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Chocko

Chocko Valliappa  |462 Answers  |Ask -

Tech Entrepreneur, Educationist - Answered on May 13, 2024

Chocko Valliappa is the founder and CEO of Vee Technologies, a global IT services company; HireMee, a talent assessment and talent management start-up; and vice chairman of The Sona Group of education institutions.
A fourth-generation entrepreneur, Valliappa is a member of Confederation of Indian Industry, Nasscom, Entrepreneurs Organization and Young Presidents’ Organization.
He was honoured by the YPO with their Global Social Impact award in 2018.
An alumnus of Christ College, Bangalore, Valliappa holds a degree in textile technology and management from the South India Textile Research Association. His advanced research in the Czech Republic led to the creation of innovative polyester spinning machinery.... more
Sanjeeva Question by Sanjeeva on May 10, 2024Hindi
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Career

My brother is Btech in Computer science and engineering from HBTI Kanpur which he did in 1997 with 62% marks. Unfortunately while on job he met with an fatal accident in 2000 and was bedridden and underwent treatment till 2010. Now he is mentally and physically 95 % fit. He lives with mother who doesn't want him to live independently because of his health. He did a couple of job on adhoc basis ( not related to his education) near our home in Sidkul Haridwar till 2020 but lost job due to Covid. Can you please suggest something that he can work from home and earn. He has lost confidence and has become pessimist about his career. Please advise.

Ans: Your brother needs all the family support to come out of this traumatic life experience. Pl continue to cheer him up. Best course for him would be to upskill his computer science knowledge as this is one area that can lend opportunities to work from home. There are several online forums that can open up job opportunities. Similarly he can connect with his network of friends and classmates from HBTI over linkedin or Whatsapp or Facebook groups and seek connections to jobs that his network may know.
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Workplace Expert - Answered on Apr 03, 2024

Asked by Anonymous - Mar 19, 2024Hindi
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My elder brother is 27, BTech computer science from Lucknow. He worked for 6 months in an e-commerce start-up in Gurgaon and quit to preparing for UPSC and government jobs. He is still unemployed and doesn't want to give up. Everyone at home is concerned about his career and future. Should he continue preparing for his exams or look for a job? Kindly advise.
Ans: Hi,

Choosing between continuing exam preparation and seeking a job is a significant decision that should be based on various factors. Here's some advice tailored to your brother's situation:

1. Evaluate His Progress: Assess how much progress your brother has made in his exam preparation. Has he been consistent in his studies? Has he shown improvement in his performance in mock exams or previous attempts? If he's making good progress and has a strong determination to pursue a career in government services, continuing with his exam preparation might be a viable option.

2. Consider the Competitive Landscape: The competition for government jobs, especially UPSC exams, is intense in India. He should realistically evaluate his chances of success in these exams based on factors such as his academic background, preparation level, and the number of attempts he has left. If he faces challenges in cracking these exams, he may need to reassess his strategy.

3. Financial Stability: It's essential to consider the financial implications of continuing exam preparation without a stable source of income. If your brother's savings are running low or if he's dependent on family support, he might need to explore job opportunities to support himself financially.

4. Professional Growth: Working in the IT industry for six months has provided your brother with valuable experience. While preparing for exams, he could consider exploring part-time or freelance opportunities in his field to keep his skills updated and gain practical experience. This can enhance his resume and provide him with additional career options in the future.

5. Seek Guidance: Encourage your brother to seek guidance from career counselors or mentors who can provide insights into his career options and help him make an informed decision. They can also provide support and advice tailored to his individual circumstances.

Ultimately, the decision to continue exam preparation or look for a job should be based on a thorough assessment of your brother's goals, abilities, and circumstances. It's essential for him to weigh the pros and cons carefully and choose a path that aligns with his long-term career aspirations and financial stability.

..Read more

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Milind

Milind Vadjikar  |741 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 03, 2024

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What happens when a Mutual Fund company shuts down / gets sold off?
Ans: Hello;

If a mutual fund company gets sold or fails, the process is prescribed by SEBI:

In case MF company is Sold,
The new fund house may:
1. Continue the scheme with a new name and management.

2. Merge the scheme with similar funds and offer investors the option to exit without any exit load.

In case MF company shuts down,
The fund house will:
1. Pay out investors based on the fund's last recorded Net Asset Value (NAV) and the number of units the investor holds, after deducting expenses.

2. If the company is not in a position to do so then SEBI may liquidate the funds assets and distribute the proceeds to unit holders.

It is also pertinent to note that mutual fund regulation in India is one of the most stringent and hence best, from investor's point of view, globally.

This is not just in theory. We have seen how the Franklin Templeton abrupt closure of debt funds was handled with surgical precision, by SEBI, with no loss to unitholders.


Skin in the game regulation mandates that 20% salary of key mutual fund personnel and fund managers is paid in terms of units of their funds with a 3 year lock-in.

The stocks and bonds purchased by the AMC for the fund are held by a custodian, appointed by the trust that administers the fund.

The trust engages into a investment management agreement with the AMC for managing the fund as per their mandate and within regulatory guidelines.

Registrar and Transfer Agents handle the investor registration,kyc, maintaining records, providing account and tax statements etc.

Happy Investing;
X: @mars_invest

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