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 41–50 of 100
  1. 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
  2. 042Direct plans rise from 25% to 55% of an AMC's new equity flows. Direct plans charge 0.8% less, and the AMC stops paying that 0.8% as trail. What happens to the AMC's net revenue, to distributors and to investors?AMC and distribution economicsCoreProduct and strategy rolesDistribution and sales
  3. 043A client asks why a credit risk fund yields 9.1% while a corporate bond fund from the same AMC yields 7.6%. Break the 150 basis point gap into its parts and say what it means for the client.Debt fund credit decisionsWarm upFixed income desksIndian AMCs
  4. 044A fund research house must rate three funds on people, process, parent, performance and price: one cheap with an average record, one with the best 5-year return and a new manager, one with a long-serving manager and high fees. Score them with stated weights and explain the ranking.Performance review and attributionWarm upFund research and ratingsGlobal asset managers
  5. 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
  6. 046A draft mutual fund advertisement says Our fund returned 42% last year, with no benchmark, no standard periods and no risk statement. Rewrite it within the rules on performance advertising and explain each change.Compliance, risk limits and conductWarm upCompliance and legalRisk and compliance
  7. 047A client holds four equity funds of Rs 5 lakh each; pairwise overlap by weight runs from 41% to 62%, and together they hold 212 stocks but the top 40 make up 71% of his money. How many funds is he really holding, and what would you consolidate?Fund selection and due diligenceWarm upWealth and advisoryDistribution and sales
  8. 048A jeweller holds 180 days of gold inventory, half of it funded by gold metal loans. If gold rises 10%, what happens to its reported margin, its cash flow and its debt, and is the earnings jump worth paying for?Equity research and stock pitchesHardEquity research at AMCsGlobal asset managers
  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.