How to select and evaluate a debt fund?

I am planning to invest in debt fund of mutual funds. Can you tell me some of the key parameters that I should be looking at to evaluate a debt fund?

How exactly can I evaluate the money market mutual funds? Is it like evaluating any other equity or debt fund?

Am I eligible to get indexation benefits on my capital gains earned on debt funds?

Are dividends on debt funds also taxed as capital gains?

best short time mutual debt fund with good return

Can I say that the indexation benefit makes debt funds relatively more attractive versus equity funds?

Can I select mutual fund based on mutual fund ratings assigned?

Does the imposition of tax on equity funds LTCG make a difference in my choice between equity funds and debt funds?

Give examples of Debt funds which gave 9% p.a. as per the interest rate with liquidity?

How do I as an investor make a choice between FDs and debt mutual funds? What are the relative pros and cons of both these instruments for debt investment?