New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which mutual fund recently launched a fund focused on

    midcap stocks with positive price momentum?
    A LIC Mutual Fund Correct Answer Incorrect Answer
    B Kotak Mahindra Mutual Fund Correct Answer Incorrect Answer
    C HDFC Mutual Fund Correct Answer Incorrect Answer
    D SBI Mutual Fund Correct Answer Incorrect Answer
    E ICICI Prudential Mutual Fund Correct Answer Incorrect Answer

    Solution

    Kotak Mahindra Mutual Fund launched the Kotak NIFTY Midcap 150 Momentum 50 Index Fund, an open-ended scheme tracking midcap stocks with positive price trends. The fund focuses on long-term capital growth by investing in midcap companies with high momentum scores.

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