Blog - News

The new MProfit reviewed

Early reviews for the new MProfit beta version are in, and our users are already loving our new Cloud and Mobile applications. The below feedback has been provided by longtime MProfit client, M. Pari. We are thankful for having such a loyal & dedicated user base! “MProfit – A Great Financial Tool Today I have […]

4 May, 2019
New MProfit Cloud & Mobile Apps

We are happy to announce that a new version of MProfit is now available in Beta. This new update comes packaged with the Phase 1 launch of our much awaited MProfit Cloud platform for Free & Paid Users. What this means for you: With MProfit 10, you will now be able to manage your investments […]

16 April, 2019
MProfit makes Portfolio Management simple for Zerodha clients

A pioneer of the “discount broking” model in India, Zerodha has established itself as India’s biggest stock broker by active retail clients, and the biggest by trading volumes on India’s top stock exchanges. Over 1 million clients actively trade with Zerodha every day, contributing to over 10% of Indian retail trading volume. Differentiated by its […]

23 January, 2019
IN FOCUS: Key developments in Mutual Funds

At a time when the Indian Mutual Fund (MF) industry is celebrating 25 golden years of existence, we are witnessing important developments in the landscape, some impacted by SEBI while others fuelled by changes in the broader economy. Here’s what you as an investor need to be aware of: Expense reduction in MFs To pass […]

9 October, 2018
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 […]

28 August, 2018
MProfit now supports long-term capital gain 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 […]

1 June, 2018
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 […]

10 February, 2018
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 […]

19 January, 2018
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 […]

5 January, 2018
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 […]

2 January, 2018
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 […]

13 October, 2017
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. […]

30 September, 2017
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 […]

1 August, 2017
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 […]

7 July, 2017
MProfit Review by Nooresh Merani

One of our users, Nooresh Merani has written an in-depth review of MProfit on his website. “This is one of the software I have been using for the last few years and have found it very simple and effective to use for tracking an equity portfolio. But i believe it has a lot of features […]

24 June, 2017
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 […]

24 May, 2017
MProfit, a very reliable and user friendly solution – Sendhil Madhivathanan, PenguWIN Wealth Management Consulting

PenguWIN® Wealth Management Consulting and PenguWIN Investment Services are professionally managed firms headed by Sendhil Madhivathanan and Sathya Sendhil. They have been using MProfit Advisor to manage clients’ portfolios for the past three years. Here is Sendhil’s review about MProfit: “I have been using the 200 users Advisor Version of MProfit for close to 3 […]

2 May, 2017
Import your Bank Statements with MProfit

MProfit offers several features to help investors better manage their investments. In addition, MProfit also offers an integrated accounting module that auto-creates accounting vouchers and ledgers from investment transactions. This helps investors quickly and effortlessly complete preparation of an entire year’s accounts. MProfit’s accounting module has been very popular and we have been continually enhancing […]

6 April, 2017
February Newsletter

MProfit wishes you a prosperous 2017! 2016 has been quite a year to remember not because of the US elections, but because of what else happened that day… the demonetization of the Rs. 500 and Rs. 1000 rupee notes. Within hours of the announcement Prime Minister made it impossible to use large notes. It was […]

10 February, 2017
New Online Help Desk

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 […]

7 December, 2016
New v9.5 released

Last week we released v9.5 of MProfit which packs many new features and fixed several older issues. Below is a complete list of all the new features, reports and enhancements. New Features – Create Mark to Market profit/loss in F&O which can be reconciled with broker’s ledger [Click to learn more] – Settlement of all […]

23 September, 2016
10 Lucky Winners from the Finbridge Expo

This past weekend (Feb 6-7) MProfit was an exhibitor at the Finbridge Expo in Navi Mumbai. Finbridge is a financial services and technologies expo, this was the 2nd year that the event was held. The expo was a great way for existing customer of MProfit to meet the team. In addition, it was a way for […]

9 February, 2016
Yet Another Update to v9.4

Today, we released an update to v9.4 of MProfit although the version number has stayed the same many new features were added to v9.4 (1013.01): – Android App (Beta) – You can receive the data from your advisor or you can view the same data on your phone. More information via the blog post. – Improvement in […]

5 February, 2015
Beta launch of the MProfit Android app

Yes, it’s finally here the much awaited MProfit Android app. Our most requested feature over the past 12 months has been for mobile apps – Google Android and Apple iOS.  We decided to launch our beta Android app first and then focus on the iOS version in the future. For the Android app the team […]

27 November, 2014
Updated v9.4 released

Today, we released an update to v9.4 of MProfit although the version number has stayed the same many new features were added. v9.4 (1013.007) contains all the goodies mentioned below: – Import of other ledgers in Accounting (if you have any bank ledgers you would like added please email them to us at support@mprofit.in and […]

