InvestNow KiwiSaver Scheme Review
Published 17 October 2026 · Written by the ValueHub team · Reviewed by Steve Baron
InvestNow KiwiSaver Scheme Review
InvestNow runs 45 KiwiSaver funds open to new members, covering a wide spread of risk levels. At 30 June 2026 they held $778.9 million for 24,278 investors. The funds run from risk level 2 to 6, so which fund you pick matters more than which scheme you are in.
Charges across the open funds run from 0.03 per cent to 1.38 per cent.
Over five years the InvestNow Clarity Global Shares Fund returned 13.34 per cent a year while the InvestNow Salt Enhanced Property Fund returned -1.67 per cent a year, which is the gap between the top and the bottom of what you can choose from.
This review does three things. It sets out what the scheme actually contains. It puts every fund’s fee, risk indicator and return in one place, taken from the Government’s register. And it answers the question that matters most — whether what you get is worth what you pay.
How We Researched This Guide
Every number below is read from our own copy of the Government’s Disclose Register, which is the statutory source managers file against. It carries 45 open funds, all reported as at 30 June 2026.
We also checked the rules that sit behind every KiwiSaver account — contribution rates, the government contribution and default provider appointments — against Inland Revenue and the Ministry of Business, Innovation and Employment.
We are not recommending a move in either direction. The point of the exercise is to put the verified numbers side by side, so the decision rests on figures rather than on a brochure.
The Quick Summary (60-Second Version)
Here is the short version before the detail.
- InvestNow offers 45 open funds across a single scheme.
- Annual fund charges range from 0.03 per cent to 1.38 per cent.
- The cheapest option is the InvestNow Foundation Series Hedged US 500 Fund at 0.03 per cent.
- The largest fund by value is the InvestNow Foundation Series Total World Fund, with $219.2 million invested.
- The strongest five-year record in the range belongs to the InvestNow Clarity Global Shares Fund, at 13.34 per cent a year.
- The weakest five-year record is the InvestNow Salt Enhanced Property Fund, at -1.67 per cent a year.
- The funds hold $778.9 million in total across 24,278 investors.
- 45 of the open funds do not yet have a five-year figure because they have not been running that long.
What You Pay, and What You Get For It
InvestNow charges an annual fund charge, and there are no separate membership, contribution, establishment, switching or termination fees recorded for its KiwiSaver scheme. The charge comes out of the fund’s returns rather than being billed to you, which is why most members never see it leave the account.
| Scheme | Funds | Charge range | Status |
|---|---|---|---|
| InvestNow KiwiSaver Scheme | 45 | 0.03% to 1.38% | Open |
Percentages hide the real cost, so here it is in dollars. On a $50,000 balance, the lowest charge here, 0.03 per cent, is about $15 a year, and the highest, 1.38 per cent, is about $690. On $100,000, those figures double. Double the balance, and you double both.
What the Charge Costs at Different Balances
Because the charge is a percentage, its cost rises with your balance. Below is what the cheapest, dearest and middling funds take on three balances. This much is guaranteed: the fee is charged in both a good year and a bad one.
| Fund | Charge | On $10,000 | On $50,000 | On $100,000 |
|---|---|---|---|---|
| InvestNow Foundation Series Hedged US 500 Fund | 0.03% | $3 | $15 | $30 |
| Investnow Russell Investments Global Shares Fund | 0.87% | $87 | $435 | $870 |
| InvestNow Macquarie Global Listed Real Estate Fund | 1.38% | $138 | $690 | $1,380 |
Over a working life, the compounding of that difference is greater than most people expect because the fee is taken each year from a balance that would otherwise be growing.
