How do I manage AIF Scheme investments with MProfit?

In this tutorial, we will explain how to manage Alternative Investment Fund (AIF) Scheme investments with MProfit.

To import an AIF statement from a fund manager, please follow these steps:

Step 1: Login to your MProfit account and click the Import button. 

Step 2: Click the search icon next to Import Log to select the appropriate template.

Step 3: Enter the name of the fund manager. 

For this guide, we will use the Northern Arc as an example.

Now, click on the template.

Step 4: Then Add to Favourites.

Step 5: Click on Upload File.

Step 6: Select the statement and click on Open.

Then, click on Import.

Step 7: As this is the initial import, the system will prompt for family and portfolio mapping. 

Select the Family from the drop-down list.

Step 8: Then select the Portfolio from the drop-down list.

Step 9: After selecting the portfolio, click on Save.

Step 10: Now, click the Map button for the asset mapping.

Step 11: Click the (+) sign to add the asset for the first time.

Step 12: Choose to keep the default asset name or customize it as needed. 

Once finished, click Save.

Step 13: Click Save again.

Step 14: Ensure that the Northern Arc Emerging Corporates Bond Fund is categorized under the AIF Investment asset name. 

Then click Continue.

Step 15: Review all the transactions present in the statement. 

Then click on Confirm Import.

Step 16: The import process is now complete. 

Click on Back to Portfolio to go back to the summary screen.

This is how you can manage AIF Scheme investments with MProfit!