AMP Growth Fund (Lifesteps)
Amp Growth Fund (Lifesteps) is a growth KiwiSaver fund managed by AMP. It has 9,975 members and holds $244 million. It opened in 2007.
Fees and returns
- Annual fee
- 0.77% of your balance each year
- Return over 1 year
- +11.3% a year
- Return over 3 years
- +11.1% a year
- Return over 5 years
- +5.9% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International equities 51%, australasian equities 20%, new zealand fixed interest 10%, international fixed interest 10%.
Largest holdings
- Fisher & Paykel Healthcare Corporation Limited 2.83%
- NVIDIA Corp 2.29%
- Apple Inc 2.02%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +11.3% |
| 2024/25 | +6.0% |
| 2023/24 | +16.2% |
| 2022/23 | −4.2% |
| 2021/22 | +1.4% |
| 2020/21 | +25.7% |
| 2019/20 | −5.6% |
| 2018/19 | +7.2% |
| 2017/18 | +6.3% |
| 2016/17 | +9.9% |
About this fund
This is AMP's Growth Fund offered within the Lifesteps pathway, which automatically reduces growth-asset exposure as you age. The current holdings match AMP's standard Growth mix — mostly shares, index-tracked through BlackRock — with AMP's sustainable-investment exclusions. Annual fund charge: 0.77%.