Choose the right fund
Use our guide to discover which of the BNZ KiwiSaver Scheme funds might suit your needs right now.
Compare BNZ KiwiSaver Scheme Funds
Find out which of the BNZ KiwiSaver Scheme investment funds might suit you best.
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Our investment fund options
The BNZ KiwiSaver Scheme has a range of funds to invest in, each offering a different level of potential return depending on the types of assets the funds are invested in, and the amount of risk you’re willing to take.
Growth assets^ will typically experience larger movements in value compared to income assets^, so they have the potential to achieve higher investment returns over the longer term, however you need to be willing to accept more risk.
High Growth Fund
Minimum suggested investment timeframe:
12 years
Aims to achieve the highest returns of the Funds over the long term.
Target investment mix
100% growth assets^
| 67% |
|
International equities |
| 33% |
|
Australasian equities |
Growth Fund
Minimum suggested investment timeframe:
10 years
Aims to achieve higher returns over the long term.
Target investment mix
20% income, 80% growth assets
| 53% |
|
International equities |
| 27% |
|
Australasian equities |
| 14% |
|
International fixed interest |
| 5% |
|
New Zealand fixed interest |
| 1% |
|
Cash & cash equivalents |
Balanced Fund^
Minimum suggested investment timeframe:
7 years
Aims to achieve a medium level of return over the medium to long term.
Target investment mix
40% income, 60% growth assets
| 40% |
|
International equities |
| 26% |
|
International fixed interest |
| 20% |
|
Australasian equities |
| 9% |
|
New Zealand fixed interest |
| 5% |
|
Cash & cash equivalents |
Default Fund^
Minimum suggested investment timeframe:
7 years
Aims to achieve a medium level of return over the medium to long term.
Target investment mix
40% income, 60% growth assets
| 40% |
|
International equities |
| 26% |
|
International fixed interest |
| 20% |
|
Australasian equities |
| 9% |
|
New Zealand fixed interest |
| 5% |
|
Cash & cash equivalents |
Moderate Fund
Minimum suggested investment timeframe:
5 years
Aims to achieve moderate returns over the medium term.
Target investment mix
60% income, 40% growth assets
| 34% |
|
International fixed interest |
| 27% |
|
International equities |
| 15% |
|
Cash & cash equivalents |
| 13% |
|
Australasian equities |
| 11% |
|
New Zealand fixed interest |
Conservative Fund
Minimum suggested investment timeframe:
3 years
Aims to achieve relatively stable returns over the short to medium term.
Target investment mix
80% income, 20% growth assets
| 41% |
|
International fixed interest |
| 25% |
|
Cash & cash equivalents |
| 14% |
|
New Zealand fixed interest |
| 13% |
|
International equities |
| 7% |
|
Australasian equities |
First Home Buyer Fund
Minimum suggested investment timeframe:
3 years
Aims to achieve relatively stable returns over the short to medium term.
Target investment mix
85% income, 15% growth assets
| 60% |
|
Cash & cash equivalents |
| 19% |
|
International fixed interest |
| 10% |
|
International equities |
| 6% |
|
New Zealand fixed interest |
| 5% |
|
Australasian equities |
Management fee
The management fee is the only fee you’ll pay with the BNZ KiwiSaver Scheme. It is used to pay for the management of each fund’s assets, including underlying investment costs, the Supervisor’s fee and administration costs of the Funds (such as audit fees, registry services and unit pricing and accounting services).
The management fee is calculated as a percentage of the net asset value of each Fund, and is already deducted from your investment, so returns will be reduced. You don’t need to pay this separately and it doesn’t appear as a transaction on your account. More about how our fees work
The management fee is calculated as a percentage of the net asset value of each Fund, and is already deducted from your investment, so returns will be reduced. You don’t need to pay this separately and it doesn’t appear as a transaction on your account. More about how our fees work
How our funds are tracking
BNZ KiwiSaver Scheme Fund performance to 31 May 2026.^
Returns are calculated after deducting Management Fees but before deducting tax.
Past performance is no guarantee or indication of future performance.
Help with choosing a fund
Read our guide to KiwiSaver funds
KiwiSaver calculator
See how changing your fund or contribution rate could have a big impact on potential savings for the future.
Product Disclosure Statement
Before making any investment decision, read the Product Disclosure Statement (PDF 675KB) to find out key information about the BNZ KiwiSaver Scheme.
BNZ KiwiSaver Scheme unit prices
When you invest in a BNZ KiwiSaver Scheme fund, you’re issued with ‘units’ in that fund. Each unit has a unit price. Whenever you make a change which requires you to buy or sell units in the fund, a buy or sell spread is applied to the unit price. Any contribution into a fund will use the ‘buy price’, and any withdrawal from a fund will use the ‘sell price’.
- See the BNZ KiwiSaver Scheme buy and sell spreads.
- Find out more about buy and sell spreads.
Unit prices may go up or down between the time it takes to submit your contribution, transfer, withdrawal, or fund switch request, and the time it’s received and approved, and the date the relevant units are actually issued or redeemed.
The latest available buy and sell unit prices are shown below. You can view previous prices using the date selector.
BNZ KiwiSaver Scheme help and support
If you need some help call 0800 269 5494.