Mutual funds are the best bet even today at 11500 levels. To a person who has seen 5000 and 6000 levels of Sensex with awe, 11500 might seem to be a "peak". But in view of economists, the "Great India Story" has just begun and Sensex is going to rise again after such "corrections" (read 200 and 300 point falls). MF's with lesser risks are a better bet even though equity is better for higher returns still for those with voracious appetite for risks.