Fund-vs-fund · Diversified
AMP Balanced Managed FundvsMint 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.
How much do these two overlap?
They hold 37 of the same securities. If you held both, roughly 11.2% 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.
| Shared holding | AMP Balanced | Mint Diversified | Min weight |
|---|---|---|---|
| Fisher & Paykel Healthcare | 2.01% | 2.72% | 2.01% |
| Auckland International Airport | 1.27% | 1.32% | 1.27% |
| Infratil | 1.06% | 1.94% | 1.06% |
| Contact Energy | 0.83% | 0.93% | 0.83% |
| Meridian Energy | 0.68% | 1.17% | 0.68% |
| Amazon.com | 0.82% | 0.63% | 0.63% |
| a2 Milk | 0.78% | 0.55% | 0.55% |
| Nvidia | 1.67% | 0.51% | 0.51% |
| Mainfreight | 0.46% | 0.80% | 0.46% |
| Microsoft | 1.00% | 0.42% | 0.42% |
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.
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 Income Fund
Why these two differ
The most material structural difference between these two funds is their allocation to growth assets. The AMP Balanced Managed Fund holds 53.15% in growth assets, carrying a risk indicator of 4 out of 7, while the Mint Diversified Income Fund holds just 23.37% in growth assets with a risk indicator of 3 out of 7. Both sit in the Diversified category, but they occupy meaningfully different positions on the risk-return spectrum within it.
On fees, Mint charges an annual fund charge of 1.01% compared to AMP's 0.81%, a 20-basis-point difference that compounds over time. For five-year returns, Mint discloses 1.35% per annum; AMP's five-year return figure is not available in this snapshot, so a direct historical performance comparison cannot be made. Fund size is similar — Mint at NZD 41.1 million and AMP at NZD 44.6 million.
The portfolios reflect their different risk profiles. Mint's largest disclosed holding is an internal feeder into its own Australasian Equity Fund (15%), with the remainder weighted toward cash and fixed income instruments. AMP's top holdings include direct equity positions in Fisher & Paykel Healthcare, NVIDIA, and Apple, alongside New Zealand Government inflation-linked bonds, with individual holdings each representing roughly 1–2% of the fund.
Investors weighing income stability against broader equity exposure, or comparing fee impact against return history, will find these two funds positioned quite differently despite sharing a category label. Always verify current figures against each fund's product disclosure statement and latest quarterly fund update on FMA Disclose before relying on any of this information.
Comparison generated 2026-07-05 from each fund's FMA Disclose QFU facts as at that date. If the underlying facts change, this narrative is withheld until it is regenerated — the tables on this page always reflect the current data.
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 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
1.01%
Upper half of cohort
5-year return p.a.
Past performance — not a predictor
AMP
—
—
Mint
1.35%
Bottom 11% 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. |
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
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?
