What is the investment strategy adopted in managing ICICI Pru Tax Plan? Since 2009, this fund is like a flexi-cap fund with about 65 per cent exposure in large-caps and the balance in mid-caps. The flexi-cap approach is to bring in stability and capitalise on opportunities present across market caps. The management style is slightly contrarian and value-focussed than momentum focussed. The portfolio typically comprises stocks accumulated when valuations are attractive. On the other hand, allocation to stocks which have outperformed the benchmark signif