Why does my KiwiSaver balance go up and down? Scroll

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Fisher Funds Answers: Why does my KiwiSaver balance go up and down?

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28 July, 2022

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A KiwiSaver fund isn’t a savings account, it’s an investment. And like all investments, it’s value can go up and down over time. KiwiSaver Specialist, Sarah Ratcliffe, explains more in this short video.


As you contribute to your KiwiSaver account, whether it be through your workplace or voluntary contributions, you're actually buying units. These units represent your share of the assets in our funds, such as shares, bonds, and even commercial property. As the value of those assets go up and down, so too does the value of your units in the fund.

How much the value of the units in your fund fluctuates depends on the type of assets it holds and the overall performance of investment markets.

Conservative funds tend to experience less fluctuations with the goal of providing more stable returns, while growth funds tend to take on more risk to produce higher returns over the long term, this also leads to greater movements in the unit price in the short term.


Not sure which KiwiSaver fund you are in, or whether your current fund is right for your investment goals and timeframes? Answer our Investor Profile Questionnaire or contact us on 0508 FISHER (0508 347 437).

If you’d like to join over 200,000 Kiwis with New Zealand’s most trusted KiwiSaver provider, it’s easy to join or transfer here.

For more answers to questions like this, as well as insights from our investment team, visit our video library.


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