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 31–40 of 100
  1. 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
  2. 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
  3. 033A registrar outage delays 1.8 lakh SIP instalments by one business day while the market rises 1.2%. Which NAV should investors get, what does making them whole cost, and who pays?NAV operations and operational riskCoreRegistrars and transfer agentsFund operations
  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. 035A 60-year-old retires with Rs 1.5 crore earning 8.5% and withdraws Rs 90,000 a month, rising 6% a year. How long does the money last, and how much sooner does it run out if the first two years return minus 15% and minus 5%?Retirement, withdrawals and life eventsHardWealth and advisoryDistribution and sales
  6. 036A small cap fund grew from Rs 5,000 crore to Rs 30,000 crore in four years while its yearly alpha fell from 4.1% to 0.8%, and its median holding trades Rs 22 crore a day. Is it still worth holding, and at what size does the strategy stop working?Fund selection and due diligenceHardFund research and ratingsDistribution and sales
  7. 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
  8. 038A Rs 400 crore fixed maturity plan matures next month, but a Rs 45 crore bond in it has missed a payment and is valued at 25% of face. What do investors receive at maturity, what happens to the unpaid bond, and what should the AMC tell investors now?Liquidity, redemptions and stressCoreRisk and complianceFixed income desks
  9. 039A Rs 6,000 crore index fund must buy a new index entrant at a 2.4% weight on the rebalance date, Rs 144 crore of a stock that trades Rs 90 crore a day, and traders have bought ahead. What does front-running cost investors, and could the fund do anything differently?Index funds, ETFs and passiveHardPassive and index teamsProduct and strategy roles
  10. 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

Company names and figures are illustrative.