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\nIn addition, we had a lucky drawing for people that visited our booth, a chance to win a free 1 year license of MProfit Pro. The following are the 10 lucky winners:
Early reviews for the new MProfit beta version are in, and our users are already loving our new Cloud and Mobile applications. The below feedback has been provided by longtime MProfit client, M. Pari. We are thankful for having such a loyal & dedicated user base! “MProfit – A Great Financial Tool Today I have […]
\n","slug":"the-new-mprofit-reviewed","content":"\n\n\n\n\nEarly 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","date":"2019-05-04T16:01:53.000Z","path":"/2019/05/the-new-mprofit-reviewed/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.1956521739130435,"src":"/static/f963254d3def15fb50eeb27a245d6971/03475/Feature.png","srcSet":"/static/f963254d3def15fb50eeb27a245d6971/e8676/Feature.png 55w,\n/static/f963254d3def15fb50eeb27a245d6971/de665/Feature.png 110w,\n/static/f963254d3def15fb50eeb27a245d6971/03475/Feature.png 220w,\n/static/f963254d3def15fb50eeb27a245d6971/3ea03/Feature.png 330w,\n/static/f963254d3def15fb50eeb27a245d6971/78b6c/Feature.png 440w,\n/static/f963254d3def15fb50eeb27a245d6971/a7bea/Feature.png 1376w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"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/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.71875,"src":"/static/f822ae17a01ca016dd22d9addffd472a/03475/ID-5-For-Homepage-5.png","srcSet":"/static/f822ae17a01ca016dd22d9addffd472a/e8676/ID-5-For-Homepage-5.png 55w,\n/static/f822ae17a01ca016dd22d9addffd472a/de665/ID-5-For-Homepage-5.png 110w,\n/static/f822ae17a01ca016dd22d9addffd472a/03475/ID-5-For-Homepage-5.png 220w,\n/static/f822ae17a01ca016dd22d9addffd472a/3ea03/ID-5-For-Homepage-5.png 330w,\n/static/f822ae17a01ca016dd22d9addffd472a/78b6c/ID-5-For-Homepage-5.png 440w,\n/static/f822ae17a01ca016dd22d9addffd472a/8eab8/ID-5-For-Homepage-5.png 1336w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"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/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.3095238095238095,"src":"/static/acf1d4614a6375c811fe051e91c03978/ea029/Mutual-Funds-2018-post.jpg","srcSet":"/static/acf1d4614a6375c811fe051e91c03978/bf886/Mutual-Funds-2018-post.jpg 55w,\n/static/acf1d4614a6375c811fe051e91c03978/2718e/Mutual-Funds-2018-post.jpg 110w,\n/static/acf1d4614a6375c811fe051e91c03978/ea029/Mutual-Funds-2018-post.jpg 220w,\n/static/acf1d4614a6375c811fe051e91c03978/17691/Mutual-Funds-2018-post.jpg 330w,\n/static/acf1d4614a6375c811fe051e91c03978/1e02c/Mutual-Funds-2018-post.jpg 440w,\n/static/acf1d4614a6375c811fe051e91c03978/d793d/Mutual-Funds-2018-post.jpg 2910w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"Managing Diversified Portfolios Effectively with MProfit","excerpt":"There is much to look forward to about the future of the financial markets landscape in India. Household disposable income is on the rise, creating demand for avenues that generate high returns on invested wealth. AMFI data has shown that the number of Systematic Investment Plan (SIP) accounts added in the Jan-Jun 2018 period is […]
\n","slug":"managing-diversified-portfolios-effectively","content":"There is much to look forward to about the future of the financial markets landscape in India. Household disposable income is on the rise, creating demand for avenues that generate high returns on invested wealth. AMFI data has shown that the number of Systematic Investment Plan (SIP) accounts added in the Jan-Jun 2018 period is up 60% compared with the same period last year. According to a recently released IMF Economic Outlook, Indian GDP growth will progressively increase over the medium term, in turn helping the Indian Wealth Management industry to grow yearly by 10-15% and more than doubling the number of Indian ultra-HNIs by FY22.
\nRegulators have responded positively to India’s promising growth outlook, permitting Indian investors access to a wide array of new financial products such as portfolio management schemes, fixed-income instruments and alternative investment funds. A higher level of market awareness has prompted savvy investors to seek greater balance in capital allocation. This is arguably a step in the right direction, in line with the fundamental principles of portfolio diversification.
\nWhat is portfolio diversification and why is it essential to Indian investors?
\nPortfolio diversification is the practice of allocating one’s investments across different asset classes, industries and/or geographies to minimize portfolio risk by reducing exposure to the underperformance of any one particular asset, industry and/or region.
\nDiversification is not necessarily aimed at maximizing portfolio returns; however, it does carry important implicit benefits for wealth preservation. Holding a basket of uncorrelated assets in one’s portfolio can limit losses in a cyclical bear market, and effectively safeguard an investor’s capital for subsequent bull market runs that present opportunities for enhanced returns. Portfolio diversification, while serving as a risk mitigation technique, also provides investors with freedom to gain exposure to a greater proportion of risky assets in their portfolios, while keeping overall portfolio risk low.
\nHow can Indian investors create diversified portfolios?
\nCreating a well diversified portfolio isn’t rocket science. The cornerstone of sound portfolio diversification, simply enough, is discipline that must be exercised while formulating one’s asset allocation strategy. A well diversified investment portfolio must comprise a carefully curated selection of securities that are not highly correlated in terms of performance and are characterized by different risk profiles, to keep portfolio risk low.
\nAdjusting for their individual risk appetites, Indian investors can look to invest in combinations of securities belonging to the following asset classes:
\n• Stocks
\n• Exchange Traded Funds (ETFs)
\n• Equity Mutual Funds
\n• Corporate Bonds
\n• Debt Mutual Funds
\n• Fixed Deposits
\n• Precious Metals
\n• Property/Real Estate
\nHow can MProfit help?
\nWhile the consistent increase in the number of investment products on the market is beneficial for portfolio diversification, it also creates an unprecedented challenge for Indian investors – how must one maintain and manage vast baskets of investment holdings?
\nAfter all, each asset class is governed by its own sets of laws, exchanges & intermediaries, and investors are expected to follow unique rules for tracking P/L, accounting & tax implications specific to each asset class. To add to the complexity, a well diversified portfolio requires consistent analysis and rebalancing, to adjust for changes in micro and macro environments. Now more than ever before, Indian investors are faced with the daunting task of tracking all of their investments in real-time.
\nThis is where MProfit comes to the rescue. By providing an affordable & simple-to-use desktop (and soon-to-launch Cloud!) solution, MProfit allows users to manage investments across a large number of asset classes that seamlessly integrate with MProfit’s comprehensive accounting module.
\nOne of MProfit’s differentiators is its proprietary import engine that can aggregate data from over 3,000+ sources across many disparate formats for key asset classes. We have saved our clients countless hours in painstaking manual import of trade & accounting data. In line with the new Grandfathering provision introduced by the 2018 Indian Budget, MProfit has also fully integrated & simplified the complex calculation of capital gains for all transactions (including corporate actions such as bonus, split, merger, de-merger).
\nMProfit truly empowers the Indian investment community to reap the benefits of an improved financial markets landscape by providing complete visibility into personal, family & client portfolios. With MProfit, individuals and investment professionals are able to diversify better and achieve higher returns in the long-term.
The 2018 Indian Budget introduced a long-term capital gains tax of 10% on stocks and equity mutual funds exceeding Rs. 1 lakh. However, all gains until 31-Jan-2018 are grandfathered. This means that you will have to pay tax ONLY on the gain from the base of highest price on 31-Jan-2018. Grandfathering calculations get complex when […]
\n","slug":"mprofit-now-supports-long-term-capital-gains-calculations-as-per-grandfathering-provision","content":"The 2018 Indian Budget introduced a long-term capital gains tax of 10% on stocks and equity mutual funds exceeding Rs. 1 lakh. However, all gains until 31-Jan-2018 are grandfathered. This means that you will have to pay tax ONLY on the gain from the base of highest price on 31-Jan-2018.
\n\n\nGrandfathering calculations get complex when there are one or more corporate actions in your long-term holdings. The recent major update of MProfit has simplified the calculation of capital gains as per the Grandfathering clause for all transactions (including multiple corporate actions such as bonus, split, merger and demerger).
\n\n\n\n MProfit automatically calculates the long-term capital gains and provides reports in different formats including Summary and Detailed views with all details such as Purchase Price (PP), FMV and Cost of Acquisition (CA) accurately calculated and displayed for each transaction.
MProfit has, over the years, perfected the calculation of capital gains and made it extremely simple for users to use this information while filing their tax returns.
