Srikanth Subramanian, CEO of Kotak Cherry, advises investors to construct a portfolio inclined more towards large caps, with some allocation to midcaps and smallcaps for diversification. Subramanian emphasises the importance of good corporate governance and clean management when selecting stocks, stating that these two filters are a must-check before investing. He discusses the impact of US Fed rates on equity markets and highlights the resilience of the US economy. Subramanian also comments on the strength of the US Dollar and its potential impact on Indian equity markets, noting that India is still dependent on foreign flows. He predicts that Indian markets may see downside pressure due to global macroeconomic difficulties and uncertainties. Regarding the Indian rupee, Subramanian believes that the Reserve Bank of India will intervene to manage its movement and maintain price stability. In terms of the June quarter results from India Inc., Subramanian highlights strong net profits, particularly in the automobile, banking, capital goods, and IT sectors. He also comments on the performance of small & midcap stocks, stating that they have been on fire recently and attracting increased flows from both domestic and foreign investors. Subramanian concludes by emphasizing the positive outlook for small & midcap stocks and the interest of foreign investors in Indian equities. However, he advises investors to ensure quality while investing and suggests that mutual funds may be a better choice for those with limited time for stock research.