03 / SELECTED WORK PROJECT

SUN INVESTMENTS

Capital Markets &
Investment

Finance · Capital Markets · Investment

A capital-markets project comparing mutual funds, IPOs and ETFs — and the factors that shape their performance and relevance to investors.

The problem

Different instruments.
Different behaviour.

Different investment instruments behave differently across risk, liquidity, cost, diversification and performance.

The challenge was to create a structured view of these differences and understand the factors that influence their performance and relevance to investors.

What we did

Three markets.
One framework.

We worked across three major areas of the capital markets — mutual funds, IPOs and ETFs — comparing their characteristics, performance, risks and market behaviour.

01

Mutual funds

  • Structure
  • Types
  • Performance
  • Risk
  • Diversification
02

IPOs

  • Issuance
  • Pricing
  • Investor demand
  • Listing performance
03

ETFs

  • Liquidity
  • Cost
  • Diversification
  • Market performance
Mutual funds
IPOs
ETFs
Comparison
Financial analysis
Investment insights

What we delivered

From market data
to investment insight.

  1. 01Market data
  2. 02Collection
  3. 03Analysis
  4. 04Comparison
  5. 05Interpretation
  6. 06Investment insight

Mutual funds

Structure, types
and diversification.

The project covered equity funds, debt funds, hybrid funds, sector-specific funds, regulatory considerations, performance and diversification.

Equity
Debt Hybrid Sector
Portfolio

Initial public offerings

The IPO journey
as an analytical path.

The project examined IPO performance over a period of one year and covered pricing strategies, investor demand and market behaviour.

Company
Filing
Pricing
Issue
Listing
Market performance

Exchange-traded funds

Liquidity, cost
and transparency.

Liquidity Diversification Cost Transparency Risk

Mutual funds vs ETFs

Compared across dimensions covered in the project — without implying that one instrument is universally better.

Mutual funds
  • Cost considerations
  • Diversification
  • Risk characteristics
ETFs
  • Liquidity
  • Cost considerations
  • Diversification
  • Risk characteristics

Comparative analysis

Three instruments.
One framework.

Dimension Mutual funds IPOs ETFs
Purpose Pooled investment vehicles Primary market issuance Exchange-traded baskets
Risk characteristics Varies by fund type Issue and listing risk Market and tracking risk
Liquidity Fund-dependent Post-listing market Intraday exchange liquidity
Diversification Across holdings / styles Single-issuer exposure Index / basket exposure
Cost considerations Expense structures Issue / market costs Lower-cost access themes
Performance analysis Fund returns & peers One-year listing performance Market performance views
Investor relevance Portfolio building New issue participation Flexible market access

Project methods

From data
to insight.

The work focused on collecting, processing and analysing datasets and interpreting financial statements, performance metrics and market data.

  1. 01Data collection
  2. 02Financial metrics
  3. 03Market trends
  4. 04Comparative analysis
  5. 05Interpretation

Frameworks applied

Modern Portfolio Theory Efficient Market Hypothesis Capital Asset Pricing Model

Used as analytical frameworks within the project — not as claims that a specific investment strategy was implemented.

Key insight

One structured framework
for capital markets.

The project brought different investment instruments into one structured framework, making it easier to compare their characteristics, trade-offs and market behaviour.

  1. 01Mutual fund analysis
  2. 02IPO analysis
  3. 03ETF analysis
  4. 04Risk, liquidity and cost comparison
  5. 05Diversification and performance analysis
  6. 06Market trends and investment frameworks
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