The Kinds of Fund in This Range
The register groups every fund by type, and the type tells you more about the risk than the name does. InvestNow spans 5 of those groups, which determines how much choice you actually have.
| Type | Funds | Risk | Charge range | What it means |
|---|---|---|---|---|
| Defensive | 7 | 2 to 4 | 0.34% to 0.66% | Weighted to cash and bonds, so it is the steadiest option in a range. |
| Conservative | 3 | 3 to 4 | 0.85% to 1.01% | Holds mostly income assets with a small share of shares, and is built for a shorter horizon. |
| Balanced | 4 | 3 to 4 | 0.38% to 1.25% | Splits income and growth assets roughly evenly, which is the middle of most ranges. |
| Growth | 8 | 4 to 5 | 0.38% to 1.37% | Holds mostly shares and property, so it swings more in the short term and is built for a longer horizon. |
| Aggressive | 23 | 4 to 6 | 0.03% to 1.38% | Holds almost entirely growth assets, which makes it the most volatile option in a range. |
The risk indicator runs from 1 to 7. It measures how much the fund’s value has moved in the past, not how good it is. A 6 or 7 is not a warning; it is a statement that the fund is expected to fall further in a bad year, and it belongs in a portfolio you will not need to touch for a long time.
InvestNow KiwiSaver Scheme — the funds
| Fund | Type | Risk | Fee | 1yr | 5yr | Fund size |
|---|---|---|---|---|---|---|
| InvestNow Macquarie NZ Cash Fund | Defensive | 2 | 0.34% | 1.98% | 2.50% | $9m |
| InvestNow Mercer Ethical Leaders Hedged Global Fixed Interest Index Fund | Defensive | 4 | 0.44% | 0.77% | -0.57% | $1m |
| InvestNow Russell Investments NZ Fixed Interest Fund | Defensive | 3 | 0.48% | 3.49% | 0.86% | $2m |
| InvestNow Hunter Global Fixed Interest Fund | Defensive | 4 | 0.53% | 1.44% | 0.02% | $7m |
| Investnow Russell Investments Global Fixed Interest Fund | Defensive | 4 | 0.58% | 0.77% | -0.34% | $453k |
| InvestNow Macquarie NZ Fixed Interest Fund | Defensive | 3 | 0.64% | 3.71% | 0.70% | $562k |
| InvestNow Harbour NZ Core Fixed Interest Fund | Defensive | 3 | 0.66% | 3.84% | 1.12% | $1m |
| InvestNow Milford Conservative Fund | Conservative | 3 | 0.85% | 1.78% | 2.49% | $7m |
| InvestNow Fisher Funds Conservative Fund | Conservative | 4 | 0.93% | 3.41% | — | $2m |
| InvestNow Mint Diversified Income Fund | Conservative | 4 | 1.01% | 0.78% | 1.35% | $9m |
| InvestNow Foundation Series Balanced Fund | Balanced | 4 | 0.38% | 11.95% | 4.77% | $18m |
| InvestNow Milford Balanced Fund | Balanced | 4 | 1.15% | 5.18% | 4.74% | $34m |
| InvestNow Castle Point 5 Oceans Fund | Balanced | 3 | 1.16% | 11.21% | 3.85% | $352k |
| InvestNow Mercer Ethical Leaders Balanced Fund | Balanced | 4 | 1.25% | 10.02% | 3.41% | $773k |
| InvestNow Foundation Series Growth Fund | Growth | 4 | 0.38% | 15.42% | 6.31% | $47m |
| InvestNow Smartshares Growth Fund | Growth | 4 | 0.51% | 17.15% | — | $10m |
| InvestNow Fisher Funds Growth Fund | Growth | 4 | 1.04% | 4.24% | — | $15m |
| InvestNow Harbour Active Growth Fund | Growth | 4 | 1.04% | 13.47% | — | $2m |
