For more than a decade, MProfit was considered the default portfolio management software for serious Indian investors, chartered accountants, and family offices. Its ability to process broker contract notes, calculate Indian capital gains under complex grandfathering rules, and track traditional asset classes earned it a loyal following across India's financial community.
However, the Indian investment landscape has changed dramatically. In 2026, a surge of retail investors, HNIs, and family portfolio managers are actively looking for an MProfit alternative in India. Between steep pricing shifts—where HNI subscriptions start at ₹18,000/year (+ GST)—a legacy Windows desktop architecture, and a lack of support for modern asset classes like cryptocurrency and AI-driven insights, investors are demanding a modern replacement.
In this guide, we break down the 7 best MProfit alternatives in India for 2026, compare their features and pricing head-to-head, and examine how you can migrate your portfolio without losing transaction history.
Quick Comparison: Top MProfit Alternatives in India at a Glance
Here is how the leading portfolio trackers in India compare directly against MProfit:
| Platform | Annual Cost | Supported Devices | Stocks & MFs | FDs, Gold & Real Estate | Crypto & Alternatives | Tax / Capital Gains | AI Chat & Insights | Estate Planning |
|---|---|---|---|---|---|---|---|---|
| Agni Folio | Free plan (optional Premium) | Web, Mobile, Mac, Windows, Linux | Yes (Statement & CAS import) | Yes (Full support) | Yes (Binance, Coinbase, Kraken API) | Yes (Holding periods & cost lots) | Yes (Astra AI & MCP server) | Yes (Automated nominee transfer) |
| MProfit | ₹18,000/yr (HNI) / ₹72,000/yr (Pro) | Windows desktop + hybrid web | Yes (100+ broker contract notes) | Yes | No | Yes (ITR-ready reports) | No | No |
| INDmoney | Free (monetized via product ads) | Android, iOS, Web | Yes (CAMS & broker sync) | Yes (Bank linking) | View-only | Basic LTCG/STCG | Basic | No |
| Kuvera | Free | Web, Android, iOS | Mutual funds primary (limited stocks) | EPF only | No | Yes (Tax harvesting) | No | No |
| iRecord | ₹3,500 – ₹15,000/yr | Windows desktop & Web | Yes (Broker contract notes) | Yes | No | Yes (CA accounting focus) | No | No |
| Invest Plus | ₹2,360 one-time / AMC updates | Windows desktop only | Yes | Yes | No | Yes (Accounting & Balance sheet) | No | No |
| Google Sheets | Free | Any browser & mobile app | Manual / GOOGLEFINANCE | Manual entry | Manual API scripts | Custom formulas | Via 3rd party plugins | Manual shared drive |
Why Indian Investors Are Seeking an MProfit Alternative
If you have used MProfit, you already know its strengths: deep support for Indian broker contract notes and robust capital gains reporting. But several compounding factors have pushed investors to look elsewhere:
1. Skyrocketing Subscription Costs
Historically, MProfit offered entry-level desktop licenses starting around ₹999 to ₹2,499 per year. However, MProfit has repositioned itself towards wealth managers, family offices, and ultra-HNIs. Today, individual HNI plans start at ₹18,000 per year (+ GST), while professional wealth management tiers start at ₹6,000 per month (₹72,000 per year).
For an individual investor or a family managing ₹50 lakh to ₹5 crore across mutual funds, stocks, and fixed deposits, paying ₹18,000 every single year purely for portfolio tracking and capital gains reporting is simply disproportionate.
2. Legacy Windows Desktop Architecture
MProfit was originally built as a Windows desktop application in the late 2000s. While they launched MProfit Cloud, the core product remains tied to its desktop legacy. In 2026, most investors manage their finances on MacBooks, iPads, iPhones, Android devices, and modern web browsers. Running a legacy desktop executable that requires Windows virtual machines on macOS is an unnecessary daily headache.
