invest in large, mid & small cap companies at one go emerging … · 2019. 10. 11. · invest...

1Mutual Fund Investments are subject to market risk, read all scheme related documents carefully.

Principal Emerging Bluechip Fund (An open ended equity scheme investing in both large cap and midcap stocks)

This Product Is Suitable For Investors Who Are Seeking~-Long term Capital Growth.Investment in equity & equity related securities including equity derivatives of large & mid

capitalization companies Investors understand that their principal will be at moderately high risk

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Invest in large, mid & small cap companies at one go

An open-ended equity scheme investing in both large cap and mid cap stocks

Emerging Bluechip Fund

Emerging opportunitiesthat could help to generatelong term wealth

FUNDS INSIGHTSeptember, 2019

Mutual Fund

1

IndexDetails

Equity Markets Round Up 2

Fixed Income Market Update 3

How to Read Factsheet 4

Product Suitability 5

NAV (Net Asset Value) 6

Principal Fixed Income Funds Snapshot 7

Principal Equity/Hybrid Funds Snapshot 8

Systematic Investment Plan (SIP) Returns 9

Equity Funds

Principal Emerging Bluechip Fund 11

Principal Multi Cap Growth Fund 12

Principal Tax Savings Fund 13

Principal Personal Tax Saver Fund 14

Principal Small Cap Fund 15

Principal Focused Multicap Fund 16

Principal Dividend Yield Fund 17

Principal Nifty 100 Equal Weight Fund 18

Hybrid Funds

Principal Arbitrage Fund 19

Principal Hybrid Equity Fund 20

Principal Balanced Advantage Fund 21

Principal Equity Savings Fund 22

Fixed Income FundsPrincipal Cash Management Fund 23

Principal Low Duration Fund 24

Principal Short Term Debt Fund 25

Principal Dynamic Bond Fund 26

Principal Credit Risk Fund 27

Principal Ultra Short Term Fund 28

Solution Oriented Funds

Principal Retirement Savings Fund (Progressive Plan) 29

Principal Retirement Savings Fund (Conservative Plan) 30

Principal Retirement Savings Fund (Moderate Plan) 31

Fund of Funds

Principal Global Opportunities Fund 32

Other Details

Annexure for returns of all the Schemes 33

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EQUITY & DEBT

MARKET OUTLOOK

Equity Markets Round Up: September 2019

• IndianequitymarketsralliedinSeptember,andMSCIIndia(USD)indexoutperformedtheMSCIEM(USD)indexby1.85%duringthemonth.TheNiftyIndexwasup4.12%duringthemonth.Theperformanceofthemarketswasbroadbasedwiththemidcapandsmallcapindicesalsodoingwell,andinfactoutperformingthelargecapindices.Theupmovewasdrivenbythesharpcutsintaxratesthatthegovernmentannouncedforcorporates(to25%includingsurchargeetc.forallcorporates)withfurtherlowertaxrates(17%includingsurchargeetc.)forcorporateswhosetupnewcompaniesformanufacturing.ThesecutsbringtaxratesinIndiainlinewithmostcountriesinAsia-Pacific.ThetaxcutsareacontinuationoftheearlierstepsthatthegovernmenthadtakeninAugust/earlySeptembertoimproveeaseofdoingbusiness.Somespecificsectorswhichwereprovidedhelpwereautomobiles(increaseddepreciationallowed), infrastructure(expeditingdelayedpayments),manufacturing(automaticpermissionfor100%FDIincontractmanufacturing),exports(newprioritysectorlendingnormsforexportsetc.),housing(providelastmilefundingforcompletionofongoinghousingprojects)etc.However,theimpactofthetaxcutsonrevivingeconomicgrowthwillbelagged,asthesemeasureshelponthesupplyside,whilethedemandsideremainsaconcern.

• Autosalesremainweak,thoughSeptembervolumenumbershaveshownsequentialimprovementoverAugust.Consumerdemandcurrently remains tepid, thoughearly indicationsare that the festival seasonhasbegunona slightlybrighternote.Permediareports,thefestivalseasonsalesannouncedbyacoupleoflargeonlinemarketplaceshavehadaverygoodresponse,especiallyfromTier2/3towns.However,lookingatdatapointsforJuly-September(autosales,growthincredittoindustry,railwayfreighttraffic,exportnumbers)theGDPgrowthnumbersforQ2,FY20maynotbeverymuchbetterthanthatforQ1.

• Intermsofflows,FPIflowsturnedpositiveforIndiainSeptemberaftermeaningfuloutflowsinJulyandAugust.AccordingtoJPMorgandata,monthtodateflowsintoEMequity(tillSep25)werenegativeatUSD3BN.However,thiswasanimprovementoveroutflowsof19.3BNinthepreviousmonth.

• Globally,theUSFedcutratesby25bpsatitsSeptembermeetingandsaidthatfutureactionswouldbedatadependent.TheECBalsodeliveredsubstantialmonetaryeasingbycuttingitspolicyrateandreintroducingQE(assetpurchasesofEUR20BNamonthfromNovember,withnospecifiedenddate).

Equity Market Outlook

• ThetaxcutsareexpectedtoimpacttheNiftyearningsEarningsforFY20willlikelybebelowinitialexpectationsgiventhecurrentweakness indemand (both indomesticdemandand inexports) and lowerthanexpectedprofitgrowthfrombanks.However,thevaluationsformarketsareinlinewithlongtermaverages.Also,valuationsforequityrelativetothesovereignyieldarefairlyattractive.

• Thepositivesforthemarketarelowoilprices,cheapercostoffunds,agoodmonsoon(thoughsomeareashavealsobeenimpactedbyfloods),multipleeffortsbythegovernmenttorevivethebusinesssentiment,andseriousmovesbythegovernmenttoprivatizesomeofitsassets.Neartermrisksareeventrisksontheglobalgeopoliticalfront,negativesurprisesonstressedassetswithbanks/NBFCs,consumerdemandcontinuingto remainweakandpotential rise in interest rates ifthere isasharp rise ingovernmentborrowing.

• Weexpectthemarketstomoveinarangewithanupwardbiaswithawatchfuleyetowardsearningsgrowth.

Data Item Growth

1 Month 1 yearMSCI EM Index (USD) 1.69 -4.48MSCI EM Index Local 1.26 -2.74MSCI World Index (USD) 1.94 -0.18Nifty 100 Equal Weight Index 4.17 -2.45Indian Rupee 0.75 2.24Dollar Index (DXY) 0.47 4.46Crude Oil- Brent 0.58 -26.52CRB Index 0.11 -6.60Gold -3.15 23.65Copper 0.86 -8.52Iron Ore 4.98 41.10Cotton (Cotlook A Index) 1.43 -18.39JPMorganEMFXIndex 0.62 -2.94Data as on 30th September 2019.Source:Bloomberg,NSDLandSebi websites

Indicators August-19 September-19FIInetflows(Rs.Crs) -17,592 7,548MutualFundnetflows(Rs.Crs) 17,200 10,961Exports (USD Billion) 26.33 26.13Imports (USD Billion) 39.76 39.58CPI 3.15 3.21IIP 2.00 4.30Dataason30thSeptember2019.Souce:Bloomberg,NSDLandSebiwebsites

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Fixed Income Market Update: September 2019• Duringthemonthwesawyieldsriseacrossgiltsandcorporatebondsduetofiscalworries,flareupinoilprices,riseinglobal

bondyieldsandtaxcutsbygovernment.TbillyieldssoftenedonbackofamplebankingsystemliquidityandexpectationsoffurtherratecutinOctober.CDandCPyieldsroseduetoredemptionsandmuteddemandbymutualfunds.

• ThemaineventforthedebtmarketwastheannouncementsbytheFMon20thSeptentailingsubstantialchangestoinIndia’scorporatetaxstructure.Asfarasthedebtmarketisconcerned,themainimpactwouldbeonthefiscal.TheFMindicatedthatthetaxcutmeasureswouldentailataxrevenuelossofRs1.45lakhcrores(0.7%ofGDP).Ofthis,0.45%ofGDPmayaccruetothecentralgovernment,andtheresttothestates.Thusthecentralgovernmentfiscaldeficitbudgetedestimateof3.3%islikelytobebreached.Statefinancescouldalsocomeundersomepressure.Giltyieldsrosesharplyonthenews.Bondyieldsandmoneymarketratesalsorosethoughtheimpactherewaslesser.HowevertheFMlaterindicatedthatsoareviewofthefiscal deficit target will be done closer to February 2020 and government sources also indicated that Sovereign Bond Issuance maybeundertaken.Thesecommentshelpedtostemthecontinuousfallinprices

• RealGDPgrowthforthequarterApriltoJune2019cameinat5%,muchlowerthananalysts’forecasts.Privateconsumptiondemandwashithard,investmentremainslacklustre,andexportgrowthhasslowed.Theslowdownispartlycyclicalandpartlystructural.OverpastoneyeartheNBFCcrisiswhichstartedwithIL&FSandweakeningglobalgrowthhavebeentwoofthemaincyclicalfactors.

• Towardstheendofthemonth,RBIreleasedthemuchawaitedreportoftheInternalWorkingGroupwhoweretaskedwithdoingareviewoftheLiquidityFramework.keyrecommendationsisasfollows:

o The current liquidity management framework should largely continue in its present form- a corridor system with the call money rate as the target rate. The framework should beflexible.While the corridor systemwould normally require thesystemliquiditytobeinasmalldeficit,iffinancialconditionswarrantasituationofliquiditysurplus,theframeworkshouldbeadaptable.

• Thetenyrgiltbenchmarkclosedthemonthat6.70%,14bpshigherthanpreviousmonth.ThetenyrAAACorporatebondbenchmarkclosedat7.87%,20bpshigherthanpreviousmonth.ThefiveyrAAAcorporatebondbenchmarkclosedat7.44%,8bpshigherascomparedtopreviousmonth.TenyrSDLspreadscontractedtoarangeof45-50bpsonanaveragetothetenyrgiltbenchmark.

• 1yearCDratesrose20bpstocloseat6.63%.1yrTbillyieldclosed20bpslowerat5.50%.3monthCDratesclosedat5.75,20bpshigherthanpreviousmonth.

• BrentCrudeoilpricesroseduringthemonthduetoattackonSaudiArabia’sfacilitiesbeforefallingtoendthemonthatUSD59.85perbarrelsimilarlevelsaspreviousmonth.INRappreciatedto70.87ascomparedtoRs71.41inpreviousmonth.ForthemonthofSeptember,FPIswerenetsellersinthedebtmarkettothetuneofRs5894cr.India’sAugusttradedeficitcameinatUSD13.45bn,similarlevelsaspreviousmonth.

• AugustCPIinflationreleasedduringthemonthcameinat3.21%ascomparedto3.15%inJuly.Coreinflationhasmoderatedto4.1%from4.4%inJuly.

• JulyIndustrialproduction(IIP)growthcameat4.3%comparedto1.2%forpreviousmonth.

• BankingSystemLiquidityremainsample.ForthemonthofSeptemberithasrangedbetween0.35lakhcroreto1.70lakhcrore.

Outlook:

• WeexpectRBItocutkeyratesby15to25bpsinitsupcomingMonetaryPolicyReview

• WeexpectBankingSystemliquiditytocontinuetoremaincomfortablethoughlowerthanSeptemberonbackofadvancetaxoutflowsandhighercurrencyincirculation

• Weexpectmoneymarketratestooverallremainrangeboundwithadownwardbiasduringthemonth.

Index 1 Month(%)

3 Months(%)

6 Months(%)

1 Year(%)

Broad Indices

Nifty 50 11477 4.12 -2.64 -1.26 5.00

S&PBSESensex 38667 3.57 -1.85 -0.01 6.74

S&PBSE100 11581 3.96 -2.76 -1.93 3.95

S&PBSE200 4794 4.02 -2.69 -2.31 3.51

S&PBSE500 14810 4.05 -3.15 -3.23 2.52

S&PBSEMIDCAP 14104 4.73 -4.76 -8.89 -4.46

S&PBSESMALLCAP 13171 5.07 -7.50 -12.35 -8.73

Performance As on September 30, 2019*

Index 1 Month(%)

3 Months(%)

6 Months(%)

1 Year(%)

Sectoral Indices

S&PBSEAUTO 16762 6.30 -6.38 -10.96 -21.95

S&PBSEBankex 32889 6.27 -5.96 -3.67 17.49

S&PBSECD 25873 10.47 -0.98 8.45 35.22

S&PBSECG 18695 10.35 -5.84 1.21 9.27

S&PBSEFMCG 11767 6.23 3.57 0.22 2.30

S&PBSEHC 12494 -2.97 -3.07 -13.29 -16.85

S&PBSEMETAL 9086 6.59 -18.20 -19.99 -31.58

S&PBSEOil&Gas 14642 11.23 -1.09 -4.11 -1.44

S&PBSEPSU 6659 4.89 -14.98 -12.84 -7.14

S&PBSETeck 7654 -2.53 -0.26 0.42 -0.99

*Performanceforlessthanoneyearareabsolutereturns.Source-MFIExplorer

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How to Read Factsheet

Fund Manager -Anemployeeoftheassetmanagementcompanysuchasamutualfundor life insurer,whomanages investmentsofthescheme.Heisusuallypartofalargerteamoffundmanagersandresearchanalysts.

Application Amount For Fresh Subscription -Thisistheminimuminvestmentamountforanewinvestorinamutualfundscheme.

Minimum Additional Amount -Thisistheminimuminvestmentamountforanexistinginvestorinamutualfundscheme.

Yield To Maturity -TheYieldtoMaturityortheYTMistherateofreturnanticipatedonabondifhelduntilmaturity.YTMisexpressedasanannualrate.TheYTMfactorsinthebond’scurrentmarketprice,parvalue,couponinterestrateandtimetomaturity.

SIP -SIPorsystematicinvestmentplanworksontheprincipleofmakingperiodicinvestmentsofafixedsum.Itworkssimilartoarecurringbankdeposit.Forinstance,aninvestormayoptforanSlPthatinvests` 500 every 15th of the month in an equity fund for a period of three years.

NAV -TheNAVorthenetassetvalueisthetotalassetvalueperunitofthemutualfundafterdeductingallrelatedandpermissibleexpenses.TheNAViscalculatedattheendofeverybusinessday.Itisthevalueatwhichtheinvestorentersorexitsthemutualfund.

Benchmark -Agroupofsecurities,usuallyamarketindex,whoseperformanceisusedasastandardorbenchmarktomeasureinvestmentperformance ofmutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-YearG-sec.

Entry Load -Amutualfundmayhaveasaleschargeorloadatthetimeofentryand/orexittocompensatethedistributor/agent.Entryloadischargedatthetimeaninvestorpurchasestheunitsofamutualfund.TheentryloadisaddedtotheprevailingNAVatthetimeofinvestment.Forinstance,iftheNAVis`100andtheentryloadis1%,theinvestorwillenterthefundat`101.Note:SEBI,videcirculardatedJune30,2009hasabolishedentryloadandmandatedthattheupfrontcommissiontodistributorswillbepaidbytheinvestordirectlytothedistributor,basedonhisassessmentofvariousfactorsincludingtheservicerenderedbythedistributor.

Exit Load -Exitloadischargedatthetimeaninvestorredeemstheunitsofamutualfund.TheexitloadisdeductedfromtheprevailingNAVatthetimeofredemption.Forinstance,iftheNAVis`100andtheexitloadis1%,theredemptionpricewouldbe`99perunit.

Modified Duration -Modifieddurationisthepricesensitivityandthepercentagechangeinpriceforaunitchangeinyield.

Standard Deviation -Standarddeviationisastatisticalmeasureoftherangeofaninvestment’sperformance.Whenamutualfundhasahighstandarddeviation,itsmeansitsrangeofperformanceiswide,implyinggreatervolatility.

Sharpe Ratio -TheSharpeRatio, namedafter its founder, theNobel LaureateWilliamSharpe, is ameasureof risk-adjusted returns. It iscalculatedusingstandarddeviationandexcessreturntodeterminerewardperunitofrisk.

Beta -Betaisameasureofaninvestment’svolatilityvis-a-visthemarket.Betaoflessthan1meansthatthesecuritywillbelessvolatilethanthemarket.Abetaofgreaterthan1impliesthatthesecurity’spricewillbemorevolatilethanthemarket.

AUM - AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund oranyinvestmentfirm.

Holdings -Theholdingsortheportfolioisamutualfund’slatestorupdatedreportedstatementofinvestments/securities.Theseareusuallydisplayedintermsofpercentagetonetassetsortherupeevalueorboth.Theobjectiveistogiveinvestorsanideaofwheretheirmoneyisbeinginvestedbythefundmanager.

