[Mprofit Portfolio Management Software 5.1 Crack
Julieann Rohde
MProfit plans to fast-track the deployment of new initiatives with the incoming funding. The fintech startup aims to roll out performance reporting, tracking for international assets and API integrations.
Founded by Kiran Shah, Manish Jain, Pallav Bhatt, Ashin Shah and Atik Shah, the portfolio management platform allows users to aggregate their investment portfolios across different asset classes and brokers.
MProfit claims to have support for 700+ stockbrokers for data import, along with the ability to read Mutual Fund CAS statements for automated data import. The platform can import files across formats including PDF, Excel, HTML, CSV, TXT and DBF.
Mprofit is a portfolio management and accounting software. The company which was founded by Kiran Shah, Pallav Bhatt and Manish Jain, is providing a unified solution for the management of investments, accounting and tax returns. This start-up caters to the entire investing community, including Investors, Traders, HNIs, Family Offices, Financial Advisors, Stock brokers and CAs.
MProfit is an easy to use portfolio management and accounting software catered for use by investors, financial advisors, family offices, HNIs and businesses to efficiently manage all of their financial assets using a single platform. These financial assets include anything from stocks and mutual funds to bonds, FDs, Insurance and ULIPs, among others. MProfit is the only available software that helps manage and consolidate disparate asset classes, in addition to providing a comprehensive accounting module that is closely integrated with its portfolio management solution. Accounting ledgers are automatically created from imported transactions, thereby eliminating the duplicate work of entering every transaction into a separate accounting module. This helps save users a significant amount of time.
Individual investors, traders and family offices use MProfit to manage their investment portfolios and to prepare P&L statements and balance sheets using the integrated MProfit Accounting module. MProfit generates capital gains reports as per income tax rules even after corporate actions, which is an especially useful feature for this category of users.
Being investors ourselves, we had previously undergone the tedious process of managing our investments using complex excel sheets to generate XIRR and capital gains reports. We also had to manually enter the same details again into separate accounting software. The entire process was very tedious, time-consuming and error-prone. We realised that all investors would be facing similar problems and if we were able to automate this process using a unified portfolio management and accounting solution, investors would be able to save a significant amount of time, which could be devoted to more productive tasks such as researching new investments. At the time, we looked everywhere for a software like Quicken in the US, that could efficiently and in a user-friendly manner, manage investments across asset classes. Unable to find any such single solution in India, we saw an opportunity to build it ourselves.
We at MProfit embrace competition. There are a few players in this area that provide solutions that somewhat compete with us. Some are good at managing only one or two asset classes and do not include accounting capabilities. MProfit is the only software that manages all asset classes including F&O and seamlessly transfers all investment data to its accounting module.
MProfit caters to clients of the entire investing community, including Investors, Traders, HNIs, Family Offices, Financial Advisors, Stock brokers and CAs. MProfit has its clients spread across India from metros to smaller cities. In particular, MProfit has an especially large presence in cities like Mumbai, Delhi, Chennai, Bangalore, Pune and Ahmedabad.
We keep improving and adding new features to MProfit based on feedback from our clients. We recently released a major update through which MProfit has begun supporting live bond prices and capital gains for traded bonds. We have also added a few important advanced reports to this version.
MProfit was started by three co-founders, Kiran Shah, Pallav Bhatt and Manish Jain. Kiran is the CEO, Pallav is the CTO and Manish is the VP of Business Development at MProfit. All three co-founders have been involved in multiple start-ups over the past 20 years. The biggest motivation for us has been a desire to create a best-in-class product, deliver world class support and provide a phenomenal experience to our clients.
