Mprofit – Portfolio Management Desktop Software For India

Mprofit is a portfolio management tool  for Indian Investors. While a lot of online tools are available for portfolio management, Mprofit is a desktop client that needs to be downloaded and maintains your data locally itself.

Mprofits has the following set of features different from the usual softwares available:

  • Create multiple portfolios and manage each of them into multiple groups.
  • Manage assets like Stocks, MFs, ETFs, ULIPs, Insurance Policies, Private Equity, FDs, Bonds, PPF, Gold, Silver, Property, Art.
  • Online update of BSE stock prices, Mutual Fund NAVs and ETFs
  • Quick Summary view with multiple sorting options by name or current value
  • Summary & detailed transaction wise Capital Gain Tax Reports for Stocks & MF
  • Tax Calculator

mprofit

The usage is intuitive though there were few glitches during installation. Some of the above features are really useful for heavy users. For stocks i believe it does not show live rates but that of previous day closing, which is a turn off.

While they claim that local data storage decreases security threat as you are in full control but i think the very premise of having a desktop client is questionable. The high frequency users such as portfolio mangers and brokers generally have a PMS tool built-in in the trading software. The low frequency users also either use a free online tool like the one from Moneycontrol, ET  etc. or have the PMS as part of the trading tool. Having a paid tool that is not portable wouldn’t make much sense. There may be a very small segment of users who might find it useful and wouldn’t mind paying as well.

The software is priced at Rs.300 (one time) + Rs.99/month.

Do give a MProfit a spin and share your views. They do have a 30 day free trial plan.

[Naman is a startup enthusiast and has worked with couple of Indian startups as Product Manager. He is the founder of FindYogi]

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