(1) The fund can operate the following programs in order to provide high returns to the savers by providing efficient investment services:-
(a) To conduct programs as specified in the field of social security such as contribution-based pension, health insurance by themselves or in collaboration with other organizations,
(b) To operate a contributory universal life insurance fund for civil servants, military and police personnel, teachers and employees of other organizations,
(c) To conduct the gratuity fund retirement program as specified.
(2) The fund may invest the amount accumulated in the fund to operate the voluntary or compulsory retirement fund and investor account scheme in the following areas for a specified period:-
(a) To invest in cash certificate (cash certificate) or fixed term deposit of a commercial bank established in accordance with prevailing laws,
(b) to invest in any organized institution under the conditions specified by the fund under the guarantee of a recognized commercial bank of the category "by the Government of Nepal or Nepal Rastra Bank",
(c) to invest in the shares of any commercial bank, financial institution, insurance company or such institution or company as the Fund deems fit,
(d) To invest in infrastructure construction projects to be completed in private and public-private partnership model with the government of Nepal or the state government and the private sector,
(e) to invest in bonds issued by the Government of Nepal from the funds collected in the Investor Account Scheme, Citizens' Union Scheme or other programs conducted by the Fund or from the Fund's own resources,
(f) To invest in foreign securities in cooperation with any domestic or foreign company or organization with the approval of Nepal Rashtra Bank from Nepali citizens living abroad in the Ekanga Yojana. (g) To invest in the construction of electricity generation or transmission or other infrastructure established or promoted by the Government of Nepal, the Government of the Province or any organized organization or entity wholly or partially owned or controlled by the Government of Nepal or the Government of the Province,
(h) any company or body corporateTo invest in debentures issued by the institution.
(3) Regardless of what tax is written in sub-section [2], the fund shall do the following while investing:-
(a) When investing in the shares of an organization as per clause (c) of sub-section (2) or being a founding shareholder, to invest not more than twenty five percent of the issued capital of such organized organization or company. But that limit will not be applied to set up a subsidiary company of the fund itself.
(b) While investing according to clause (g) of sub-section (2) of 8, the fund shall invest a maximum amount of twenty five percent in the shares of the relevant company,
(c) When investing in debentures issued by the same company or organization as per clause (h) of sub-section (2), to invest up to twenty five percent of the total debentures.
(4) The fund can provide loans in the following areas:-
(a) To give loans to organized organizations established according to prevailing laws,
(b) To provide loans by operating different types of credit schemes to the participants who deposit money regularly in the fund,
(c) Jointly grant loans in accordance with the mutual agreement by doing joint financing with commercial banks or financial institutions in the area deemed appropriate by the Fund. To acquire ownership of securities by investing in various types of securities,
(b) To act as a wholesaler and purchase securities invested in the first or second market,
(c) _ to give the participants in the retirement fund and investor account scheme operated by the fund the time and date to purchase securities,
(d) To encourage the organized institutions to issue securities and to provide necessary services in the form of primary issue and sales arrangements.
(6) The fund may establish subsidiary companies or organizations as per the requirements for capital market development as follows:-
(a) To establish a company by itself or with other financial institutions or bodies for investment expansion, (b) Collective investment scheme (mutual fund) with the participation of itself or other organized institutionsd) To establish and operate,
(c) To use the fund if it is acquired by a company or organization, or to run a project by itself or with any other organization, or to operate an organization, or to establish a new company or organization.
(7) In relation to the management of immovable property in the name of the fund, the fund shall have the following rights:-
(a) To purchase, acquire, own or rent any immovable property in lump sum, installments or in any other manner and to sell and lease any immovable property owned by him,
(b) constructing commercial or residential buildings by the fund itself or in association with other organizations on land owned by the fund or by purchasing land,
(c) To restore and sell the buildings constructed according to clause (b) of the real estate owned by him.
(8) The fund subject to this Act may also perform the following activities :-(a) Underwriting (underwriting) the shares of various organized organizations as determined by the fund itself or with other merchant banks,
(b) The committee to provide facility or facility of breeze financing to the organizations as specified,
(c) To provide efficient consultancy services regarding the financial arrangement of the organized organization and the alternative opportunities of savings and investment,
(d). To participate in the work related to the formation, management and control of the organizations invested by the fund,
(e) To provide consulting services related to the capital market, conduct related training and perform other related activities,
(f) To collect management fees, service fees, commissions, brokerage fees and other fees for the services provided by the fund,
(g) To carry out banking transactions with foreign banks after taking the approval of Nepal Rashtra Bank (h) to give permission to perform the work in accordance with the terms of the security or commitment given as a guarantee in relation to the fulfillment of the obligations according to the contract of commitment or agreement of any organized organization or to complete the work in accordance therewith,
(j) mortgage or hypothecation or security of any movable or immovable property orTo draw up and accept any contracts or agreements or documents or documents as required,
(h) To carry out monitoring and inspection as prescribed from time to time in relation to the misuse of the investment made or the loan disbursed by him in accordance with this Act.
(9) If the amount of loan, interest and damages given by the fund to a person cannot be recovered from the accumulated amount of the related person in the fund, the fund may recover such amount to be recovered from other movable and immovable assets owned by the fund in accordance with prevailing laws.