Mprofit Portfolio Management Software 5.1 Crack
Janae Nowinski
With a loyal customer base in 300+ cities, MProfit uniquely provides SaaS offerings to both B2C and B2B segments. On the B2C side, MProfit helps investors, HNIs and family offices track consolidated investments for the entire family. On the B2B front, MProfit helps IFAs, sub-brokers, wealth managers and CAs manage diversified client portfolios and provide high quality reporting to their end clients.
I tried importing data from icici-direct. I need to manually map each and every script, which is a big pain. Again you need to manually add bonus/split/dividends, another big pain. I feel moneycontrol do a better job as compared to mprofit.
I found edelweiss provides different portfolio views in terms of management effectiveness, valuation, margins, growth etc. It was useful. Also they have good snapshot of how portfolio is performing against the input cost. Recently they even added the capability for adjustments for bonus/split. Also they have different capabilities like annualized returns, dividend received, taxation view etc.
@subash_nayak, do you think we can take out the money control data and just add the portfolio returns part manually? If that is possible, we just need to export the data once a year and then us a summary sheet to calculate and show the CAGRs.
This is my personal opinion and hence take it with a pinch of salt. Comparing our portfolio is like comparing metrics of individuals. Everyone has different priorities and requirements. It is better to not compare with other funds or investors. That could be the first and foremost risk. However we could look at long term returns and see if we match risk vs returns.
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.
MProfit app is a wonderful application to keep track of all sorts of investments, be it personal or business account. It is very useful for income tax calculation, portfolio generation, calculation of profit/loss. This app is very easy to use, no technical expertise is required. In case of technical problems I get generally prompt support through e-mail. Congratulations! MProfit team and keep it up.
I have been a Mprofit customer since last 3 years and had recently shifted to their cloud platform from desktop since I switched from a windows PC to a MacBook. The cloud platform is very well built with a clean UI, sleek modern looking dashboard and reports. I really liked the improved and fast functionalities like auto-import of investments from emails, ITR ready reports compatible with major tax filers, new asset allocation dashboard and improved speed of functioning.I manage the portfolios of all my family members and Mprofit has been a reliable and indispensable partner so far in this and with the new cloud platform they have taken it to the next level . Good going!!!Also I would like to add that the professionalism and quality of their support team is excellent. When I switched over from desktop to cloud and also in past when I had any issues, they have been super helpful and prompt in their responses. Kudos to the whole team.
I am using this software since 4 years. It is actually very easy to use and a very competent software. The customer support is actually incredible. They never differentiate between users of free and paid versions. Their current paid version also has a free cloud login where you can manage your portfolio on the go. Big thumbs up guys. Keep it up.
Liked the software. would recommend to other people. This software helped me a lot to manage my portfolio, and I have been using it regularly in six months. It is very easy to use and didn't give me any trouble. customer service was good.
I have been using MProfit since 2011 and I must say that it helps me save time in preparing capital gains report.Before I used to maintain an excel sheet with all my holdings and calculate First-in-First-Out using formulas. However that did not work for demergers, splits and other corporate actions. It required more time.Now with MProfit all that is history.MProfit also allows direct import of many of the contract notes, CAMS statement for automatic entry.A great software for someone with client accounts as different accounts can be maintained separately.However, I wish there are more things like able to get holding views by asset allocation, by sector/industry, some more analytics on P&L, portfolio valuation graph, etc. In short better reports and analytics. I hope that comes in future versions.
I am using MProfit since last 4 to 5 years and its very easy to calculate Capital Gain Tax and I can also know my profit/loss in my portfolio and my total family portfolio at any given point of time. Moreover, the MProfit team give very fast and accurate service whenever we require with regards to contract import, reports, etc. And because of this I have recommended many of my clients/ friends. Myself being a chartered accountant, I know how much time it takes if we calculate manually for recording in Income Tax computation statements. But with the use of this software, it has saved much of my time.
MProfit - A Great Financial Tool I am using the MProfit software for the past 6 years. Today I have downloaded the recently launched cloud version of MProfit 10 in my Laptop and the App in my IPad and spent a couple of hours on exploring the various features of the App and the Reports/Charts that could be generated from ICloud. Through the App, we are able to access the portfolio of the family and of members and could obtain the summary and transaction details of all assets and meaningful charts with simple touches on the screen. It is a wonderful milestone in MProfit for having introduced such a very user-friendly App. Due care has been taken for the requirements of the users. Designing of the App has been well thought of and implemented very appreciably. With more than three decades of exposure as a Banker and the feel of the customer expectations, I admire the dedication of MProfit to elevate the software to such an elite level and the concern they are exhibiting to the customer needs by rendering excellent support. MProfit has become an inevitable financial life tool. M.Pari Former Bank Executive.
I am using MProfit portfolio software to manage my portfolio for the last more than 10 years and it has helped me a lot in filing my IT returns particularly the capital gains tax. MProfit team is also quick in resolving any issues pertaining to the software and any reports. I am very much thankful to MProfit for the kind and valuable support.
I first heard of MProfit in 2008 or 2009 when I was an NRI and needed something that would help me keep track of my investments in India. I downloaded the trial version, and it took almost no time for me to realise that this is exactly what I needed and that no other software even came close to offering the features that M-Profit does. I am able to keep track of all my investments in Mutual Funds and Equity Shares, ULIPS and Bonds, with prices updated in real time with just a 15 minute time delay.I have been using it ever since and over the years Mprofit has only got better. While its free version offers all its basic features free of charge to small investors whose holding is less than 50 lakhs, its Pro version now also includes Futures & Options, as well as information on historical pricing of the asserts for advanced performance analysis. It also offers the ability to integrate accounting so you may not even need a separate accounting software.The program can generate a wide variety of reports from the data such as Asset or Category wise transactions, LT and ST Capital Gains, XIRR, Profit & Loss, etc. The reports can also be generated in the Income Tax Return Format so you can attach the same directly to your IT returns. The latest version of the software also includes data on grandfathering so that Capital Gains going forwards is accurately calculated.Its affordable price and advanced features makes it a product every serious investor should seriously consider acquiring for personal portfolio management.
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