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 100
  1. 011A mid-sized AMC must choose its next launch: a defence theme NFO that distributors are asking for, or a multi-asset fund. It already runs two thematic funds and has no multi-asset fund. Which launch, and how do you justify it to the board?Scheme design and product strategyCoreNuveenLondon · 2023
  2. 012Surveillance finds that an account linked to a dealer's relative bought ahead of 14 of the fund's large orders over six months, earning about 1.1% per trade. How would you confirm the pattern, estimate the harm to the fund, and respond?Compliance, risk limits and conductHardCompliance and legalRisk and compliance
  3. 013A school chain is coming to IPO at a price band implying 62 times trailing earnings. 80% of the issue is an offer for sale by a private equity investor, and enrolments grew 9% last year. Should an equity fund apply, and what would it need to believe?Valuing listed securities: IPOs, DCF and REITsCoreEquity research at AMCsGlobal asset managers
  4. 014A large cap fund beat its peers by 2.4% a year for three years, but its quarterly holdings show 26% to 31% in stocks ranked outside the top 100 by market value. Is the outperformance skill, and what do you do about a fund whose label no longer describes it?Fund selection and due diligenceHardFund research and ratingsDistribution and sales
  5. 015A dealer keyed an order for Rs 48 crore instead of Rs 4.8 crore in a mid cap stock that trades Rs 30 crore a day, and the price rose 6% during execution. What does unwinding cost, who bears it, and which controls failed?NAV operations and operational riskCoreFund operationsRisk and compliance
  6. 016A 58-year-old client has just lost her husband. She receives Rs 1.4 crore of insurance, holds Rs 60 lakh in funds and needs Rs 70,000 a month. How do you approach the first meeting, and what do you do with the money in the first six months?Retirement, withdrawals and life eventsCoreVanguardScottsdale · 2025
  7. 017Defend a long on a private bank under questioning: NIM 4.1%, ROA 1.6%, gross NPA 2.1%, P/B 3.2x, but unsecured personal loans grew 48% last year to 22% of the book. What three questions will the interviewer grill you on, and what are your answers?Equity research and stock pitchesHardWellington ManagementBoston · 2019
  8. 018An advisory firm has two clients with Rs 40 lakh each: a 29-year-old saving for retirement and a 52-year-old who needs Rs 25 lakh for a daughter's wedding in three years. Using one menu of five funds, build both portfolios and explain why they differ.Client portfolios and goal planningWarm upVanguardMalvern · 2024
  9. 019A credit fund is offered a three-year NCD of an AA minus NBFC at 10.4%, 290 basis points over AAA. Gross NPA is 4.8% and rising, 42% of borrowings are commercial paper due within a year, and the one-year asset-liability gap is negative. Identify the risks and decide.Debt fund credit decisionsCoreNuveenChicago · 2025
  10. 020A cement company has 30 million tonnes of capacity at 68% utilisation and trades at an EV of Rs 9,500 per tonne against a replacement cost of Rs 7,000. Is it cheap or expensive, and what utilisation justifies the price?Equity research and stock pitchesCoreWellington ManagementHong Kong · 2022

Company names and figures are illustrative.