n NISM Certifications
V-A NISM Series V-A
Medium

In a Contra Fund, the minimum investment in equity & equity-related instruments shall be ________ of total assets.

Practice question from Nism VA Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    40 percent

  2. B

    50 percent

  3. C

    55 percent

  4. 65 percent

    Correct answer

Why this is the answer

A Contra Fund is a type of equity mutual fund that follows a contrarian investment strategy. The minimum investment in equity and equity-related instruments in such a fund must be at least 65% of the total assets.

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