New Delhi, April 13 -- Neelesh Surana, chief investment officer at Mirae Asset Investment Managers (India), said the domestic economy is improving, particularly from the rural revival and supportive fiscal and monetary measures. However, global uncertainty will likely delay a complete return to normalcy, he added.

"A meaningful recovery depends on earnings growth, and we expect earnings to gradually improve over the next few quarters," Surana said.

In an interview with Mint, he also said new investors could look at hybrid funds to ride out volatility while gaining equity exposure, adding that staying focused on quality, diversifying through asset allocation, and not panicking during market swings is key.

Here are some edited excerpts f...