I think these are treated as equity funds.
As per clerartax:
These funds are treated as equity funds for the purpose of taxation. If you stay invested in them for a period of up to 1 year, you make short-term capital gains (STCG) which are taxable. STCG are taxed at the rate of 15%. If you stay invested in them for a period of more than 1 year, the gains will be treated as long-term capital gains (LTCG). LTCG in excess of Rs.1lac is taxed at the rate of 10% without the benefit of indexation.
Regarding exposure I am not sure. If anybody is using them, please confirm.
As per clerartax:
These funds are treated as equity funds for the purpose of taxation. If you stay invested in them for a period of up to 1 year, you make short-term capital gains (STCG) which are taxable. STCG are taxed at the rate of 15%. If you stay invested in them for a period of more than 1 year, the gains will be treated as long-term capital gains (LTCG). LTCG in excess of Rs.1lac is taxed at the rate of 10% without the benefit of indexation.
Regarding exposure I am not sure. If anybody is using them, please confirm.