In today’s fast-paced world, securing your child’s financial future is more important than ever. Understanding this need, the Government of India has introduced NPS Vatsalya, an initiative to provide financial security for your minor child. This scheme offers parents and guardians a reliable way to build a strong financial foundation for their children, ensuring they […]

The Indian Government has expanded the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) to cover all citizens aged 70 and above. This scheme provides essential health coverage, offering financial protection against high medical expenses for senior citizens. In this blog, we will discuss the key features, eligibility criteria, and other essential aspects of the […]

In the world of investing, stock buybacks often spark curiosity and debate. But what exactly is a buyback, and why do companies choose this route? More importantly, how does it impact you as an investor when it comes to taxes? In this first episode of our Stock Market Decoded series, we’ll explore what stock buybacks […]

The Reserve Bank of India (RBI) has just announced a 20-day window for the premature redemption of Sovereign Gold Bonds (SGBs). This limited-time opportunity enables eligible bondholders to redeem their SGBs before maturity, providing flexibility for those who may require liquidity or wish to take advantage of current gold prices. In this blog, we’ll explore: […]

In today’s world, critical illnesses such as cancer, heart disease, and renal disease are on the rise, affecting more lives than ever before. While health insurance plays a crucial role in covering medical expenses, it might not be enough to safeguard you against the financial burdens that come with severe health conditions. This is where […]

Welcome back to our Insurance Analyser Series! In this episode, we’re diving deep into the world of Term Life Insurance Riders. If you’re exploring term plans, you know there’s no shortage of riders and customizations. But with so many options, how do you decide which ones are right for you? Imagine being able to tailor […]

Planning for retirement can feel overwhelming, but the National Pension Scheme (NPS) makes it simpler and more rewarding. This essential retirement product is designed to help you build a substantial pension fund, ensuring financial security in your golden years. The NPS stands out for its flexibility, tax benefits, and disciplined approach to saving. Whether you’re […]

Life insurance products come in many variations, each catering to different needs and goals. Term Life Insurance stands out as a fundamental protection product, offering essential coverage for life’s uncertainties. In this comprehensive guide, we delve into the intricacies of Term Plans, what they are, why you need them, and how to choose the right […]

Welcome to another edition of Taxation Simplified! As tax filing season approaches, investors must understand how their gains across various asset classes will be taxed. Whether you’re dealing with equity, debt, mutual funds, gold bonds, real estate, or specialized instruments like REITs and InvITs, each asset class has unique tax implications that can significantly impact […]

In today’s corporate world, many employees are offered a comforting safety net: a corporate health insurance plan. With a coverage limit of ₹5 lakh from your employer, you might wonder, “Is personal health insurance really necessary?” It’s a valid question, especially when your job seemingly provides ample protection against medical emergencies. However, delving deeper into […]

Welcome to the first instalment of our “Taxation Simplified” series, where we break down the complexities of tax filing to help you make informed financial decisions. As the tax filing season for FY24 approaches, taxpayers are once again faced with a critical choice: should you stick with the old tax regime or switch to the […]

Health insurance portability is a valuable feature that allows individuals to switch between health insurance providers or policies without losing their accrued benefits. In this article, we’ll explore health insurance portability, its associated benefits and considerations, and when and how to use it. What is Health Insurance Portability? Imagine purchasing a health insurance policy only […]

Welcome to the Insurance Analyser Series – Episode 3. Today, we delve into a critical aspect of health insurance that often goes unnoticed until a claim is made: the room rent limit. Understanding this aspect is essential to grasp how it could impact your claims. What is Room Rent Limit? Every health insurance plan has […]

Health insurance is an essential investment for anyone concerned about covering unforeseen medical expenses. Yet, the world of health insurance can be complex, with policies varying significantly in their terms and conditions. In this second episode of our Insurance Analyzer Series, we’ll break down the complexities of health insurance policies into a simple checklist to […]

