![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/12/Riskometer-SEBI.png\")
The Mutual Fund Factsheet houses crucial details about the scheme, encompassing its objectives, portfolio, risks, returns, & more. In this blog, we delve into the key indicators in the MF Factsheet that shed insights on equity and related MF schemes. The Mutual Fund Factsheet includes quantitative parameters that provide statistical insights into a mutual fund’s […]
\n","slug":"decoding-the-mutual-fund-factsheet","content":"\nThe Mutual Fund Factsheet houses crucial details about the scheme, encompassing its objectives, portfolio, risks, returns, & more.
In this blog, we delve into the key indicators in the MF Factsheet that shed insights on equity and related MF schemes.
The Mutual Fund Factsheet includes quantitative parameters that provide statistical insights into a mutual fund’s performance, composition, and structure.
Here are a few important metrics to look out for while making investment decisions:
Beta is the volatility of the Mutual Fund with respect to its benchmark indices like Nifty or Sensex.
Beta > 1 indicates that the MF is more volatile than the benchmark.
Beta < 1 indicates that the MF is less volatile than the benchmark.
SD indicates how much the fund’s returns deviate from its average return over a specific period.
A higher SD suggests that the fund’s returns have fluctuated widely from the average, indicating higher volatility or risk.
In simple words, the Sharpe Ratio is the return delivered by the mutual fund per unit of risk taken.
A higher Sharpe Ratio suggests a better risk-adjusted return because the fund is generating more return per unit of risk taken.
In simple terms, it means the number of times the mutual fund has bought/sold equity and related instruments.
Lower Portfolio Turnover means the fund is not buying/selling too many stocks in a year.
TE refers to the divergence between the fund’s performance and its benchmark index.
A lower TE suggests that the fund closely mirrors the benchmark’s returns.
It is one of the most important metrics when choosing index funds.
The MF Factsheet also tells you some important facts about the scheme like:
In actively managed schemes, a fund manager plays a crucial role as he manages the money pooled in by investors.
Any change in the fund manager is updated in the factsheet.
It is the total money managed by the scheme on behalf of the investors.
AUM is a significant metric used to assess the size and scale of an Asset Management Company (AMC) and its ability to manage assets for its clients.
This is a percentage that denotes the fee paid to the AMC to manage your investments.
i.e. the per-unit expense of operating and managing the mutual fund.
Expense Ratios vary from 1 – 2 % depending on the mutual fund scheme.
Portfolio holdings refer to the stocks, bonds, cash equivalents, or other financial instruments that the fund owns.
Understanding portfolio holdings helps investors comprehend the fund’s diversification, risk exposure, and investment strategy.
It is the fee charged by the fund house at the time of buying or selling the MF units.
These loads are subtracted from the invested amount or the redemption proceeds, reducing the returns for investors.
The factsheet contains the scheme returns since inception and returns wrt to the benchmark for a specific period.
It is crucial to note that a fund’s past performance does not guarantee future returns.
The riskometer scale represents the risk associated with the scheme as per SEBI product labelling guidelines.
Each scheme is assigned a specific position on the scale based on its risk profile, & factors such as volatility, market risk, liquidity, etc.
The Mutual Fund Factsheet is an excellent tool which the AMC publishes for every scheme each month.
One must always read the factsheet before investing and make informed decisions based on your financial goals and risk-return profile.
In the world of investing, there has been a massive shift in recent years towards passive mutual fund strategies, specifically index funds. With the growth of the internet and ease of access to financial education, more investors are becoming aware of the advantages of low-cost, diversified investing. Active vs. Passive Funds First, let’s differentiate between […]
\n","slug":"active-vs-passive-funds-explained","content":"\nIn the world of investing, there has been a massive shift in recent years towards passive mutual fund strategies, specifically index funds.
With the growth of the internet and ease of access to financial education, more investors are becoming aware of the advantages of low-cost, diversified investing.
First, let’s differentiate between the two primary investment strategies: active and passive.
Active investing involves a hands-on approach with a portfolio manager striving to outperform the market’s average return.
Passive investing, on the other hand, involves taking a non-active approach by investing in a diversified portfolio with low costs and a long-term horizon, aiming to match the market’s average return.
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/04/active-vs-passive-investing-1024x1024.jpg\")
One type of passive investment strategy that has gained significant popularity is index funds. Index funds invest in stocks that mimic a stock market index, such as Nifty or Sensex. These funds are passively managed, meaning the fund manager invests in the same securities present in the underlying index, in the same proportion.
Recent reports suggest that passive assets under management (AUM) could grow to ₹ 25 trillion by 2025, potentially representing 37% of overall assets in the MF industry. This significant growth highlights the appeal and advantages of index funds for investors.
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/04/passive-investing-in-India.png\")
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/04/active-fund-performance.png\")
While index funds provide numerous advantages, it is crucial to keep in mind certain factors when investing in them.
Firstly, tracking error (TE) measures the difference between the return of the index fund and the benchmark index it is tracking. Secondly, there is little or no room for alpha in index funds.
By investing in an index fund, the investor is accepting returns that are in line with the index the fund is tracking.
In conclusion, investors should consider a mix of both active and passive funds in their portfolios.
Index funds are an attractive strategy for low-cost, passive equity mutual funds that decrease the likelihood of underperforming the benchmark. Index funds provide an effective and straightforward approach to capture broad market returns with minimal cost and risk.
As per the new Finance Bill, it seems that Taxation rules for Mutual Funds might be changing in the near future. It seems that starting 1st April 2023, gains on Debt Mutual Funds might no longer receive a long term benefit with indexation, and they’ll be taxe as per one’s income tax slab rate. If […]
\n","slug":"understanding-the-basics-of-capital-gain-reporting-in-mprofit","content":"\nAs per the new Finance Bill, it seems that Taxation rules for Mutual Funds might be changing in the near future. It seems that starting 1st April 2023, gains on Debt Mutual Funds might no longer receive a long term benefit with indexation, and they’ll be taxe as per one’s income tax slab rate.
If this change is indeed confirmed, be rest assured that we will accordingly update our Capital Gain reporting in MProfit!
And while we are on the topic, why not a quick refresher on Capital Gains and how MProfit can help you automate this?
If you are short on time, kindly note the following 4 points to automate your Capital Gains:
Now, if you have the time to learn more about Capital Gains, please read ahead.
\n\n\n\nKey points to keep in mind:
\n\n\n\nCurrent taxation structure for FY 2022-2023:
\n\n\n\nThe guidelines below are for FY 2022-23. We will update you separately about changes for the next FY.
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/03/CapitalGains_2020_LatestImage_20_Oct_2020-1024x588.png\")
Simple enough so far? Here’s some more detail
You must compute Capital Gains using the First-In-First-Out method. Simply put, this means that when you sell your shares, you sell your oldest shares first and compute Capital Gains accordingly.
Second, you must account for any applicable corporate actions (like Bonus, Split, Merger or Demerger) while computing Capital Gains for stocks.
MProfit provides an awesome feature that auto-applies corporate actions for your Stocks. While computing your capital gains, we also properly handle each corporate action.
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/03/unnamed-1024x681.png\")
Everyone’s talking about Indexation. But what is it?
Indexation simply put is a means to adjust the cost price of an investment to reflect the impact of inflation on it. This is done to pass on a benefit to investors by considering the effect of inflation on investment returns!
