1. Nippon India Large Cap Fund has given the best return in the category over the past 3, 5, and 10 years.
2. Nippon India Small Cap fund has the highest return for the small-cap category for a 3 and 10-year period.

1. Quant AMC equity funds have an impressive 5-year return performance in lump sum and SIP investments.
2. Last year was not very impressive for SIP investment returns; none of the equity funds older than five years are in the top quartile.  

Indian taxation philosophy is primarily driven by the assurance and ease of tax collection. Collecting taxes from certain items (beasts of burden) is very easy for tax collectors and these items assure full tax compliance.