The fund continues its dream run and has its nose well ahead of the pack. It ended 2023 with an impressive outperformance of over 6 per cent. In the three months of 2024, ICICI Prudential Equity & Debt Fund has already established a nearly 5 per cent lead over its peers. A year since we recommended this fund, it has delivered a staggering 39.3 per cent compared to 28.5 per cent for the average peer during this time. Reasons for performance The fund is known for taking highly concentrated bets driven by strong convictions. Its investments in the energy and auto sectors have been particularly successful. NTPC, ONGC,
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