compare

how inaam stacks up.

We get asked this a lot. Here is the honest side by side: what we do, in our own words, and the question worth asking whoever else you are weighing us up against.

get the app how it works

Sign-up happens in the app. The subscription is $10 a month, $120 a year. The minimum to invest in the fund is $100, and SMSFs and family trusts are welcome.

a magnifying glass held over a fund report

asked and answered

the short answer, before the table

inaam is an Australian impact investing app built on a registered managed investment scheme, the inaam Impact Investments Fund, ARSN 691 614 132. The subscription is $10 a month, and the minimum you put into the fund itself is $100. You rank five impact themes, your money is allocated across them, and every company the fund holds is named to members in the app, and the ten highest scoring are on how it works. A flat subscription, a named holdings list and themes chosen by members: that combination is what separates inaam from the four things Australians usually weigh it against. As far as we know, inaam is the only impact fund in the world open to retail investors where you can choose how you want to invest and the impact can be pointed at company by company, rather than sitting on the product as a label.

$10a month, flat. The same at $500 or $50,000.
$100the minimum into the fund itself.
23companies held, every one of them named.
5impact themes, and you rank them.

side by side

inaam against the options people actually weigh us up against

Every figure here is the provider’s own published number, read on 6 October 2026, and each one links to the page it came from. Fees and minimums move, so the current PDS or fee schedule is the authority on its own numbers, ours included.

Five columns will not fit a phone. Scroll the table sideways; the row you are reading stays put on the left.

	inaam	raiz	spaceship	australian ethical	betashares ethi
what it is	impact investing app	micro-investing app	growth investing app	ethical fund manager	ethical ETF
minimum to start	$100into the fund. The subscription is a separate number.	$5per its fee page	noneper its product page	$1,000$500 on a regular investment plan, per its published fee schedule	about $17one unit, plus brokerage. NAV at 5 Oct 2026, per the fund page. Most brokers ask for $500 on a first purchase.
what you pay	$10 a monthflat. $120 a year, whatever your balance.	$2.50 to $6.50 a monthby plan. 0.275% p.a. above $26,000 on Regular. Per its published fee schedule	$3 a month, plus 0.15% to 0.50% p.a.the monthly fee is nil while every portfolio is under $100. Per its published fee schedule	1.39% to 1.69% p.a.on the retail funds its $1,000 minimum opens: 1.60% on its Balanced Fund, 1.69% on its Australian Shares Fund, plus transaction costs and a buy/sell spread. Its wholesale class costs less and starts at $25,000. Per its published fund pages	0.59% p.a.plus brokerage, per the ETHI product disclosure statement
the fee stays the same as you grow	yes. always. Ten dollars does not move.	partly. up to $26,000 on its Regular plan	no. a share of each portfolio	no. a share of your balance	no. a share of your balance
you choose what your money backs	yes. you rank the five impact themes, and the money follows	partly. preset portfolios, or your own mix of shares and ETFs on its Plus plan. Per its plans page	no. you pick from five preset portfolios	no. you pick a fund	no. one published index rule
picks for impact, not just screens out	yes. actively picked against three published pillars	no. one socially responsible option, Emerald	partly. one of its five portfolios, Earth, is picked for positive impact. Per its portfolio page	partly. avoids harmful sectors, with some positive picks	no. screened against an index rule
return, and the period it covers	+4.56%whole fund, year to date, 1 Jan to 5 Oct 2026. Time-weighted, net of fees, from the fund’s own IBKR record.+11.98% at its August peakthe best of our 21 strategies, year to date on 21 Aug 2026. Your return depends on the five themes you rank, and the other 20 returned less.	per portfolioRaiz publishes returns for each preset portfolio rather than one headline number. See its portfolio disclosures	12.87% p.a.Universe Portfolio, annualised since it was funded on 15 May 2018, to 31 Aug 2026. Its other portfolios differ. Per its product page	per fundAustralian Ethical publishes returns for each of its funds rather than one headline number. See its performance pages	6.99%one year to 31 Aug 2026, after management fees and costs, distributions reinvested. Per the fund page
every company you own, by name	yes. in the app, any time. 23 of them today.	partly. the funds in your portfolio	partly. portfolio holdings published	yes. full holdings published	yes. daily holdings list

Read the returns row carefully. The four periods are not the same, and no honest layout can make them the same. inaam’s number is nine months, because the fund is nine months old. Spaceship’s is annualised over eight years. Betashares’ is one year to 31 August. A longer record is not the same thing as a better one, and a shorter one is not the same thing as a worse one. Past performance is not a reliable indicator of future performance. inaam’s figure is the fund’s actual time-weighted return, not the backtest shown on the homepage. General information only. It does not take your objectives or circumstances into account. Consider the PDS and TMD, and we recommend independent advice, before investing.

