Fund Snapshot
|
Type
|
CAT III Close Ended
|
|
Launch Date
|
Jun-23
|
|
Current NAV (As on 25th Jun’ 25)
|
₹18.45
|
|
Base NAV
|
₹10.00
|
|
XIRR
|
36.27%
|
|
AUM
|
₹139.06Cr
|
|
Allocated for Pre- IPO investments
|
25%
|
|
Allocated for anchor investments in IPOs
|
40%
|
|
Allocated for QIB investments in IPOs
|
35%
|
|
Lock – In period
|
36 Months from the date offinal closing
|
|
Hurdle Rate
|
12% P.A
|
|
Performance Fee (No Catch Up)
|
20% over and above the hurdle rate of 12% (Charged atthe end ofthe performance period)
|
|
Operating Expenses
|
At actuals, capped at 0.25% per annum ofthe average daily NAV
|
|
Redemption
|
Post the Lock-in Period,the Contributor has the rightto exit(eitherfully or partly) from theFund
|
|
Custodian
|
ICICI Bank, Nariman point, Mumbai
|
|
Registered Transfer Agent
|
CAMS (Computer Age Management Services)
|
|
Trustee
|
Orbis Trusteeship
|
Steptrade Revolution Fund – Series 2,is a new AIF launched by Steptrade Capital in Jun -25. The investment activitywill begin from Jul-25. The fund is open for new investors, and any investors joining now will get the unit allocation at the base NAV of 100Rs. Investors can start with 20% of the commitment and will get 1 year to invest the remaining 80%.
Top 5 Exits in Steptrade Revolution Fund – Series 1
|
Company
|
Realised Gain
|
% Returns
|
|
Jaybee Laminations
|
Rs. 4,23,01,771
|
142.1%
|
|
RNFI Services
|
Rs. 1,23,12,873
|
83.21%
|
|
Fabtech Technologies
|
Rs. 79,43,081
|
27G.1G%
|
|
Trom Industries
|
Rs. 57,70,497
|
116.86%
|
|
Esprit Stones
|
Rs. 47,68,799
|
47.48%
|
Management Fees
|
Class
|
Class A1
|
Class A2
|
Class A3
|
|
Amount
|
INR 1–5 Crore
|
INR 5–10 Crore
|
INR 10 Crore +
|
|
Fixed Management Fees
|
2.50% p.a.
|
2.10% p.a.
|
1.75% p.a.
|
Performance fees illustration:
Assuming, fund delivers 30% returns, the performance fee will be calculated as follows:
|
Returns delivered
|
30%
|
|
Hurdle Rate
|
12%
|
|
Returns eligible for performance fees
|
18%
|
|
Performance fees applicable
|
20%*18% = 3.6%
|
