Steptrade Capital has announced the first close of its third Alternative Investment Fund (AIF)—the Steptrade Revolution Fund-II (SRF-II)—with a total deployment target of ₹1,000 crore. The fund will channel investments into India’s listed and unlisted small and microcap businesses, a segment crucial to India’s real economic engine.
A Focused Strategy on Bharat’s Core Sectors
SRF-II builds on the momentum of its predecessors—Chanakya Opportunities Fund and Steptrade Revolution Fund-I—by continuing to back high-growth potential businesses across underpenetrated sectors. The fund’s investment scope will span:
- Renewables
- Defence
- Waste Management
- Infrastructure
“This early close shows that investors believe in our strategy. Our focus is clear – bottom-up research, strong sector depth, and disciplined capital allocation in businesses that matter to India’s real economy,” said CA Kresha Gupta, Director and Fund Manager at Steptrade Capital.
Multi-Format Investment Expertise
Steptrade Capital is uniquely positioned with operational capabilities across all SEBI-regulated investment vehicles, including:
- Alternative Investment Funds (AIF) Categories I, II & III
- Portfolio Management Services (PMS)
- Foreign Portfolio Investment (FPI)
The firm collaborates with both domestic and international investors, employing deep research and structured deal-making to unlock value in India’s SME and mid-market landscape.
Driving Capital into India’s Growth Engine
With SRF-II, Steptrade is doubling down on bottom-up investing, identifying companies with strong fundamentals, long-term moats, and scalability in sectors aligned with India’s national priorities and development goals.
The move is part of a broader industry shift where micro and small-cap funds are seeing increased traction due to India’s resilient economic growth, public market enthusiasm, and policy tailwinds in core infrastructure sectors.