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You'll be invested in the Balanced Growth (MySuper) option when you join HESTA. After joining the fund, you can switch to any of the following ready-made or sector-specific investment options.
We currently don't have that product, but here are others to consider:
How we picked theseFinder Score makes comparing superannuation products easier by scoring products out of 10 after assessing their performance, fees and features.
We assess products from over 40 providers based on their risk profile.
The information in this table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, Australian Financial Services Licence No. 421445. In limited instances, where data is not available from SuperRatings for a product, the data is provided directly by the superannuation fund.
*Past performance data and fee data is for the period ending September 2025
Based on HESTA super fund scores in Finder's 2024 & 2025 Customer Satisfaction Awards.
The table above shows the performance returns and fees for each of the investment options. Here's a bit more information on how each option differs.
| Ready-made investment options | Risk level | Investor type | Asset allocation |
|---|---|---|---|
| Balanced Growth (MySuper default option) This is the default investment option which all members will be placed in if you don't choose a different option after joining. It's designed for growth over the medium to long term. It has around 70% allocation to growth assets including local and international shares, private equity and property. | High | Ambitious |
|
| Conservative This option has the lowest risk level of all the ready-made options, with around 64% allocation to defensive assets including cash and bonds. It's designed for investors with a shorter investment timeframe (e.g.: if you're closer to retirement). | Medium | Cautious |
|
| Indexed Balanced Growth This option is designed to achieve growth over the medium to long term while lowering the costs of investing. It has around 75% allocation to growth assets, designed to match index returns. | High | Ambitious |
|
| High Growth This option is the highest risk level of all the ready-made options, with around 89% allocation to growth assets including local and international shares. It's designed for higher growth over the long term, and is suited for investors with a longer investment timeframe. | High | Very ambitious |
|
| Sustainable Growth This option has a similar asset allocation to the Balanced Growth and Indexed Balanced Growth options, with 73% allocation to growth assets including shares and property. However unlike the other options, this one excludes investment in tobacco, fossil fuels, uranium and weapon manufacturing. | High | Ambitious |
|
The Your Choice options are for more experienced investors who are comfortable being in control of their asset allocations, and investors who want to be more hands-on with their super. You can choose from seven asset classes, as detailed below, and split your super balance between them as you wish.
| Asset class | Risk level | Asset allocation |
|---|---|---|
| Cash and Term Deposits | Very low |
|
| Diversified bonds | High |
|
| Property and Infrastructure | Medium to High |
|
| International shares | Very High |
|
| Australian shares | Very High |
|
Automatic death and income protection cover is applied to your account when you join. You can opt out of this if you wish when you join, or cancel at any time after your account is opened. You can also tailor it to better suit your needs. You can also apply for lump-sum total and permanent disablement (TPD) cover if you wish.
If you've decided that HESTA's super account is right for you, you can apply online by filling out the application form.
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How to find out where what my super is invested in and some advice on what is the best and least risk right now
Hi Carol,
If you have access to your super account online, you should be able to see what investment option your account is in. You can also find this information on a recent statement. If you don’t have access to either of these, you can call them and discuss your options to get this information. The least risk is usually the “balanced” option and the most risk is usually the “growth” option. Hope this helps!
When you give a % figure of earnings made, is that after your fees are taken out or how is it worked out. I mean, I have over $1M, so that is a lot of fees you will take out. Is that fee negotiable.
Hi Trevor, We’re a review and comparison site, so we can’t provide personal customer service based on your account or fund value. Your best bet is to contact Hesta directly to see what your options are.
Do these super funds offer capped fee…..
currently i have $450k in my current super fund it has a capped fee of $3000 is similar offered by these other accounts
Hi Andre,
Thanks for your question.
Yes, the percentage-based administration fees and costs charged by Hesta are not charged on any amount of your account balance in excess of $500,000.
Hope this helps,
Elizabeth
I want to join Hesta
Hi Daniel, to join HESTA you need to complete the online application form available on HESTA’s website.
I want a super fund as I have been out of the work force for several years and only have a few hundred to put into a fund, but I want one with low fees, death and accident insurance. Im 52 years old and plan on working for the next 15-20 yrs.
What super fund do you suggest.
Regards
Belinda
Hi Belinda, you can use our tables to filter funds by the lowest fees first, if this is what you’re after. However, there is more to consider with super as well as just the fees. I’d suggest speaking to a financial adviser or accountant to get some personal advice on your super and what is best for you.