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Compare our Westpac KiwiSaver Scheme Funds.
Find the best Westpac KiwiSaver Scheme fund for you and your KiwiSaver goals. Easily sort and compare funds by fee, return, risk and investment timeframe.
How to choose a fund.
To make the most of your KiwiSaver investment, you’ll need to understand how funds work and think about which fund works best for your life stage. When comparing our funds below, ask yourself these two simple questions:
Compare our funds.
High Growth Fund
See High Growth Fund detailsYou’re aiming for the highest possible returns over the long term and you’re comfortable seeing big ups and downs in your balance to get there.
See High Growth Fund detailsTime
13years
Recommended minimum investment timeframe
Fee¹
0.70%
70¢ per $100 per year
Return²
-
5 year return not available as fund started in 2024
Risk³
5
How much the fund may go up and down
Assets
Growth 100%Income 0%
Growth Fund
See Growth Fund detailsYou’re aiming for higher returns over the long term and you’re comfortable seeing big ups and downs in your balance to get there.
See Growth Fund detailsAssets
Growth 80%Income 20%
Time
10years
Recommended minimum investment timeframe
Fee¹
0.55%
55¢ per $100 per year
Return²
6.29%
Average annual return over 5 years
Risk³
5
How much the fund may go up and down
Balanced Fund
See Balanced Fund detailsYou’re aiming for medium returns over the medium to long term and you’re comfortable with some ups and downs in your balance to get there.
See Balanced Fund detailsAssets
Growth 60%Income 40%
Fee¹
0.50%
50¢ per $100 per year
Return²
5.22%
Average annual return over 5 years
Risk³
4
How much the fund may go up and down
Time
7years
Recommended minimum investment timeframe
Default Balanced Fund
See Default Balanced Fund detailsYou’re aiming for moderate to medium returns over the medium to long term, and you’re comfortable with some ups and downs in your balance to get there.
See Default Balanced Fund detailsAssets
Growth 50%Income 50%
Time
6years
Recommended minimum investment timeframe
Fee¹
0.40%
40¢ per $100 per year
Return²
-
5 year return not available as fund started in 2021
Risk³
4
How much the fund may go up and down
Moderate Fund
See Moderate Fund detailsYou’re aiming for moderate returns over the medium term. There will be moderate ups and downs in your balance, and your balance may be lower in the long term than if you invested in a fund with more growth assets.
See Moderate Fund detailsAssets
Growth 40%Income 60%
Time
5years
Recommended minimum investment timeframe
Fee¹
0.40%
40¢ per $100 per year
Return²
3.98%
Average annual return over 5 years
Risk³
4
How much the fund may go up and down
Conservative Fund
See Conservative Fund detailsYou’re aiming for relatively stable returns over the short to medium term. There will be modest ups and downs in your balance, and your balance may be lower in the long term than if you invested in a fund with more growth assets.
See Conservative Fund detailsAssets
Growth 25%Income 75%
Time
3years
Recommended minimum investment timeframe
Fee¹
0.40%
40¢ per $100 per year
Return²
2.95%
Average annual return over 5 years
Risk³
4
How much the fund may go up and down
Cash Fund
See Cash Fund detailsYou’re looking to invest for one year or less or for the lowest possible risk of your savings going down. To achieve this, you’ll be aiming for stable returns.
See Cash Fund detailsAssets
Growth 0%Income 100%
Time
0years
Recommended minimum investment timeframe
Fee¹
0.25%
25¢ per $100 per year
Return²
3.02%
Average annual return over 5 years
Risk³
2
How much the fund may go up and down
Fee1 The annual fund charge is based on the balance you have invested in a fund.
Return2 Average annual return is over five years after deducting fund charges but before tax to 31 December 2024. Five year returns are not available for the Default Balanced Fund as it started on 1 December 2021 or the High Growth Fund as it started on 25 September 2024. Past performance is not a reliable indication of future performance. Future returns for any fund will vary and may be negative at times, which means your balance can be less than what you invested.
Risk3 Indicates how much the relevant Westpac KiwiSaver Scheme fund might go up and down in value (i.e. amount of volatility). With more risk comes the potential for greater returns over time. Find out more about how the risk indictor is calculated in the Product Disclosure Statement for the Westpac KiwiSaver Scheme.
Making a sustainable difference.
We’re proud to be recognised as one of New Zealand’s Responsible Investment Leaders by the Responsible Investment Association Australasia (RIAA)4 in 2022, 2023 and again in 2024.
Our sustainable investment policy applies to all of BTNZ’s managed funds5, such as the Westpac KiwiSaver Scheme, so you can feel confident knowing that your investments are working towards building a more sustainable tomorrow.
Read more about how we invest sustainably and see how we’re tracking against our sustainable investment commitments in our 2023 BTNZ Sustainable Investment Report.
Need help choosing a fund?
Next steps.
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Quick help.
Things you should know.
4 The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold a Financial Advice Provider licence.
5 Our sustainable investment policy applies to the investment management services provided by BT Funds Management (NZ) Limited, the investment arm of Westpac in New Zealand, including in relation to the Westpac KiwiSaver Scheme, Westpac Active Series, and Westpac Retirement Plan.
The material on this webpage is provided for general purposes only and is not a recommendation or opinion in relation to the Westpac KiwiSaver Scheme. You should not rely solely on the information on this webpage.
BT Funds Management (NZ) Limited is the scheme provider and issuer and Westpac New Zealand Limited is a distributor, of the Westpac KiwiSaver Scheme (Scheme).
The information above is subject to changes to government policy and law, and changes to the Scheme from time to time.
Investments made in the Scheme do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac Group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac Group of companies, The New Zealand Guardian Trust Company Limited (as supervisor), or any director or nominee of any of those entities, or any other person guarantees the Scheme's performance, returns or repayment of capital.
For a copy of the Product Disclosure Statement or more information about the Scheme, contact any Westpac branch or call 0508 972 254 or from overseas +64 9 375 9978 (international toll charges apply). You can also download the Product Disclosure Statement.