Habib Asset Management Limited was incorporated on September 30, 2005 as a Public Limited Company. The main objective of the company is to float open-end mutual funds for different class of investors. Habib Asset Management has launched First Habib Income Fund, first fund of the series of funds to be launched. This fund is for the risk conscious investors who do not want to take risk of share market fluctuations. Fund invests in TFCs, Money Market instruments, CFS market and Spread Transactions. Habib Asset Management Company is operative under Non Banking Financial Institution Rules 2003 (NBFIs Rules 2003).