Nature Of Scheme -Theinvestmentobjectiveandunderlyinginvestmentsdeterminethenatureofthemutualfundscheme.Forinstance,amutualfundthataimsatgeneratingcapitalappreciationbyinvestinginstockmarketsisanequityfundorgrowthfund.Likewise,amutualfundthataimsatcapitalpreservationbyinvestingindebtmarketsisadebtfundorincomefund.Eachofthesecategoriesmayhavesub-categories.

Rating Profile -Mutualfundsinvestinsecuritiesafterevaluatingtheircreditworthinessasdisclosedbytheratings.Adepictionofthemutualfundinvariousinvestmentsbasedontheirratingsbecomestheratingprofileofthefund.Typically,thisisafeatureofdebtfunds.

MAAUM - Monthly Average Asset Under Management

++ ICRAhasassignedcreditriskratingof[ICRA]A1+mfstoPrincipalCashManagementFund.RatingmethodologyusedbyICRAisbasedonevaluatingtheinherentcreditqualityofthemutualfundsportfolio.Asameasureofthecreditqualityofadebtfund’sassets,ICRAusestheconceptof“creditscores”,basedonICRA’sassessmentofcreditriskassociatedwitheachexposureoftheportfoliotakingintoaccountitsmaturity.Toquantifythecreditriskscores,ICRAusesitsdatabaseofhistoricaldefaultratesforvariousratingcategoriesforvariousmaturitybuckets.ThecreditriskratingsincorporateICRA’sassessmentofadebtfund’spublishedinvestmentobjectivesandpolicies,itsmanagementcharacteristics,andthecreditworthinessofitsinvestmentportfolio.ICRAreviewsrelevantfundinformationonanongoingbasistosupportitspublishedratingopinions.Iftheportfoliocreditscoremeetsthebenchmarkoftheassignedratingduringthereview,theratingisretained.Inaneventthatthebenchmarkcreditscoreisbreached,ICRAgivesamonth’stimetothedebtfundmanagertobringtheportfoliocreditscorewithinthebenchmarkcreditscore.Ifthedebtfundmanagerisabletoreducetheportfoliocreditscorewithinthebenchmarkcreditscore,theratingisretained.Iftheportfoliostillcontinuestobreachthebenchmarkcreditscore,theratingisrevisedtoreflectthechangeincreditquality.Theratingsshould,however,notbeconstruedasanindicationoftheprospectiveperformanceoftheMutualfundschemeorofvolatilityinitsreturns.ICRAratingsshouldnotbetreatedasrecommendationtobuy,sellorholdtherateddebtinstruments.ICRAratingsaresubjecttoaprocessofsurveillancewhichmayleadtoarevisioninratings. Source: ICRA Ltd.

DISCLAIMER:Mutual Fund investments are subject to market risks, read all scheme related documents carefully.Thisfactsheetisforinformativepurposeonlyandundernocircumstancesistobeusedorconsideredasaninvestmentadvice.Termsofissue/loadstructure/Schemespecific risk factorsare set forth in theScheme InformationDocument(SID).Copyof the same is availableatall our InvestorServiceCentres.Alternatively,InvestorcandownloadtheSIDfromourwebsite-www.principalindia.comorcancallusat18004255600togetacopyofthesame.

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Scheme Names This product is suitable for investors who are seeking~ RiskometerPrincipal Focused Multicap Fund (An open ended equity scheme investing in maximum 30 Multi cap stocks)

Long term Capital Growth.•Investment in equity & equity related securities including equity derivatives upto •a maximum of 30 stocks across market capitalization.

Principal Emerging Bluechip Fund (An open ended equity scheme investing in both large cap and midcap stocks.)

Long term Capital Growth. •Investment in equity & equity related securities including equity derivatives of •large & mid capitalization companies.

Principal Small Cap Fund(An open ended equity scheme predominantly investing in small cap stocks)

Long term Capital Growth. •Predominantly investment in equity and equity related instruments of small cap •companies

Principal Multi Cap Growth Fund (An open ended equity scheme investing across large cap, mid cap, small cap stocks)

Long term Capital Growth. •Investment in equity & equity related securities including equity derivatives of •companies across market capitalization.

Principal Dividend Yield Fund (An open ended equity scheme predominantly investing in dividend yielding stocks)

Long term Capital Growth. •Investment in equity & equity related securities including equity derivatives of •high dividend yield Companies.

Principal Nifty 100 Equal Weight Fund (An open ended scheme replicating/ tracking Nifty 100 Equal Weight Index)

Long term Capital Growth. •Investment in equity securities including equity derivatives of Nifty 100 Equal •Weight Index companies.

Principal Balanced Advantage Fund(An Open-ended dynamic asset allocation fund)

Long term Capital Growth.•Investment in equity & equity related securities including equity derivatives as •well as Debt/Money Market securities through a systematic allocation of Funds between Equity & Debt on the basis of the Price Earnings Ratio of Nifty 50.

Principal Personal Tax Saver Fund (An open ended equity linked saving scheme)

Long term Capital Growth with a three year lock-in.•Investment in equity & equity related securities including equity derivatives of •large capitalization Companies.

Principal Tax Savings Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)

Long term Capital Growth with a three year lock-in.•Investment in equity & equity related securities including equity derivatives of •companies across market capitalization.

Principal Hybrid Equity Fund(An open ended hybrid scheme investing predominantly in equity and equity related instruments)

Income and Long term Capital Growth.•Investment in equity & equity related securities, debt/money market securities •as well as derivatives.

Principal Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt)

Income generation and capital appreciation over the medium to long term.•Investment in equity and equity related instruments, debt and money market •instruments and arbitrage opportunities.

Principal Retirement Savings Fund -Conservative Plan(An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))

Income generation and capital appreciation over the medium to long term.•Investment in equity and equity related instruments, debt and money market •instruments and arbitrage opportunities.

Principal Retirement Savings Fund -Moderate Plan (An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))

Income and Long term capital growth.•Investment in equity & equity related securities, debt/money market securities •as well as derivatives.

Principal Retirement Savings Fund -Progressive Plan (An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))

Long term Capital Growth.•Investment in equity & equity related securities including equity derivatives of •companies across market capitalization.

Principal Dynamic Bond Fund (An open ended dynamic debt scheme investing across duration)

Income over a long term investment horizon.•Investment in Debt & Money Market Instruments.•

Principal Credit Risk Fund (An open ended debt scheme predominately investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds))

Income over a Medium to long term investment horizon.•Investment in AA and below Rated Corporate Debt & other Debt and Money •Market Instruments.

Principal Short Term Debt Fund (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years.)

Income over a medium term investment horizon.•Investment in Debt & Money Market Instruments.•

Principal Arbitrage Fund (An open ended scheme investing in arbitrage opportunities)

Income over short-term. •Income through arbitrage opportunities between cash and derivative market •and arbitrage opportunities within the derivative segment.

Principal Low Duration Fund (An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months)

Income over a short term investment horizon.•Investment in Debt & Money Market Instruments.•

Principal Ultra Short Term Fund (An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months)

Income over a short term investment horizon.•Investment in Debt & Money Market instruments.•

Principal Global Opportunities Fund (An open ended fund of fund scheme investing in Principal Global Investors Funds - Origin Global Smaller Companies Fund)

Long term Capital Growth.•Investment in overseas mutual fund schemes.•

Principal Cash Management Fund (An Open-ended Liquid Scheme)

Income over a short term investment horizon.•Investment in Debt & Money Market Instruments, with maturity not exceeding •91 days.

~Investorsshouldconsulttheirfinancialadvisersifindoubtaboutwhethertheproductissuitableforthem.

Product Suitability

6

Equity Funds

Principal Emerging Bluechip Fund (`) Principal Multi Cap Growth Fund (`) Principal Tax Savings Fund (`)Regular Plan - Growth 102.20 Regular Plan - Growth 135.93 Regular Plan - Growth 198.26Regular Plan - Half Yearly Dividend Option 39.46 Regular Plan - Half Yearly Dividend Option 33.61 Regular Plan - Half Yearly Dividend Option 198.26Direct Plan - Growth 108.84 Direct Plan - Growth 142.87 Direct Plan - Growth 205.36Direct Plan - Half Yearly Dividend Option 82.87 Direct Plan - Half Yearly Dividend Option 42.79 Direct Plan - Half Yearly Dividend Option 205.36

Principal Nifty 100 Equal Weight Fund (`) Principal Focused Multicap Fund (`) Principal Dividend Yield Fund (`)Regular Plan - Growth 68.6329 Regular Plan - Growth 64.35 Regular Plan - Growth 51.98Regular Plan - Dividend 40.3369 Regular Plan - Half Yearly Dividend Option 25.49 Regular Plan - Half Yearly Dividend Option 21.88Direct Plan - Growth 70.6902 Direct Plan - Growth 67.36 Direct Plan - Growth 53.85Direct Plan - Dividend 41.5440 Direct Plan - Half Yearly Dividend Option 26.28 Direct Plan - Half Yearly Dividend Option 29.86

Principal Small Cap Fund (`) Principal Personal Tax Saver Fund (`)Regular Plan - Growth 9.7400 Regular Plan - Growth 185.46Regular Plan - Dividend 9.7400 Direct Plan - Growth 192.49Direct Plan - Growth 9.8000Direct Plan - Dividend 9.8000

Hybrid Funds

Principal Hybrid Equity Fund (`) Principal Balanced Advantage Fund (`) Principal Equity Savings Fund (`)Regular Plan - Growth 74.22 Regular Plan - Growth 20.44 Regular Plan - Growth 36.2238Regular Plan - Monthly Dividend Option 23.17 Regular Plan - Monthly Dividend Option 13.44 RegularPlan-QuaterlyDividendOption 12.4876Direct Plan - Growth 79.36 Direct Plan - Growth 21.99 Regular Plan - Half Yearly Dividend Option 11.8486Direct Plan - Monthly Dividend Option 28.84 Direct Plan - Monthly Dividend Option 15.07 Direct Plan - Growth 38.4826

DirectPlan-QuaterlyDividendOption 15.4914Direct Plan - Half Yearly Dividend Option 11.7019

Principal Arbitrage Fund (`)Regular Plan - Growth 11.1751Regular Plan - Monthly Dividend Option 10.0443Direct Plan - Growth 11.4107Direct Plan - Monthly Dividend Option 10.1351

Fixed Income Funds

Principal Cash Management Fund (`) Principal Low Duration Fund (`) Principal Short Term Debt Fund (`)Regular Plan - Growth 1705.6482 Regular Plan - Growth 2540.2297 Regular Plan - Growth 30.7151Regular Plan - Daily Dividend Option 981.0207 Regular Plan - Daily Dividend Option 867.2834 Regular Plan - Monthly Dividend Option 12.0524Regular Plan - Weekly Dividend Option 986.7169 Regular Plan - Weekly Dividend Option 867.4265 Direct Plan - Growth 32.2757Regular Plan - Monthly Dividend Option 1006.7951 Regular Plan - Monthly Dividend Option 983.7615 Direct Plan - Monthly Dividend Option 12.1057Direct Plan - Growth 1713.9457 Direct Plan - Growth 2637.8879Direct Plan - Daily Dividend Option 981.2330 Direct Plan - Daily Dividend Option 869.5049Direct Plan - Weekly Dividend Option 987.6248 Direct Plan - Weekly Dividend Option 868.2007Direct Plan - Monthly Dividend Option 1007.3200 Direct Plan - Monthly Dividend Option 986.4562

Principal Dynamic Bond Fund (`) Principal Credit Risk Fund (`) Principal Ultra Short Term Fund (`)Regular Plan - Growth 29.5955 Regular Plan - Growth 2791.7357 Regular Plan - Growth 2051.3677RegularPlan-QuaterlyDividendOption 12.7497 Regular Plan - Monthly Dividend Option 1182.2402 Regular Plan - Daily Dividend Option 1005.4300Regular Plan - Annually Dividend Option 11.2554 Direct Plan - Growth 2886.1508 Regular Plan - Weekly Dividend Option 1019.9185Direct Plan - Growth 31.1035 Direct Plan - Monthly Dividend Option 1189.4917 Regular Plan - Monthly Dividend Option 1060.4236DirectPlan-QuaterlyDividendOption 12.8452 Direct Plan - Growth 2104.4420Direct Plan - Annually Dividend Option 11.5766 Direct Plan - Monthly Dividend Option 1060.7408

Solution Oriented Funds

Principal Retirement Savings Fund (CP) (`) Principal Retirement Savings Fund (PP) (`) Principal Retirement Savings Fund (MP) (`)Regular Sub Plan - Growth 12.3303 Regular Sub Plan - Growth 13.4029 Regular Sub Plan - Growth 12.5872Direct Sub Plan - Growth 12.5459 Direct Sub Plan - Growth 13.7003 Regular Sub Plan - Dividend 12.5872

Direct Sub Plan - Growth 12.8878

Fund of Funds

Principal Global Opportunities Fund (`)Regular Plan - Growth 28.3936Regular Plan - Dividend 28.3936Direct Plan - Growth 29.1856Direct Plan - Dividend 29.1856

NAV (Net Asset Value) (As on September 30, 2019)

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Principal Fixed Income Funds Snapshot (As on September 30, 2019)

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72.70

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8

Equity Funds Hybrid FundsPrincipal Focused

Multicap FundPrincipal Emerging

Bluechip FundPrincipal Dividend

Yield FundPrincipal Multi Cap

Growth FundPrincipal Tax Savings Fund

Principal Hybrid Equity Fund

Principal Balanced Advanatge Fund

Principal Equity Savings Fund

Category Focused Fund Large andMidcap Fund

Dividend YieldFund

MulticapGrowth Fund ELSS Aggressive

Hybrid Fund

BalancedAdvantage

Fund

Equity SavingsFund

Sche

me

Feat

ures

Type of Scheme

(An open ended equity scheme investing in maximum 30 Multi cap stocks)

(An open ended equity scheme investing in both large cap and midcap stocks.)

(An open ended equity scheme predominantly investing in dividend yielding stocks)

(An open ended equity scheme investing across large cap, mid cap, small cap stocks)

(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)

(An open ended hybrid scheme investing predominantly in equity and equity related instruments)

(An Open-ended dynamic asset allocation fund)

(An open ended scheme investing in equity, arbitrage and debt)

Positioning

No of stocks notexceeding 30.

Minimuminvestments of35% each intolarge and midcap stocks.

Seeks to investpredominantly in dividend yielding stocks.

Investing acrosslarge, mid andsmall cap stocks.

Tax savinginvestment option with statutory 3years lock-in.

Equity basedhybrid schemewith 65%-80%equity allocation.

Flexibility to invest 100% in Equity Basis PE ratio.

Investing inEquity, Arbitrage and Debt.

Benchmark Index

S&P BSE 250 Large Midcap Index - TRI

NIFTY Large Midcap 250 Index - TRI (w.e.f. May 30, 2018)

Nifty Dividend Op-portunities 50 Index -TRI

Nifty 500 Index - TRI (w.e.f. April 23, 2018)

Nifty 500 Index - TRI CRISIL Hybrid 35+65 - Aggressive Index

50% Nifty 100 TRI Index + 35% CRISIL Short Term Bond In-dex + 15% Nifty Arbi-trage Index

30% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index

Inception Date 11-Nov-05 12-Nov-08 15-Oct-04 25-Oct-00 31-Mar-96 14-Jan-00 16-Dec-10 23-May-02

Fund Manager

Dhimant Shah Dhimant Shah Dhimant Shah Ravi Gopalakrishnan & Siddarth Mohta

Ravi Gopalakrishnan Ravi Gopalakrishnan (For Equity Portion) & Bekxy Kuriakose (For Debt Portion)

Ravi Gopalakrishnan (For Equity Portion) & Bekxy Kuriakose (For Debt Portion)

Ravi Gopalakrishnan (For Equity Portion) & Gurvinder Singh Wasan (For Debt Portion)

Exit Load

0.25% for redemp-tions within 7 days from the date of al-

lotment [Note: w.e.f. March 01, 2019]

If redeemed on or before 1 Year from the date of allotment - 1%

1% - If redeemed within 365 days from the date of al-lotment. Nil - If re-deemed after 365 days from the date of allotment.

