These funds are types of equity schemes and are taxed as other equity plans. The dividends are included in your income and taxed at your prevalent tax slab.
If you redeem the units within 12 months, the gains are considered as short-term capital gains (STCG)and taxed at 15% plus cess as applicable.
However, if your holding period is more than one year, the long-term capital gains (LTCG) up to INR 1 lakh are tax-exempt and profits exceeding this limit are taxed at 10% plus cess as applicable without indexation.