3. Lack of Support for Modern Asset Classes
The modern Indian investor's portfolio is no longer confined to BSE/NSE equities and mutual funds. Today's portfolios routinely include:
- Cryptocurrency & Web3 assets: Bitcoin, Ethereum, and onchain holdings.
- Global & US equities: Acquired via LRS (Liberalised Remittance Scheme) brokers like Interactive Brokers, Vested, or Schwab.
- Alternative investments: Unlisted shares, invoice discounting, P2P lending, and REITs.
MProfit handles traditional Indian asset classes well, but its coverage of modern digital assets and multi-currency global holdings is either non-existent or cumbersome.
4. No Modern AI or Natural Language Capabilities
In the era of large language models, investors expect to interact with their portfolio data intelligently. Instead of digging through twenty nested menus to find sector concentration, modern investors want to ask: "How much did IT stocks contribute to my XIRR this year?" or "What is my debt-to-equity drift across all family accounts?" MProfit remains a static relational database with fixed tables.
5. Missing Estate Planning & Wealth Transfer Workflows
The greatest hidden crisis in Indian personal finance is unclaimed wealth. Over ₹1.5 lakh crore lies unclaimed in Indian bank accounts, demat accounts, and insurance policies because families never knew the assets existed when the primary earner passed away. MProfit provides no inactive account monitoring, nominee access workflows, or death readiness protocols.
Detailed Review of the 7 Best MProfit Alternatives
1. Agni Folio — Best Overall Modern Multi-Asset Alternative
Website: agnifolio.com
Pricing: Full-featured Free plan; optional Premium plan.
Agni Folio is purpose-built as the next-generation financial command center for Indian and global investors. It combines true multi-asset tracking, automated XIRR calculation, conversational portfolio AI, and digital estate planning into an intuitive, responsive web application accessible from any device.
Key Advantages Over MProfit:
- Truly Full-Featured Free Plan: Unlike MProfit's ₹18,000/yr subscription, Agni Folio offers unlimited accounts, unlimited holdings, and full tracking across all asset classes on its free plan. You never hit an artificial "paywall to view your 51st holding."
- Modern Multi-Asset Coverage: Track Indian stocks (NSE/BSE), mutual funds, fixed deposits, Sovereign Gold Bonds (SGBs), physical gold, real estate, loans, insurance policies, and direct cryptocurrency exchange sync (Binance, Coinbase, Kraken, OKX) in a single dashboard.
- Astra AI & Model Context Protocol (MCP): Agni Folio features Astra AI, an intelligent agent with direct context of your portfolio composition, performance, and cash flows. Furthermore, Agni Folio is the first portfolio platform to ship an open MCP server, allowing you to connect Claude, ChatGPT, or Cursor directly to your portfolio with read-only, revocable keys (see our guide on connecting your own AI via MCP).
- Multi-Currency for NRIs: Supports 20 base currencies (including INR, USD, AED, SGD, GBP, EUR) with daily automatic exchange rates across 160+ currencies. Perfect for NRIs managing Indian and overseas holdings simultaneously.
- Digital Estate Planning & Wealth Transfer: Built-in inactivity monitoring automatically initiates verification and transfers designated asset maps and documents to your nominees if something happens to you. No family member is left wondering where accounts are held.
- Privacy-Respecting Statement Import: You can paste broker statements, contract notes, or CAMS/KFintech CAS text, or upload CSV/Excel files. The AI parser proposes parsed rows for your review before committing. Agni Folio never asks for your broker passwords or email credentials.
Where MProfit Still Holds an Edge:
For chartered accountants who require direct two-way Tally ERP ledger syncing or specialized physical broker contract note batch processing from 100+ regional brokers, MProfit's 15-year-old accounting engine remains deeply tailored to traditional CA practices.
Best For:
Retail investors, HNIs, couples, NRIs, and FIRE planners who want institutional-grade multi-asset tracking and AI insights without paying ₹18,000/year.