For FY 2022-23, you can get an indexation benefit on your Capital Gains for Debt Mutual Funds and Gold Bonds, as per India’s Cost Inflation Index (CII). Capital Gains in MProfit currently adjust for Indexation where applicable, by using the latest CII data.
And if debt mutual fund taxation guidelines are changing in the near future, we will update our capital gain reporting accordingly. Be rest assured!
MProfit provides Capital Gain reporting for your Stocks, Mutual Funds, Traded Bonds, REITs and InvITs!
Here’s what a sample Capital Gain report in MProfit looks like:
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2023/03/unnamed-1-1024x385.png\")
Income Tax guidelines are dynamic and investors must adapt!
Last week exemplifies the fact that taxation will always be an evolving topic and that investors must adapt, in order to comply with the latest guidelines.
If you’re an MProfit user, you don’t need to worry! We take care of the details.
Regardless of whether you file your return directly or via a CA, MProfit makes the computation of Capital Gains seamless & automated, as per the latest IT guidelines.
To learn more on the proposed changes to Mutual Fund taxation, read this detailed article.
Introducing Pratik Mukasdar: A seasoned stockbroker & Mutual Fund distributor using MProfit to manage client portfolios With over 5 years of experience in the financial industry, Pratik Mukasdar of RNL Investment Partners has been dedicated to helping families achieve their financial goals. As a mutual fund distributor and stockbroker, he manages a portfolio of over […]
\n","slug":"customer-in-the-spotlight-pratik-mukasdar","content":"\nIntroducing Pratik Mukasdar: A seasoned stockbroker & Mutual Fund distributor using MProfit to manage client portfolios
\n\n\n\nWith over 5 years of experience in the financial industry, Pratik Mukasdar of RNL Investment Partners has been dedicated to helping families achieve their financial goals. As a mutual fund distributor and stockbroker, he manages a portfolio of over 200 families and has successfully advised on more than Rs. 100cr+ in investments.
\n\n\n\nPratik’s journey into the financial industry started with his passion for investing. He always dreamt of being a good investor and saw the mutual fund business as a win-win proposition. He started his career with the goal of helping families make informed investment decisions and achieve their financial goals.
\n\n\n\nPratik believes that personal finance is a very personal matter, and therefore, there is no one-size-fits-all asset allocation. He works closely with his clients to understand their financial goals and helps them allocate their investments accordingly. He likes to suggest a higher allocation towards equity and slowly shift towards debt as the goal nears for an investment horizon of over 10 years.
\n\n\n\nPratik is proud to have a great set of clients who trust him completely to manage their assets. He regularly connects with his clients, to keep them updated on their portfolio performance.
\n\n\n\nWhen it comes to portfolio tracking & reporting, Pratik completely relies on MProfit. He firmly believes that MProfit enables him to provide better client reporting and is a cost effective tool for the functionality it offers.
\n\n\n\nSpeaking about the one MProfit feature that he loves, Pratik highlights the capability to track multiple accounts for an entire client family in MProfit. Pratik believes that this has enabled him to streamline his portfolio management and become more efficient, which has greatly benefited his business.
\n","date":"2023-02-16T11:33:42.000Z","path":"/2023/02/customer-in-the-spotlight-pratik-mukasdar/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1,"src":"/static/b9f706b013e5d05208d8d8336b690d30/ea029/MProfit_Pratik-Mukasdar-RNL.jpg","srcSet":"/static/b9f706b013e5d05208d8d8336b690d30/bf886/MProfit_Pratik-Mukasdar-RNL.jpg 55w,\n/static/b9f706b013e5d05208d8d8336b690d30/2718e/MProfit_Pratik-Mukasdar-RNL.jpg 110w,\n/static/b9f706b013e5d05208d8d8336b690d30/ea029/MProfit_Pratik-Mukasdar-RNL.jpg 220w,\n/static/b9f706b013e5d05208d8d8336b690d30/17691/MProfit_Pratik-Mukasdar-RNL.jpg 330w,\n/static/b9f706b013e5d05208d8d8336b690d30/1e02c/MProfit_Pratik-Mukasdar-RNL.jpg 440w,\n/static/b9f706b013e5d05208d8d8336b690d30/10d63/MProfit_Pratik-Mukasdar-RNL.jpg 1080w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"MProfit Reports on Mobile in Excel and PDF format","excerpt":"We are very excited to inform you that we have now added a cool new feature in the MProfit mobile app: MProfit Reports on Mobile in Excel and PDF format! Now you can view, download and share portfolio reports in the MProfit Android / iOS mobile app. Depending on the MProfit plan that you have opted for, […]
\n","slug":"mprofit-reports-on-mobile-in-excel-and-pdf-format","content":"\nWe are very excited to inform you that we have now added a cool new feature in the MProfit mobile app:
MProfit Reports on Mobile in Excel and PDF format!
Now you can view, download and share portfolio reports in the MProfit Android / iOS mobile app.
Depending on the MProfit plan that you have opted for, a selection of the following reports will be available to you in the MProfit mobile app:
If you are an Advisor sharing MProfit logins with your clients, they can also now start viewing available reports on their mobile devices!
Get your reports on Mobile with these 3 simple steps:
Sign up and get MProfit for free at www.mprofit.in/sign-up
\n","date":"2021-10-28T11:25:48.000Z","path":"/2021/10/mprofit-reports-on-mobile-in-excel-and-pdf-format/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.5714285714285714,"src":"/static/0eebd7236e31fe52a1b3c5b26180fb04/03475/ID-9.png","srcSet":"/static/0eebd7236e31fe52a1b3c5b26180fb04/e8676/ID-9.png 55w,\n/static/0eebd7236e31fe52a1b3c5b26180fb04/de665/ID-9.png 110w,\n/static/0eebd7236e31fe52a1b3c5b26180fb04/03475/ID-9.png 220w,\n/static/0eebd7236e31fe52a1b3c5b26180fb04/3ea03/ID-9.png 330w,\n/static/0eebd7236e31fe52a1b3c5b26180fb04/78b6c/ID-9.png 440w,\n/static/0eebd7236e31fe52a1b3c5b26180fb04/7ad36/ID-9.png 1356w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"Protect your family wealth in volatile markets","excerpt":"Markets today can be volatile and in such times, you need to protect & preserve your family wealth. As an informed investor, you should choose a portfolio tracker that aggregates all your investments in a single place and truly provides complete visibility into portfolio performance! Below are 8 REASONS why MProfit is the best portfolio tracker available to […]
\n","slug":"protect-your-family-wealth-in-volatile-markets","content":"\nMarkets today can be volatile and in such times, you need to protect & preserve your family wealth.
As an informed investor, you should choose a portfolio tracker that aggregates all your investments in a single place and truly provides complete visibility into portfolio performance!
Below are 8 REASONS why MProfit is the best portfolio tracker available to Indian investors today:
With MProfit, you can track investments across Stocks, F&O, Mutual Funds, Bonds, FDs, PMS, AIF, NPS and other asset classes.
Maintain your family’s investments in PAN-wise / broker-wise portfolios and get a consolidated view of your family assets in one place!
Unlike trackers that only import holding details, MProfit accurately captures transaction details for all your investments! This enables MProfit to provide reporting that is far more insightful (for example: XIRR).
You can directly import your Stock contract notes, Mutual Fund CAS from CAMS / NSDL, NPS statements & other files to MProfit. Say good-bye to manual record-keeping forever!
With MProfit, you can track absolute gain & annualised return (XIRR) for any asset, asset class, portfolio or group of portfolios. XIRR is an extremely essential performance metric that you should be tracking in your portfolio!
