New Delhi, Aug. 30 -- If you invest across Indian equities, debt, gold, and US equities, how you divide your portfolio across these asset classes can have a significant impact on your overall returns and risk.

A recent market study from WhiteOak Capital Mutual Fund offers a historical perspective by comparing the performance of these four asset classes from FY2011 through FY2027 year-to-date (July 2026).

The study tracks the BSE Sensex TRI for domestic equities, the CRISIL Short Term Bond Index for debt, MCX Gold in rupee terms, and the S&P 500 TRI in rupee terms for US equities.

Indian equities had some sharp swings during the period. The BSE Sensex TRI's weakest performance came in FY2020, when it fell 22.9%.

On the other hand, FY20...