Few months back I wrote, post about MPROFIT, a product for personalized portfolio management which is desktop based. In simple terms, this is solution for retail investors to manage/track their transactions across many different types of asset class. It simplifies many of the mundane tasks of portfolio tracking. Some of the highlights are:

• Manage an unlimited number of individual and group portfolios:  This is good for all do-it-yourself investors. Almost all of us tend to manage different types of assets/buckets/type of portfolio.
• Manage assets like Stocks, MFs, ETFs, ULIPs, Insurance Policies, Private Equity, FDs, Bonds, PPF, Gold, Silver, Property, Art and many more…
• Online update of BSE stock prices, Mutual Fund NAVs and ETFs – I like this one
• Track income received from investments – I love this one
• Annualised Returns (XIRR) report – My favorite feature because I believe this has much more relevance in personal investing. CAGRs are nothing but mathematical jugglery.
• Online update for newly listed stocks, mutual funds, ETFs and company name changes
• All your financial data is saved locally on your computer – My preferred choice, I like my personal financial stuff in my own computer, especially in Indian context.

In addition, I like that team at MPROFIT listens to its customers. It keeps adding features that customers are looking for and makes more sense to individuals like us. The most recent update (v5.0) has added capability with different methods of “data importing”. Different ways to import data are:

1. Brokerage digital contract notes. It supports Anagram Securities, IL&FS, Kotak, Lalkar, MF Global, Motilal Oswal, Reliance and many others. Users/customers can request addition of other brokers not in the list. Example of good customer service and after sales support.
2. CAMS/KARVY mutual fund files. It supports Karvy 201/221, CAMS WBR2 and CAMS personal files.
3. Predefined Excel formats – Using the templates provided you can import your stock and mutual fund transactions.
4. Interface with online portals. It support Value Research Online and NJ Fundz. This allows you to keep a backup of your financial data on your computer and also aggregate all your financial data.

Why this post again? Didn’t I cover this earlier?

On my request, Manish from MPROFIT has agreed to give few more free licenses to TIPBlog readers valid for one year. I have selected five readers who have helped grow this blog by (1) Blog conversation; (2) TIPBlog Fan Page conversation; (3) Email conversation; and/or (4) Twitter conversation. These five readers are:

• Raja Panda
• Nikhil Gupta
• Hitesh Chadha
• Sachin
• Amol

I have informed each individual by email. Shortly, each of you will receive a unique license key from MPROFIT.

What value does this free giveaway bring to these five individuals or to me? How can I not ask this question?

• For these readers, it is simply a chance to use and evaluate this product free for one whole year. This is worth Rs 1488. They can use Rs 1488 to invest in equities, and likely compound their returns. They may postpone their decision to spend time developing excel sheets trackers by one year. They have opportunity to use this time to learn about new opportunities.

• Ideally, I would like to express my thank you by giving out something to all regular readers. But resources are limited. If I had to buy this product for these five readers, I would have to shell out a total of Rs 7440 (i.e. Rs. 1488 per person).

• I believe this product has long term sustainable value. The key aspect that we all neglect in our portfolio management is how to avoid employee work. It is important to track and management portfolio. But does tracking and making customized excel sheets add any value to your personal returns? Aren’t there simpler ways? So it gives me an opportunity to talk about products that fits into the overall thought process of this blog.

• I get to share my appreciation of good competitive product that has Made in India label. Remember we had an elaborate discussion on IT based Indian products? I believe this product is competitive with any of the US made products in similar space.

On behalf of TIPBlog readers, I express my thank you to MPROFIT for an opportunity to use their product for one year at zero cost.

Disclaimer: I, or anyone from my family and friends, do not have any stake in the company or its products. I do not get any fees or commissions on any number of sales. I have no financial interest associated with this post. I like this Made in India product which fits into the overall thought process discussed on this blog. Hence, I am sharing with readers of this blog. I earn goodwill of my readers.