Which mutual funds hold Mahindra & Mahindra Financial Services Limited?

119 mutual funds hold Mahindra & Mahindra Financial Services Limited as of May 2026. The highest weight is 3.63% held by LIC MF Focused Fund-Direct Plan-Growth. Data from official AMFI monthly portfolio disclosures.

What sector is Mahindra & Mahindra Financial Services Limited in?

Mahindra & Mahindra Financial Services Limited is in the Finance sector and is categorised as by SEBI.

What is the SEBI market cap category of Mahindra & Mahindra Financial Services Limited?

As per SEBI and AMFI classification (Jul-Dec 2025), Mahindra & Mahindra Financial Services Limited is a Mid Cap stock ranked #223 with an average market cap of ₹41.38 K Cr.

Finance

Mahindra & Mahindra Financial Services Limited

ISIN: INE774D01024 · Data as of May 2026

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Active Funds Holding

119

vs Last Month

+6 funds

Total Value

₹6,870.48 Cr

Avg Weight

0.77%

New Entries

Exits

Top Holder

LIC MF Focused Fund-Direct Plan-Growth 3.63%

ℹ️ Index funds and ETFs are excluded. Only actively managed funds reflect genuine fund manager decisions.

Mid Cap Rank #223

₹25.88 K Cr

Avg Mkt Cap · Jul-Dec 2022 (3yr ago)

→

₹41.38 K Cr

Avg Mkt Cap · Jul-Dec 2025 (latest)

+59.9%

3yr change

SEBI · AMFI Market Cap List

📋 What Changed This Month Mahindra & Mahindra Financial Services Limited is currently held by 119 active mutual funds with total exposure of ₹6,870.48 Cr. This month 10 funds entered and 27 funds exited. LIC MF Focused Fund-Direct Plan-Growth has the highest allocation at 3.63%. ↓ Scroll down for full fund list and monthly changes.

Trend

How Has Fund Coverage Changed — Last 4 Months?

Month	Funds	AMCs	Status
May 2026 REFERENCE	119	49 / 49	✅ Complete
Apr 2026	113	49 / 49	✅ Complete
Mar 2026	111	48 / 49	⏳ Partial — 48 of 49 AMCs uploaded
Feb 2026	101	46 / 49	⏳ Partial — 46 of 49 AMCs uploaded

📌 Portfolio changes below are based on May 2026 data — the most complete month with 49 AMCs we cover uploaded.

This Month

What Changed in the Portfolio — May 2026?

▲ New Entries (10)

JM Large and Midcap Fund 1.34%

Nippon India Vision Large & Mid Cap Fund - Direct Plan Growth Plan - Growth Option 0.99%

Sundaram ELSS Tax Saver Fund Direct Plan Growth 0.92%

Sundaram Flexicap Fund Direct Growth 0.92%

Motilal Oswal Nifty Midcap 150 Index Fund 0.5%

Aditya Birla Sun Life Conglomerate Fund-Direct Growth 0.49%

Bandhan Large & Mid Cap Fund - Direct Plan - Growth 0.3%

Edelweiss Nifty LargeMidcap250 Plus 8-13 Yr G-Sec 70:30 Index Fund 0.18%

▼ Exits (27)

Union Active Momentum Fund - Direct Plan - Growth Option 2.62%

Samco Special Opportunities Fund 2.58%

Sundaram Large and Midcap Fund Direct Plan - Growth 1.88%

Samco Mid Cap Fund 1.65%

Axis Quant Fund - Direct Plan - Growth 1.47%

JM Large & Mid Cap Fund (Direct) - Growth Option 1.43%

Sundaram Multi-Factor Fund - Direct - Growth 1.35%

ITI Banking and Financial Services Fund - Direct Plan - Growth Option 1.34%

↑ Increased (8)

JM ELSS Tax Saver Fund (Direct) - Growth Option +0.15%

SBI CONTRA FUND - DIRECT PLAN - GROWTH +0.06%

LIC MF Value Fund-Direct Plan-Growth +0.09%

Kotak Rural Opportunities Fund - Direct Plan - Growth +0.01%

HDFC NIFTY Midcap 150 Index Fund - Growth Option - Direct Plan +0.37%

Nippon India ETF Nifty Dividend Opportunities 50 +0.01%

Navi Nifty midsmallcap 400 Index Fund- Direct - Growth +0.15%

Nippon India Nifty 500 Equal Weight Index Fund - Direct Plan - Growth Option +0.01%