Product terms change, and the detail that matters sits in each provider’s own documents. Read the current PDS or product page before you decide, ours included. inaam is not affiliated with any platform named here, and nothing on this page is a recommendation about anyone else’s product.

inaam vs raiz inaam vs spaceship inaam vs australian ethical inaam vs betashares ethi raiz vs spaceship

the one people type

raiz vs spaceship, and where inaam sits

Both are apps that put small amounts into ready-made portfolios. They differ in how the money gets in, what it buys, and what it costs as your balance grows.

micro-investing app

raiz

Raiz rounds up your everyday purchases and invests the spare change, alongside any regular or lump sum deposits. You can start with $5. It costs $2.50 a month on Lite, from $5.50 on Regular and from $6.50 on Plus. Larger balances pay 0.275% a year: above $26,000 on Regular, above $28,000 on Plus. Regular has eight preset portfolios, including Emerald, its socially responsible option, and Plus lets you build your own mix of shares and ETFs.

growth investing app

spaceship

Spaceship Voyager has no minimum. You choose from five portfolios: Universe, Earth, Origin, Galaxy and Explorer. Earth picks companies expected to have a positive impact on people and the planet. Each portfolio carries a management fee of 0.15% to 0.50% a year. On top of that there is one monthly fee, which does not apply while every portfolio is under $100.

impact investing app

inaam

inaam is one registered fund, picked for impact across five themes that you customise. The subscription is $10 a month whatever your balance, the minimum into the fund is $100, and every company the fund holds is named in the app. A buy-sell spread of 0.1% applies when you invest and when you leave. It suits someone who wants to read what their money owns and say where it is aimed.

raiz vs spaceship, line by line

Read on 6 October 2026 from Raiz’s fees page, Spaceship’s Voyager page and its Earth portfolio page. Product terms change, and each provider’s current PDS is the authority on its own product. Nothing here is a recommendation about either of them.

raiz vs spaceship, quick answers.

what is the difference between raiz and spaceship?

Raiz is a micro-investing app. It rounds up your purchases and invests the spare change into a preset portfolio, and you can start with $5. Spaceship Voyager is a growth investing app with no minimum and five portfolios to choose from. Raiz charges a monthly fee by plan, from $2.50. Spaceship charges a management fee of 0.15% to 0.50% a year on each portfolio, plus a monthly fee once any portfolio reaches $100. These are each provider’s own figures, read on 6 October 2026.

does raiz or spaceship have an ethical option?

Both do. Raiz has Emerald, its socially responsible portfolio. Spaceship has Earth, which picks companies expected to have a positive impact on people and the planet and screens out sectors including fossil fuels, weapons, tobacco and gambling. At inaam the whole fund is picked for impact across five themes, and members customise those themes.

which costs less: raiz, spaceship or inaam?

It depends on your balance. Raiz and inaam charge a flat monthly amount: $2.50 to $6.50 at Raiz depending on the plan, and $10 a month at inaam. On larger balances Raiz charges 0.275% a year in place of its monthly fee. Spaceship charges a monthly fee plus 0.15% to 0.50% a year on each portfolio, so what you pay there rises with your balance. Work out the yearly total at your own balance from each provider’s current fee page.

how is inaam different from raiz and spaceship?

inaam is one registered fund, picked against three published pillars across five impact themes. You customise the themes, every company held is named in the app, and the subscription is a flat $10 a month with a $100 minimum into the fund. Raiz and Spaceship are built to make investing small amounts easy. inaam is built so you can see what your money owns.

the four kinds of option

who people mean, category by category

Four categories come up in this question. Here is what each one actually is, who people mean when they say it, and where inaam sits among them.

gold coins, the spare change a round-up app invests

micro-investing and growth apps

Anyone typing “raiz vs spaceship” is choosing between two shapes: spare change into a ready-made mix, or a straight growth portfolio. inaam answers a different question.

