Growth Fund

Looking for higher returns? The Growth Fund could be right for you if you're comfortable with large fluctuations in the value of your KiwiSaver savings, and you have a long investment timeframe.

Benefits at a glance

  • Targets high total returns over the long term
  • Invests in a high proportion of diversified growth assets (equities and listed property) and a low proportion of diversified income assets (fixed interest and cash)
  • A maximum tax rate of 28% applies
  • Canstar has recognised the Growth Fund for providing 'Outstanding Value' since 2011
CANSTAR 2016 - Growth Fund

Our Growth Fund was awarded five stars for 'outstanding value' by independent ratings agency Canstar for the sixth year in a row. This award recognises scheme features, as well as fund performance and low fees, giving you more money to enjoy in retirement.

Is it right for me?

The Growth Fund could suit you if:

  • You don’t expect to access your KiwiSaver savings for a minimum of 16 years.
  • You’re willing to accept higher risk with the potential for higher returns.
  • You’re sure you can tolerate the significant fluctuations that come with a fund that invests heavily in equities.
  • You fully understand returns will vary from year to year and may be negative in some years.


Jasmine and Pete are in their early 30's and have just bought their first home. They were eligible for the KiwiSaver first home withdrawal and now have just over $1,000 left in each of their ASB KiwiSaver Scheme accounts.

Currently, they’re each making a 3% employee contribution to their KiwiSaver account so they continue to get employer and Government contributions. This means they’ll save faster than what they could do alone.

Because it’s unlikely they’ll be able to access their KiwiSaver savings until retirement, Jasmine and Pete have decided the Growth Fund is the right place for their money. They feel comfortable taking a long-term view and have both made a personal commitment to riding out the ups and downs of the market without needing to exit the fund.

Discover the fund that's right for you

Use our Help me choose tool to work out what type of investor you are, and suggest a fund that might suit you.

About this fund

Offering the highest risk and potential return profile among the ASB KiwiSaver Scheme funds, the Growth Fund targets an 80% investment in diversified growth assets (equities and listed property) and a 20% investment in diversified income assets (fixed interest and cash). The investment objective of this fund is to provide high total returns with a negative return expected less than one in every four years.

Risk vs return

Target investment mix

For more information about how we manage the Growth Fund see the Statement of Investment Policy and Objectives.  

How has this fund performed?

The Growth Fund’s quarterly fund updates show fund performance, fees and the assets that this fund invested in.

You might also like to look at the Returns to Investors and the latest Investment Review.


Administration fee (other charge)

per year

Management fee (annual fund charge)

The annual fund charge shown above is an estimated percentage of the net asset value of the fund, based on actual fund charges for the year ending 31 March 2016.

We reduce your investment each month to pay for the fees. Fees are plus GST, if any.

Compare fees for all funds.

Get started today

01. Select

We have a range of funds to choose from. Use our Help me choose tool to find a fund that may suit you.

02. Join

Sign up to the ASB KiwiSaver Scheme. Apply online if you're registered with FastNet Classic internet banking. New to ASB? Complete the online form.

03. Set up

Register for FastNet Classic internet banking to make managing your ASB KiwiSaver Scheme account easier.

04. Manage

Review your ASB KiwiSaver Scheme savings each year to make sure you're on track to meet your financial goals, change funds if you need to and review your contribution level.

Apply for the ASB KiwiSaver Scheme

Apply online

Ready for the next step? Apply online and start saving.

Apply online

Call us

Speak to a KiwiSaver specialist. 

0800 ASB RETIRE (0800 272 738)

Visit a branch

Visit us at one of our many branches across New Zealand.

Find a branch

Any questions?

We’ll help with your ASB KiwiSaver Scheme query.

Ask us now

Get more with ASB

Invest on the go

View your ASB KiwiSaver Scheme account anywhere on your mobile, Apple Watch or Android Smartwatch with the ASB Mobile app. Check your balance, track your employer and Government contributions or transfer money into your ASB KiwiSaver Scheme account.

The information on this page has been prepared without taking account of your objectives, financial situation or needs. The information does not constitute personalised advice. You should seek independent investment advice.

Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.business.govt.nz/disclose (search for ASB KiwiSaver Scheme).

ASB KiwiSaver Scheme Growth Fund