2. INDmoney — Best for Automated Mobile-First Sync
Website: indmoney.com
Pricing: Free (monetized through financial product distribution).
INDmoney has become one of India's most popular personal finance mobile apps. It connects to your email, SMS, and CAMS/KFintech to automatically pull in mutual fund folios, stocks, EPF, and bank accounts.
Key Strengths:
- Automatic synchronization of mutual funds and demat holdings via account aggregators and email parsing.
- Integrated US stock investing on NYSE and NASDAQ.
- Consolidated tracking of EPF, PPF, NPS, credit card bills, and loan EMIs.
- Slick, polished mobile experience on iOS and Android.
Limitations Compared to MProfit & Agni Folio:
- Privacy & Data Sharing: INDmoney requires extensive access to your email inbox and phone permissions. Many privacy-conscious investors are uncomfortable sharing email credentials.
- Product Distribution Agenda: INDmoney earns revenue by selling insurance, personal loans, credit lines, and mutual funds, resulting in frequent upsell prompts.
- No Crypto or Estate Planning: Crypto is restricted to view-only, and there are no digital estate planning or nominee transfer features.
- Limited Multi-Currency: Only supports INR and USD.
Best For:
Passive investors who prioritize automated "set-and-forget" mobile syncing over strict data privacy and advanced portfolio analytics.
3. Kuvera — Best for Pure Mutual Fund SIP Tracking
Website: kuvera.in
Pricing: Free.
Kuvera revolutionized direct mutual fund investing in India with its zero-commission model. While it has added basic stock tracking and fixed deposits, its core strength remains mutual funds.
Key Strengths:
- Clean, ad-free interface with straightforward mutual fund tracking.
- Excellent tax-harvesting feature (TradeSmart) that identifies long-term capital gains eligible for the annual ₹1.25 lakh LTCG tax exemption.
- Family account management under one master login.
- Goal-based planning with automated rebalancing suggestions.
Limitations:
- Limited stock tracking capabilities compared to MProfit or Agni Folio.
- No support for real estate, cryptocurrency, or physical assets.
- No conversational AI or natural-language portfolio analysis.
- Focused strictly on Indian domestic investments.
Best For:
Investors whose portfolios consist predominantly of direct mutual funds and who want a clean, free tracking and execution platform.
4. iRecord — Best Traditional Alternative for Chartered Accountants
Website: irecordweb.com
Pricing: ₹3,500 – ₹15,000/year depending on package.
If you are a chartered accountant or family office manager looking for a direct 1:1 replacement for MProfit's traditional accounting features, iRecord is the most comparable legacy contender.
Key Strengths:
- Deep double-entry accounting engine built specifically for Indian share market accounting.
- Contract note importing across dozens of Indian stock brokers.
- Comprehensive capital gains reports formatted for ITR filing (STCG, LTCG with grandfathering).
- Multi-entity and multi-family portfolio management.
Limitations:
- User interface feels dated and complex, reminiscent of 1990s accounting software.
- Steep learning curve; not suitable for casual or DIY retail investors.
- Paid annual subscription model.
- No crypto exchange sync, AI chat, or modern estate planning workflows.
Best For:
Tax consultants and CAs who specifically need traditional accounting software and ledger reconciliation.
5. Invest Plus — Desktop Personal Accounting Software
Website: investplus.in
Pricing: Approx. ₹2,360 one-time license fee + annual updates.
Invest Plus is a desktop-based personal accounting and portfolio management software designed for Indian users who want their data stored locally on their Windows hard drive.
Key Strengths:
- One-time purchase license rather than a recurring ₹18,000/year subscription.
- Local offline storage for users who do not want cloud-based tracking.
- Tracks bank accounts, investments, and personal liabilities in a unified balance sheet format.
Limitations:
- Windows desktop only; no native Mac, iOS, or Android support.
- Manual updating of market prices and software patches.
- Lacks modern cloud synchronization, API broker feeds, and AI capabilities.