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"It is a product to assume command and track monetary bookkeeping from the place of financial backer vita, causes an assortment of costs of resources in which you to have contributed, permits you to maintain an exact control in the event of review and duty installment"
"As a component of our nonstop work to further develop MProfit we have added a few new elements in view of client criticism to MProfit v4.1. The two major highlights that were most mentioned have been added, a duty mini-computer and a mechanized reinforcement include. The element list is beneath:Charge adding machineWeek after week/Month to month reinforcementFurther developed help recordFurther developed report designsThe expense number cruncher permits you to gauge your charges Prior to selling a stock or shared reserve. It gives intraday, present moment and long haul charge estimations.We have likewise added a week by week/month to month reinforcement highlight. MProfit will incite you on a week after week or month to month premise (in view of your settings) to reinforcement your information to either a nearby hard drive, an outside hard drive or a USB pen drive. This will permit you to constantly have a reinforcement duplicate of your information in the event of a crisis.Finally, this adaptation fixes a few minor bugs."
MProfit offers tech answers for financial backers and speculation experts to oversee multi-resource ventures. MProfit endeavors to dispense with the requirement for problematic apparatuses and lumbering calculation sheets that financial backers frequently depend on for manual passage and investigation of information.
I am a Financial Advisor and have been using their Software MProfit Cloud for Equity Market Investments tracking - I must say it's easy to use, and their client-centric approach and servicing have been simply outstanding.
Using it for the last several months, Pro Version helped us as it gives Reports in Income Tax Format and Grandfather clause. This service has so much to offer that we are exploring it every few weeks and finding something we can use for accounting, analysis, and keeping the tab on what is happening with NSDL monthly report. Their Support staff is excellent, and they usually get back in 24 hours or so. They guide us thru the Anydesk tool. This organization is highly responsible. We love this MPro software service.
It has raised $2 million in a single round of funding. On January 18, 2023, Rainmatter Technology raised series-round funds in a venture. Other investors in Mprofit include Auxano, Gruhas Proptech, Enam Holdings, and Samarthya Investment Advisors, but the amount of funds invested is not disclosed.
MProfit identified the problem that Indian investors were facing: a lack of an effective investment management solution. Investors have traditionally had to deal with the time-consuming task of manually maintaining their financial data using outdated tools and intricate spreadsheets. This method was not only time-consuming but also prone to mistakes. MProfit created MProfit, a software application that addresses the needs of investors and wealth professionals, in response to the challenges they face. The software automates and simplifies complex portfolio management tasks.
MProfit, founded by Kiran Shah, Manish Jain, Pallav Bhatt, Ashin Shah, and Atik Shah, allows users to pool their investment portfolios. Rainmatter, Enam, Gruhas, Auxano Capital, and Samarthya Investment Advisors all participated in the round. The fintech startup intends to release new features such as performance reporting, international asset tracking, and API integrations. MProfit, a Mumbai-based portfolio management startup, has raised approximately $2 million in its first round of funding since its inception in 2009.2009.The software is free for investors with portfolios worth less than INR 50 lakh, and the cheapest paid plan starts at INR 200 per month for investors with portfolios worth between INR 50 lakh and INR 1 crore.
I believe that this might be something a few others here might be worrying about and thought a thread to aggregate all info/knowledge in search of a google finance alternate will be useful. And if people are not using Google finance, I would be interested in knowing what they were using in the first place.
I am also looking for a similar tool. One additional feature which I am yet to find in any of the current similar tool is the ability to have a chart tracking of how the portfolio has performed over a timeline of different time frames.
@stockpicker123 I am using portfolio tracking tool of moneycontrol.com site and i found it adequate for my needs. It could be fulfilling most of the attributes you are looking.for. I have not tried any other tool, and would love to hear the experience of other members who are using other portfolio tracking tools.
I use Moneycontrol, Economictimes and Marketsmojo.com You can create multiple portfolios in all three of them and Marketsmojo shows you the performance of your portfolio over different time period and also compared the same to a composite index benchmark.
Click Here to access my google spreadsheet. This is not created by me but I have modified it completely to make it work for me. Frankly, I dont remember the source otherwise I would give full credit to them.
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