​Taxation on equity mutual fund investments depends on the holding period at the time of redemption:

1. Short-Term Capital Gains (STCG)
If you redeem your equity mutual fund units within one year of purchase, the returns are classified as short-term capital gains.
These gains are taxed at 20 percent.

2. Long-Term Capital Gains (LTCG)
If you redeem your units after one year, the returns are treated as long-term capital gains.
LTCG exceeding Rs 1.25 lakh in a financial year is taxed at 12.5 percent. Gains up to Rs 1.25 lakh are exempt from tax.

These tax rates apply specifically to equity-oriented mutual fund schemes and are subject to change based on government regulations. It's advisable to consult a tax advisor for personalized guidance based on your investment profile.​