MProfit
What is MProfit?
MProfit is India’s leading portfolio management solution catering to investors, wealth managers, family offices, brokers, and chartered accountants.
MProfit Starting Price
$ 0/Free to get started
MProfit Awards
Get an Overview for the Leaders Matrix at glance
Our Awards and Recognition
MProfit Screenshots
Key Features of MProfit
- Asset Management
- Portfolio Management
- Tax Management
- Asset Allocation
- For Investors
- For Investment Advisors
- For Investors & Traders
MProfit Users
Business
- Freelancers
- StartUps
- SMEs
- Agencies
- Enterprises
Available Support
- Phone
- Live Support
- Training
- Tickets
Specifications
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Deployment:
Cloud Based
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Payment:
Yearly
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Api
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Customization
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Mobile Support
Language Support
- English
MProfit Categories on SoftwareSuggest
MProfit Comparisons
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MProfit Pricing
- Manage investments up to Rs 50 Lakh
- 1 web + mobile login
- Track multi-asset investments
- Asset allocation insights
- XIRR & absolute returns
- Automated corporate actions
- Portfolio reports in PDF / Excel
- Manage investments up to Rs 1 Crore
- 1 web + mobile login
- Capital gain reports for Income Tax filing
- Tax platform reports (ClearTax, Winman & more)
- Manage investments up to Rs 5 Crore
- 1 web + mobile login
- F&O tracking and P/L
- Reconciliation features
Company Details
MProfit Software Pvt. Ltd.
Mumbai
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Starting at $ 10
MProfit Description
With MProfit, you can seamlessly manage investments in Stocks, F&O, Mutual Funds, Bonds, Fixed Deposits, NPS, AIF & various other assets. MProfit is available on Web, Android & iOS mobile devices.
Features:
- Manage Stocks, MFs, Bonds, FDs, F&Os and Other Assets, View Combined Net Worth of Entire Family
- Import contract notes, mutual fund and bank statements from over 5,000+ formats across 700 brokers.
- Capital gains reports for Stocks, Bonds, Equity & Debt MFs (with or without indexation), InvITs and REITs
- View Annualised Return (XIRR), Historical Valuation and detailed Capital Gain reports
- View Income reports, Due Date reports, Transaction reports, Holding Period reports & many more
- Get asset allocation insights with MProfit's interactive dashboard
- Auto price updates and historical prices
Benefits of Using MProfit
Here are some of the benefits of using MProfit.
1. Manages Your Multi Assets Investment
MProfit lets you manage your stocks, mutual funds, fixed deposits, and other assets under a single platform.
2. Imports Contract Notes
You can easily import contract notes, mutual fund statements, and bank statements from across 700+ financial institutions using MProfit.
3. Calculates Short Term and Long Term Gains
MProfit makes it super easy to calculate short and long-term capital gains for equity and debt mutual funds.
4. Extracts PMS reports
It lets you extract portfolio management reports (PMS) such as annualized returns, goal and asset allocation reports, and income reports with just a few clicks.
5. Analytics & Reporting
MProfit provides access to advanced reports such as historical valuation reports, assets under management reports, and asset holding portfolios reports.
6. Assess Your Portfolios
You can use MProfit to view all your portfolios with Web loign and mobile app.
7. Auto Price Updates
MProfit automatically updates prices for stocks, F&O, ETFs (Exchange Traded Funds), and daily mutual fund NAVs
Sign up for Free
If you want Personal Finance Software to manage your investments, you can try a hand at MProfit. Developed by a bunch of techies who have a co-passion for financial services, the market is all abuzz about Mprofit, a simple, friendly and yet extremely powerful personal finance software that lets you track and manage all your financial assets and investments in a single location. MProfit gives a consolidated view of all your investment instruments like stocks, mutual funds, F&O, insurance, gold, fixed deposits, private equity, and many more at once. This lets you analyze better and make informed decisions.
With the growing popularity of Mprofit, our team at SoftwareSuggest.com made an in-depth analysis of the best accounting software before presenting the varied features of the software to our readers.
