Should I stay in Industry Super Fund or Set up a SMSF for my long term planning? Definition SMSF (Self-Managed Super Fund): A private superannuation fund that you manage yourself. It allows for greater control over investment choices. Industry Super Fund: A type of superannuation fund that is typically run for the benefit of members, often associated with a specific industry or profession. Control SMSF: Provides complete control over investment decisions, including propert