Steptrade Capital has announced the first close of its third Alternative Investment Fund, Steptrade Revolution Fund-II (SRF-II), with a total deployment target of ₹1,000 crore.
The fund will invest in India’s listed and unlisted small and microcap businesses.
SRF-II is the second offering under the Revolution Fund banner, following the strong performance of Chanakya Opportunities Fund and Steptrade Revolution Fund-I.
The fund actively seeks to back resilient, innovation-driven companies across renewables, defence, waste management, infrastructure, and other emerging themes.
Kresha Gupta, Director and Fund Manager at Steptrade Capital, said, “This early close is a strong vote of confidence from our investors. It reflects the strength of our investment philosophy—rooted in bottom-up research, market depth, and a clear focus on value creation in sectors that matter. We’re proud to be building capital bridges for India’s real economy.”
Ankush Jain, CFA, Director and Fund Manager, said, “In microcap investing, timing and structure matter as much as the idea itself. SRF-II reflects a disciplined approach where every allocation is backed by depth of research, clear valuation logic, and a focus on protecting downside while capturing structural upside. At Steptrade, we are building portfolios that can compound quietly, through cycles.”
Steptrade is an investment management entity with SEBI license across all 3 AIF categories, PMS, and FPI management. Steptrade is built on a deep-rooted specialization in SME investments. The company launched India’s first SME Exchange centric AIF — Chanakya Opportunities Fund I, and have been at the forefront of backing high-potential SME companies across India.
Operating across all AIF categories (I, II, III), PMS, and FPI, Steptrade now offers one of the most comprehensive investment platforms in the country, catering to domestic and global investors looking to tap into India’s next growth frontier: its small and ambitious enterprises.
