Repeat after me. I need a short-term product for my short-term needs. I need a medium-term product for my medium-term needs. I need a long-term product for my long-term needs. I must match my investment horizon to that of the fund I buy. My outcome will depend on how well I understand the product I buy. I will not sit in a bullock cart if I need to cover a very long distance. I will not sit in a plane if I need to go across the city. Each of the debt fund categories serves a purpose and can replace the existing products we use.
