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Debt Investments – Lumpsum/STP

At this juncture, is it wise get into the debt market with a horizon of 1-2 years.

Is it ok to make lumpsum investment in the same since it is not linked to the equity market to a large extent.

Also, which debt funds category is most recommended today – MIPs(conservative), Income funds, or FMP?

Will these debt funds take care of themselves if equity market falls?

Thanks

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