↓ Decreased (86)

LIC MF Focused Fund-Direct Plan-Growth -0.88%

Sundaram Mid Cap Fund Direct Plan - Growth -0.12%

Old Bridge Flexi Cap Fund -0.45%

Tata Large & MId Cap Fund -Direct Plan- Growth Option -0.05%

DSP Quant Fund - Direct Plan - Growth -0.04%

HDFC Mid Cap Fund - Growth Option - Direct Plan -0.06%

BANDHAN ELSS Tax Saver Fund - Direct Plan - Growth -0.02%

Aditya Birla Sun Life Quant Fund - Direct Growth -0.26%

By Category

Which Fund Categories Hold This Stock?

Category	Funds	Avg Weight
Index/ETF	69	0.47%
Mid Cap	17	1.17%
Equity	13	0.96%
ELSS	4	1.49%
Value/Contra	4	1.6%
Multi Cap	4	0.89%
Flexi Cap	3	1.18%
Focused	1	3.63%
Multi Asset	1	1.53%
Dividend Yield	1	1.31%
Balanced Advantage	1	0.97%
Large Cap	1	0.05%

All Holdings

Which 119 Active Funds Hold Mahindra & Mahindra Financial Services Limited?

Filter:

Fund ↕	Category ↕	Weight ↕	Value ↕	Change ↕
LIC MF Focused Fund-Direct Plan-Growth Lic Mutual Fund	Focused	3.63%	₹5.93 Cr	-0.88%
Sundaram Mid Cap Fund Direct Plan - Growth Sundaram Mutual Fund	Mid Cap	2.55%	₹349.15 Cr	-0.12%
Old Bridge Flexi Cap Fund Old Bridge Mutual Fund	Flexi Cap	2.46%	₹4.34 Cr	-0.45%
Tata Large & MId Cap Fund -Direct Plan- Growth Option Tata Mutual Fund	Mid Cap	2.24%	₹174.60 Cr	-0.05%
DSP Quant Fund - Direct Plan - Growth DSP Mutual Fund	Equity	2.02%	₹15.80 Cr	-0.04%
HDFC Mid Cap Fund - Growth Option - Direct Plan HDFC Mutual Fund	Mid Cap	1.99%	₹1,933.39 Cr	-0.06%
JM ELSS Tax Saver Fund (Direct) - Growth Option JM Financial Mutual Fund	ELSS	1.95%	₹4.34 Cr	+0.15%
BANDHAN ELSS Tax Saver Fund - Direct Plan - Growth Bandhan Mutual Fund	ELSS	1.91%	₹129.05 Cr	-0.02%
Aditya Birla Sun Life Quant Fund - Direct Growth Aditya Birla Sun Life Mutual Fund	Equity	1.84%	₹37.73 Cr	-0.26%
Franklin India Mid Cap Fund - Direct - Growth Franklin Templeton Mutual Fund	Mid Cap	1.84%	₹225.11 Cr	-0.06%
Bandhan Value Fund - Direct Plan - Growth Bandhan Mutual Fund	Value/Contra	1.78%	₹174.60 Cr	-0.02%
SBI MIDCAP FUND - DIRECT PLAN - GROWTH SBI Mutual Fund	Mid Cap	1.75%	₹409.93 Cr	-0.05%
Bandhan Financial Services Fund Bandhan Mutual Fund	Equity	1.68%	₹17.62 Cr	-0.2%
Kotak Active Momentum Fund - Direct Plan - Growth option Kotak Mutual Fund	Equity	1.67%	₹24.73 Cr	-0.58%
SBI CONTRA FUND - DIRECT PLAN - GROWTH SBI Mutual Fund	Value/Contra	1.62%	₹765.72 Cr	+0.06%
BANDHAN MULTI CAP FUND - GROWTH - DIRECT PLAN Bandhan Mutual Fund	Multi Cap	1.61%	₹47.07 Cr	-0.06%
SBI MULTI ASSET ALLOCATION FUND - DIRECT PLAN - GROWTH SBI Mutual Fund	Multi Asset	1.53%	₹280.36 Cr	-0.09%
LIC MF Value Fund-Direct Plan-Growth Lic Mutual Fund	Value/Contra	1.52%	₹3.32 Cr	+0.09%
