Comments on: More About Pre-Release Version

By: MProfit Support

MProfit Support — Thu, 23 Jul 2009 17:15:13 +0000

Thanks a lot for positive feedback.

The registered (commercial version) will be announced in next few weeks. You can continue to use this free version till the commercial launch and you will be able to use the same data when we launch the commercial version. The current free version will be extended for some more time so that users can purchase the commercial version in time.

By: G.Prakash

G.Prakash — Thu, 23 Jul 2009 01:21:29 +0000

Looks interesting
How to register? is not mentioned

By: MProfit Support

MProfit Support — Sat, 11 Jul 2009 10:19:12 +0000

1) Exchange Traded Funds (ETFs) are already included in MProfit under MF (Mutual Fund) category. ETF falls under Debt MF category. Capital gain calculations of ETFs are calculated same as Debt MF. You can create ETF from a new MF scheme from the available system list. Assign it as Debt MF. It is a one time process. Once you create the ETF scheme, add all your buy and sell transactions under this scheme. The daily price of ETF(NAV) will be updated through the internet. It does not matter if you buy/sell ETF through NSE or through Mutual Fund House. ETF NAVs provided by MF houses should be very similar to the prices of NSE.

ETF cannot be added to the Stock category because capital gain calculations are different for Shares and ETF.

2) You need to create Debentures/Bonds under Bond category. They are not included in Stock category as their classification is not falling under Stocks(Equity) category. This is important so as to give you the correct capital gain reports and asset allocation reports.

By: paritosh

paritosh — Sat, 11 Jul 2009 05:54:35 +0000

EXCHANGE TRADED FUND NOT FOUND IN STOCKS
LISTED DEBENTURES NOT FOUND IN STOCKS

By: MProfit Support

MProfit Support — Sun, 05 Jul 2009 08:50:17 +0000

Thank you for the encouraging response.
Intraday trades are separately managed for calculations of Intraday profit/loss. For e.g. when you Buy 200 and sell 100 on the same day, this sale of 100 shares will be treated as intraday and balance 100 buy will be added to your portfolio. Similarly, when you buy 100 and sell 200 on one particular day, sale of 100 out of 200 will be considered as intraday sale and gain/loss on another balance 100 will be calculated as short term or long term gain based on the purchase date. We follow First In First Out rule for calculating capital gain calculations as per income tax rules.

By: Shobharam Dhama

Shobharam Dhama — Sun, 05 Jul 2009 06:22:16 +0000

I have gone thu the main features of MPROFIT. Congratulations for developing this very user friendly long awaited portfolio management software for indian investors.

Can you please tell me whether or not Intraday trades are seperately managed or merged in aggregate with the delivery trades?