How did SIPs save Indian stock market as households lost ₹12.6 lakh cr in 3 months?

Indian households lost ₹12.6 lakh crore in just three months as FPI investors took their ownership of NSE-listed companies to a 17-year low of 15.8% after a record ₹1.88-lakh-crore outflow. Such an outflow would earlier have triggered a deeper market collapse. However, domestic investors cushioned the decline as their ownership rose to 19.6%, thanks to the rising popularity of SIPs.