Motilal Oswal Nifty Midcap150 Momentum 50 ETF Motilal Oswal Mutual Fund	Index/ETF	1.48%	₹59.27 L	-0.09%
Tata Nifty Midcap 150 Momentum 50 Index Fund - Growth - Direct Plan Tata Mutual Fund	Index/ETF	1.48%	₹17.48 Cr	-0.09%
SBI Nifty Midcap 150 Momentum 50 ETF SBI Mutual Fund	Index/ETF	1.48%	₹13.64 L	-0.09%
Edelweiss Nifty Midcap150 Momentum 50 Index Fund - Direct Plan - Growth Edelweiss Mutual Fund	Index/ETF	1.48%	₹24.82 Cr	-0.09%
Kotak Nifty Midcap 150 Momentum 50 Index Fund-Direct Plan-Growth Kotak Mutual Fund	Index/ETF	1.48%	₹6.20 Cr	-0.09%
LIC MF Mid Cap Fund-Direct Plan-Growth Lic Mutual Fund	Mid Cap	1.47%	₹5.26 Cr	-0.08%
UTI Value Fund - Direct Plan - Growth Option UTI Mutual Fund	Value/Contra	1.47%	₹135.88 Cr	—
Kotak Quant Fund - Direct Plan - Growth Option Kotak Mutual Fund	Equity	1.44%	₹7.12 Cr	-0.05%
JM Large and Midcap Fund JM Financial Mutual Fund	Mid Cap	1.34%	₹5.60 Cr	NEW
Motilal Oswal BSE Financials ex Bank 30 Index Fund Direct Growth Motilal Oswal Mutual Fund	Index/ETF	1.33%	₹40.49 L	-0.03%
UTI-Dividend Yield Fund.-Growth-Direct UTI Mutual Fund	Dividend Yield	1.31%	₹48.58 Cr	-0.02%
JM Midcap Fund (Direct) - Growth JM Financial Mutual Fund	Mid Cap	1.19%	₹14.42 Cr	-0.28%
SBI ELSS Tax Saver FUND - DIRECT PLAN -GROWTH SBI Mutual Fund	ELSS	1.17%	₹360.81 Cr	-0.02%
HDFC Large and Mid Cap Fund - Growth Option - Direct Plan HDFC Mutual Fund	Mid Cap	1.05%	₹298.46 Cr	-0.03%
Sundaram Multi Cap Fund (Formerly Known as Principal Multi Cap Growth Fund)-Direct Plan - Growth Option Sundaram Mutual Fund	Multi Cap	1.03%	₹29.04 Cr	-1.1%
Nippon India Vision Large & Mid Cap Fund - Direct Plan Growth Plan - Growth Option Nippon India Mutual Fund	Mid Cap	0.99%	₹71.31 Cr	NEW
SBI BANKING & FINANCIAL SERVICES FUND - DIRECT PLAN - GROWTH SBI Mutual Fund	Equity	0.98%	₹101.45 Cr	-0.02%
SBI Balanced Advantage Fund - Direct Plan - Growth SBI Mutual Fund	Balanced Advantage	0.97%	₹396.14 Cr	-0.03%
Kotak Rural Opportunities Fund - Direct Plan - Growth Kotak Mutual Fund	Equity	0.95%	₹7.59 Cr	+0.01%
Sundaram ELSS Tax Saver Fund Direct Plan Growth Sundaram Mutual Fund	ELSS	0.92%	₹11.66 Cr	NEW
Sundaram Flexicap Fund Direct Growth Sundaram Mutual Fund	Flexi Cap	0.92%	₹18.10 Cr	NEW
Motilal Oswal Nifty 500 Momentum 50 Index Fund-Direct Plan-Growth Motilal Oswal Mutual Fund	Index/ETF	0.87%	₹6.79 Cr	-0.04%
Motilal Oswal Nifty 500 Momentum 50 ETF Motilal Oswal Mutual Fund	Index/ETF	0.87%	₹3.14 Cr	-0.04%
ITI Mid Cap Fund - Direct Plan - Growth Option ITI Mutual Fund	Mid Cap	0.87%	₹12.19 Cr	-0.05%
Kotak Nifty500 Momentum 50 Index Fund - Direct Plan - Growth Kotak Mutual Fund	Index/ETF	0.87%	₹20.17 L	-0.05%
