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Mayank

Mayank Kumar  | Answer  |Ask -

Education Expert - Answered on Apr 14, 2023

Mayank Kumar is the co-founder and managing director of upGrad, a higher EdTech company. With over 10 years of experience in the education sector, Kumar can offer guidance about degree courses, campus, job-linked and executive programmes and studying abroad.An MBA graduate from ISB Hyderabad, he holds a BTech in mechanical engineering from IIT Delhi.... more
Sonia Question by Sonia on Apr 14, 2023Hindi
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Career

Hello sir, My son is in Class 10 and is good in studies. His trackrecord has been 90+ in all subjects in all classes. Now after 10th he shall have to choose a particular stream which he is confused because he has no vision of a career to choose. As a parent I am not able to decide his interest in any subject because he scores good in all subjects. He is an introvert and lacks communication skills. My husband being a Chartered Accountant wishes him to take up commerce stream but my son is not very fond of this profession. My son has brains and I fear a wrong choice may sabotage his career. Kindly advise

Ans: Hello! Speak to your son and understand where his interests are growing. If he is not fond of something, I would say you can explore getting him to speak to a few people in that field in case that they may change his view-point but pushing him in a direction where his interests don't lie won't benefit him in the long run. Lastly, have an honest conversation with him about his strengths and weaknesses and accordingly zero in on an interest area which could be potential career options for him
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Anu

Anu Krishna  |1350 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Aug 07, 2024

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Maam, Need your advice for my son's Carrer. Currently he is pursuing PU I - Commerce. In fact, he has only selected the course and pursue CA, even though he was having better % in 10th Board exam. Few challenges - Teenage related problem and more time on Gadget. - Time management. - As a parent we are very much worried about his future and tried our level best to explain, But somehow things are not moving in proper direction Kindly advise if there is a way, we can put him back to the track and focus on the studies for his betterment
Ans: Dear Balaji,
The distractions in this Digital Age are many and in a way, I do believe that if you want to see your child change, it begins at home.
Time Management is one of the most essential factors while studying for competitive exams and electronic gadgets can throw that off gear. Put down a gadget-free time at home where every member adheres to it. When your son sees everyone at home doing this, it becomes less of a resistance for him to turn in his gadget.
As for better focus, it's time he takes responsibility else you will be constantly hand-holding him. He needs to understand that not paying attention to studies in only going to result in poor grades. Let him realize that on his own.
A few ways to improve focus:
- sports or any physical activity for at 40 mins every day
- drawing/painting/any creative activity that he enjoys for at least 15 mins every day
- mind exercises to improve focus find videos on the internet on this)
- no nagging from family members as they only result in rebelling from the other side
- being supportive as parents BUT shifting responsibility to him

You can only try if these work. Usually parents throw their hands up in the air and say: I have done all this, nothing works!
Well, your children and when something does not work, try something else to make things work, right? I am this will work...

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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Milind

Milind Vadjikar  |741 Answers  |Ask -

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

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Money
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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