Round-up apps are built so money gets invested with as little thought as possible. That is the point of them, and they do it well.
Growth apps offer a small number of portfolios aimed at long-run capital growth. Each of these two has one with a values lean: Emerald at Raiz, Earth at Spaceship.
inaam is built for the opposite instinct: so you can see where the money went and say where it should go next.
If you want your spare change invested without thinking about it, a round-up app does that better than we do.

who people meanRaiz Spaceship

ethical managed funds

Screened managed funds and super run by a fund manager, usually with a larger minimum than an app and a fee taken as a share of your balance.

They carry decades of history and a large research bench. We do not, and pretending otherwise would be silly.
inaam charges a flat subscription rather than a percentage, so the fee does not grow as the balance does.
inaam members see the whole holdings list in the app, not a top ten, and members customise the themes the money is aimed at.
Read the current PDS of anything you are weighing up, ours included, for its actual minimum and its actual fees.

who people meanAustralian Ethical

a magnifying glass, for a fund screened against an index rule

ethical ETFs

A single listed fund you buy through a broker and then hold yourself, screened against a published index rule.

It is self-service. You place the trade, you rebalance, you decide when to add.
inaam is a managed fund with the picking done for you, against three published pillars rather than an index rule.
You reach it through an app, not a broker, and the impact is reported next to the balance.
If you are happy running your own trades, an ETF is a reasonable thing to prefer.

who people meanBetashares ETHI

a money tree, for savings that grow until retirement

super

The one on this list that is not really a competitor. It is compulsory, mostly paid in by your employer, and you cannot get at it yet.

It is preserved until retirement age with only limited exceptions, which ASIC’s Moneysmart sets out.
Your own fund may already have an ethical option inside it, and its PDS will say.
inaam sits outside super, with money you can request back subject to the fund’s withdrawal terms.
They are separate decisions. Picking an ethical super option does not rule out investing with inaam, or the other way round.

where inaam sits

inaam suits someone who wants the picking done for them, wants to read the list of what they own rather than take it on trust, wants to say which themes the money is aimed at, and is investing for three to seven years rather than for next month. The fund’s own target market determination says plainly that it has not been designed for anyone who needs access to their capital at short notice, or who is risk-averse and not in a position to tolerate a capital loss. If that is you, one of the other four is the better fit, and it is better said here than after you have joined. Nothing on this page is a recommendation about anyone else’s product, and product terms change, so read the current PDS or product page of whatever you are comparing.

side by side

what to check, line by line

Our answer in one column. The question that gets you a straight answer out of anyone else in the other.

	inaam	what to ask the one you are comparing
how much to start	$100 into the fund. The subscription is $10 a month, and it is a separate thing from the money you invest.	Is the minimum the same number as the fee, or two different numbers? Which one actually buys you units?
what you pay	$10 a month flat, $120 a year, not a share of your balance. A buy-sell spreadA small charge when money goes into the fund and when it comes out, 0.1% each way. It is how the fund covers its own transaction costs. of 0.1% applies when you invest and when you leave. Brokerage is paid by the fund, not by you.	Is the fee flat or a share of the balance, what else sits underneath it, and what is the total you would pay in a year at your balance?
what any return figure means	Ours is above: the fund’s actual time-weighted return, with its period and its as-at date attached to it, because a return figure without those is not a figure.	Is it actual or simulated, is it after fees, what period does it cover, and does that period include a bad year? Past performance is not a reliable indicator of future performance.
how they pick companies	Actively, against three published pillars: financial robustness, purposeful impact and leadership calibre. The holdings sit across five impact themes, and members customise the themes themselves.	Does it exclude bad companies, actively pick good ones, or both? Is the method written down where you can read it?
can you see your money	Every company the fund holds is visible by name in the app, any time, with the reason it is held.	Can you read the whole holdings list, how current is it, and do you get a theme or the actual companies?
who it is built for	Australians who want their money aimed at something and want to be able to read what it is aimed at. SMSFs and family trusts are welcome too.	Who is the product designed for? The target market determination says so in writing, and it is worth two minutes.
who regulates it	The inaam Impact Investments Fund, ARSNAustralian Registered Scheme Number. The registration number a managed investment scheme gets from ASIC. 691 614 132, is a registered managed investment scheme. Primary Securities Ltd (AFSLAustralian Financial Services Licence. A company needs one to deal in financial products or to advise on them. No licence, no business. 224107) is the responsible entity. inaam is a corporate authorised representative (CAR No. 1318254) of Non Correlated Advisors, AFSL 430126.	Who holds the licence, who is the responsible entity, and where do the PDS and the TMD live?

