Equity as an asset class is highly rewarding but at the same time it is inherently volatile in nature. An effective alternative available to investors to reap the benefit of equity and reduce the risk with diversification is equity mutual funds. Moreover there is fund manager who is a market expert whose knowledge helps to reap the benefits of equity. It offers various convenient options to investors to suit their requirements. However, one cannot expect from a common investor that they have a huge investible surplus to invest in equity or equity funds. The solution to the above problem lies in the most beneficial mode of investment and reap the handsome returns from equity is Systematic Investment Plan, most commonly known as SIP. The research discusses the concept of Systematic Investment Plan, its benefits to common investors along with its various alternatives it offers to select, so as to realize the maximum benefit in long term.