18 November, 2014
Listed on Snapdeal

Everyone is talking about the e-commerce revolution and at MProfit we are no different. We have started the process to get listed on all major portals – Amazon.in, Flipkart and Snapdeal. We are proud to announce that starting today you can purchase MProfit on Snapdeal at a discounted price. To order MProfit on Snapdeal, click […]

1 November, 2014
New version 9.4 released…

We have just released the latest version of MProfit and as usual has many new features that were requested by our users. Some of the new features: – Undo last import – many times people want to delete the last imported transactions – Bulk corporate actions – dividend, bonus, split and merger can be applied […]

30 July, 2014
March Newsletter: Financial Year End

Financial Year End Since it’s March, we are at the end of the current financial year. It is time to calculate your capital gains as well F&O trading profit/loss. With MProfit, it’s very easy to import the contract notes and quickly calculate your intra-day, short-term and long-term capital gains as well as F&O profit/loss. In […]

19 March, 2014
MProfit Review From Atul Karmarkar

One of our users Atul Karmarkar has written a very in-depth review of MProfit and other portfolio management tools on his blog. A year ago, I’d tried MProfit Portfolio Management – it was then available on a trial basis, after which one had to pay. I liked it, but wasn’t sure about paying for something that MS […]

18 February, 2014
New update for 2014 – Happy New Years to you!

Lately we have been flooded with new feature requests. As many of you know we listen to all requests and then the team decides when and if the feature is implemented into MProfit. One of the most requested features over the past year has been the ability to import many contract notes at once. So […]

8 January, 2014
MProfit Accounting Module has Arrived with v9.3

With the release of version 9.3, MProfit has introduced an accounting module which provides seamless integration with the portfolio management section (PMS). The Journal vouchers, payment and receipt voucher entries are auto-generated from stocks, mutual funds and F&O transactions and posted in their respective ledger accounts. Previously, customers would maintain transactions in MProfit and also […]

11 October, 2013
How To Grow Your Advisory Practice

DSP BlackRock recently released an eBook for their mutual fund advisors. The eBook was written by the team of Manish Chauhan and Nandish Desi of JagoAdvisor and JagoInvestor fame.  It’s a great guide for independent financial advisors (IFA’s) to reference and see how they can grow their practice. The eBook is broken into 10 sections […]

28 February, 2013
MProfit Investor is now FREE

As of today, MProfit Investor is now FREE,  the only limit is that MProfit Investor can manage an invested amount of up to Rs. 50 lakhs. Other than that you can use all the features of MProfit Investor for as long as you like and never have to pay for it. Need to manage your families investments? […]

1 February, 2013
MProfit v9.1.5 now supports PDF contract notes

MProfit now allows you to import your PDF contract notes directly into MProfit even if they have a password. Some of the brokers we support starting today include: HDFC, ICICI Direct, Indiabulls, India Infoline, JM Financial, Motilal Oswal, Reliance Securities and SBI Caps. We also support the Consolidated Account Statement (CAS) for mutual funds from […]

2 November, 2012
The Startup Guide for IFAs

At MProfit we meet and talk with a wide variety of advisors and many have the same issues and ask the same questions. We could have created an FAQ page but decided it might be better to create a PDF document of the issues that advisors face when dealing with technology. The Startup Guide for […]

7 April, 2012
Advisor and Investor 9.0 released

Happy New Years! If you have noticed we have been quite silent on this blog over the past 5-6 months, mainly because the entire team was working towards a very busy 2012. At MProfit we started 2012 with a bang, with the launch of latest version of MProfit Investor (v9.0). But in even bigger news […]

2 January, 2012
MProfit v5.5 launched

The latest version 5.5 is available now!  Below are a couple highlights of this release: 1. Updated XIRR Report: Income column now includes only Income received as Pay-out. All dividend reinvestment and cumulative income are added in Current Value. 2. Import – We have added many more brokers to allow importing of contract notes from […]

26 July, 2011
MProfit v5.4 launched

The latest version 5.4 is available now!  Below are 4 highlights of this release: 1. As the financial year of 2010-11 has been closed, we have improved the Capital Gain Summary Report based on requests from many users. The report now includes period-wise capital gains as required when filing your tax return. The period includes […]

31 March, 2011
Moneylife features MProfit

Moneylife Magazine recently did a feature story on the various tools available to manage your money. Moneylife is a leading personal finance magazine that was started by Debashis Basu and Sucheta Dalal, they provide excellent common sense advice about money. Sucheta Dalal is an award-winning business journalist and author of several books including “The Scam: […]

3 August, 2010
Capital Gains Reports

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.

8 March, 2010
MProfit version 4.1 released

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 […]

16 February, 2010
Payment Gateway Integration

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 […]

3 September, 2009
MProfit Software – Commercial Version 3.0 Released

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 […]

29 August, 2009
Price Announcement and Extention of Validity of Pre-release Version

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 […]

26 July, 2009
More About Pre-Release Version

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 […]

2 May, 2009
MProfit – Desktop Portfolio Management Software – Pre-Release Version Launched

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.

27 April, 2009