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% |
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Disclaimer: Investing in AIF, PMS, Gift City or Mutual Fund is subject to market risk. Please read the related documents carefully. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. Actual portfolios may differ as a result of account size, client-imposed investment restrictions, the timing of client investments and market, economic, and individual company factors. We at ALTPORT do not guarantee any returns in the hands of investors, nor do we take any sort of accountability for the performance of the scheme.