MProfit provides ready-made capital gain reports compliant with the latest IT guidelines! You can also download your capital gains in formats accepted by tax-filing solutions like ClearTax, Winman, Spectrum & more.
With MProfit, you can view dashboards & reports that give you asset allocation, historical valuation and many other insights! MProfit also provides corporate action details & ratios for Stocks in your portfolios.
Lastly but most importantly, you can track your MProfit portfolios on any PC, mobile or tablet device! MProfit’s mobile apps are available on both Android and iOS platforms.
Manage your portfolios the smart way to simplify your investing & protect your wealth!
\n\n\n\nSign up and start using MProfit by clicking the link below:
At MProfit, customer satisfaction has always been a priority for us. And words of appreciation from our customers motivate us to serve them better! Vijay Thakkar, CEO & Co-founder of ValueArk Capital explains why he loves MProfit. Read the full review above.
\n","slug":"mprofit-testimonial-from-vijay-thakkar-of-valueark-capital","content":"\nAt MProfit, customer satisfaction has always been a priority for us. And words of appreciation from our customers motivate us to serve them better!
\n\n\n\nVijay Thakkar, CEO & Co-founder of ValueArk Capital explains why he loves MProfit. Read the full review above.
\n","date":"2021-07-29T11:45:40.000Z","path":"/2021/07/mprofit-testimonial-from-vijay-thakkar-of-valueark-capital/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.896551724137931,"src":"/static/90fd7e27b7330261a0e40741ee276218/03475/Vijay-Thakkar-MProfit-review.png","srcSet":"/static/90fd7e27b7330261a0e40741ee276218/e8676/Vijay-Thakkar-MProfit-review.png 55w,\n/static/90fd7e27b7330261a0e40741ee276218/de665/Vijay-Thakkar-MProfit-review.png 110w,\n/static/90fd7e27b7330261a0e40741ee276218/03475/Vijay-Thakkar-MProfit-review.png 220w,\n/static/90fd7e27b7330261a0e40741ee276218/3ea03/Vijay-Thakkar-MProfit-review.png 330w,\n/static/90fd7e27b7330261a0e40741ee276218/78b6c/Vijay-Thakkar-MProfit-review.png 440w,\n/static/90fd7e27b7330261a0e40741ee276218/fdca2/Vijay-Thakkar-MProfit-review.png 1372w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"Capital Gains automated with MProfit","excerpt":"One of the biggest administrative challenges for investors each year is the process of accurately computing & verifying their Capital Gains for tax-filing purposes. This can often be a tedious and time-consuming process, prone to error. So let’s break it down. What are the key things to keep in mind? You must report Capital Gains […]
\n","slug":"capital-gains-automated-with-mprofit","content":"\nOne of the biggest administrative challenges for investors each year is the process of accurately computing & verifying their Capital Gains for tax-filing purposes.
This can often be a tedious and time-consuming process, prone to error. So let’s break it down.
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2020/10/Capital-Gains_2020_Latest-Image-3.png\")
Capital Gains must be computed using the First-In-First-Out method. Simply put, this means that when you sell your shares/units, you sell your oldest shares/units first and compute Capital Gains accordingly.
Second, you must account for any applicable corporate actions while computing Capital Gains for an asset. Corporate actions can include Bonus, Split, Merger or De-merger.
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2020/10/image-1.png\")
Grandfathering of Long Term Capital Gains:
In 2018, a 10% LTCG tax was introduced on Stocks and Equity Mutual Funds with the condition that gains made until January 31st 2018 will not be taxed. This rule is what is referred to as the Grandfathering of Long Term Capital Gains.
On assets sold on or after April 1st 2018, long term capital gains are now subject to Grandfathering. This involves a set of complex calculations for each sale transaction. Things get especially complex in the case of Bonus, Merger, Demerger and Split transactions.
We won’t go into the detailed formulas here, but we are happy to inform you that MProfit computes Capital Gains by taking all Grandfathering rules into consideration.
Once you have imported your data to MProfit, simply generate your Capital Gain reports in Income-Tax-Return (ITR) format for Stocks or Equity Mutual Funds.
Indexation:
For Debt Mutual Funds and Gold Bonds, you should compute your Capital Gains as per India’s Cost Inflation Index (CII) to reduce your tax liability.
MProfit takes care of this automatically.
Your Capital Gain reports for Debt Mutual Funds and Gold Bonds in MProfit will use the latest CII numbers to provide Capital Gains with indexation, as per Income Tax guidelines.
As per recent Income Tax guidelines, all investors must now include ISIN details while providing Capital Gains for tax filing.
MProfit’s Capital Gain reports include ISIN details for all Stocks, Mutual Funds & Traded Bonds.
Here’s what a sample Capital Gain report with ISIN details in MProfit looks like:
![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2020/10/image-4.png\")
Once your Capital Gain reports are ready, your next requirement is to upload them to a tax filing software.
MProfit makes this process seamless.
We provide a generic Excel report in Income-Tax-Return format with ISIN details that you can customise as per your needs.
MProfit also provides you Capital Gain reports in formats compatible with popular tax software such as ClearTax, Winman, Spectrum, CompuTax, Genius and TaxPro.
Computing and processing your Capital Gains could not get any easier.
To learn more about MProfit’s features as an all-in-one portfolio management software:
Union Budget 2021 was presented against the backdrop of an economy limping back to recovery from the Covid-19 pandemic. And when it was announced, markets seemed to perceive it as the boldest budget seen in recent years. For one, it involved higher borrowing, which means that the fiscal deficit is estimated to stretch to 9.5% for FY21. It also […]
\n","slug":"key-highlights-of-budget-2021-for-investors","content":"\nUnion Budget 2021 was presented against the backdrop of an economy limping back to recovery from the Covid-19 pandemic. And when it was announced, markets seemed to perceive it as the boldest budget seen in recent years.
For one, it involved higher borrowing, which means that the fiscal deficit is estimated to stretch to 9.5% for FY21. It also proposed aggressive disinvestment in public sector enterprises amounting to Rs.1.75 lakh crore.
\n\n\n\nRead on for the key highlights of Union Budget 2021 pertinent to investors.
\n\n\n\nKey highlights of Union Budget 2021 for Investors:
\n\n\n\nMProfit is a smart, technology-enabled tool available in the market, that helps you keep track of your portfolios & returns across different asset classes.
\n\n\n\nOur uniquely automated products offer a host of benefits that make investment portfolio management systematic, efficient and highly insightful.
\n\n\n\nFrom all of us here at MProfit, here’s wishing you a successful investing journey in 2021.
\n\n\n\nStart tracking your returns with MProfit now!
\n","date":"2021-02-12T14:22:05.000Z","path":"/2021/02/key-highlights-of-budget-2021-for-investors/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.5714285714285714,"src":"/static/009fe2132e5792ee3761167ecee91cbe/ea029/budget_12022021.jpg","srcSet":"/static/009fe2132e5792ee3761167ecee91cbe/bf886/budget_12022021.jpg 55w,\n/static/009fe2132e5792ee3761167ecee91cbe/2718e/budget_12022021.jpg 110w,\n/static/009fe2132e5792ee3761167ecee91cbe/ea029/budget_12022021.jpg 220w,\n/static/009fe2132e5792ee3761167ecee91cbe/17691/budget_12022021.jpg 330w,\n/static/009fe2132e5792ee3761167ecee91cbe/1e02c/budget_12022021.jpg 440w,\n/static/009fe2132e5792ee3761167ecee91cbe/d8255/budget_12022021.jpg 1920w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"Why reviewing your investments in 2021 will be important","excerpt":"2020 has finally come to a close, a year that will always bring one word to mind: Covid! A majority of us spent this year entirely at home, and this unexpectedly gave us the opportunity to reflect on the key elements of our lives: work, relationships and hobbies. Among other things, 2020 has also taught […]
\n","slug":"why-reviewing-your-investments-in-2021-will-be-important","content":"\n 2020 has finally come to a close, a year that will always bring one word to mind: Covid! A majority of us spent this year entirely at home, and this unexpectedly gave us the opportunity to reflect on the key elements of our lives: work, relationships and hobbies.
