NZ Cash Fund

The NZ Cash Fund might be a good choice if protecting your savings is more important than having the possibility of generating higher returns.

Benefits at a glance

  • Invests in a portfolio of investment grade short term deposits and fixed interest investments with New Zealand registered banks
  • A maximum tax rate of 28% applies
  • Not typically subject to the same fluctuations in value as higher risk funds
  • The ASB KiwiSaver Scheme’s lowest risk fund

Is it right for me?

The NZ Cash Fund could suit you if:

  • You have no minimum investment timeframe.
  • Protecting your savings is your biggest priority.
  • You understand choosing a lower risk fund may result in low potential returns and your savings growth may not keep up with inflation.


Sam, 63, has decided he’ll definitely retire at 65 so he can spend more time with his wife. Apart from owning their home, the couple has few assets and Sam knows he’ll use his KiwiSaver savings immediately to top up his NZ Super.

Given the short investment timeframe, Sam has chosen to keep his money in the NZ Cash Fund because of its low-risk profile.

Sam’s priority is to protect his savings from the bigger ups and downs associated with higher risk funds. With this in mind, he accepts that the returns on his investment may not be as high or outpace inflation.

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

With a 100% investment in cash and cash equivalents, the NZ Cash Fund offers the lowest risk and potential return profile of all the ASB KiwiSaver Scheme funds. It aims to provide exposure to a portfolio of investment grade short term deposits and fixed interest investments with New Zealand registered banks, with a negative return expected less than one in every 50 years.

Risk vs return

Target investment mix

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

How has this fund performed?

The NZ Cash 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.

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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 NZ Cash Fund