StepTrade Share Services Secures FPI License for StepTrade India Fund

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StepTrade Share Services, the trailblazing asset management company known for launching India’s first successful SME-Exchange-focused CAT II AIF, Chanakya Opportunities Fund, has achieved another significant milestone. Its recently launched CAT III AIF in GIFT City, Gandhinagar, StepTrade India Fund, has been granted a Category I Foreign Portfolio Investor (FPI) license, officially opening the doors to foreign investors.

The StepTrade India Fund represents StepTrade’s debut initiative at GIFT City. With the FPI license and registration as a Restricted Non-Retail Scheme under the IFSCA FM Regulations, the open-ended CAT III AIF underscores the firm’s commitment to aligning local expertise with global investment standards.

This fund is exclusively tailored for private and accredited investors, offering the dual advantage of a Category III AIF framework with the international reach and flexibility of a Category I FPI license.

“I have always envisioned taking StepTrade to new heights, and the launch of StepTrade India Fund marks a significant milestone for our company. With the FPI license, StepTrade is set to welcome foreign investors, fostering global partnerships and contributing to the growth of our economy. Our focus stays strong on helping small and medium businesses, encouraging innovation, and creating opportunities in the SME sector.” says Kresha Gupta, Founder and Director of StepTrade Share Services.

StepTrade Share Services continues to demonstrate its prowess with a diversified portfolio of investment solutions:

➢ StepTrade Opportunities Fund (CAT I AIF)
➢ Chanakya Opportunities Fund (CAT II AIF)
➢ StepTrade Revolution Fund (CAT III AIF)
➢ Portfolio Management Services (PMS)
➢ StepTrade India Fund (CAT III AIF & CAT I FPI)

Furthering its legacy of innovation, StepTrade’s launch of StepTrade India Fund at its International Financial Services Centre (IFSC) branch underscores a bold stride into the global financial landscape.

Designed specifically for foreign and accredited investors, this fund reflects StepTrade’s strategic vision of attracting international capital while reinforcing its leadership in investment management.

StepTrade’s continued success is a testament to its expertise in identifying high-growth sectors and delivering exceptional value to its investors. With this new venture, the firm is poised to expand its global footprint and strengthen its reputation as a trusted partner for discerning investors worldwide.