Which combination of equity, debt and gold delivered best returns over time?

A 25-year performance study by FundsIndia Research found that no single equity-debt-gold mix consistently delivered the highest returns across all periods. However, a 70:15:15 portfolio recorded the highest average return of 15% over seven-year rolling periods and delivered annualised returns above 10% in 92% of those periods. The 50:25:25 portfolio averaged 14.2%.