![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/09/5-2-MProfit-Carousel-Product-Update-Analytics-27-9-2023-1024x1024.jpg\")
In today’s dynamic financial landscape, mutual funds have emerged as a popular investment tool for individuals and families looking to grow their wealth.
To gain deeper insights into the field of mutual fund distribution, we had the privilege of speaking with Shankar Bhatt, the Founder and CFP of Credo Capital. With 16 years of experience in distributing mutual funds and advising around 50 families with an estimated AUM of 120 Crores, Shankar is a seasoned expert in the field.
Our conversation shed light on the key factors that contributed to his success and the art of personalised mutual fund distribution.
Shankar’s journey into mutual fund distribution was propelled by his background in wealth management and a burning desire to establish his own venture. One of the key principles he emphasized is the importance of a personalized approach. Recognizing that one size does not fit all, Shankar believes in understanding the unique needs of each investor. Before making any recommendations, he takes into account factors such as the investor’s age, current portfolio, and investment goals. This tailored approach ensures that his clients receive customized mutual fund recommendations that align with their financial aspirations.
A crucial aspect of Shankar’s strategy is an effective asset allocation framework. This
framework guides clients through investment options, including stocks, fixed income, real estate, and gold. Shankar excels at customizing this allocation to suit his client’s specific needs and risk appetite. By carefully balancing these assets, he creates a diversified portfolio and reduces the overall risk exposure for his clients. Mutual funds play a pivotal role within this asset allocation framework, serving as a key component for achieving the desired investment objectives.
Effective communication is the bedrock of any successful client relationship, and Shankar firmly believes in its significance. Regular and transparent communication is the key to building trust and ensuring that clients remain well-informed about their investments. Shankar recommends at least one annual meeting to discuss progress, reassess goals, and make any necessary adjustments. This open line of communication allows him to address any concerns, answer queries, and provide guidance, ultimately empowering his clients to make informed decisions about their mutual fund investments.
Shankar acknowledges the role of technology in streamlining his mutual fund distribution operations. Among the various tools available, he highlighted the reporting system of MProfit as a game-changer. For Shankar, MProfit has simplified mutual fund management by generating clear and comprehensive reports on investments, capital gains, and dividends. By leveraging MProfit’s powerful capabilities, Shankar is able to efficiently track and analyse the performance of mutual fund portfolios, allowing him to provide accurate and timely advice to his clients.
While technology plays a pivotal role in Shankar’s operations, he also believes in the
importance of maintaining a personal touch. Managing a team of three people, he ensures that each client receives personalized attention. This hands-on approach enables him to understand the intricacies of his client’s financial situations, identify their unique investment needs, and deliver tailored solutions. By fostering a close-knit and dedicated team, Shankar creates an environment where clients feel valued and supported throughout their investment journey.
Mutual fund distribution is an art that requires a delicate balance of personalized approach, attention to detail, effective communication, and the utilization of automated software tools. Shankar’s experience and expertise serve as a testament to the significant impact a seasoned expert can have on investors seeking tailored investment options. With the guidance of a mutual funds distributor like Shankar, individuals and families can navigate the complexities of the financial market and make well-informed decisions that align with their unique needs and goals.
\n","wordpress_id":7976,"tags":null,"featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1,"src":"/static/9dbb7e5790fa4678ff209f28d3e0e506/4f94b/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg","srcSet":"/static/9dbb7e5790fa4678ff209f28d3e0e506/cd0be/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg 230w,\n/static/9dbb7e5790fa4678ff209f28d3e0e506/c2024/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg 460w,\n/static/9dbb7e5790fa4678ff209f28d3e0e506/4f94b/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg 920w,\n/static/9dbb7e5790fa4678ff209f28d3e0e506/dca3b/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg 1080w","sizes":"(max-width: 920px) 100vw, 920px"}}}}},"allWordpressPost":{"edges":[{"node":{"title":"MProfit Product Update: New Analytics Dashboards Launched!","excerpt":"At MProfit, we’re excited to announce a major product update, designed to make your portfolio tracking more insightful than ever! We have just launched new Analytics Dashboards that come with a whole new interface and exciting new features 🙂 Let’s explore what’s new in MProfit: 1. An Intuitive Visual Experience Explore a new, engaging interface […]
\n","slug":"mprofit-product-update-new-analytics-dashboards","content":"\nAt MProfit, we’re excited to announce a major product update, designed to make your portfolio tracking more insightful than ever!
