ASB Growth Fund
Growth Fund is a growth KiwiSaver fund managed by ASB. It has 148,731 members and holds $6.9 billion. It opened in 2007.
Fees and returns
- Annual fee
- 0.70% of your balance each year
- Return over 1 year
- +11.2% a year
- Return over 3 years
- +10.4% a year
- Return over 5 years
- +6.2% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
How it compares
Over the last five years this fund returned +6.2% a year. The median for mainstream growth funds over the same period was +5.0% a year, across 28 funds. This fund is ahead of that median, by 1.2 percentage points.
What it invests in
International equities 55%, australasian equities 19%, new zealand fixed interest 12%, international fixed interest 8%.
Largest holdings
- Nvidia Corp 3.11%
- Apple Inc 2.41%
- Fisher & Paykel Healthcare 2.24%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +11.2% |
| 2024/25 | +6.3% |
| 2023/24 | +14.0% |
| 2022/23 | −2.3% |
| 2021/22 | +2.6% |
| 2020/21 | +26.8% |
| 2019/20 | −6.2% |
| 2018/19 | +8.2% |
| 2017/18 | +8.1% |
| 2016/17 | +10.3% |
About this fund
The ASB Growth Fund invests mainly in growth assets (around 78%) — international and Australasian shares — with a smaller income allocation. Managed on a mainly index-tracking basis, it aims for high returns with large movements in value over a suggested minimum of eight years. It has an annual fund charge of 0.70%.