Conservative KiwiSaver scheme funds by provider
Every Conservative fund option across every NZ KiwiSaver scheme. Grouped by provider so you can compare Conservative fund variants within and across schemes.
General Information Only: This page provides factual data for comparison purposes and does not constitute financial advice. Individual circumstances vary.Read our disclosure
Conservative funds hold mostly defensive assets (bonds and cash, 65–90%) with a small growth-asset allocation. Lower volatility, lower long-term return.
Conservative fund options grouped by scheme
- Milford Conservative Fund7.2% 5-yr1.33% fee3/7 risk
- AMP Conservative Fund (Lifesteps)2.3% 5-yr0.84% fee3/7 risk
- AMP Conservative Fund2.3% 5-yr0.84% fee3/7 risk
- Global Select Conservative Fund1.9% 5-yr1.08% fee3/7 risk
- Conservative Fund2.0% 5-yr0.60% fee3/7 risk
- Conservative Fund2.0% 5-yr0.60% fee3/7 risk
- Conservative Fund2.3% 5-yr0.40% fee3/7 risk
- BNZ KiwiSaver First Home Buyer Fund2.6% 5-yr0.45% fee3/7 risk
- BNZ KiwiSaver Conservative Fund2.5% 5-yr0.45% fee3/7 risk
- Socially Responsible Moderate Fund2.8% 5-yr1.21% fee4/7 risk
- Capital Guaranteed Fund2.6% 5-yr1.03% fee2/7 risk
- Moderate Fund2.2% 5-yr1.08% fee3/7 risk
- Asset Class Conservative Fund0.9% 5-yr1.11% fee4/7 risk
- Default Conservative Fund3.3% 5-yr0.51% fee3/7 risk
- Conservative Fund2.5% 5-yr0.90% fee4/7 risk
- Glidepath Age 650.92% fee4/7 risk
- Glidepath Age 750.84% fee3/7 risk
- InvestNow Mint Diversified Income Fund1.4% 5-yr1.01% fee4/7 risk
- InvestNow Fisher Funds Conservative Fund0.93% fee3/7 risk
- InvestNow Milford Conservative Fund0.93% fee3/7 risk
- Stepping Stones 76+1.21% fee3/7 risk
- Stepping Stones Growth 76+1.21% fee3/7 risk
- Conservative Fund1.08% fee3/7 risk
- Stepping Stones 65-751.22% fee3/7 risk
- Conservative Strategy0.73% fee3/7 risk
- Conservative Portfolio3.5% 5-yr0.61% fee4/7 risk
- Conservative Fund2.4% 5-yr0.85% fee3/7 risk
- Responsible Conservative Fund2.4% 5-yr0.49% fee3/7 risk
- Conservative Fund2.0% 5-yr0.69% fee3/7 risk
- Milford KiwiSaver Moderate Fund3.8% 5-yr0.95% fee3/7 risk
- Milford KiwiSaver Conservative Fund2.8% 5-yr0.85% fee3/7 risk
- GoalsGetter Amova Conservative Fund2.5% 5-yr1.05% fee3/7 risk
- GoalsGetter Milford Conservative Fund1.05% fee3/7 risk
- Pathfinder KiwiSaver Conservative Fund2.7% 5-yr1.01% fee3/7 risk
- Pie KiwiSaver Conservative Fund2.2% 5-yr0.69% fee3/7 risk
- Lifestages Auto Option Age 65+2.5% 5-yr0.96% fee3/7 risk
- Sharesies Smartshares Conservative Fund0.47% fee3/7 risk
- Conservative Fund2.1% 5-yr0.24% fee3/7 risk
- Conservative Fund3.1% 5-yr0.57% fee3/7 risk
- QuayStreet Conservative Fund3.5% 5-yr0.86% fee3/7 risk
- SuperLife Conservative Fund2.5% 5-yr0.67% fee4/7 risk
- Summer Conservative2.5% 5-yr0.75% fee3/7 risk
- Automatic Fund (Age 80)2.7% 5-yr0.51% fee3/7 risk
- Conservative Fund2.3% 5-yr0.32% fee3/7 risk
- Conservative Fund2.7% 5-yr0.40% fee3/7 risk
- Defensive Conservative Fund2.6% 5-yr0.40% fee3/7 risk
Frequently asked questions
Which KiwiSaver schemes offer a Conservative fund?
In our FMA-Disclose-sourced dataset, 27 KiwiSaver schemes offer at least one Conservative fund — totalling 46 Conservative fund options across all providers. Some larger schemes (Booster, SuperLife, Fisher Funds) offer multiple Conservative fund variants.
What is a Conservative KiwiSaver scheme fund?
Conservative funds hold mostly defensive assets (bonds and cash, 65–90%) with a small growth-asset allocation. Lower volatility, lower long-term return. The standard FMA risk indicator is 2–3/7. Typically considered by investors with a 1–5 years time horizon.
What's the average return on Conservative KiwiSaver scheme funds?
Across the Conservative funds in our snapshot the average 5-year annualised return is around 2.6%, with an average annual fund charge of 0.80%. Past performance is not a reliable indicator of future returns. Each provider's exact figures sit in the table above.
What do investors typically consider when looking at a Conservative fund?
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 1–2 years. The standard FMA risk indicator for Conservative funds is 2–3/7. FundCompare does not make personal recommendations — a licensed financial adviser can give advice specific to an individual's situation.
How do I switch into or out of a Conservative fund?
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.
Want personalised KiwiSaver guidance?
Use our 60-second quiz to share your situation — we'll connect you with a licensed Financial Advice Provider from our partner network. Free, no obligation.
Prefer to browse yourself? Find a licensed financial adviser in the FinanceAdvisers.co.nz directory, or check the full register at fma.govt.nz.
Important Information
Disclaimer: This page provides general information only and does not constitute financial advice under the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider (FAP).
We do not assess suitability, make recommendations, or provide personalised advice. The information shown is sourced from publicly available data and may not reflect current offerings. Past performance is not a reliable indicator of future returns. Investment returns can be negative, and you may receive back less than you invested.
Before making any decisions: Always verify current information directly with the relevant KiwiSaver provider and read their Product Disclosure Statement (PDS).
Need personalised advice? Consult a licensed Financial Advice Provider. Find advisers at fma.govt.nz
Compare every fund on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
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The information provided on this website is not a recommendation to buy, sell, or hold any financial products. Nothing on this website constitutes financial advice for the purposes of the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider.
Investing involves risk. The value of your investment can go down as well as up, and you may get back less than you put in. Past performance is not a reliable indicator of future returns.
Before making any investment decision, you should read the Product Disclosure Statement (PDS) for the fund carefully. If you have questions or are unclear about the implications of your investment decision, you should seek advice from a licensed Financial Advice Provider.
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