. Each provider's exact figures sit in the table above.

Some investors consider time horizon, tolerance for short-term falls in value, contribution pattern, and whether a first-home withdrawal may be needed within the next 3–5 years. The standard FMA risk indicator for Balanced funds is 3–4/7. FundCompare does not make personal recommendations — a licensed financial adviser can give advice specific to an individual's situation.

If you want to switch funds within your current KiwiSaver scheme, log into your provider's portal — within-provider switches are usually instant and free. If you want to transfer to a different provider, complete a transfer form with the new provider — transfers between schemes take 10–15 business days. There's no penalty or tax consequence for either.