Multiple choice

Which of the following banks launched a mutual fund called – Magnum Contra-D?

  1. State Bank of India

  2. Central Bank of India

  3. Punjab National Bank

  4. Canara Bank

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

State Bank of India (SBI) launched the Magnum Contra Fund, which is a contra-style mutual fund that invests in underperforming stocks with potential for turnaround. Contra funds follow an investment strategy that goes against prevailing market trends.