Ltcg

Friends pls clarify below doubts regarding capital gain, 1) if unlisted debentures are sold during 1-4-14 to 1-10-14, then the period of holding, if the assets has to be considered as long term, should be 36 months or 12 months? 2) if listed equity oriented mutual funds are sold(long term assest), then will the assessee have the option to tax it @ 20% without claiming indexation?