StepTrade Share Services

StepTrade manages SEBI-registered Alternative Investment Funds, primarily Category II and III. Its listed vehicles include the Chanakya Opportunities Fund series and the Steptrade Revolution Fund series. The firm also holds an FPI license, which creates a regulated onshore-offshore funnel for global investors to participate in the same SME-equity strategies.

The firm's core strategy targets companies already listed on India's SME exchanges, not private pre-IPO rounds. The logic is to capture the value expansion that occurs when a company migrates from the SME board to the main exchange, while having a daily market price and regulatory filings to inform underwriting.

StepTrade uses an in-house research function that scans the NSE Emerge and BSE SME universes for companies with strong governance, scalable business models, and a plausible path to main-board listing. The firm supplements fundamental analysis with thematic macro research on India's capex cycle, covering sectors from green hydrogen to biopharma.

The firm does not target large-cap equities, private venture capital, or passive index strategies. Its content makes clear it selects only for SME- and microcap-listed companies, avoiding sectors without a visible main-board migration pathway.

StepTrade does not publicly name its investment committee or individual portfolio managers. The firm markets itself as a team-based, research-driven manager, but no named principals appear on its website or in its regulatory filings accessible through this research.