InvestNow Mint Diversified Gr

InvestNow Mint Diversified Growth is a wrapper fund that holds the entire Mint Diversified Growth Fund beneath it, a structure that pushes the total fee to 1.21 percent annually. That sits above the category median and places meaningful drag on long-term compounding. The fund holds 78 percent in growth assets, with international shares taking 63 percent of the portfolio and Australasian equities another 15 percent. The balance sits in bonds and cash, with a small allocation to listed property.

Performance has been middling. The fund ranked 30th in its category over both one and three years, with a one-year return of 4.2 percent and three years annualised at 9.1 percent. The five-year figure of 4.9 percent annualised lifts it slightly to 23rd. At just over $6 million in assets under management, this is a small fund operating in a crowded field. The wrapper structure adds a layer of fees without adding diversification, since the underlying exposure is entirely to a single managed fund.

For investors comparing growth options, the fee level and scale are worth noting alongside the performance record. The fund's allocation is conventional for the category, but the cost and ranking suggest it has not stood out in a competitive segment.

General information only, not financial advice. Past performance is not a reliable indicator of future results.