Among other things, 2020 has also taught us, as investors, that regularly reviewing our investment portfolios will be monumentally important going into 2021. Read along to find out why.
What is an investment portfolio review?
It refers to the act of analysing one’s investment portfolio in detail, to determine its adequacy, in line with one’s preferences and objectives.
Why will it be so important in 2021?
There are numerous reasons why reviewing your investment portfolio will be key in 2021:
![\"\"/](\"https://mprofit-newsletter.s3.amazonaws.com/images/social-distancing-120121.png\")
![\"\"/](\"https://mprofit-newsletter.s3.amazonaws.com/images/financial-chart-120121.png\")
How and when to conduct an investment portfolio review?
You can perform an investment portfolio review either yourself, if you have the financial know-how, or by hiring the services of a professional financial advisor or wealth manager.
Ideally, there should be a periodic rhythm built-in: typically quarterly, half-yearly or annually. For highly volatile assets, you could review them even more frequently, if required.
How can MProfit help?
Having provided portfolio reporting solutions for over 11 years, we at MProfit understand the true importance of a portfolio review for investors.
While conducting a detailed analysis can be a daunting task, MProfit is a smart, technology-enabled tool available in the market, that helps you keep track of your investment portfolios across different asset classes.
![\"\"/](\"https://mprofit-newsletter.s3.amazonaws.com/images/feature+2x_22_4_2020.png\")
We have created solutions to suit investors, traders, family offices and high net worth individuals. We also have solutions catering specifically to financial advisors and brokers.
Our uniquely automated products offer a host of benefits that make investment portfolio management systematic, efficient and highly insightful.
From all of us here at MProfit, here’s wishing you a successful investing journey in 2021!
The year 2020 is nearly coming to a close. As volatile as this year has been, markets are currently sitting at all-time highs and yet, giving little indication of where they are headed from here. Consequently, the importance of asset allocation will now be more crucial than ever to prepare investors for all future market […]
\n","slug":"why-is-asset-allocation-important","content":"\nThe year 2020 is nearly coming to a close. As volatile as this year has been, markets are currently sitting at all-time highs and yet, giving little indication of where they are headed from here.
\n\n\n\nConsequently, the importance of asset allocation will now be more crucial than ever to prepare investors for all future market scenarios.
\n\n\n\nInvestors today are faced with an unprecedented challenge:
How can one effectively manage a diverse set of investments and track asset allocation in real-time?
After all, each asset class is governed by its own set of rules and investors are expected to follow distinct guidelines for computing capital gain implications. Investors must also consistently rebalance their portfolios for adapting to frequent changes in market conditions.
Simply put, asset allocation is an investment strategy that aims to balance risk by selecting an optimal mix of investments across different asset classes.
By understanding the tradeoff between risk & return for each investment, you can allocate your assets in a manner that helps you achieve returns while keeping your overall portfolio risk low.
At the heart of asset allocation is a portfolio diversification strategy. A well-diversified portfolio carefully selects securities that are not highly correlated in terms of performance and are characterized by different risk profiles.
![\"\"/](\"https://mprofit-newsletter.s3.amazonaws.com/images/Dec+2020+-+Image+2_9_12_2020.png\")
MProfit is arguably the only complete solution available to Indian investors for aggregating & tracking investments across Stocks, Mutual Funds, F&O, Bonds, Fixed Deposits, Insurance and all other asset classes.
With the ability to auto-import files from 700+ brokers, banks & registrars, MProfit eliminates manual record-keeping that is often time consuming and error-prone. If you use MProfit, you will never again need to rely on cumbersome spreadsheets & tools that you previously used for investment tracking.
Gain detailed insights into your portfolio performance with MProfit reports for Capital Gains, XIRR, Historical Valuations, Unrealised Gains & more.
MProfit also provides you an interactive dashboard to track your asset allocation & portfolio weightages in real-time.
By providing complete visibility into your portfolio, MProfit empowers you to make sound investment decisions. With MProfit, investors are able to diversify better and achieve higher returns in the long-term.
One of the largest retail broking houses in India in terms of active clients on NSE, Angel Broking is a technology-led financial services company with over two decades of experience in the industry. If you are an Angel Broking client, you can auto-import your Angel Broking data to MProfit, and track your live investment portfolios. […]
\n","slug":"auto-import-your-angel-broking-data-to-mprofit","content":"\nOne of the largest retail broking houses in India in terms of active clients on NSE, Angel Broking is a technology-led financial services company with over two decades of experience in the industry.
\n\n\n\nIf you are an Angel Broking client, you can auto-import your Angel Broking data to MProfit, and track your live investment portfolios.
\n\n\n\nFirst, you can import your historical Angel Broking transactions to MProfit. This is important to ensure that you get accurate Capital Gain and XIRR reporting.
\n\n\n\nNext, you can set up auto-import in MProfit for your daily contract note files, so that your future Angel Broking transaction data is auto-updated in MProfit on a daily basis.
\n\n\n\nOnce this set up is complete, seamlessly use MProfit to track your investing, view XIRR returns, generate Capital Gain reports and a lot more!
\n\n\n\nClick here for step-wise guides for importing Angel Broking data in MProfit.
\n","date":"2020-11-27T11:25:55.000Z","path":"/2020/11/auto-import-your-angel-broking-data-to-mprofit/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":2.8947368421052633,"src":"/static/f3b0e8ae244119cf21e736c211607766/ea029/Angel-Broking-logo.jpg","srcSet":"/static/f3b0e8ae244119cf21e736c211607766/bf886/Angel-Broking-logo.jpg 55w,\n/static/f3b0e8ae244119cf21e736c211607766/2718e/Angel-Broking-logo.jpg 110w,\n/static/f3b0e8ae244119cf21e736c211607766/ea029/Angel-Broking-logo.jpg 220w,\n/static/f3b0e8ae244119cf21e736c211607766/17691/Angel-Broking-logo.jpg 330w,\n/static/f3b0e8ae244119cf21e736c211607766/1e02c/Angel-Broking-logo.jpg 440w,\n/static/f3b0e8ae244119cf21e736c211607766/a9b2a/Angel-Broking-logo.jpg 5000w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"How MProfit makes portfolio management easy for Upstox clients","excerpt":"Backed by Tiger Global and Ratan Tata, Upstox is a trading platform operated by RKSV, a fast growing discount brokerage house that has established itself as a leader in the Indian brokerage industry. If you are an Upstox client, you can seamlessly import your Upstox transaction files to MProfit, and track your live Stock and […]
\n","slug":"how-mprofit-makes-portfolio-management-easy-for-upstox-clients","content":"\nBacked by Tiger Global and Ratan Tata, Upstox is a trading platform operated by RKSV, a fast growing discount brokerage house that has established itself as a leader in the Indian brokerage industry.
