Category: News

As part of our continuous effort to improve MProfit we have added several new reports and improved the layout of several existing reports. With our reports, you get a snapshot of your overall asset allocation and can analyze if you are over invested in a specific asset class, stock or mutual fund and then decide if you need to re-balance your portfolio.

New Reports:

Improved Layouts:

• XIRR (individual and group)
• Asset Allocation (individual and group)
• Group Holding

Video of New Features

If you would like to see a demo of the newest features, below is a YouTube video showing v4.2 in action.

How Do I Get The Update?

From the main menu select Help -> Check for updates. You will need to restart MProfit to proceed with the update.

Please make sure that you have internet connectivity during this process and that your antivirus software and/or firewall is not blocking the download.

As the financial year is ending, MProfit can make your life a bit easier when you file your taxes this year. We have created a brief video to show some of the reports that will be most useful when filing your taxes with the Income Tax Department.

As part of our continuous effort to improve MProfit we have added several new features based on customer feedback to MProfit v4.1. The two big features that were most requested have been added, a tax calculator and an automated backup feature. The feature list is below:

• Tax calculator
• Weekly/Monthly backup
• Improved help file
• Improved report layouts

The tax calculator allows you to estimate your taxes BEFORE selling a stock or mutual fund. It provides intraday, short-term and long-term tax calculations.

We have also added a weekly/monthly backup feature. MProfit will prompt you on a weekly or monthly basis (based on your settings) to backup your data to either a local hard drive, an external hard drive or a USB pen drive. This will allow you to always have a backup copy of your data in case of an emergency.

Lastly, this version fixes some minor bugs.

Video of New Features
If you would like to see a demo of the newest features, below is a YouTube video highlighting the new features in v4.1.

How Do I Get The Update?
Just restart MProfit and you will be prompted about the availability of v4.1. You will need to accept and install the update to enjoy the latest features of MProfit.

When you accept, the update will be downloaded and installed on your desktop. Please make sure that you have internet connectivity during this process and that your antivirus software and/or firewall is not blocking the download to allow the installation of the MProfit update.

Please send your feedback or queries to support@mprofit.in

At MProfit, we are constantly looking for ways to improve our support for customers.  The latest feature we have added is an online help desk (forums) which will allow you to search for any issues or problems you may be experiencing.  Of course, you can always email us at support@mprofit.in as well.

Our new online help desk is located at http://help.mprofit.in/

Take a look and let us know what you think.

After the successful launch of our commercial version 3.0, we are happy to announce the integration with Online Payment Gateway offered by one of the leading Indian company CCAvenue.  CCAvenue offers secure online payment gateway. The users can now purchase online one year subscription plan from our site http://www.mprofit.in/buy/.

After the payment is authorised, the Activation Key will be immediately sent to customer’s email address to activate the license for one year.

The payment can also be done by Cheque/DD. The activation key in this case will be sent once the payment is credited to our bank account. We would recommend that you take advantage of secure online payment mode. You can find all the information about Online Payment as well as payment through Cheque/DD on our site http://www.mprofit.in/buy/

The details of One Year Subscription Plan are as follows:

The charges are Rs.99 per Month (Payable yearly for all 12 months) + Rs. 300 (One time joining fees). This plan includes following services:

• License to use fully functional MProfit Software for one year
• Updates for end of the day BSE closing prices and daily MF NAVs
• Database updates (new addition of stocks and Mutual Funds and updates about company name change)
• Software updates for the addition of new features and reports as well as improvement in the software.
• Email support

The wait is finally over. We are happy to announce the availability of the commercial version 3.0 of MProfit Software. We sincerely appreciate the patience and support of all the users who have downloaded and used the pre-release version.

This is a 30 days trial version. Following features/functionalities have been added in this version.

