For equity oriented scheme-If your holding period is less than 1 year, the gains will be calculated as short term capital gains and will be taxed at 15% and if the holding period is more than 1 year, then long term capital gains of 10% will be taxed if the individuals total capital gains cross ₹1 lakh in a year.For debt oriented scheme-If your holding period is less than 3 years, gains will be calculated as short term capital gains and will be taxed as per the investors tax slab and if the holding period is more than 3 years, then long term capital gains of 20% with the benefit of indexation will be taxed.Note: In view of the individual nature of the implications, each investor is advised to consult his or her own tax advisors/authorised dealers with respect to the specific amount of tax and other implications arising out of his or her participation in the schemes.