Best For:
Offline Windows users who prefer a one-time software purchase for basic personal accounting.
6. Google Sheets & Excel — Best DIY Zero-Cost Option
Pricing: Free.
A surprising number of investors leaving MProfit choose to build their own portfolio tracker using Google Sheets. By utilizing the built-in GOOGLEFINANCE formula, you can fetch live quotes for NSE and BSE tickers (e.g., =GOOGLEFINANCE("NSE:RELIANCE")) as well as NAVs for mutual funds via AMFI API scripts.
Key Strengths:
- 100% free with complete data sovereignty and zero vendor lock-in.
- Infinite customization: build any chart, ratio, or asset allocation model you desire.
- Accessible from any browser or mobile device.
Limitations:
- Fragile Calculations:
GOOGLEFINANCEfrequently suffers from delayed data, broken tickers, or downtime. - Corporate Actions Nightmare: Stock splits, bonus shares, mergers, and demergers must be manually adjusted across every purchase lot.
- Complex XIRR: Writing and maintaining XIRR formulas across hundreds of irregular SIP cash flows is prone to errors.
- No Automation: Requires hours of manual maintenance every month.
Best For:
Spreadsheet enthusiasts with technical proficiency who enjoy maintaining their own formulas and data pipelines.
7. Value Research Online — Best for Fund Research & Analysis
Website: valueresearchonline.com
Pricing: Free basic tracking; Premium subscription for advanced features.
Value Research has been India's premier mutual fund rating agency for over two decades. Its portfolio manager is tightly integrated with its extensive research database.
Key Strengths:
- Superior mutual fund analytics, style box exposure, and fund overlap analysis.
- Portfolio X-ray shows the underlying stock holdings inside your mutual funds.
- Trusted, conservative benchmark comparisons.
Limitations:
- Limited stock tracking and zero alternative asset/crypto support.
- Advanced analytics require an expensive Value Research Premium subscription.
- Interface feels cluttered with articles, ads, and research reports.
Best For:
Long-term mutual fund investors who want research-backed fund ratings alongside basic portfolio monitoring.
Head-to-Head: Agni Folio vs. MProfit
To help you decide between MProfit and Agni Folio, here is a detailed breakdown of how they compare across the five most critical dimensions:
1. Pricing & Value
MProfit: Charges ₹18,000/year (+ GST) for HNI accounts and ₹72,000/year for professional accounts. Free tier is virtually nonexistent.
Agni Folio: Provides a comprehensive, unrestricted free plan covering every asset class, unlimited holdings, Astra AI, crypto exchange sync, and digital estate planning. Premium is purely optional for high-precision OCR scan/PDF reading.
2. Multi-Asset & Modern Portfolio Support
MProfit: Excels at traditional Indian assets (BSE/NSE stocks, MFs, FDs, physical gold). Does not support cryptocurrency, web3 tokens, or seamless multi-currency conversions for global assets.
Agni Folio: Supports Indian stocks, MFs, FDs, gold, real estate, insurance policies, loans, and automated crypto exchange sync (Binance, Coinbase, Kraken). Offers 20 base currencies with daily exchange rate updates for over 160 currencies.
3. Device & Cloud Flexibility
MProfit: Primarily Windows desktop software with a hybrid cloud add-on. Clunky on Mac and mobile.
Agni Folio: Cloud-native web platform that works identically across Windows, Mac, iPad, iPhone, Android, and Linux with instant sync.
4. Intelligence & Analysis
MProfit: Traditional static tables and reporting grids. No AI functionality.
Agni Folio: Astra AI provides natural-language portfolio analysis, automatic 6-hour performance summaries, and an open MCP server for Claude and ChatGPT.
5. Legacy & Succession
MProfit: No inactive account detection or nominee transfer mechanism.
Agni Folio: Complete digital estate planning with configurable inactivity timers, nominee alert workflows, and secure document vaults.