\n\n\n\nIf you are an Upstox client, you can seamlessly import your Upstox transaction files to MProfit, and track your live Stock and F&O portfolios.
\n\n\n\nFirst, you can import your historical Upstox trade data to MProfit. This is important to ensure that you get accurate Capital Gain and XIRR reporting in MProfit.
\n\n\n\nNext, simply set up auto-import in MProfit for your daily contract note files, so that your future Upstox trades are auto-updated in MProfit on a daily basis.
\n\n\n\nOnce this set up is complete, you can seamlessly use MProfit to track your live portfolios, view XIRR returns, generate your Capital Gain reports and a lot more!
\n\n\n\nClick here for step-wise guides to import Upstox data in MProfit for Stocks and F&O.
\n","date":"2020-11-13T09:49:36.000Z","path":"/2020/11/how-mprofit-makes-portfolio-management-easy-for-upstox-clients/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":2.75,"src":"/static/3b2a3aceea9e22fa094ab7c709e1ade4/03475/Upstox-logo.png","srcSet":"/static/3b2a3aceea9e22fa094ab7c709e1ade4/e8676/Upstox-logo.png 55w,\n/static/3b2a3aceea9e22fa094ab7c709e1ade4/de665/Upstox-logo.png 110w,\n/static/3b2a3aceea9e22fa094ab7c709e1ade4/03475/Upstox-logo.png 220w,\n/static/3b2a3aceea9e22fa094ab7c709e1ade4/3ea03/Upstox-logo.png 330w,\n/static/3b2a3aceea9e22fa094ab7c709e1ade4/78b6c/Upstox-logo.png 440w,\n/static/3b2a3aceea9e22fa094ab7c709e1ade4/ce8f3/Upstox-logo.png 592w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"Capital Gains made simple with MProfit","excerpt":"Every year, regardless of how markets move, investors are faced with one constant challenge: The complex task of accurately computing Capital Gains This can often be a tedious and time-consuming process, prone to error. So let’s break it down. What are the key things you need to know? You must report Capital Gains on every […]
\n","slug":"capital-gains-made-simple-with-mprofit","content":"\nEvery year, regardless of how markets move, investors are faced with one constant challenge:
This can often be a tedious and time-consuming process, prone to error. So let’s break it down.
Capital Gains must be computed using the First-In-First-Out method. Simply put, this means that when you sell your shares/units, you sell your oldest shares/units first and compute Capital Gains accordingly.
Second, you must account for any applicable corporate actions while computing Capital Gains for an asset. Corporate actions can include Bonus, Split, Merger or De-merger.
Grandfathering of Long Term Capital Gains:
In 2018, a 10% LTCG tax was introduced on Stocks and Equity Mutual Funds with the condition that gains made until January 31st 2018 will not be taxed. This rule is what is referred to as the Grandfathering of Long Term Capital Gains.
On assets sold on or after April 1st 2018, long term capital gains are now subject to Grandfathering. This involves a set of complex calculations for each sale transaction. Things get especially complex in the case of Bonus, Merger, Demerger and Split transactions.
We won’t go into the detailed formulas here, but we are happy to inform you that MProfit computes Capital Gains by taking all Grandfathering rules into consideration.
Once you have imported your data to MProfit, simply generate your Capital Gain reports in Income-Tax-Return (ITR) format for Stocks or Equity Mutual Funds.
Indexation:
For Debt Mutual Funds and Gold Bonds, you should compute your Capital Gains as per India’s Cost Inflation Index (CII) to reduce your tax liability.
MProfit takes care of this automatically.
Your Capital Gain reports for Debt Mutual Funds and Gold Bonds in MProfit will use the latest CII numbers to provide Capital Gains with indexation, as per Income Tax guidelines.
As per recent Income Tax guidelines, all investors must now include ISIN details while providing Capital Gains for tax filing.
MProfit’s Capital Gain reports include ISIN details for all Stocks, Mutual Funds & Traded Bonds.
Here’s what a sample Capital Gain report with ISIN details in MProfit looks like:
Once your Capital Gain reports are ready, your next requirement is to upload them to a tax filing software.
MProfit makes this process seamless.
We provide a generic Excel report in Income-Tax-Return format with ISIN details that you can customise as per your needs.
MProfit also provides you Capital Gain reports in formats compatible with popular tax software such as ClearTax, Winman, Spectrum and CompuTax.
Computing and processing your Capital Gains could not get any easier.
To learn more about MProfit’s features as an all-in-one portfolio management software:
As the tax-filing deadline for FY 19-20 has been extended till November, you are probably on the lookout for an accurate tool to compute your capital gains and file your tax returns. With MProfit, you can get your Capital Gain reports in Income Tax Return formats. We have recently also added reports in ClearTax and Winman tax software formats. Click here to sign up […]
\n","slug":"mprofit-capital-gain-reports-now-also-in-cleartax-and-winman-formats","content":"\n\n\nAs the tax-filing deadline for FY 19-20 has been extended till November, you are probably on the lookout for an accurate tool to compute your capital gains and file your tax returns.
\n\n\n\nWith MProfit, you can get your Capital Gain reports in Income Tax Return formats. We have recently also added reports in ClearTax and Winman tax software formats.
\n\n\n\nClick here to sign up for MProfit Cloud.
\n\n\n\nWhy is MProfit a must-have for Capital Gain computation?
\n\n\n\nGet started with MProfit today, import your investment transactions and generate your Capital Gain reports so that you can seamlessly file your tax returns.
\n","date":"2020-09-18T10:28:59.000Z","path":"/2020/09/mprofit-capital-gain-reports-now-also-in-cleartax-and-winman-formats/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.5714285714285714,"src":"/static/0eebd7236e31fe52a1b3c5b26180fb04/03475/ID-9.png","srcSet":"/static/0eebd7236e31fe52a1b3c5b26180fb04/e8676/ID-9.png 55w,\n/static/0eebd7236e31fe52a1b3c5b26180fb04/de665/ID-9.png 110w,\n/static/0eebd7236e31fe52a1b3c5b26180fb04/03475/ID-9.png 220w,\n/static/0eebd7236e31fe52a1b3c5b26180fb04/3ea03/ID-9.png 330w,\n/static/0eebd7236e31fe52a1b3c5b26180fb04/78b6c/ID-9.png 440w,\n/static/0eebd7236e31fe52a1b3c5b26180fb04/7ad36/ID-9.png 1356w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"Seamlessly import data from ICICIDirect to MProfit","excerpt":"One of India’s largest retail brokers & distributors, ICICI Securities offers a variety of financial products to investors across India. If you trade with ICICI Securities, you can seamlessly import your ICICIDirect transactions to MProfit,and track your live Stock and F&O portfolios. First, you can import your historical ICICIDirect trade data. This is very important […]
\n","slug":"import-your-transactions-from-icicidirect-to-mprofit","content":"\nOne of India’s largest retail brokers & distributors, ICICI Securities offers a variety of financial products to investors across India.
\n\n\n\nIf you trade with ICICI Securities, you can seamlessly import your ICICIDirect transactions to MProfit,
and track your live Stock and F&O portfolios.
First, you can import your historical ICICIDirect trade data. This is very important to ensure that you get accurate Capital Gain and XIRR reporting in MProfit.
\n\n\n\nNext, you can set up auto-import in MProfit for your daily ICICI contract note files, so that your future transactions are auto-updated in MProfit on a daily basis.
\n\n\n\nClick here for step-wise guides to import ICICI data in MProfit for Stocks and F&O.
