Strong performance, backed by local and global expertise
Our local investment team combines their expertise with BlackRock’s global investment capability, tools and insights.
That’s how the ANZ KiwiSaver Growth Fund returned 17% over 1 year, versus the industry average of 13.9%—.
See if our Growth Fund could be right for you.
Choosing the right fund for your KiwiSaver savings
Your fund choice affects your returns
Which fund you’re invested in can make a big difference to the amount you have when you retire or to buy your first home. See our Fund performance.
How your KiwiSaver savings are invested
Each fund invests in a different mix of assets. Assets are grouped into growth assets and income assets, which come with different levels of risk and return.
Growth assets
- Listed infrastructure
- Listed property
- Equities (e.g. shares)
Considered higher risk due to larger movements in value, but with higher long-term return potential.
Income assets
- Cash and cash equivalents (e.g. deposits)
- Fixed interest (e.g. bonds)
Considered lower risk due to smaller movements in value, but with lower long-term return potential.
Comparison of our KiwiSaver funds
ANZ KiwiSaver Scheme fund comparison
High Growth Fund
Aims for higher long-term returns, allowing for larger ups and downs in value.
Suggested investment timeframe:
9+ years
Target investment mix:
95% growth assets
5% income assets
Annual fund charge:
0.98%
Growth Fund
Aims for high long-term returns allowing for large ups and downs in value.
Suggested investment timeframe:
7+ years
Target investment mix:
78% growth assets
22% income assets
Annual fund charge:
0.98%
Balanced Growth Fund
Aims for moderate to high long-term returns, allowing for moderate to large ups and downs in value.
Suggested investment timeframe:
6+ years
Target investment mix:
63% growth assets
37% income assets
Annual fund charge:
0.92%
Balanced Fund
Aims for moderate long-term returns, allowing for moderate ups and downs in value.
Suggested investment timeframe:
5+ years
Target investment mix:
48% growth assets
52% income assets
Annual fund charge:
0.89%
Conservative Balanced Fund
Aims for low to moderate long-term returns allowing for small to moderate ups and downs in value.
Suggested investment timeframe:
5+ years
Target investment mix:
33% growth assets
67% income assets
Annual fund charge:
0.75%
Conservative Fund
Aims for low, relatively stable long-term returns allowing for small ups and downs in value.
Suggested investment timeframe:
4+ years
Target investment mix:
18% growth assets
82% income assets
Annual fund charge:
0.63%
Cash Fund
Aims for lower but stable short-term returns allowing for smaller ups and downs in value.
Suggested investment timeframe:
No minimum
Target investment mix:
100% income assets
Annual fund charge:
0.25%
ANZ Default KiwiSaver Scheme fund comparison
The ANZ Default KiwiSaver Scheme is no longer a default scheme and is closed to new members.
If you were a member of this scheme and you had chosen a fund, you will have stayed invested in that fund.
If you were a member but you hadn’t chosen a fund, your KiwiSaver account will have automatically been transferred to a current default provider.
OneAnswer KiwiSaver Scheme multi-asset-class fund comparison
The OneAnswer KiwiSaver Scheme is designed for investors with external financial advisers or who want to take a more personal approach to their KiwiSaver account. With access to a wide range of funds investors have the ability to build a customised portfolio.
To join the OneAnswer KiwiSaver Scheme, contact your financial adviser or complete the application form at the back of the OneAnswer KiwiSaver Scheme Product Disclosure Statement (PDF 906.3KB).
OneAnswer KiwiSaver Scheme single-asset-class fund comparison
The OneAnswer KiwiSaver Scheme is designed for investors with external financial advisers or who want to take a more personal approach to their KiwiSaver account. With access to a wide range of funds investors have the ability to build a customised portfolio.
To join the OneAnswer KiwiSaver Scheme, contact your financial adviser or complete the application form at the back of the OneAnswer KiwiSaver Scheme Product Disclosure Statement (PDF 906.3KB).
