You can record gift entries for mutual funds in MProfit. MProfit computes accurate capital gains for gifted MF units by retaining original purchase price and date information. Please follow the below process:

1) In the MProfit portfolio summary screen, right click on the mutual fund name that you need to add a gift entry for. 

In the dropdown, select Advanced and then click on Transfer Asset to another Portfolio.

2. In the following window, you need to select Other / Gift option from the To Portfolio dropdown, enter the Quantity you want to gift.

Finally, click Save.