Mutual Fund Mastery case studies, worked step by step

Cases
100
Traced to a firm
31
Topics
14
Hard
32
Topic
All topicsEquity research and stock pitches15Fund selection and due diligence9Debt fund credit decisions8Client portfolios and goal planning9Index funds, ETFs and passive6AMC and distribution economics6Performance review and attribution6Duration and rates positioning6Liquidity, redemptions and stress7Scheme design and product strategy7Compliance, risk limits and conduct6Valuing listed securities: IPOs, DCF and REITs5NAV operations and operational risk5Retirement, withdrawals and life events5
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 11–20 of 48 · filtered from 100Clear filters
  1. 021During a sharp gold rally, an AMC's gold ETF trades 2.1% above its indicative NAV. A client wants to buy Rs 5 lakh through the exchange today. What is the price doing, what does he lose if the premium closes, and what are the alternatives?Index funds, ETFs and passiveCorePassive and index teamsProduct and strategy roles
  2. 024The manager who ran a Rs 12,000 crore large and mid cap fund for 11 years, adding 3.5% a year over the benchmark, resigns; the successor has a four-year record at a smaller fund with 1.2% a year. A client holds Rs 45 lakh in the fund with Rs 18 lakh of unrealised gains. Hold, watch or exit?Fund selection and due diligenceCoreFund research and ratingsDistribution and sales
  3. 026A balanced advantage fund returned 11.4% a year against 12.9% for its benchmark, but with 8% volatility against 11%. Which is the better risk-adjusted result, and what would you tell a client who only sees the lower return?Performance review and attributionCoreFund research and ratingsDistribution and sales
  4. 027A gilt fund runs duration 6 at a 7.2% yield. The manager expects 75 basis points of rate cuts and wants to go to duration 9. Build the one-year return table for cuts, no change and a 50 basis point rise, and decide.Duration and rates positioningCoreFixed income desksIndian AMCs
  5. 029In a group discussion you are handed a contract drug manufacturer with an order book of three times revenue, 38% of revenue from one client and a 27% EBITDA margin. Argue the long case, then the strongest bear case, and land on a view.Equity research and stock pitchesCoreFranklin TempletonSan Mateo · 2024
  6. 030A 72-year-old was sold a small cap fund and a five-year close-ended NFO for 80% of her savings. She is down 22% and cannot exit the NFO. Assess suitability, name the failures and propose a remedy.Compliance, risk limits and conductCoreCompliance and legalRisk and compliance
  7. 033A registrar outage delays 1.8 lakh SIP instalments by one business day while the market rises 1.2%. Which NAV should investors get, what does making them whole cost, and who pays?NAV operations and operational riskCoreRegistrars and transfer agentsFund operations
  8. 034Write the investment memo for a specialty chemicals exporter with 62% of revenue from three customers, a 24% EBITDA margin and a new plant that doubles capacity next year. What goes in, in what order, and what is the recommendation?Equity research and stock pitchesCoreFidelity InvestmentsToronto · 2026
  9. 037A 41-year-old client wants to move Rs 20 lakh of his Rs 60 lakh portfolio into a technology sector fund that returned 45% last year. What do you recommend, and what are the risks and benefits of that recommendation?Client portfolios and goal planningCoreInvescoAtlanta · 2024
  10. 038A Rs 400 crore fixed maturity plan matures next month, but a Rs 45 crore bond in it has missed a payment and is valued at 25% of face. What do investors receive at maturity, what happens to the unpaid bond, and what should the AMC tell investors now?Liquidity, redemptions and stressCoreRisk and complianceFixed income desks

Company names and figures are illustrative.