Insurance is not merely a product; it’s a crucial component of financial planning that safeguards against unforeseen risks to life and health. In this inaugural episode of our Insurance Analyzer Series, we delve into the fundamentals of insurance, shedding light on its various types and their significance in the context of India’s healthcare landscape. What […]

Are you a senior citizen looking for a reliable avenue to invest your savings and secure regular income? Look no further than the Senior Citizen Savings Scheme (SCSS). This small savings scheme tailored for retirees offers competitive interest rates and a host of benefits to help you maximize your savings. Let’s delve into the details […]

In the realm of investments, there exists a lesser-known avenue known as Alternate Investment Funds (AIFs). Similar to Mutual Funds, AIFs focus on unconventional investment opportunities such as Private Equity, Venture Capital, Hedge Funds, Real Estate, and more. In this article, we delve into the essentials of AIFs in India, shedding light on their types, […]

Recently, there has been a significant development in credit card billing cycles that directly affects consumers. Effective from 7th March 2024, the Reserve Bank of India (RBI) has mandated banks to permit credit cardholders to adjust their billing cycles more than once. This alteration provides consumers with greater flexibility in managing their credit cycles and […]

Have you ever wondered about investment opportunities beyond stocks and bonds? Infrastructure Investment Trusts, commonly known as InvITs, provide an alternative investment avenue with regular dividend yield and diversification benefits. In this article, we’ll explore InvITs, their lifecycle journey, benefits, shortcomings, and tax implications. What are InvITs? Infrastructure Investment Trusts (InvITs) are like mutual funds […]

Real Estate Investment Trusts (REITs) offer investors a unique opportunity to participate in the real estate market without directly owning properties. Similar to mutual funds, REITs pool funds from multiple investors to invest in income-generating real estate assets. This makes real estate accessible at lower entry costs and gives way for easy redemption. This article […]

The Mutual Fund Factsheet houses crucial details about the scheme, encompassing its objectives, portfolio, risks, returns, & more. In this blog, we delve into the key indicators in the MF Factsheet that shed insights into debt and related mutual fund schemes. The Mutual Fund Factsheet includes quantitative parameters that provide statistical insights into a mutual […]

Tax Loss Harvesting is a strategic approach to set off capital gains earned on stocks & equity mutual funds with capital losses. This ultimately reduces your tax outgo! The strategy involves selling investments with unrealised losses to offset capital gains realised during the financial year. Let’s see the math behind Tax Loss Harvesting! Assume Rahul […]

Ever wondered how Debt Funds function? What exactly are Short Duration Funds or Dynamic Funds?

In this blog, we’ll delve into Debt Mutual Funds, their different types and how they serve as an alternative to traditional fixed deposits.

Goal-based investing involves aligning your investment strategy with predefined goals, such as tax saving, children’s education or retirement planning. In this blog, we delve into how mutual funds can help you achieve your financial goals. What are Goal-based Mutual Funds? Some mutual fund schemes are designed to meet specific financial goals like tax saving, children’s […]

Portfolio Management Services (PMS) are emerging as a distinguished avenue for high-networth individuals (HNIs) looking for customised investment solutions. In this blog, we delve into PMS, their investment philosophy, and things to keep in mind while investing in PMS products. What are Portfolio Management Services? PMS are professional investment advisory services, with a minimum ticket […]

Different types of mutual funds offer an array of investment opportunities catering to diverse financial goals and risk appetites. In this blog, we delve into what are Sectoral Funds and the advantages & risks of investing in them. What are Sectoral/ Thematic Funds? They are a type of equity mutual funds that focus on companies […]

The Indian investment landscape brings forth opportunities for various investor categories with diverse risk appetites & financial goals. Here’s a blog that delves into alternative investment avenues for High-Net-Worth Individuals (HNIs). Portfolio Management Services (PMS) PMS offer tailored professional services to manage portfolios aimed to achieve specific investment goals. SEBI-registered portfolio managers can offer the […]