| InvestNow Milford Active Growth Fund | Growth | 4 | 1.05% | 6.71% | — | $81m |
| InvestNow Salt Sustainable Growth Fund | Growth | 4 | 1.09% | 5.21% | — | $7m |
| InvestNow Mint Diversified Growth Fund | Growth | 5 | 1.21% | -1.99% | 2.43% | $6m |
| InvestNow Pathfinder Ethical Growth Fund | Growth | 4 | 1.37% | 12.71% | — | $8m |
| InvestNow Foundation Series Hedged US 500 Fund | Aggressive | 6 | 0.03% | 18.71% | — | $13m |
| InvestNow Foundation Series US 500 Fund | Aggressive | 5 | 0.03% | 28.77% | — | $85m |
| InvestNow Foundation Series Hedged Total World Fund | Aggressive | 5 | 0.06% | 21.85% | — | $33m |
| InvestNow Foundation Series Total World Fund | Aggressive | 5 | 0.06% | 30.78% | — | $219m |
| Investnow Foundation Series US Dividend Equity Fund | Aggressive | 5 | 0.06% | — | — | $2m |
| Investnow Foundation Series Global ESG Fund | Aggressive | 5 | 0.10% | — | — | $2m |
| Investnow Foundation Series Nasdaq-100 Fund | Aggressive | 6 | 0.15% | — | — | $15m |
| Investnow Foundation Series High Growth Fund | Aggressive | 5 | 0.37% | — | — | $10m |
| InvestNow Mercer NZ Shares Passive Fund | Aggressive | 5 | 0.38% | 6.95% | 0.01% | $4m |
| InvestNow Mercer All Country Global Shares Index Fund | Aggressive | 5 | 0.50% | 25.90% | 9.51% | $23m |
| InvestNow Te Ahumairangi Global Equity Fund | Aggressive | 4 | 0.61% | 24.49% | — | $42m |
| Investnow Russell Investments Global Shares Fund | Aggressive | 4 | 0.87% | 28.58% | 11.07% | $5m |
| InvestNow Russell Investments Hedged Global Shares Fund | Aggressive | 5 | 0.89% | 20.60% | 6.93% | $2m |
| InvestNow Antipodes Global Value Fund | Aggressive | 4 | 0.99% | 28.32% | — | $11m |
| InvestNow Salt Enhanced Property Fund | Aggressive | 5 | 1.01% | 4.26% | -1.67% | $2m |
| InvestNow Clarity Global Shares Fund | Aggressive | 5 | 1.06% | 28.77% | 13.34% | $6m |
| InvestNow Castle Point Trans-Tasman Fund | Aggressive | 5 | 1.07% | 7.67% | -0.91% | $464k |
| InvestNow Milford Aggressive Fund | Aggressive | 5 | 1.15% | 9.85% | — | $11m |
| InvestNow Mint Australasian Equity Fund | Aggressive | 5 | 1.19% | 0.12% | -0.30% | $1m |
| InvestNow Harbour Australasian Equity Focus Fund | Aggressive | 5 | 1.21% | -7.06% | -1.44% | $1m |
| InvestNow Harbour T. Rowe Price Global Equity Fund | Aggressive | 5 | 1.21% | 25.53% | 5.66% | $12m |
| InvestNow Generate Focused Growth Fund | Aggressive | 5 | 1.35% | 16.56% | — | $13m |
| InvestNow Macquarie Global Listed Real Estate Fund | Aggressive | 6 | 1.38% | 14.18% | 0.96% | $425k |
Charges across the open funds run from 0.03 per cent to 1.38 per cent. The strongest five-year figure is the InvestNow Clarity Global Shares Fund at 13.34 per cent a year, and the weakest is the InvestNow Salt Enhanced Property Fund at -1.67 per cent a year.
What the Funds Actually Hold
Fees are only half the picture. The register records how much of each fund is held in growth assets and how much in income assets, and that proportion is the single best guide to how sharply a fund will rise or fall.
