Fund-vs-fund · Diversified
AMP Balanced Managed Fund vs Mint Diversified Income 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.
Why these two differ
The most material structural difference between these two funds is their growth asset allocation, which drives their contrasting risk profiles. The AMP Balanced Managed Fund holds 52.35% in growth assets against the Mint Diversified Income Fund's 22.72%, reflecting a meaningfully different strategic intent within the same diversified category. Correspondingly, AMP carries a risk indicator of 4 while Mint sits at 3 on the standard 1–7 scale, indicating Mint is positioned for lower volatility at the cost of lower expected long-run returns.
On fees, Mint charges 0.98% per annum versus AMP's 0.81%, a 17 basis point difference that compounds over time. Fund size is comparable — AMP at approximately NZD 44.6 million and Mint at NZD 45.4 million. Mint discloses a five-year annualised return of 1.87%; AMP's equivalent five-year return figure is not available in this snapshot and cannot be compared on that basis.
The portfolios reflect their different tilts clearly. AMP's top disclosed holdings include Fisher & Paykel Healthcare, NZ inflation-linked government bonds, NVIDIA, and Apple — a blend of domestic equity and international growth names alongside fixed income. Mint's largest disclosed position is its own Mint Australasian Equity Fund at 15.14%, with remaining top holdings concentrated in cash and short-dated corporate bonds, consistent with its income-oriented, lower-growth posture.
Neither fund is a KiwiSaver scheme; both are retail managed funds. Readers should verify all figures — including fees, returns, and asset allocations — against each fund's current PDS and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Cached comparison generated 2026-05-21 from each fund's latest FMA Disclose QFU. Regenerated when the underlying facts change.
What's different at a glance
- AMP Balanced Managed Fund charges 0.20% lower in annual fund charges (0.81% vs 1.01%).
- 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 67 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
1.01%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
AMP
—
—
Mint
1.35%
Bottom 13% over 5 years
Fund size
Larger = more stable, lower close-risk
AMP
NZ$45m
Lower half by size
Mint
NZ$41m
Lower half by size
| Metric | AMP | Mint | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 0.81% | 1.01% | Lower is better |
| Risk indicator (1–7) | 4 | 3 | Higher = more volatility |
| 5-year return p.a. | — | 1.35% | Higher is better (past not future) |
| Fund size | NZ$45m | NZ$41m | Larger = more stable, lower close-risk |
| Growth / income split | 53% / 47% | 23% / 77% | 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. |
Portfolio overlap
How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.
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 Income Fund
The Fund has a broad mandate which permits investments into New Zealand and international equities (including listed property if held), but will also hold cash and fixed-interest securities. The objective of the Fund is to deliver a total return (through a combination of income and capital growth) in excess of the Consumers Price Index (CPI) by 3% 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 that make up the Fund's Strategic Asset Allocation.Full Mint Mint Diversified Income Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
AMP
LiveLast verified 2026-05-08
Mint
LiveLast verified 2026-05-08
- Quarterly Fund Update327 kB · file fingerprint recorded
- Supporting document648 kB · file fingerprint recorded
- Annual Report361 kB · file fingerprint recorded
- Statement of Investment Policy158 kB · file fingerprint recorded
- Product Disclosure Statement1853 kB · file fingerprint recorded
- Supporting document1425 kB · file fingerprint recorded
- + 2 more on the fund page
Common questions
What's the difference between the AMP Balanced Managed Fund and the Mint Diversified Income Fund?
Which fund has lower fees, AMP Balanced Managed Fund or Mint Diversified Income Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