pricing

ten dollars a month. that's the fee.

The subscription is $10 a month, flat. That is $120 a year whether your balance is $5,000 or $200,000. A percentage fee takes a larger dollar amount every year your balance grows. Ten dollars doesn't.

A buy-sell spread of 0.1% applies when you enter or exit the fund. It stays in the fund to cover transaction costs.

Illustrative only. The 1.5% comparison is fund, platform and advice combined: ASIC Moneysmart, June 2026, the low end of REP 702's 1.45% to 2.3% range. Typical published ranges, not a quote from any named provider. The fund carries its own costs, set out in the PDS. The $10 subscription is separate from your investment. The minimum to invest in the fund is $100.

at $120 a year, the flat subscription works out to

of that balance, every year. The percentage falls as the balance grows.

your balance

after one year of contributions, about $1,200

adding to it

Once you reach an $8,000 balance, our flat fee is the best value we offer. Add whenever you want and that value comes sooner.

dollars p.a. the old way share of balance inaam, $10 a month

we cost more

$1,000

$15 · 1.5%

$120 · 12%

$5,000

$75 · 1.5%

$120 · 2.4%

we cost less

$10,000

$150 · 1.5%

$120 · 1.2%

$25,000

$375 · 1.5%

$120 · 0.5%

$50,000

$750 · 1.5%

$120 · 0.2%

$100,000

$1,500 · 1.5%

$120 · 0.1%

12.5x cheaper at $100,000.$120 subscription against their 1.5%.

Their 1.5% is fund, platform and advice combined. ASIC Moneysmart, June 2026, the low end of REP 702's 1.45% to 2.3% range. Comparison figures are typical published ranges, not a quote from any named provider. The fund carries its own costs, set out in the PDS. Nothing in this chart is a statement about returns.

what the flat subscription means at your balance

Early on, $120 a year is a large share of a small balance, and the calculator above says so rather than hiding it. As the balance grows the share falls, and past about $8,000 the flat $120 sits below the typical 1.5% all-in cost of fund, platform and advice.

The 1.5% comparison is fund, platform and advice combined: ASIC Moneysmart, June 2026, the low end of REP 702’s 1.45% to 2.3% range. Typical published ranges, not a quote from any named provider. The fund carries its own costs, set out in the PDS.

the short answer

what makes inaam different

Three things, and none of them is a claim about anybody else.

methodology, not just screening

Screening is a filter: it takes the worst companies out and stops there. We do the other half as well, and verify impact with data, company by company, against three pillars and across five themes. The result is published by name in the app, so the working can be checked.

a flat subscription, not a percentage

$10 a month, $120 a year, whether the balance is $500 or $50,000. A percentage fee takes a larger dollar amount every year your balance grows. Ten dollars does not move. The subscription is separate from the $100 minimum you put into the fund.

plain words, not adviser jargon

Written in words you would use out loud, not in adviser jargon, and designed for a phone rather than squeezed down from a desktop. The learning sits inside the process, at the point where you need it.

where to next

keep reading

how it works the five themes about inaam the asterisk project*questions, answered

General information only. It does not take your objectives or circumstances into account. Consider the PDS and TMD, and we recommend independent advice, before investing.

read the method before you pick.

The screen, the holdings and the costs are all published. Read them, ask anyone else the same questions, then decide.

see how it works get the app

the only asterisk* of investing with inaam is a better planet.

The fund lives in the app. Download it, read it over a coffee, customise your themes.

download on theapp store get it ongoogle play

General information only. Consider the PDS and TMD before investing.