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 1–9 of 9 · filtered from 100Clear filters
  1. 002A wealth platform must put one flexi cap fund on its recommended list. Fund A has the best five-year return but a new manager, Fund B has a long record and lower risk, and Fund C is cheap but moves almost exactly with the index. Which goes on the list?Fund selection and due diligenceCoreFund research and ratingsDistribution and sales
  2. 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
  3. 024The manager who ran a Rs 12,000 crore large and mid cap fund for 11 years, adding 3.5% a year over the benchmark, resigns; the successor has a four-year record at a smaller fund with 1.2% a year. A client holds Rs 45 lakh in the fund with Rs 18 lakh of unrealised gains. Hold, watch or exit?Fund selection and due diligenceCoreFund research and ratingsDistribution and sales
  4. 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
  5. 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
  6. 059Kalindra Advisors is choosing between two value funds that both show a 14.5% 5-year CAGR. Fund X beat its benchmark in 58% of 3-year rolling windows, by wide margins; Fund Y in 81%, by narrow margins. Which suits a first-time investor who will judge the fund after two years?Fund selection and due diligenceCoreFund research and ratingsDistribution and sales
  7. 069Pranjal Asset Management markets its multi-asset fund as equity-like return with debt-like risk: 5-year return 11.2% a year, worst drawdown minus 9%. The portfolio shows 22% in unrated or thinly traded bonds priced by a model. Test the claim before a platform lists it.Fund selection and due diligenceHardFund research and ratingsDistribution and sales
  8. 081A client wants to put Rs 5 lakh of his Rs 20 lakh portfolio into a new manufacturing theme fund. His flexi cap fund already has 34% in the same sectors, and the switch would lift that to about 50%. Should the NFO money go in?Fund selection and due diligenceCoreFund research and ratingsDistribution and sales
  9. 090A fund house wants a fund of funds across Indian equity, international equity, short-term debt, gold and a listed REIT, with no sleeve above 40%, for a moderate-risk investor. Propose weights, then assess an underlying equity fund that returned 13.1% against a 12.4% benchmark with a beta of 1.25 while cash paid 6.5%.Fund selection and due diligenceHardNeuberger BermanLondon · 2022

Company names and figures are illustrative.