MAS Growth Fund
Growth Fund is a growth KiwiSaver fund managed by MAS. It has 5,957 members and holds $525 million. It opened in 2007.
Fees and returns
- Annual fee
- 0.98% of your balance each year
- Return over 1 year
- +10.5% a year
- Return over 3 years
- +9.4% a year
- Return over 5 years
- +5.5% 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 +5.5% 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 0.5 percentage points.
What it invests in
International equities 54%, australasian equities 25%, international fixed interest 12%, new zealand fixed interest 7%.
Largest holdings
- Hunter Global Fixed Interest Fund 11.53%
- Fisher & Paykel Healthcare Ltd 4.12%
- Infratil Ltd 3.12%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +10.5% |
| 2024/25 | +4.8% |
| 2023/24 | +13.2% |
| 2022/23 | −3.4% |
| 2021/22 | +3.0% |
| 2020/21 | +26.9% |
| 2019/20 | −0.3% |
| 2018/19 | +6.5% |
| 2017/18 | +5.7% |
| 2016/17 | +10.6% |
About this fund
The MAS Growth Fund is an actively managed diversified fund invested around 80% in growth assets (mainly New Zealand and international shares) and around 20% in income assets. As an active fund its portfolio is shaped by manager decisions rather than tracking an index. Like all MAS funds it is RIAA-certified for responsible investment. It has operated since 2007 and carries an annual fund charge of 0.98%.
See how all of Medical Assurance Society KiwiSaver's funds have performed