Name of the Fund: ICICI Pru Discovery (G)
Ranked #3 by CRISIL
Category: Small & Midcap
Expense Ratio: 2.33%
Risk Level: Average
Benchmark: CNX Midcap
Objective: Primary objective is to generate returns through a combination of dividend income and capital appreciation by investing primarily in a well diversified portfolio of value stocks.
ICICI Pru Discovery (g) has made its inception in the year 2004. It has managed to beat the benchmark index comprehensively in the 1, 3 and 5 year returns. Top holdings of the fund include Reliance Industries, ICICI bank, Amara Raja, Mindtree and PI Industries.
22.18% annualized returns since inception is phenomenal. The fund has performed up to the expectations of being a small/mid cap. It has managed to withstand the market ups and downs very well and made the most in the rising markets.