New Delhi, Aug. 23 -- Building an investment portfolio is not only about choosing between equity, debt and gold. The proportion allocated to each asset can also change the returns and volatility an investor experiences over time.

FundsIndia Research compared several combinations of equity, debt and gold using rolling returns from January 2000 to July 2026. The analysis looked at portfolios ranging from equity-heavy allocations to portfolios with a larger share of debt and gold.

The findings show that there was no single allocation that delivered the highest return across every period. However, the 70% equity, 15% debt and 15% gold combination stood out for its balance of returns and consistency over seven-year periods.

FundsIndia compa...