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GROW Super | Super Fund Review

Choose from up to 13 investment options and track your super balance via the handy mobile app.

GROW Super is closed to new fund members, however if you're already a member you can still maintain your account and switch investment options.

GROW Super offers existing members up to 13 different ways to invest for their retirement. Members can choose from a mix of core and personalised investment strategies, and keep track of your investment via the mobile app. GROW Super also offers a certified MySuper product, which is the default investment option for those who do not choose which option they’d like to go with.

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N/A

Past performance - 5 Years

$665

Annual fees on $50k balance

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Details

Product NameGrow Super
Past performance - 5 YearsN/A
Annual admin fee0.83% of balance p.a.
Insurance includedDeath,Income Protection

Key features

  • Consolidate your super. GROW can help search for any lost super you may have. Once found, GROW can consolidate it into your new account so it’s all in one place.
  • Invest spare change. You have the option to round up your everyday transactions to the nearest $1 or $2 and add this spare change to your super.
  • Invest in industries you care about. The tactical tilt investment option allows you to invest in industries you’re passionate about, for example tech, startups or sustainable companies.
  • Expert investment managers. Your money is managed by Dimensional Fund Advisors.
  • Mobile app available. GROW offers a streamlined mobile app, so you can easily keep an eye on, top up or switch your super on the go.

Investment options

GROW offers eight core investment options, including a MySuper product, and five Tactical Tilt options. Core options are managed on your behalf, and you can select one based on your risk appetite and asset allocation preferences. Tactical Tilt options can be added to your investment to work in conjunction with your chosen core option. You must have at least 85% of your investment in a core option with a maximum of 15% in Tactical Tilt options.

See details of the various investment options in the following tables. GROW Super is a new product so past performance data is not yet available.

Core investment options

Core optionRisk level Asset mix
GROW MySuper (default option) High
  • Cash: 2–42%
  • Fixed interest: 8–41%
  • Australian equities: 22.5–45%
  • International equities: 22.5–45%
  • Property: 0%
GROW 30Low to medium
  • Cash: 0–5%
  • Fixed interest: 65–75%
  • Australian equities: 8–14%
  • International equities: 13–22%
  • Property: 1–4%
GROW 40Medium
  • Cash: 0–5%
  • Fixed interest: 55–65%
  • Australian equities: 10–18%
  • International equities: 17–29%
  • Property: 1–5%
GROW 50Medium
  • Cash: 1–5%
  • Fixed interest: 45–55%
  • Australian equities: 13–23%
  • International equities: 21–36%
  • Property: 1–6%
GROW 60Medium to high
  • Cash: 0–5%
  • Fixed interest: 35–45%
  • Australian equities: 16–28%
  • International equities: 25–43%
  • Property: 1–7%
GROW 70Medium to high
  • Cash: 0–5%
  • Fixed interest: 25–35%
  • Australian equities: 18–23%
  • International equities: 29–50%
  • Property: 1–8%
GROW 80High
  • Cash: 0–5%
  • Fixed interest: 15–25%
  • Australian equities: 21–37%
  • International equities: 34–58%
  • Property: 2–10%
GROW 100Very high
  • Cash: 0–5%
  • Fixed interest: 0%
  • Australian equities: 26–46%
  • International equities: 42–72%
  • Property: 2–12%

Tactical Tilt investment options

Tactical Tilt optionRisk levelInvestment strategy and asset mix
Industrial TechVery highFast-growing, innovative global companies.

  • Cash: 0–5%
  • International equities: 95–100%
Future InternetVery highGlobal companies on the leading edge of internet innovations.

  • Cash: 0–5%
  • International equities: 95–100%
Global Sustainability Very highGlobal companies with a focus on environmental and sustainability impact.

  • Cash: 0–5%
  • International equities: 95–100%
Green EnergyVery highCompanies that produce energy from solar, wind and renewable sources.

  • Cash: 0–5%
  • International equities: 95–100%
Global Property HighListed international and local real estate securities.

  • Cash: 0–5%
  • Property: 95–100%

Fees: GROW MySuper investment option

  • Admin fee: + 0.83% of balance.
  • ICR: 0.5%
  • Annual fees on $50,000 balance: $665

You can switch your Tactical Tilt investment option a maximum two times a year for free, and after this there is a $25 fee per trade.

Insurance

When joining GROW Super you’ll automatically receive death (including terminal illness) and total permanent disability (TPD) cover. The level and cost of this cover will depend on your personal circumstances. You can choose to increase your level of default cover or add income protection cover at any time.

Pros and cons

Pros

  • Mobile app available
  • MySuper product available
  • Invest your spare change
  • Invest in industries you care about
  • Customise and self-select your insurance

Cons

  • Closed to new members - only open for existing members
  • Less control over asset allocation than some other funds
  • Can only switch investment options for free twice a year, after which a fee applies

How do I apply?

Unfortunately GROW Super is closed to new members. If you're an existing member, you can still maintain your super account and switch your investment options.

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