MProfit

MProfit

About this app

MProfit is India’s leading portfolio management & accounting solution catering to investors, financial advisors, wealth managers, brokers, family offices & chartered accountants. With MProfit, you can manage & track your investments across a large number of asset classes that seamlessly integrate with MProfit’s comprehensive accounting module. You can import trade data directly into MProfit from 3000+ sources and generate investment & accounting reports to obtain actionable portfolio insights.

The MProfit mobile application allows you to access your MProfit account directly on you Android phone or tablet. All your PMS and F&O data entered in MProfit on your PC or shared with you by your Financial Advisor can be viewed on-the-go using your mobile device, thereby allowing you to stay up-to-date with your portfolio at all times.

We have added several user-friendly and informative features to the MProfit mobile app to help you manage your investments effectively including:
• Real-time view of your Portfolio valuations across asset classes including Stocks, Mutual Funds, Bonds, FDs, & others
• View your Futures & Options portfolio data with live prices, mark-to-market, realised gain, unrealised gain and other related fields
• Ability to view data in Portfolios created by you as well as in Portfolios shared with you by your Financial Advisor
• Asset allocation charts for all your Portfolios
• Transaction details for all transactions you enter into MProfit across asset classes, along with opening and closing balances
• Searching for a Portfolio & searching for a specific asset in a Portfolio made easy
• Obtain the perfect analytical view of your Portfolio data with easy sorting, filtering and other customisation options
• Never miss an important update by enabling push notifications for reminders specific to your Portfolios, including lock-in period expiry, premium due & maturity date
• Ability to toggle between Light and Dark modes, dependent on your preference
• Secure your data by setting a passcode on your MProfit mobile application (including Touch ID/Face ID)

Ratings and reviews

The MProfit software shows stocks & MF which are sold long ago & are not part of my portfolio. This shows false portfolio value, XIRR etc. Customer Care Service is not up to mark. Follow up happens only through mail & No punctuality with respect to on call support. Auto import facility sucks (I set up auto import facility with the help of their customer service, still not working) I started with lite version but now stoped using it from last month.

Though App is good. Many improvements needed but it seems the company doesn't want feedback on improvements. One example. Power Grid gave bonus last year in ratio 1:3. Then the resultant fraction was sold by company. This results in capital gain (LT or ST). There is no provision to record 0.3333 as bonus received, nor a provision to record sale of this 0.3333. As a result XIRR etc will be inaccurate as sale of 0.3333 share will result in change of original investment amount.

Long term user. Was happy with the free version. My mistake was thinking this is accurate enough for tax returns and bought the paid subscription. Lot of calculations at the detailed level are wrong, including tax & fees. Prevents it from being a tax filling tool. Many import functions don't work. Ex: importing/reconciling NSDL data. PF calculations are wrong. To further the pain, they have made API sync as a seperate paid tier, above my high tier subscription. Awesome idea, bad execution.

What's new

Bug fixes and improvements