Biz Updates: Mutual fund assets up 50 percent in a year; Honda recalls 2204 extra carts
New Delhi| Investment in mutual fund schemes is continuously increasing in the hope of better returns. Along with institutional investors, retail investors have also been investing a lot of money in mutual fund schemes for the last one year. According to data from the Association of Mutual Funds in India, the total assets (assets) of mutual fund schemes rose 42.29 per cent year-on-year to Rs 68 lakh crore in September, 2024. In September, 2023, it was 47.8 lakh crore. During this period, the assets of retail investors in mutual funds have registered a rise of about 50 per cent. His assets increased from 28.10 lakh crore in September, 2023 to 42.10 lakh crore in September, 2024. The value of assets of institutional investors rose by 31.56 per cent to Rs 25.90 lakh crore in one year.
Honda Cars India has recalled 2,204 additional carriages to replace faulty fuel pumps in select models. With this, the total number of withdrawn vehicles has increased to 92,672. The fuel pumps installed in these vehicles may have faulty impellors, the company said. This may cause difficulty in shutting down or starting the engine in future. The company had earlier announced the replacement of fuel pumps in 90,468 old vehicles.
