Best GENERATE KIWISAVER · ranked on the data
Best GENERATE KIWISAVER KiwiSaver funds in NZ (2026)
GENERATE KIWISAVER runs multiple KiwiSaver options across different risk bands. We rank every one of them on the same basis, 5-year returns and fees, regardless of whether GENERATE KIWISAVER is on Smiths' advised panel. Our scope of advice and remuneration is in our FAP disclosure.
General information only · Past performance is not a reliable indicator of future performance · Returns shown are historical (Morningstar Morningstar KiwiSaver 360, Q1 2026), net of fund fees at 28% PIR. For personal advice on which fund fits you, run our free Health Check or get in touch.
Smiths' top 5
The 5we'd look at first.
- 1
Growth
Stepping Stones Growth 0-50
Generate Kiwisaver Scheme
Growth · 8.47% 5y · 1.41% fees
- 2
Aggressive
Stepping Stones 0-35
Generate Kiwisaver Scheme
Aggressive · 8.34% 5y · 1.41% fees
- 3
Aggressive
Focused Growth Fund
Generate Kiwisaver Scheme
Aggressive · 8.19% 5y · 1.41% fees
- 4
Growth
Stepping Stones Growth 51-55
Generate Kiwisaver Scheme
Growth · 6.87% 5y · 1.39% fees
- 5
Growth
Stepping Stones 36-45
Generate Kiwisaver Scheme
Growth · 6.87% 5y · 1.39% fees
How we ranked these
Our methodology
We rank every GENERATE KIWISAVER KiwiSaver fund with a 5-year history by annualised return after fees and 28% PIR. Fees break ties.
Smiths is FAP-licensed (FSP712931) and gives advice on a defined panel of KiwiSaver schemes. We don't run our own scheme. We do receive an upfront fee plus a trail commission (0.25%–0.5%) from the scheme we move clients to, disclosed in full at smiths.net.nz/disclosure. The ranking on this page covers every scheme in NZ, regardless of whether it is on our panel. Past performance is not a reliable indicator of future performance. this is general information only.
The full ranking
All 11 funds we considered
- #6
Growth
Growth Fund
Generate Kiwisaver Scheme
Growth · 6.79% 5y · 1.39% fees
- #7
Growth
Stepping Stones Growth 56-60
Generate Kiwisaver Scheme
Growth · 5.29% 5y · 1.36% fees
- #8
Balanced
Stepping Stones 46-55
Generate Kiwisaver Scheme
Balanced · 5.29% 5y · 1.36% fees
- #9
Balanced
Stepping Stones 56-60
Generate Kiwisaver Scheme
Balanced · 4.78% 5y · 1.31% fees
- #10
Balanced
Moderate Fund
Generate Kiwisaver Scheme
Balanced · 4.20% 5y · 1.26% fees
- #11
Balanced
Stepping Stones 61-64
Generate Kiwisaver Scheme
Balanced · 4.18% 5y · 1.26% fees
Need a personal take?
We don't pick funds in the abstract.
Take the 90-second Health Check and we'll match you to the best fit for your timeframe, goals, and tax position from our advised panel, benchmarked against every fund in the directory.
Our directory covers every NZ KiwiSaver fund. Our advice panel is five schemes (ANZ, Booster, Fisher Funds, Generate, Milford); recommendations land on four funds across Milford and Booster — how we're paid →
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