Managing Diversified Portfolios Effectively with MProfit
There is much to look forward to about the future of the financial markets landscape in India. Household disposable income is on the rise, creating demand for avenues that generate high returns on invested wealth. AMFI data has shown that the number of Systematic Investment Plan (SIP) accounts added in the Jan-Jun 2018 period is […]
MProfit now supports LTCG calculations as per Grandfathering provision
The 2018 Indian Budget introduced a long-term capital gains tax of 10% on stocks and equity mutual funds exceeding Rs. 1 lakh. However, all gains until 31-Jan-2018 are grandfathered. This means that you will have to pay tax ONLY on the gain from the base of highest price on 31-Jan-2018. Grandfathering calculations get complex when […]
Grandfathering – New Capital Gains Tax Simplified
India’s 2018 Budget delivered by Finance Minister, Mr. Arun Jaitley proposed a long-term capital gains tax of 10% on stocks and equity mutual funds exceeding Rs. 1 lakh without allowing any benefit of indexation. However, as per the Budget, all gains until 31st January, 2018 will be grandfathered. According to Wikipedia, a grandfather clause is […]
MProfit supports import of CAMS consolidated account statement for all mutual fund schemes
Computer Age Management Services (CAMS) and Karvy are two leading Registrars who provide services to investors on behalf of mutual fund houses. Many mutual fund investors are not aware that CAMS provide consolidated account statement (CAS) for their entire family’s mutual fund transactions across all schemes including the ones managed by CAMS, Karvy and Franklin […]
Made in India – MProfit Review by Dr. Mahesh Docherla
As a physician, I have been dabbling in investments since 15 years but the problem has always been accounting and calculating tax estimates which my CA was reluctant to do. It was also tedious to take each contract note and entering every detail especially when using all the services of a institution like ICICIDIRECT. I […]
A resolution to receive a handsome financial reward
Happy New Year to everyone! Why not make a New Year’s resolution that will give you a handsome financial reward and is easy to achieve? Start using MProfit and effortlessly take care of portfolio management for your entire family or all your clients. MProfit’s comprehensive list of features as well as its best-in-class support have […]
New Cost Inflation Index & Capital Gains Reports for Gold Bonds
As declared in the Budget 2017, Finance Minister Mr. Arun Jaitley has made changes to the cost inflation provision and accordingly, new cost inflation index (CII) numbers used for calculating capital gains with indexation have been notified by the Central Board of Direct Taxes (CBDT). The base year for the cost inflation index has been […]
MProfit receives awards of "Budget Friendly" and "Customer's Choice"
SoftwareSuggest, one of India’s leading business software discovery and recommendation platforms, has given MProfit the awards of “Budget Friendly” and “Customer’s Choice”. We at MProfit are very proud of this achievement and would like to thank the entire MProfit team and all the stakeholders and especially our valued clients for helping us earn these awards. […]
Manage Sovereign Gold Bonds with MProfit
What are sovereign gold bonds? As part of the gold monetisation scheme launched by Prime Minister Narendra Modi in November 2015, sovereign gold bonds are issued by the Reserve Bank of India (RBI) on behalf of the government. They are a replacement for physical gold and are available in paper or demat form. Which sovereign […]
MProfit is ready with GST
The landscape of doing business in India has significantly changed in the last one year following two major events, demonetisation and the launch of the Goods & Services Tax (GST). Both measures are expected to have a lasting positive impact on the Indian economy. GST has come into effect on July 1, 2017 and is […]