Sensex returns since 1986 beat gold, other assets

Mumbai: India’s stock market has outperformed all other asset classes since 1986 when the Sensex was formally launched. The Sensex, which closed above the 50,000-mark on Wednesday for the first time ever, has returned 13.5 per cent annually on a compounded basis since 1986, compared with 4.85 per cent of Gold, which is considered as a safe haven asset.Bank fixed deposits and public provident fund, which have been the favourites of Indian savers