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 31 · filtered from 100Clear filters
  1. 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
  2. 031A credit fund holds NCDs in three real estate projects with different loan-to-value, interest cover and unsold inventory. Rates have risen 100 basis points. Rank the three exposures and say which you would cut.Debt fund credit decisionsHardPIMCOMunich · 2024
  3. 032A two-wheeler maker's DCF gives Rs 15,900 crore but the market cap is Rs 22,000 crore. What growth is the market implying, and is it plausible?Valuing listed securities: IPOs, DCF and REITsHardSchrodersLondon · 2024
  4. 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
  5. 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
  6. 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
  7. 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
  8. 045A dynamic bond fund expects rate cuts and must choose between a 10-year callable bond with modified duration 7.1 and effective duration 4.2, and a 7-year bullet with duration 5.6, at similar yields. Which gains more from a 100 basis point fall, and what allocation would you run today?Duration and rates positioningHardAmundiLondon · 2018
  9. 049A client has Rs 3 lakh of surplus. Her home loan costs 9.2% and an equity fund might earn 11% with volatility. Where does the next rupee go: prepay the loan or add to her SIP?Client portfolios and goal planningWarm upInvescoDallas · 2023
  10. 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

Company names and figures are illustrative.