Early reviews for the new MProfit beta version are in, and our users are already loving our new Cloud and Mobile applications.
\n\n\n\n\n\n\n\nThe below feedback has been provided by longtime MProfit client, M. Pari. We are thankful for having such a loyal & dedicated user base!
\n\n\n\n\n\n\n\n“MProfit – A Great Financial Tool
\n\n\n\nToday I have downloaded the MProfit 10 in my Laptop and the App in my iPad and spent a couple of hours on exploring the various features of the App and the Reports/Charts that could be generated from Cloud.
\n\n\n\nThrough the App, now we are able to access the portfolio of the family and of members and could obtain the summary and transaction details of all assets and meaningful charts with simple touches on the screen.
\n\n\n\nIt is a wonderful milestone in MProfit for having introduced such a very user friendly App. Due care has been taken for the requirements of the users. Designing of the App has been well thought of and implemented very appreciably.
\n\n\n\nWith more than three decades of exposure as a Banker and the feel of the customer expectation, I admire your dedication to elevate the software to such an elite level and the concern you are exhibiting to the customer needs.
\n\n\n\nMProfit has become an inevitable financial life tool.
\n\n\n\nI congratulate the entire team of MProfit and extend my sincere thanks as a user.”
\n","wordpress_id":6962,"tags":null,"featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.2041884816753927,"src":"/static/f963254d3def15fb50eeb27a245d6971/63f01/Feature.png","srcSet":"/static/f963254d3def15fb50eeb27a245d6971/75015/Feature.png 230w,\n/static/f963254d3def15fb50eeb27a245d6971/65062/Feature.png 460w,\n/static/f963254d3def15fb50eeb27a245d6971/63f01/Feature.png 920w,\n/static/f963254d3def15fb50eeb27a245d6971/d4bc3/Feature.png 1376w","sizes":"(max-width: 920px) 100vw, 920px"}}}}},"allWordpressPost":{"edges":[{"node":{"title":"New MProfit Cloud & Mobile Apps","excerpt":"We are happy to announce that a new version of MProfit is now available in Beta. This new update comes packaged with the Phase 1 launch of our much awaited MProfit Cloud platform for Free & Paid Users. What this means for you: With MProfit 10, you will now be able to manage your investments […]
\n","slug":"new-mprofit-update-with-cloud-beta-release","content":"We are happy to announce that a new version of MProfit is now available in Beta. This new update comes packaged with the Phase 1 launch of our much awaited MProfit Cloud platform for Free & Paid Users.
\nWhat this means for you:
\nWith MProfit 10, you will now be able to manage your investments in MProfit, sync your data to Cloud, and view your MProfit portfolios on web browsers, mobile or tablet devices.
\nDownload MProfit 10 and start tracking your investments on MProfit Cloud immediately. By doing so, you agree to become an MProfit Beta user.
\nKey new features of MProfit 10:
\n____________
\nFor Advisors:
\n__________
\nPlease note: MProfit 10 is compatible with Windows 7 SP1, Windows 8 and Windows 10. Windows XP users will not be able to use this new version.
\nMProfit 10 & MProfit Cloud are currently available in a pre-release Beta version. Additional functionality and reports in MProfit Cloud will be rolled out in a phased manner over coming months.
\nWe are currently seeking feedback from MProfit 10 Beta users. If you have any questions or would like to request a demo for MProfit 10 & MProfit Cloud, please contact our support team at 022-40024149 or email us at support@mprofit.in.
\nOnce you download the new version, Click here to learn how to access MProfit on Cloud and Mobile.
\n","date":"2019-04-16T07:04:04.000Z","path":"/2019/04/new-mprofit-update-with-cloud-beta-release/","categories":[{"name":"News","id":"ba8e13dd-b42a-585f-8bb8-44db5826c7ab"}],"featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.7241379310344827,"src":"/static/f822ae17a01ca016dd22d9addffd472a/69585/ID-5-For-Homepage-5.png","srcSet":"/static/f822ae17a01ca016dd22d9addffd472a/ef958/ID-5-For-Homepage-5.png 50w,\n/static/f822ae17a01ca016dd22d9addffd472a/65e33/ID-5-For-Homepage-5.png 100w,\n/static/f822ae17a01ca016dd22d9addffd472a/69585/ID-5-For-Homepage-5.png 200w,\n/static/f822ae17a01ca016dd22d9addffd472a/630fb/ID-5-For-Homepage-5.png 300w,\n/static/f822ae17a01ca016dd22d9addffd472a/497c6/ID-5-For-Homepage-5.png 400w,\n/static/f822ae17a01ca016dd22d9addffd472a/8eab8/ID-5-For-Homepage-5.png 1336w","sizes":"(max-width: 200px) 100vw, 200px"}}}}}},{"node":{"title":"MProfit makes Portfolio Management simple for Zerodha clients","excerpt":"A pioneer of the “discount broking” model in India, Zerodha has established itself as India’s biggest stock broker by active retail clients, and the biggest by trading volumes on India’s top stock exchanges. Over 1 million clients actively trade with Zerodha every day, contributing to over 10% of Indian retail trading volume. Differentiated by its […]
\n","slug":"mprofit-makes-portfolio-management-simple-for-zerodha-clients","content":"A pioneer of the “discount broking” model in India, Zerodha has established itself as India’s biggest stock broker by active retail clients, and the biggest by trading volumes on India’s top stock exchanges. Over 1 million clients actively trade with Zerodha every day, contributing to over 10% of Indian retail trading volume.
