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Amit

Amit Bansal  | Answer  |Ask -

Answered on Jun 18, 2010

Raj Question by Raj on Jun 18, 2010Hindi
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Career

MOst of the career switches in india are purely dude to compensation concerns . But why is it ever one lies about the reason for the job switch.??

Ans: Fact is you cannot state that you are moving for money. The interviewes will believe that you will join the next company offering you a little more
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Shekhar

Shekhar Kumar  |154 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 14, 2024

Asked by Anonymous - Apr 14, 2024Hindi
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Eventhough you are ready to Grab the oppurtunity and behave in flexible manner When you are not working currwntly it becomes nightmare to join a job once again HR dept, Interview panel Sr Mgmt dont look for Solutions to their Requirements posted online whether it is Naukri or Indeed or Linkedin Getting selected but not finalising Putting Selected candidates on hold for 2 to 3 / Even 3 to 6 months shows worst economy In india especially post covid scenario Not able to recover in career to bring myself back on track after innumerable attempts Location constraints Language constraints Relavang exp / Relavant ind constraints Age constraints Slow Decision making from Corp Mgmt and BUSINESS HEAD / MD / CEO Facing rejection with cool attitude
Ans: Thank you for sharing it to me. It sounds like you're facing a challenging situation, and I understand how frustrating it can be to navigate the job market, especially in the current economic climate. Here are some insights and strategies to help you cope with these challenges:

Despite facing setbacks and rejections, it's essential to remain persistent and resilient in your job search. Keep applying to relevant positions, refining your resume and cover letter, and reach out your professionals network in your industry and consider broadening your job search criteria to include a wider range of industries, roles, and locations to help yourself. Invest your time in continuous learning and skill development to enhance your qualifications and make yourself more competitive in the job market by pursuing certifications, online courses, or workshops relevant to your field to stay updated with industry trends and requirements. Try to attend industry events, join professional associations, and leverage online networking platforms like LinkedIn to expand your professional network and access potential job leads. Despite the challenges you're facing, try to maintain a positive mindset and focus on the aspects of your job search that you can control. Keep practicing self-care, stay motivated, and celebrate small victories along the way to stay resilient in the face of adversity.

Always remember that setbacks and challenges are a natural part of the growth process, and it's essential to persevere and adapt your approach based on your experiences. Stay proactive, keep learning and searching better jobs, and trust that your efforts will eventually lead to success. Best of luck! Feel free to contact me on Rediff Gurus if you need further assistance or help.

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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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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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