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 21–30 of 48 · filtered from 100Clear filters
  1. 040An AMC runs 38 schemes; 11 have under Rs 200 crore of AUM and 6 of those overlap heavily with a larger sibling. Recommend which to merge, close or promote, and what each choice costs investors and the AMC.Scheme design and product strategyCoreVanguardMalvern · 2023
  2. 041A city gas distributor grows volumes 9% a year at a Rs 9 per scm margin. Input gas costs rise Rs 5 per scm and it can pass on only 60% this year. What happens to its margin and to the stock pitch?Equity research and stock pitchesCoreFranklin TempletonSan Mateo · 2024
  3. 042Direct plans rise from 25% to 55% of an AMC's new equity flows. Direct plans charge 0.8% less, and the AMC stops paying that 0.8% as trail. What happens to the AMC's net revenue, to distributors and to investors?AMC and distribution economicsCoreProduct and strategy rolesDistribution and sales
  4. 050Build a simple DCF: free cash flow of Rs 80 crore next year growing 12% for five years, then 5% forever, discounted at 11.5%, with Rs 150 crore of net debt. What is the equity value, and which assumption moves it most?Valuing listed securities: IPOs, DCF and REITsCoreHPS Investment PartnersNew York · 2025
  5. 051In Tilottama Mutual Fund's Rs 800 crore corporate bond scheme, the top 10 investors hold 58%, and one treasury holding Rs 150 crore gives notice to exit. The scheme has 11% in liquid assets. What happens to the other investors, and what should the AMC have been monitoring?Liquidity, redemptions and stressCoreRisk and complianceFixed income desks
  6. 053A corporate bond fund holds Rs 90 crore of Hemavrat Cables bonds (3% of NAV) with an interest cover covenant of 2.0x; the latest results show 1.7x. The bondholders can accelerate, waive for a fee, or reprice. What do you recommend, and what does each path do to the fund?Debt fund credit decisionsCoreFixed income desksIndian AMCs
  7. 054An equity fund holds 2.8% of its NAV in Chandrakala Textiles, whose shares are suspended at a last price of Rs 420 after an audit qualification. The valuation committee can hold at Rs 420, mark down 50%, or use a peer multiple implying Rs 260. What does each do to NAV, and to investors who enter or leave this week?NAV operations and operational riskCoreFund operationsRisk and compliance
  8. 055Rohini Bhagwat, 55, has Rs 1.1 crore, 85% in equity, and retires at 60. Draw her de-risking schedule and show what a 35% equity fall at 59 does to her corpus with and without the glide path.Retirement, withdrawals and life eventsCoreWealth and advisoryDistribution and sales
  9. 058Shreyasi Mutual Fund's flagship equity fund grows from Rs 5,000 crore to Rs 25,000 crore. Using an illustrative slab schedule in which the expense ratio falls from 1.75% to about 1.25% as AUM grows (confirm the current SEBI slabs), how much do fees grow compared with AUM?AMC and distribution economicsCoreProduct and strategy rolesIndian AMCs
  10. 059Kalindra Advisors is choosing between two value funds that both show a 14.5% 5-year CAGR. Fund X beat its benchmark in 58% of 3-year rolling windows, by wide margins; Fund Y in 81%, by narrow margins. Which suits a first-time investor who will judge the fund after two years?Fund selection and due diligenceCoreFund research and ratingsDistribution and sales

Company names and figures are illustrative.