MAS KiwiSaver Scheme
Managed by Medical Funds Management Limited
Medical Funds Management Limited operates the MAS KiwiSaver Scheme, which serves 20,476 members and manages $1.57 billion in assets. The scheme offers seven funds within a KiwiSaver scheme, spanning a range of investment approaches to accommodate different member circumstances and time horizons. This breadth of options allows members to select a fund aligned with their individual financial position and retirement goals.
The MAS KiwiSaver Scheme charges an average annual fee of 0.86% across its funds. Members can choose from Aggressive, Growth, Balanced, Conservative, and Defensive fund types, each designed to reflect different risk and return profiles. This structure typically suits members seeking a range of investment options within a single KiwiSaver scheme provider. This information is general in nature only and does not constitute financial advice.
Summary written 28 October 2026; its figures may predate the key facts below, which are current.
Assets
$2B
Total value
Average Return
5.43%
Five year
Average Fee 💰
0.86%
One Year
Total Investors
20.5K
Across all funds
MAS KiwiSaver Scheme: key facts
- Scheme
- MAS KiwiSaver Scheme
- Managed by
- Medical Funds Management Limited (FSP 39643)
- Funds
- 7
- Members (summed across funds)
- 20,476
- Funds under management
- $1.6B
- Share of the KiwiSaver money we track
- 1.1%
- Annual fee range
- 0.25% to 0.99%
- Oldest fund started
- 1 October 2007
Data as at 31 March 2026 for most funds (later where a newer quarterly fund update has been filed). Members are summed across funds, so a member in two funds counts twice.
MAS KiwiSaver Scheme funds by risk profile
- Defensive: 1 fund
- Conservative: 1 fund
- Balanced: 2 funds
- Growth: 1 fund
- Aggressive: 2 funds
Highest five-year return in each fund type
| Fund type | Fund | 5-year return (a year) | Annual fee |
|---|---|---|---|
| Defensive | Cash Fund | 2.33% | 0.25% |
| Conservative | Conservative Fund | 2.44% | 0.85% |
| Balanced (of 2) | Balanced Fund | 5.48% | 0.99% |
| Growth | Growth Fund | 7.1% | 0.98% |
| Aggressive (of 2) | Global Equities Fund | 8.85% | 0.99% |
After fees and tax, among this provider's funds with a five-year record. Data as at 31 March 2026 for most funds (later where a newer quarterly fund update has been filed). Past performance is not a reliable indicator of future returns.
FUND NAME | RISK LEVEL | 5Y RETURN | FEE💰 | Value | Growth Assets | Start Date |
|---|---|---|---|---|---|---|
| Global Equities Fund | Aggressive | 8.85% | 0.99% | $175M | 96.66% | 01-10-2007 |
| Balanced Fund | Balanced | 5.48% | 0.99% | $410M | 60.49% | 01-10-2007 |
| Conservative Fund | Conservative | 2.44% | 0.85% | $84M | 20.06% | 01-10-2007 |
| Growth Fund | Growth | 7.1% | 0.98% | $525M | 79.95% | 01-10-2007 |
| Cash Fund | Defensive | 2.33% | 0.25% | $21M | N/A | 22-12-2008 |
| Aggressive Fund | Aggressive | 7.9% | 0.98% | $268M | 93.82% | 01-10-2007 |
| Moderate Fund | Balanced | 3.89% | 0.95% | $89M | 40.43% | 01-10-2007 |
Governance & relationships
- Manager
- MEDICAL FUNDS MANAGEMENT LIMITED(NZ Limited Company)
- FSP registration
- FSP FSP39643verify on FSPR ↗
- NZBN
- 9429039171085verify on NZBN ↗
Manager identity sourced from the most recent FMA-filed Quarterly Fund Update. See the cross-scheme manager relationships map to see whether this manager operates across multiple schemes.
FMA Disclose filings (8)
Quarterly Fund Updates, Product Disclosure Statements, SIPOs, and Annual Reports indexed from the FMA Disclose register. Click into a filing for the per-fund extracted data.
| Period | Type | Source PDFs | Status | Filing page |
|---|---|---|---|---|
| 2024-12-02 | SIPO | 1 PDF | Pending | Open filing → |
| 2024-08-02 | SIPO | 1 PDF | Pending | Open filing → |
| 2024-04-11 | SIPO | 1 PDF | Pending | Open filing → |
| 2026-04-01 | PDS | 1 PDF | Pending | Open filing → |
| 2018-11-30 | PDS | 1 PDF | Pending | Open filing → |
| 2017-09-21 | PDS | 1 PDF | Pending | Open filing → |
| 2016-03-31 | PDS | 1 PDF | Pending | Open filing → |
| 2018-03-31 | AR | 1 PDF | Pending | Open filing → |
Source: FMA Disclose register. Filings auto-refresh weekly via the FundCompare ingestion pipeline.
AI · API · Markdown
Machine-readable surfaceEvery provider page on FundCompare ships with structured JSON and a plain-markdown summary alongside the HTML — so LLMs, MCP clients, and analysts can cite the same regulator-sourced data the page renders. Source documents come from FMA Disclose, IRD, and Sorted Fund Finder.
Identifiers
- Short name
- MAS
- Funds operated
- 7
- Scheme(s)
- MAS KiwiSaver Scheme
Endpoints for Medical Funds Management Limited
One-click MCP install
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Quick examples
cURL
curl -s "https://fundcompare.co.nz/api/provider/mas/facts.json" | jq .Python
import requests
data = requests.get("https://fundcompare.co.nz/api/provider/mas/facts.json").json()
print(data["fund_name" if "provider" == "fund" else "name"])MCP (Claude Desktop / ChatGPT)
# Claude Code (CLI):
claude mcp add --transport http fundcompare https://fundcompare.co.nz/mcp
# Cursor / Cline / Continue (settings JSON):
{ "mcpServers": { "fundcompare": { "url": "https://fundcompare.co.nz/mcp" } } }
# Claude Desktop (UI): Settings → Connectors → Add custom connector
# URL: https://fundcompare.co.nz/mcp
# Claude Desktop via JSON (uses npx mcp-remote bridge):
{ "mcpServers": { "fundcompare": {
"command": "npx", "args": ["-y", "mcp-remote", "https://fundcompare.co.nz/mcp"]
} } }
# Tools: search_funds, get_fund, get_provider, get_qfu_filing — anonymous, free.FundCompare is not a Financial Advice Provider. Data is sourced from FMA Disclose, IRD, and Sorted Fund Finder. The endpoints above are free, public, and cached for one hour. KiwiSaver® is a registered trademark of Inland Revenue.
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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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