ASMF aims at achieving a good rate of current income consistent with the prospects of appreciation in the value of amount invested and to provide the facility to join or leave the fund at their convenience.

The Fund invests mainly in high quality listed equity securities. In selecting equity securities, the Fund considers the reputation of the management, liquidity, profitability, dividend record and prospects of earning growth. The remaining net assets are invested in Cash and / or near cash instruments which include cash in bank accounts (excluding TDRs), and treasury bills not exceeding 90 days maturity; and it does not take exposure in Continuous Funding Sysytem (CFS). The asset allocation in each instrument will depend on prevailing market conditions.

Unit Holders of Atlas Stock Market Fund, other than a company, shall be entitled to a tax credit under Section 62 of the Income Tax Ordinance 2001 on purchase of new Units. The amount on which tax credit will be allowed shall be lower of:
(a) amount invested in purchase of new Units; or
(b) fifteen percent of the taxable income of the Unit Holder; or
(c) Rupees Five Hundred Thousand (Rs 500,000);
and will be calculated by applying the average rate of tax of the Unit Holder for the tax year. If the Units so acquired are disposed within thirty six months, the amount of tax payable for the tax year in which the Units are disposed shall be increased by the amount of credit allowed.