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 1–10 of 31 · filtered from 100Clear filters
  1. 001Pitch Chitravarna Paints: revenue of Rs 4,200 crore growing 14%, an 18% EBITDA margin, 32% return on capital, net cash, and a share price at 48 times earnings. Long or pass, and what has to be true for 48 times to work?Equity research and stock pitchesCoreWellington ManagementBoston · 2024
  2. 003A debt fund is offered A-rated manufacturing bonds paying 250 basis points over AAA. With an assumed 3.5% three-year default rate and 35% recovery, does the spread pay for the risk, and what else must it pay for?Debt fund credit decisionsHardWellington ManagementLondon · 2021
  3. 004A 34-year-old has Rs 1 crore after tax from selling ESOPs, needs Rs 30 lakh for a home down payment in two years, has no emergency fund and a steady salary. How would you invest the money?Client portfolios and goal planningCoreNorthern TrustLake Forest · 2022
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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
  10. 025An AMC wants an ESG equity fund. Its exclusion list removes 18% of benchmark weight and raises expected tracking error to 3.1%. Design the investment thesis for a long-only manager, and show how you would stop the fund becoming a label on an ordinary portfolio.Scheme design and product strategyHardNeuberger BermanNew York · 2025

Company names and figures are illustrative.