This startup provides portfolio management software for investors, advisors, and family offices to track diverse assets like stocks, bonds, and mutual funds. Its platform consolidates all investments in one place and generates capital gains reports in ITR format, simplifying tax preparation and investment oversight.
Funding
$2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Individual investors, family offices, and financial advisors often struggle to consolidate and track diverse investment portfolios across multiple brokers and asset classes. Manually compiling data for performance analysis and tax reporting is time-consuming and prone to errors.
Solution
MProfit provides a multi-asset portfolio tracking and management platform that automates data aggregation from over 700 brokers and 5,000 formats. The platform enables users to consolidate investments, track performance metrics like XIRR, and generate capital gains reports in Income-Tax-Return (ITR) format. By automating data import and report generation, MProfit simplifies investment oversight and tax preparation for its users.
Target Audience
MProfit targets individual investors, family offices, financial advisors, and chartered accountants who need to manage and track multi-asset investment portfolios.
Features
- Automated data import from over 700 brokers and 5,000 different formats, including contract notes and Mutual Fund CAS statements
- Support for tracking a wide range of asset classes, including stocks, mutual funds, bonds, F&O, PMS, and AIF
- Portfolio analytics and performance reporting, including XIRR calculations
- Capital gains report generation in ITR format for stocks, mutual funds, and bonds
- Cloud-based access for convenient portfolio monitoring from any device
- Mobile app available for both iOS and Android platforms