Salient features of MProfit specific to the calculation of capital gains include:
\n\n\n\nBelow is a list of useful posts to help you know more about how MProfit manages capital gains calculations:
Forum post:
Summary and Detailed Capital Gains Reports as per Grandfathering rules
Blog Posts:
Capital Gains Calculations simplified with MProfit
Capital Gain Calculations for Shares (Stocks)
Capital Gain Calculations for Mutual Funds (MF)
A video tutorial on Capital Gains Reports
India’s 2018 Budget delivered by Finance Minister, Mr. Arun Jaitley proposed a long-term capital gains tax of 10% on stocks and equity mutual funds exceeding Rs. 1 lakh without allowing any benefit of indexation. However, as per the Budget, all gains until 31st January, 2018 will be grandfathered. According to Wikipedia, a grandfather clause is […]
\n","slug":"grandfathering-capital-gains-tax-simplified","content":"India’s 2018 Budget delivered by Finance Minister, Mr. Arun Jaitley proposed a long-term capital gains tax of 10% on stocks and equity mutual funds exceeding Rs. 1 lakh without allowing any benefit of indexation. However, as per the Budget, all gains until 31st January, 2018 will be grandfathered. According to Wikipedia, a grandfather clause is a provision by which an old rule continues to apply to a certain existing situation while a new rule would apply to all future instances. This implies that you will not be taxed on any gains that you have already accumulated up until 31st January, 2018.
\n\n\nMore recently, on 4th February, 2018, the Central Board of Direct Taxes (CBDT) issued a list of 24 frequently asked questions (FAQs) regarding taxation of long-term capital gains proposed in the Finance Bill, 2018. This list of FAQs further makes it clear that the new long term capital gains tax will be applicable only for sales on or after 1st April, 2018. The long-term capital gains tax exemption will continue for any sale between 1st February and 31st March, 2018 as per current taxation policies. To summarize, there is no change in the long term capital gains tax exemption for the financial year 2017-18.
\n\n\n\nMProfit has consistently been the preferred choice of solution amongst chartered accountants and investors for the computation of short-term and long-term capital gains. As the new long term capital gains tax change is not applicable for the current financial year FY2017-18, investors should continue using the existing version of MProfit to compute capital gains for the financial year FY 2017-18.
\n\n\n\nMPROFIT WILL PROVIDE SUPPORT FOR NEW CHANGES TO CAPITAL GAINS CALCULATIONS IN THE COMING MONTHS.
\n\n\n\n The scenarios below detail how long term capital gains will be calculated for sales on or after 1st April, 2018. In each of these scenarios, a certain asset is purchased on 1st January 2017 and sold on 1st April 2018. The Long Term Capital Gain calculation for this asset is now computed by determining what the Cost of Acquisition is for the asset, by comparing the values for Purchase Price (PP), Fair Market Value on 31st January 2018 (FMV) and Sale Price (SP):
\n
| Scenario | Scenario Description | Purchase Price as on 01-Jan-2017 (PP) | Fair Market Value as on 31-Jan-2018 (FMV) | Sale Price as on 01-Apr-2018 (SP) | Cost Price for Capital Gains Calculation | Long Term Capital Gain | \n
|---|---|---|---|---|---|---|
| 1 | PP < FMV < SP | 100 | 200 | 250 | 200 | 50 | \n
| 2 | PP < SP < FMV | 100 | 200 | 150 | 150 | 0 | \n
| 3 | FMV < PP < SP | 100 | 50 | 150 | 100 | 50 | \n
| 4 | SP < PP < FMV | 100 | 200 | 50 | 100 | -50 | \n
| 5 | SP < FMV < PP | 100 | 50 | 25 | 100 | -75 | \n
| 6 | FMV < SP < PP | 100 | 50 | 75 | 100 | -25 | \n
| 7 | Bonus: PP = 0, FMV < SP | 0 | 200 | 250 | 200 | 50 | \n
| 8 | Bonus: PP = 0, SP < FMV \n | 0 | 200 | 150 | 150 | 0 | \n
If you would like to learn more about how MProfit simplifies capital gains for various assets, click here.
\n\n\n\nClick here to download the FAQ list published by CBDT.
Computer Age Management Services (CAMS) and Karvy are two leading Registrars who provide services to investors on behalf of mutual fund houses. Many mutual fund investors are not aware that CAMS provide consolidated account statement (CAS) for their entire family’s mutual fund transactions across all schemes including the ones managed by CAMS, Karvy and Franklin […]
\n","slug":"mprofit-supports-import-cams-consolidated-account-statement-mutual-fund-schemes","content":"Computer Age Management Services (CAMS) and Karvy are two leading Registrars who provide services to investors on behalf of mutual fund houses. Many mutual fund investors are not aware that CAMS provide consolidated account statement (CAS) for their entire family’s mutual fund transactions across all schemes including the ones managed by CAMS, Karvy and Franklin Templeton.
\nOne statement contains the mutual fund transactions for entire family across all the mutual fund schemes. Investor needs to link the same email address to their all family folio numbers with CAMS, Karvy and Franklin, if not done while investing for the first time. The CAS statement can be requested for any period of all your mutual funds, including holding of many years.
\nMProfit has made it extremely easy to upload all mutual fund transactions for entire family from this statement. All kind of transactions, such as subscription, redemption, SIP, STP, Switch-In/Out, SWP, Dividend Reinvestment, Dividend Pay-out are imported from this statement in MProfit. Investors can review various reports related to mutual funds in MProfit such as capital gains (with & without indexation), annualised returns (XIRR), asset allocation and many other reports.
\nClick here for the detailed information to learn how to request CAS file and how to import it in MProfit.
As a physician, I have been dabbling in investments since 15 years but the problem has always been accounting and calculating tax estimates which my CA was reluctant to do. It was also tedious to take each contract note and entering every detail especially when using all the services of a institution like ICICIDIRECT. I […]
\n","slug":"made-india-mprofit-review-dr-mahesh-docherla","content":"As a physician, I have been dabbling in investments since 15 years but the problem has always been accounting and calculating tax estimates which my CA was reluctant to do. It was also tedious to take each contract note and entering every detail especially when using all the services of a institution like ICICIDIRECT. I had started using MPROFIT since its inception when it was free to use and have gained complete confidence in the software and I am now a paid subscriber.
\nMy CA also understands the reports very easily. MPROFIT does not charge anything etc for modifications & updates in software when the laws are changed and importing contract notes are completed in seconds. Any query is solved within a few hours in the daytime and where I do query at night, I immediately get online assistance and correction within 24 hours without fail. The support team is prompt, knowledgeable and once they have contacted, they will put in the time necessary to solve the problem.
\nSuch service at such low subscription is a rarity in India. You have all the aspects of an international standard services company in the form of customer services, regular updates, online rectification of problems, accountability and most of all patient and decent services. I recommend this software to each and every Indian and hope that everyone encourages MPROFIT which follows excellent business and work ethics. This is one “MADE IN INDIA” company which truly deserves our support and everyone should make use of the services provided by this company.
Happy New Year to everyone! Why not make a New Year’s resolution that will give you a handsome financial reward and is easy to achieve? Start using MProfit and effortlessly take care of portfolio management for your entire family or all your clients. MProfit’s comprehensive list of features as well as its best-in-class support have […]
\n","slug":"resolution-receive-handsome-financial-reward","content":"Happy New Year to everyone! Why not make a New Year’s resolution that will give you a handsome financial reward and is easy to achieve? Start using MProfit and effortlessly take care of portfolio management for your entire family or all your clients.
\nMProfit’s comprehensive list of features as well as its best-in-class support have made it the preferred choice of the entire investing community, including 1000s of investors, financial advisors, family offices and chartered accountants. It is consistently rated as one of the best software solutions on SoftwareSuggest, India’s popular software listing web portal.
\nMProfit is an easy to use software solution to manage Stocks, Mutual funds, Bonds, F&O, and all other assets. MProfit now supports import of more than 2,700+ different formats such as digital contract notes, mutual fund & bank statements.
\n2017 has certainly shown that dynamic changes at both a global and local level are frequent yet unexpected. As financial markets are influenced by all forms of macro & micro events, investors should be prepared for any heightened volatility in 2018 by actively monitoring their investments and taking prudent decisions based on changing circumstances.
\nMProfit is specifically geared towards helping investors/financial advisors achieve these goals with ease and efficiency by reducing their administrative manual work and providing useful reports including capital gains reports. Investors/financial advisors using MProfit can certainly spend more time on research related to their investments and make better investment decisions.
\nSo, make the resolution to be smarter & more disciplined with your investments in 2018! Click here to download MProfit Investor for free today!
