- Category
- III
- Strategy
- Long-only
- Fund house
- Steptrade Capital
Revolution Fund 1
−2.53%
1-year return, after expenses, before tax
Benchmark NIFTY 500 & Debt Composite Index · data as of 31 Aug 2026
Revolution Fund 1, a Category III long-only AIF from Steptrade Capital, returned −2.53% (after expenses, before tax) in the year to 31 Aug 2026. It began on 1 May 2024 and manages ₹167 crore.
Key numbers
- AUM
- ₹167 Cr
- Benchmark
- NIFTY 500 & Debt Composite Index
- Launched
- 1 May 2024
- Min. investment
- ₹1 crore
- Returns basis
- After expenses, before tax
Returns
| Period | This fund | NIFTY 500 & Debt Composite Index |
|---|---|---|
| 1 month | +7.17% | +5.41% |
| 3 months | +13.87% | +12.35% |
| 6 months | +22.20% | +24.79% |
| 1 year | −2.53% | +15.41% |
| Since inception | +13.90% | +12.00% |
After expenses, before tax, as Steptrade Capital reports them, to 31 Aug 2026. AIFs report returns on different bases, so compare like with like.
Fund details
- Category
- Category III
- Strategy
- Long-only
- Market-cap style
- SME / micro cap
- Asset type
- Equity
- Benchmark
- NIFTY 500 & Debt Composite Index
- Fund manager
- Ankush Kumar Jain and Kresha Gupta
Investment approach
Long term wealth creation through SME Investments in Listed Market space
Investment in profitable companies that shows clear growth potential.Priority to the SME and Microcap companies with high return on equity (ROE).ssessment of risk-reward ratios, avoiding value errors and short-term trends.
About the fund manager
Ms Kresha Gupta — Fund Manager
Kresha Gupta is a highly qualified and experienced Chartered Accountant (CA) and a member of the Institute of Chartered Accountants of India (ICAI). She has a distinguished academic record and has gained significant expertise in the field through her management and consulting experience. Kresha's extensive experience spans across both corporate and consulting roles in Finance, Accounts, MIS, Tax Advisory, Investor Relations, Treasury, and other areas. Prior to founding Gupta KK & Associates, Kresha worked with Vodafone Idea Limited, where she held the position of Assistant General Manager and was responsible for Investor Relations and Treasury, reporting directly to the Chief Financial Officer. At Gupta KK & Associates, Kresha spearheads an integrated one-stop service firm that offers end-to-end solutions in Equity & Debt Management, Fund Raising, and other related areas. With her deep understanding of equity and debt instruments, Kresha manages a diversified portfolio of equities and other debt instruments for her clients.
Mr Ankush Kumar Jain — Fund Manager
Ankush Kumar Jain is a seasoned financial professional with a strong background in investment management. As a Chartered Financial Analyst (CFA) and member of the Institute of Chartered Financial Analysts of India (ICFAI), he brings a wealth of expertise to his role as Fund Manager at ACE Shares Private Ltd, which he joined in 2022.Prior to his current position, Ankush worked at Edelweiss Wealth Management in Ahmedabad as part of the Investment Advisory division, where he focused on the Structured Product and AIF segments. He began his career in 2007 as a Research Analyst at Raghunandan Securities, where he honed his skills in commodities and currencies. With 12 years of experience in the Indian equity markets, Ankush has developed a deep understanding of fundamental, technical, and derivative strategies.Ankush holds a B.Com degree from St. John’s College, Agra University, which he earned in 2007. He is also a SEBI Registered Investment Advisor (Registration No. INA000012041), having obtained his registration in November 2018. Ankush's expertise and experience make him a valuable asset to the ACE Shares team, where he leverages his extensive knowledge to help clients achieve their investment goals.
As the fund house describes it.
FAQs
What has Revolution Fund 1 returned?
−2.53% (1-year return) to 31 Aug 2026, after expenses, before tax, as Steptrade Capital reports it. 1 month: 7.17%; 3 months: 13.87%; 6 months: 22.20%; 1 year: −2.53%; Since inception: 13.90%.
What kind of AIF is Revolution Fund 1?
A Category III AIF following a long-only strategy, with an SME / micro cap style. Category III AIFs trade listed and unlisted securities and may use leverage and derivatives, including short positions.
How much does Revolution Fund 1 manage?
₹167 crore as of 31 Aug 2026.
What is the minimum investment in an AIF?
SEBI sets the minimum at ₹1 crore per investor (₹25 lakh for the fund’s own employees and directors). Revolution Fund 1’s stated minimum is ₹1 crore.
Who manages Revolution Fund 1?
Steptrade Capital runs it; the fund managers are Ankush Kumar Jain and Kresha Gupta.
How are AIF returns reported?
Each fund house reports its own returns on its own basis: Revolution Fund 1’s are after expenses, before tax. Bases differ from fund to fund, so compare like with like.
For information only. Not investment advice or a research report. Past performance does not guarantee future returns. AIF investments carry higher minimums and risks; read the private placement memorandum.
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