Top 5 KiwiSaver Funds in NZ for 2025: Easy Comparison

How We Picked These Funds

We looked at three simple things to make this list:

• How much money the fund has made on average over the last 10 years
• How much you pay in yearly fees
• How steady and reliable the fund has been over time

This helps find a good balance between growth and low cost.

#1 Milford Active Growth Fund

• Average return (10 years): 9.3%
• Annual fee: 1.05%
• Why it’s great: One of the best-performing funds. It’s actively managed by expert investors and spreads money across different types of investments.

#2 Simplicity Growth Fund

• Average return (10 years): 8.1%
• Annual fee: 0.31%
• Why it’s great: Very low fees and focuses on long-term growth. They also avoid investing in companies that are harmful to people or the planet.

#3 Generate Focused Growth Fund

• Average return (10 years): 8.7%
• Annual fee: 1.19%
• Why it’s great: A top choice for younger people wanting higher growth. Includes more shares and international companies.

#4 ANZ Balanced Growth Fund

• Average return (10 years): 7.4%
• Annual fee: 0.92%
• Why it’s great: Good for people who want a mix of growth and safety. Includes property, shares, and other investments.

#5 BNZ Growth Fund

• Average return (10 years): 7.9%
• Annual fee: 0.89%
• Why it’s great: Backed by a trusted NZ bank. It’s known for clear communication and steady performance.

Things to Keep in Mind

• Past returns don’t guarantee future results — markets go up and down.
• Low fees are great, but performance and fund quality matter too.
• Pick a fund that suits your age, goals, and how much risk you're okay with.

FAQs

• Are these funds safe? They’re regulated and well-managed, but all investing comes with some risk.
• Can I switch to one of these? Yes! Most KiwiSaver providers let you change funds easily online.
• How often should I check my KiwiSaver? Once a year is good — or if your job, income, or retirement plans change.

Picking the right KiwiSaver fund can help you retire with more. Use this list as a guide, but make sure the fund fits your life and goals.

Also check out:

• What Is KiwiSaver? A Complete Guide to New Zealand’s Retirement Savings Scheme
• Which KiwiSaver Fund Type Should I Choose? (Made Simple)
• KiwiSaver vs Real Estate: Which is Better for Retirement?

📌 About the Author

Kiwi Money Matters is written and maintained by a New Zealand-based writer with hands-on experience in finance and accounting since 2015.

All posts are personally researched, written to ensure clarity and trustworthiness for everyday Kiwis.