As declared in the Budget 2017, Finance Minister Mr. Arun Jaitley has made changes to the cost inflation provision and accordingly, new cost inflation index (CII) numbers used for calculating capital gains with indexation have been notified by the Central Board of Direct Taxes (CBDT). The base year for the cost inflation index has been […]
\n","slug":"new-cost-inflation-index-capital-gains-reports-for-gold-bonds","content":"As declared in the Budget 2017, Finance Minister Mr. Arun Jaitley has made changes to the cost inflation provision and accordingly, new cost inflation index (CII) numbers used for calculating capital gains with indexation have been notified by the Central Board of Direct Taxes (CBDT). The base year for the cost inflation index has been revised to 2001 from 1981. These changes are applicable starting financial year 2017-18 and onwards. MProfit’s new software update has incorporated these changes. MProfit has made it extremely simple for users to compute capital gains with indexation for any period. If any Debt MF or gold bonds are sold after 1st April 2017,the software will compute capital gains with the new base year and new CII index numbers. Computations for trades prior to 1st April will be done based on old CII numbers.
\nWe recently introduced support for current prices of gold bonds in MProfit. The new update also provides capital gains reports for gold bonds. Normally all traded bonds on exchanges have long term capital gains for 1 year and beyond, except gold bonds, which follow the 3year & beyond long term capital gains calculations. Our latest update shows separate capital gains for gold bonds. We are also consistently committed to introducing new features to improve our core platform. We have recently released our new update v9.5 (build 1014.028) which packs new features, provides improved reports and fixes minor issues. Below is the complete list:
\nNew Features:
Improved Reports:
\nMinor Bug Fixes:
\nSoftwareSuggest, one of India’s leading business software discovery and recommendation platforms, has given MProfit the awards of “Budget Friendly” and “Customer’s Choice”. We at MProfit are very proud of this achievement and would like to thank the entire MProfit team and all the stakeholders and especially our valued clients for helping us earn these awards. […]
\n","slug":"mprofit-receives-awards-of-budget-friendly-and-customers-choice","content":"SoftwareSuggest, one of India’s leading business software discovery and recommendation platforms, has given MProfit the awards of “Budget Friendly” and “Customer’s Choice”.
\nWe at MProfit are very proud of this achievement and would like to thank the entire MProfit team and all the stakeholders and especially our valued clients for helping us earn these awards.
\nMProfit has become the preferred choice for users across the entire investing community, be it Investors, Traders, Family Offices, Financial Advisors, Sub-brokers or Chartered Accountants. We have added many features and reports over the years and made MProfit a robust platform along with unmatched customer support to help you manage your investments and finances
\nWe again thank all our clients for valuing MProfit as their preferred choice.
What are sovereign gold bonds? As part of the gold monetisation scheme launched by Prime Minister Narendra Modi in November 2015, sovereign gold bonds are issued by the Reserve Bank of India (RBI) on behalf of the government. They are a replacement for physical gold and are available in paper or demat form. Which sovereign […]
\n","slug":"manage-sovereign-gold-bonds-with-mprofit","content":"What are sovereign gold bonds?
\nAs part of the gold monetisation scheme launched by Prime Minister Narendra Modi in November 2015, sovereign gold bonds are issued by the Reserve Bank of India (RBI) on behalf of the government. They are a replacement for physical gold and are available in paper or demat form.
\nWhich sovereign gold bonds are supported in MProfit?
\nIn line with our commitment to continually improve MProfit and introduce new features, MProfit has added support for the sovereign gold bond asset class under the ‘Traded Bonds’ category. MProfit users can now track the performance of these bonds on a daily basis, review overall gains as well as annualised return (XIRR) for this category. Here is a list of the sovereign gold bond series that have been added in MProfit:
\nSovereign Gold Bond 2.75% Nov 2023 Tr- I (ISIN: IN0020150085)
\nSovereign Gold Bond 2.75% Feb 2024 Tr-II (ISIN: IN0020150101)
\nSovereign Gold Bond 2.75% Mar 2024 Tr-III (ISIN: IN0020150119)
\nSovereign Gold Bond 2.75% Aug 2024 Tr-IV (ISIN: IN0020160027)
\nSovereign Gold Bond 2.75% Sep 2024 Tr-V (ISIN: IN0020160043)
\nSovereign Gold Bond 2.50% Nov 2024 Tr-VI (ISIN: IN0020160076)
\nSovereign Gold Bond 2.50% Mar 2025 Tr-VII (ISIN: IN0020160126)
\nSovereign Gold Bond 2.50% MAY 2025 Sr-I 2017-18 (ISIN: IN0020170018)
\nHow are capital gains calculated for sovereign gold bonds?
\nIf sovereign gold bonds are sold in the secondary market before maturity after three or more years since purchase, capital gains on these transactions will be taxed at 20% with indexation. However, if they are sold within three years of purchase, the capital gains would be subject to the marginal tax rate. Our team is working to provide separate capital gains reports with and without indexation for this category, and these new reports should be available in the next public software update.
The landscape of doing business in India has significantly changed in the last one year following two major events, demonetisation and the launch of the Goods & Services Tax (GST). Both measures are expected to have a lasting positive impact on the Indian economy. GST has come into effect on July 1, 2017 and is […]
\n","slug":"mprofit-is-ready-with-gst","content":"The landscape of doing business in India has significantly changed in the last one year following two major events, demonetisation and the launch of the Goods & Services Tax (GST). Both measures are expected to have a lasting positive impact on the Indian economy.
\nGST has come into effect on July 1, 2017 and is expected to simplify the complex indirect tax structure in India by subsuming over a dozen central and state taxes. A question on the minds of several MProfit users is how will MProfit adapt to the introduction of GST. We see two immediate changes:
\n1. Lower prices! – The tax tier for MProfit under GST has been changed and we are happy to announce that we have passed along the benefits to our users. You can see a price decline of around 4% across all versions of MProfit
\n2. Updates to import templates – Over the coming months, our technical team will work hard to swiftly modify all our import templates to incorporate expected changes to brokers’ contract notes.
\na) All contract notes and bills will have new taxes such as IGST, CGST and SGST instead of Service Tax, Krishi Kalyan Cess and Swachh Bharat Cess
\nb) MProfit now has over 2,300 templates to import contract notes & files across disparate formats such as PDF, HTML, Excel, CSV, Text and DBF. We will modify templates upon request from our clients on a first-come first-serve basis. This will of course be done at no extra cost to our users!
\nc) As we undertake this massive task to ensure MProfit continues to deliver seamless import functionality for all our users in a promising post-GST era, we greatly appreciate the patience and co-operation of our users. You can rest assured that the MProfit tech team will be working overtime to ensure a quick transition
\nIn addition to any changes to MProfit required by GST, we are also consistently committed to introducing new features to improve our core platform and address customer requests. We have recently released our new update v9.5 (build 1014.0272) which packs some new features and fixes minor issues. Below is a complete list of all new features and bug fixes.
\nNew Features:
\n• Addition of Sovereign Gold Bonds to the traded bonds category along with current prices. If you have already added these gold bonds under the NCD category, click here to learn how to transfer them to the traded bonds category.
\n• Bulk Delete option to delete records of an entire family in one go
\n• Recalculate closing balances of all families with a single click
\n• Move MF records from one MF scheme to another within the same portfolio instantly
\n• Import STT values from mutual fund CAS statements, CAMS WBR2 and Karvy 221
\n• New option to transfer STT along with charges in contract notes to purchase & sale value
\nBug Fixes:
\n• Fixed a minor bug in capital gains calculations when using bulk corporate actions for splits
\n• Fixed a minor bug in the incorrect allocation of contract note charges
\n• Fixed a display issue in the Balance Sheet report for ledger names with parentheses
One of our users, Nooresh Merani has written an in-depth review of MProfit on his website. “This is one of the software I have been using for the last few years and have found it very simple and effective to use for tracking an equity portfolio. But i believe it has a lot of features […]
\n","slug":"mprofit-review-from-nooresh-merani","content":"One of our users, Nooresh Merani has written an in-depth review of MProfit on his website.
\n“This is one of the software I have been using for the last few years and have found it very simple and effective to use for tracking an equity portfolio. But i believe it has a lot of features for tracking all your assets.
\nMProfit is developed by a Mumbai based software company called MProfit Software. There is a free version as well as a paid version. The free version is for the India retail investor while the paid one is for accountants, CA’s, traders, financial advisors, HNI’s and companies. The paid version costs between 3657-14020 INR for a 1 year subscription. It is also available on android allowing you to see your financial details on the go. The features that are listed by MProfit are the following …” the full review is available on his site.