Nippon India Nifty 500 Momentum 50 Index Fund - Direct Plan - Growth Option Nippon India Mutual Fund	Index/ETF	0.87%	₹10.42 Cr	-0.04%
Axis Nifty500 Momentum 50 Index Fund - Direct Plan - Growth Option Axis Mutual Fund	Index/ETF	0.87%	₹1.30 Cr	-0.04%
Groww Nifty 500 Momentum 50 ETF Groww Mutual Fund	Index/ETF	0.87%	₹22.56 L	-0.04%
Edelweiss Large & Mid Cap Fund - Direct Plan - Growth Option Edelweiss Mutual Fund	Mid Cap	0.69%	₹31.67 Cr	-0.03%
Nippon India Growth Mid Cap Fund - Direct Plan Growth Plan - Growth Option Nippon India Mutual Fund	Mid Cap	0.67%	₹318.81 Cr	-0.04%
Axis Large & Mid Cap Fund - Direct Plan - Growth Axis Mutual Fund	Mid Cap	0.61%	₹96.20 Cr	-0.02%
Motilal Oswal Nifty Midcap 100 ETF Motilal Oswal Mutual Fund	Index/ETF	0.6%	₹5.18 Cr	-0.04%
LIC MF Nifty Midcap 100 ETF Lic Mutual Fund	Index/ETF	0.6%	₹3.97 Cr	-0.04%
Sundaram Financial Services Opportunities Fund Direct Plan - Growth Sundaram Mutual Fund	Equity	0.51%	₹8.16 Cr	-0.01%
Mirae Asset BSE 200 Equal Weight ETF Mirae Asset Mutual Fund	Index/ETF	0.51%	₹9.83 L	-0.02%
Motilal Oswal Nifty Midcap 150 Index Fund Motilal Oswal Mutual Fund	Index/ETF	0.5%	₹17.94 Cr	NEW
Aditya Birla Sun Life Nifty Midcap 150 Index Fund-Direct Growth Aditya Birla Sun Life Mutual Fund	Index/ETF	0.5%	₹2.30 Cr	-0.02%
ICICI Prudential Nifty Midcap 150 ETF ICICI Prudential Mutual Fund	Index/ETF	0.5%	₹3.64 Cr	-0.02%
ICICI Prudential Nifty Midcap 150 Index Fund - Direct Plan - Growth ICICI Prudential Mutual Fund	Index/ETF	0.5%	₹5.49 Cr	-0.03%
Tata Nifty Midcap 150 Index Fund - Direct Plan - Growth Option Tata Mutual Fund	Index/ETF	0.5%	₹1.44 Cr	-0.03%
SBI Nifty Midcap 150 Index Fund - Direct Plan - Growth SBI Mutual Fund	Index/ETF	0.5%	₹5.46 Cr	-0.03%
SBI Nifty Midcap 150 ETF SBI Mutual Fund	Index/ETF	0.5%	₹5.86 L	-0.02%
HDFC NIFTY MIDCAP 150 ETF HDFC Mutual Fund	Index/ETF	0.5%	₹72.27 L	-0.02%
HDFC NIFTY Midcap 150 Index Fund - Growth Option - Direct Plan HDFC Mutual Fund	Index/ETF	0.5%	₹3.08 Cr	+0.37%
Baroda BNP Paribas Nifty Midcap 150 Index Fund - Direct Plan - Growth Option Baroda BNP Paribas Mutual Fund	Index/ETF	0.5%	₹4.93 L	-0.01%
DSP Nifty Midcap 150 Index Fund - Direct - Growth DSP Mutual Fund	Index/ETF	0.5%	₹7.21 L	-0.02%
DSP Nifty Midcap 150 ETF DSP Mutual Fund	Index/ETF	0.5%	₹2.70 L	-0.02%
JioBlackRock Nifty Midcap 150 Index Fund - Direct Plan - Growth Option JioBlackRock Mutual Fund	Index/ETF	0.5%	₹1.30 Cr	-0.03%
KOTAK NIFTY MIDCAP 150 INDEX FUND-DIRECT PLAN-GROWTH Kotak Mutual Fund	Index/ETF	0.5%	₹17.44 L	-0.03%
Kotak Nifty Midcap 150 ETF Kotak Mutual Fund	Index/ETF	0.5%	₹6.09 L	-0.02%
