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Profits through Liquid Funds

Hi, 

When I should redeem units a liquid fund, set aside as Contingency fund, if no such need arises?

Like is it worth to redeem after one year, to realise profits and again invest (may be original amount) in same fund?

Consider 8% returns on 10,000, so after one year,it will be 10800 , so should I redeem Rs : 800?

What do you suggest?

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