give you nearly 15 one year stocks may be down 50 but over a period of 35 years you can hope to get an average return of 15 says sanghvi this is because historical data indicates that stocks have the potential to outperform all other asset class in the long run elsss also beat other equity mf schemes as they have a mandatory 3year lockin period this gives us freedom to invest in stocks with huge potential and wait for unlocking of value whereas in an openended fund this is not possible says a fund manager though elsss didnt outperform the last rally on previous occasions the category has managed to outperform other equity schemes he adds