Fund-vs-fund · Diversified

AMP Balanced Managed FundvsMint Diversified Growth Fund

Both are Diversified funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.

AMP

AMP Balanced Managed Fund

PIE · capped at PIR (max 28%)balanced

Mint

Mint Diversified Growth Fund

PIE · capped at PIR (max 28%)growth

How much do these two overlap?

They hold 57 of the same securities. If you held both, roughly 15.8% of your money would be in the same companies — so the diversification you get from holding the pair is smaller than holding two funds suggests.

15.8%

Shared holding	AMP Balanced	Mint Diversified	Min weight
Fisher & Paykel Healthcare	2.01%	2.47%	2.01%
Nvidia	1.67%	2.22%	1.67%
Auckland International Airport	1.27%	1.19%	1.19%
Apple	1.47%	1.07%	1.07%
Infratil	1.06%	1.76%	1.06%
Microsoft	1.00%	1.92%	1.00%
Contact Energy	0.83%	0.84%	0.83%
Amazon.com	0.82%	1.88%	0.82%
Meridian Energy	0.68%	1.06%	0.68%
Broadcom	0.57%	1.50%	0.57%

Min weight is the smaller of the two weightings — if you hold both funds, that is the floor of your exposure to that position. Direct holdings only: anything either fund holds through an underlying fund or ETF is not counted, so the real overlap can only be higher. From each fund's FMA Disclose full portfolio filing.

FMA Disclose — full portfolio holdings

Where you can buy these

Platform availability confirmed within the last 180 days. This is a statement of availability, not a recommendation — ManagedFundsNZ is not a Financial Advice Provider. Check the current PDS before investing.

AMP Balanced Managed Fund

No platform availability confirmed. Usually means it is bought directly from the manager — check their site.

Mint Diversified Growth Fund

Available on InvestNow→

What's different at a glance

AMP Balanced Managed Fund charges 0.40% lower in annual fund charges (0.81% vs 1.21%).
Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Where each fund sits in its cohort

Percentile rank vs all 68 diversified funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.

Annual fund charge

Lower is better

AMP

0.81%

Lower half of cohort

Mint

1.21%

Upper half of cohort

5-year return p.a.

Past performance — not a predictor

AMP

—

Mint

2.43%

Lower half over 5 years

Fund size

Larger = more stable, lower close-risk

AMP

NZ$45m

Lower half by size

Mint

NZ$46m

Lower half by size

Metric	AMP	Mint	Lower / higher is
Annual fund charge	0.81%	1.21%	Lower is better
Risk indicator (1–7)	4	5	Higher = more volatility
5-year return p.a.	—	2.43%	Higher is better (past not future)
Fund size	NZ$45m	NZ$46m	Larger = more stable, lower close-risk
Growth / income split	53% / 47%	78% / 22%	More growth = higher long-run return + volatility
NZ tax structure	PIE (PIR-capped)	PIE (PIR-capped)	PIE = simpler. FIF = annual return.
Currency hedging	—	—	Hedged smooths NZD/foreign FX moves at a small cost.
Responsible investment screening	No	No	Specific exclusions live in each fund's SIPO.
Available via	Direct	Direct	Platforms accepting retail subscriptions.

Sources:AMP on Sorted Mint on Sorted

What each fund says it does

AMP

AMP Balanced Managed Fund

The fund has a well-diversified portfolio that has a balance of risk through holding growth assets and an allocation to lower-risk income assets. The fund aims to achieve medium returns, in exchange there will be some movements up and down in the value of your investments.

Full AMP AMP Balanced Managed Fund profile →

Mint

Mint Diversified Growth Fund

The Fund invests across a range of asset types which includes New Zealand and international equities (including listed property if held), but will also hold cash and fixed interest. The objective of the Fund is to deliver returns in excess of the Consumers Price Index (CPI) by 4.5% per annum, before fees, over the medium to long term. The relevant market index for the Fund is a composite index derived from the underlying asset classes of the Fund.

Full Mint Mint Diversified Growth Fund profile →

Documents

Crawled directly from each manager's website. How we record provenance →

Common questions

What's the difference between the AMP Balanced Managed Fund and the Mint Diversified Growth Fund?

Both are diversified funds available to NZ retail investors. AMP Balanced Managed Fund charges 0.40% lower in annual fund charges (0.81% vs 1.21%).

Which fund has lower fees, AMP Balanced Managed Fund or Mint Diversified Growth Fund?

AMP Balanced Managed Fund has the lower annual fund charge (0.81% p.a. vs 1.21% p.a.). Source: each fund's most recent Quarterly Fund Update on the FMA Disclose register.

Are both funds PIE-taxed in NZ?

Yes. Both are NZ Portfolio Investment Entities (PIEs). Investor tax on the fund's income is capped at the Prescribed Investor Rate (PIR), maximum 28%.

Where can I read the official documents for these funds?

Both funds publish their Product Disclosure Statement (PDS), Statement of Investment Policy (SIPO) and Quarterly Fund Update (QFU) on the FMA Disclose register at disclose-register.companiesoffice.govt.nz. Always read the current PDS before investing.

Not sure which fund is right for you?

Find a financial adviser on FinanceAdvisers.co.nz

Browse NZ-licensed financial advice providers and search by speciality, location and review.

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Important: This comparison is general information only — not personalised financial advice. Past performance is not a reliable indicator of future returns. The right fund for you depends on your personal circumstances. Read each fund's Product Disclosure Statement and consider speaking to a licensed financial adviser.