Mutual funds, which are known for creating long term assets, give small investors access to professionally-managed, diversified portfolios of equities, bonds and other securities. If you want to create asset for yourself and are not aware how to proceed, you should go for a systematic transfer plan.
Such plan works in a simple, yet effective manner, as it helps you invest more in equity when markets are falling and less in equity when markets are rising.
The systematic transfer plan also lets you invest a lumpsum amount in a chosen scheme (like liquid, ultra short term funds, etc) and systematically transfer a variable amount into another chosen scheme (like equity scheme) depending on the market conditions.
It would be a smarter way of investing into the equity schemes than investing a fixed amount at a regular frequency, regardless of the market conditions.
The plan works on a smart concept of ‘invest more’ when the current stock market is falling and ‘invest less’ when it is rising. It will help you earn returns from both debt and equity, and through a systematic investment linked to the market-levels.
When you decide to go for such plan, you need to select any open-ended liquid/debt scheme (called the Transferor Scheme) and any open-ended equity scheme (called the Transferee Scheme) of any available mutual fund in the market. 
You need to make a lump sum investment in the Transferor Scheme; you can also invest using the SIP (systematic investment plan) mode. Based on your asset allocation, the opted Mutual Fund company would calculate the monthly amount to be transferred under the selected plan.
After choosing one such plan, you should decide how much to transfer from the Transferor scheme to the Transferee scheme at the time of enrolment. The minimum transfer amount is likely to be Rs 30,000 and in multiplies of Rs 500 thereafter. 
This will be 1.5 times the amount you decide to transfer from the Transferor scheme to the Transferee scheme, as it will be two times the amount you decide to transfer from the Transferor scheme to the Transferee scheme.
If you don’t state which plan you want to use, the mutual fund company will automatically use plan for your smart investment. Depending on how much the market moves up or down, the company may also decide how much to transfer (low, medium or high amount) from your Transferor scheme to your Transferee scheme as per the selected plan.