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 1–2 of 2 · filtered from 100Clear filters
  1. 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
  2. 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

Company names and figures are illustrative.