Mirae Asset Nifty Midcap 150 ETF Mirae Asset Mutual Fund	Index/ETF	0.5%	₹8.80 Cr	-0.02%
Nippon India ETF Nifty Dividend Opportunities 50 Nippon India Mutual Fund	Index/ETF	0.5%	₹35.10 L	+0.01%
Nippon India ETF Nifty Midcap 150 Nippon India Mutual Fund	Index/ETF	0.5%	₹17.42 Cr	-0.03%
Navi Nifty midsmallcap 400 Index Fund- Direct - Growth Navi Mutual Fund	Index/ETF	0.5%	₹1.89 Cr	+0.15%
Zerodha Nifty Midcap 150 ETF Zerodha Mutual Fund	Index/ETF	0.5%	₹1.28 Cr	-0.02%
Groww Nifty Midcap 150 ETF Groww Mutual Fund	Index/ETF	0.5%	₹2.97 L	-0.02%
Groww Nifty Midcap 150 Index Fund Direct Growth Groww Mutual Fund	Index/ETF	0.5%	₹7.18 L	-0.03%
UTI Nifty Midcap 150 Exchange Traded Fund UTI Mutual Fund	Index/ETF	0.5%	₹6.84 L	-0.02%
UTI Nifty Midcap 150 Index Fund - Direct Plan - Growth Option UTI Mutual Fund	Index/ETF	0.5%	₹34.97 L	-0.05%
Aditya Birla Sun Life Conglomerate Fund-Direct Growth Aditya Birla Sun Life Mutual Fund	Equity	0.49%	₹7.94 Cr	NEW
Nippon India Nifty Midcap 150 Index Fund - Direct Plan - Growth Option Nippon India Mutual Fund	Index/ETF	0.49%	₹12.24 Cr	-0.04%
Franklin India Multi Cap Fund - Direct - Growth Franklin Templeton Mutual Fund	Multi Cap	0.48%	₹23.51 Cr	-0.36%
UTI Multi Cap Fund - Direct Plan - Growth Option UTI Mutual Fund	Multi Cap	0.45%	₹8.72 Cr	-0.01%
Navi Large & Midcap Fund- Direct Plan- Growth Option Navi Mutual Fund	Mid Cap	0.42%	₹1.26 Cr	-0.01%
UTI Conservative Hybrid Fund - Direct Plan - Growth Option UTI Mutual Fund	Equity	0.35%	₹5.68 Cr	—
UTI Quant Fund - Direct Plan - Growth Option UTI Mutual Fund	Equity	0.31%	₹4.93 Cr	—
Bandhan Large & Mid Cap Fund - Direct Plan - Growth Bandhan Mutual Fund	Mid Cap	0.3%	₹51.62 Cr	NEW
ICICI Prudential Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth ICICI Prudential Mutual Fund	Index/ETF	0.26%	₹69.99 L	-0.01%
HDFC NIFTY LargeMidcap 250 Index Fund - Growth Option - Direct HDFC Mutual Fund	Index/ETF	0.26%	₹1.14 Cr	-0.01%
Edelweiss Nifty LargeMidcap 250 ETF - Growth Edelweiss Mutual Fund	Index/ETF	0.26%	₹39.54 L	-0.01%
Edelweiss NIFTY Large Midcap 250 Index Fund - Direct Plan Growth Edelweiss Mutual Fund	Index/ETF	0.26%	₹83.68 L	-0.01%
Mirae Asset Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth Mirae Asset Mutual Fund	Index/ETF	0.26%	₹9.10 L	-0.01%
ZERODHA NIFTY LARGE MIDCAP 250 INDEX FUND Zerodha Mutual Fund	Index/ETF	0.26%	₹3.74 Cr	-0.01%
ZERODHA ELSS TAX SAVER NIFTY LARGE MIDCAP 250 INDEX FUND Zerodha Mutual Fund	Index/ETF	0.26%	₹70.54 L	-0.01%
ZERODHA NIFTY MIDSMALLCAP400 50:50 INDEX FUND Zerodha Mutual Fund	Index/ETF	0.25%	₹2.49 L	—
Nippon India Nifty 500 Equal Weight Index Fund - Direct Plan - Growth Option Nippon India Mutual Fund	Index/ETF	0.19%	₹89.88 L	+0.01%
