The All Weather Investing smallcase will be taxed differently for each of the ETFs that are part of it:
Equity ETFs (NIFTYBEES, JUNIORBEES) will be taxed like other equity instruments - 15% tax on short-term gains (holding period less than 1 year), 10% tax on long-term gains over Rs 1 lakh (holding period more than 1 year)
Debt ETF (LiquidBEES) does not attract any tax liability, as it only issues dividends (which are already taxed at source)
Gold ETFs are also taxed as per debt funds or bond ETF (short-term gains added to income (holding period less than 3 years) and long-term gains taxed at 20% after indexation (holding period more than 3 years)