A Demat Account (Dematerialized Account) is an account that allows you to hold your financial securities (like shares, bonds, ETFs, mutual funds) in electronic form instead of physical certificates.
Common Types
Regular SIP: You invest the same fixed amount every month for a set period.
Top-up (Step-up) SIP: Allows you to increase your monthly investment by a certain amount (e.g., 10%) every year as your salary grows.