• Right click menu for Edit/Delete in the transaction list
• Change period button on top of the transaction list
• Edit button on top of the transactions list
• License Activation feature under Help menu

During this 30 days trial period, you will be able to purchase MProfit 1 Year Subscription Plan. The purchase details (Online payment as well as payment through Cheque/DD) will be provided before the end of next week. Once you make the payment, the Activation Key will be sent to you by an email. Under Help menu, you will notice the option to activate the license. You need to insert this Activation Key and click the button ‘Activate License’. The software will be activated for 365 days.

The previous pre-release version users will get the message about the availability of the new version 3.0. You need to accept and allow the installation to enjoy the full benefits of MProfit. When you accept it, it will be downloaded and installed on your desktop. Please make sure that you have the internet connectivity during this process.

We have received an overwhelming response from many users around the country including smaller cities and towns. The MProfit team feels highly motivated and obliged by the encouraging response.

We have finalised the pricing of MProfit and have also extended the validity of the free pre-release version up to 31-Aug-2009. Users of previous versions will receive the new automatic update for the availability of version 2.43. The commercial launch will be announced in next few weeks.

As promised, we have decided to offer MProfit at a very attractive price. We have evaluated various pricing models and have also done our own survey. After reviewing several options, we have decided to charge Rs. 99/- per month (payable yearly for 12 months) + Rs. 300 (one time joining fees). This plan includes following services:

1) License to use fully functional MProfit Software for one year
2) Updates for end of the day BSE closing prices and daily MF NAVs
3) Database updates (new addition of stocks and Mutual Funds and updates about company name change)
4) Software Updates for the addition of new features and reports as well as improvement in the software.
5) Email support

We have adopted this pricing model by keeping individual investors in mind. I hope that most of the users would appreciate our low cost pricing plan.

We again thank all the users for their support.

This is a pre-release (beta) version and fully functional. You can use this version without any charge up to 31-Jul-2009. You will be able to use the same data, when we launch the commercial version. I hope that it will be very useful for everyone for calculating capital gains calculations for the financial year ending March 31, 2009. The pricing for the commercial version will be decided later and we can assure you that the pricing will be very attractive.

MProfit is a Desktop Portfolio Management Software for Indian Investors. It is also useful for Non Resident Indians. It is extremely easy to use and you can jump start using and managing your portfolios by going through ‘Getting Started’ section in User Manual. This is not a web based solution. We believe that most of the individuals would not like to store their personal financial data on web portals due to data theft and online security issues. MProfit stores your personal portfolios data on your PC. MProfit manages individual portfolio and family (group) portfolios and tracks the net worth of individual and group portfolios with the updated prices of stocks and MF.

MProfit has many more features and reports which are useful for Indian Investors. It provides Long term and Short term capital gain reports. It handles various corporate actions like Bonus, Split, Merger and De-merger. Capital gain reports are adjusted based on these actions as per the income tax rules. Apart from capital gains reports, you will explore many more features and reports while using MProfit.

One of the main features of MProfit is a Group portfolio. You can create multiple groups within your family. You can explore some of the interesting report like Asset Allocation, which will give you information about how your family wealth is diversified.

The closing values of BSE stocks and Mutual Fund NAVs are updated automatically through internet from our server when you start the application.

There are also two types of updates which we provide through internet,

1)     Database Updates (which are addition of newly listed stocks, Mutual Funds and Company Name Change updates)
2)     Software Updates (We keep improving the software functionality and keep adding new features & reports)

Please keep accepting these new updates to enjoy the full benefits of MProfit application. Please use the Backup feature to take regular backups of your MProfit data.

This is a pre-release (Beta) version and may need improvement. If you come across any bugs while using the software, please share the same with us so that we can keep improving the functionality and make MProfit software more robust.

Please click here to download User Manual to know about all the features of MProfit. Help is always available by pressing F1 while using MProfit.

Please send any feedback or query to support@mprofit.in and our support team will respond to your query.

MProfit – Desktop Portfolio Management Software is ready and available for download. This is a pre-release (Beta) version and fully functional. It is free up to 31-Jul-2009. You will be able to use the same data after the commercial launch. We are committed to enrich and improve MProfit with more user friendly features and functionality with the support and feedback of its users. I look forward to your feedback and suggestions.