\n","date":"2017-06-24T08:40:03.000Z","path":"/2017/06/mprofit-review-from-nooresh-merani/","featured_media":null}},{"node":{"title":"Manage your family office with MProfit","excerpt":"The Indian family office A family office is an organisation that manages investments and trusts for one or many high net-worth families. Family offices are of two types: single family offices (SFOs) and multi-family offices (MFOs). While families of high net-worth individuals (HNIs) often use services provided by wealth managers and private bankers, they often […]
\n","slug":"manage-your-family-office-with-mprofit","content":"The Indian family office
\nA family office is an organisation that manages investments and trusts for one or many high net-worth families. Family offices are of two types: single family offices (SFOs) and multi-family offices (MFOs). While families of high net-worth individuals (HNIs) often use services provided by wealth managers and private bankers, they often utilise their own in-house teams to manage investments. India has many large family offices including Azim Premji’s PremjiInvest, N. R. Narayana Murthy’s Catamaran and the Ambani Family Office.
\nA large number of family-run businesses have similar investing needs as large family offices. However, they usually do not use only a single entity for wealth management, relying instead on multiple financial advisors, stock brokers and private bankers. This poses challenges to decision-makers in the family when trying to adhere to the following portfolio management best-practices:
MProfit’s integrated portfolio management and accounting solution for family offices
\nHaving devoted considerable time and resources to understanding the investment management challenges faced by Indian families, MProfit has perfected an integrated solution that addresses each challenge. Ever since we launched MProfit, the Indian family office has been central to our software and we now have many marquee family offices and family-run businesses as clients.
\nMProfit’s primary value-add is our grouping feature that allows users to aggregate portfolios across various entities/individuals into a single group view. This is particularly important to Indian families as they prefer to track and review the performance of the entire family’s consolidated portfolio. Additionally, we offer the following key functionality that has helped make MProfit a stand-out solution for large family offices as well as other family-run businesses:
PenguWIN® Wealth Management Consulting and PenguWIN Investment Services are professionally managed firms headed by Sendhil Madhivathanan and Sathya Sendhil. They have been using MProfit Advisor to manage clients’ portfolios for the past three years. Here is Sendhil’s review about MProfit: “I have been using the 200 users Advisor Version of MProfit for close to 3 […]
\n","slug":"sendhil-madhivathanan-penguwin-wealth-management-consulting-talks-about-mprofit-realibility","content":"PenguWIN® Wealth Management Consulting and PenguWIN Investment Services are professionally managed firms headed by Sendhil Madhivathanan and Sathya Sendhil. They have been using MProfit Advisor to manage clients’ portfolios for the past three years.
\nHere is Sendhil’s review about MProfit:
\n“I have been using the 200 users Advisor Version of MProfit for close to 3 years now. I have an IT background working for Software multinationals and have implemented Enterprise systems including Oracle, PeopleSoft and JD Edwards. The first thing that impressed me about MProfit is the reliability factor. Even Enterprise systems throw errors and shut down forcibly. But this has never happened with MProfit and this speak volumes about its reliability.
\nThe User Interface and Reports are very impressive and though it has some limitations in terms of data generated from advisor’s perspective, end users (our investors) love this Software and it is almost impossible for me to convince users to move to other platforms, including cloud based Architecture software. MProfit has an Android version too, that is used by many of PenguWINs investors and are very happy.
\nOn the support front too, MProfit scores well and the support team has always been accessible. I have leveraged only a part of MProfit’s functionality and am slowly exploring the other features. End user help provided within the application is one area where MProfit can add more value. I have heard that MProfit is working on a cloud based architecture, which can remove the issue of a client footprint sitting on an investor’s laptop. I am extremely satisfied with MProfit and my sincere wishes to the MProfit Team”
MProfit offers several features to help investors better manage their investments. In addition, MProfit also offers an integrated accounting module that auto-creates accounting vouchers and ledgers from investment transactions. This helps investors quickly and effortlessly complete preparation of an entire year’s accounts. MProfit’s accounting module has been very popular and we have been continually enhancing […]
\n","slug":"import-your-bank-statements","content":"MProfit offers several features to help investors better manage their investments. In addition, MProfit also offers an integrated accounting module that auto-creates accounting vouchers and ledgers from investment transactions. This helps investors quickly and effortlessly complete preparation of an entire year’s accounts. MProfit’s accounting module has been very popular and we have been continually enhancing it based on user feedback.
\nTraditionally, users have always had to manually enter transactions from their bank statements into external accounting software. MProfit has eliminated this tedious process by auto-creating vouchers and ledgers as well as enabling the effortless import of statements from a vast majority of banks in India. Bank statements (monthly or yearly) in various formats such as PDF, Excel, CSV and text format can be imported into MProfit. Banks supported include HDFC, ICICI, IDBI, Kotak Mahindra, Karnataka Bank, State Bank of India, Citibank, Canara Bank, Andhra Bank and many more!
\nTo check if your bank or broker is supported, please visit our import page. If your bank or broker is not listed, please call us at 022-40024149 or email us at support@mprofit.in and we’ll surely add them to our list.
\nMProfit now supports import from more than 2,200 formats across digital contract notes, mutual fund statements and bank statements. Check out MProfit today by downloading it here!
MProfit wishes you a prosperous 2017! 2016 has been quite a year to remember not because of the US elections, but because of what else happened that day… the demonetization of the Rs. 500 and Rs. 1000 rupee notes. Within hours of the announcement Prime Minister made it impossible to use large notes. It was […]
\n","slug":"february-newsletter","content":"MProfit wishes you a prosperous 2017!
\n2016 has been quite a year to remember not because of the US elections, but because of what else happened that day… the demonetization of the Rs. 500 and Rs. 1000 rupee notes. Within hours of the announcement Prime Minister made it impossible to use large notes. It was a very positive move for the financial markets as most of the money would come back into the banking system. The positive effects will be felt for many years to come.In addition, it was also an extremely productive year for MProfit. With a series of new features, reports and improvement in 2016 as well as unmatched customer support, we continue our path in 2017 to make MProfit, India’s leading portfolio management & accounting solution. Below is a quick summary of new features & reports implemented:
\nNew Features
| • | \nReached the milestone of supporting import from 2000 formats (PDF, HTML, Excel, Text, DBF) | \n
| • | \nImport support for auto-mapping using ISIN numbers for many broker’s contract notes | \n
| • | \nLive prices (End of Day prices) of traded bonds on NSE and BSE in capital market segment | \n
| • | \nImport support for the new format of the Consolidated Account Statement from CAMS | \n
| • | \nCreate Mark to Market profit/loss in F&O which can be reconciled with broker’s ledger | \n
New Reports
\n| • | \nCapital Gains of traded bonds | \n
| • | \n‘Bank & Broker’ report to see banks and Broker’s balances for one or all families | \n
| • | \nContract notes summary and detailed report to view contract notes of all families | \n
| • | \nAsset Holding – Closing Balances | \n
| • | \nFamily – wise global transaction report | \n
| • | \nCapital gain calculations of all families under one report | \n
| • | \nClosing Balance report for one family or all families under one report | \n
| • | \nNew XIRR report with Quantity | \n
| • | \nStocks & Mutual Fund transactions register | \n
At MProfit, we are constantly looking for ways to improve our support for customers. The latest feature we have added is an online help desk (forums) which will allow you to search for any issues or problems you may be experiencing. Of course, you can always email us at support@mprofit.in as well. Our new online […]
\n","slug":"new-online-help-desk","content":"At MProfit, we are constantly looking for ways to improve our support for customers. The latest feature we have added is an online help desk (forums) which will allow you to search for any issues or problems you may be experiencing. Of course, you can always email us at support@mprofit.in as well.
\nOur new online help desk is located at http://support.mprofit.in/
\nTake a look and let us know what you think.
Last week we released v9.5 of MProfit which packs many new features and fixed several older issues. Below is a complete list of all the new features, reports and enhancements. New Features – Create Mark to Market profit/loss in F&O which can be reconciled with broker’s ledger [Click to learn more] – Settlement of all […]
\n","slug":"new-v9-5-released","content":"Last week we released v9.5 of MProfit which packs many new features and fixed several older issues. Below is a complete list of all the new features, reports and enhancements.
\nNew Features
\n– Create Mark to Market profit/loss in F&O which can be reconciled with broker’s ledger [Click to learn more]
\n– Settlement of all open expired contracts [Click to learn more]
\n– Import support for the new format of the Consolidated Account Statement from CAMS
\n– Import support for auto-mapping using ISIN numbers for many additional brokers’ contract notes
\nNew Global Reports (Pro & Advisor Version)
\n– ‘Bank & Broker’ Report to see banks and Brokers’ balances for one or all families
\n– Transaction Reports, CN Summary and Detailed to view contract notes of all families and search any Contract note with contract no or Settl. No
\n– Closing Balance Report for one family or all families under one report
\n– Asset Holding – Closing Balances
\nImproved Reports
\n– Capital Gain Summary report – Added filter to see only intra-day, short term or long term gains
\n– Ledger Printing Report – Option to exclude stocks, MFs & traded bonds
\n– Closing Balance report, added two more columns, Curr. Price and Curr. Value
\n– Holding Report, added three more columns, Curr. Price, Curr. Value and Gain/Loss
\n– Display of current value of assets with Lock-in Period entry in due date report
\n– Trading Profit/Loss report of past date will show valuation of the respective date
\nBug Fixes
\n– Fixed bug related to Capital gain for Transfer-In with IPO and Bonus
\n– Fixed error in Transaction report with Bonus and Split
\n– Fixed clubbing of buy transactions entered separately on same day in capital gain report for income tax report, now it shows individual entries
\n– Fixed error in report of Debt MF with Indexation if internet is not connected
\nClick to the see the full version history of MProfit.
This past weekend (Feb 6-7) MProfit was an exhibitor at the Finbridge Expo in Navi Mumbai. Finbridge is a financial services and technologies expo, this was the 2nd year that the event was held. The expo was a great way for existing customer of MProfit to meet the team. In addition, it was a way for […]
\n","slug":"10-lucky-winners-from-the-finbridge-expo","content":"This past weekend (Feb 6-7) MProfit was an exhibitor at the Finbridge Expo in Navi Mumbai. Finbridge is a financial services and technologies expo, this was the 2nd year that the event was held. The expo was a great way for existing customer of MProfit to meet the team. In addition, it was a way for potential customers to get a demo of MProfit and interact with the entire team at MProfit. Below are some pictures from the event.
\n
\nIn addition, we had a lucky drawing for people that visited our booth, a chance to win a free 1 year license of MProfit Pro. The following are the 10 lucky winners:
Today, we released an update to v9.4 of MProfit although the version number has stayed the same many new features were added to v9.4 (1013.01): – Android App (Beta) – You can receive the data from your advisor or you can view the same data on your phone. More information via the blog post. – Improvement in […]
\n","slug":"yet-another-update-to-v9-4","content":"Today, we released an update to v9.4 of MProfit although the version number has stayed the same many new features were added to v9.4 (1013.01):
\n– Android App (Beta) – You can receive the data from your advisor or you can view the same data on your phone. More information via the blog post.
\n– Improvement in Annualised Return (XIRR) reports. Option to see the XIRR reports and Net XIRR for only active assets. Also, Computation of Net XIRR now includes charges in contract notes.
\n– Transfer of assets to other portfolios or others (for Gift or Inheritance purpose). This feature was requested to take care of transfer of stocks, MFs from one portfolio to another portfolio. This is also very useful for those who maintain demat-wise portfolios. You can now transfer stocks from one portfolio (demat1) to another portfolio (demat2).
\n– Trading Portfolio – This feature is useful whose investment income is treated as trading income. Option is provided to mark any portfolio in PMS as a trading portfolio. All capital gains for this portfolio will be treated as trading income in accounts and added in ledger called ‘Intra-day/Trading Profit/Loss’ (Click on Edit Master and select portfolio to edit, then select the option as ‘Trading Portfolio’)
Yes, it’s finally here the much awaited MProfit Android app. Our most requested feature over the past 12 months has been for mobile apps – Google Android and Apple iOS. We decided to launch our beta Android app first and then focus on the iOS version in the future. For the Android app the team […]
\n","slug":"beta-launch-of-the-mprofit-android-app","content":"Yes, it’s finally here the much awaited MProfit Android app. Our most requested feature over the past 12 months has been for mobile apps – Google Android and Apple iOS. We decided to launch our beta Android app first and then focus on the iOS version in the future.
\nFor the Android app the team was solely focused on making sure your financial data appears in an easy to use app. It’s a slim down version of MProfit and not as feature rich as desktop MProfit application but over the next few months we will gather the comments, criticism, feedback and feature requests to make the next version of the app even better.
\nSo who can use it?
\n1. If your financial advisor is already sending you MProfit data then you can enter the same login details (Advisor Code, Username and Password) to access your data on the app. If your broker sends you a new username and password then the easiest way is to first download the app to your phone and then click on the link in the email that was sent to you.
\n2. If you have purchased MProfit Pro or Advisor then you can send the data to yourself and then enter in the login details in the app to see your financial details.
\nVisit our Android app FAQ to learn more.
![\"AvailableOnGooglePlay\"](\"https://wp.mprofit.in/wp-content/uploads/2014/11/AvailableOnGooglePlay.gif\")
Today, we released an update to v9.4 of MProfit although the version number has stayed the same many new features were added. v9.4 (1013.007) contains all the goodies mentioned below: – Import of other ledgers in Accounting (if you have any bank ledgers you would like added please email them to us at support@mprofit.in and […]
\n","slug":"updated-v9-4-released","content":"Today, we released an update to v9.4 of MProfit although the version number has stayed the same many new features were added. v9.4 (1013.007) contains all the goodies mentioned below:
\n– Import of other ledgers in Accounting (if you have any bank ledgers you would like added please email them to us at support@mprofit.in and we’ll create a template)
\n– Automatic copy of portfolio data to a cloud folder for multiple license holders
\n– Recording of events of adding voucher entries to PMS from bank import (similar to macros). For example, a PMS entry of dividend pay-out or interest income from a particular asset can be automated during the bank import process
\n– Sync feature optimised, the sync will only upload data for those clients whose data has changed
\n– Advisors can send message to each family separately
\n– Negative interest amount allowed in PMS to take care of debit by banks in case of premature withdrawals
\n– Auto archiving of your data on your computer at regular intervals
\n– Feature for Switch-in/Switch-out and FD Renewal handling changed for accounting purpose to take care of 2-3 days gap between two transactions. Now all the entries are posted in the ledger called ‘Asset Switch/Renewal’
\n– Better handling of duplicate entries during bank import
Everyone is talking about the e-commerce revolution and at MProfit we are no different. We have started the process to get listed on all major portals – Amazon.in, Flipkart and Snapdeal. We are proud to announce that starting today you can purchase MProfit on Snapdeal at a discounted price. To order MProfit on Snapdeal, click […]
\n","slug":"listed-on-snapdeal","content":"Everyone is talking about the e-commerce revolution and at MProfit we are no different. We have started the process to get listed on all major portals – Amazon.in, Flipkart and Snapdeal. We are proud to announce that starting today you can purchase MProfit on Snapdeal at a discounted price. To order MProfit on Snapdeal, click here.
\n","date":"2014-11-01T06:31:23.000Z","path":"/2014/11/listed-on-snapdeal/","featured_media":null}},{"node":{"title":"New version 9.4 released…","excerpt":"We have just released the latest version of MProfit and as usual has many new features that were requested by our users. Some of the new features: – Undo last import – many times people want to delete the last imported transactions – Bulk corporate actions – dividend, bonus, split and merger can be applied […]
\n","slug":"new-version-9-4-released","content":"We have just released the latest version of MProfit and as usual has many new features that were requested by our users.
\nSome of the new features:
\n– Undo last import – many times people want to delete the last imported transactions
\n– Bulk corporate actions – dividend, bonus, split and merger can be applied to all your portfolios with a single click
\n– Enhanced auto mapping for mutual funds – we support more mutual funds that can get automatically mapped into our system
\n– Automatic year-end closing in accounts – With a single click you can transfer closing balances to the capital account
\n– Changes to several reports like XIRR, Group XIRR, Realized, Unrealized, Historical Pricing, Income (All Assets) and Other Transactions
We have also made our auto-mapping of mutual funds even better as we are able to detect and automatically map more mutual funds into our system, which means less time spent on manually mapping the mutual funds.
\n","date":"2014-07-30T05:35:09.000Z","path":"/2014/07/new-version-9-4-released/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1,"src":"/static/b4e6556eb32eea444dadba031e5cc9f1/03475/mprofit-94.png","srcSet":"/static/b4e6556eb32eea444dadba031e5cc9f1/e8676/mprofit-94.png 55w,\n/static/b4e6556eb32eea444dadba031e5cc9f1/de665/mprofit-94.png 110w,\n/static/b4e6556eb32eea444dadba031e5cc9f1/03475/mprofit-94.png 220w,\n/static/b4e6556eb32eea444dadba031e5cc9f1/3ea03/mprofit-94.png 330w,\n/static/b4e6556eb32eea444dadba031e5cc9f1/78b6c/mprofit-94.png 440w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"March Newsletter: Financial Year End","excerpt":"Financial Year End Since it’s March, we are at the end of the current financial year. It is time to calculate your capital gains as well F&O trading profit/loss. With MProfit, it’s very easy to import the contract notes and quickly calculate your intra-day, short-term and long-term capital gains as well as F&O profit/loss. In […]
\n","slug":"march-newsletter-financial-year-end","content":"Financial Year End
\nSince it’s March, we are at the end of the current financial year. It is time to calculate your capital gains as well F&O trading profit/loss. With MProfit, it’s very easy to import the contract notes and quickly calculate your intra-day, short-term and long-term capital gains as well as F&O profit/loss. In fact, we have many chartered accountants who use MProfit to calculate the capital gains for their clients.In addition, with our accounting module you can prepare your balance sheet and trial balance reports as well.
\nMore Import options…
\nIn last months newsletter we mentioned we had over 500 data sources for importing data, well that number has now grown to over 550 data sources. Once we launch the bank import feature in the next few months that number will quickly grow to over 600 data sources.
\nFree version of MProfit Investor
\nSome of you may not know but we recently released a free version of MProfit Investor as long as your total invested amount is under Rs. 50 lakhs you can use all the features. It’s a great way for people to start tracking their investments in a safe and secure manner. You can download it by visiting http://www.mprofit.in/download/
\nOutlook Money Partnership
\nWe recently partnered with Outlook Money, the largest personal finance magazine by circulation, to provide a free copy of MProfit Pro in each issue to one person who is selected as the “Best Letter to the Editor.” If you have a comment or question for Outlook Money you can email them at letters@outlookmoney.com.
\nPersonal Finance Articles/Websites
\nBelow are several personal finance articles we found useful in the past month:
One of our users Atul Karmarkar has written a very in-depth review of MProfit and other portfolio management tools on his blog. A year ago, I’d tried MProfit Portfolio Management – it was then available on a trial basis, after which one had to pay. I liked it, but wasn’t sure about paying for something that MS […]
\n","slug":"mprofit-review-from-atul-karmarkar","content":"One of our users Atul Karmarkar has written a very in-depth review of MProfit and other portfolio management tools on his blog.
\nA year ago, I’d tried MProfit Portfolio Management – it was then available on a trial basis, after which one had to pay. I liked it, but wasn’t sure about paying for something that MS Money and the ET Tracker were doing for free. Some months ago however, it was made available for free for investors (for investments upto Rs.50 lakhs) and I downloaded it again.
\nIt is desktop based and all data is stored locally, so being online isn’t a must. Data is updated real time to the extent allowed (with the standard 15 minute delay). There isn’t much to configure and once that was done, I went about adding data. The opening screen has a list of investment types on the left, from which one can select the required type and input the details. It is fairly straightforward and… the full review is available on his blog.
Lately we have been flooded with new feature requests. As many of you know we listen to all requests and then the team decides when and if the feature is implemented into MProfit. One of the most requested features over the past year has been the ability to import many contract notes at once. So […]
\n","slug":"new-update-for-2014-happy-new-years-to-you","content":"Lately we have been flooded with new feature requests. As many of you know we listen to all requests and then the team decides when and if the feature is implemented into MProfit.
\nOne of the most requested features over the past year has been the ability to import many contract notes at once. So instead of selecting one file at a time, you can now select as many files as you want and start importing the data into MProfit.
\nOther features that have been added to the import engine:
\n– Import of various sub-brokers’ trade-books with charges (this occurs when you have multiple contract notes in a single file)
\n– Support for new PDF contract notes
\nOur import engine now provides support for over 520 data formats, which is the most offered by anyone in India.
\nWe also fixed several bugs with this latest release:
\n– Miscellaneous gain in bonds if multiple bonds sold on the same date
\n– Closing balance report with part-payment in stocks
\n– XIRR report with part-payment in stocks
\nYou can download the new version or update your current version (go to Help – > Check for Updates) and follow the instructions.
With the release of version 9.3, MProfit has introduced an accounting module which provides seamless integration with the portfolio management section (PMS). The Journal vouchers, payment and receipt voucher entries are auto-generated from stocks, mutual funds and F&O transactions and posted in their respective ledger accounts. Previously, customers would maintain transactions in MProfit and also […]
\n","slug":"mprofit-accounting-module-has-arrived-with-v9-3","content":"With the release of version 9.3, MProfit has introduced an accounting module which provides seamless integration with the portfolio management section (PMS). The Journal vouchers, payment and receipt voucher entries are auto-generated from stocks, mutual funds and F&O transactions and posted in their respective ledger accounts.
\nPreviously, customers would maintain transactions in MProfit and also maintain transactions in a separate accounting software, now with MProfit v9.3 it’s now simplified into a single software package.
\nSeveral examples of auto-generation of accounting entries from PMS transactions are:
\n– JVs from brokers contract notes where entries are posted in respective ledgers such as broker’s ledger and capital gains
\n– JVs from F&O contract notes where entries posted in F&O Profit/Loss and broker’s ledger
\n– Payment and Receipt entries from mutual fund transactions including daily, weekly and monthly dividends
\n– Insurance premium entries
\n– All other fixed income entries
\nOther Accounting Features:
\n– Maintain your bank and cash accounts
\n– Assignment of particular assets to a specific bank so that income entries are auto posted to the bank ledger
\n– Mutual fund switch-in and switch-out support in accounts so that JVs are auto created based on the transactions
\n– Group ledger view
\n– Creation of favourites for ledgers like banks and brokers for easy access
\nDownload the latest version and see how easy it is to use. Download Now!
DSP BlackRock recently released an eBook for their mutual fund advisors. The eBook was written by the team of Manish Chauhan and Nandish Desi of JagoAdvisor and JagoInvestor fame. It’s a great guide for independent financial advisors (IFA’s) to reference and see how they can grow their practice. The eBook is broken into 10 sections […]
\n","slug":"how-to-grow-your-advisory-practice","content":"DSP BlackRock recently released an eBook for their mutual fund advisors. The eBook was written by the team of Manish Chauhan and Nandish Desi of JagoAdvisor and JagoInvestor fame. It’s a great guide for independent financial advisors (IFA’s) to reference and see how they can grow their practice.
\nThe eBook is broken into 10 sections and really gives you some great tips and pointers about the IFA business. There is no doubt that only Manish and Nandish could have written such a fantastic eBook and that too for FREE!
\nIf you ever get a chance to meet Manish and Nandish then you will know why they wrote the eBook…they truly love this field and are passionate about people getting the right information.
\nTheir JagoInvestor website is one of the most visited websites for personal finance matters. Just take a look at any one of their articles and you will most likely see 100’s of comments.
\nIn their eBook they mentioned MProfit Advisor and their comment was:
\n“…value for money where for a small price, you can manage huge number of clients…”
To get a copy of their eBook click on this link. To try MProfit Advisor click on this link.
\n","date":"2013-02-28T08:46:31.000Z","path":"/2013/02/how-to-grow-your-advisory-practice/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":0.7333333333333333,"src":"/static/bdcbc5a91ad2025617073bb3154b442b/69585/ebook-dsp.png","srcSet":"/static/bdcbc5a91ad2025617073bb3154b442b/e8676/ebook-dsp.png 55w,\n/static/bdcbc5a91ad2025617073bb3154b442b/de665/ebook-dsp.png 110w,\n/static/bdcbc5a91ad2025617073bb3154b442b/69585/ebook-dsp.png 200w","sizes":"(max-width: 200px) 100vw, 200px"}}}}}},{"node":{"title":"MProfit Investor is now FREE","excerpt":"As of today, MProfit Investor is now FREE, the only limit is that MProfit Investor can manage an invested amount of up to Rs. 50 lakhs. Other than that you can use all the features of MProfit Investor for as long as you like and never have to pay for it. Need to manage your families investments? […]
\n","slug":"mprofit-investor-is-now-free","content":"As of today, MProfit Investor is now FREE, the only limit is that MProfit Investor can manage an invested amount of up to Rs. 50 lakhs. Other than that you can use all the features of MProfit Investor for as long as you like and never have to pay for it.
\nNeed to manage your families investments? FREE
\nWant to import your mutual fund transactions? FREE
\nPlan to import contract notes from over 200+ brokers? FREE
\nNeed a capital gains report? FREE
\nI think you get the idea, basically everything in MProfit Investor is now FREE. The next logical question might be – How are we going to make money? As you might have noticed we have several other versions of MProfit that are paid and hence that is where we make our money. Enough about our finances, why don’t you download the FREE version of MProfit Investor and get YOUR finances in order!
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2013/02/download_freemium.png\" "\\"Download")
MProfit now allows you to import your PDF contract notes directly into MProfit even if they have a password. Some of the brokers we support starting today include: HDFC, ICICI Direct, Indiabulls, India Infoline, JM Financial, Motilal Oswal, Reliance Securities and SBI Caps. We also support the Consolidated Account Statement (CAS) for mutual funds from […]
\n","slug":"mprofit-v9-1-5-now-supports-pdf-contract-notes","content":"MProfit now allows you to import your PDF contract notes directly into MProfit even if they have a password. Some of the brokers we support starting today include: HDFC, ICICI Direct, Indiabulls, India Infoline, JM Financial, Motilal Oswal, Reliance Securities and SBI Caps.
\nWe also support the Consolidated Account Statement (CAS) for mutual funds from CAMS, Karvy and Franklin Templeton. You can request a PDF file by going to the link below, then importing the PDF file into MProfit.
\nhttp://www.camsonline.com/
\nDirectly import .zip and .cams files from CAMS & Karvy
\nNo longer do you have to manually extract the file or rename it – we automate all that work for you. If the .DBF file format you receive from CAMS and Karvy are in a .zip or .cams format, you can select that file directly in MProfit to import it. (We currently don’t support the .kmfs extension you will still have to rename and extract those files and then import it into MProfit.)
\nOther Features
\n– Support for merger, demerger and splits in mutual funds (purchase prices and capital gains calculations are updated based on these actions)
\n– Cost inflation index updated for FY 2012-13 to calculate capital gains report with indexation
\n– Ability to add a single premium policy- Several bugs fixed
\nTo Get the Update
\nGo to the Help menu option in MProfit and select “Check For Updates” then follow the instructions to get v9.1.5.
At MProfit we meet and talk with a wide variety of advisors and many have the same issues and ask the same questions. We could have created an FAQ page but decided it might be better to create a PDF document of the issues that advisors face when dealing with technology. The Startup Guide for […]
\n","slug":"the-startup-guide-for-ifas","content":"At MProfit we meet and talk with a wide variety of advisors and many have the same issues and ask the same questions. We could have created an FAQ page but decided it might be better to create a PDF document of the issues that advisors face when dealing with technology.
\nThe Startup Guide for Independent Financial Advisors (IFAs) provides guidance on the tools and technology needed to start your own financial advisory firm or grow your existing business. More importantly, the products and services covered are free or very low cost as price is a major concern for any advisory company. The guide is broken into 5 parts:
\n1. Basic Setup – The minimum setup needed to start your advisory firm
\n2. Getting New Clients – Implementing a social media strategy to attract new clients and using customer relationship management (CRM) tools to track potential client leads
\n3. Financial Planning – Tools to create financial plans for your clients
\n4. Trade Execution – How to execute the recommendations on your clients behalf
\n5. Portfolio Monitoring – Methods to review and monitor the portfolios of your clients
\nClick to download The Startup Guide for Independent Financial Advisors (IFAs)
Happy New Years! If you have noticed we have been quite silent on this blog over the past 5-6 months, mainly because the entire team was working towards a very busy 2012. At MProfit we started 2012 with a bang, with the launch of latest version of MProfit Investor (v9.0). But in even bigger news […]
\n","slug":"advisor-and-investor-9-0-released","content":"Happy New Years! If you have noticed we have been quite silent on this blog over the past 5-6 months, mainly because the entire team was working towards a very busy 2012.
\nAt MProfit we started 2012 with a bang, with the launch of latest version of MProfit Investor (v9.0). But in even bigger news is we launched our second product MProfit Advisor. MProfit Advisor was designed for companies, family offices, HNIs, CFPs, independent financial advisors (IFAs), insurance advisors, investment advisors and sub-brokers.
\nWhat’s new in MProfit Investor v9.0?
\nWe have rebuilt MProfit Investor (download) to take advantage of the many new features we have planned for 2012 such as the ability to sync your data with advisors. In addition, you will be able to view your data on tablets and mobile phones (Android, iOS, Windows).
\nSome of the features you will notice right away:
MProfit Advisor commercially available
\nSince the launch of our first product MProfit Investor we were receiving many requests from financial advisors, HNIs and family offices. In 2011, we decided it was time to start working on a new product based on the feedback and what you see today in MProfit Advisor (download) is a result of it.
\nMProfit Advisor we designed to be easy to use and cost effective. MProfit Advisor allows you to manage 100’s of portfolios, put your logo on reports, generate overall AUM reports and many other features. In the near future, advisors will be able to share data with their clients in an easy and secure manner. At MProfit, 2012 is the year we plan to make managing money a very simple task.
\nClick for a summary of the features in MProfit Investor and MProfit Advisor.
The latest version 5.5 is available now! Below are a couple highlights of this release: 1. Updated XIRR Report: Income column now includes only Income received as Pay-out. All dividend reinvestment and cumulative income are added in Current Value. 2. Import – We have added many more brokers to allow importing of contract notes from […]
\n","slug":"mprofit-v5-5-launched","content":"The latest version 5.5 is available now! Below are a couple highlights of this release:
\n1. Updated XIRR Report: Income column now includes only Income received as Pay-out. All dividend reinvestment and cumulative income are added in Current Value.
\n2. Import – We have added many more brokers to allow importing of contract notes from Antique, Concept Securities, Dalal & Broacha, Dani Shares, GEPL Capital, Integrated Master Securities, Pragya Securities, RK Global, Skyes & Ray Equities and many more. We have also updated many of the import options as well. (click for a current list of brokers)
\nHow Do I Get The Update?
\nFrom the main menu select Help -> Check for Updates. You will need to restart MProfit to proceed with the update.
\nPlease make sure that you have internet connectivity during this process and that your anti-virus software and/or firewall is not blocking the download.
The latest version 5.4 is available now! Below are 4 highlights of this release: 1. As the financial year of 2010-11 has been closed, we have improved the Capital Gain Summary Report based on requests from many users. The report now includes period-wise capital gains as required when filing your tax return. The period includes […]
\n","slug":"mprofit-v5-4-launched","content":"The latest version 5.4 is available now! Below are 4 highlights of this release:
\n1. As the financial year of 2010-11 has been closed, we have improved the Capital Gain Summary Report based on requests from many users. The report now includes period-wise capital gains as required when filing your tax return. The period includes 1st Apr to 15th Sep, 16th Sep to 15th Dec, 16th Dec to 15th March and 16th March to 31st March. This will be useful in determining your advance tax payment for the new financial year as well.
\n2. New ULIP/Insurance Summary report for individual portfolios, this report was previously available for groups.
\n3. A minor bug related to display of accrued interest in FD (Payout).
\n4. Import – We have added several more brokers to allow importing of contract notes from ASE Capital Markets, FundsIndia.com, MTL Shares & Stockbrokers, R. Wadiwala Securities, Saurashtra Capital, Span Caplease and Sunshine Broking. We have also updated many of the import options as well. (click for a current list of brokers)
\nHow Do I Get The Update?
\nFrom the main menu select Help -> Check for Updates. You will need to restart MProfit to proceed with the update.
\nPlease make sure that you have internet connectivity during this process and that your anti-virus software and/or firewall is not blocking the download.
Moneylife Magazine recently did a feature story on the various tools available to manage your money. Moneylife is a leading personal finance magazine that was started by Debashis Basu and Sucheta Dalal, they provide excellent common sense advice about money. Sucheta Dalal is an award-winning business journalist and author of several books including “The Scam: […]
\n","slug":"moneylife-features-mprofit","content":"Moneylife Magazine recently did a feature story on the various tools available to manage your money. Moneylife is a leading personal finance magazine that was started by Debashis Basu and Sucheta Dalal, they provide excellent common sense advice about money. Sucheta Dalal is an award-winning business journalist and author of several books including “The Scam: From Harshad Mehta To Ketan Parekh”.
\nTheir latest issue, features MProfit as one of the tools investors can use to manage their portfolio. At MProfit it’s not just about using our software but also about building a community of investors who have similar goals and providing useful information to our customers.
\nCurrently, there are basic 4 categories of tools available to investors:
\n1. Watchlists – these are available on many websites and just track your stock and mutual fund holdings on a daily basis. Your financial data resides on an internet server.
\n2. Expense tracker – these websites help you manage your monthly expenses such as EMI, food, clothing, etc. Your financial data resides on an internet server.
\n3. Brokers trading platform – allows you to trade through your broker and keep track of your investments, but this requires you to always use the same broker. Some provide this online and some provide a desktop application.
\n4. Portfolio Manager – There are several online portfolio managers and several desktop applications. (MProfit fits here)
\nMProfit was created based on 3 simple points:
\n1. Easy to use
\n2. Full data security
\n3. Economically priced
\nMProfit does much more then just track your investments. Our reporting capabilities are unmatched and our unique “grouping” feature is why people love MProfit.
\nOver the next year you will see many new features added to MProfit but what we are most excited about are the plans we have around meeting our customers. We plan to have “meetups” in various cities and discuss topics such as financial planning, tax free investment options, how to save money using real world examples, etc… which we believe is what our customers really want!
