Steptrade Share Services, a Asset Management Company (AMC) specialising in Alternative Investment Funds (AIF), Portfolio Management Services (PMS), and Fund Management under IFSCA regulations, has announced the launch of a ₹1000 crore SME and microcap fund that includes a ₹500 crore green shoe option. Steptrade Revolution Fund – Series II (SRF-II) is a close-ended Category […]
India’s Alternative Investment Fund AUM triples in 5 years – CNBC TV18
India’s Alternative Investment Funds (AIFs) have experienced decent growth in Assets Under Management (AUM) over the past five years. This reflects a shift in investment preferences among high-net-worth individuals (HNIs) and institutional investors. According to EY data, in 2019, the AUM for AIFs stood at approximately $34.4 billion. By 2023, this figure had nearly tripled […]
Understanding the Expense Ratio in Investment Funds
An expense ratio is a key metric that measures the costs associated with managing and operating an investment fund, such as mutual funds or ETFs. Represented as a percentage of the fund’s average assets under management (AUM), it includes management fees, administrative fees, and other operational expenses. Raj Khosla, Founder & MD of MyMoneyMantra.com, stresses […]