Balanced KiwiSaver funds provide a middle ground between risk and reward, with a relatively even mix of growth assets like shares and property, alongside income assets such as bonds and fixed interest. This approach aims to deliver moderate long-term returns while cushioning investors against large swings in value. Balanced funds are well-suited to investors with a medium risk tolerance who are saving for retirement or other long-term financial goals. While values can still fluctuate with the market, the balanced structure helps smooth out returns over time, offering both growth potential and stability for investors seeking steady performance.