Multiple choice

Which bank launched a mutual fund called Magnum Contra?

  1. Central Bank of India

  2. State Bank of India

  3. Punjab National Bank

  4. Canara Bank

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Central Bank of India launched the Magnum Contra mutual fund, which is a contrarian investment strategy fund that typically invests in underperforming sectors or stocks with the expectation that they will recover. Contra funds work against market sentiment.