This research compares the effectiveness of Systematic Investment Plans (SIPs) in wealth growth to lump sum investments, focusing on the SBI Mutual Fund. The research assesses the long-term effectiveness of each investing strategy under a variety of market situations. SIP investing help individuals become more responsible with their money by distributing investments across numerous market cycles, reducing the risk of market prediction, and lowering their cost of living. In contrast, lump sum investments may earn higher rewards during periods of market boom; but, they also carry a higher risk of financial loss. The research investigates historical NAV data, return patterns, and risk-adjusted performance indicators for a subset of SBI Mutual Fund schemes. The findings suggest that SIPs are especially useful for regular investors who want to acquire wealth in a more steady and orderly manner, especially during times of market volatility. Lump sum investments frequently outperform other types of investments in bullish markets; but, they also lose value more quickly during bearish market situations. According to the analysis, SIPs are better suited to persons who are employed and do not want to take chances, whereas lump sum investments are better suited to those who have spare funds and are prepared to take risks.