#Personal finance software reviews 2016 full

However, personal finance software does not replace the need of a financial planner and vice versa. Many of us use the services of professional financial planners to manage our finances. Hence, it is important to get organised,” says Biren Shah, managing director, Adit Microsys, developer of Easy Life. There are numerous cases where insurance agents do not give proper services for reminders and policies that are lapsing matured deposits are not collected in time post office savings, which have matured, lie unclaimed and stocks are not bought or sold as per targets set, resulting in huge losses for investors.

Many of them also take loans for various purposes. How does personal finance software help? “High-income individuals tend to be very busy and many of them are unable to stay organised in their personal finances. In this story, we discuss the four leading personal finance software from India-Perfios, MProfit, Easy Life and Invest Plus.

#Personal finance software reviews 2016 full

“Personal finance software should be able to provide a full view of one’s entire finances at any given point in time in the most automated way,” says Aditya Prasad, chief evangelist, Perfios. If, like Krishnamorthy, you too want to sort out your personal finances and organise your financial life, then personal finance software is just what the doctor ordered. After trying out several personal finance software, he settled for Perfios, which he found best suited to his needs. Krishnamorthy, a retired Indian Railways officer, felt the need for a single tool with which he could manage all his investments and also know their status at any point of time, duly updated automatically in real time.

Krishnamorthy’s investment portfolio comprises a range of financial instruments including direct equity shares, mutual fund units (both equity and debt), bonds, bank savings account, and fixed deposits.