ANZ KiwiSaver Scheme fund comparison table
Fund aim | Suggested investment timeframe | Target investment mix | Annual fund charge | More about the fund | |
|---|---|---|---|---|---|
High Growth Fund | • Aims for higher long-term returns | 9+ years | 95% growth assets | 0.98% | |
Growth Fund | • Aims for high long-term returns | 7+ years | 78% growth assets | 0.98% | |
Balanced Growth Fund | • Aims for moderate to high long-term returns | 6+ years | 63% growth assets | 0.92% | |
Balanced Fund | • Aims for moderate long-term returns | 5+ years | 48% growth assets | 0.89% | |
Conservative Balanced Fund | • Aims for low to moderate long-term returns | 5+ years | 33% growth assets | 0.75% | |
Conservative Fund | • Aims for low, relatively stable long-term returns | 4+ years | 18% growth assets | 0.63% | |
Cash Fund | • Aims for lower but stable short-term returns | No minimum | 100% income assets | 0.25% |
ANZ Default KiwiSaver Scheme fund comparison table
Fund aim | Suggested investment timeframe | Target investment mix | Annual fund charge | More about the fund | |
|---|---|---|---|---|---|
High Growth Fund | • Aims for higher long-term returns | 9+ years | 95% growth assets | 0.99% | |
Growth Fund | • Aims for high long-term returns | 7+ years | 78% growth assets | 0.99% | |
Balanced Growth Fund | • Aims for moderate to high long-term returns | 6+ years | 63% growth assets | 0.93% | |
Balanced Fund | • Aims for moderate long-term returns | 5+ years | 48% growth assets | 0.90% | |
Conservative Balanced Fund | • Aims for low to moderate long-term returns | 5+ years | 33% growth assets | 0.76% | |
Conservative Fund | • Aims for low, relatively stable long-term returns | 4+ years | 18% growth assets | 0.46% | |
Cash Fund | • Aims for lower but stable short-term returns | No minimum | 100% income assets | 0.26% |
OneAnswer KiwiSaver Scheme fund comparison table
Fund aim | Suggested investment timeframe | Target investment mix | Annual fund charge | More about the fund | |
|---|---|---|---|---|---|
High Growth Fund | • Aims for higher long-term returns | 9+ years | 95% growth assets | 0.99% | |
Growth Fund | • Aims for high long-term returns | 7+ years | 78% growth assets | 0.99% | |
Balanced Growth Fund | • Aims for moderate to high long-term returns | 6+ years | 63% growth assets | 0.93% | |
Balanced Fund | • Aims for moderate long-term returns | 5+ years | 48% growth assets | 0.90% | |
Conservative Balanced Fund | • Aims for low to moderate long-term returns | 5+ years | 33% growth assets | 0.76% | |
Conservative Fund | • Aims for low, relatively stable long-term returns | 4+ years | 18% growth assets | 0.64% | |
Cash Fund | • Aims for lower but stable short-term returns | No minimum | – | 0.26% | |
New Zealand Fixed Interest Fund | • Aims for long-term returns (after fees, before tax) broadly in line with the relevant market index | 5+ years | – | 0.37% | |
International Fixed Interest Fund | • Aims for long-term returns (after fees, before tax) broadly in line with the relevant market index | 5+ years | – | 0.53% | |
Australasian Property Fund | • Aims for long-term returns (after fees, before tax) that outperform the relevant market index. | 10+ years | – | 1.03% | |
International Property Fund | • Aims for long-term returns (after fees, before tax) that outperform the relevant market index | 10+ years | – | 1.03% | |
Australasian Share Fund | • Aims for long-term returns (after fees, before tax) that outperform the relevant market index | 10+ years | – | 1.02% | |
International Share Fund | • Aims for long-term returns (after fees, before tax) that outperform the relevant market index | 10+ years | – | 1.00% | |
Select International Share Fund | • Aims for long-term returns (after fees, before tax) that outperform the relevant market index | 10+ years | – | 0.95% |
Lifetimes – your KiwiSaver fund changes with your age
With our Lifetimes option, your KiwiSaver savings automatically move through our funds as you get older (excluding High Growth Fund).
As your focus shifts from growing your savings to protecting them, Lifetimes aims to reduce risk, but you are also likely to receive lower returns – so your investment approach evolves with you.
Here’s how your fund changes with your age:
- 0-35: Growth Fund
- 36-45: Balanced Growth Fund
- 46-55: Balanced Fund
- 56-60: Conservative Balanced Fund
- 61-64: Conservative Fund
- 65+: Cash Fund
How to change your KiwiSaver fund
If your KiwiSaver savings are with us, you can change funds or switch to the Lifetimes option:
- In the ANZ goMoney app
- In ANZ Internet Banking
- By calling us on 0800 736 034
We’re a certified responsible investor
Most of our funds are certified by the Responsible Investment Association Australasia (RIAA). This certification recognises funds that meet rigorous responsible investment standards for how they invest and report on their practices.
Responsible Investment Leader 2026
As well as being certified, we’ve been recognised by the RIAA as a Responsible Investment Leader 2026. This acknowledges our leadership in responsible investment commitment, ESG integration, stewardship and transparency.
Read about responsible investing and which of our funds are certified by the RIAA:
Understanding our funds
Learn the difference between our funds. Watch our video to find out what a fund is and how they work.
Apply to join the ANZ KiwiSaver Scheme
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Important information
ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the ANZ KiwiSaver Scheme, the OneAnswer KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme (no longer a default scheme and closed to new members). For the scheme guides and product disclosure statements see KiwiSaver documents and forms or ask at any ANZ branch.
ANZ Investments is not an authorised deposit-taking institution under Australian law and investments in the schemes are not deposits in or liabilities of ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited or their subsidiaries (together ‘ANZ Group’). ANZ Group does not stand behind or guarantee ANZ Investments. Investments in the schemes are subject to risk, including possible repayment delays or loss of income and principal invested. ANZ Group will not be liable to you for the capital value or performance of your investment.
This material is for information purposes only. Please talk to us if you need financial advice about your situation and goals or about our products and services. See our Financial advice provider disclosure statement (PDF 39.9KB).