About Company
StepTrade Share Services Private Limited
StepTrade Capital, based in Ahmedabad, India, is an investment manager that focuses on small and micro businesses. Kresha Gupta, the youngest female fund manager in India, started the company. It manages over ₹350 crore in assets using SEBI-registered Alternative Investment Funds and Portfolio Management Services.
The company is well-known in the SME IPO market, often serving as an anchor investor using a research-based approach. Their main fund, the Chanakya Opportunities Fund, is the first AIF in India that is totally focused on small company stocks. StepTrade's goal is to achieve strong growth by investing in solid, creative small businesses.
STEPTRADE REVOLUTION FUND – SERIES I
Fund Snapshot
| Fund type | Open Ended Category III AIF |
| Investment Manager | StepTrade Share Services Private Limited |
| Fund Manager | Ms. Kresha Gupta |
| Minimum Investment | INR 1 Cr |
| Inception Date | 04th Mar 2024 |
| Fund Tenure | The Fund is open-ended with no definite tenure and shall terminate in accordance with the terms of the Fund Documents |
| Commitment Period | Not Applicable |
| od Not Applicable | Upto 2% |
| Additional Return | 20% for class A1, A2,A3 (No catch up) |
| Hurdle Rate | 12% pre-tax, post expenses on CAGR basis |
| Fund Expenses | At actuals, capped at 25 bps p.a. |
Fund Overview
Objectives & Fund Terms
Investing in undervalued SME/Microcap stocks to create long-term value for investors and entrepreneurs with a
strong focus on exit and risk management.
1. SELECTION OF SME/Microcap LEADERS
2. ACCESS TO QUALITY IPOs
3. RISK MANAGEMENT
As of 13th June 2025
NAV^ – 124.8461
CAGR – 19.03%
Portfolio Investments by Type
Cash and cash Equivalent
Listed Investments
Anchor & QIB Investments
Unlisted Investments
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Kresha Gupta
Kresha Gupta is an investment professional who specializes in SME and microcap strategies, emphasizing disciplined research, risk management, and scalable growth opportunities. She is the Director and Fund Manager at Steptrade Capital, an investment management firm that operates in all three SEBI-registered AIF categories and holds an FPI license. Kresha, a Chartered Accountant who qualified at the age of 20, brings extensive financial knowledge and over seven years of experience in the capital markets. She oversees Steptrade Capital's SME and microcap investment initiatives, including the Chanakya Opportunities Fund—India's first SME-focused AIF—and the Steptrade Revolution Funds I and II. Her investment strategy is based on rigorous bottom-up research, promoter assessment, and identifying innovation-driven businesses with long-term value creation potential. Kresha's accomplishments demonstrate her enthusiasm for learning, adaptability, and unwavering commitment to promoting business growth in India. By constantly evolving her strategies and staying ahead of market trends, she remains committed to maximising value for her investors and shaping the future of investments. Her market insights and perspectives have been covered by CNBC Awaaz, Moneycontrol, the Economic Times, Business World, and the Financial Times. She is still making an impact on India's investment landscape today by using a data-driven, innovation-oriented, and institutionally aligned fund management approach.
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The fund focuses on identifying undervalued SME and microcap companies with strong long-term growth potential. The strategy combines listed investments, anchor/QIB IPO participation, and selective unlisted opportunities.
The minimum investment amount for the fund is INR 1 crore.
The fund is an open-ended Category III AIF, allowing ongoing participation and redemptions as per the fund terms and applicable conditions.
The fund is managed by Kresha Gupta under StepTrade Share Services Private Limited.
The strategy places strong emphasis on risk management, disciplined stock selection, liquidity planning, and structured exits while focusing on quality SME and microcap businesses with scalable potential.