The fund will allow foreign investors to invest into India’s thriving SME sector and support India’s growth and development
Ahmedabad, October 4th 2024: Investment management firm StepTrade Share Services has made a significant global leap with the launch of ‘Steptrade India Fund’ through GIFT city. This fund allows global investors to tap into India’s burgeoning SME sector and positions Steptrade as a key player on the international stage.
StepTrade Share services, founded by one of the youngest and dynamic fund managers in the country, CA Kresha Gupta, aims to help investors unlock the potential of small and mid-sized companies. It has developed its expertise to become a trusted leader in the financial services industry, guiding investors towards success since 1993. The fund, headquartered in GIFT city, has a financial target of backing Indian SMEs to the tune of Rs 1000 crore in the near term. This will in turn help towards substantial growth and development across the country.
According to a Assocham- Crisil report , MSMEs account for 27 percent of India’s GDP and serve as the backbone of the economy. As of June 2023, there were 20.09 million registered MSMEs. The Steptrade India Fund empowers global investors to play a pivotal role in tapping into this thriving ecosystem. SMEs are also driving India’s rapid growth and technological advancement. The Steptrade India Fund offers an unparalleled opportunity for investors to be at the forefront of this powerful economic transformation. This ambitious goal underscores Steptrade’s commitment to reshaping the financial landscape and strengthening its global presence.
“GIFT City is rapidly establishing itself as a global financial powerhouse, providing unparalleled access to India’s extraordinary growth. With the launch of the Steptrade India Fund, we are not merely supporting the expansion of India’s SME sector; we are opening doors for international investors to engage with one of the most vibrant and high-potential segments of the Indian economy. This initiative aligns seamlessly with India’s vision of establishing GIFT City as a premier global financial hub,” said Kresha Gupta, Director and Founder of StepTrade Share Services.
Steptrade holds licences across AIF categories and is certified to provide Portfolio Management Services. Building on the success of the Chanakya Opportunities Fund and the Steptrade Revolution Fund, Steptrade is driven by a bold vision to become the largest Asset Management Company (AMC) dedicated to empowering SMEs. The ethos of the Steptrade Share Services has been built around understanding that every investor has unique needs. Its dedicated team of experienced professionals is committed to building strong relationships and developing personalised investment solutions. The company leverages its expertise to help investors navigate the ever-changing market and achieve their financial goals.
