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Nitin

Nitin Sathe  | Answer  |Ask -

HR, Recruitment Expert - Answered on Feb 08, 2023

Air Commodore Nitin Sathe (retd) is an IAF veteran with experience in aviation, aviation management, recruitment and HR.He has commanded a frontline base in Jammu and Kashmir, served with the UN Peace Keeping Force in Congo and volunteered for tsunami relief operations. Today, he is a certified recruiter and personality assessor.... more
Harsha Question by Harsha on Feb 08, 2023Hindi
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Career

Hi Nithin sir, Iam a mechanical engineer from Bangalore aged 49 years, during starting of my career, worked for 2 MNCs in Sales & Marketing, then started my own business and running it for last 20 years , but now due to unethical and unhealthy competitions in my field, iam not sure how iam going to continue in my business, iam good in technical learning, negotiations and strategies..plz advise me if i can look for a job suiting my background after such a long period of owning a business or can I get a freelance marketing job in industrial sectors? Iam also very good in technical and nontechnical content writing..iam very much in a confused state, plz help

Ans: Getting to a job after such a long business career is going to be difficult, I feel-both mentally as well as professionally. Why do you not think of continuing in business only after making a few adjustments? You could continue your freelancing with content writing and advisory capacity on the side. This is a personal opinion, but you could always ask your mentors/friends who have more intimate knowledge of what you do and what is best for you.
Best wishes and God bless.
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Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Feb 08, 2023

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Hi Abhishek, Iam a mechanical engineer from Bangalore aged 49 years, during starting of my career, worked for 2 MNCs in Sales & Marketing, then started my own business and running it for last 20 years , but now due to unethical and unhealthy competitions in my field, iam not sure how iam going to continue in my business, iam good in technical learning, negotiations and strategies..plz advise me if i can look for a job suiting my background after such a long period of owning a business or can I get a freelance marketing job in industrial sectors? Iam also very good in technical and nontechnical content writing..iam very much in a confused state, plz help
Ans: Dear Harsha,

I understand your situation and the challenges you're facing in your business. It can be difficult and overwhelming to navigate the job market after a long period of running your own business, but there are options available to you.

Your background in sales and marketing, as well as your skills in technical learning, negotiations, and strategies, could be valuable assets in a variety of industries. You may want to consider looking for a full-time job in a sales or marketing role, or even in a related technical field. Additionally, with your skills in technical and non-technical writing, you may be able to find freelance work in marketing or content writing.

It's important to remember that no one job or career path is set in stone, and it's never too late to explore new opportunities. You may also want to consider seeking guidance from a career counselor or mentor, who can help you evaluate your skills and interests, and suggest potential career paths that align with your goals and strengths.

I hope this helps. Good luck, and stay positive!

Best regards,
Abhishek

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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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