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Should I redeem my mutual fund to fund car loan ?

I am planning to buy a car. I am having 50 % of  money in hand. For remaining I have two options :

1 )  Take car loan at 11.5 % ( term 3 years)

2 ) Redeem mutual fund (icici pru life focused bluechip) ( If I redeem now, I will be getting around 30 % return)

So which one is better option ?

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