In the ever-evolving financial landscape, New Fund Offerings (NFOs) bring forth new investment opportunities. In this blog, we delve into why Asset Management Companies (AMCs) introduce new funds & the difference between new & existing mutual fund schemes. What are New Fund Offerings & their different types? NFOs are new mutual fund schemes launched by […]

The Mutual Fund Factsheet houses crucial details about the scheme, encompassing its objectives, portfolio, risks, returns, & more. In this blog, we delve into the key indicators in the MF Factsheet that shed insights on equity and related MF schemes. The Mutual Fund Factsheet includes quantitative parameters that provide statistical insights into a mutual fund’s […]

Mutual Funds (MFs) help unlock the potential for diverse asset exposure, like Equity. But, amidst 100s of Equity schemes, how do you make investment decisions? In this blog, we delve into the nuances of equity mutual funds, like the various types and suitability for different investor risk profiles. What are Equity Mutual Funds? These funds […]

In the dynamic realm of investments, Initial Public Offerings (IPOs) provide a gateway to invest in equities. However, it is important not to get carried away in the frenzy. In this blog, we delve into key things you should watch out for while investing in IPOs and a comprehensive checklist that can help you make […]

In the ever-evolving investment landscape, gold has gained prominence as an asset class for diversification. Also, as seen in history, individuals often seek solace in gold during periods of worldwide upheaval or global crises. In this blog, we delve into the importance of diversifying your investments in gold and the various options available to invest […]

Charles Dickens once said, “There is nothing so strong or safe in an emergency of life as the simple truth.” So, how do you build a safety net for unexpected turns in life? In this blog, we break down what is an emergency corpus, why it’s essential, how to set it aside, and why you […]

Have you ever realized that a game of Cricket has a lot in common with Financial Planning? It’s noteworthy that there are valuable financial planning lessons that can be drawn from our favourite sport. Just like a cricket match, financial planning involves strategy, consistency, and the ability to adapt to changing conditions. In this blog […]

In the recent past, the US Fed has embarked on a significant interest rate hike cycle, which is among the most substantial we’ve witnessed in the past 35 years. While this development has raised eyebrows, the Fed has also made it clear that interest rates will remain elevated for an extended period. In this blog […]

In India, credit scores are gaining significant prominence for tracking financial health. However, many people still do not pay enough attention towards it. In this blog, let’s understand what is a credit score, its importance, the various parameters considered in its calculation and how you can improve your credit score. What is a Credit Score? […]

In the world of investing, the age-old saying, “Don’t put all your eggs in one basket,” holds true. Diversifying your investments across various assets is a prudent strategy to manage risk and potentially secure steady returns. However, selecting the right mix of investments can be a daunting task for many. This is where Multi-Asset Allocation […]

Traditionally, ELSS funds were actively managed by fund managers. However, with the growing interest in Index Funds, Asset Management Companies (AMCs) are now launching Passive ELSS Funds to provide a cost-effective alternative to investors. In this blog post, we’ll delve into what ELSS index funds are and explore why passive funds are becoming increasingly popular […]

Introduction In the realm of taxation in India, Section 80C stands as a well-known avenue for individuals to save on their tax liabilities through eligible investments under the old tax regime. It allows you to reduce your taxable income by investing in specific financial instruments. One of the key attractions of Section 80C is that […]

Jio Financial Services (JFSL), a company that demerged from Reliance Industries, made its debut on the stock exchanges this week. For those who received JFSL shares following the demerger, understanding how to calculate their capital gain liability upon selling these shares is crucial. This guide aims to break down the process in a clear and […]

Introduction In a world that is constantly evolving, where every child’s dreams deserve to flourish, the Sukanya Samriddhi Yojana (SSY) is as a beacon of hope. Born out of the Government’s Beti Bachao, Beti Padhao campaign, this scheme stands as a pillar in the journey of securing a girl child’s future. But what exactly is […]

