Steptrade Revolution Fund II

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Fund Snapshot

Type	CAT III Close Ended
Launch Date	Jun-23
Current NAV (As on 25th Jun’ 25)	â‚¹18.45
Base NAV	â‚¹10.00
XIRR	36.27%
AUM	â‚¹139.06Cr
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%