How to manage rights entitlements and partly paid shares in MProfit?

In this tutorial, we will explain how you can manage right entitlements and partly paid shares in MProfit.

MProfit allows you to properly manage rights entitlements and partly paid-up shares with proper capital gain computation.

Here is an example of Reliance Rights Entitlements purchased from the market and how you can manage the purchase of shares using the same rights entitlement in MProfit.

Follow the steps below:

Step 1: Login to your MProfit account and right-click on the desired stock.

Step 2: Select Other Transactions from the drop-down list.

Then click Add Merger.

Step 3: In the Merging Into section, type Reliance Partly Paid. 

Enter the Date of the merger as any date before the date of purchase for the Reliance Partly Paid shares.

Bal. Shares after Merger quantity will stay the same (as the number of partly paid shares you purchase).

Step 4: Click Save.

Step 5: The cost of your Reliance Rights will now be added to that of the Reliance Partly Paid shares. 

To add the first installment payment, right-click on the stock Reliance Ind Partly Paid.

Step 6: Select Other Transactions and then Add Off-Market Transaction from the drop-down list.

Step 7: In the next window, select the Trans. Type as Installment Payment from the drop-down menu.

Step 8: Select the Asset Name from the drop-down list.

Then, enter the Date and Amount. 

Step 9: Click Save to complete the step.

Once all your installment payments for the partly paid-up shares are made and the partly paid-up shares are converted to fully paid-up shares, you can use the merger option in MProfit to merge the partly paid-up shares with fully paid-up shares of the original parent company.

This is how you can seamlessly manage rights entitlements and partly paid shares in MProfit!