MAIN OBJECTS OF ASSET MANAGEMENT COMPANY

To promote, establish, manage, organise, handle, operate or float an asset management company to manage all types and kinds of assets of Mutual Funds in India or abroad in all its branches whether open ended or close ended or other schemes as may be approved by the Securities and Exchange Board of India or other authorities from time to time under the prevailing laws, rules, regulations and guidelines.
To set up asset management company for any bank, mutual fund or insurance company or constitute trusts and to do all such acts and things as may be necessary for the management of movable assets likes, shares, debentures, government securities commercial papers, inter – corporate deposits or special deposits etc. and to act as custodians of such assets and properties as may be required.
To establish, promote, form, organise, sponsor, operate, supervise, manage and carry on business as administrators or managers of investment funds, mutual funds (both local as well as offshore), growth funds, income or capital funds, taxable or tax exempt funds, provident funds, pension funds, superannuation funds, charitable funds, trusts funds, of person or bodies of persons whether incorporated or not, as part of mutual fund business for investment in equity and other securities, to contribute to the development of capital market and for providing facility for participation by subscribers, holders of units in the mutual funds and in the profits or income arising from the acquisition, holding, management and disposal of the securities and other properties whatsoever and for that purpose to promote, establish, manage and carry on various schemes as may be approved by Securities & Exchange Board of India (SEBI) and all concerned authorities and conducive to the management of the company concerning shares, stocks, debentures, debenture stocks, bonds, units, obligations, securitised debts, promissory notes, participation certificate, policies, money market investment securities, policies of the Central and State Government, company, corporation, municipal, local or other body or authority or obligations of other securities or investments of any kind or description whether in India or in any foreign country.
To act as financial consultants, management consultants and to provide advice, service, consultancy in various fields, general administrative, secretarial, commercial, financial, legal, economic, labour, industrial, public relations, scientific, technical, direct and indirect taxation and other levies, statistical, accountancy, quality control and data processing.