We have just launched new Analytics Dashboards that come with a whole new interface and exciting new features 🙂
Let’s explore what’s new in MProfit:
Explore a new, engaging interface with vibrant charts and insights that are organised across three new intuitive dashboard views: Today, Holdings and Performance.
\n\n\n\nOne of our most awaited features has been added to the MProfit platform.
Now, you can get XIRR (annualised return) insights for different periods of time.
This enables you to better understand your portfolio performance in different market cycles.
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/09/image-2-1024x1024.png\")
In the Analytics Dashboards, you can now also view advanced performance insights:
– Historical XIRR (1 year / 2 year / 3 year / 5 year)
– Financial Year-wise XIRR
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/09/image-3-1024x1024.png\")
Another much awaited feature in MProfit!
Now you can track your comparative performance against industry benchmarks!
Compare your returns for any asset, asset class or portfolio against a wide list of different market indices!
Track how your returns are faring during different time periods against indices such as Sensex, Nifty, TRI Nifty 50, smallcap & midcap indices and many more!
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/09/image-4-1024x1024.png\")
MProfit now provides deeper asset allocation views across broader categories such as Equity, Debt, Gold and Retirement Products.
This enables you to holistically view your “true asset allocation” and ensure that your exposure to different asset categories is optimised.
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/09/image-5-1024x1024.png\")
You can now see sector-wise and market-cap-wise views of your stock portfolio.
This will help you better understand trends in your stock portfolio and, in turn, make more informed investment decisions.
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/09/image-6-1024x1024.png\")
Stay updated on your stock portfolio’s daily movers with the new Today’s Movers feature.
The new Watchlist feature helps you to monitor stocks that you are interested in tracking on a daily basis.
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/09/image-8-1024x1024.png\")
To access the new Analytics Dashboards, simply login to your MProfit account and click Analytics in the top navigation.
If you need help getting started, you can book an MProfit online demo, and our team will be happy to connect with you!
Please note: The new features are in beta.
If you are new to MProfit, you can sign up for an MProfit account & get started right away.
Sign up & try the new features!
Meet Kanwardeep Singh, a savvy investor from Mumbai who has been reaping the benefits of investing for several years. Over the years, Kanwardeep has generated excellent returns, with a portfolio focused on equity mutual funds. In this post, we take a closer look at his investment journey and how MProfit has helped him to track […]
\n","slug":"customer-in-the-spotlight-kanwardeep-singh","content":"\nMeet Kanwardeep Singh, a savvy investor from Mumbai who has been reaping the benefits of investing for several years. Over the years, Kanwardeep has generated excellent returns, with a portfolio focused on equity mutual funds. In this post, we take a closer look at his investment journey and how MProfit has helped him to track and review his investments.
\n\n\n\nKanwardeep’s investment journey began early in his career when a senior colleague introduced him to the world of personal finance and investments. What’s amazing is that he invested part of his very first salary into mutual funds through an SIP! Since then, Kanwardeep started consistently allocating part of his savings towards building a diversified investment corpus.
\n\n\n\nWith an increase in portfolio size came an increase in complexity. As Kanwardeep’s portfolio grew, keeping track of the investments became increasingly difficult. That’s when Kanwardeep found MProfit, a solution that he believes has streamlined his portfolio management.
\n\n\n\nHow has MProfit made life easy for Kanwardeep?
\n\n\n\nOne of the key features that Kanwardeep loves about MProfit is the ability to view XIRR at various levels – investment, portfolio and overall family. Kanwardeep and his wife have individual portfolios, but thanks to MProfit – he can track his returns at the overall family level! This has helped him make more informed investment decisions.
\n\n\n\nKanwardeep asserts that reporting has gotten much easier with MProfit too. He can easily generate reports for tax purposes, including transaction reports, capital gains reports, and current portfolio statements, which can be shared with his CA in minutes!
