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In the long run MF outperforms all asset classes?

I have a general query:

In one of the posts by Manish i saw a quote, “in the long run (30 – 35 years) mutual funds (equity) outperforms all other assest classes”

 

Is this true even for MF vs investment on land/flat (excluding occupied flat)?

If so, does it really mean MF investment (equity) is the best investment option available?

Is there any other option that outperforms equity?

Please share your thoughts

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