How to Switch from MProfit to Agni Folio in 5 Minutes
The biggest hesitation investors have when leaving MProfit is the fear of re-entering years of transaction history. Fortunately, switching to Agni Folio is simple and does not require manual typing:
- Export Your Data from MProfit:
- In MProfit, go to your portfolio, click Export, and download your Transaction History or Current Holdings as an Excel/CSV file.
- Alternatively, download your Consolidated Account Statement (CAS) directly from CAMS or KFintech (for mutual funds) or your demat holding statement from your broker (Zerodha, Groww, Angel One, ICICI Direct).
- Create Your Free Agni Folio Account:
- Head to agnifolio.com and sign in securely with Google.
- Create an account named "Main Portfolio", "Family Trust", or individual member names.
- Use the AI Statement & File Importer:
- Click Import in your Agni Folio dashboard.
- Upload your CSV/Excel file or paste transaction text directly into the importer.
- Agni Folio’s intelligent parser will automatically identify asset types (stocks, mutual funds, FDs), tickers, transaction dates, quantities, and cost basis.
- Review and Confirm:
- Preview the parsed holdings. You have complete control to edit or confirm each row before it is saved. Nothing touches your portfolio until you approve it.
- Instant Analytics:
- Once confirmed, Agni Folio immediately pulls live market prices, computes holding-level and portfolio-level XIRR, charts your asset allocation, and generates your initial Astra AI portfolio briefing.
Frequently Asked Questions (FAQ)
What is the best free alternative to MProfit in India?
Agni Folio is widely regarded as the best free alternative to MProfit in India for multi-asset investors. It offers unlimited tracking of NSE/BSE stocks, mutual funds, FDs, gold, crypto, and real estate, alongside automatic XIRR calculations and Astra AI insights, on a truly free plan without paywalled holding limits.
Why is MProfit so expensive now?
MProfit shifted its business strategy away from consumer retail software toward enterprise wealth managers, family offices, and wealth management firms. Its plans now start at ₹18,000/year (+ GST) for HNIs and ₹72,000/year for professionals, pricing out casual and retail investors.
Can I use Agni Folio on a Mac or iPad?
Yes. Unlike MProfit's desktop-first Windows software, Agni Folio is a responsive cloud-native web application. It runs smoothly on macOS (Safari, Chrome, Arc), Windows, iPadOS, iOS, Android, and Linux without installing heavy executables.
Does Agni Folio require my broker passwords or email access?
No. Agni Folio never asks for your demat credentials, broker trading passwords, or access to your private email inbox. You import data via CSV, Excel, CAS statements, or text paste, ensuring maximum privacy and data security.
How does Agni Folio calculate investment returns?
Agni Folio uses XIRR (Extended Internal Rate of Return), which accounts for the exact timing and amount of all cash flows (SIP installments, dividend payouts, lump sum additions, and partial sales). This provides an accurate picture of your actual annualized return compared to misleading simple percentage gains. Read our detailed guide to XIRR calculation to learn more.
Can I manage multiple family member portfolios?
Yes. Agni Folio allows you to create separate accounts for individual family members (e.g., self, spouse, parents, children) under one login, while also viewing a consolidated net worth dashboard across the entire family.
The Verdict: Which MProfit Alternative Should You Choose?
If you are a chartered accountant who requires deep Tally integration and batch contract note processing for hundreds of clients, traditional software like iRecord remains the closest equivalent to MProfit's legacy workflows.
However, if you are an individual investor, NRI, HNI, or family managing your own wealth, paying ₹18,000+ per year for outdated desktop software makes little sense in 2026. Agni Folio delivers everything modern investors need—complete multi-asset tracking, accurate XIRR, AI portfolio chat, crypto sync, and automated estate planning—on a generous free plan that puts you in total control.
Ready to switch to a modern, free portfolio tracker? Get started with Agni Folio today and set up your portfolio in minutes.
