Manage your family office with MProfit

The Indian family office

A family office is an organisation that manages investments and trusts for one or many high net-worth families. Family offices are of two types: single family offices (SFOs) and multi-family offices (MFOs). While families of high net-worth individuals (HNIs) often use services provided by wealth managers and private bankers, they often utilise their own in-house teams to manage investments. India has many large family offices including Azim Premji’s PremjiInvest, N. R. Narayana Murthy’s Catamaran and the Ambani Family Office.

A large number of family-run businesses have similar investing needs as large family offices. However, they usually do not use only a single entity for wealth management, relying instead on multiple financial advisors, stock brokers and private bankers. This poses challenges to decision-makers in the family when trying to adhere to the following portfolio management best-practices:

  • Aggregation of all investment transactions from multiple disparate statements
  • Tracking of portfolio performance across financial advisors as well as at a consolidated level
  • Calculation of capital gains for stocks, bonds, equity mutual funds and debt mutual funds (with & without indexation)
  • Accounting, which is often done separately resulting in duplication of effort

MProfit’s integrated portfolio management and accounting solution for family offices

Having devoted considerable time and resources to understanding the investment management challenges faced by Indian families, MProfit has perfected an integrated solution that addresses each challenge. Ever since we launched MProfit, the Indian family office has been central to our software and we now have many marquee family offices and family-run businesses as clients.

MProfit’s primary value-add is our grouping feature that allows users to aggregate portfolios across various entities/individuals into a single group view. This is particularly important to Indian families as they prefer to track and review the performance of the entire family’s consolidated portfolio. Additionally, we offer the following key functionality that has helped make MProfit a stand-out solution for large family offices as well as other family-run businesses:

  • Import of all financial transactions from single or consolidated files
  • Import support from over 2,300 different sources across digital contract notes, mutual fund statements and bank statements in various formats
  • Import support for various disparate formats such as PDF, HTML, Excel, CSV, DBF and Text
  • Ability to create and manage multiple family (group) portfolios, with the option to group across various combinations of individual portfolios
  • Comparison of performance returns across various financial advisors
  • Consolidated view of family net-worth
  • Capital Gains Reports for stocks, bonds, equity mutual funds and debt mutual funds (with & without indexation) (Read more here)
  • Annualised Return (XIRR) for any specific asset or asset category, both at the individual and family level
  • Holding Reports displaying detailed holdings for individual family members or the entire group
  • Asset Allocation Reports for individuals or the entire family
  • Due Date Reports for the entire family that track insurance premium payments, maturity dates and lock-in periods

Comments

  1. Narasinganaik Ravikumar says:

    MProfit is a very good guider for market and investment portfolio, without any worry and botheration about the cheating by third person

  2. Narasinganaik Ravikumar says:

    I want to take all assistance and help from MProft.com

  3. Thank you for your kind words

  4. Please email us at support@mprofit.in with your contact details. Our support team will call you for further assistance

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