\n\n\n\nKanwardeep reviews his investments almost weekly but does a more thorough review once every six months to assess if any changes are needed. Thanks to MProfit, this process is now much more simplified, allowing him to allocate his assets better! By using MProfit, Kanwardeep has been able to stay on top of his investment goals and make the most out of his portfolio.
\n\n\n\nKanwardeep’s story underscores the importance of starting early on in one’s investing journey. He has been able to truly leverage the power of compounding to grow his portfolio! Kanwardeep also attests first-hand to the benefits of using a reliable portfolio tracking tool like MProfit to review one’s investments efficiently.
\n\n\n\nSo why not follow in Kanwardeep’s footsteps and give MProfit a try? Your investment portfolio will thank you for it!
\n","date":"2023-04-06T11:32:12.000Z","path":"/2023/04/customer-in-the-spotlight-kanwardeep-singh/","categories":[{"name":"Software Features","id":"3d8a8c3a-233e-5257-b70b-ca94cb2cdd9f"},{"name":"Personal Finance","id":"349e1216-4c20-50fd-84f7-ddd01a5a8763"},{"name":"Investment Literacy","id":"64bee5ed-c506-5373-9c07-e2adb091ccd7"}],"featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1,"src":"/static/74943570575b75fe678e5bebf500c093/f836f/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg","srcSet":"/static/74943570575b75fe678e5bebf500c093/2c7f8/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 50w,\n/static/74943570575b75fe678e5bebf500c093/86e11/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 100w,\n/static/74943570575b75fe678e5bebf500c093/f836f/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 200w,\n/static/74943570575b75fe678e5bebf500c093/9dc27/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 300w,\n/static/74943570575b75fe678e5bebf500c093/2244e/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 400w,\n/static/74943570575b75fe678e5bebf500c093/10d63/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 1080w","sizes":"(max-width: 200px) 100vw, 200px"}}}}}},{"node":{"title":"Capital Gains Calculations simplified with MProfit","excerpt":"If you are looking for the most accurate and easy way to calculate your capital gains, you have come to the right place. If you invest in stocks, traded bonds or equity/debt mutual funds, you likely need to calculate capital gains for your intra-day, short-term and long-term investments. MProfit helps make this calculation process effortless […]
\n","slug":"capital-gains-calculations","content":"If you are looking for the most accurate and easy way to calculate your capital gains, you have come to the right place. If you invest in stocks, traded bonds or equity/debt mutual funds, you likely need to calculate capital gains for your intra-day, short-term and long-term investments. MProfit helps make this calculation process effortless for you.
\nYou simply need to import a digital contract note received from your broker or mutual fund statement to MProfit and MProfit will take care of the rest!
\nMProfit follows the First-In-First-Out (FIFO) method for calculating capital gains and also adjusts capital gains calculations based on corporate actions such as mergers, de-mergers, splits and bonus in accordance with income tax rules. After automatically calculating your capital gains, MProfit also prepares reports in various formats to help you understand your capital gains.
\nWith the simplicity and accuracy offered by MProfit, it is no surprise that MProfit is the preferred choice for everyone in the Indian investing community including Investors, Financial Advisors, Family Offices and Chartered Accountants.
\nExamples of the capital gains reports provided by MProfit include:
\n1. Summary reports (with period-wise segregation for advance tax calculation)
\n2. Detailed transaction-wise reports
\n3. Debt mutual funds reports with and without indexation
MProfit further helps you understand your capital gains right before you sell your stock or mutual fund units by providing the following information:
\n1. Computation of unrealized capital gains
\n2. Holding reports (display the number of days of your holdings from the respective purchase dates)
Below are additional posts that explain in detail how MProfit handles capital gains calculations. Click the links below to know more:
\nCapital Gain Calculations for Stocks
\nCapital Gain Calculations for Mutual Funds
Also, if you don’t find your broker’s name in our list, do let us know at support@mprofit.in and we’ll make sure we provide import support for your broker’s digital contract notes.
\nDownload the free version of MProfit by clicking the link below and start using MProfit immediately.
\n![](\"https://wp.mprofit.in/wp-content/uploads/2017/03/download_freemium.png\")