| Fund | Growth assets | Income assets | Risk |
|---|---|---|---|
| InvestNow Macquarie NZ Cash Fund | 0% | 100% | 2 |
| InvestNow Mercer Ethical Leaders Hedged Global Fixed Interest Index Fund | 0% | 100% | 4 |
| InvestNow Russell Investments NZ Fixed Interest Fund | 0% | 100% | 3 |
| InvestNow Hunter Global Fixed Interest Fund | 0% | 100% | 4 |
| InvestNow Macquarie NZ Fixed Interest Fund | 0% | 100% | 3 |
| InvestNow Harbour NZ Core Fixed Interest Fund | 0% | 100% | 3 |
| InvestNow Milford Conservative Fund | 19% | 81% | 3 |
| InvestNow Fisher Funds Conservative Fund | 27% | 73% | 4 |
| InvestNow Mint Diversified Income Fund | 34% | 66% | 4 |
| InvestNow Foundation Series Balanced Fund | 59% | 41% | 4 |
| InvestNow Milford Balanced Fund | 50% | 50% | 4 |
| InvestNow Castle Point 5 Oceans Fund | 57% | 43% | 3 |
| InvestNow Mercer Ethical Leaders Balanced Fund | 58% | 42% | 4 |
| InvestNow Foundation Series Growth Fund | 79% | 21% | 4 |
| InvestNow Smartshares Growth Fund | 79% | 21% | 4 |
| InvestNow Fisher Funds Growth Fund | 78% | 22% | 4 |
| InvestNow Harbour Active Growth Fund | 71% | 29% | 4 |
| InvestNow Milford Active Growth Fund | 75% | 25% | 4 |
| InvestNow Salt Sustainable Growth Fund | 82% | 18% | 4 |
| InvestNow Mint Diversified Growth Fund | 84% | 16% | 5 |
| InvestNow Pathfinder Ethical Growth Fund | 72% | 28% | 4 |
| InvestNow Foundation Series Hedged US 500 Fund | 100% | 0% | 6 |
| InvestNow Foundation Series US 500 Fund | 100% | 0% | 5 |
| InvestNow Foundation Series Hedged Total World Fund | 100% | 0% | 5 |
| InvestNow Foundation Series Total World Fund | 100% | 0% | 5 |
| InvestNow Mercer NZ Shares Passive Fund | 98% | 2% | 5 |
| InvestNow Mercer All Country Global Shares Index Fund | 97% | 3% | 5 |
| InvestNow Te Ahumairangi Global Equity Fund | 96% | 4% | 4 |
| InvestNow Russell Investments Hedged Global Shares Fund | 99% | 1% | 5 |
| InvestNow Antipodes Global Value Fund | 97% | 3% | 4 |
| InvestNow Salt Enhanced Property Fund | 99% | 1% | 5 |
| InvestNow Clarity Global Shares Fund | 99% | 1% | 5 |
| InvestNow Castle Point Trans-Tasman Fund | 98% | 2% | 5 |
| InvestNow Milford Aggressive Fund | 100% | 0% | 5 |
| InvestNow Mint Australasian Equity Fund | 99% | 1% | 5 |
| InvestNow Harbour Australasian Equity Focus Fund | 99% | 1% | 5 |
| InvestNow Harbour T. Rowe Price Global Equity Fund | 98% | 2% | 5 |
| InvestNow Generate Focused Growth Fund | 94% | 6% | 5 |
| InvestNow Macquarie Global Listed Real Estate Fund | 99% | 1% | 6 |
Between 0% growth assets in the InvestNow Harbour NZ Core Fixed Interest Fund and 100% in the InvestNow Foundation Series Total World Fund, this range covers a lot of ground. The lower figure is built to protect capital; the higher one is built to grow it, and will lose more when markets fall. Match the fund to your horizon rather than to last year’s return.
Reading the Returns
Every return shown is net of the fund charge and after tax — the figure a member actually experiences. Every return shown is net of the fund charge and after tax. The strongest five-year average here is the InvestNow Clarity Global Shares Fund at 13.34 per cent a year, against a range of -1.67 to 13.34 per cent across the open funds.
The one-year and five-year columns should be read as a pair. One-year figures across these funds span -7.06 to 30.78 per cent, and five-year averages -1.67 to 13.34 per cent. A good year says more about the market than about the manager; a five-year average is the harder and fairer test.
Where a fund has only a short record, none of this can help you, and that is a real limitation rather than a technicality. The longer the published record, the more of it is evidence rather than circumstance.
