At MProfit we started 2012 with a bang, with the launch of latest version of MProfit Investor (v9.0). But in even bigger news is we launched our second product MProfit Advisor. MProfit Advisor was designed for companies, family offices, HNIs, CFPs, independent financial advisors (IFAs), insurance advisors, investment advisors and sub-brokers.

What’s new in MProfit Investor v9.0?
We have rebuilt MProfit Investor (download) to take advantage of the many new features we have planned for 2012 such as the ability to sync your data with advisors. In addition, you will be able to view your data on tablets and mobile phones (Android, iOS, Windows).

Some of the features you will notice right away:

• Bigger font size of the summary screen
• Many more import options have been added
• Capital gains report with or without indexation for debt mutual funds and FMPs

MProfit Advisor commercially available

Since the launch of our first product MProfit Investor we were receiving many requests from financial advisors, HNIs and family offices.  In 2011, we decided it was time to start working on a new product based on the feedback and what you see today in MProfit Advisor (download) is a result of  it.

MProfit Advisor we designed to be easy to use and cost effective. MProfit Advisor allows you to manage 100′s of portfolios, put your logo on reports, generate overall AUM reports and many other features. In the near future, advisors will be able to share data with their clients in an easy and secure manner.  At MProfit, 2012 is the year we plan to make managing money a very simple task.

Click for a summary of the features in MProfit Investor and MProfit Advisor.

Features of PPF investments include:

- 100% secured investment, offered by Government of India

- Tax deduction under section 80C
- 8% per annum tax free return
- Withdrawal up to 50% of your balance before the 4 years of the year of withdrawal
- After the end of 15 year period (actually 16 years), the PPF account can be extended for another block of 5 years, indefinitely.
- In an event of bankruptcy, no one can touch your PPF balance, not even Government of India

Below is a quick introduction of how to enter your PPF/EPFs and the type of reports you can generate with it. We show you an existing PPF, how to enter a new PPF and reports you can create to view your PPF/EPF investments.

Below is a quick introduction of how to enter your PPF/EPFs and the type of reports you can generate with it. We show you an existing PPF, how to enter a new PPF and reports you can create to view your PPF/EPF investments.

Below is a quick introduction of how to enter your ULIPs and the type of reports you can generate with it.

Customers ask why we don’t automatically update the prices of ULIP products. The reason is because when you have a ULIP the expenses get deducted by selling some of your units. So, if we automatically updated the prices but you forget to update the quantity then you would have an incorrect amount for the total value. Hence, we recommend you update the policy value based on what your ULIP providers sends to you via mail. In addition, ULIPs are very long term products (15-20 years) so to track them on a daily or weekly basis is not really required.

If you use CAMS then you can request your data via an Excel file. Click here for more information.

If you use Karvy then you can login to your account and automatically import the data into MProfit. Click here for information.

Once your data is imported into MProfit you can print asset allocation reports for ALL your financial holdings such as stock, property, gold, FD, Insurance and more. You also get a daily update on all your holdings from a single screen which makes it very easy to track all your assets with MProfit.

The Grouping feature is very powerful when you create reports within MProfit. One example is the Group Asset Allocation report for Stocks, with this report you can easily see where you major stock holdings are for your entire family. Without the Grouping feature you would have to manually figure out each individual’s stock allocation and the add them together in Excel…not very efficient or easy. With MProfit, it takes just one click to generate the report.

Overall, MProfit is actually a Family Office software solution for Indian households and our easy to use interface is the perfect way to manage all your assets. Other family (group) features:

• Consolidated view of entire family (group) networth
• Create and manage multiple family (group) portfolios in various combinations of your individual portfolios
• Group Annualised Return (XIRR) for any asset, asset category or family portfolio
• Group Holding report which gives you detailed holdings for group members
• Asset Allocation report for the entire family (group)
• Due Date report for the entire family (group) for insurance premium payment, maturity and lock-in

We could tell you more, but it’s probably better if you just watch the YouTube clip below:

MProfit provides various simplified reports for capital gains calculations. MProfit follows the First In First Out (FIFO) method for calculating capital gains. MProfit provides a summary as well as transaction wise capital gains reports. Capital gains reports are listed separately for equity mutual funds and debt mutual funds.

MProfit calculates and adjusts capital gains calculations based on corporate actions such as merger, de-merger and split and bonus.

Below are several articles which explain in detail how MProfit handles capital gains calculations.

Capital Gain Calculations for Shares (Stocks)
http://www.mprofit.in/2009/07/capital-gain-calculations-for-shares-stocks/

Capital Gain Calculations for Mutual Funds (MF)
http://www.mprofit.in/2009/07/capital-gain-calculations-for-mutual-funds-mf/

A video tutorial on Capital Gains Reports
http://www.mprofit.in/2010/03/capital-gains-reports/

Lastly, MProfit not only calculates capital gains post sale, MProfit has a feature called Tax Calculator.  The Tax Calculator can help you determine your short-term and long-term capital gains and the amount of tax payable before you decide to sell your stocks or mutual funds.

We have 5 main categories for reports: Analytical, Transaction, Capital Gains, Accounts and Miscellaneous.

We could tell you more, but it’s probably better if you just watch the YouTube clip below:

There are many product that manage Mutual Funds, but none are as powerful as MProfit. Whether you have equity or debt mutual funds…we can manage it. You can choose from the 1000s of mutual funds, Exchange Traded Funds (ETFs) and Fixed Maturity Plans (FMPs) to manage. With our unique Group view, you can aggregate and view your entire family’s portfolio. Some of the features are below:

• NAVs are automatically updated via the internet and reflected in your mutual funds holdings
• Capital Gain tax reports are printed separately for Equity MF and Debt MF
• Transactions in MF are categorised as subscription (buy), redemption (sale), dividend reinvestment and bonus units
• Provision for details like folio number, lock-in period, agent name and reminder alert for lock-in period
• Record for dividend pay-out for MFs
• Balloon notification displays folio number, lock-in period and Agent name (when your mouse is rolled over the MF name)
• Tax Calculator to help identify short-term and long-term gain and calculate the tax liability before you redeem (sell) MF units
• Generate past SIP entries through one form
• MF holdings can be viewed alphabetically or by current values
• Group (Family) portfolio will give you the consolidated view your entire family’s MF holdings. You can view the details of how many family members are holding one particular fund with details like quantity, purchase value and current value.

Reports

Wait, there is more.  Where MProfit really shines is it’s reporting engine (it’s like a Ferrari!). The Group (Family) portfolio reports such as MF portfolio summary, asset allocation in mutual funds, group holding reports and annualised returns (XIRR) are very important reports to help you make the right investment decisions.  Overall, the report feature list is quite impressive:

• MF portfolio pummary with overall gain percentage gain
• Asset allocation with pie chart showing percent holding with respect to MF assets and overall assets
• Annualised return (XIRR) reports for individual scheme as well as for all your MFs
• Realised and unrealised gain for MF schemes
• Various transaction reports such as Date wise, scheme wise as well as buy, sale and dividend re-investment transactions
• Short term capital gain reports for equity and debt MFs in various formats
• Closing balance report for MFs to reconcile with books of accounts

Go ahead and download a FREE 30 day trial and see for yourself.