Systematic Investment Plan (SIP) is a technique through which you can invest in mutual funds weekly, daily, monthly, and quarterly. SIP is a hassle-free approach to put your resources into shared assets. You can invest in mutual funds through a lumpsum amount and SIP. SIP is a great mode of investment if you are looking to invest for a long period of time. You can easily accrue your target corpus by investing your money in mutual funds through SIP.