Equity mutual fund inflows fall 40% to Rs 22,908 crore in May: AMFI

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Equity inflows slowed, gold ETFs saw outflows and debt funds reversed course. Here’s what AMFI’s May data reveals.   Equity mutual fund inflows fell 40 percent to Rs 22,908 crore in May, down from Rs 38,440 crore in April, according to monthly data released by the Association of Mutual Funds in India (AMFI). Even with…

India-Pak tensions: Defence stocks in focus ahead of Delhi meet

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Defence stocks in focus: Kalyani Group manufactures artillery systems, protected vehicles, armoured vehicles upgrade, Ammunition, missiles and air defense solutions and defense electronics.    Defence stocks such as Bharat Forge, Hindustan Aeronautics Ltd and Bharat Dynamics Ltd would be in focus on Friday morning after the Modi government reportedly asked defence makers for a meeting as…