Not at all, you can choose anyone of the below 3 options:   Upload your excel file; Upload your e-statements that you would receive from your Bank/MF in your Inbox as attachment (pdf/html). Kotak MoneyWatch currently recognizes close to 500 such e-statements, for upload in seconds. Link directly to your bank/Mutual fund/Equity/Insurance etc. online account. Kotak MoneyWatch securely fetches transactions (only) automatically. Kotak MoneyWatch currently supports around 200 Indian institutions for automatic updates. You can always enter data manually, but we would not suggest that as our automated system is in place to do exactly that.