Introduction With the tax deadline just around the corner, it’s time to gear up and file your tax returns for the financial year 2023. The last date for filing tax returns is July 31, and if you haven’t filed your returns yet, now is the time to get started. One crucial aspect of filing your […]

Introduction With the tax season round the corner, it’s important to have a good understanding of the process and gather all the necessary documents for filing your income tax returns. At MProfit, we’re here to help you navigate the process of filing your tax returns. Filing your income tax returns accurately and on time helps […]

The Tax Returns filing season for FY23 is here, and taxpayers now have the option to choose between two tax regimes: the Old Regime and the New Regime. But to do that, taxpayers now need to be aware of the advantages and limitations of each regime. So, let’s understand both options and then you can […]

Introduction In today’s dynamic financial landscape, mutual funds have emerged as a popular investment tool for individuals and families looking to grow their wealth. To gain deeper insights into the field of mutual fund distribution, we had the privilege of speaking with Shankar Bhatt, the Founder and CFP of Credo Capital. With 16 years of […]

Gold, renowned for its reliability as an asset class, delivered impressive double-digit returns in 2022. As investors seek opportunities to diversify their portfolios, they often turn to this precious metal. Have you ever considered Sovereign Gold Bonds (SGBs) as an alternative to physical gold? Not only do SGBs offer the potential for gold returns, but […]

Planning for retirement can be a daunting task. This is why there are retirement-focused investment products that enable you to financially secure your future! One such product is the National Pension Scheme (NPS). In this article, we will discuss the key features of NPS and why it is considered a useful tool to save for […]

If you’re looking for a way to invest in the stock market without having to pick individual stocks, equity mutual funds could be a great option. However, with so many different funds available, it can be difficult to know where to start. In this guide, we’ll take a closer look at the various types of […]

Investing in mutual funds has become increasingly popular in recent years, with thousands of options available to investors. But with so many choices, it can be challenging to determine which funds are the right fit for your investment goals. In this article, we will cover the basics of mutual funds, including different types of funds, […]

Meet Kanwardeep Singh, a savvy investor from Mumbai who has been reaping the benefits of investing for several years. Over the years, Kanwardeep has generated excellent returns, with a portfolio focused on equity mutual funds. In this post, we take a closer look at his investment journey and how MProfit has helped him to track […]

As per the new Finance Bill, it seems that Taxation rules for Mutual Funds might be changing in the near future. It seems that starting 1st April 2023, gains on Debt Mutual Funds might no longer receive a long term benefit with indexation, and they’ll be taxe as per one’s income tax slab rate. If […]

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 […]

MProfit Pro makes it extremely easy to manage all your commodities and currency trades. You can import all commodities and currency digital contract notes or back-office files received from your brokers. MProfit gives you profit/loss statement as well as auto-generate accounting JVs and ledgers in integrated accounting module in MProfit. Below is the list of […]

From time to time at MProfit we come across some really guide articles that we feel will benefit our users. Below is an article from Mahavir Chopra of Coverfox talking about buying health insurance for parents. The eBook they provide is very useful and highly informative. – – – Culturally, India is a very unique […]

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 […]

It’s not often we review books on the MProfit blog but a great one for personal finance was just released by Manish Chauhan. You might not know his name but he is the force behind JagoInvestor.com one of the most frequently visited sites for Indian personal finance information. We are very big fans of the […]

Over the weekend, the first RupeeCamp was held in Mumbai and led by it’s organizer Ranjan Varma.  So what is RupeeCamp? According to the website “RupeeCamp is a structured program on personal finance where you will learn all the money skills you require. RupeeCamp is for young professionals who need cost effective, independent advice on managing […]

If you are looking to have some exposure to the equity markets then investing in mutual funds is a good first step. At MProfit we receive many queries from first time investors and one question that is asked often is “How do I buy mutual funds?” There are two broad categories for buying mutual funds: […]