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 30 · filtered from 100Clear filters
  1. 071Shantam Mutual Fund's low volatility index fund backtested at 15.1% a year against 13.2% for the parent index, with lower volatility, but in three live years it lags by 1.8% a year and holds 38% in consumer staples. Is the factor broken, or is this what the strategy looks like?Index funds, ETFs and passiveCorePassive and index teamsProduct and strategy roles
  2. 077A value fund has lagged its benchmark by 4% a year for three years, but its downside capture is 70% and upside capture 85%. A platform wants to drop it. When would it be expected to win, and would you keep it?Performance review and attributionCoreFund research and ratingsDistribution and sales
  3. 078After a 150 basis point hiking cycle, a short duration fund yields 7.8% against 6.1% a year ago, with a duration of 2.5. What one-year return should an investor expect if rates stay flat, fall 50 or rise 50, and why is the starting yield the best single guide?Duration and rates positioningCoreFixed income desksIndian AMCs
  4. 080A fund compares a 5-year AAA(SO) bond rated on a parent guarantee at 7.9% with a plain AA plus bond of an unrelated manufacturer at 8.1%. What does the structured obligation actually protect, and which would you own?Debt fund credit decisionsCoreFixed income desksIndian AMCs
  5. 081A client wants to put Rs 5 lakh of his Rs 20 lakh portfolio into a new manufacturing theme fund. His flexi cap fund already has 34% in the same sectors, and the switch would lift that to about 50%. Should the NFO money go in?Fund selection and due diligenceCoreFund research and ratingsDistribution and sales
  6. 088A distributor has Rs 18,000 crore of AUM earning 0.65% trail, 900 relationship managers costing Rs 9 lakh each a year and Rs 20 crore of other costs. What AUM does each manager need to break even, and what happens if trail is cut by 10 basis points?AMC and distribution economicsCoreDistribution and salesWealth and advisory
  7. 091A focused fund of 30 stocks returned 18% a year against 15% for a diversified peer over five years, but three stocks contributed 60% of the excess. Is this repeatable skill or concentrated luck, and how would you tell?Performance review and attributionCoreFund research and ratingsDistribution and sales
  8. 094A Rs 50 lakh portfolio started at 60/40 equity-debt; after equity rose 60% and debt 7% over two years it sits near 69/31, outside a 5-point band. How much must move, and how can a Rs 60,000 monthly SIP do the work with minimal tax?Client portfolios and goal planningCoreWealth and advisoryDistribution and sales
  9. 096A 65-year-old has Rs 50 lakh. An annuity at 7% pays Rs 29,167 a month for life with no capital returned. An SWP of the same amount lasts indefinitely if the portfolio earns 7.5% but runs out at about 90 if it earns 5%. How would you split the money?Retirement, withdrawals and life eventsCoreWealth and advisoryDistribution and sales
  10. 100A fund house's market share fell from 3.1% to 2.4% in three years while the industry grew. Its flagship slipped to the third quartile and its bank distribution partner moved to a rival. Diagnose the decline consulting-style and prioritise three fixes.Scheme design and product strategyCoreProduct and strategy rolesIndian AMCs

Company names and figures are illustrative.