SIP is Systematic Investment Plan, it is like a recurring investment done every month through some mutual fund. Like if you are investing in SIP of any mutual fund they will ask you for ur Bank A/c and will deduct the agreed amount every month and your portfolio will build up gradually. Normally SIPs are beneficial if taken for a long term, minimum for three years ....
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The Share Incentive Plan (the SIP) was first introduced in the UK in 2000. SIP's are an HMRC (Her Majesty's Revenue & Customs) approved, tax efficient all employee plan, which provides companies with the flexibility to tailor the plan to meet their business needs. SIPs are becoming increasingly popular with companies that want to engage their workforce and recruit and retain key employees.
There are 4 main elements to the SIP from which companies can choose to use one or more of the following: