![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/09/5-2-MProfit-Carousel-Product-Update-Analytics-27-9-2023-1024x1024.jpg\")
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 đ 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 đ
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!
Introduction 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 […]
\n","slug":"the-art-of-mutual-fund-distribution-insights-from-an-expert","content":"\nIn 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 MProfitâs 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. Shankarâs 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","date":"2023-06-19T11:56:15.000Z","path":"/2023/06/the-art-of-mutual-fund-distribution-insights-from-an-expert/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1,"src":"/static/9dbb7e5790fa4678ff209f28d3e0e506/ea029/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg","srcSet":"/static/9dbb7e5790fa4678ff209f28d3e0e506/bf886/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg 55w,\n/static/9dbb7e5790fa4678ff209f28d3e0e506/2718e/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg 110w,\n/static/9dbb7e5790fa4678ff209f28d3e0e506/ea029/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg 220w,\n/static/9dbb7e5790fa4678ff209f28d3e0e506/17691/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg 330w,\n/static/9dbb7e5790fa4678ff209f28d3e0e506/1e02c/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg 440w,\n/static/9dbb7e5790fa4678ff209f28d3e0e506/10d63/6_10-06-2023_Case_Study_Distributor_Shankar_Credo-capital.jpg 1080w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"Customer in the spotlight: Kanwardeep Singh","excerpt":"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. Whatâs 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 Kanwardeepâs portfolio grew, keeping track of the investments became increasingly difficult. Thatâs 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 â investment, portfolio and overall family. Kanwardeep and his wife have individual portfolios, but thanks to MProfit â 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/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1,"src":"/static/74943570575b75fe678e5bebf500c093/ea029/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg","srcSet":"/static/74943570575b75fe678e5bebf500c093/bf886/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 55w,\n/static/74943570575b75fe678e5bebf500c093/2718e/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 110w,\n/static/74943570575b75fe678e5bebf500c093/ea029/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 220w,\n/static/74943570575b75fe678e5bebf500c093/17691/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 330w,\n/static/74943570575b75fe678e5bebf500c093/1e02c/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 440w,\n/static/74943570575b75fe678e5bebf500c093/10d63/6_05-04-2023_Case_Study_Investor_Kanwardeep_Singh.jpg 1080w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"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 donât find your brokerâs name in our list, do let us know at support@mprofit.in and weâll make sure we provide import support for your brokerâs 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\")
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
MProfit generates separate capital gains reports for Equity MFs and Debt MFs because taxation rules vary for each type. You can also generate two separate reports with indexation and without indexation for Debt MFs (Liquid funds, Income funds, FMPs and Gold ETFs). We give a quick overview of how MProfit handles these calculations and how […]
\n","slug":"capital-gain-calculations-for-mutual-funds-mf","content":"MProfit generates separate capital gains reports for Equity MFs and Debt MFs because taxation rules vary for each type. You can also generate two separate reports with indexation and without indexation for Debt MFs (Liquid funds, Income funds, FMPs and Gold ETFs). We give a quick overview of how MProfit handles these calculations and how you can easily generate mutual funds capital gains reports using MProfit.
\nGetting started:
Here are the MF capital gains calculation methodology that MProfit follows:
\nHere is an example demonstrating how MProfit handles capital gains calculations for MFs:
\n| Date | \nType | \n\n Units \n | \n\n NAV \n | \n\n Amount \n | \n\n Short Term Capital Gain \n | \n\n Long Term Capital Gain \n | \n
| \n | \n | \n | \n | \n | \n | \n |
| 10-Apr-15 | \nBuy | \n\n 1,000.00 \n | \n\n 10.00 \n | \n\n 10,000.00 \n | \n\n | \n |
| 25-Apr-15 | \nDividend-Reinvestment | \n\n 100.00 \n | \n\n 11.00 \n | \n\n 1,100.00 \n | \n\n | \n |
| 15-Dec-15 | \nSell | \n\n 1,050.00 \n | \n\n 15.00 \n | \n\n 15,750.00 \n | \n\n 5,200.00 \n | \n\n |
| 02-May-16 | \nSell | \n\n 50.00 \n | \n\n 20.00 \n | \n\n 1,000.00 \n | \n\n | \n 4,50.00 \n | \n
Note: the dividend reinvestment of 100 units with a NAV of 11.00 on 25-Apr-15 is characterized as a new buy transaction.
\nCapital gain/loss calculation on 15-Dec-15:
Capital gain/loss calculation on 02-May-16
\nThe redemption of these 50 units took place after 12 months of subscription so the 450 capital gain is characterised as long term
\n
MProfit automatically creates capital gains reports after users import digital contract notes of stocks or manually enter buy/sell transactions. These include Intra-day Profit/Loss, Short Term Capital Gains and Long Term Capital Gains reports. Advanced reports showing unrealised capital gains as well as the holding periods for stocks are also available in MProfit and they help […]
\n","slug":"capital-gain-calculations-for-shares-stocks","content":"MProfit automatically creates capital gains reports after users import digital contract notes of stocks or manually enter buy/sell transactions. These include Intra-day Profit/Loss, Short Term Capital Gains and Long Term Capital Gains reports. Advanced reports showing unrealised capital gains as well as the holding periods for stocks are also available in MProfit and they help investors learn what their capital gains liabilities are before deciding to sell their shares. MProfit does have an advanced feature to allocate charges to the purchase value and sale value of each stock in contract notes and this reduces the capital gains tax liability for the investor.
\nBelow is a detailed explanation about how MProfit handles these capital gains calculations.
In addition, MProfit also adjusts capital gains calculations for corporate actions including Bonuses, Splits, Mergers and De-mergers for any stock. Capital gain calculations are adjusted automatically based on these corporate actions in accordance with the income tax rules effective on the date of the action.
\nPlease read below for detailed information about how MProfit handles long term and short term capital gains calculations following each corporate action.
\nBonus:
Split:
\nMerger:
\nDe-merger:
\nToday, we released an update to v9.4 of MProfit. The version is still 9.4 but the build number is 1013.042: New Features and Reports Family-wise global transaction report Option to print or save capital gain calculations of all families under one report New closing balance detailed report with ISIN number for better analysis using Excel […]
\n","slug":"new-update-for-mprofit","content":"Today, we released an update to v9.4 of MProfit. The version is still 9.4 but the build number is 1013.042:
\nNew Features and Reports
Minor Bug Fixes
\nClick to the see the full version history of MProfit.
\n","date":"2016-05-03T05:24:48.000Z","path":"/2016/05/new-update-for-mprofit/","featured_media":null}},{"node":{"title":"Another Change to Contract Notes","excerpt":"SEBI has been very busy over the past year changing the formats of the contract notes that clients receive when they trade on the equity and commodity exchanges. Last year, they introduced a Common Contract Note format that many brokers adopted (SEBI circular here). At MProfit we changed hundreds of formats and can now import […]
\n","slug":"another-change-to-contract-notes","content":"SEBI has been very busy over the past year changing the formats of the contract notes that clients receive when they trade on the equity and commodity exchanges. Last year, they introduced a Common Contract Note format that many brokers adopted (SEBI circular here). At MProfit we changed hundreds of formats and can now import from over 1300+ data sources.
\nWe thought our work was done but earlier this year SEBI introduced a new enhancement to include the ISIN (International Securities Identification Number) ID. The ISIN is a unique ID for each instrument traded on the exchanges. For example, Reliance Industries’ ISIN code is INE002A01018. Read the SEBI circular regarding the new ISIN addition. (Wikipedia – click to learn more about ISIN)
\nThe good news is that you will no longer have to map your scripts in the contract notes into MProfit since we can pickup the ISIN code and then map it directly to the correct script. However, since this is a SEBI mandated changed we have been overwhelmed with the number of import template changes we have had to make to implement the ISIN code. Rest assured we will get all the templates updated but it will take some time…don’t be surprised if it takes 7-10Â days to get the template updated.
\nWe really would appreciate your patience in this matter.
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":"Advisor and Investor 9.0 released","excerpt":"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)Â 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.
Investment in the Public Provident Fund (PPF) with discipline and systematically can lead to a sizable retirement corpus. We have created a calculator that will tell you how much your corpus would be at the end of 15 years, 20 years or 25 years. Click to download the PPF Excel calculator. Features of PPF investments include: […]
\n","slug":"ppf-calculator","content":"Investment in the Public Provident Fund (PPF) with discipline and systematically can lead to a sizable retirement corpus. We have created a calculator that will tell you how much your corpus would be at the end of 15 years, 20 years or 25 years. Click to download the PPF Excel calculator.
\nFeatures of PPF investments include:
\n– 100% secured investment, offered by Government of India
\n– Tax deduction under section 80C
\n– 8% per annum tax free return
\n– Withdrawal up to 50% of your balance before the 4 years of the year of withdrawal
\n– After the end of 15 year period (actually 16 years), the PPF account can be extended for another block of 5 years, indefinitely.
\n– In an event of bankruptcy, no one can touch your PPF balance, not even Government of India
\nBelow is a quick introduction of how to enter your PPF/EPFs and the type of reports you can generate with it. We show you an existing PPF, how to enter a new PPF and reports you can create to view your PPF/EPF investments.
\n
With MProfit you can easily manage your PPF (public provident fund) and EPF (employee provident fund) investments. Below is a quick introduction of how to enter your PPF/EPFs and the type of reports you can generate with it. We show you an existing PPF, how to enter a new PPF and reports you can create […]
\n","slug":"managing-ppfepf-investments","content":"With MProfit you can easily manage your PPF (public provident fund) and EPF (employee provident fund) investments.
\nBelow is a quick introduction of how to enter your PPF/EPFs and the type of reports you can generate with it. We show you an existing PPF, how to enter a new PPF and reports you can create to view your PPF/EPF investments.
\n
MProfit has made the process of managing your ULIPs (unit linked insurance plans) and insurance policies easier. Â Once you have decided which products to buy then you can easily enter in the details in MProfit and start tracking your investments. Below is a quick introduction of how to enter your ULIPs and the type of […]
\n","slug":"managing-your-ulips-and-insurance","content":"MProfit has made the process of managing your ULIPs (unit linked insurance plans) and insurance policies easier. Â Once you have decided which products to buy then you can easily enter in the details in MProfit and start tracking your investments.
\nBelow is a quick introduction of how to enter your ULIPs and the type of reports you can generate with it.
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\nCustomers ask why we don’t automatically update the prices of ULIP products. The reason is because when you have a ULIP the expenses get deducted by selling some of your units. So, if we automatically updated the prices but you forget to update the quantity then you would have an incorrect amount for the total value. Hence, we recommend you update the policy value based on what your ULIP providers sends to you via mail. In addition, ULIPs are very long term products (15-20 years) so to track them on a daily or weekly basis is not really required.
Many mutual fund investors face a common problem which is getting a summary of all their mutual fund investments. Â Since each mutual fund house will send their own report it is up to the investor to summarize the data. Luckily, the two major mutual fund registrars – CAMS and Karvy provide a facility to allow […]
\n","slug":"getting-your-mutual-fund-information","content":"Many mutual fund investors face a common problem which is getting a summary of all their mutual fund investments. Â Since each mutual fund house will send their own report it is up to the investor to summarize the data. Luckily, the two major mutual fund registrars – CAMS and Karvy provide a facility to allow a customer get their mutual fund information from one location.
\nIf you use CAMS then you can request your data via an Excel file. Click here for more information.
\nIf you use Karvy then you can login to your account and automatically import the data into MProfit. Click here for information.
\nOnce your data is imported into MProfit you can print asset allocation reports for ALL your financial holdings such as stock, property, gold, FD, Insurance and more. You also get a daily update on all your holdings from a single screen which makes it very easy to track all your assets with MProfit.
We have updated our Reporting Overview video to reflect the new reports and the changes to some existing reports. MProfit has 5 main categories for reports: Analytical, Transaction, Capital Gains, Accounts and Miscellaneous. We could tell you more, but itâs probably better if you just watch the YouTube clip below:
\n","slug":"overview-of-reports","content":"We have updated our Reporting Overview video to reflect the new reports and the changes to some existing reports. MProfit has 5 main categories for reports: Analytical, Transaction, Capital Gains, Accounts and Miscellaneous.
\nWe could tell you more, but itâs probably better if you just watch the YouTube clip below:
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One the biggest benefits of using MProfit is our reporting capabilities. You may find other services available on the internet but most cannot compete with it comes to reporting. We provide over 45 types of reports and are adding new ones based on customer feedback. We have 5 main categories for reports: Analytical, Transaction, Capital Gains, Accounts and Miscellaneous. We […]
\n","slug":"reporting-capabilities","content":"One the biggest benefits of using MProfit is our reporting capabilities. You may find other services available on the internet but most cannot compete with it comes to reporting. We provide over 45 types of reports and are adding new ones based on customer feedback.
\nWe have 5 main categories for reports: Analytical, Transaction, Capital Gains, Accounts and Miscellaneous.
\nWe could tell you more, but it’s probably better if you just watch the YouTube clip below:
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A continuing series that describes how MProfit handles specific asset classes and how you can benefit from it. There are many product that manage Mutual Funds, but none are as powerful as MProfit. Whether you have equity or debt mutual funds…we can manage it. You can choose from the 1000s of mutual funds, Exchange Traded Funds […]
\n","slug":"managing-your-mutual-funds","content":"A continuing series that describes how MProfit handles specific asset classes and how you can benefit from it.
\nThere are many product that manage Mutual Funds, but none are as powerful as MProfit. Whether you have equity or debt mutual funds…we can manage it. You can choose from the 1000s of mutual funds, Exchange Traded Funds (ETFs) and Fixed Maturity Plans (FMPs) to manage. With our unique Group view, you can aggregate and view your entire family’s portfolio. Some of the features are below:
Wait, there is more.  Where MProfit really shines is it’s reporting engine (it’s like a Ferrari!). The Group (Family) portfolio reports such as MF portfolio summary, asset allocation in mutual funds, group holding reports and annualised returns (XIRR) are very important reports to help you make the right investment decisions.  Overall, the report feature list is quite impressive:
\nGo ahead and download a FREE 30 day trial and see for yourself.
\n","date":"2010-02-02T12:51:31.000Z","path":"/2010/02/managing-your-mutual-funds/","featured_media":null}},{"node":{"title":"Asset Class: Bondâs","excerpt":"A continuing series that describes how MProfit handles specific asset classes and how you can benefit from it. The current and maturity values for bonds are calculated based on the interest rate, frequency of interest payout and cumulative or payout option. The current and maturity values of remaining bonds will be adjusted when you sell […]
\n","slug":"asset-class-bonds","content":"A continuing series that describes how MProfit handles specific asset classes and how you can benefit from it.
\nThe current and maturity values for bonds are calculated based on the interest rate, frequency of interest payout and cumulative or payout option.
\nThe current and maturity values of remaining bonds will be adjusted when you sell some bonds from your total holdings. The closing balance of bonds will be calculated based on the original purchase price and the remaining quantity. This balance cost will match with the balance in your books of accounts.
\nYou can add transactions to your existing bond investments. The terms related to interest rate, frequency of interest pay-out, cumulative or pay-out options and maturity value will remain the same as original first investment. The current values and maturity values will be adjusted based on subsequent purchases.
\nThere is also an option to add transactions related to interest payout, which will not have any affect on the current or maturity values. This transaction is helpful in computing the total gain from the investment and when calculating your annualised returns (XIRR).
\nYou can decide to calculate the values of bonds based on two options:
\n1)Â Â Â Set the value based on the interest rate
\n2)Â Â Â Set the value by manually adding the bond price
\nThe option to add cumulative interest is provided via the bonds transactions screen. Investors may want to pass this entry for tax calculation purposes. The accrued interest up to 31st March can be passed as a cumulative interest entry in MProfit.
\nMProfit is designed in such a way that there will not be any difference in current and maturity values of bonds even if you pass the cumulative entry at the end of any period.
\nLastly, you can set the alert for the lock-in period (if any) as well as the maturity date for your bonds.
A continuing series that describes how MProfit handles specific asset classes and how you can benefit from it. The current value and maturity value of bank fixed deposit’s (FDs) are calculated based on the interest rate, frequency of interest payout and cumulative or payout option. MProfit has provided the option to enter transactions for partial […]
\n","slug":"asset-class-fixed-deposits","content":"A continuing series that describes how MProfit handles specific asset classes and how you can benefit from it.
\n![\"AType4\"](\"https://wp.mprofit.in/wp-content/uploads/2009/12/AType4.gif\" "\\"AType4\\"")
\nThe current value and maturity value of bank fixed deposit’s (FDs) are calculated based on the interest rate, frequency of interest payout and cumulative or payout option. MProfit has provided the option to enter transactions for partial withdrawals to take care of FDs which are linked to your bank accounts. If partial withdrawal has occured, you will need to enter the principal amount as well as the interest payout (optional) on this withdrawal.
\nThe assumption is that the bank pays out interest on this partial withdrawal. Usually bank gives less interest for partial withdrawal as opposed to holding the FD till full maturity. After a partial withdrawal, MProfit will calculate daily gain, overall gain, current and maturity value based on your balance principal amount with the same terms of your original FD.
\nMProfit has provided the option to add cumulative interest in terms of FDs. Although, banks do not show this entry in their FD statement, investors may want to pass this entry for the tax calculation purposes. The accrued interest up to 31st March can be passed as cumulative interest entry in MProfit, so as to tally the balance with the books of accounts. MProfit is designed in such a way that there will not be any difference in current and maturity value of this FD even if you pass the cumulative entry at the end of any period.
\nLastly, you can set the alert for the lock-in period (if any) as well as the maturity date for FDs created in MProfit.
Unit Linked Insurance Plans (ULIPs) are very complex products from the data management perspective. There are more than 25 insurance companies and each has many ULIP products and each ULIP product has 4 to 8 associated funds. ULIP holder can switch between the funds and the units are reduced to recover the mortality charges and […]
\n","slug":"unit-linked-insurance-plans-ulips-and-pension-plans","content":"Unit Linked Insurance Plans (ULIPs) are very complex products from the data management perspective. There are more than 25 insurance companies and each has many ULIP products and each ULIP product has 4 to 8 associated funds. ULIP holder can switch between the funds and the units are reduced to recover the mortality charges and other charges. We currently do not provide the NAV of each ULIP product. We will try to incorporate the same in future if we find it feasible.
\nIn spite of the complexity, we have tried to provide the complete ULIP management module in MProfit. We believe that each investor would have one or two ULIP products to manage in his portfolio. How data should be entered and managed for ULIP products in MProfit is explained below in details.
\nOnce you create the ULIP plan manually, fill out all the details about your policy (one time) and you can create the associated funds by going into Edit Fund Allocation. You can create the funds as per the plan you have chosen.
\nThere are couple of ways you can set the current policy value to be reflected in your net worth summary.
\nGo to Transaction list of ULIP product and Click on the Set Current Value button and choose the appropriate option.
\na) Periodically, (suggested monthly), you can go to Transaction List and Click on Other Transactions and click on Edit Fund Allocation and change the Quantity of units and NAV of your funds. The policy value will be calculated based on these data.
\nb)Â Â Â Â Second option is to calculate the policy value as per the total premium paid â withdrawal (Use Set Current Value feature)
\nc)Â Â Â Â Â Third option is to set the policy value manually. You can directly enter the policy value periodically (say monthly) based on the statement of your ULIP policy and this will be reflected in your net worth of your portfolio (Use Set Current Value feature). You do not need to enter the fund details and this is the simplest method to capture your policy value to be included in your net worth.
\nULIP products are very long term in nature and we recommend them to update the policy value every month as per the statement of your ULIP policy based on your choice of setting. By doing this, you can almost capture the true value of your ULIP investments in your net worth summary.
\nYou can manage the Unit Linked Pension Plans in the same manner, which will be without insurance details.
You can add all Exchange Traded Funds (ETFs) in MProfit. ETFs fall under the category of Mutual Funds. A Mutual Fund/ETF scheme is classified as an equity-oriented scheme if it has holdings in the equity of domestic companies, amounting to 65 per cent or more, on an average, during the year. A scheme that does […]
\n","slug":"adding-exchange-traded-funds-etfs-in-mprofit","content":"You can add all Exchange Traded Funds (ETFs) in MProfit. ETFs fall under the category of Mutual Funds.
\nA Mutual Fund/ETF scheme is classified as an equity-oriented scheme if it has holdings in the equity of domestic companies, amounting to 65 per cent or more, on an average, during the year. A scheme that does not fulfil this condition is considered as a debt-oriented scheme. All Gold ETFs fall under Debt MF category.
\nSome of the ETFs listed in MProfit are
You can add all Exchange Traded Funds (ETFs) in MProfit.
\nETFs are falling into the category of Debt Mutual Funds. You need to create a new mutual fund, select the name of your ETF and assign it to Debt MF category.
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Some of the ETFs listed in MProfit are
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Gold Benchmark Exchange Traded Scheme (Gold BeES)
\nReliance Gold Exchange Traded Fund-Dividend Payout Option
\nSBI GOLD EXCHANGE TRADED SCHEME
\nUTI GOLD Exchange Traded Fund
\nLiquid Benchmark Exchange Traded Scheme (Liquid BeES)
\nNifty Benchmark Exchange Traded Scheme- Nifty BeES
\nNifty Junior Benchmark Exchange Traded Scheme (Junior BeES)
\nSensex ICICI Prudential Exchange Traded Fund
\nPSU Bank Benchmark Exchange Traded Scheme (PSU Bank BeES)
\nBanking Index Benchmark Exchange Traded Scheme (Bank BeES)
\nReliance Banking Exchange Traded Fund-Dividend Option
\nMany of the users have asked us how they can compare their own individual portfolios as well as family (group) portfolios for different periods. One of the easiest way to do this is to save asset allocation reports for individual portfolios and group portfolios in pdf or excel format, say monthly or quarterly. You can […]
\n","slug":"comparing-portfolio-values-for-different-periods","content":"Many of the users have asked us how they can compare their own individual portfolios as well as family (group) portfolios for different periods.
\nOne of the easiest way to do this is to save asset allocation reports for individual portfolios and group portfolios in pdf or excel format, say monthly or quarterly. You can then always compare your portfolio values of past and current date.
\nYou need to go to Analytical Reports and select Asset Allocation Reports. In stead of printing this report, you need to click the ‘Save’ button on the top panel of your report window. Select the format in which you want to save your reports and save it with the appropriate name ending with date, for e.g. Name1-NetWorth-31-Mar-2009, Name2-NetWorth-30-Jun-2009. Once you do that, it would be extremely easy to compare your net worth reports for different dates. Please let me know if you have any suggestions or better ideas.
We have received many queries asking how various updates are provided in MProfit. We provide end of the day closing prices of BSE stocks as well as Mutual Funds NAVs. The prices are updated automatically in MProfit when you start the application. Apart from price updates, we provide following automatic updates through internet. 1) Database […]
\n","slug":"automatic-updates","content":"We have received many queries asking how various updates are provided in MProfit.
\nWe provide end of the day closing prices of BSE stocks as well as Mutual Funds NAVs. The prices are updated automatically in MProfit when you start the application. Apart from price updates, we provide following automatic updates 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)
\nWhen new database updates are available, you will see the ‘ U ‘ symbol at the bottom of the summary screen. If you click on ‘ U ‘ and accept the updates, application will be restarted to update your database with these new updates. When new software update is available, you will receive the message about the new version availability.
\nPlease keep accepting these new updates to enjoy the full benefits of MProfit application. You need internet connectivity to receive all the updates.
Double click on any of your stock name and you will see the box containing all the transactions of this stock. On top, right hand side, you will see Other Transactions button. Click on this button and select Bonus, Split, Merger or De-merger action and fill out the details. It should be noted that purchase […]
\n","slug":"adding-bonus-split-merger-and-de-merger-transactions","content":"Double click on any of your stock name and you will see the box containing all the transactions of this stock. On top, right hand side, you will see Other Transactions button. Click on this button and select Bonus, Split, Merger or De-merger action and fill out the details.
\nIt should be noted that purchase price and capital gain reports will be automatically adjusted based on these corporate actions like Split, Merger and De-merger as per Income tax rules.
This feature has been removed, you can now download all your transactions via the CAS PDF file: http://support.mprofit.in/threads/how-do-i-import-a-mutual-fund-consolidated-account-statement-cas.2/ Right click on the MF icon on the left hand side of the summary screen or Right click on the Buy/Sell button on the right hand side of the summary screen. Select Generate SIP Entries. You […]
\n","slug":"adding-sip-systematic-investment-plan-transactions-for-mutual-funds","content":"This feature has been removed, you can now download all your transactions via the CAS PDF file:
\nhttp://support.mprofit.in/threads/how-do-i-import-a-mutual-fund-consolidated-account-statement-cas.2/
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\nRight click on the MF icon on the left hand side of the summary screen or Right click on the Buy/Sell button on the right hand side of the summary screen. Select Generate SIP Entries. You can select this from Activity Menu as well.
\nYou will see the MF SIP form. You need to select the MF name, SIP starting date, SIP ending date, frequency of SIP transactions, like monthly, quarterly, etc., and the amount for SIP.
\nClick on Generate button to generate all the entries for the selected period. The dates will be selected automatically. The dates will be adjusted for Saturdays and Sundays as SIP transactions do not happen on weekends. You can change the dates if you desire. Now, you need to only fill out the units as per your MF statement for all the respective dates. The amount for each transaction will remain the same.