Taxation of Smallcase vs Mututal Funds

Can someone please explain the taxation differences ?

Did you ever get an answer for this?

If you hold the investments made in Smallcase for more than a year (i.e. at least 366 days) and then sell, in that case 10% tax will be applied in case the profit is more than 1 lakh rupees (Same holds true for mutual funds also).
But if sold within 1 year then the income will be treated as short term capital gains. (If trader then taxation will be according to your tax bracket, if investor then 15% capital gains tax will be applied).

@Felicia @abbanerjee

Since smallcase is the direct investments with equities and ETF’s the tax is same as that of investing in equities. If you are referring to the direct equity mutual funds, both smallcases and MFs are taxed the same way - STCG and LTCG applicable. Compared to Mutual Funds, the charges / fees of smallcase is very less.

1- Short Term Capital Gains (STCG) - Stocks sold less than 12 months of holding would be taxed at 15% of the gains

2 - Long Term Capital Gains (LTCG) - Stocks sold more than 12 months of holding with a gain of over Rs.1,00,000 would be taxed at 10% of the gains from Apr 1, 2018. Any LTCG earned before Jan 31st would not be taxed.