A debt mutual fund is defined as a scheme that invests in fixed income instruments or assets. A debt mutual fund invests in areas such as corporate and government bonds, corporate debt securities, and money market instruments. These funds invest in areas of profitable capital appreciation. They are also known as fixed-income funds or bond funds.  If you want to take a low risk on your money with high liquidity rates, you prefer debt mutual funds. Below are the tips mentioned to select mutual funds in India. …