Motilal Oswal Private Wealth has retained a neutral stance on Indian equities while maintaining a relative overweight position on mid- and small-cap stocks, citing resilience in domestic macroeconomic fundamentals despite ongoing global uncertainties.

In its latest Alpha Strategist May 2026 report titled “Down, But Not Out”, the wealth management firm said Indian capital markets have underperformed some global peers in the near term, but the broader economic outlook for the country remains stable.

The firm recommended a portfolio allocation of around 50% towards hybrid strategies and large-cap equities, 40% towards mid- and small-cap (SMID) stocks, and 10% towards global exposure.

It also advised investors to adopt a staggered…