As the financial year is ending, MProfit can make your life a bit easier when you file your taxes this year. We have created a brief video to show some of the reports that will be most useful when filing your taxes with the Income Tax Department.
\n","slug":"capital-gains-reports","content":"As the financial year is ending, MProfit can make your life a bit easier when you file your taxes this year. We have created a brief video to show some of the reports that will be most useful when filing your taxes with the Income Tax Department.
\n
As part of our continuous effort to improve MProfit we have added several new features based on customer feedback to MProfit v4.1. The two big features that were most requested have been added, a tax calculator and an automated backup feature. The feature list is below: Tax calculator Weekly/Monthly backup Improved help file Improved report […]
\n","slug":"mprofit-version-4-1-released","content":"As part of our continuous effort to improve MProfit we have added several new features based on customer feedback to MProfit v4.1. The two big features that were most requested have been added, a tax calculator and an automated backup feature. The feature list is below:
\nThe tax calculator allows you to estimate your taxes BEFORE selling a stock or mutual fund. It provides intraday, short-term and long-term tax calculations.
\nWe have also added a weekly/monthly backup feature. MProfit will prompt you on a weekly or monthly basis (based on your settings) to backup your data to either a local hard drive, an external hard drive or a USB pen drive. This will allow you to always have a backup copy of your data in case of an emergency.
\nLastly, this version fixes some minor bugs.
\nVideo of New Features
\nIf you would like to see a demo of the newest features, below is a YouTube video highlighting the new features in v4.1.
\n
\nHow Do I Get The Update?
\nJust restart MProfit and you will be prompted about the availability of v4.1. You will need to accept and install the update to enjoy the latest features of MProfit.
\nWhen you accept, the update will be downloaded and installed on your desktop. Please make sure that you have internet connectivity during this process and that your antivirus software and/or firewall is not blocking the download to allow the installation of the MProfit update.
\nPlease send your feedback or queries to support@mprofit.in
After the successful launch of our commercial version 3.0, we are happy to announce the integration with Online Payment Gateway offered by one of the leading Indian company CCAvenue. CCAvenue offers secure online payment gateway. The users can now purchase online one year subscription plan from our site http://www.mprofit.in/buy/. After the payment is authorised, the […]
\n","slug":"payment-gateway-integration","content":"After the successful launch of our commercial version 3.0, we are happy to announce the integration with Online Payment Gateway offered by one of the leading Indian company CCAvenue. CCAvenue offers secure online payment gateway. The users can now purchase online one year subscription plan from our site http://www.mprofit.in/buy/.
\nAfter the payment is authorised, the Activation Key will be immediately sent to customer’s email address to activate the license for one year.
\nThe payment can also be done by Cheque/DD. The activation key in this case will be sent once the payment is credited to our bank account. We would recommend that you take advantage of secure online payment mode. You can find all the information about Online Payment as well as payment through Cheque/DD on our site http://www.mprofit.in/buy/
\nThe details of One Year Subscription Plan are as follows:
\nThe charges are Rs.99 per Month (Payable yearly for all 12 months) + Rs. 300 (One time joining fees). This plan includes following services:
The wait is finally over. We are happy to announce the availability of the commercial version 3.0 of MProfit Software. We sincerely appreciate the patience and support of all the users who have downloaded and used the pre-release version. This is a 30 days trial version. Following features/functionalities have been added in this version. Right […]
\n","slug":"mprofit-software-commercial-version-3-0-released","content":"The wait is finally over. We are happy to announce the availability of the commercial version 3.0 of MProfit Software. We sincerely appreciate the patience and support of all the users who have downloaded and used the pre-release version.
\nThis is a 30 days trial version. Following features/functionalities have been added in this version.
During this 30 days trial period, you will be able to purchase MProfit 1 Year Subscription Plan. The purchase details (Online payment as well as payment through Cheque/DD) will be provided before the end of next week. Once you make the payment, the Activation Key will be sent to you by an email. Under Help menu, you will notice the option to activate the license. You need to insert this Activation Key and click the button ‘Activate License’. The software will be activated for 365 days.
\nThe previous pre-release version users will get the message about the availability of the new version 3.0. You need to accept and allow the installation to enjoy the full benefits of MProfit. When you accept it, it will be downloaded and installed on your desktop. Please make sure that you have the internet connectivity during this process.
We have received an overwhelming response from many users around the country including smaller cities and towns. The MProfit team feels highly motivated and obliged by the encouraging response. We have finalised the pricing of MProfit and have also extended the validity of the free pre-release version up to 31-Aug-2009. Users of previous versions will […]
\n","slug":"price-announcement-and-extention-of-validity-of-pre-release-version","content":"We have received an overwhelming response from many users around the country including smaller cities and towns. The MProfit team feels highly motivated and obliged by the encouraging response.
\nWe have finalised the pricing of MProfit and have also extended the validity of the free pre-release version up to 31-Aug-2009. Users of previous versions will receive the new automatic update for the availability of version 2.43. The commercial launch will be announced in next few weeks.
\nAs promised, we have decided to offer MProfit at a very attractive price. We have evaluated various pricing models and have also done our own survey. After reviewing several options, we have decided to charge Rs. 99/- per month (payable yearly for 12 months) + Rs. 300 (one time joining fees). This plan includes following services:
\n1) License to use fully functional MProfit Software for one year
\n2) Updates for end of the day BSE closing prices and daily MF NAVs
\n3) Database updates (new addition of stocks and Mutual Funds and updates about company name change)
\n4) Software Updates for the addition of new features and reports as well as improvement in the software.
\n5) Email support
\nWe have adopted this pricing model by keeping individual investors in mind. I hope that most of the users would appreciate our low cost pricing plan.
\nWe again thank all the users for their support.
This is a pre-release (beta) version and fully functional. You can use this version without any charge up to 31-Jul-2009. You will be able to use the same data, when we launch the commercial version. I hope that it will be very useful for everyone for calculating capital gains calculations for the financial year ending […]
\n","slug":"more-about-pre-release-version","content":"This is a pre-release (beta) version and fully functional. You can use this version without any charge up to 31-Jul-2009. You will be able to use the same data, when we launch the commercial version. I hope that it will be very useful for everyone for calculating capital gains calculations for the financial year ending March 31, 2009. The pricing for the commercial version will be decided later and we can assure you that the pricing will be very attractive.
\nMProfit is a Desktop Portfolio Management Software for Indian Investors. It is also useful for Non Resident Indians. It is extremely easy to use and you can jump start using and managing your portfolios by going through ‘Getting Started’ section in User Manual. This is not a web based solution. We believe that most of the individuals would not like to store their personal financial data on web portals due to data theft and online security issues. MProfit stores your personal portfolios data on your PC. MProfit manages individual portfolio and family (group) portfolios and tracks the net worth of individual and group portfolios with the updated prices of stocks and MF.
\nMProfit has many more features and reports which are useful for Indian Investors. It provides Long term and Short term capital gain reports. It handles various corporate actions like Bonus, Split, Merger and De-merger. Capital gain reports are adjusted based on these actions as per the income tax rules. Apart from capital gains reports, you will explore many more features and reports while using MProfit.
\nOne of the main features of MProfit is a Group portfolio. You can create multiple groups within your family. You can explore some of the interesting report like Asset Allocation, which will give you information about how your family wealth is diversified.
\nThe closing values of BSE stocks and Mutual Fund NAVs are updated automatically through internet from our server when you start the application.
\nThere are also two types of updates which we provide through internet,
\n1) Database Updates (which are addition of newly listed stocks, Mutual Funds and Company Name Change updates)
\n2) Software Updates (We keep improving the software functionality and keep adding new features & reports)
\nPlease keep accepting these new updates to enjoy the full benefits of MProfit application. Please use the Backup feature to take regular backups of your MProfit data.
\nThis is a pre-release (Beta) version and may need improvement. If you come across any bugs while using the software, please share the same with us so that we can keep improving the functionality and make MProfit software more robust.
\nPlease click here to download User Manual to know about all the features of MProfit. Help is always available by pressing F1 while using MProfit.
\nPlease send any feedback or query to support@mprofit.in and our support team will respond to your query.
MProfit – Desktop Portfolio Management Software is ready and available for download. This is a pre-release (Beta) version and fully functional. It is free up to 31-Jul-2009.
\n","slug":"launch-of-pre-release-version","content":"MProfit – Desktop Portfolio Management Software is ready and available for download. This is a pre-release (Beta) version and fully functional. It is free up to 31-Jul-2009. You will be able to use the same data after the commercial launch. We are committed to enrich and improve MProfit with more user friendly features and functionality with the support and feedback of its users. I look forward to your feedback and suggestions.
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