Managing wealth across generations since 1991.
SM Investments is an AMFI Registered Mutual Fund Distributor (ARN-187082) in Solapur, helping investors understand mutual funds and work toward their financial goals.

A legacy built on trust
Our firm's foundation is built on three decades of navigating the complexities of the Indian financial markets.
SM Investments was founded in 1991 by the late Shriniwas Machal. During an era when the Indian financial markets were undergoing massive transformation, he built the firm on a simple but powerful premise: putting the client's interests first. Over the next three decades, he guided hundreds of families through market cycles, economic reforms, and personal milestones.
In 2021, following the tragic passing of Shriniwas Machal, his son Nirgunstepped in to lead the firm. Nirgun took on the mantle to preserve his father's legacy of unwavering trust, while actively modernizing the firm's approach.
Today, SM Investments combines deep-rooted traditional values with a modern approach to mutual fund distribution and investor education.
How we help investors
We focus on understanding goals, explaining investment options clearly, and supporting disciplined long-term investing.
Objective Analysis
We don't sell 'hot' funds. We analyze your entire financial footprint and recommend strategies based on mathematical risk metrics like standard deviation and maximum drawdown.
Protection First
Before creating wealth, we protect it. We strictly advocate for separating insurance from investments, ensuring your family is covered against unforeseen risks.
Long-Term Discipline
Wealth is not built overnight. We manage behavioral biases and keep you disciplined during market corrections, ensuring you stick to the plan.
Registration
- AMFI Registration Number (ARN)ARN-187082
- AMFI RegisteredMutual Fund Distributor
Mutual fund distribution services are offered under AMFI ARN-187082 and are subject to applicable regulatory requirements.
Office Presence
SM Investments HQ
132/B, Sri Nilaya, Chatla Chowk
Solapur - 413002
Maharashtra, India
Ready to start your investment journey?
Connect with Nirgun and the team to discuss your mutual fund requirements and financial goals.
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