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    DII: As FPIs bail out, DIIs riding on retail fuel fund a bailout

    Mumbai: Domestic institutional investors (DIIs) led by mutual funds and insurers have pumped ₹2.16 lakh crore into Indian equities so far in 2022, helping cushion the impact of the ₹2 lakh crore plus outflow from foreign funds on the stock market. Unabated flows from retail investors into equity mutual fund schemes have been the main driver of domestic money into the stock market. From October 2021, when the outflows from FPIs started, DIIs have pumped in ₹2.8 lakh crore into stocks here. FPIs have sold Indian stocks worth ₹2.4 lakh crore since October 2021. That’s when benchmarks Sensex and Nifty last hit record highs. “Without DII support, the market (Nifty)…