NIL "If redeemed/ switched on or before 1 year from the date of allotment: - Nil for redemption/ switch out of units upto 24% of the units allotted (the limit) - 1% on redemption in excess of 24% of the limit stated above- Re-demption of units would be done on First in First out Basis (FIFO) Nil thereafter"

0.25% for redemp-tions within 7 days from the date of al-lotment. [Note: w.e.f. March 01, 2019]

Nil (w.e.f August 02, 2017)

Port

folio

Q

uant

s

Standard Devation 13.19% 15.88% 13.41% 15.30% 15.75% 10.28% 4.13% 4.44%

Beta 0.97 1.05 1.04 1.08 1.11 1.13 0.57 0.99

Sharpe 0.24 0.20 0.35 0.20 0.17 0.31 -0.27 0.00

Port

folio

Det

ails

Month End AUM 330.12 2,198.77 194.08 846.17 389.43

1,560.55 209.23 52.28

No. of Stocks 30 65 48 52 57 52 35 33

Top 10 Stocks (%) 51.12 29.32 46.29 43.05 38.10 31.02 45.64 45.01

Top 10 Sector(%) 87.88 72.53 84.17 80.32 78.55 62.78 63.05 65.74

Overweight

Consumer Non Durables Chemicals Banks Banks Cement Cement Pharmaceuticals Pharmaceuticals

Chemicals Banks Chemicals Construction Project Banks Consumer Non Durables Power Cement

Cement Consumer Durables Cement Pharmaceuticals Construction Project Power Finance Ferrous Metals

Industrial Products Cement Paper Textile Products Fertilisers Construction Project Cement Finance

Fertilisers Transportation Auto Ancillaries Chemicals Power Banks Consumer Non Durables Auto Ancillaries

Underweight

Finance Finance Power Finance Finance Finance Banks Banks

Software Consumer Non Durables Software Petroleum Products Petroleum Products Petroleum Products Software Auto

Consumer Durables Software Oil Auto Software Auto Auto Petroleum Products

Power Power Minerals/Mining Software Auto Consumer Durables Construction Project Construction Project

Petroleum Products Industrial Capital Goods

Consumer Non Durables Industrial Products Transportation Pharmaceuticals Consumer Durables Non - Ferrous Metals

Equity/Hybrid Funds Snapshot (As on September 30, 2019)Equity/Hybrid Funds Snapshot (As on September 30, 2019)

9

Principal Tax Savings Fund - Growth

Particulars Total Amount Invested (in `)

Scheme’s Returns Scheme’s Benchmark (Nifty 500 Index - TRI)**

Additional Benchmark (Nifty 50 - TRI)^

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -2.98 1,18,071 3.50 1,22,245 7.06 1,24,5033 Years SIP 3,60,000 1.20 3,66,685 5.69 3,92,399 9.38 4,14,4765 Years SIP 6,00,000 6.57 7,08,165 8.27 7,38,971 9.88 7,69,1657 Years SIP 8,40,000 11.10 12,46,783 10.81 12,34,215 11.14 12,48,54710 Years SIP 12,00,000 12.06 22,47,792 10.79 21,00,749 10.93 21,16,463

Since Inception SIP 27,50,000 16.15 2,41,74,971 Not AvailableInceptionDate-March31,1996

Systematic Investment Plan (SIP) Returns (As on September 30, 2019)

SCHEMES MANAGED BY MR. DHIMANT SHAH

SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN

Principal Emerging Bluechip Fund - Growth


Scheme’s Returns Scheme’s Benchmark (NIFTY Large Midcap 250 Index - TRI)

Additional Benchmark (Nifty 50 - TRI)

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 3.78 1,22,423 0.03 1,20,019 7.06 1,24,5033 Years SIP 3,60,000 2.54 3,74,237 3.58 3,80,202 9.38 4,14,4765 Years SIP 6,00,000 8.24 7,38,373 7.81 7,30,472 9.88 7,69,1657 Years SIP 8,40,000 15.07 14,36,609 11.69 12,73,647 11.14 12,48,54710 Years SIP 12,00,000 15.85 27,52,232 11.92 22,30,020 10.93 21,16,463Since Inception SIP 13,00,000 17.24 34,94,650 12.83 26,95,367 11.53 24,97,196InceptionDate-November12,2008

Principal Dividend Yield Fund - Growth


Scheme’s Returns Scheme’s Benchmark (Nifty Dividend Opportunities 50 Index - TRI)*


Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 1.06 1,20,684 0.27 1,20,174 7.06 1,24,5033 Years SIP 3,60,000 4.66 3,86,386 4.96 3,88,173 9.38 4,14,4765 Years SIP 6,00,000 8.47 7,42,587 8.11 7,36,055 9.88 7,69,1657 Years SIP 8,40,000 10.90 12,38,050 9.32 11,70,169 11.14 12,48,54710 Years SIP 12,00,000 10.76 20,97,378 9.92 20,05,788 10.93 21,16,463Since Inception SIP 17,90,000 10.72 42,21,930 NA NA 11.64 45,63,403InceptionDate-October15,2004

Principal Focused Multicap Fund - Growth


Scheme’s Returns Scheme’s Benchmark (S&P BSE 250 Large Midcap - TRI)


Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 7.77 1,24,954 4.85 1,23,103 7.06 1,24,5033 Years SIP 3,60,000 6.35 3,96,286 6.99 4,00,116 9.38 4,14,4765 Years SIP 6,00,000 7.95 7,33,074 9.09 7,54,151 9.88 7,69,1657 Years SIP 8,40,000 10.57 12,23,710 11.36 12,58,363 11.14 12,48,54710 Years SIP 12,00,000 10.73 20,93,542 11.30 21,58,055 10.93 21,16,463Since Inception SIP 16,60,000 11.57 39,06,176 11.36 38,42,736 10.96 37,26,590InceptionDate-November11,2005

Principal Multi Cap Growth Fund - Growth


Scheme’s Returns Scheme’s Benchmark (Nifty 500 Index - TRI)


Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -2.48 1,18,396 3.50 1,22,245 7.06 1,24,5033 Years SIP 3,60,000 1.68 3,69,351 5.69 3,92,399 9.38 4,14,4765 Years SIP 6,00,000 6.94 7,14,693 8.27 7,38,971 9.88 7,69,1657 Years SIP 8,40,000 11.37 12,59,128 10.81 12,34,215 11.14 12,48,54710 Years SIP 12,00,000 12.15 22,58,501 10.79 21,00,749 10.93 21,16,463Since Inception SIP 22,70,000 14.19 1,02,84,620 14.90 1,11,58,130 14.27 1,03,81,649InceptionDate-October25,2000

SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN & SIDDARTH MOHTA

Differentplansshallhaveadifferentexpensestructure.ReturnsshownaboveareforRegularPlan-Growthoption.Past performance may or may not be sustained in the future.The returns shown above are calculated using XIRR approach (CAGR Returns) assuming investment of `10,000/-onthe1stbusinessdayofeverymonth.XIRRhelpsincalculatingreturnoninvestmentsgivenaninitialandfinalvalueandaseriesofcashinflowsandoutflowswiththecorrectallowanceforthetimeimpactofthetransactions.Loadisnottakenintoconsiderationforcomputationofperformance.Forperformanceofallschemes,Investorsareadvisedtorefer‘Returns’sectiononpage33.Disclaimer:Theaboveinvestmentsimulationisforillustrativepurposesonlyandshouldnotbeconstruedasapromiseonminimumreturnsandsafeguardofcapital.TheAMC/MutualFundisnotguaranteeingorpromisingorforecastinganyreturns.SIPdoesnotassureaprofitorguaranteeprotectionagainstalossinadecliningmarket.Mr.DhimantShahmanagesPrincipalEmergingBluechipFund(w.e.f.June2011),PrincipalFocusedMulticapFund(w.e.f.July2017)andPrincipalDividendYieldFund(w.e.f.December2011).Mr.RaviGopalakrishnanmanagesPrincipalMultiCapGrowthFund,PrincipalTaxSavingsFund,PrincipalTaxSaverFundandEquityportionofPrincipalBalancedAdvantageFundandPrincipalEquitySavingsFund(w.e.f.July2019).Mr.SiddarthMohtahasbeenappointedasaAssociateFundManagerofPrincipalMultiCapGrowthFund(w.e.f.August2018)^SinceTRIdataisnotavailablefortheperiod31-03-1996to30-06-1999forNifty50Index,SIPperformanceforsinceinceptionperiodisnotprovided.**SinceTRIdataisnotavailablefortheperiod31-03-1996to26-11-1998forNifty500Index,SIPperformanceforsinceinceptionperiodisnotprovided.*SinceperformancedataforNiftyDividendOpportunities50Indexisnotavailable,SIPperformancesinceinceptionperiodisnotprovided.

Principal Personal Tax Saver Fund - Growth


Scheme’s Returns Scheme’s Benchmark (Nifty 500 Index- TRI)**

Additional Benchmark (Nifty 50 - TRI)^

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -3.43 1,17,777 3.50 1,22,245 7.06 1,24,5033 Years SIP 3,60,000 -0.54 3,56,994 5.69 3,92,399 9.38 4,14,4765 Years SIP 6,00,000 3.25 6,51,412 8.27 7,38,971 9.88 7,69,1657 Years SIP 8,40,000 7.11 10,81,370 10.81 12,34,215 11.14 12,48,54710 Years SIP 12,00,000 8.12 18,24,114 10.79 21,00,749 10.93 21,16,463Since Inception SIP 28,10,000 16.50 2,74,65,717 Not AvailableInceptionDate-March31,1996

10

Principal Nifty 100 Equal Weight Fund - Growth


Scheme’s Returns Scheme’s Benchmark (Nifty 100 Equal Weight - TRI)~


Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -1.99 1,18,710 -1.27 1,19,176 7.06 1,24,5033 Years SIP 3,60,000 0.62 3,63,441 0.22 3,61,234 9.38 4,14,4765 Years SIP 6,00,000 3.49 6,55,430 4.65 6,74,761 9.88 7,69,1657 Years SIP 8,40,000 6.07 10,42,046 8.49 11,36,133 11.14 12,48,54710 Years SIP 12,00,000 7.05 17,24,286 9.35 19,46,730 10.93 21,16,463Since Inception SIP 24,20,000 10.63 79,63,232 NA NA 13.97 1,19,79,690InceptionDate-July27,1999

Differentplansshallhaveadifferentexpensestructure.ReturnsshownaboveareforRegularPlan-Growthoption.Past performance may or may not be sustained in the future.The returns shown above are calculated using XIRR approach (CAGR Returns) assuming investment of `10,000/-onthe1stbusinessdayofeverymonth.XIRRhelpsincalculatingreturnoninvestmentsgivenaninitialandfinalvalueandaseriesofcashinflowsandoutflowswiththecorrectallowanceforthetimeimpactofthetransactions.Loadisnottakenintoconsiderationforcomputationofperformance.Forperformanceofallschemes,Investorsareadvisedtorefer‘Returns’sectiononpage33.Disclaimer:Theaboveinvestmentsimulationisforillustrativepurposesonlyandshouldnotbeconstruedasapromiseonminimumreturnsandsafeguardofcapital.TheAMC/MutualFundisnotguaranteeingorpromisingorforecastinganyreturns.SIPdoesnotassureaprofitorguaranteeprotectionagainstalossinadecliningmarket.Mr.RaviGopalakrishnanmanagesPrincipalTaxSavingsFund,PrincipalPersonalTaxSaverFund,PrincipalBalancedAdvantageFund-EquityPortion,PrincipalHybridEquityFund-EquityPortionandPrincipalEquitySavingsFund-EquityPortion(w.e.f.July2019).Mr.GurvinderSinghWasanmanagesPrincipalEquitySavingsFund-Debtportion(w.e.f.May2019).Ms.BekxyKuriakosemanagesPrincipalHybridEquityFund-DebtPortion(w.e.f.Mar2016)andPrincipalBalancedAdvantageFund-DebtPortion(w.e.f.January01,2018)Mr.RajatJainmanagesPrincipalNifty100EqualWeightFund(w.e.f.August2015)*Freshsaleofunitsi.e.bywayofpurchase/Switch-insandregistrationoffreshSIParrangementundertheSchemeissuspendedtillfurthernotice.#TheequitycomponentofCRISILHybrid35+65-AggressiveIndexisrepresentedbytotalreturnsvariantofS&PBSE200WitheffectfromJune10,2018,freshallotmentofunitsinPrincipalPersonalTaxsaverFundevenincaseofSIPsregisteredpriortocloseofbusinesshoursofMarch31,2017issuspended.^SinceTRIdataisnotavailablefortheperiod31-03-1996to30-06-1999forNifty50Index,SIPperformanceforsinceinceptionperiodisnotprovided.**SinceTRIdataisnotavailablefortheperiod31-03-1996to26-11-1998forNifty500Index,SIPperformanceforsinceinceptionperiodisnotprovided.~SinceperformancedataforNifty100EqualWeightIndexisnotavailable,SIPperformancesinceinceptionperiodisnotprovided.PerformanceofPrincipalSmallCapFundisnotgivenastheschemehasnotcompleted1year.

Systematic Investment Plan (SIP) Returns (As on September 30, 2019)

Principal Balanced Advantage Fund - Growth


Scheme’s ReturnsScheme’s Bechmark (50% Nifty 100 TRI + 35% Crisil Short Term Bond Index + 15%

Nifty Arbitrage) Returns Yield * (%)Additional Benchmark

(Nifty 50 - TRI)

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -0.34 1,19,779 8.24 1,25,246 7.06 1,24,5033 Years SIP 3,60,000 2.87 3,76,122 8.09 4,06,639 9.38 4,14,4765 Years SIP 6,00,000 4.43 6,71,139 8.71 7,46,992 9.88 7,69,1657 Years SIP 8,40,000 7.15 10,82,910 9.73 11,87,266 11.14 12,48,547Since Inception SIP 10,50,000 8.28 15,22,413 10.01 16,47,071 11.36 17,51,173

InceptionDate-December16,2010

Principal Hybrid Equity Fund - Growth


Scheme’s Returns Scheme’s Benchmark (CRISIL Hybrid 35+65 - Aggressive Index)#


Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -2.51 1,18,376 7.84 1,24,998 7.06 1,24,5033 Years SIP 3,60,000 3.40 3,79,134 7.74 4,04,555 9.38 4,14,4765 Years SIP 6,00,000 7.86 7,31,318 9.05 7,53,432 9.88 7,69,1657 Years SIP 8,40,000 10.76 12,31,694 10.57 12,23,451 11.14 12,48,54710 Years SIP 12,00,000 11.10 21,34,850 10.49 20,67,189 10.93 21,16,463Since Inception SIP 23,60,000 12.83 95,98,374 9.84 67,77,502 14.07 1,11,19,287InceptionDate-January14,2000

Principal Equity Savings Fund - Growth


Scheme’s Returns Scheme’s Benchmark (30% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index)

Additional Benchmark (CRISIL 10 year Gilt Index)

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 3.77 1,22,420 7.33 1,24,679 14.07 1,28,8903 Years SIP 3,60,000 4.23 3,83,950 8.05 4,06,386 7.95 4,05,8225 Years SIP 6,00,000 5.50 6,89,362 8.22 7,38,064 7.78 7,29,9367 Years SIP 8,40,000 6.06 10,41,718 8.81 11,49,184 7.86 11,10,60210 Years SIP 12,00,000 6.23 16,51,729 8.71 18,81,733 7.50 17,65,197Since Inception SIP 20,80,000 6.91 39,33,143 9.48 50,65,113 6.74 38,71,798InceptionDate-May23,2002

SCHEME MANAGED BY MR. RAVI GOPALAKRISHNAN & GURVINDER SINGH WASAN

SCHEME MANAGED BY MR. RAVI GOPALAKRISHNAN & MS. BEKXY KURIAKOSE

SCHEME MANAGED BY MR. RAJAT JAIN

Principal Short Term Debt Fund - Growth


Scheme’s Returns Scheme’s Benchmark (CRISIL Short-Term Bond Fund Index)

Additional Benchmark (CRISIL 10 Year Gilt Index)

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -4.96 1,16,777 10.42 1,26,612 13.99 1,28,8333 Years SIP 3,60,000 1.15 3,66,422 8.04 4,06,366 7.94 4,05,7255 Years SIP 6,00,000 3.63 6,57,666 8.03 7,34,430 7.78 7,29,8387 Years SIP 8,40,000 5.00 10,03,299 8.28 11,27,697 7.85 11,10,51310 Years SIP 12,00,000 6.13 16,43,820 8.35 18,46,056 7.50 17,65,247

Since Inception SIP 19,60,000 6.96 35,79,433 7.93 39,10,699 6.81 35,29,379InceptionDate-May09,2003

SCHEMES MANAGED BY GURVINDER SINGH WASAN

11

Principal Emerging Bluechip Fund(Anopenendedequityschemeinvestinginbothlargecapandmidcapstocks.)

Investment Objective:TheprimaryobjectiveoftheSchemeistoachievelong-termcapitalappreciationbyinvestinginequity&equityrelatedinstrumentsoflargecap&midcapcompanies.

Fund Details Portfolio

Dividend UpdateDate Regular Plan Direct Plan

Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV15-Dec-17 5.92 48.24 N.A. N.A.16-Jun-17 12.10 54.31 N.A. N.A.23-Dec-16 4.50 46.71 N.A. N.A.Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.

Market Cap Allocation (As on September 30, 2019) (% of NAV)

Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap CompaniesDebtCash & Other Assets

50.48%

35.56%

12.43%0.10% 1.43%

0%

20%

40%

60%

80%

Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith5.52%riskfreerateofreturn(1days-MIBORRateAsonSeptember30,2019).** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (As on September30,2019).# Total ExpenseRatioincludesGSTonmanagementfees.