\nDifferentiated by its unique offering of sleek and intuitive trading tools, Zerodha has played an important part in transforming the brokerage industry in India. Zerodha’s “discount brokerage” model exempts clients from broking charges on equity investments. Further, it offers a flat fee of Rs. 20 on intraday and F&O trades.
\nMProfit can attest, better than anyone, that Zerodha has become an important member of the Indian financial markets ecosystem. Our daily interactions with current MProfit clients provide us a with good reading of how popular Zerodha is with investors today.
\nSimilar to MProfit, Zerodha places emphasis on robust customer support and user feedback. We have learned this first-hand from our recent interactions with Zerodha to collaboratively resolve data import roadblocks for our mutual clients. At MProfit, we have worked hard to incorporate support for various kinds of Zerodha trade files in our platform. Our mutual clients with Zerodha can thus easily import their transaction data into MProfit to obtain a seamless portfolio management experience.
\nCurrently, MProfit provides full import support for Zerodha transaction statements across Stocks, F&O, Commodities (MCX), Currencies and Mutual Funds. Transaction statements supported by MProfit include Daily Digital Contract Notes received via email, PDF Contract Notes exported from Zerodha’s Q Backoffice and Excel Tradebook Files exported from Zerodha Q Backoffice.
\nClick here for detailed information on how you can import your desired Zerodha statements into MProfit.
\nThank you for being a valued member of the MProfit ecosystem!
At a time when the Indian Mutual Fund (MF) industry is celebrating 25 golden years of existence, we are witnessing important developments in the landscape, some impacted by SEBI while others fuelled by changes in the broader economy. Here’s what you as an investor need to be aware of: Expense reduction in MFs To pass […]
\n","slug":"in-focus-key-developments-in-mutual-funds","content":"At a time when the Indian Mutual Fund (MF) industry is celebrating 25 golden years of existence, we are witnessing important developments in the landscape, some impacted by SEBI while others fuelled by changes in the broader economy. Here’s what you as an investor need to be aware of:
\nTo pass on the economies of multi-fold scale in MFs to end consumers, SEBI has lowered the Total Expense Ratio (TER) that a fund house can charge investors on Equity MFs, effectively making such investments cheaper at the retail level. TER reduction in MFs will vary by fund size, with larger funds now facing larger cuts in TER than smaller ones.
\nIn an effort to provide investors with better transparency in MF costs, SEBI has mandated that all MF expenses and commissions must be paid from the MF scheme only. The MF industry is now required to adopt the full trail commission model for all schemes and upfront commissions can longer be paid by fund houses to MF distributors.
\nImplications: While lower MF fees and new commission mandates might initially hurt distributor margins, the pain will likely be short-lived. Greater transparency for investors combined with lower fees on MF investments will improve demand and increase market size for MF products, thereby contributing directly to top line growth for MF agents. Higher levels of investor participation in the MF industry will ultimately benefit all members of the market ecosystem including investors, financial advisors and mutual fund houses.
\nThe recent weeks have been a stress test for India’s financial system with the future of defaulting behemoth IL&FS on the line. Last week, the Government of India seized the reins of managing the group’s mammoth debt burden, prompting investors to reflect on the implications of “India’s Lehman moment”.
\nTremors originating at the epicentre of this crisis have been felt in broader bond markets, as concerns emanate about the strength of NBFC (non-banking financial company) & HFC (housing finance company) balance sheets across the industry. Falling NAVs of associated Debt MFs have drawn warranted scrutiny upon the MF industry with one seemingly alarming statistic: MFs own about 60% of overall NBFC commercial paper issuance. In the face of a weakening rupee coupled with rising bond yields, do MF investors have reason to panic?
\nThe answer is not straightforward. Market experts have attempted to calm investor nerves by asserting that this is more a crisis of confidence, not liquidity, and further adding that the RBI would do the needful to safeguard liquidity in the system. It is noteworthy however that fixed income fund exposure to HFCs (about 12 percent) and NBFCs (about 6 percent) is not, by any means, insignificant. Therefore, at present, it is crucial for those invested in affected debt funds to closely monitor the crisis resolution.
\nIt is now most important for regulators & corporates to collaboratively ensure that similar crises are avoided in the future, by reevaluation of credit rating methodologies, improved due diligence of corporate balance sheets and better diversification in MF portfolios.
\n","date":"2018-10-09T08:48:39.000Z","path":"/2018/10/in-focus-key-developments-in-mutual-funds/","categories":[{"name":"News","id":"ba8e13dd-b42a-585f-8bb8-44db5826c7ab"}],"featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.3157894736842106,"src":"/static/acf1d4614a6375c811fe051e91c03978/f836f/Mutual-Funds-2018-post.jpg","srcSet":"/static/acf1d4614a6375c811fe051e91c03978/2c7f8/Mutual-Funds-2018-post.jpg 50w,\n/static/acf1d4614a6375c811fe051e91c03978/86e11/Mutual-Funds-2018-post.jpg 100w,\n/static/acf1d4614a6375c811fe051e91c03978/f836f/Mutual-Funds-2018-post.jpg 200w,\n/static/acf1d4614a6375c811fe051e91c03978/9dc27/Mutual-Funds-2018-post.jpg 300w,\n/static/acf1d4614a6375c811fe051e91c03978/2244e/Mutual-Funds-2018-post.jpg 400w,\n/static/acf1d4614a6375c811fe051e91c03978/d793d/Mutual-Funds-2018-post.jpg 2910w","sizes":"(max-width: 200px) 100vw, 200px"}}}}}}]}},"pageContext":{"id":"4eb84535-6d84-5567-8a0b-8c20b2d71fc0","slug":"the-new-mprofit-reviewed","postId":6962,"categoryName":"News"}}}