Quote on AMFI June 2022 data released today from Mr. Arun Kumar, Head of Research, FundsIndia

Despite significant FII selling over the last several months, the market impact has been reasonably contained thanks to the strong DII flows. Usually, whenever markets are volatile and the recent 1Y returns become weak as it’s happening now, DII flows tend to weaken.

Bucking the trend, Equity mutual funds continue to receive strong inflows for June-20. While this is positive for the markets, we need to keep a close watch on the Equity MF inflows and SIP trend in the coming months as they are critical given the backdrop of strong FII outflows.