Edelweiss Nifty LargeMidcap250 Plus 8-13 Yr G-Sec 70:30 Index Fund Edelweiss Mutual Fund	Equity	0.18%	₹7.95 L	NEW
Zerodha Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund Zerodha Mutual Fund	Index/ETF	0.17%	₹3.00 L	-0.01%
JioBlackRock Flexi Cap Fund - Direct Plan - Growth Option JioBlackRock Mutual Fund	Flexi Cap	0.15%	₹4.72 Cr	-0.01%
HDFC Nifty500 Multicap 50.25.25 Index Fund HDFC Mutual Fund	Index/ETF	0.13%	₹59.67 L	NEW
Mirae Asset Nifty500 Multicap 50:25:25 ETF Mirae Asset Mutual Fund	Index/ETF	0.13%	₹10.63 L	—
NAVI NIFTY 500 MULTICAP 50-25-25 DIRECT PLAN Navi Mutual Fund	Index/ETF	0.12%	₹3.30 L	-0.01%
Groww Nifty 200 ETF Groww Mutual Fund	Index/ETF	0.12%	₹2.03 L	—
ICICI Prudential BSE 500 ETF ICICI Prudential Mutual Fund	Index/ETF	0.11%	₹36.92 L	—
HDFC BSE 500 ETF HDFC Mutual Fund	Index/ETF	0.11%	₹2.39 L	—
HDFC BSE 500 INDEX FUND HDFC Mutual Fund	Index/ETF	0.11%	₹29.70 L	—
Motilal Oswal Nifty 50 Index Fund - Direct plan - Growth Motilal Oswal Mutual Fund	Index/ETF	0.1%	₹3.08 Cr	-0.01%
Motilal Oswal Nifty 500 ETF Motilal Oswal Mutual Fund	Index/ETF	0.1%	₹28.32 L	-0.01%
Motilal Oswal BSE 1000 Index Fund - Direct Plan - Growth Motilal Oswal Mutual Fund	Index/ETF	0.1%	₹6.01 L	—
ICICI Prudential Nifty 500 Index Fund - Direct Plan - Growth ICICI Prudential Mutual Fund	Index/ETF	0.1%	₹9.20 L	-0.01%
SBI Nifty 500 Index Fund- Direct Plan- Growth SBI Mutual Fund	Index/ETF	0.1%	₹78.77 L	-0.01%
DSP Nifty 500 Index Fund - Direct - Growth DSP Mutual Fund	Index/ETF	0.1%	₹1.43 L	-0.01%
Mirae Asset Nifty Total Market Index Fund Mirae Asset Mutual Fund	Index/ETF	0.1%	₹4.98 L	—
Axis Nifty 500 Index Fund - Direct Plan - Growth Option Axis Mutual Fund	Index/ETF	0.1%	₹31.08 L	-0.01%
Groww Nifty Total Market Index Fund - Direct Plan - Growth Groww Mutual Fund	Index/ETF	0.1%	₹35.34 L	—
Angel One Nifty Total Market ETF Angel One Mutual Fund	Index/ETF	0.1%	₹4.18 L	—
Angel One Nifty Total Market Index Fund Angel One Mutual Fund	Index/ETF	0.1%	₹5.83 L	—
Bandhan Nifty Total Market Index Fund Bandhan Mutual Fund	Index/ETF	0.1%	₹4.52 L	NEW
JioBlackRock Sector Rotation Fund - Direct Plan - Growth Option JioBlackRock Mutual Fund	Equity	0.09%	₹13.46 L	-0.01%
JioBlackRock Large Cap Fund JioBlackRock Mutual Fund	Large Cap	0.05%	₹2.00 L	-0.01%
HSBC Midcap Fund - Direct Growth HSBC Mutual Fund	Mid Cap	0%	₹15.87 L	—

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Data source: Official AMFI monthly portfolio disclosures. Updated every month. Index funds and ETFs excluded. Disclaimer: This is not investment advice. Consult a SEBI-registered advisor before investing.