The table below sets out every figure the register holds for each open fund, over each period it publishes. The longer columns are the ones that matter most, because they are the hardest to produce by luck.
| Fund | 1 year | 3 years | 5 years | 10 years | Since inception |
|---|---|---|---|---|---|
| InvestNow Macquarie NZ Cash Fund | 1.98% | 3.28% | 2.50% | — | 2.29% |
| InvestNow Mercer Ethical Leaders Hedged Global Fixed Interest Index Fund | 0.77% | 1.80% | -0.57% | — | -0.64% |
| InvestNow Russell Investments NZ Fixed Interest Fund | 3.49% | 3.26% | 0.86% | — | 0.50% |
| InvestNow Hunter Global Fixed Interest Fund | 1.44% | 2.60% | 0.02% | — | 0.27% |
| Investnow Russell Investments Global Fixed Interest Fund | 0.77% | 1.78% | -0.34% | — | -0.30% |
| InvestNow Macquarie NZ Fixed Interest Fund | 3.71% | 3.16% | 0.70% | — | 0.31% |
| InvestNow Harbour NZ Core Fixed Interest Fund | 3.84% | 3.52% | 1.12% | — | 0.82% |
| InvestNow Milford Conservative Fund | 1.78% | 4.41% | 2.49% | — | 2.92% |
| InvestNow Fisher Funds Conservative Fund | 3.41% | 4.39% | — | — | 2.92% |
| InvestNow Mint Diversified Income Fund | 0.78% | 3.27% | 1.35% | — | 1.99% |
| InvestNow Foundation Series Balanced Fund | 11.95% | 8.22% | 4.77% | — | 6.67% |
| InvestNow Milford Balanced Fund | 5.18% | 6.37% | 4.74% | — | 6.43% |
| InvestNow Castle Point 5 Oceans Fund | 11.21% | 6.01% | 3.85% | — | 5.61% |
| InvestNow Mercer Ethical Leaders Balanced Fund | 10.02% | 6.49% | 3.41% | — | 6.26% |
| InvestNow Foundation Series Growth Fund | 15.42% | 9.99% | 6.31% | — | 8.99% |
| InvestNow Smartshares Growth Fund | 17.15% | 9.81% | — | — | 6.92% |
| InvestNow Fisher Funds Growth Fund | 4.24% | 6.76% | — | — | 3.83% |
| InvestNow Harbour Active Growth Fund | 13.47% | 6.62% | — | — | 2.87% |
| InvestNow Milford Active Growth Fund | 6.71% | 9.40% | — | — | 6.47% |
| InvestNow Salt Sustainable Growth Fund | 5.21% | — | — | — | 7.29% |
| InvestNow Mint Diversified Growth Fund | -1.99% | 4.42% | 2.43% | — | 4.89% |
| InvestNow Pathfinder Ethical Growth Fund | 12.71% | 8.28% | — | — | 6.39% |
| InvestNow Foundation Series Hedged US 500 Fund | 18.71% | — | — | — | 16.73% |
| InvestNow Foundation Series US 500 Fund | 28.77% | 20.26% | — | — | 23.85% |
| InvestNow Foundation Series Hedged Total World Fund | 21.85% | — | — | — | 17.17% |
| InvestNow Foundation Series Total World Fund | 30.78% | 18.82% | — | — | 22.03% |
| Investnow Foundation Series US Dividend Equity Fund | — | — | — | — | 29.88% |
| Investnow Foundation Series Global ESG Fund | — | — | — | — | 28.89% |
| Investnow Foundation Series Nasdaq-100 Fund | — | — | — | — | 37.77% |
| Investnow Foundation Series High Growth Fund | — | — | — | — | 19.04% |
| InvestNow Mercer NZ Shares Passive Fund | 6.95% | 2.18% | 0.01% | — | 1.61% |
| InvestNow Mercer All Country Global Shares Index Fund | 25.90% | 15.83% | 9.51% | — | 14.29% |
| InvestNow Te Ahumairangi Global Equity Fund | 24.49% | 19.33% | — | — | 16.66% |
| Investnow Russell Investments Global Shares Fund | 28.58% | 16.54% | 11.07% | — | 15.44% |
| InvestNow Russell Investments Hedged Global Shares Fund | 20.60% | 12.83% | 6.93% | — | 12.45% |
| InvestNow Antipodes Global Value Fund | 28.32% | 19.03% | — | — | 17.03% |
| InvestNow Salt Enhanced Property Fund | 4.26% | 1.51% | -1.67% | — | -0.48% |
| InvestNow Clarity Global Shares Fund | 28.77% | 19.60% | 13.34% | — | 18.75% |
| InvestNow Castle Point Trans-Tasman Fund | 7.67% | 1.57% | -0.91% | — | 1.37% |
