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Best Balanced KiwiSaver Funds 2025

Compare all 77 Balanced KiwiSaver funds - the perfect middle ground. Based on real FMA data, updated October 2025.

Total Balanced Funds
77
Moderate risk options
Average Return
3.58%
5-year average
Average Fees
0.93%
Annual fees
Top Performer
7.99%
Ethica Fund...

What are Balanced KiwiSaver Funds?

Balanced funds invest 30-70% in growth assets, with the remainder in income assets. They offer a middle ground between growth potential and stability.

✅ Best For:

  • • Ages 40-60 (moderate time horizon)
  • • 5-15 years until retirement
  • • Moderate risk tolerance
  • • Want growth with some protection

⚠️ Consider Instead If:

All Balanced Funds Ranked by Performance

RankFund NameProvider5-Year ReturnFeesRiskMembers
#1Ethica FundSmartshares7.99%0.80%4/71k
#2Quaystreet Socially Responsible Investment FundSmartshares7.76%1.12%4/70k
#3Quaystreet Balanced FundSmartshares7.71%1.12%4/71k
#4Pathfinder Kiwisaver Balanced FundPathfinder7.36%1.25%4/73k
#5Milford Kiwisaver Balanced FundMilford7.34%1.05%4/728k
#6Quaystreet Altum FundSmartshares7.12%1.37%4/70k
#7Superlife Balanced FundSmartshares7.06%0.70%4/71k
#8Superlife Age Steps - Age 60Smartshares6.62%0.70%4/70k
#9AE Kiwisaver PlanAlways Ethical6.33%3.44%7/73k
#10Balanced PortfolioMaritime6.20%0.70%4/70k
#11AMP Balanced Fund No. 2AMP6.20%0.85%4/71k
#12Stepping Stones Growth 56-60Generate6.15%1.36%4/70k
#13Stepping Stones 46-55Generate6.15%1.36%4/72k
#14Balanced FundAnglican6.06%1.35%4/72k
#15Balanced FundFisher5.84%1.04%4/766k
#16Balanced FundSuperEasy5.71%0.51%4/70k
#17Asset Class Balanced FundBooster5.68%1.32%4/71k
#18AMP Balanced FundAMP5.57%0.85%4/726k
#19AMP Balanced Fund (Lifesteps)AMP5.57%0.85%4/79k
#20Lifestages Auto Option Age 55 - 59SBS5.53%1.05%4/71k
#21Stepping Stones 56-60Generate5.49%1.30%4/71k
#22Balanced FundMAS5.48%0.99%4/75k
#23Sustainable Balanced FundMercer5.35%0.75%4/713k
#24BNZ Kiwisaver Balanced FundBNZ5.32%0.45%4/727k
#25Balanced FundSimplicity5.31%0.25%4/714k
#26Superlife Balanced FundAMP5.27%1.12%4/71k
#27Socially Responsible Balanced FundBooster5.25%1.33%4/712k
#28Balanced FundWestpac5.19%0.50%4/783k
#29Mercer Balanced FundAMP5.15%1.26%4/72k
#30Automatic Fund (Age 60)SuperEasy5.08%0.51%4/70k
#31Balanced FundMercer5.00%0.80%4/73k
#32Stepping Stones 61-64Generate4.88%1.26%3/70k
#33Balanced FundBooster4.87%1.31%4/734k
#34Moderate FundGenerate4.75%1.26%3/723k
#35Superlife Age Steps - Age 70Smartshares4.74%0.68%4/70k
#36AMP Moderate Balanced FundAMP4.48%0.84%4/718k
#37AMP Moderate Balanced Fund (Lifesteps)AMP4.48%0.84%4/711k
#38Pie Kiwisaver Balanced FundPie4.29%0.69%4/72k
#39Balanced FundANZ4.20%0.88%4/789k
#40Balanced FundANZ4.20%0.88%4/79k
#41Summer Balanced SelectionForsyth Barr4.17%1.02%4/72k
#42Moderate FundMAS3.89%0.95%4/71k
#43BNZ Kiwisaver Moderate FundBNZ3.80%0.45%4/728k
#44Moderate FundWestpac3.80%0.40%4/737k
#45Sustainable Moderate FundMercer3.76%0.66%4/75k
#46Lifestages Auto Option Age 60 - 64SBS3.67%0.99%4/70k
#47Moderate FundASB3.67%0.60%4/776k
#48AMP Moderate FundAMP3.55%0.84%4/713k
#49AMP Moderate Fund (Lifesteps)AMP3.55%0.84%4/79k
#50Moderate FundMercer3.55%0.73%4/70k
#51Superlife Moderate FundAMP3.21%1.07%4/71k
#52Conservative Balanced FundANZ3.10%0.73%4/73k
#53Conservative Balanced FundANZ3.10%0.73%4/742k
#54Stepping Stones Growth 61-75Generate0.00%1.26%3/70k
#55Balanced FundNZ Funds0.00%0.00%4/70k
#56Aurora Balanced StrategyFundrock0.00%1.51%4/71k
#57Investnow Milford Balanced FundFundrock0.00%1.06%4/71k
#58Sharesies Smartshares Balanced FundSharesies0.00%0.50%4/71k
#59Investnow Castle Point 5 Oceans FundFundrock0.00%1.18%3/70k
#60Milford Balanced FundAMP0.00%1.43%4/72k
#61Default Saver FundBooster0.00%0.35%4/756k
#62Glidepath Age 55Fisher0.00%1.13%4/70k
#63Aurora Retirementplus Age 65Fundrock0.00%1.49%4/70k
#64Kernel Balanced FundKernel0.00%0.25%4/71k
#65Balanced FundGenerate0.00%1.36%4/79k
#66Balanced StrategyKoura0.00%0.73%4/70k
#67Balanced FundConsilium0.00%0.70%4/70k
#68Default Balanced FundWestpac0.00%0.40%4/773k
#69Default FundFisher0.00%0.37%4/772k
#70Investnow Foundation Series Balanced FundFundrock0.00%0.36%4/70k
#71BNZ Kiwisaver Default FundBNZ0.00%0.35%4/766k
#72Goalsgetter Harbour Sustainable Impact FundNikko0.00%1.61%4/70k
#73Default FundSimplicity0.00%0.25%4/754k
#74Goalsgetter Milford Balanced FundNikko0.00%1.36%4/70k
#75Superlife Default FundSmartshares0.00%0.30%4/756k
#76Investnow Mercer Ethical Leaders Balanced FundFundrock0.00%1.27%4/70k
#77Goalsgetter Generate Balanced FundNikko0.00%1.65%4/70k

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Data source: FMA KiwiSaver Quarterly Reports. Last updated: October 2025.

Disclaimer: Past performance does not guarantee future results. This is not financial advice.

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