VicSuper Growth (MySuper)

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Past 5-year return
10.96%
Admin fee
$78
Calculated Fees on 50k
$643
Daily unit pricing & investment switching
Diversified MySuper Growth investment option
Responsible investments
No commissions. Advice to members usually at no extra cost
Established in 1994 to administer the superannuation of Victorian Government employees, VicSuper is now a public offer industry fund. VicSuper won the 2018 Best New Innovation Award for its Beeline online advice tool, and the fund was also a finalist for the 2018 Choice Super of the Year Award, with a Platinum rating achieved for the sixth consecutive year. VicSuper's strong commitment to environmental, social and governance principles has also resulted in the fund receiving a 2018 Infinity Recognised status for the fifth time.As a re-badged version of VicSuper's existing default Growth investment option, the Growth (MySuper) Option actively invests in a range of diversified assets, including shares, infrastructure, property, fixed interest and cash. The Growth (MySuper) Option has outperformed the SuperRatings Index over the 1 and 5 years to 30 June 2017. Choice members can also access a full investment menu of eight investment options and Term Deposits.Fees for the Growth (MySuper) option are lower than the industry average across all assessed account balances, with the percentage based administration fee capped on account balances over $507,857. No switching fee or exit fee are charged, and commissions are not paid to financial advisers. MySuper members automatically receive six units of Death/TPD cover and Income Protection cover, with a 90-day waiting period and benefit period up to 2 years. Members can also apply for an unlimited amount of Death only cover and up to $5 million of Death/TPD cover, subject to full insurance underwriting. Additional IP is also available over a 2 year, 5 year or up to age 65 benefit period, with a choice of 30, 60, and 90 day waiting periods. VicSuper offers a variety of extra benefits, including free superannuation advice, educational seminars held around Melbourne and regional Victoria and online account access.

Fees & fund features

Admin fee
Admin fee
$78
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.45%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$78
Exit fee
Exit fee
$0
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.45%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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