\n","date":"2020-09-08T06:41:21.000Z","path":"/2020/09/import-your-transactions-from-icicidirect-to-mprofit/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":3.6666666666666665,"src":"/static/ab9111c0018b4f4540628cf5a9cf9baf/03475/ICICI-Securities.png","srcSet":"/static/ab9111c0018b4f4540628cf5a9cf9baf/e8676/ICICI-Securities.png 55w,\n/static/ab9111c0018b4f4540628cf5a9cf9baf/de665/ICICI-Securities.png 110w,\n/static/ab9111c0018b4f4540628cf5a9cf9baf/03475/ICICI-Securities.png 220w,\n/static/ab9111c0018b4f4540628cf5a9cf9baf/3ea03/ICICI-Securities.png 330w,\n/static/ab9111c0018b4f4540628cf5a9cf9baf/c30fe/ICICI-Securities.png 433w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"F&O module now live on MProfit Cloud","excerpt":"Hello! We hope you have been using the new MProfit Cloud app for managing Stocks, Mutual Funds, Bonds & many other assets. Today, we have another big update for you: Our new Futures & Options module is live on MProfit Cloud with built-in intelligence for auto-mapping of F&O instruments. You can now seamlessly manage your F&O positions across Stocks, Currency and […]
\n","slug":"fo-module-now-live-on-mprofit-cloud","content":"\nHello! We hope you have been using the new MProfit Cloud app for managing Stocks, Mutual Funds, Bonds & many other assets. Today, we have another big update for you:
Our new Futures & Options module is live on MProfit Cloud with built-in intelligence for auto-mapping of F&O instruments.
You can now seamlessly manage your F&O positions across Stocks, Currency and Commodities with MProfit Cloud on Web, Mobile & Tablet devices!
\n\n\n\nGet MProfit Cloud: www.mprofit.in/sign-up
\n\n\n\nMProfit’s new F&O module is a must-have for F&O traders. Salient features:
\n\n\n\nStart managing your investments and F&O positions by getting MProfit Cloud today!
\n","date":"2020-08-20T07:54:29.000Z","path":"/2020/08/fo-module-now-live-on-mprofit-cloud/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.5714285714285714,"src":"/static/24b93bcc75f3928200a78617fb8a3971/03475/ID-13.png","srcSet":"/static/24b93bcc75f3928200a78617fb8a3971/e8676/ID-13.png 55w,\n/static/24b93bcc75f3928200a78617fb8a3971/de665/ID-13.png 110w,\n/static/24b93bcc75f3928200a78617fb8a3971/03475/ID-13.png 220w,\n/static/24b93bcc75f3928200a78617fb8a3971/3ea03/ID-13.png 330w,\n/static/24b93bcc75f3928200a78617fb8a3971/78b6c/ID-13.png 440w,\n/static/24b93bcc75f3928200a78617fb8a3971/360a4/ID-13.png 1322w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"Importing your Zerodha trade data to MProfit","excerpt":"As India’s largest broker with 3 million+ clients, Zerodha needs no introduction. MProfit makes it very simple for Zerodha clients to import their Zerodha trade data to track their live portfolio. First, you can import your historical Zerodha trade data. This is very important to ensure that you get accurate Capital Gain and XIRR reporting […]
\n","slug":"seamlessly-import-zerodha-trade-data-to-mprofit","content":"\nAs India’s largest broker with 3 million+ clients, Zerodha needs no introduction.
\n\n\n\nMProfit makes it very simple for Zerodha clients to import their Zerodha trade data to track their live portfolio.
\n\n\n\nFirst, you can import your historical Zerodha trade data. This is very important to ensure that you get accurate Capital Gain and XIRR reporting in MProfit.
\n\n\n\nOnce your historical data is updated in MProfit, you can seamlessly set up auto-import in MProfit for your daily Zerodha email contract note file, so that your daily transaction data (with STT and charges) is auto-updated in MProfit on a daily basis.
\n\n\n\nWith MProfit’s auto-import feature, Zerodha clients can seamlessly track their live stock portfolios, and subsequently get accurate Capital Gain (with LTCG Grandfathering!) and XIRR reporting.
\n\n\n\nClick this link for a step-wise guide to import your Zerodha stocks data to MProfit.
\n","date":"2020-08-07T13:56:38.000Z","path":"/2020/08/seamlessly-import-zerodha-trade-data-to-mprofit/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":7.857142857142857,"src":"/static/62a7a68920a7e45114a58d04e4151a80/03475/Zerodha-logo.png","srcSet":"/static/62a7a68920a7e45114a58d04e4151a80/e8676/Zerodha-logo.png 55w,\n/static/62a7a68920a7e45114a58d04e4151a80/de665/Zerodha-logo.png 110w,\n/static/62a7a68920a7e45114a58d04e4151a80/03475/Zerodha-logo.png 220w,\n/static/62a7a68920a7e45114a58d04e4151a80/3ea03/Zerodha-logo.png 330w,\n/static/62a7a68920a7e45114a58d04e4151a80/78b6c/Zerodha-logo.png 440w,\n/static/62a7a68920a7e45114a58d04e4151a80/2a4de/Zerodha-logo.png 600w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"Five reasons to get the new MProfit Cloud","excerpt":"1. All asset classes in one place Manage investments in Stocks, Mutual Funds, Bonds, PMS, Fixed Deposits, AIF, Insurance & many other asset classes. 2. Complete access on Web and Mobile Manage your MProfit portfolios on-the-go on Windows, Mac & Mobile devices with our new web app and mobile apps for Android/iOS mobile & tablet devices. 3. Auto-import data from […]
\n","slug":"five-reasons-to-get-the-new-mprofit-cloud","content":"\nManage investments in Stocks, Mutual Funds, Bonds, PMS, Fixed Deposits, AIF, Insurance & many other asset classes.
Manage your MProfit portfolios on-the-go on Windows, Mac & Mobile devices with our new web app and mobile apps for Android/iOS mobile & tablet devices.
You can now auto-import files to MProfit from 700+ brokers! This is a seamless way to have data from Stock contract notes, Mutual Fund CAS & other files automatically uploaded to MProfit.
Download reports in Excel and PDF format for Capital Gains in ITR format, XIRR, Historical Valuations, Unrealised Gains & more.
Your MProfit dashboard provides detailed insights into your family’s asset allocation across all your portfolios and asset classes.
Get the new MProfit for free on Web and Mobile today!
\n","date":"2020-07-16T12:20:15.000Z","path":"/2020/07/five-reasons-to-get-the-new-mprofit-cloud/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.6666666666666667,"src":"/static/ed4eab5018ca03f4fc53287e57518d6f/03475/Investors-1.png","srcSet":"/static/ed4eab5018ca03f4fc53287e57518d6f/e8676/Investors-1.png 55w,\n/static/ed4eab5018ca03f4fc53287e57518d6f/de665/Investors-1.png 110w,\n/static/ed4eab5018ca03f4fc53287e57518d6f/03475/Investors-1.png 220w,\n/static/ed4eab5018ca03f4fc53287e57518d6f/3ea03/Investors-1.png 330w,\n/static/ed4eab5018ca03f4fc53287e57518d6f/78b6c/Investors-1.png 440w,\n/static/ed4eab5018ca03f4fc53287e57518d6f/a1576/Investors-1.png 2294w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"The new MProfit Cloud launched today!","excerpt":"We have just launched the new MProfit for Web and Mobile in Beta mode. Sign up now at https://www.mprofit.in/sign-up Now, for the first time, you can manage & track all your investments completely on Web, Android and iOS devices. You do not need to download MProfit’s desktop app any longer. With the new MProfit, you […]
\n","slug":"the-new-mprofit-cloud-launched-today","content":"\nWe have just launched the new MProfit for Web and Mobile in Beta mode. Sign up now at https://www.mprofit.in/sign-up
\n\n\n\nNow, for the first time, you can manage & track all your investments completely on Web, Android and iOS devices. You do not need to download MProfit’s desktop app any longer.
