Redeeming of tax saving MF and putting in FD what say?

Hi,
I had invested in MF in the year 2007-08 for tax saving.
I had put 75k and now it satnds at 43k. I have got divident worth 33k.
I am planning to redemption to put the money in some FD .
Is is a good thing?.Please advice.
Regards,
vin