General Information Only

This page displays publicly available fee data sorted from lowest to highest. This is not financial advice. If you need guidance, consult a licensed Financial Advice Provider.

KiwiSaver Fund Fee Comparison 2025

KiwiSaver fund fee data sorted from lowest to highest. Data from FMA reports, updated October 2025.

Funds Shown

Sorted by fee

Lowest Fee Shown

0.00%

NZ Funds

Average Fee (Shown)

0.27%

Annual fees

Average Return

0.93%

5-year average

About Fee Data

Fee data is publicly reported by fund managers to the FMA. Fees vary between funds and fund types. This page shows fee data sorted from lowest to highest.

Fee Illustration Example:

Starting balance: $50,000 | Time horizon: 30 years | Assumed return: 7%

With 0.5% fees:

$330,718

With 1.0% fees:

$287,175

Difference: $43,544

This is an illustrative example only. Actual returns will vary.

Note: This illustration uses assumed values for demonstration purposes. Actual investment outcomes depend on many factors. If you need advice on fund selection, consult a licensed Financial Advice Provider.

Fund Fee Data (Sorted Lowest to Highest)

Showing 50 funds sorted by annual fee. You may use this data for your own comparison.

#	Fund Name	Provider	Fees	5-Year Return	Fund Type	Risk
1	Balanced Fund	NZ Funds	0.00%	N/A	Balanced	4/7
2	Investnow Foundation Series Hedged Us 500 Fund	Fundrock	0.03%	N/A	Aggressive	6/7
3	Investnow Foundation Series Us 500 Fund	Fundrock	0.03%	N/A	Aggressive	5/7
4	Investnow Foundation Series Hedged Total World Fund	Fundrock	0.07%	N/A	Aggressive	5/7
5	Investnow Foundation Series Total World Fund	Fundrock	0.07%	N/A	Aggressive	5/7
6	Sharesies Us500 Fund	Sharesies	0.09%	N/A	Aggressive	6/7
7	Milford Kiwisaver Cash Fund	Milford	0.20%	2.28%	Defensive	1/7
8	Cash Fund	ANZ	0.22%	2.32%	Defensive	2/7
9	Cash Fund	ANZ	0.22%	2.32%	Defensive	2/7
10	Cash Fund	Westpac	0.25%	2.38%	Defensive	2/7
11	Kernel Nz Commercial Property Fund	Kernel	0.25%	N/A	Aggressive	5/7
12	Default Fund	Simplicity	0.25%	N/A	Balanced	4/7
13	High Growth Fund	Simplicity	0.25%	N/A	Aggressive	5/7
14	Growth Fund	Simplicity	0.25%	7.56%	Growth	4/7
15	Cash Fund	MAS	0.25%	2.33%	Defensive	1/7
16	Kernel Global Property (Nzd Hedged) Fund	Kernel	0.25%	N/A	Aggressive	6/7
17	Defensive Fund	Simplicity	0.25%	N/A	Defensive	3/7
18	Conservative Fund	Simplicity	0.25%	1.79%	Conservative	3/7
19	Kernel S&P Global Dividend Aristocrats Fund	Kernel	0.25%	N/A	Aggressive	5/7
20	Kernel Nz Small & Mid Cap Opportunities Fund	Kernel	0.25%	N/A	Aggressive	5/7
21	Kernel Cash Plus Fund	Kernel	0.25%	N/A	Defensive	1/7
22	Kernel S&P 500 (Unhedged) Fund	Kernel	0.25%	N/A	Aggressive	6/7
23	Kernel High Growth Fund	Kernel	0.25%	N/A	Aggressive	5/7
24	Kernel Nz 50 Esg Tilted Fund	Kernel	0.25%	N/A	Aggressive	5/7
25	Kernel Nz 20 Fund	Kernel	0.25%	N/A	Aggressive	5/7
26	Kernel S&P 500 (Nzd Hedged) Fund	Kernel	0.25%	N/A	Aggressive	6/7
27	Kernel Balanced Fund	Kernel	0.25%	N/A	Balanced	4/7
28	Balanced Fund	Simplicity	0.25%	5.31%	Balanced	4/7
29	Kernel Global Esg (Nzd Hedged) Fund	Kernel	0.25%	N/A	Aggressive	6/7
30	BNZ Kiwisaver Cash Fund	BNZ	0.30%	2.24%	Defensive	2/7
31	Investnow Macquarie Nz Cash Fund	Fundrock	0.30%	N/A	Defensive	2/7
32	Kernel Us Bond Fund	Kernel	0.30%	N/A	Defensive	4/7
33	Superlife Default Fund	Smartshares	0.30%	N/A	Balanced	4/7
34	Cash Fund	Mercer	0.32%	2.16%	Defensive	2/7
35	New Zealand Fixed Interest Fund	ANZ	0.34%	0.15%	Defensive	3/7
36	Default Saver Fund	Booster	0.35%	N/A	Balanced	4/7
37	Nz Cash Fund	ASB	0.35%	2.18%	Defensive	2/7
38	BNZ Kiwisaver Default Fund	BNZ	0.35%	N/A	Balanced	4/7
39	Investnow Foundation Series Balanced Fund	Fundrock	0.36%	N/A	Balanced	4/7
40	Investnow Mercer Nz Shares Passive Fund	Fundrock	0.36%	N/A	Aggressive	5/7
41	Default Fund	Fisher	0.37%	N/A	Balanced	4/7
42	Investnow Foundation Series Growth Fund	Fundrock	0.38%	N/A	Growth	4/7
43	Default Balanced Fund	Westpac	0.40%	N/A	Balanced	4/7
44	Conservative Fund	Westpac	0.40%	2.72%	Conservative	3/7
45	Kernel Nz Bond Fund	Kernel	0.40%	N/A	Defensive	3/7
46	Defensive Conservative Fund	Westpac	0.40%	2.57%	Conservative	3/7
47	Conservative Fund	ASB	0.40%	2.33%	Conservative	3/7
48	Moderate Fund	Westpac	0.40%	3.80%	Balanced	4/7
49	Investnow Mercer All Country Global Shares Index Fund	Fundrock	0.43%	N/A	Aggressive	5/7
50	Cash Fund	Mercer	0.43%	2.05%	Defensive	2/7

Explore More Comparisons

Index Funds

Passive funds with typically lowest fees

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Historical Returns

View fund return data sorted by 5-year average

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Growth Funds

Compare all growth category funds

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Data source: FMA KiwiSaver Quarterly Reports, provider Product Disclosure Statements. Last updated: October 2025.

Disclaimer: Past performance does not guarantee future results. This is not financial advice. Consult a licensed financial adviser before making investment decisions.

KiwiSaver Fund Fee Comparison 2025

About Fee Data

Fee Illustration Example:

Fund Fee Data (Sorted Lowest to Highest)

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Index Funds

Historical Returns

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