Performance (As on 30/09/2019)

Period Principal Emerging Bluechip Fund

NIFTY Large Midcap 250 Index - TRI

(Scheme’s Benchmark)

Nifty 50 - TRI(Additional Benchmark)

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (28-09-2018 to 30-09-2019) 1.57 10158.04 1.45 10146.18 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 7.66 12478.63 8.54 12786.69 11.49 13857.735 Years (30-09-2014 to 30-09-2019) 12.66 18152.75 10.13 16204.92 8.93 15343.62Since Inception (12-11-2008 to 30-09-2019) 23.80 102200.00 17.08 55653.28 15.05 45999.63Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of ` 10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.

DataAsonSeptember30,2019

For NAV details, please refer page 6

Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- `5,000 SIP-` 500£

Existing Investor- `1,000STP-`1,000 RWP- ` 500 £12 installments each

Asset Under Managment (` Cr) MAAUM:2,113.81

AUM:2,198.77

Allotment Date & Benchmark Allotment Date

RegularPlan:November12,2008DirectPlan:January1,2013

Benchmark: NIFTY Large Midcap 250 Index - TRI

(w.e.f.May30,2018)

`

Load StructureEntry Load: NILExit Load: If redeemed on or before 1 Year fromthedateofallotment-1%

Plans RegularPlan&DirectPlan.Options Both the Plans offer Growth & HalfYearlyDividendOption.Half Yearly Dividend Option under both the Plans offersfacilityofPayout,ReinvestmentandSweep.

Fund Manager DetailsName: Dhimant Shah

Managing Since: June2011Total Experience: 27 years

Expense Ratio# (As on September30,2019)Direct Plan - 0.95 %

Regular Plan - 2.07 %`

Industry Allocation (As on September 30, 2019) (% of NAV) Banks 20.32% Finance 8.82% Consumer Non Durables 7.18% Software 6.82% Consumer Durables 6.77% Chemicals 5.61% Industrial Products 4.46% Pharmaceuticals 4.31% Auto Ancillaries 4.15% Cement 4.09% Petroleum Products 3.93% Gas 2.63% Healthcare Services 2.55% Transportation 2.34% Media&Entertainment 1.96% Textile Products 1.71% Auto 1.64% Construction Project 1.39% Hotels,ResortsAndOtherRecre-

ational Activities 1.26% Power 1.25% Ferrous Metals 1.00% Pesticides 0.99% Textiles - Cotton 0.85% Telecom-Equipment&Accessories 0.84% Retailing 0.81% Non - Ferrous Metals 0.79%

Market Cap Ranges will be determined as per prevailing SEBI/ AMFI guidelines where· Large Cap: 1st-100thcompanyintermsoffullmarketcapitalization.· Mid Cap:101st-250thcompanyintermsoffullmarketcapitalization.· Small Cap:251stcompanyonwardsintermsoffullmarketcapitalization.

Top 10 Equity Holdings*Holdinglessthan0.75%

Name % of NAV

% to Net Assets

DerivativesBanks 20.32HDFCBankLtd. 6.00ICICIBankLtd. 4.10KotakMahindraBankLtd. 2.93State Bank of India 1.85AxisBankLtd. 1.85TheFederalBankLtd. 1.37CityUnionBankLtd. 1.26RBLBankLtd. 0.96Finance 8.82BajajFinservLtd. 2.44BajajFinanceLtd. 2.40SBILifeInsuranceCompanyLtd. 2.06MuthootFinanceLtd. 1.92Consumer Non Durables 7.18BritanniaIndustriesLtd. 2.19JubilantFoodworksLtd. 1.42ITCLtd. 1.32HindustanUnileverLtd. 1.24VarunBeveragesLtd. 1.01Software 6.82InfosysLtd. 2.07TataConsultancyServicesLtd. 2.01L&TTechnologyServicesLtd. 1.83Larsen&ToubroInfotechLtd. 0.91Consumer Durables 6.77BataIndiaLtd. 1.91VoltasLtd. 1.79DixonTechnologies(India)Ltd. 1.32HavellsIndiaLtd. 0.97BajajElectricalsLtd. 0.78Chemicals 5.61FineOrganicIndustriesLtd. 1.86NavinFluorineInternationalLtd. 1.44AtulLtd. 1.30NOCILLtd. 1.01Industrial Products 4.46AIAEngineeringLtd. 2.17Mold-TekPackagingLtd. 1.22SKFIndiaLtd. 1.07Pharmaceuticals 4.31Divi'sLaboratoriesLtd. 1.67TorrentPharmaceuticalsLtd. 1.64NatcoPharmaLtd. 1.00Auto Ancillaries 4.15MRFLtd. 1.70ExideIndustriesLtd. 1.42SundramFastenersLtd. 1.03Cement 4.09 0.06ShreeCementLtd. 1.62 0.06UltratechCementLtd. 1.55DalmiaBharatLtd. 0.92

Name % of NAV

% to Net Assets

DerivativesPetroleum Products 3.93RelianceIndustriesLtd. 2.96HindustanPetroleumCorporationLtd. 0.97Gas 2.63IndraprasthaGasLtd. 1.45GujaratStatePetronetLtd. 1.18Healthcare Services 2.55Dr.LalPathlabsLtd. 1.29ApolloHospitalsEnterpriseLtd. 1.26Transportation 2.34ContainerCorporationofIndiaLtd. 1.32TCIExpressLtd. 1.02Media & Entertainment 1.96SunTVNetworkLtd. 0.98PVRLtd. 0.98Auto 1.64MarutiSuzukiIndiaLtd. 1.64Textile Products 1.45SRFLtd. 1.45Hotels, Resorts And Other Recreational Activities 1.26

TheIndianHotelsCompanyLtd. 1.26Power 1.25CESCLtd. 1.25Ferrous Metals 1.00JindalSteel&PowerLtd. 1.00Construction Project 0.99Larsen&ToubroLtd. 0.99Pesticides 0.99UPLLtd. 0.99Textiles - Cotton 0.85VardhmanTextilesLtd. 0.85Telecom - Equipment & Accessories 0.84SterliteTechnologiesLtd. 0.84Retailing 0.81FutureRetailLtd. 0.81Non - Ferrous Metals 0.79HindustanZincLtd. 0.79Other Equities* 0.66Total Equity 98.47 0.06 Stock Futures 0.67 AshokLeylandLtd. Auto 0.67BONDS & NCD 0.02 BritanniaIndustriesLtd. CRISIL AAA 0.02Treasury Bills 0.08 91 DAY T-BILL Sovereign 0.08TREPS / Reverse Repo Investments 1.32 TREPS 1.32Cash & Cash Equivalents 0.11 Net Assets 100.00

Ratios & Other Details (As on September30,2019)Standard Deviation^ (Annualised): 15.88%Beta^ : 1.05Sharpe Ratio^ (Annualised) : 0.20 Portfolio Turnover Ratio**:0.65

12

Principal Multi Cap Growth Fund(Anopenendedequityschemeinvestingacrosslargecap,midcap,smallcapstocks)

Investment Objective:Toachievelong–termcapitalappreciation.


Name % of NAV

Banks 26.52HDFCBankLtd. 7.88ICICIBankLtd. 6.67KotakMahindraBankLtd. 3.73State Bank of India 3.30

AxisBankLtd. 1.94

IndusIndBankLtd. 1.55

CityUnionBankLtd. 1.45

Consumer Non Durables 11.92ITCLtd. 3.30MaricoLtd. 2.84

GlaxoSmithKlineConsumerHealthcareLtd. 2.22

DaburIndiaLtd. 2.08

BritanniaIndustriesLtd. 1.48

Software 9.35TataConsultancyServicesLtd. 3.33InfosysLtd. 3.32

TechMahindraLtd. 1.43

HCLTechnologiesLtd. 1.27

Finance 8.91

SBILifeInsuranceCompanyLtd. 2.63

HousingDevelopmentFinanceCorporationLtd. 2.18

ICICIPrudentialLifeInsuranceCompanyLtd. 1.47

EquitasHoldingsLtd. 1.36

MaxFinancialServicesLtd. 1.27

Cement 6.16

UltratechCementLtd. 1.63

JKCementLtd. 1.08

Petroleum Products 5.77RelianceIndustriesLtd. 4.63

HindustanPetroleumCorporationLtd. 1.14

Pharmaceuticals 4.78

SunPharmaceuticalIndustriesLtd. 1.35

AbbottIndiaLtd. 1.32

Divi'sLaboratoriesLtd. 1.27

DishmanCarbogenAmcisLtd. 0.84

Construction Project 4.05Larsen&ToubroLtd. 4.05

Name % of NAV

Auto 2.26

MarutiSuzukiIndiaLtd. 2.26

Telecom - Services 1.98

BhartiAirtelLtd. 1.98

Consumer Durables 1.81

VoltasLtd. 1.06

OrientElectricLtd. 0.75

Textile Products 1.67

SRFLtd. 1.67

Power 1.48

NTPCLtd. 1.48

Chemicals 1.46

TataChemicalsLtd. 1.46

Hotels, Resorts And Other Recreational Activities 1.33

TheIndianHotelsCompanyLtd. 1.33

Retailing 1.28

AdityaBirlaFashionandRetailLtd. 1.28

Ferrous Metals 0.99

TataSteelLtd. 0.99

Minerals/Mining 0.97

CoalIndiaLtd. 0.97

Auto Ancillaries 0.82

AsahiIndiaGlassLtd. 0.82

Non - Ferrous Metals 0.79

HindustanZincLtd. 0.79

Other Equities* Cement 3.45

Total Equity 94.30

BONDS & NCD 0.01

BritanniaIndustriesLtd. CRISIL AAA 0.01

Treasury Bills 0.08

91 DAY T-BILL Sovereign 0.08

Investment Funds/Mutual Funds 0.03

Principal Arbitrage Fund-Direct Plan -Growth 0.03

TREPS / Reverse Repo Investments 5.61

TREPS 5.61

Cash & Cash Equivalents -0.03

Net Assets 100.00

Dividend Update

Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV

15-Dec-17 4.96 41.29 1.71 47.1816-Jun-17 10.83 47.29 8.93 50.4523-Dec-16 2.71 39.06 3.08 41.73Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.

Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith5.52%riskfreerateofreturn(1days-MIBORRateAsonSeptember30,2019).** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (AsonSeptember30,2019).# TotalExpenseRatioincludesGSTonmanagementfees.





Asset Under Managment (` Cr) MAAUM:825.50

AUM:846.17


RegularPlan:October25,2000DirectPlan:January1,2013

Benchmark: Nifty 500 Index - TRI (w.e.f.April23,2018)

`

Load StructureEntry Load: NILExit Load:1%-Ifredeemedwithin365daysfromthedateofallotment.Nil-Ifredeemedafter365daysfromthedateofallotment.


Ratios & Other Details (As on September30,2019)Standard Deviation^ (Annualised):15.30%Beta^ :1.08Sharpe Ratio^ (Annualised) :0.20 Portfolio Turnover Ratio**: 0.38

Fund Manager DetailsName: RaviGopalakrishnan&SiddarthMohta

(Associate Fund Manager)Managing Since: July2019&August2018

Total Experience: 25years&15years

Expense Ratio# (As on September30,2019)Direct Plan - 1.39%


Industry Allocation (Top 10) (As on September 30, 2019) (% of NAV)

Banks 26.52% Consumer Non Durables 11.92% Software 9.35% Finance 8.91% Petroleum Products 5.77% Pharmaceuticals 5.43% Construction Project 4.69% Cement 3.41% Auto 2.26% Chemicals 2.06%


Period Principal Multi Cap Growth Fund

Nifty 500 Index - TRI(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (28-09-2018 to 30-09-2019) -0.93 9905.99 3.69 10371.14 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 7.65 12475.22 9.44 13109.43 11.49 13857.735 Years (30-09-2014 to 30-09-2019) 9.17 15511.81 9.07 15435.86 8.93 15343.62Since Inception (25-10-2000 to 30-09-2019) 14.77 135930.00 15.30 148235.74 14.34 126698.24Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.


Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap Companies

DebtOthers

Mutual FundsCash & Other Assets

75.81%

11.28% 7.14%0.05% 0.03% 0.09% 5.58%

0%

20%

40%

60%

80%


13

Principal Tax Savings Fund(An open ended equity linked saving scheme with a statutory

lock in of 3 years and tax benefit)

Investment Objective:Tobuildahighqualitygrowth-orientedportfoliotoprovidelong-termcapitalgainstotheinvestors.Theschemeaimsatprovidingreturnsthroughcapitalappreciation.


Name % of NAV

Banks 25.04HDFCBankLtd. 5.76ICICIBankLtd. 5.67KotakMahindraBankLtd. 3.80State Bank of India 3.34

AxisBankLtd. 1.91



Bank of Baroda 0.83

KarurVysyaBankLtd. 0.80



DaburIndiaLtd. 2.08





Finance 6.32

SBILifeInsuranceCompanyLtd. 2.69Housing Development FinanceCorporationLtd. 2.17


Cement 5.24

TheIndiaCementsLtd. 1.68


ACCLtd. 1.05

JKCementLtd. 0.87


IrconInternationalLtd. 1.02

HindustanConstructionCompanyLtd. 1.01


Power 4.00

TataPowerCompanyLtd. 2.54

NTPCLtd. 1.46

Name % of NAV





Auto 2.11

BajajAutoLtd. 1.06

HeroMotoCorpLtd. 1.05

Fertilisers 2.07

ChambalFertilisersandChemicalsLtd. 2.07




SRFLtd. 1.66

Ferrous Metals 1.55

KirloskarFerrousIndustriesLtd. 0.78

SteelAuthorityofIndiaLtd. 0.77

Chemicals 1.47



BajajElectricalsLtd. 1.44Hotels, Resorts And Other Recreational Activities 1.31



CoalIndiaLtd. 1.01



Industrial Products 0.83

RamkrishnaForgingsLtd. 0.83

Other Equities* 4.84

Total Equity 94.94

BONDS & NCD 0.01


Treasury Bills 0.08



TREPS 4.91

Cash & Cash Equivalents 0.06

Net Assets 100.00

Dividend Update


31-Mar-08 8.00 90.12 NA NA15-Jan-07 5.00 83.66 NA NAPast performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.

Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith5.52%riskfreerateofreturn(1days-MIBORRateAsonSeptember30,2019).** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period(AsonSeptember30,2019).# TotalExpenseRatioincludesGSTonmanagementfees.



Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 500 SIP- ` 500Existing Investor- ` 500 STP- ` 500 (Available after lock-in period) RWP- ` 500 (Available after lock-in period) 6 installments each


AUM:389.43


RegularPlan:March31,1996DirectPlan:January1,2013

Benchmark: Nifty 500 Index - TRI

`

Load StructureEntry Load: NILExit Load: NIL

Plans RegularPlan&DirectPlan.Options Both the Plans offer Growth & HalfYearlyDividendOption.(W.e.f.September11,2017)

Ratios & Other Details (As on September30,2019)Standard Deviation^ (Annualised): 15.75%Beta^ : 1.11Sharpe Ratio^ (Annualised) : 0.17 Portfolio Turnover Ratio** : 0.28

Fund Manager DetailsName: Ravi Gopalakrishnan Managing Since: July2019Total Experience: 25 years


Regular Plan - 2.54%`

Industry Allocation (Top 10) (As on Sep 30, 2019) (% of NAV)

Banks 25.77% Consumer Non Durables 12.14% Software 8.45% Finance 6.32% Cement 5.96% Construction Project 4.95% Petroleum Products 4.60% Pharmaceuticals 4.25% Power 4.00% Auto 2.11%


Period Principal Tax Savings Fund

Nifty 500 - TRI*(Scheme’s Benchmark)

Nifty 50 - TRI**(Additional Benchmark)

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (28-09-2018 to 30-09-2019) -1.18 9880.89 3.69 10371.14 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 7.23 12330.37 9.44 13109.43 11.49 13857.735 Years (30-09-2014 to 30-09-2019) 8.92 15335.71 9.07 15435.86 8.93 15343.62Since Inception (31-03-1996 to 30-09-2019) 15.55 299074.67 13.21 184923.96 12.34 154205.79Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.*AsTRIdataisnotavailablesinceinceptionofthescheme,benchmarkperformanceiscalculatedusingcompositeCAGRofNifty500IndexPRIvaluesfromdate31-03-1996to26-11-1998andTRIvaluessince26-11-1998.**AsTRIdataisnotavailablesinceinceptionofthescheme,additionalbenchmarkperformanceiscalculatedusingcompositeCAGRofNifty50IndexPRIvaluesfromdate31-03-1996to30-06-1999andTRIvaluessince30-06-1999.


Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap CompaniesOthersDebtCash & Other Assets

68.61%

11.28% 14.97%0.08% 0.09% 4.97%

0%

20%

40%

60%

80%


14

Principal Personal Tax Saver Fund^(An open ended equity linked saving scheme)

Investment Objective:Toprovidelongtermgrowthofcapital.TheInvestmentManagerwillaimtoachieveareturnonassetsinexcessoftheperformanceofS&PBSE100INDEX


Name % of NAVBanks 25.67HDFCBankLtd. 5.94ICICIBankLtd. 5.84KotakMahindraBankLtd. 3.82State Bank of India 3.38

AxisBankLtd. 1.92



Bank of Baroda 0.84

KarurVysyaBankLtd. 0.77


DaburIndiaLtd. 2.15






Finance 6.53SBILifeInsuranceCompanyLtd. 2.72Housing Development FinanceCorporationLtd. 2.34


Cement 5.41TheIndiaCementsLtd. 1.73


ACCLtd. 1.12

BirlaCorporationLtd. 0.85


HindustanConstructionCompanyLtd. 1.10

IrconInternationalLtd. 1.02


Power 4.13TataPowerCompanyLtd. 2.62

NTPCLtd. 1.51

Dividend Update


25-Mar-08 40.00 124.66 NA NA26-Feb-08 20.00 172.57 NA NA31-Dec-07 11.00 221.26 NA NAPast performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.^Freshsaleofunitsi.e.bywayofpurchase/Switch-insandregistrationoffreshSIParrangementundertheSchemeissuspendedtillfurthernotice.WitheffectfromJune10,2018,freshallotmentofunitsinPrincipalPersonalTaxsaverFundevenincaseofSIPsregisteredpriortocloseofbusinesshoursofMarch31,2017issuspended.





AUM:249.01


RegularPlan:March31,1996DirectPlan:January1,2013

Benchmark: Nifty 500 Index - TRI

`


Plans RegularPlan&DirectPlan.Options Both the Plan do not have any optionsatpresent.

Ratios & Other Details (As on September30,2019)Standard Deviation^ (Annualised):14.94%Beta^ :1.06Sharpe Ratio^ (Annualised) :-0.7 Portfolio Turnover Ratio** : 0.28

Fund Manager DetailsName: Ravi Gopalakrishnan Managing Since: July2019Total Experience: 25 years


Regular Plan - 2.54%


Banks 26.40% Consumer Non Durables 12.65% Software 8.80% Finance 6.53% Cement 5.41% Construction Project 5.27% Petroleum Products 4.74% Pharmaceuticals 4.33% Power 4.13% Auto 2.18%


Period Principal Personal Tax Saver Fund

Nifty 500 - TRI*(Scheme’s Benchmark)

Nifty 50 - TRI**(Additional Benchmark)

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (28-09-2018 to 30-09-2019) -1.55 9844.47 3.69 10371.14 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 3.37 11045.20 9.44 13109.43 11.49 13857.735 Years (30-09-2014 to 30-09-2019) 5.66 13169.07 9.07 15435.86 8.93 15343.62Since Inception (31-03-1996 to 30-09-2019) 18.57 549392.81 13.21 184923.96 12.34 154205.79Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.*AsTRIdataisnotavailablesinceinceptionofthescheme,benchmarkperformanceiscalculatedusingcompositeCAGRofNifty500IndexPRIvaluesfromdate31-03-1996to26-11-1998andTRIvaluessince26-11-1998.**AsTRIdataisnotavailablesinceinceptionofthescheme,additionalbenchmarkperformanceiscalculatedusingcompositeCAGRofNifty50IndexPRIvaluesfromdate31-03-1996to30-06-1999andTRIvaluessince30-06-1999.

Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 500 SIP- ` 500Existing Investor- ` 500 STP- ` 500 (Available after lock-in period) RWP- ` 500 (Available after lock-in period) 6 installments each

`

Name % of NAVPharmaceuticals 3.66




Auto 2.18

HeroMotoCorpLtd. 1.09

BajajAutoLtd. 1.09

Fertilisers 2.10

ChambalFertilisersandChemicalsLtd. 2.10




SRFLtd. 1.78

Chemicals 1.51



BajajElectricalsLtd. 1.51Hotels, Resorts And Other Recreational Activities 1.19





CoalIndiaLtd. 1.04

Ferrous Metals 0.87

KirloskarFerrousIndustriesLtd. 0.87

Industrial Products 0.86

RamkrishnaForgingsLtd. 0.86


Total Equity 96.77

BONDS & NCD 0.02


Treasury Bills 0.08



TREPS 3.21


Net Assets 100.00



70.30%

11.46% 15.01%0.10% 3.13%

0%

20%

40%

60%

80%


15

Principal Small Cap Fund(An open ended equity scheme predominantly investing in small cap stocks)

Investment Objective:Togeneratelongtermcapitalappreciationbypredominantlyinvestinginequityandequityrelatedinstrumentsofsmallcapcompanies.However,thereisnoassuranceorguaranteethattheinvestmentobjectiveoftheSchemewillbeachieved.


Note:# TotalExpenseRatioincludesGSTonmanagementfees.Portfolio Turnover Ratio not given as the scheme has not completed oneyear.Otherratiosarenotgivenasschemehasnotcompleted3years.




Existing Investor- `1,000STP-` 1000§

RWP- ` 500§

£12 installments each §6 installments each


AUM:147.29


RegularPlan:May13,2019 DirectPlan:May13,2019

Benchmark: Nifty Small Cap 100 index

`Load StructureEntry Load: NILExit Load: If redeemed/ switched on or before1yearfromthedateofallotment:• Nil for redemption/ switch out of unitsupto25%oftheunitsallotted(thelimit).• 1% on redemption in excess of 25% ofthe limit stated above- Redemption of units would be done on First in First out Basis (FIFO).•Nilthereafter

Plans RegularPlan&DirectPlan.Options Both the Plans offer Growth &Dividend Option. The Dividend Option underboth the Plans will have the facility of Payout andReinvestment.

Fund Manager DetailsName: Ravi Gopalakrishnan&

Mr.SiddarthMohtaManaging Since: July2019&May2019


Expense Ratio# (As on September30,2019)Direct Plan - 0.71 %Regular Plan - 2.49 %

`


Chemicals 16.24% Banks 12.92% Software 8.05% Cement 6.87% Construction Project 6.73% Finance 4.64% Consumer Durables 4.25%

Industrial Products 4.08%

Auto 3.05% Fertilisers 2.94%

Note:PerformanceofPrincipalSmallCapFundisnotgivenastheschemehasnotcompleted1year.

Name % of NAV

% to Net Assets

DerivativesChemicals 16.24GalaxySurfactantsLtd. 2.57NavinFluorineInternationalLtd. 2.40FineOrganicIndustriesLtd. 2.33NeogenChemicalsLtd. 2.02GHCLLtd. 1.95AlkylAminesChemicalsLtd. 1.80NOCILLtd. 1.80PhillipsCarbonBlackLtd. 1.37Banks 12.92ICICIBankLtd. 3.63State Bank of India 2.90HDFCBankLtd. 1.98KotakMahindraBankLtd. 1.98KarurVysyaBankLtd. 1.53DCBBankLtd. 0.90Software 8.05 1.50KPITTechnologiesLtd. 1.91NIITLtd. 1.73SonataSoftwareLtd. 1.69MastekLtd. 1.64HCLTechnologiesLtd. 0.91NIITTechnologiesLtd. 0.17 1.50Cement 6.87JKCementLtd. 1.98BirlaCorporationLtd. 1.96JKLakshmiCementLtd. 1.62TheIndiaCementsLtd. 1.31Construction Project 6.17TechnoElectric& EngineeringCompanyLtd. 2.25

KECInternationalLtd. 1.57IrconInternationalLtd. 1.27HindustanConstructionCompanyLtd. 1.08Finance 4.64CanFinHomesLtd. 1.93EquitasHoldingsLtd. 1.75MaxFinancialServicesLtd. 0.96Consumer Durables 4.25VIPIndustriesLtd. 1.73OrientElectricLtd. 1.50VoltasLtd. 1.02

Name % of NAV

% to Net Assets

DerivativesIndustrial Products 4.08FinolexCablesLtd. 2.09CosmoFilmsLtd. 1.99Auto 3.05MarutiSuzukiIndiaLtd. 2.06EscortsLtd. 0.99Fertilisers 2.94Chambal Fertilisers andChemicalsLtd. 1.53

CoromandelInternationalLtd. 1.41Power 2.27KalpataruPowerTransmissionLtd. 2.27Textile Products 2.05SiyaramSilkMillsLtd. 2.05Hotels, Resorts And Other Recreational Activities 1.74

TheIndianHotelsCompanyLtd. 1.74Construction 1.64PNCInfratechLtd. 0.89KNRConstructionsLtd. 0.75Pesticides 1.57RallisIndiaLtd. 1.57Transportation 1.49TransportCorporationofIndiaLtd. 1.49Retailing 1.44AdityaBirlaFashionandRetailLtd. 1.44Ferrous Metals 1.29KirloskarFerrousIndustriesLtd. 1.29Non - Ferrous Metals 0.94HindustanZincLtd. 0.94Other Equities* 1.13Total Equity 84.77 1.50 Index Futures NationalStockExchangeofIndiaLtd. 4.48Treasury Bills 0.16 91 DAY T-BILL Sovereign 0.16TREPS / Reverse Repo Investments 14.35 TREPS 14.35Cash & Cash Equivalents 0.72 Net Assets 100.00

Top 10 Equity Holdings *Holdinglessthan0.75%

16

Principal Focused Multicap Fund(An open ended equity scheme investing in maximum 30 Multi cap stocks)

Investment Objective:Toprovidecapitalappreciationand/ordividenddistributionbyinvestingincompaniesacrossmarketcapitalization.




Dividend Update


17-Jun-19 1.90 27.32 2.31 28.4715-Dec-17 2.11 28.09 1.72 28.4616-Jun-17 5.98 31.90 6.13 32.31Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.






AUM:330.12


RegularPlan:November11,2005DirectPlan:January1,2013

Benchmark: S&PBSE250LargeMidcap Index - TRI

`

Load StructureEntry Load: NILExit Load: 0.25% for redemptions with-in 7 days from the date of allotment [w.e.f.March01,2019]




Managing Since: July2017Total Experience: 27 years

Expense Ratio# (As on September30,2019)Direct Plan - 1.97%



Banks 22.45% Consumer Non Durables 15.89% Software 9.11% Finance 8.19% Petroleum Products 6.64% Cement 6.15% Auto 5.66% Pharmaceuticals 5.09% Chemicals 4.97% Construction Project 3.73%


Period Principal Focused Multicap Fund

S&P BSE 250 Large Midcap - TRI



Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (28-09-2018 to 30-09-2019) 6.22 10625.83 4.65 10467.21 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 8.09 12630.03 10.21 13385.50 11.49 13857.735 Years (30-09-2014 to 30-09-2019) 8.52 15052.63 9.58 15803.91 8.93 15343.62Since Inception (11-11-2005 to 30-09-2019) 14.34 64350.00 12.87 53770.38 12.83 53478.03Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.

Top 10 Equity Holdings


75.77%

12.61% 9.33%0.11% 2.18%

0%

20%

40%

60%

80%

Name % of NAV

Banks 22.45HDFCBankLtd. 8.91KotakMahindraBankLtd. 5.88ICICIBankLtd. 5.21State Bank of India 2.45Consumer Non Durables 15.89HindustanUnileverLtd. 5.23ITCLtd. 3.50NestleIndiaLtd. 2.78BritanniaIndustriesLtd. 2.70BalrampurChiniMillsLtd. 1.68Software 9.11InfosysLtd. 3.55TataConsultancyServicesLtd. 3.23L&TTechnologyServicesLtd. 2.33Finance 8.19HousingDevelopmentFinanceCorporationLtd. 4.27BajajFinservLtd. 3.92Petroleum Products 6.64RelianceIndustriesLtd. 6.64Cement 6.15ShreeCementLtd. 3.19UltratechCementLtd. 2.96Auto 5.66BajajAutoLtd. 3.61MarutiSuzukiIndiaLtd. 2.05Pharmaceuticals 5.09AbbottIndiaLtd. 3.90SunPharmaceuticalIndustriesLtd. 1.19Chemicals 4.97NavinFluorineInternationalLtd. 3.07NOCILLtd. 1.90Construction Project 3.73Larsen&ToubroLtd. 2.99IrconInternationalLtd. 0.74Industrial Products 3.41AIAEngineeringLtd. 3.41Fertilisers 1.94ChambalFertilisersandChemicalsLtd. 1.94Ferrous Metals 1.59JindalSteel&PowerLtd. 1.59Non - Ferrous Metals 1.51HindustanZincLtd. 1.51Gas 1.38GujaratGasLtd. 1.38Total Equity 97.71BONDS & NCD 0.03 BritanniaIndustriesLtd. CRISIL AAA 0.03Treasury Bills 0.08 91 DAY T-BILL Sovereign 0.08TREPS / Reverse Repo Investments 1.66 TREPS 1.66Cash & Cash Equivalents 0.52 Net Assets 100.00

17

Principal Dividend Yield Fund(An open ended equity scheme predominantly investing in

dividend yielding stocks)

Investment Objective: To provide capital appreciation and/or dividend distribution by investing predominantly in a well-diversified portfolio of companies that have a relatively highdividendyield.


Dividend Update


17-Jun-19 0.47 22.68 0.54 30.7917-Dec-18 NA NA 0.12 30.4915-Dec-17 3.50 26.24 NA NA16-Jun-17 5.82 28.38 2.93 29.32Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.







AUM:194.08


RegularPlan:October15,2004DirectPlan:January1,2013

Benchmark: Nifty Dividend Opportunities 50 Index - TRI

`

Load StructureEntry Load: NILExit Load: If redeemed on or before 1 Year fromthedateofallotment-1%




Managing Since: December 2011Total Experience: 27 years




Consumer Non Durables 19.58% Software 19.16% Banks 12.23% Petroleum Products 7.30% Chemicals 7.08% Auto 6.54% Cement 3.42% Finance 3.34% Industrial Products 2.79% Gas 2.73%


Period Principal Dividend Yield Fund

Nifty Dividend Opportunities 50 - TRI(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (28-09-2018 to 30-09-2019) -0.27 9973.14 -0.98 9901.74 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 9.77 13226.46 9.81 13239.80 11.49 13857.735 Years (30-09-2014 to 30-09-2019) 8.98 15374.15 7.56 14397.56 8.93 15343.62Since Inception (15-10-2004 to 30-09-2019) 11.64 51980.00 NA NA 14.65 77348.98Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.



71.16%

11.69% 15.73%0.03% 0.08% 1.31%

0%

20%

40%

60%

80%


Name % of NAV

Consumer Non Durables 19.58HindustanUnileverLtd. 8.58ITCLtd. 5.94ColgatePalmolive(India)Ltd. 2.16VSTIndustriesLtd. 2.10BannariAmmanSugarsLtd. 0.80Software 19.16TataConsultancyServicesLtd. 5.61InfosysLtd. 4.48TechMahindraLtd. 3.54HCLTechnologiesLtd. 1.89Larsen&ToubroInfotechLtd. 1.24SaskenTechnologiesLtd. 1.22L&TTechnologyServicesLtd. 1.18Banks 12.23ICICIBankLtd. 4.02HDFCBankLtd. 3.40State Bank of India 2.13AxisBankLtd. 1.41KotakMahindraBankLtd. 1.27Petroleum Products 7.30RelianceIndustriesLtd. 3.96BharatPetroleumCorporationLtd. 3.34Chemicals 7.05FineOrganicIndustriesLtd. 2.15NOCILLtd. 1.79NavinFluorineInternationalLtd. 1.62AartiIndustriesLtd. 1.49Auto 6.54BajajAutoLtd. 3.00MarutiSuzukiIndiaLtd. 1.38AshokLeylandLtd. 1.15Mahindra&MahindraLtd. 1.01Cement 3.42UltratechCementLtd. 3.42Finance 3.34BajajHoldings&InvestmentLtd. 2.02BajajFinservLtd. 1.32

Name % of NAV

Industrial Products 2.79AIAEngineeringLtd. 2.01HEGLtd. 0.78Gas 2.73GujaratGasLtd. 1.64IndraprasthaGasLtd. 1.09Paper 2.00OrientPaper&IndustriesLtd. 1.15InternationalPaperAppmLtd. 0.85Auto Ancillaries 1.92ExideIndustriesLtd. 1.04AsahiIndiaGlassLtd. 0.88Ferrous Metals 1.67TataSteelLtd. 1.67Non - Ferrous Metals 1.65HindustanZincLtd. 1.65Power 1.52NTPCLtd. 1.52Construction Project 1.20Larsen&ToubroLtd. 1.20Hotels, Resorts And Other Recreational Activities 1.11

TheIndianHotelsCompanyLtd. 1.11Consumer Durables 1.06SheelaFoamLtd. 1.06Textile Products 0.98SRFLtd. 0.98Pharmaceuticals 0.78DishmanCarbogenAmcisLtd. 0.78Other Equities* 0.58Total Equity 98.61 Treasury Bills 0.08 91 DAY T-BILL Sovereign 0.08TREPS / Reverse Repo Investments 1.42 TREPS 1.42Cash & Cash Equivalents -0.11Net Assets 100.00

18

Principal Nifty 100 Equal Weight Fund(An open ended scheme replicating/ tracking Nifty 100 Equal Weight Index)

Investment Objective: To invest principally in securities that comprise Nifty 100 Equal Weight Index and subject to tracking errors endeavour to attain results commensurate withtheNifty100EqualWeightIndex.