Investment Management from a single location
Diversity is the core fundamental of any good financial portfolio. But with various investments at various sources (different banks, different brokers, different companies etc.), including PPF, ETFs, FDs, Stocks, ULIPs, Insurance policies, Private equity, Bonds, MFs, property, art, gold, silver, others, investors find it extremely clumsy and difficult to compare, assess and manage all of them at one go. Here, Mprofit is handy as the software allows investors to feed and view all the information on one screen. One can actually compare which investments are giving you more return and which are not, thus making clear decisions about switching over or further investments.
Individual and Group Portfolios
Another powerful and much-appraised feature of Mprofit is managing individual and group portfolios. This feature empowers the portfolio managers with the management of Multiple Portfolios & Groups by creating multiple portfolios, grouping the portfolios for creating a family group portfolio, adding a portfolio to multiple groups and generating various group reports for tracking the performance of the group portfolio.
What is there in store for Stock Investors?
Mprofit is rapidly becoming a hot favourite of stock investors as they can use the software for tracking not only the purchase & sale transactions but also dividends, annualized return (XIRR), current value, Daily gain and overall gain. Mprofit allows stock investors to import and manage data from various brokers and Excel sheets. They can also benefit from reports on Intra-day, short-term and long-term capital gains, and many more.
Why MF and ETF investors prefer Mprofit?
In addition to the above benefits, mutual fund and ETF investors can manage buying, selling, reinvesting dividends and adding bonus units. The software allows them to import data from mutual fund registrars like CAMS and KARVY and online portals such as Prudent Corporate Advisory, FundsIndia.com, NJFundz, and others. The investors can also set reminder alerts for the Lock-in period for MFs, maturity dates and premium dates.
Integrated Accounting Module
The team of Mprofit upgrades and updates the accounting software on a regular basis. Recently, they released 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. With this feature, you can also maintain bank and cash accounts, allow mutual fund switch-in and switch-out support in accounts and get a group ledger view.
Mprofit makes Capital Gain calculations a breeze.
When filing income tax returns, investors must prepare capital gains calculations for their short-term and long-term gains for stocks and mutual funds. MProfit follows the FIFO method to calculate and provide various simplified reports and summaries for capital gains calculations. Capital gains reports are listed separately for equity mutual funds and debt mutual funds because taxation differs for both types. We need to mention that the software calculates and adjusts capital gains calculations based on corporate actions such as mergers, de-merger and split and bonuses as per the income tax rule, effective from the date of this corporate action.
What gives Mprofit an upper hand over its competitors?
Investors prefer Mprofit not just for the features which help them to manage their investments but also for top-notch facilities provided by the software, including Data Security and Database update for mutual funds, ETFs, newly listed stocks, and company name change updates. Newly added reports and features can be easily upgraded and updated to the existing version of Mprofit. The software also allows varying password-controlled access for an owner (full access) and users besides providing support for internet proxy settings. We had tremendous feedback on this article: Benefits of Booking Engine & Channel Management System – DJUBO.
Newly added features
On-demand and requests of their customers, the dedicated builders of the software have introduced several new features which have been openly welcomed by the users. Now the users can undo the last import if they mistakenly imported their last transaction. Now, it just needs a single click to apply dividends, bonus split and merger to all your portfolios or to transfer closing balances to the capital account at the year's end. Auto mapping for mutual funds has also been enhanced by the company.
What the satisfied customers have to say?
Mprofit has a long list of customers from diverse fields.. Some of its well-known customers include GEPL securities, Tata Securities (Stockbrokers), ITC Ltd. from Kolkata, Mittal Builders from Mumbai (Corporate Houses), ASP Consulting from Mumbai, Eagle Wealth Advisor from Nasik (Financial advisors) and many more. Bihag Parekh, Investment Advisor, Ahmedabad, says,“I can confidently say MProfit is an excellent financial report solution provider (not just a software), and the team is excellent to interact with it. Keep it up !!!! “
To sum up, we at Softwaresuggest.com give a clean THUMBS UP to the software.
In this era of pacing technology, there has been an enhancement in the ways investors choose to obtain their optimal portfolio. The web is crowded with a number of solutions for management of portfolios. But when investors look for a secure portfolio management tool, most of the available option don’t suffice their needs. What comes to the rescue is a highly nimble, efficient and remarkable portfolio management solution, Mprofit.