\n\n\n\nWith the new MProfit, you can auto-import your Mutual Fund CAS, Stock contract notes from 700+ brokers and other files. You can also download insightful reports and track asset allocation comprehensively.
\n\n\n\nTo start using the new MProfit immediately, register by clicking the link below:
https://www.mprofit.in/sign-up
MProfit was present at the NetworkFP Exposition last week at the Lalit Hotel in Mumbai, and we received a fantastic response from the IFA community from all over India. Huge thanks to all those who visited our booth to learn more about our solutions as well as several of our longtime advisor clients who stopped […]
\n","slug":"mprofit-at-the-networkfp-exposition","content":"\nMProfit was present at the NetworkFP Exposition last week at the Lalit Hotel in Mumbai, and we received a fantastic response from the IFA community from all over India.
\n\n\n\nHuge thanks to all those who visited our booth to learn more about our solutions as well as several of our longtime advisor clients who stopped by to say hello. We look forward to serving you better!
\n\n\n\nStay tuned for exciting new updates to MProfit on Web & Mobile in coming weeks.
\n","date":"2020-02-12T08:27:44.000Z","path":"/2020/02/mprofit-at-the-networkfp-exposition/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.3414634146341464,"src":"/static/ae240f8634129119678c4cccf55b17c8/ea029/IMG_5477.jpg","srcSet":"/static/ae240f8634129119678c4cccf55b17c8/bf886/IMG_5477.jpg 55w,\n/static/ae240f8634129119678c4cccf55b17c8/2718e/IMG_5477.jpg 110w,\n/static/ae240f8634129119678c4cccf55b17c8/ea029/IMG_5477.jpg 220w,\n/static/ae240f8634129119678c4cccf55b17c8/17691/IMG_5477.jpg 330w,\n/static/ae240f8634129119678c4cccf55b17c8/1e02c/IMG_5477.jpg 440w,\n/static/ae240f8634129119678c4cccf55b17c8/10a43/IMG_5477.jpg 4032w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}},{"node":{"title":"Import your data to MProfit from 700+ brokers, banks & other institutions","excerpt":"At MProfit, we have always worked hard to address data aggregation challenges facing Indian investors today. We strive to eliminate the need for unreliable tools & cumbersome spreadsheets that investors often use for manual entry & analysis of data. To this end, we are happy to announce that MProfit today supports import of statements from […]
\n","slug":"always-stay-updated-with-your-portfolios-by-importing-your-trade-files-directly-to-mprofit","content":"\nAt MProfit, we have always worked hard to address data aggregation challenges facing Indian investors today. We strive to eliminate the need for unreliable tools & cumbersome spreadsheets that investors often use for manual entry & analysis of data.
\n\n\n\nTo this end, we are happy to announce that MProfit today supports import of statements from 700+ financial institutions (brokers, banks, AMCs etc.) across disparate formats such as pdf, excel, csv, html, dbf & txt.
\n\n\n\nWith MProfit, we strive to make investing simple, efficient and in turn, more profitable for all Indians.
\n\n\n\nIf you are looking to manage your investment portfolios the right way and save time while doing so, try MProfit for free today by clicking here.
The introduction of the LTCG Grandfathering Clause means that the computation of capital gains for Indian investors today has become an increasingly complex task. In addition to accounting for all kinds of corporate actions, investors need to ensure that they have computed the right Cost of Acquisition for each security in their portfolio in accordance […]
\n","slug":"a-relevant-mprofit-review-for-indian-investors","content":"\nThe introduction of the LTCG Grandfathering Clause means that the computation of capital gains for Indian investors today has become an increasingly complex task. In addition to accounting for all kinds of corporate actions, investors need to ensure that they have computed the right Cost of Acquisition for each security in their portfolio in accordance with the Grandfathering Clause. To learn more about LTCG Grandfathering, click here.
\n\n\n\nA key significance of MProfit lies in its ability to accurately compute capital gains for Indian investors, in compliance with the latest Income Tax regulation. Many leading CA firms using MProfit to compute accurate capital gains for their clients validate MProfit’s position as a leading capital gains solution in the Indian market.
\n\n\n\nThis relevance has been summed up very aptly by an MProfit client, Bosco Menezes, who has reiterated the need for fellow investors to use MProfit for capital gains. Read Bosco’s review below:
“I used to do my capital gains calculations in Excel, and it used to take a long time to compile the same. When LTCG was re-introduced with the grandfathering clause, I knew this exercise was going to get much more tedious & difficult.
So I decided to try out MProfit, which I had heard good things about over the years. I downloaded the trial software & was happy to note that the software worked excellently. My occasional service requests too were responded to very quickly – even when I was using the trial software! So I had no hesitation in purchasing the license thereafter. Would recommend MProfit without hesitation to fellow investors. “
Click this link to learn how MProfit simplifies the computation of Capital Gains for Stocks, Mutual Funds and Traded Bonds.
\n\n\n\nRead more MProfit reviews from happy customers here.
\n","date":"2019-11-19T07:07:11.000Z","path":"/2019/11/a-relevant-mprofit-review-for-indian-investors/","featured_media":null}},{"node":{"title":"Manage your investments on Desktop, Web and Mobile with MProfit","excerpt":"Financial markets today are more complex and unpredictable than ever. There is a lingering lack of transparency in markets crowded with a large number of financial products, coupled with structural changes in the Indian economy, liquidity crises in credit markets and disruptive trade wars in an interconnected global ecosystem. Amid the chaos, Indian investors can find it incredibly daunting to gain absolute visibility and […]
\n","slug":"manage-your-investments-on-desktop-web-and-mobile-with-mprofit","content":"\nFinancial markets today are more complex and unpredictable than ever.
\n\n\n\nThere is a lingering lack of transparency in markets crowded with a large number of financial products, coupled with structural changes in the Indian economy, liquidity crises in credit markets and disruptive trade wars in an interconnected global ecosystem.
\n\n\n\nAmid the chaos, Indian investors can find it incredibly daunting to gain absolute visibility and transparency to their investment portfolios
\n\n\n\nHow do I aggregate my investment data from various sources?
How are my investments performing?
What is my asset allocation?
These are questions Indian investors, and in turn financial advisors, need to be seeking answers to, to truly differentiate themselves and adopt a data-driven approach in making sound investment decisions.
\n\n\n\nEnter MProfit, your one-stop tool to taking full control over your investments across all major asset classes.
\n\n\n\nWith MProfit, you can manage your investment portfolios comprising Stocks, Mutual Funds, Bonds, F&O and other asset classes. No need to compartmentalize your data by using multiple apps or cumbersome spreadsheets to track investments anymore! Just using MProfit should do the job.
\n\n\n\nMProfit makes life super easy for you, by allowing you to seamlessly import your trade data from 3500+ file formats across 700+ brokers & 60+ Indian banks.
\n\n\n\nVarious MProfit reports ranging from Capital Gains to Annualised Returns & Asset Allocation help you make sound investment decisions.
