Lowest-fee Conservative KiwiSaver scheme funds
46 Conservative KiwiSaver scheme funds in our coverage, with annual fees ranging from 0.24% to 1.33% (median 0.84%).
KiwiSaver scheme funds classified as Conservative (typically 20-40% growth assets).
General Information Only: This page provides factual data for comparison purposes and does not constitute financial advice. Individual circumstances vary.Read our disclosure
Ranked by annual fee (lowest first)
| # | Fund | Scheme | Annual fee | 1y return | 5y avg | Fund size |
|---|---|---|---|---|---|---|
| 1 | Conservative Fund | Simplicity | 0.24% | 5.31% | 2.12% | $207M |
| 2 | Conservative Fund | SuperEasy | 0.32% | 4.41% | 2.27% | $13M |
| 3 | Conservative Fund | Westpac | 0.40% | No 1-year return figure held for this fund. | 2.72% | $3160M |
| 4 | Defensive Conservative Fund | Westpac | 0.40% | No 1-year return figure held for this fund. | 2.57% | $257M |
| 5 | Conservative Fund | ASB | 0.40% | No 1-year return figure held for this fund. | 2.33% | $3704M |
| 6 | BNZ Kiwisaver Conservative Fund | BNZ | 0.45% | 5.24% | 2.49% | $929M |
| 7 | BNZ Kiwisaver First Home Buyer Fund | BNZ | 0.45% | 3.41% | 2.62% | $384M |
| 8 | Sharesies Smartshares Conservative Fund | Sharesies | 0.47% | 7.82% | No 5-year average return figure held. Recorded fund start date 25 January 2023 is less than five years before March 2026. | $28M |
| 9 | Responsible Conservative Fund | Mercer | 0.49% | No 1-year return figure held for this fund. | 2.35% | $781M |
| 10 | Automatic Fund (Age 80) | SuperEasy | 0.51% | No 1-year return figure held for this fund. | 2.73% | $0M |
| 11 | Default Conservative Fund | Fisher | 0.51% | No 1-year return figure held for this fund. | 3.34% | $1004M |
| 12 | Conservative Fund | Smartshares | 0.57% | 7.71% | 3.06% | $38M |
| 13 | Conservative Fund | ANZ | 0.60% | No 1-year return figure held for this fund. | 2.01% | $1558M |
| 14 | Conservative Fund | ANZ | 0.60% | No 1-year return figure held for this fund. | 2.01% | $477M |
| 15 | Conservative Portfolio | Maritime | 0.61% | 2.92% | 3.53% | $2M |
| 16 | Superlife Conservative Fund | Smartshares | 0.67% | 4.94% | 2.54% | $37M |
| 17 | Pie Kiwisaver Conservative Fund | Pie | 0.69% | 6.42% | 2.16% | $29M |
| 18 | Conservative Fund | Mercer | 0.69% | 5.71% | 2.03% | $14M |
| 19 | Conservative Strategy | Koura | 0.73% | 8.50% | No 5-year average return figure held. Recorded fund start date 15 April 2024 is less than five years before March 2026. | — |
| 20 | Summer Conservative Selection | Summer | 0.75% | 5.23% | 2.47% | $11M |
| 21 | Glidepath Age 75 | Fisher | 0.84% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 26 March 2025 is less than five years before March 2026. | $3M |
| 22 | AMP Conservative Fund | AMP | 0.84% | No 1-year return figure held for this fund. | 2.28% | $558M |
| 23 | AMP Conservative Fund (Lifesteps) | AMP | 0.84% | 4.55% | 2.28% | $275M |
| 24 | Conservative Fund | MAS | 0.85% | No 1-year return figure held for this fund. | 2.44% | $84M |
| 25 | Milford Kiwisaver Conservative Fund | Milford | 0.85% | 2.28% | 2.76% | $463M |
| 26 | Quaystreet Conservative Fund | Smartshares | 0.86% | No 1-year return figure held for this fund. | 3.53% | $13M |
| 27 | Conservative Fund | Fisher | 0.90% | 4.18% | 2.49% | $1452M |
| 28 | Glidepath Age 65 | Fisher | 0.92% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 26 March 2025 is less than five years before March 2026. | $1M |
| 29 | Investnow Milford Conservative Fund | Fundrock | 0.93% | 3.41% | No 5-year average return figure held for this fund. | $2M |
| 30 | Investnow Fisher Funds Conservative Fund | Fundrock | 0.93% | 2.69% | No 5-year average return figure held. Recorded fund start date 25 January 2022 is less than five years before March 2026. | $2M |
| 31 | Milford Kiwisaver Moderate Fund | Milford | 0.95% | 3.82% | 3.80% | $337M |
| 32 | Lifestages Auto Option Age 65+ | SBS | 0.96% | No 1-year return figure held for this fund. | 2.52% | $11M |
| 33 | Investnow Mint Diversified Income Fund | Fundrock | 1.01% | 0.78% | 1.45% | $9M |
| 34 | Pathfinder Kiwisaver Conservative Fund | Pathfinder | 1.01% | 2.63% | 2.71% | $28M |
| 35 | Capital Guaranteed Fund | Booster | 1.03% | 2.79% | 2.63% | $93M |
| 36 | Goalsgetter Milford Conservative Fund | Nikko | 1.05% | 1.72% | No 5-year average return figure held. Recorded fund start date 9 May 2024 is less than five years before March 2026. | $2M |
| 37 | Goalsgetter Amova Conservative Fund | Nikko | 1.05% | 4.26% | 2.52% | $3M |
| 38 | Moderate Fund | Booster | 1.08% | 4.10% | 2.23% | $262M |
| 39 | Conservative Fund | Generate | 1.08% | 5.68% | No 5-year average return figure held. Recorded fund start date 16 May 2022 is less than five years before March 2026. | $179M |
| 40 | Global Select Conservative Fund | AMP | 1.08% | No 1-year return figure held for this fund. | 1.91% | $19M |
| 41 | Asset Class Conservative Fund | Booster | 1.11% | 0.73% | 0.93% | $25M |
| 42 | Stepping Stones 76+ | Generate | 1.21% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 16 May 2022 is less than five years before March 2026. | $1M |
| 43 | Socially Responsible Moderate Fund | Booster | 1.21% | No 1-year return figure held for this fund. | 2.81% | $81M |
| 44 | Stepping Stones Growth 76+ | Generate | 1.21% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 16 May 2022 is less than five years before March 2026. | $1M |
| 45 | Stepping Stones 65-75 | Generate | 1.22% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 16 May 2022 is less than five years before March 2026. | $16M |
| 46 | Milford Conservative Fund | AMP | 1.33% | No 1-year return figure held for this fund. | No 5-year average return figure held. Recorded fund start date 23 February 2022 is less than five years before March 2026. | $19M |
About “—” in return figures: it means no figure is held, not a return of zero. Of the 46 funds listed, 26 have a 1-year return and 34 have a 5-year average return. Figures are drawn from fund disclosures on the FMA Disclose register, chiefly quarterly fund updates. Each fund shows the most recent figure held, with 1-year returns up to June 2026; the latest quarter broadly covered across all funds is March 2026. A fund too new to report a period has no figure for it; other gaps are figures not yet captured from the updates ingested so far.
Sourced from each scheme's most recent FMA-filed Quarterly Fund Update. Annual-fee ranking is mechanical — does not factor in returns, risk, manager skill, or asset-allocation differences. Past performance is not a reliable indicator of future returns.
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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).
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