| InvestNow Milford Aggressive Fund | 9.85% | 10.38% | — | — | 10.66% |
| InvestNow Mint Australasian Equity Fund | 0.12% | 1.09% | -0.30% | — | 1.31% |
| InvestNow Harbour Australasian Equity Focus Fund | -7.06% | 0.22% | -1.44% | — | 1.40% |
| InvestNow Harbour T. Rowe Price Global Equity Fund | 25.53% | 14.12% | 5.66% | — | 10.53% |
| InvestNow Generate Focused Growth Fund | 16.56% | — | — | — | 15.51% |
| InvestNow Macquarie Global Listed Real Estate Fund | 14.18% | 5.52% | 0.96% | — | 5.60% |
There are 45 open funds in total, and the table above shows the fifteen largest by value. Every fund is listed with its charge and one-year and five-year figures in the earlier tables, so you can check the rest there.
19 of the open funds here have no five-year figure because they have not been running that long. We show a dash rather than a number that would not be comparable, so weigh those funds on their fee and strategy instead.
Where InvestNow Sits Against the Alternatives
On entry cost, InvestNow is the 1st cheapest of the 29 managers in our KiwiSaver table, with its cheapest fund charging 0.03 per cent. The cheapest manager charges 0.03 per cent and the dearest starts at 4.26 per cent.
| Manager | Charge range | Open funds |
|---|---|---|
| Sharesies | 0.09% to 1.49% | 11 |
| SuperLife | 0.20% to 1.26% | 50 |
| Milford | 0.20% to 1.15% | 6 |
| Kernel | 0.25% to 0.45% | 25 |
| Simplicity | 0.24% | 6 |
| MAS | 0.25% to 0.98% | 7 |
Cheap is not the same as good. The test is whether the manager returns what the fee costs, and that shows up in the five-year figures. Past performance is not a promise, and any period that favours one asset class will flatter the funds holding most of it.
What You Put In, and What You Get Back
Contribution settings come from legislation rather than the provider, so they are identical across all schemes. The difference lies in what the manager does with the money afterwards, and that is where the fee begins to matter.
The default employee and employer rate is 3.5 per cent from 1 April 2026, and it rises to 4 per cent on 1 April 2028. On a $70,000 salary, 3.5 per cent is $2,450 a year from you, matched by your employer, so about $4,900 a year goes into the account before any return.
The Government adds 25 cents for every dollar you contribute, up to a maximum of $260.72 a year. To receive the full amount, you must contribute at least $1,042.86 of your own money between 1 July and 30 June, and employer contributions do not count towards that threshold. If your taxable income is above $180,000 a year, you do not qualify.
Once the money is in, the fund charge applies to the whole balance rather than to each contribution. On a $50,000 balance, the lowest charge here, 0.03 per cent, is about $15 a year, and the highest, 1.38 per cent, is about $690. On $100,000, those figures double. That is the number worth weighing against the returns, because it is charged whether the fund rises or falls.
Questions You Might Have
Which fund am I in?
Your KiwiSaver statement, or the online account you use to manage your savings, will show which fund your money is invested in and how it is split if you hold more than one. Check it before anything else, because the fund decides both the return and the charge.
How much will I pay?
Charges across the open funds run from 0.03 per cent to 1.38 per cent. It comes out of the fund’s returns, not your bank account, so you will not see a separate bill.
Is InvestNow a default provider?
