Choose the right fund for your future

Everyone has different goals and circumstances. That's why the MAS Retirement Savings Scheme offers 7 funds for you to choose from - so you can find a fund that meets your needs. Our Responsible Investment page guides what we will and won’t invest in. 

Pie Chart Global Equity Fund

Global Equities Fund

Suits those who accept a higher level of risk to potentially achieve a higher return.

Min. suggested investment timeframe: 12 Years

Risk indicator: 5


Pie Chart Aggressive Fund

Aggressive Fund

Suits those who accept a higher level of risk to potentially achieve a higher return.

Min. suggested investment timeframe: 11 Years

Risk indicator:  5


Pie Chart Growth Fund

Growth Fund

Suits those who accept a high level of risk to potentially achieve a high return.

Min. suggested investment timeframe: 10 Years

Risk indicator: 4


Pie Chart Balanced Fund

Balanced Fund

Suits those who accept a medium level of risk to potentially achieve a medium return.

Min. suggested investment timeframe: 7 Years 

Risk indicator: 4


Pie Chart Moderate Fund

Moderate Fund

Suits those who accept some risk to potentially achieve a moderate return.

Min. suggested investment timeframe: 5 Years

Risk indicator: 4


Pie Chart Conservative Fund

Conservative Fund

Suits those who accept a smaller level risk to potentially achieve a more stable return.

Min. suggested investment timeframe: 3 Years

Risk indicator: 3


Pie Chart Cash Fund

Cash Fund

Suits those who require an investment with very low volatility.

Min. suggested investment timeframe: No min.

Risk indicator: 1


 

Retirement Savings Scheme Fund Performance

Fund

1 mth

3 mths

1 yr

3 yrs (p.a.)

5 yrs (p.a.)

10 yrs (p.a.)

Unit Price
(14/08/2026)

Global Equities

-1.60% 6.22% 17.72% 13.75% 8.29% 10.82% 3.9924

Aggressive

-1.60% 5.90% 16.93% 13.10% 7.69% 9.87% 3.5986

Growth

-1.57% 5.06% 14.42% 11.87% 6.79% 8.94% 3.2573

Balanced

-1.49% 3.92% 11.09% 9.94% 5.31% 7.09% 2.6237

Moderate

-1.42% 2.73% 7.77% 8.02% 3.81% 5.44% 2.1714

Conservative

-1.33% 1.55% 4.65% 6.14% 2.38% 3.80% 1.7676

Cash

0.27% 0.80% 3.45% 4.78% 3.83% 2.85% 1.4791

MAS Retirement Savings Scheme fund performance* as at 31 July 2026 after fees and before tax.


*Medical Funds Management Limited, JBWere (NZ) Limited and Amova Asset Management New Zealand Limited, their parent companies and associated entities do not guarantee the return of capital or the performance of investment funds. Returns indicated may bear no relation to future performance. The value of investments will fluctuate as the values of underlying assets rise or fall.

Medical Funds Management Limited is the manager and issuer of investments in the MAS Retirement Savings Scheme. A copy of the Product Disclosure Statement (PDS) for the Scheme is available here. 

You can access the latest Investment Information which provide a detailed overview of performance, fees, asset mix and key holdings for each fund. If you would like to talk to a MAS Adviser, phone 0800 800 627 or email info@mas.co.nz