New Delhi, May 22 -- Asset allocation plays a far bigger role in long-term wealth creation than most investors realise. While chasing the best-performing asset may deliver short-term gains, combining equities, debt and gold in the right proportion can help generate stronger and more stable returns across market cycles.

Recently, FundsIndia released a report - Wealth Conversations - that provides interesting long-term investment insights on equity, debt, gold, real estate, asset allocation and diversification. It also show wealth creation is driven not just by choosing the best-performing asset, but by having the right mix of assets.

The report teaches one of the most important investing lessons - long-term returns are not driven only by...