Mprofit is a portfolio management and accounting software. The company which was founded by Kiran Shah, Pallav Bhatt and Manish Jain, is providing a unified solution for the management of investments, accounting and tax returns. This start-up caters to the entire investing community, including Investors, Traders, HNIs, Family Offices, Financial Advisors, Stock brokers and CAs.
Here is the interview with the Co-Founder & CEO, Kiran Shah.
Q1. Tell us about your product MProfit and the problems that it solves. Give a use case.
MProfit is an easy to use portfolio management and accounting software catered for use by investors, financial advisors, family offices, HNIs and businesses to efficiently manage all of their financial assets using a single platform. These financial assets include anything from stocks and mutual funds to bonds, FDs, Insurance and ULIPs, among others. MProfit is the only available software that helps manage and consolidate disparate asset classes, in addition to providing a comprehensive accounting module that is closely integrated with its portfolio management solution. Accounting ledgers are automatically created from imported transactions, thereby eliminating the duplicate work of entering every transaction into a separate accounting module. This helps save users a significant amount of time.
One of MProfit’s unique propositions is its import engine. MProfit can directly import digital contract notes from brokers, mutual fund statements and bank statements with minimal effort. The software currently supports import from more than 1600 different sources, which is the highest amongst all Indian financial software products.
MProfit provides various useful reports such as capital gains reports (with indexation and without indexation), annualised (XIRR), asset allocation and others.
Use Cases:
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Financial Advisors use MProfit to manage clients’ portfolios and generate useful client reports such as XIRR, capital gains and asset allocation reports in addition to advisor reports such as AUM and client-wise asset holding.
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Individual investors, traders and family offices use MProfit to manage their investment portfolios and to prepare P&L statements and balance sheets using the integrated MProfit Accounting module. MProfit generates capital gains reports as per income tax rules even after corporate actions, which is an especially useful feature for this category of users.
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Charted Accountants use MProfit to generate capital gains reports for their clients as well as manage clients’ portfolios using MProfit.
Q2. How did you hit upon the idea for your product MProfit?
Being investors ourselves, we had previously undergone the tedious process of managing our investments using complex excel sheets to generate XIRR and capital gains reports. We also had to manually enter the same details again into separate accounting software. The entire process was very tedious, time-consuming and error-prone. We realised that all investors would be facing similar problems and if we were able to automate this process using a unified portfolio management and accounting solution, investors would be able to save a significant amount of time, which could be devoted to more productive tasks such as researching new investments. At the time, we looked everywhere for a software like Quicken in the US, that could efficiently and in a user-friendly manner, manage investments across asset classes. Unable to find any such single solution in India, we saw an opportunity to build it ourselves.
Q3. How is MProfit different from other products in the same category?
We at MProfit embrace competition. There are a few players in this area that provide solutions that somewhat compete with us. Some are good at managing only one or two asset classes and do not include accounting capabilities. MProfit is the only software that manages all asset classes including F&O and seamlessly transfers all investment data to its accounting module.
MProfit differentiates itself from other competing products in terms of the following:
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Ease of use
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Management of all asset classes
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Provision of continuous live price updates (for stocks, MFs, Bonds and F&O)
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An integrated accounting module
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A commitment to quick and effective customer support
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Lower pricing and specialised versions of the software for different segments such as investors, family offices, companies, CAs and financial advisors.
Q4. How did you find your first client?
We started selling MProfit online and it was well received by the investing community. Our first client bought MProfit on our website.
Q5. Tell us about the larger groups of your customers and where they are spread geographically.
MProfit caters to clients of the entire investing community, including Investors, Traders, HNIs, Family Offices, Financial Advisors, Stock brokers and CAs. MProfit has its clients spread across India from metros to smaller cities. In particular, MProfit has an especially large presence in cities like Mumbai, Delhi, Chennai, Bangalore, Pune and Ahmedabad.
Q6. Name some other software products you use to increase productivity.
Asana, Google Apps and TeamViewer are a few of the software products that we use for internal purposes as well as to support our clients.
Q7. Tell us about some immediate plans that you are currently working on. And what’s next for MProfit?
We keep improving and adding new features to MProfit based on feedback from our clients. We recently released a major update through which MProfit has begun supporting live bond prices and capital gains for traded bonds. We have also added a few important advanced reports to this version.
Our future plan is to develop a cloud version of MProfit. It is currently in an early stage of planning. Stay tuned for more information on this.
Q8. Tell us about your management team. What is your source of motivation?
MProfit was started by three co-founders, Kiran Shah, Pallav Bhatt and Manish Jain. Kiran is the CEO, Pallav is the CTO and Manish is the VP of Business Development at MProfit. All three co-founders have been involved in multiple start-ups over the past 20 years. The biggest motivation for us has been a desire to create a best-in-class product, deliver world class support and provide a phenomenal experience to our clients.
Q9. Any milestone or achievements in the journey till today that you are proud of/makes you happy?
One of our biggest achievements has been continually improving MProfit’s import engine, which now supports direct import from over 1600 sources, which is the highest in India. These sources include broker contract notes, mutual fund statements, bank statements and other statements in formats including PDF, HTML, Excel and Text.
Q10. As an insider in this domain, what insights would you like to share about new trends in the enterprise IT space?
The rollout of 4G across India in 2016 can be a game changer for many businesses. It will create phenomenal adoption of cloud computing and will open up significant opportunities for entrepreneurs across India.
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Overall Reviews
MProfit Pros and Cons
Pros
"It is a product to assume command and track monetary bookkeeping from the place of financial backer vita, causes an assortment of costs of resources in which you to have contributed, permits you to maintain an exact control in the event of review and duty installment"
"MProfit has a really helpful support team and solves our issues promptly. The way they handled my issues has made me their permanent customer"
"Income Tax Format Reporting."
Cons
"As a component of our nonstop work to further develop MProfit we have added a few new elements in view of client criticism to MProfit v4.1. The two major highlights that were most mentioned have been added, a duty mini-computer and a mechanized reinforcement include. The element list is beneath:Charge adding machineWeek after week/Month to month reinforcementFurther developed help recordFurther developed report designsThe expense number cruncher permits you to gauge your charges Prior to selling a stock or shared reserve. It gives intraday, present moment and long haul charge estimations.We have likewise added a week by week/month to month reinforcement highlight. MProfit will incite you on a week after week or month to month premise (in view of your settings) to reinforcement your information to either a nearby hard drive, an outside hard drive or a USB pen drive. This will permit you to constantly have a reinforcement duplicate of your information in the event of a crisis.Finally, this adaptation fixes a few minor bugs."
"Currently, no issues as such. The software works just fine."
"Just one suggestion, they can make a Instruction CD with on hand training. Even a 2-3 hours of classroom instruction will help get lots of mileage out of this huge software platform."
MProfit Reviews (186)
Bhavana
No
Used the software for : Free trial (Daily)
Company Size :1-10 employees
Write Review forMprofitt
MProfit offers tech answers for financial backers and speculation experts to oversee multi-resource ventures. MProfit endeavors to dispense with the requirement for problematic apparatuses and lumbering calculation sheets that financial backers frequently depend on for manual passage and investigation of information.
MProfit After Sales Service Rating
What do you like best about MProfit?
It is a product to assume command and track monetary bookkeeping from the place of financial backer vita, causes an assortment of costs of resources in which you to have contributed, permits you to maintain an exact control in the event of review and duty installment
What do you dislike about MProfit?
As a component of our nonstop work to further develop MProfit we have added a few new elements in view of client criticism to MProfit v4.1. The two major highlights that were most mentioned have been added, a duty mini-computer and a mechanized reinforcement include. The element list is beneath:Charge adding machineWeek after week/Month to month reinforcementFurther developed help recordFurther developed report designsThe expense number cruncher permits you to gauge your charges Prior to selling a stock or shared reserve. It gives intraday, present moment and long haul charge estimations.We have likewise added a week by week/month to month reinforcement highlight. MProfit will incite you on a week after week or month to month premise (in view of your settings) to reinforcement your information to either a nearby hard drive, an outside hard drive or a USB pen drive. This will permit you to constantly have a reinforcement duplicate of your information in the event of a crisis.Finally, this adaptation fixes a few minor bugs.
What features is MProfit currently missing?