No. The appointed default providers are BNZ, Booster, Westpac (through BT Funds Management), Fisher Funds, Simplicity and Smartshares, with appointments running to December 2028. InvestNow is a scheme you choose deliberately.
Can I change funds without changing provider?
Usually yes. Most schemes let you move between their own funds, or set a different split, through your online account at no cost, and the change takes effect without affecting your membership or your employer contributions. You only need to switch provider if the scheme itself is the problem.
Do I have to pick just one fund?
No. With 45 open funds, you can split your balance across several, which lets you take more risk with part of your savings and less with the rest. The trade-off is that you have to keep track of the split yourself.
What happens to a closed fund?
If you already hold a fund that has closed to new members, you keep it and continue to pay the charge shown. Closing a fund stops new money coming in; it does not force existing members out, and it does not change your balance.
How much do I need to contribute to get the full government contribution?
You need to put in at least $1,042.86 of your own money between 1 July and 30 June to receive the maximum of $260.72. The government adds 25 cents for every dollar you contribute, and employer contributions do not count towards your $1,042.86. If your taxable income is above $180,000 a year, you do not qualify.
How much will I pay at the default contribution rate?
The default employee and employer rate rose from 3 per cent to 3.5 per cent on 1 April 2026, and it rises again to 4 per cent on 1 April 2028. On a $70,000 salary, 3.5 per cent is $2,450 a year from you, matched by your employer. You can choose 4, 6, 8 or 10 per cent instead.
Does switching to or from InvestNow cost anything?
No. InvestNow records no membership, contribution, establishment, switching or termination fees, and switching between KiwiSaver providers does not attract a fee in practice. You apply to the new provider, who arranges the transfer.
Why do some funds have no five-year figure?
Because they have not been running for five years. A fund launched in the last few years cannot have a five-year return, so the register leaves it blank rather than showing a figure that would not be comparable. We show the same dash.
What Matters Most
InvestNow is a provider with a wide range of funds. The fee table above shows the current charges for each fund. The funds are numerous enough that you need to choose deliberately.
- The InvestNow Foundation Series Hedged US 500 Fund is the cheapest way in at 0.03 per cent.
- The strongest five-year record is the InvestNow Clarity Global Shares Fund at 13.34 per cent a year, and it carries the risk that produced it.
- 19 funds are too new to have a five-year record, so judge them on strategy and fee rather than past performance.
- Check which fund you are in before anything else, because it decides both the return and the charge.
The ValueHub Team built this site because finding clear, unbiased financial information in New Zealand was harder than it should be. Every guide is based on real research — we compare the actual fees, terms, and fine print so you don't have to. Our tip: shop around every year, read the policy docs, and never assume loyalty gets you the best deal.— The ValueHub Team
Try our Calculators
Use these free tools to crunch the numbers:
KiwiSaver Fund Comparison
Compare fees, returns, and risk levels across every KiwiSaver fund — the most up to date data in New Zealand.
Currency Converter — USD to NZD
Convert US Dollars to New Zealand Dollars instantly. See the latest exchange rate and 30-day trend.
Mortgage Repayment Calculator
Calculate your weekly, fortnightly, or monthly mortgage repayments. Free NZ mortgage calculator — try different rates, terms, and repayment frequencies.
Compound Interest Calculator
See how your savings grow with compound interest over time. Free NZ compound interest calculator with yearly, monthly, and weekly compounding options.
Term Deposit Calculator
Calculate your term deposit returns before you lock in. Compare interest earned across different terms and rates with ValueHub's free calculator.
Savings Goal Calculator
Calculate how long it will take to reach your savings goal — and what monthly deposit you need to get there. Free NZ savings planner.
Related Articles
Kernel KiwiSaver Scheme Review
Kernel KiwiSaver review: 25 open funds, fund charges from 0.25 to 0.45 per cent, and net returns to 30 June 2026.
reviewKōura KiwiSaver Scheme Review
Kōura KiwiSaver review: 13 open funds, fund charges from 0.63 to 1.10 per cent, and net returns to 30 June 2026.