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Different types of Debt FUnds

Dear all

Have a question regarding the different types debt funds, 

1) Liquid Fund

2) Short Term Debt Fund

3) Ultra Short Term Debt Fund

What are the main differences of these types of funds, and which one is suitable to what type of scenario? And also how the taxation works on the returns for someone who is in the 30% tax bracket.

Appreciate if someone can help.

Thanks

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