How can I add an entry for gifts received in Mutual Fund in MProfit?

In this tutorial, we will explain how you can transfer assets in the form of a gift to someone whose portfolio is not present in MProfit. 

MProfit computes accurate capital gains for gifted MF units by retaining the original purchase price and date information.

To proceed, follow the steps below:

Step 1: Login to your MProfit account and right-click on the mutual fund for which you need to add a gift entry. 

Step 2: Select Advanced from the drop-down list.

Then click Transfer Asset to another Portfolio. 

Step 3: Select the Date of the transaction. 

Now, in the drop-down menu, if the portfolio to which you want to transfer the gift is not in MProfit, you need to click on the Other/Gift option, mention the Quantity, and click  Save. 

Step 4: A confirmation prompt will appear; click Yes. 

This is how you can seamlessly add a Gift entry for a Mutual Fund in MProfit!