Name % of NAVFinance 14.31HDFCAssetManagementCompanyLtd. 1.54HDFCLifeInsuranceCompanyLtd. 1.41SBILifeInsuranceCompanyLtd. 1.24ICICIPrudentialLifeInsuranceCompanyLtd. 1.24BajajFinanceLtd. 1.17General Insurance Corporation Of India 1.10ICICI Lombard General InsuranceCompanyLtd. 1.08BajajFinservLtd. 1.04BajajHoldings&InvestmentLtd. 1.02ShriramTransportFinanceCompanyLtd. 1.00Housing Development FinanceCorporationLtd. 0.95TheNewIndiaAssuranceCompanyLtd. 0.76L&TFinanceHoldingsLtd. 0.76Consumer Non Durables 12.62ColgatePalmolive(India)Ltd. 1.37AsianPaintsLtd. 1.31UnitedSpiritsLtd. 1.24DaburIndiaLtd. 1.17Procter&GambleHygiene andHealthCareLtd. 1.16HindustanUnileverLtd. 1.15MaricoLtd. 1.10BritanniaIndustriesLtd. 1.07GodrejConsumerProductsLtd. 1.06UnitedBreweriesLtd. 1.02ITCLtd. 0.97Pharmaceuticals 8.90Divi'sLaboratoriesLtd. 1.11Dr.Reddy'sLaboratoriesLtd. 1.09SunPharmaceuticalIndustriesLtd. 1.05LupinLtd. 1.03CadilaHealthcareLtd. 1.02AurobindoPharmaLtd. 1.00BioconLtd. 0.92PiramalEnterprisesLtd. 0.89CiplaLtd. 0.79Banks 7.65KotakMahindraBankLtd. 1.13HDFCBankLtd. 1.04ICICIBankLtd. 1.03IndusIndBankLtd. 0.98BandhanBankLtd. 0.95AxisBankLtd. 0.91Bank of Baroda 0.81State Bank of India 0.80Software 5.99InfosysLtd. 1.10OracleFinancialServicesSoftwareLtd. 1.05HCLTechnologiesLtd. 1.03TechMahindraLtd. 0.99TataConsultancyServicesLtd. 0.96WiproLtd. 0.86Auto 5.84MarutiSuzukiIndiaLtd. 1.07HeroMotoCorpLtd. 1.07BajajAutoLtd. 1.05EicherMotorsLtd. 0.93Mahindra&MahindraLtd. 0.90AshokLeylandLtd. 0.82Cement 4.79ACCLtd. 1.08AmbujaCementsLtd. 0.98UltratechCementLtd. 0.97ShreeCementLtd. 0.92GrasimIndustriesLtd. 0.84

Dividend Update


24-Dec-08 3.7500 15.7934 NA NAPast performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.

Note:̂ Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith5.52%riskfreerateofreturn(1days-MIBORRateAsonSeptember30,2019).** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period(AsonSeptember30,2019).# TotalExpenseRatioincludesGSTonmanagementfees.* Since Benchmark of the Fund change from Nity 50 to Nifty 100 Equal Weight (w.e.f10-May-2018),TrackingErrorisCalculatedasbelow–•Nifty50TRIisconsiderfrom(01-Sep-2016to09-May-2018)&•Nifty100EqualWeightTRIisconsiderfor(10-May-2018to30-Sep-2019)






AUM:16.63


RegularPlan:July27,1999DirectPlan:January1,2013

Benchmark: Nifty 100 Equal Weight Index - TRI

`

Load StructureEntry Load: NILExit Load:Nil[w.e.f.March01,2019]

Plans RegularPlan&DirectPlan.Options BoththePlansofferGrowth&DividendOption. Dividend Option under both the PlansoffersfacilityofPayout,ReinvestmentandSweep.

Ratios & Other Details (As on September30,2019)Standard Deviation^ (Annualised): 13.86%Beta^ : 0.98Sharpe Ratio^ (Annualised) :0.01Portfolio Turnover Ratio**: 0.24Tracking Deviation*: 0.43%

Fund Manager DetailsName: RajatJain

Managing Since: August 2015Total Experience: 30 years




Finance 14.74% Consumer Non Durables 12.62% Pharmaceuticals 8.90% Banks 8.04% Auto 6.60% Software 5.99% Cement 4.79% Petroleum Products 4.38% Transportation 3.43% Industrial Capital Goods 2.96%


Period Principal Nifty 100 Equal Weight Fund

Nifty 100 Equal Weight - TRI



Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (28-09-2018 to 30-09-2019) -1.97 9801.77 -0.97 9902.30 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 4.84 11523.73 4.96 11564.12 11.49 13857.735 Years (30-09-2014 to 30-09-2019) 4.60 12523.63 7.04 14053.02 8.93 15343.62Since Inception (27-07-1999 to 30-09-2019) 10.01 68632.90 NA NA 12.90 115906.96Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.

Name % of NAVPetroleum Products 4.38BharatPetroleumCorporationLtd. 1.27RelianceIndustriesLtd. 1.07HindustanPetroleumCorporationLtd. 1.06IndianOilCorporationLtd. 0.98Transportation 3.43InterglobeAviationLtd. 1.25ContainerCorporationofIndiaLtd. 1.12AdaniPortsandSpecialEconomicZoneLtd. 1.06Auto Ancillaries 2.91MRFLtd. 1.18BoschLtd. 0.88MothersonSumiSystemsLtd. 0.85Non - Ferrous Metals 2.86HindalcoIndustriesLtd. 0.99HindustanZincLtd. 0.95VedantaLtd. 0.92Power 2.83PowerGridCorporationofIndiaLtd. 1.02NHPCLtd. 0.91NTPCLtd. 0.90Industrial Capital Goods 2.26SiemensLtd. 1.26ABBIndiaLtd. 1.00Gas 2.00PetronetLNGLtd. 1.11GAIL(India)Ltd. 0.89Consumer Durables 1.95TitanCompanyLtd. 1.01HavellsIndiaLtd. 0.94Minerals/Mining 1.63NMDCLtd. 0.82CoalIndiaLtd. 0.81Retailing 1.45AvenueSupermartsLtd. 1.45Chemicals 1.20PidiliteIndustriesLtd. 1.20Textile Products 1.11PageIndustriesLtd. 1.11Telecom - Services 1.10BhartiAirtelLtd. 1.10Pesticides 1.05UPLLtd. 1.05Construction Project 0.98Larsen&ToubroLtd. 0.98Telecom - Equipment & Accessories 0.96BhartiInfratelLtd. 0.96Construction 0.90DLFLtd. 0.90Ferrous Metals 0.88JSWSteelLtd. 0.88Media & Entertainment 0.79ZeeEntertainmentEnterprisesLtd. 0.79Oil 0.79Oil&NaturalGasCorporationLtd. 0.79Other Equities* 4.23Total Equity 99.79 BONDS & NCD 0.01 BritanniaIndustriesLtd. CRISIL AAA 0.01Treasury Bills 0.06 91 DAY T-BILL Sovereign 0.06TREPS / Reverse Repo Investments 0.26 TREPS 0.26Cash & Cash Equivalents -0.12 Net Assets 100.00


Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesOthersDebtCash & Other Assets

7.17%

92.53%

0.09% 0.07% 0.14%0%

20%

40%

60%

80%90%

100%


19

Principal Arbitrage Fund(An open ended scheme investing in arbitrage opportunities)

Investment Objective: To generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity marketsandthearbitrageopportunitiesavailablewithinthederivativesegmentandbyinvestingthebalanceindebtandmoneymarketinstruments.ThereisnoassuranceorguaranteethattheinvestmentobjectiveoftheSchemewillberealized.


Dividend Update


17-Sep-19 0.0586 10.1014 0.0591 10.191116-Aug-19 NA NA 0.0593 10.225417-Jun-19 0.0625 10.0814 0.0633 10.2173Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.

Note:**ThePortfolioTurnoverRate(PTR)meansthelowerofaggregatesales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevantyear/period.# TotalExpenseRatioincludesGSTonmanagementfees.*EffectiveFebruary01,2017.






AUM:4.37


RegularPlan:April21,2016DirectPlan:April21,2016

Benchmark: Nifty 50 Arbitrage Index

`

Load StructureEntry Load: NILExit Load:0.50%-Ifredeemedonorbefore30daysfromthedateofallotment.NIL- Ifredeemed after 30 days from the date of allotment.

Plans RegularPlan&DirectPlan.Options BoththePlansofferMonthly*Dividend& Growth Option. Monthly* Dividend Optionunder both the Plan offers facility of Payout,ReinvestmentandSweep.

Other Details (As on September30,2019)Portfolio Turnover Ratio** : 8.88Equity : 0.48Debt : 0.09Derivatives : 8.31

Fund Manager DetailsName: RajatJain

Managing Since: April 2016Total Experience: 30 years



Industry Allocation (As on September 30, 2019) (% of NAV)

Pharmaceuticals 16.52% Banks 12.59% Petroleum Products 9.65% Power 8.65% Ferrous Metals 6.66% Finance 6.14% Construction Project 5.72%


Period Principal Arbitrage Fund

Nifty 50 Arbitrage Index(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%) $PTP Returns

Returns (%)

$PTP Returns

1 Year (28-09-2018 to 30-09-2019) 3.94 10396.41 6.55 10658.23 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 2.77 10854.35 5.25 11658.00 11.49 13857.73Since Inception (21-04-2016 to 30-09-2019) 3.28 11175.10 5.47 12012.33 12.98 15224.18Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.5yearsperformanceofPrincipalArbitrageFundisnotgivenastheschemehavenotbeeninexistencefor5years.

Name Rating / Industry

% of NAV

% to Net Assets De-

rivativesPharmaceuticals 16.52 -16.61AurobindoPharmaLtd. 8.54 -8.56SunPharmaceuticalIndustriesLtd. 7.98 -8.05Banks 12.59 -12.69HDFCBankLtd. 3.81 -3.84ICICIBankLtd. 3.70 -3.73AxisBankLtd. 3.40 -3.43State Bank of India 1.68 -1.69Petroleum Products 9.65 -9.69RelianceIndustriesLtd. 9.65 -9.69Power 8.65 -8.72CESCLtd. 8.65 -8.72Ferrous Metals 6.66 -6.68JSWSteelLtd. 6.66 -6.68Finance 6.14 -6.19HousingDevelopmentFinanceCorporationLtd. 6.14 -6.19Construction Project 5.72 -5.74Larsen&ToubroLtd. 5.72 -5.74Total Equity 65.93 -66.32Treasury Bills 0.21 91 DAY T-BILL Sovereign 0.21Investment Funds/Mutual Funds 9.49 Principal Cash Management Fund - Direct Plan - Growth Option Mutual Fund 9.49

TREPS / Reverse Repo Investments 5.17 TREPS 5.17Cash & Cash Equivalents 19.20 Net Assets 100.00

^TheaggregateinvestmentsbyotherschemesofPrincipalMutualFundAsonSeptember30,2019:0.26Crore

20

Principal Hybrid Equity Fund(An open ended hybrid scheme investing predominantly in equity and equity related instruments)

(Erstwhile Principal Balanced Fund)



Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV17-Sep-19 0.2235 22.6600 NA NA16-Aug-19 0.2283 23.1400 NA NA17-Jul-19 0.2368 24.4400 0.1500 29.610017-Jun-19 0.2494 24.5100 0.0400 29.4000Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.TheschemefeaturesofPrincipalBalancedFundhaschangedw.e.fJune11,2018


Period Principal Hybrid Equity Fund

CRISIL Hybrid 35+65 - Aggressive Index*



Returns (%) $PTP Returns Returns (%) $PTP

Returns Returns (%) $PTP Returns

1 Year (28-09-2018 to 30-09-2019) -0.89 9910.54 8.01 10805.94 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 8.52 12781.13 9.38 13086.62 11.49 13857.735 Years (30-09-2014 to 30-09-2019) 9.59 15811.67 9.59 15808.37 8.93 15343.62Since Inception (14-01-2000 to 30-09-2019) 10.70 74220.00 NA NA 11.99 93399.63Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable. Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.*TheequitycomponentofCRISILHybrid35+65-AggressiveIndexisrepresentedbytotalreturnsvariantofS&PBSE200




Asset Under Managment (` Cr) MAAUM: 1,562.91

AUM:1,560.55


RegularPlan:January14,2000DirectPlan:January1,2013

Benchmark: CRISIL Hybrid 35+65 - Aggressive Index

`Load StructureEntry Load: NILExit Load: If redeemed/ switched on or before1yearfromthedateofallotment:-Nil for redemption/ switch out of units upto 24%oftheunitsallotted(thelimit)-1%onredemption in excess of 24% of the limitstated above- Redemption of units would be done on First in First out Basis (FIFO) Nil thereafter

Plans RegularPlan&DirectPlan.Options BoththePlansofferGrowth&MonthlyDividend Option. Monthly Dividend Optionunder both the Plan offers facility of Payout,ReinvestmentandSweep.

Ratios & Other Details (As on September30,2019)Standard Deviation^@ (Annualised): 10.28%Beta^@ : 1.13Sharpe Ratio^@ (Annualised) : 0.31 Portfolio Turnover Ratio** : 1.40Equity : 0.21Debt : 1.19

Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith5.52%riskfreerateofreturn(1days-MIBORRateAsonSeptember30,2019).** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (AsonSeptember30,2019).# TotalExpenseRatioincludesGSTonmanagementfees.@For Equity portion only

Fund Manager DetailsName: Ravi Gopalakrishnan (For Equity

Portion)&BekxyKuriakose (For Debt Portion)Managing Since: July2019&Mar2016


Expense Ratio# (AsonSeptember30,2019)Direct Plan - 0.87 %

Regular Plan - 2.09 %

`


Investment Objective:TheInvestmentobjectiveoftheSchemeistoprovidelong-termappreciationandcurrentincomebyinvestinginaportfolioofequity,equityrelatedsecuritiesandfixedincomesecurities.


