The sharp correction in the month of August and the first week of September had a deeper sub-plot written into it. At a time when the FPIs were selling and exiting the Indian market in droves, domestic mutual funds and insurance companies were buying aggressively. Let us looking at some statistics! During the month of August 2015, FPI net selling was to the tune of Rs.19,500 crore; predominantly in equities and only marginally in debt. During the same month, domestic financial institutions were net buyers in equities to the tune of Rs.16,500 crore. If you consider from the beginning of the calendar year, the disparity between FPIs and DFIs is a lot more glaring. FPIs were net buyers to the tune of $1 billion; largely due to the frenetic buying around the Union Budget. During the same period, DFIs were net buyers to the tune of a whopping $7 billion. One can imagine how deep the correction would have been on Indian bourses had the domestic funds not supported the market. There are a few interesting areas of discussion that emerge.