Searching for choices or contenders to MProfit for Bookkeeping? Other significant variables to consider while exploring options in contrast to MProfit for Bookkeeping incorporate convenience and unwavering quality. We have incorporated a rundown of arrangements that commentators casted a ballot as the best generally speaking other options and contenders to MProfit for Bookkeeping, including Stopping board Arrangements Suite, Altair, Nitrogen, and Pershing Monetary Administrations.
What other products like MProfit have you used or evaluated?
Searching for choices or contenders to MProfit for Bookkeeping? Other significant elements to consider while investigating options in contrast to MProfit for Bookkeeping incorporate usability and unwavering quality. We have ordered a rundown of arrangements that commentators casted a ballot as the best generally options and contenders to MProfit for Bookkeeping, including Stopping board Arrangements Suite, Altair, Nitrogen, and Pershing Monetary Administrations.
Ahmad J.
All
Used the software for : 6-12 months (Daily)
Company Size :11-50 employees
Verified By : 
Review for MProfit
I am a Financial Advisor and have been using their Software MProfit Cloud for Equity Market Investments tracking - I must say it's easy to use, and their client-centric approach and servicing have been simply outstanding.
MProfit After Sales Service Rating
What do you like best about MProfit?
MProfit has a really helpful support team and solves our issues promptly. The way they handled my issues has made me their permanent customer
What do you dislike about MProfit?
Currently, no issues as such. The software works just fine.
What features is MProfit currently missing?
No
How MProfit is better/different from its competitors?
Because of its features
Varsha
Retired
Used the software for : 6-12 months (Weekly)
Company Size :51-200 employee
Makes Investment Accounts So Easy
Using it for the last several months, Pro Version helped us as it gives Reports in Income Tax Format and Grandfather clause. This service has so much to offer that we are exploring it every few weeks and finding something we can use for accounting, analysis, and keeping the tab on what is happening with NSDL monthly report. Their Support staff is excellent, and they usually get back in 24 hours or so. They guide us thru the Anydesk tool. This organization is highly responsible. We love this MPro software service.
MProfit Mobile App Experience
What do you like best about MProfit?
Income Tax Format Reporting.
What do you dislike about MProfit?
Just one suggestion, they can make a Instruction CD with on hand training. Even a 2-3 hours of classroom instruction will help get lots of mileage out of this huge software platform.
What features is MProfit currently missing?
Instruction Manuel
What other products like MProfit have you used or evaluated?
Some hands on software was downloaded but it was too complicated and importing of data from different platforms was not available.
How MProfit is better/different from its competitors?
1. Easy To Use, 2. Cost Effective, 3. Excellent Support in case client doesn't understand the functions.
Gaurav A.
Used the software for : 2+ years
Company Size :51-200 employee
Good Product and Outstainding Client service Team
I am a Financial Advisor and have been using their Software MProfit Cloud for Equity Market Investments tracking - I must say it's easy to use, and especially their client-centric approach and servicing have been simply outstanding. The most crucial thing after-sales service has been superb! Keep up the excellent work!
MProfit IOS App Experience
MProfit After Sales Service Rating
What do you like best about MProfit?
After Sales Service and Product Features
What do you dislike about MProfit?
Could not find any
Do you think MProfit delivers value for the money spent?
Yes
Are you satisfied with MProfit features?
Yes
Did implimentation of MProfit was easy?
Yes
What features is MProfit currently missing?
No
What other products like MProfit have you used or evaluated?
NA
How MProfit is better/different from its competitors?
After sales service
Vijay J.
Used the software for : 2+ years
Company Size :51-200 employee
EXCELLENT SOFTWARE, EXCELLENT SERVICE
This Package is a Must for Every trader or long-term investor. I have been using it for the last eight months and am satisfied with the Excellent Backend Support. However, the package is the price too reasonable.
MProfit Mobile App Experience
MProfit After Sales Service Rating
What do you like best about MProfit?
Reports too Good.
What do you dislike about MProfit?
Increase Mobile Apps accessibilty to 2 instead of 1.
Do you think MProfit delivers value for the money spent?
Yes
Are you satisfied with MProfit features?
Yes
Did implimentation of MProfit was easy?
Yes
What features is MProfit currently missing?
none
What other products like MProfit have you used or evaluated?
none
How MProfit is better/different from its competitors?
quite proffesional
