StepTrade Share Services Set to Launch ₹1,000 Crore India Fund at Gift City

StepTrade Share Services, an investment management firm, has obtained Special Economic Zone (SEZ) approval to establish its India fund office at GIFT City in Gandhinagar. According to an official statement released on Monday, this development paves the way for the company to introduce a ₹1,000 crore India-focused fund within the next six months, pending FME and scheme approval.

The forthcoming India fund will prioritize investments in the small and micro-cap segment. Small and mid-cap funds offer investors diversification benefits by exposing them to a wide array of companies at different growth stages. Foreign investors will have access to the Indian markets through the StepTrade India fund.

Additionally, investors can expect tax-free returns on their investments, shielded from the risks associated with currency fluctuations, as highlighted in the release. Kresha Gupta, Founder and Director of StepTrade Share Services, emphasized the company's commitment to contributing to India's growth trajectory. Launching the fund at GIFT City signifies a significant step towards realizing this objective.

The India fund's establishment will enable founders and promoters to leverage the advantages afforded by the SEZ framework and the robust infrastructure of GIFT City. StepTrade Share Services aims to facilitate capital access and promote investment in Small and Medium Enterprises (SMEs), thereby fostering their expansion and success.

HBL