Hello mam, I am a 52 year old qualified woman, i left my well paid illustrious job after doing it for 13 years in 2008 to run my own business but due to some unforeseen and unfortunate personal and professional circumstances, I couldn't be successful in business due to lack of funding and no partners with me and remained a trader only in last 15 years. Although as a sole proprietor of the business, I handled all aspects of business my self like sales, marketing, finance, new clients generation etc, Got lot of experience as a sole proprietor but couldn't generate much revenue. I am a single woman industry. Now if I leave my business and go for a job with my total 28 years of job and business experience, how would I explain to interviewer the reason of leaving my business? How will i explain my business income which is much lesser than the current job salary of a person with 28 years experience in my field of business? I tried to go back in job several times in the last 15 years but couldn't because of these 2 reasons so please help. Thanks

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