Specific Fund Management Directorate will guide and oversee the implementation of directions and decisions of the Managing Committee of the respective funds and to make suggestions regarding augmentation of resources, eligibility criteria for beneficiaries and disbursements, relating to the functioning of three funds namely The Chartered Accountants Benevolent Fund (CABF), The S. Vaidyanath Aiyar Memorial Fund (SVAMF), The Chartered Accountants Students Benevolent Fund (CASBF) for achieving their objectives and any other fund which will be added subsequently.

The functions of the funds are given below:

• The Chartered Accountants Benevolent Fund (CABF)
  
  
  • 1. To Provide Financial Assistance for maintenance, education or any other similar purposes to needy members of the institute, their wives, widows, children, relatives, or other dependents.
    
    
  • 2. To augment funds to provide requisite support to members by launching special drive and to recognize the contributors.
    
    
• The S. Vaidyanath Aiyar Memorial Fund (SVAMF)
  
  
  • 1. Processing and disbursement of grant to the branches & Regional Councils for organizing SVAMF Memorial lecture.
    
    
  • 2. Provide financial assistance to poor and deserving articled/audit clerk for payment of coaching and examination fees.
    
    
• The Chartered Accountants Students’ Benevolent Fund (CASBF)
  
  
  • 1. To provide Financial Assistance to the students to pursue further studies or give financial aid in the form of welfare including medical aid.
    
    
  • 2. To provide Scholarships to the students.