I started getting into investing and mutual funds recently, started with Mutual funds as i'm not a early bird to do trading on finqalab but i do have a account on finqalab.
I have started with meezan funds as i already had an account there and the account opening was easy online and i have about 100k in it.
In december last year i was using Jazz Cash for something and they were highlithing Savings Plan on the home page the return was 15% p.a and i subscibed by paying 2000 rupees (i know dumb, it was 4am).
it gives me profit everyday based on last day balance, example i had 30k im getting 12.4 rupees everyday from it.
i have 200k in the bank just sitting there
and 70k cash
Im a novice I want some adivce should i put the 200k in the jazzcash wallet and get aboud 105 rs per day profit
or go with meezan funds,
I have some funds tied up in assets that depreciate i'm thinking of selling them and adding to savings account with good return.
Can add 50k comportably to my savings
Please advice best approach.