\n\n\n\nTo get started with MProfit, download and install the latest version of MProfit for free on a Windows computer by clicking here.
\n\n\n\nNext, import your portfolio data from any of 3500+ supported file formats and start tracking your investments immediately with MProfit.
\n\n\n\nMProfit Cloud on Web and Mobile
\n\n\n\nOver the last year, we have been working on launching a Cloud enabled version of MProfit that allows you to manage your portfolios on Web & Mobile.
\n\n\n\nWe launched MProfit Cloud a few months ago, that lets you sync your MProfit desktop data to our new Web and Mobile (Android & iOS) Applications.
\n\n\n\nWhat’s new in MProfit Cloud?
\n\n\n\nExciting new updates will be coming to MProfit Cloud in coming months. Stay tuned!
\n\n\n\nIf you have any questions, give us a call at (022) 4002 4149 during our business hours or email us at support@mprofit.in and we’ll respond to you shortly.
\n","date":"2019-10-11T11:20:59.000Z","path":"/2019/10/manage-your-investments-on-desktop-web-and-mobile-with-mprofit/","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":"Capital Gains simplified with MProfit","excerpt":"Every year, regardless of whether markets perform or not, investors often find themselves scrambling to compute and report capital gains accurately and on-time. One thing we can all agree on is how enormously tedious this process can be. So let’s break it down. What are the key things you need to keep in mind? You […]
\n","slug":"mprofit-the-complete-capital-gains-solution","content":"\nEvery year, regardless of whether markets perform or not, investors often find themselves scrambling to compute and report capital gains accurately and on-time. One thing we can all agree on is how enormously tedious this process can be. So let’s break it down. What are the key things you need to keep in mind?
\n\n\n\n![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2019/08/Cap-Gains-rate-table-v2.png\")
Firstly, capital gains must be computed using the First-In-First-Out method. Simply put, this means that when you sell your shares/units, you sell your oldest shares/units first and do your calculations accordingly.
\n\n\n\nSecond, you need to account for various Corporate Actions while computing capital gains as per Income Tax rules; these transactions include Bonus, Split, Merger and De-merger.
\n\n\n\nThird, for Debt MF & Gold Bonds, you must compute your capital gains with Indexation. To add to this, capital gains on Debt MF & Gold Bonds sold after April 1st 2017 must use revised CII numbers with the updated base year of 2001, as recently mandated in Budget 2017.
\n\n\n\nIn 2018, the Indian Government introduced a 10% LTCG tax on Stocks and Equity MF with the caveat that any gains accumulated until January 31st 2018 will not be taxed. This is where the complexity of grandfathering capital gains comes into play.
\n\n\n\nYour Stock and Equity MF long term capital gains on assets sold on or after April 1st 2018 are now subject to Grandfathering.
\n\n\n\nThis means that for any such assets that you have held prior to January 31st 2018, you must deduce the real Cost of Acquisition (CA) by comparing your original Purchase Price (PP) and your Selling Price (SP) with the price of the asset on January 31st 2018 (FMV). For a more detailed overview of Grandfathering, click here.
\n\n\n\nNot only is this an immensely tedious process, accounting for corporate actions also complicates things further.
\n\n\n\nFor example, if you’ve held Bharat Electronics since August 2015 and its price on 31st January 2018 was ₹ 169. Now if Bharat Electronics were to declare a stock split in the ratio of 1:2, your FMV will consequently change and this could also change your Cost of Acquisition for Bharat Electronics.
\n\n\n\nIn this example, we have only one security with one corporate action. But you might hold a large portfolio comprising many stocks and mutual funds, each with a history of multiple corporate actions. You can realize how enormously difficult it is for you to calculate your Grandfathered gains for all your holdings.
\n\n\n\nIn addition to accurately computing your capital gains on stocks, mutual funds and traded bonds (with indexation), MProfit supports capital gains with Corporate Actions and Grandfathering for all Stocks and Equity MF. MProfit also gives you detailed Capital Gain reports, including one that presents your gains sorted by long-term, short-term and intra-day in an Income Tax Return (ITR) format (see image below). You can simply provide this to your CA for tax-filing purposes.
\n\n\n\nMProfit keeps up-to-date with the latest regulatory changes. For instance, to help you stay current with a recent mandate, MProfit gives you ISIN details for all assets in our Capital Gains ITR Format report. If you are an MProfit user, you do not need to tediously procure such details yourself. MProfit helps you ensure that your returns filed are accurate and saves you a significant amount of time while doing so!
\n\n\n\n![\"\"](\"https://wp.mprofit.in/wp-content/uploads/2019/08/Capital-Gains-ITR-sample-1-1024x645.png\")
So here’s what you need to do:
\n\n\n\nAlways know that our Support Team is here to help! If you have any questions, give us a call at (022) 4002-4149 during our business hours or email us anytime at support@mprofit.in and we will respond to you shortly.
\n","date":"2019-08-26T09:50:42.000Z","path":"/2019/08/mprofit-the-complete-capital-gains-solution/","featured_media":{"localFile":{"childImageSharp":{"fluid":{"aspectRatio":1.8333333333333333,"src":"/static/4fcb6fd457156eb482b468fe4961c5db/03475/ca-2x.png","srcSet":"/static/4fcb6fd457156eb482b468fe4961c5db/e8676/ca-2x.png 55w,\n/static/4fcb6fd457156eb482b468fe4961c5db/de665/ca-2x.png 110w,\n/static/4fcb6fd457156eb482b468fe4961c5db/03475/ca-2x.png 220w,\n/static/4fcb6fd457156eb482b468fe4961c5db/3ea03/ca-2x.png 330w,\n/static/4fcb6fd457156eb482b468fe4961c5db/78b6c/ca-2x.png 440w,\n/static/4fcb6fd457156eb482b468fe4961c5db/c452e/ca-2x.png 2394w","sizes":"(max-width: 220px) 100vw, 220px"}}}}}}]},"allWordpressCategory":{"edges":[{"node":{"id":"15dfb607-d6eb-5d25-b2bf-3a5c4445d1dc","name":"Uncategorized","path":"/category/uncategorized/"}},{"node":{"id":"ba8e13dd-b42a-585f-8bb8-44db5826c7ab","name":"News","path":"/category/news/"}},{"node":{"id":"548d7021-7ab7-5b7f-b6cf-ecd62886cff6","name":"Software Updates","path":"/category/software-updates/"}},{"node":{"id":"3d8a8c3a-233e-5257-b70b-ca94cb2cdd9f","name":"Software Features","path":"/category/software-features/"}},{"node":{"id":"fcee48b0-12d5-5c57-a801-a28d1d6c0f3d","name":"Basics","path":"/category/basics/"}},{"node":{"id":"349e1216-4c20-50fd-84f7-ddd01a5a8763","name":"Personal Finance","path":"/category/personal-finance/"}},{"node":{"id":"14b646cb-6d4d-5064-b6b0-8d76eb844793","name":"Broker","path":"/category/broker/"}},{"node":{"id":"2582a05c-a4de-5f71-be3c-873ace1f9ea8","name":"Case Study","path":"/category/case-study/"}},{"node":{"id":"64bee5ed-c506-5373-9c07-e2adb091ccd7","name":"Investment Literacy","path":"/category/investment-literacy/"}}]}},"pageContext":{"categoryId":"15dfb607-d6eb-5d25-b2bf-3a5c4445d1dc","tag":"Uncategorized"}}}