Banks 18.40% Consumer Non Durables 11.05% Software 7.77% Finance 6.04% Cement 4.53% Petroleum Products 4.10% Power 3.64% Construction Project 3.62% Telecom - Services 1.99% Pharmaceuticals 1.64%

Gross Yield To Maturity of the Debt Portfolio6.55%

Average Maturity of the Debt Portfolio (As on Sep 30, 2019)

ExcludingDebtMutualFundunits:2.63years (27.14%ofthenetassets)Debt Mutual Fund units:Principal Credit Risk Fund : 1.16 years (0.63% of the net assets) (As on September 30, 2019)

Modified Duration of the Debt Portfolio (As on Sep 30, 2019)

ExcludingDebtMutualFundunits:2.02years (27.14%ofthenetassets)Debt Mutual Fund units:Principal Credit Risk Fund : 0.95 years (0.63% of the net assets) (As on September 30, 2019)

Market Cap Allocation (As on Sep 30, 2019) (% of NAV)Equity&EquityRelatedInstrumentsofLargeCapCo. 60.48Equity&EquityRelatedInstrumentsofMidCapCo. 3.81Equity&EquityRelatedInstrumentsofSmallCapCo. 7.26Debt 25.83Mutual Funds 0.63Cash&OtherAssets 1.99

Name Rating % of NAV

Banks 17.06HDFCBankLtd. 4.75ICICIBankLtd. 4.19KotakMahindraBankLtd. 2.92State Bank of India 2.48AxisBankLtd. 1.55IndusIndBankLtd. 1.17Consumer Non Durables 11.05ITCLtd. 2.59MaricoLtd. 2.19HindustanUnileverLtd. 1.88GlaxoSmithKlineConsumerHealthcareLtd. 1.88DaburIndiaLtd. 1.64BritanniaIndustriesLtd. 0.87Software 7.77InfosysLtd. 3.45TataConsultancyServicesLtd. 2.27TechMahindraLtd. 1.30HCLTechnologiesLtd. 0.75Finance 5.28HousingDevelopmentFinanceCorporationLtd. 2.08SBILifeInsuranceCompanyLtd. 1.98ICICIPrudentialLifeInsuranceCompanyLtd. 1.22Cement 4.39TheIndiaCementsLtd. 1.33UltratechCementLtd. 1.15ACCLtd. 1.02AmbujaCementsLtd. 0.89Petroleum Products 4.10RelianceIndustriesLtd. 4.10Power 3.64NTPCLtd. 1.29TataPowerCompanyLtd. 1.21PowerGridCorporationofIndiaLtd. 1.14Construction Project 3.62Larsen&ToubroLtd. 1.95IrconInternationalLtd. 0.92HindustanConstructionCompanyLtd. 0.75Telecom - Services 1.99BhartiAirtelLtd. 1.99Auto 1.50MarutiSuzukiIndiaLtd. 1.50Fertilisers 1.20ChambalFertilisersandChemicalsLtd. 1.20Pharmaceuticals 1.04SunPharmaceuticalIndustriesLtd. 1.04Minerals/Mining 0.91CoalIndiaLtd. 0.91Hotels, Resorts And Other Recreational Activities 0.81

TheIndianHotelsCompanyLtd. 0.81Other Equities* 7.19


Total Equity 71.55 BONDS & NCD 9.31 Housing Development Finance Corporation Ltd CRISIL AAA 1.87

Hindalco Industries Ltd CRISIL AA 1.64Indian Railway Finance Corporation Ltd CRISIL AAA 1.52

Reliance Industries Ltd CRISIL AAA 1.32Bharat Petroleum Corporation Ltd CRISIL AAA 0.91ICICI Bank Ltd [ICRA]AA+ 0.61REC Ltd CRISIL AAA 0.44Export-Import Bank of India CRISIL AAA 0.34Ultratech Cement Ltd CRISIL AAA 0.32Dewan Housing Finance Corporation Ltd CARE D 0.27

EssKayFincorpLtd IND A+(SO) 0.06Britannia Industries Ltd CRISIL AAA 0.01Sovereign 5.27 7.17%GovernmentofIndia Sovereign 1.827.32%GovernmentofIndia Sovereign 1.257.72%GovernmentofIndia Sovereign 1.007.59%GovernmentofIndia Sovereign 0.536.84%GovernmentofIndia Sovereign 0.426.79%GovernmentofIndia Sovereign 0.25State Government Securities 0.48 8.94%StateGovernment of Gujarat Sovereign 0.288.24%StateGovernment of Maharashtra Sovereign 0.20

Commercial Paper 5.99 EsselMining&IndustriesLtd [ICRA]A1+ 1.13Tata Power Company Ltd CRISIL A1+ 0.95Chambal Fertilisers and Chemicals Ltd CRISIL A1+ 0.95

Hero Cycles Ltd CRISIL A1+ 0.94Export-Import Bank of India CRISIL A1+ 0.82LIC Housing Finance Ltd CRISIL A1+ 0.76Indian Oil Corporation Ltd CRISIL A1+ 0.44Certificate of Deposits 4.78 Axis Bank Ltd [ICRA]A1+ 1.06Bank of Baroda [ICRA]A1+ 0.70Bank of India CRISIL A1+ 0.63Small Industries Development Bank of India CRISIL A1+ 0.63

HDFC Bank Ltd IND A1+ 0.62ICICI Bank Ltd [ICRA]A1+ 0.57National Bank for Agriculture and Rural Development CRISIL A1+ 0.57

Investment Funds/Mutual Funds 0.63 Principal Credit Risk Fund - Direct Plan - Growth Option

Mutual Fund 0.63

TREPS / Reverse Repo Investments 1.31 TREPS 1.31Cash & Cash Equivalents 0.68 Net Assets 100.00Top 10 Equity Holdings*Holdinglessthan0.75%

21

Principal Balanced Advantage Fund(Erstwhile Principal SMART Equity Fund)

(An Open-ended dynamic asset allocation fund)

Investment Objective: The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of fundsintoequity;andindebt/moneymarketinstrumentsfordefensivepurposes.TheSchemewilldecideonallocationoffundsintoequityassetsbasedonequitymarketPriceEarningsRatio(PERatio)levels.Whenthemarketsbecomeexpensiveintermsof‘PricetoEarnings’Ratio;theSchemewillreduceitsallocationtoequitiesandmoveassetsintocashfuturearbitrage/equityderivatives,debtand/ormoneymarketinstrumentsandviceversa.

Portfolio


% to Net Assets

% to Net Assets

Deriva-tives

Finance 10.60 -8.19Housing Development FinanceCorporationLtd. 8.88 -8.19

ICICI Prudential Life InsuranceCompanyLtd. 0.91


Pharmaceuticals 9.46 -8.90AurobindoPharmaLtd. 5.74 -5.76SunPharmaceuticalIndustriesLtd. 3.72 -3.14

Consumer Non Durables 8.63 -5.88ITCLtd. 5.79 -4.66

HindustanUnileverLtd. 1.88 -1.22

MaricoLtd. 0.96

Petroleum Products 8.00 -6.84RelianceIndustriesLtd. 8.00 -6.84

Banks 7.64 -2.60Punjab National Bank 2.32 -2.33HDFCBankLtd. 1.99

State Bank of India 1.35 -0.27

ICICIBankLtd. 1.10

KotakMahindraBankLtd. 0.88

Power 4.73 -4.75AdaniPowerLtd. 4.73 -4.75

Software 4.04 -2.45TataConsultancyServicesLtd. 2.50 -1.81

InfosysLtd. 1.54 -0.64

Cement 2.75 -1.67

CenturyTextiles&IndustriesLtd. 1.66 -1.67


Telecom - Services 1.97 -1.01BhartiAirtelLtd. 1.97 -1.01

Construction Project 0.93

Larsen&ToubroLtd. 0.93

Chemicals 0.82


Non - Ferrous Metals 0.75

VedantaLtd. 0.75


Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV17-Sep-19 0.0952 13.3600 0.1066 14.970016-Aug-19 0.0959 13.4800 0.1074 15.090017-Jul-19 0.0972 13.7500 0.1086 15.380017-Jun-19 0.1093 13.7900 0.1220 15.4000Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.TheschemefeaturesofPrincipalSMARTEquityFundhaschangedw.e.fJune4,2018







AUM:209.23


RegularPlan:December16,2010DirectPlan:January1,2013

Benchmark: 50%Nifty100-TRI+35%CRISILShortTermBondIndex+15%NiftyArbitrageIndex

`Load StructureEntry Load: NILExit Load: 0.25% for redemptions within7 days from the date of allotment. [w.e.f.March01,2019]

Plans RegularPlan&DirectPlan.Options BoththePlansofferGrowth&MonthlyDividend Option. Monthly Dividend Optionunder both the Plans offers facility of Payout,ReinvestmentandSweep.

Ratios & Other Details (AsonSeptember30,2019)Standard Deviation^ (Annualised): 4.13%Beta^ : 0.57Sharpe Ratio^ (Annualised) : -0.27 Portfolio Turnover Ratio** : 6.19Equity : 0.50Debt : 0.71Derivatives : 4.98

Fund Manager DetailsName: Ravi Gopalakrishnan (for Equity

Portion)&BekxyKuriakose (For Debt Portion)Managing Since: July2019&January2018


Expense Ratio# (AsonSeptember30,2019)Direct Plan - 1.08 %


Industry Allocation of Equity Instruments (Top 10) (As on September 30, 2019) (% of NAV)

Finance 10.60% Consumer Non Durables 9.89% Pharmaceuticals 9.46% Banks 8.29% Petroleum Products 8.00% Power 5.81% Software 4.72% Cement 3.38% Telecom - Services 1.97% Construction Project 0.93%


Period Principal Balanced Advantage Fund

50% Nifty 100 TRI + 35% CRISIL Short Term Bond Index + 15% Nifty

Arbitrage Index(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (28-09-2018 to 30-09-2019) 0.64 10064.01 7.82 10786.72 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 4.41 11380.85 9.12 12993.61 11.49 13857.735 Years (30-09-2014 to 30-09-2019) 5.56 13110.97 8.79 15243.93 8.93 15343.62Since Inception (16-12-2010 to 30-09-2019) 8.47 20440.00 9.09 21492.91 9.12 21541.09Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP(PointtoPoint) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.

Fund Details


% to Net Assets

% to Net Assets

Deriva-tives

Auto 0.11 -0.11

TataMotorsDVRLtd. 0.11 -0.11


Total Equity 66.89 -42.40

BONDS & NCD 8.49 National Bank for Agriculture and Rural Development

CRISIL AAA 2.43

Indian Railway Finance Corporation Ltd CRISIL AAA 2.41

Housing Development Finance Corporation Ltd CRISIL AAA 1.94

Power Grid Corporation of India Ltd CRISIL AAA 0.98

Dewan Housing Finance Corporation Ltd CARE D 0.72

Britannia Industries Ltd CRISIL AAA 0.01

Sovereign 1.49

7.32%GovernmentofIndia Sovereign 0.997.72%Government of India Sovereign 0.50

State Government Securities 0.50 8.24%StateGovernmentofMaharashtra Sovereign 0.50

Commercial Paper 1.90

TataPowerCompanyLtd. CRISIL A1+ 0.95

IndianOilCorporationLtd. CRISIL A1+ 0.95

Certificate of Deposits 4.67

ICICIBankLtd. [ICRA]A1+ 2.32National Bank for Agriculture and Rural Development

CRISIL A1+ 0.95

Indian Bank IND A1+ 0.93

AxisBankLtd. CRISIL A1+ 0.47

Treasury Bills 0.31



TREPS 2.16


Net Assets 100.00

NET EQUITY LEVEL: 24.49



57.61%

8.51%0.66% 0.11%

17.36% 15.75%

0%

20%

40%

60%

80%


22

Principal Equity Savings Fund(Anopenendedschemeinvestinginequity,arbitrageanddebt)



Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAVQuarterly Dividend (Last 3 Quarters)17-Sep-19 NA NA 0.1549 15.409417-Jun-19 0.3456 12.7982 N.A. N.A.17-Sep-18 0.1842 12.7142 N.A. N.A.Half Yearly Dividend17-Jun-19 0.5100 12.3253 0.6700 12.301015-Jun-18 0.1400 12.0293 0.2100 11.909415-Dec-17 0.7400 12.6361 1.2200 12.9214Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.





AUM:52.28


RegularPlan:May23,2002DirectPlan:January1,2013

Benchmark: 30%Nifty50-TRI+ 70%CRISILLiquidFundIndex

`

Load StructureEntry Load: NILExit Load:Nil(w.e.fAugust02,2017)

Plans RegularPlan&DirectPlan.Options BoththePlansofferGrowth&Halfyearly andQuarterlyDividendOption.

Month End Quants of the Debt Portfolio (AsonSeptember30,2019)Average Maturity: 348 DaysModified Duration: 291 DaysGross Yield to Maturity: 6.92%Portfolio Turnover Ratio** : 5.60Equity : 0.42Debt : 0.14Derivatives : 5.03

Note:**ThePortfolioTurnoverRate(PTR)meansthelowerofaggregatesales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (AsonSeptember30,2019).# TotalExpenseRatioincludesGSTonmanagementfees.

Fund Manager DetailsName: Ravi Gopalakrishnan (For Equity Portion)

&GurvinderSinghWasan (For Debt Portion)Managing Since: July2019&May2019


Expense Ratio# (AsonSeptember30,2019)Direct Plan - 1.21%

Regular Plan - 2.41%

`


Investment Objective:Toprovidecapitalappreciationandincomedistributiontotheinvestorsbyusingequityandequityrelatedinstruments,arbitrageopportunities,andinvestmentsindebtandmoneymarketinstruments.However,therecanbenoassurancethattheinvestmentobjectiveoftheSchemewillberealizedorthatincomewillbegeneratedandtheschemedoesnotassureorguaranteeanyreturns.


Banks 11.28% Software 9.88% Finance 9.74% Pharmaceuticals 7.88%

Consumer Non Durables 7.45%

Cement 6.08% Petroleum Products 5.75% Ferrous Metals 4.64% Power 1.53% Construction Project 1.51%


Period Principal Equity Savings Fund

30 Nifty 50 - TRI + 70 CRISIL Liquid Fund Index (Scheme’s Benchmark)

CRISIL 10 Year Gilt Index(Additional Benchmark)



1 Year (28-09-2018 to 30-09-2019) 3.58 10359.93 7.31 10735.18 15.67 11576.203 Years (30-09-2016 to 30-09-2019) 5.56 11762.77 8.57 12796.39 6.25 11994.855 Years (30-09-2014 to 30-09-2019) 6.39 13632.32 8.14 14790.30 8.67 15161.54Since Inception (23-05-2002 to 30-09-2019) 7.69 36223.80 10.23 54310.10 6.87 31716.08Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable. Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.


% of NAV

% to Net Assets

Deriva-tives

Banks 11.28 -2.68HDFCBankLtd. 3.05

ICICIBankLtd. 2.05

Punjab National Bank 1.64 -1.65

KotakMahindraBankLtd. 1.56

State Bank of India 1.09

Bank of Baroda 1.03 -1.03

AxisBankLtd. 0.86

Software 9.88 -6.63InfosysLtd. 5.28 -4.54TataConsultancyServicesLtd. 3.72 -2.09


Finance 9.16 -6.04Housing Development FinanceCorporationLtd. 7.88 -6.04


Pharmaceuticals 7.88 -7.27SunPharmaceuticalIndustriesLtd. 4.87 -4.25AurobindoPharmaLtd. 3.01 -3.02

Consumer Non Durables 7.45 -2.01ITCLtd. 3.00 -2.01GlaxoSmithKline ConsumerHealthcareLtd. 1.41

MaricoLtd. 1.14

DaburIndiaLtd. 1.03


Cement 6.08 -3.83CenturyTextiles&IndustriesLtd. 3.81 -3.83

ACCLtd. 1.16


Petroleum Products 5.75 -3.93RelianceIndustriesLtd. 5.75 -3.93

Ferrous Metals 4.64 -4.64TataSteelLtd. 4.64 -4.64


% of NAV

% to Net Assets

Deriva-tives

Power 1.53

TataPowerCompanyLtd. 0.78

NTPCLtd. 0.75

Construction Project 1.51

Larsen&ToubroLtd. 1.51

Auto Ancillaries 1.24 -1.25

ExideIndustriesLtd. 1.24 -1.25

Telecom - Services 1.16 -1.17

BhartiAirtelLtd. 1.16 -1.17

Auto 0.84 -0.85

TataMotorsDVRLtd. 0.84 -0.85

Construction 0.83 -0.83

DLFLtd. 0.83 -0.83



BONDS & NCD 12.73

National Housing Bank IND AAA 3.81 Suryoday Small Finance Bank Ltd [ICRA]A 3.79Indian Railway Finance Corporation Ltd CRISIL AAA 1.98

Ultratech Cement Ltd CRISIL AAA 1.91Power Grid Corporation of India Ltd CRISIL AAA 0.99

EssKayFincorpLtd IND A+(SO) 0.24

Britannia Industries Ltd CRISIL AAA 0.01

Treasury Bills 0.08



TREPS 4.00


Net Assets 100.00


Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap Companies

DebtOthers

Cash & Other Assets

63.76%

5.83% 0.84%12.81% 16.76%

0%

20%

40%

60%

80%

NET EQUITY LEVEL: 29.30


23

112

Principal Cash Management Fund

Investment Objective: To provide investors with as high a level of income available from short-term investments as is considered consistent with preservation of capital and maintenance of liquidity, by investing in a portfolio of money market and investment grade debt instruments.


Dividend Update


Monthly Dividend (Last 3 Months)16-Aug-18 5.9512 1028.6756 6.0021 1028.743317-Jul-18 6.9517 1029.6761 7.0061 1029.747315-Jun-18 5.7679 1028.4923 5.8172 1028.5584Past performance may or may not be sustained in the future. * On face value of ` 1,000. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.


Period Principal Cash Management Fund

CRISIL Liquid Fund Index


CRISIL 1 Year T-Bill Index

(Additional Benchmark)Returns

(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP

Returns1 Year (30-09-2018 to 30-09-2019) 6.55 10655.40 7.37 10736.92 8.66 10866.133 Years (30-09-2016 to 30-09-2019) 3.76 11171.48 7.09 12282.62 6.77 12170.985 Years (30-09-2014 to 30-09-2019) 5.55 13103.93 7.50 14359.44 7.30 14224.02Since Inception (30-08-2004 to 30-09-2019) 6.88 27290.37 7.16 28402.43 6.22 24845.38Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.

Data As on September 30, 2019

Rating Profile (As on September 30, 2019) (% of NAV)

73.59%

4.89%

4.76%

16.76%

0.00% 20.00% 40.00% 60.00% 80.00%

A1+

Sovereign

AAA

Cash & Cash Equivalents

Note: # Total Expense Ratio includes GST on management fees.

Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000 RWP- ` 500 6 installments each

Asset Under Managment (` Cr)MAAUM: 210.55

AUM: 209.92


Regular Plan: August 30, 2004Direct Plan: January 1, 2013

Benchmark: CRISIL Liquid Fund Index

`


Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option. Dividend Frequency - Daily / Weekly / Monthly

Month End Quants of the Debt Portfolio (As on September 30, 2019)Average Maturity: 37 DaysModified Duration: 35 DaysGross Yield to Maturity: 5.59%

Fund Manager DetailsName: Ms. Bekxy KuriakoseManaging Since: May 2019Total Experience: 19 years

Expense Ratio# (As on September 30, 2019)Direct Plan - 0.11 %



Composition By Assets (As on Sep 30, 2019) (% of NAV)

Commercial Paper 41.54% Certificate of Deposits 32.05% Treasury Bills 4.89% BONDS & NCD 4.76% Short Term Deposits 2.85% Cash and Other Assets 13.91%


BONDS & NCD 4.76 Power Finance Corporation Ltd. CRISIL AAA 4.76 Commercial Paper 41.54 Indian Oil Corporation Ltd CRISIL A1+ 5.67 Export-Import Bank of India CRISIL A1+ 5.65 NTPC Ltd CRISIL A1+ 4.73 Housing Development Finance Corporation Ltd CRISIL A1+ 4.73 LIC Housing Finance Ltd CRISIL A1+ 4.72 Tata Power Company Ltd CRISIL A1+ 3.79 Chambal Fertilisers and Chemicals Ltd CRISIL A1+ 3.78 Hero Cycles Ltd CRISIL A1+ 3.76 Power Grid Corporation of India Ltd CRISIL A1+ 2.37 Essel Mining & Industries Ltd [ICRA]A1+ 2.34 Certificate of Deposits 32.05 ICICI Bank Ltd [ICRA]A1+ 5.67 Bank of Baroda [ICRA]A1+ 5.66 Axis Bank Ltd CRISIL A1+ 5.65 National Bank for Agriculture and Rural Development CRISIL A1+ 5.64 Kotak Mahindra Bank Ltd CRISIL A1+ 4.72 Bank of India CRISIL A1+ 4.71 Treasury Bills 4.89 91 DAY T-BILL Sovereign 2.52 364 DAY T-BILL Sovereign 2.37 Short Term Deposits 2.85 Canara Bank 2.85 TREPS / Reverse Repo Investments 13.22 TREPS 13.22 Cash & Cash Equivalents 0.69 Net Assets 100.00

In respect of Liquid Scheme(s) NAV applicable shall be subject to receipt of valid application/switch-in request at the OPT and credit of entire subscription/switch-in amounts into the Bank Account of the concerning Scheme(s)/Plan(s) and funds are available for utilization by the Scheme(s)/Plan(s), within relevant cut-off time as applicable to the relevant Scheme(s)/Plan(s).Past performance is no guarantee of future result. (++ for rating methodology please refer page 4.)

^The aggregate investments by other schemes of Principal Mutual Fund As on September 30, 2019: 0.46 Crore

(An open ended liquid scheme)Credit

Risk Rating [ICRA] A1+mfs++

24

Principal Low Duration Fund(An open ended low duration debt scheme investing in instruments such that the

Macaulay duration of the portfolio is between 6 months and 12 months)[Please refer page no. 23 of SID on which the concept of Macaulay’s Duration has been explained.]

Investment Objective: To generate regular income and capital appreciation through investments in debt securities and money market instruments.

Dividend Update


Monthly Dividend (Last 3 Months)16-Apr-19 5.2932 1144.4125 5.6175 1146.691415-Mar-19 7.8697 1146.9890 8.0461 1149.120015-Feb-19 2.6336 1141.7529 2.2227 1143.2966Past performance may or may not be sustained in the future. * On face value of ` 1,000. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.



52.16%

36.72%

3.90%

1.17%

0.16%

5.89%

0.00% 20.00% 40.00% 60.00%

A1+

AAA

D

A+(SO)

Sovereign


Fund Details


Asset Under Managment (` Cr) MAAUM: 161.25

AUM: 160.11 `

Load StructureEntry Load: NILExit Load: • 3% if redeemed on or before 180 days from the date of allotment. • Nil if redeemed after 180 days from the date of allotment. (w.e.f. June 10, 2019)

Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option. Dividend Frequency - Daily / Weekly / Monthly


Regular Plan: September 14, 2004Direct Plan: January 1, 2013

Benchmark: CRISIL Low Duration Debt Index



Month End Quants of the Debt Portfolio (As on September 30, 2019)Average Maturity: 183 DaysModified Duration: 147 DaysGross Yield to Maturity: 5.86%Macaulay Duration: 180 Days





Certificate of Deposits 52.16% BONDS & NCD 41.79% Treasury Bills 0.16% Cash and Other Assets 5.89%

Past performance is no guarantee of future result.


Period Principal Low Duration Fund

CRISIL Low Duration Debt Index




(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP

Returns1 Year (28-09-2018 to 30-09-2019) -10.12 8983.03 9.24 10929.67 8.65 10870.353 Years (30-09-2016 to 30-09-2019) 0.68 10204.49 7.75 12511.26 6.77 12170.985 Years (30-09-2014 to 30-09-2019) 3.77 12032.99 8.33 14924.86 7.30 14224.02Since Inception (14-09-2004 to 30-09-2019) 6.39 25402.30 7.58 30015.69 6.23 24824.99Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.

Portfolio


BONDS & NCD 41.79 National Housing Bank IND AAA 10.98

Housing Development Finance Corporation Ltd. CRISIL AAA 9.45

National Bank for Agriculture and Rural Development CRISIL AAA 9.36


Power Grid Corporation of India Ltd. CRISIL AAA 3.82

Reliance Industries Ltd CRISIL AAA 3.11

Ess Kay Fincorp Ltd IND A+(SO) 1.17

Certificate of Deposits 52.16 Bank of Baroda [ICRA]A1+ 11.54

Axis Bank Ltd CRISIL A1+ 10.53

Small Industries Development Bank of India CRISIL A1+ 9.27

Kotak Mahindra Bank Ltd CRISIL A1+ 6.18

HDFC Bank Ltd IND A1+ 6.09

Bank of India CRISIL A1+ 3.09

ICICI Bank Ltd [ICRA]A1+ 3.03


Treasury Bills 0.16 91 DAY T-BILL Sovereign 0.16

TREPS / Reverse Repo Investments 0.72 TREPS 0.72

Cash & Cash Equivalents 5.17 Net Assets 100.00

25

Principal Short Term Debt Fund(An open ended short term debt scheme investing in instruments such that the

Macaulay duration of the portfolio is between 1 year and 3 years.)[Please refer page no. 23 of SID on which the concept of Macaulay’s Duration has been explained.]

Investment Objective: To generate regular income and capital appreciation/ accretion through investment in debt instruments and related securities besides preservation of capital and has been designed to achieve stable returns over shorter-term investment horizons.

Dividend Update


Monthly Dividend (Last 3 Months)17-May-19 0.0544 12.8738 0.0609 12.912716-Apr-19 0.0595 12.8789 0.0661 12.917915-Mar-19 0.1099 12.9293 0.1158 12.9676Past performance may or may not be sustained in the future. * On face value of ` 10. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.



48.27%

15.12%

8.22%

6.80%

6.42%

15.17%

0.00% 20.00% 40.00% 60.00%

AAA

Sovereign

AA

AA+

A1+



Fund Details



AUM: 154.15 `

Load StructureEntry Load: NILExit Load: • 3% if redeemed on or before 180 days from the date of allotment.• Nil if redeemed after 180 days from the date of allotment. (w.e.f. June 10, 2019)

Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option.Dividend Frequency Monthly


Regular Plan: May 09, 2003Direct Plan: January 1, 2013

Benchmark: CRISIL Short-Term Bond Fund Index

Fund Manager DetailsName: Gurvinder Singh Wasan

Managing Since: April 2011Total Experience: 15 years

Month End Quants of the Debt Portfolio (As on September 30, 2019)Average Maturity: 2.30 yearsModified Duration: 1.86 yearsGross Yield to Maturity: 7.38%Macaulay Duration: 1.98 years





BONDS & NCD 63.29% Sovereign 11.70% Certificate of Deposits 6.42%

State Government Securities 3.42%

Cash and Other Assets 15.17%

Past performance is no guarantee of future result. * Effective after the close of business hours on May 29, 2019 Principal Corporate Bond Fund got merged into Principal Short Term Debt Fund.


Period Principal Short Term Debt Fund

CRISIL Short-Term Bond Fund Index


CRISIL 10 Year Gilt Index


(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP

Returns1 Year (28-09-2018 to 30-09-2019) -0.94 9905.16 10.64 11070.53 15.67 11576.203 Years (30-09-2016 to 30-09-2019) 3.38 11049.43 7.48 12414.44 6.25 11994.855 Years (30-09-2014 to 30-09-2019) 5.74 13223.37 8.32 14913.54 8.67 15161.54Since Inception (09-05-2003 to 30-09-2019) 7.08 30715.10 7.28 31664.58 6.08 26353.10Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.

Portfolio

Name Rating % of NAVBONDS & NCD 63.29 Indian Railway Finance Corporation Ltd CRISIL AAA 9.47 IIFL Home Finance Ltd [ICRA]AA 8.22 NTPC Ltd CRISIL AAA 6.62 National Bank for Agriculture and Rural Development CRISIL AAA 6.49 Ultratech Cement Ltd CRISIL AAA 5.87 Reliance Industries Ltd CRISIL AAA 4.82 Bharat Petroleum Corporation Ltd CRISIL AAA 3.97 Housing Development Finance Corporation Ltd CRISIL AAA 3.28 Power Finance Corporation Ltd CRISIL AAA 3.28 HDFC Bank Ltd CRISIL AA+ 3.27 Hindustan Petroleum Corporation Ltd CRISIL AAA 3.23 Indiabulls Housing Finance Ltd CARE AA+ 3.20 National Housing Bank IND AAA 1.24 ICICI Bank Ltd [ICRA]AA+ 0.33 Sovereign 11.70 7.32% Government of India Sovereign 3.36 7.37% Government of India Sovereign 3.36 7.35% Government of India Sovereign 3.36 6.84% Government of India Sovereign 1.62 State Government Securities 3.42 8.24% State Government of Maharashtra Sovereign 3.42 Certificate of Deposits 6.42 Kotak Mahindra Bank Ltd. CRISIL A1+ 6.42 TREPS / Reverse Repo Investments 5.27 TREPS 5.27 Cash & Cash Equivalents 9.90 Net Assets 100.00

26

Principal Dynamic Bond Fund(An open ended dynamic debt scheme investing across duration)

Investment Objective: To generate regular income and capital appreciation/accretion through investment in debt instruments and related securities besides preservation of capital.

Portfolio

Dividend Update


Quarterly Dividend Option (Last 3 Quarters)15-Mar-19 0.2391 13.6294 0.2598 13.715517-Dec-18 0.3617 13.6933 0.3901 13.785517-Sep-18 0.0559 13.3265 0.1658 13.4975Annual Dividend Option (Last 3 Years)17-Sep-19 0.0922 11.3291 0.1691 11.726517-Sep-18 0.0473 11.3455 0.1460 11.767415-Sep-17 0.8390 12.1187 0.9571 12.5574Past performance may or may not be sustained in the future. * On face value of ` 10. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.

Effective after the close of business hours on September 29, 2017 Principal Government Securities Fund has been merged into Principal Dynamic Bond Fund.



65.38%

12.03%

11.70%

1.47%

9.42%

0.00% 20.00% 40.00% 60.00% 80.00%

Sovereign

AAA

A1+

D


Fund Details



AUM: 34.02 `

Load StructureEntry Load: NILExit Load: • 3% if redeemed on or before 180 days from the date of allotment.• 1% if redeemed after 180 days and onor before 365 days from the date ofallotment.• Nil if redeemed after 365 days fromthe date of allotment. (w.e.f. June 10, 2019)

Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option.Dividend Frequencies Quarterly / Annual


Regular Plan: May 09, 2003Direct Plan: January 1, 2013

Benchmark: CRISIL Composite Bond Fund Index


Fund Manager DetailsName: Ms. Bekxy Kuriakose

Managing Since: January 2013Total Experience: 19 years

Month End Quants of the Debt Portfolio (As on September 30, 2019)Average Maturity: 4.90 yearsModified Duration: 3.70 yearsGross Yield to Maturity: 6.45%





Sovereign 59.10% BONDS & NCD 13.50%

State Government Securities 6.28%

Commercial Paper 5.85% Certificate of Deposits 5.85% Cash and Other Assets 9.42%


BONDS & NCD 13.50

Indian Railway Finance Corporation Ltd. CRISIL AAA 6.10

Housing Development Finance Corporation Ltd. CRISIL AAA 5.93


Sovereign 59.10

7.17% Government of India Sovereign 21.01






State Government Securities 6.28

8.94% State Government of Gujarat Sovereign 3.18

8.24% State Government of Maharashtra Sovereign 3.10

Commercial Paper 5.85

Indian Oil Corporation Ltd. CRISIL A1+ 5.85

Certificate of Deposits 5.85

ICICI Bank Ltd. [ICRA]A1+ 5.85


TREPS 4.95


Net Assets 100.00

Maturity ProfilePeriod Portfolio (%)0-1 11.701-3 7.403-5 19.855-10 48.71Above 10 2.92Cash & Others Assets 9.42


Period Principal Dynamic Bond Fund

CRISIL Composite Bond Fund Index


CRISIL 10 Year Gilt Index


(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP

Returns1 Year (28-09-2018 to 30-09-2019) 0.18 10018.35 13.63 11370.72 15.67 11576.203 Years (30-09-2016 to 30-09-2019) 2.64 10811.85 7.25 12337.03 6.25 11994.855 Years (30-09-2014 to 30-09-2019) 6.16 13485.48 9.13 15484.33 8.67 15161.54Since Inception (09-05-2003 to 30-09-2019) 6.84 29595.50 6.86 29687.91 6.08 26353.10Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.

27

Principal Credit Risk Fund(An open ended debt scheme predominately investing in AA and below rated

corporate bonds (excluding AA+ rated corporate bonds))Investment Objective: To generate income and capital gains by predominantly investing in a portfolio of AA and below rated corporate debt securities across the credit spectrum within the investment grade.

Portfolio

Dividend Update


Monthly Dividend (Last 3 Months)17-May-19 3.7185 1239.2370 4.8068 1243.270716-Apr-19 7.4055 1242.9240 8.4586 1246.922515-Mar-19 9.0742 1244.5927 9.7345 1248.1984Past performance may or may not be sustained in the future. * On face value of ` 1,000. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.



21.28%17.95%

14.22%8.94%8.90%

3.51%1.56%0.11%

23.53%

0.00% 10.00% 20.00% 30.00%

AAAAA

AAA(SO)

AA-A1+

A+(SO)Sovereign


Fund Details



AUM: 56.17 `

Load StructureEntry Load: NILExit Load: • 3% if redeemed on or before 180 days from the date of allotment.• 1% if redeemed after 180 days and onor before 365 days from the date ofallotment.• Nil if redeemed after 365 days fromthe date of allotment. (w.e.f June 10, 2019)

Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option.Dividend Frequency Monthly


Regular Plan: September 14, 2004Direct Plan: January 1, 2013

Benchmark: NIFTY Credit Risk Bond Index


Fund Manager DetailsName: Gurvinder Singh Wasan

Managing Since: January 01, 2018Total Experience: 15 years

Month End Quants of the Debt Portfolio (As on September 30, 2019)Average Maturity: 1.16 yearsModified Duration: 0.95 yearsGross Yield to Maturity: 8.06%





BONDS & NCD 72.85% Commercial Paper 3.51% Treasury Bills 0.11% Cash and Other Assets 23.53%


BONDS & NCD 72.85 Suryoday Small Finance Bank Ltd [ICRA]A 14.22

IIFL Home Finance Ltd [ICRA]AA 12.13

Hindalco Industries Ltd CRISIL AA 9.15

Coastal Gujarat Power Ltd CARE AA(SO) 8.94

Steel Authority of India Ltd IND AA- 8.90

Jamnagar Utilities & Power Private Ltd CRISIL AAA 8.88

National Housing Bank IND AAA 6.43


Ess Kay Fincorp Ltd IND A+(SO) 1.56

Commercial Paper 3.51 Hero Cycles Ltd. CRISIL A1+ 3.51



Cash & Cash Equivalents 7.49 Net Assets 100.00^The aggregate investments by other schemes of Principal Mutual Fund As on September 30, 2019: 9.94 Crore


Period Principal Credit Risk Fund

NIFTY Credit Risk Bond Index




(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP


28

Principal Ultra Short Term Fund(An open ended ultra-short term debt scheme investing in instruments such that the

Macaulay duration of the portfolio is between 3 months and 6 months.)[Please refer page no. 22 of SID on which the concept of Macaulay’s Duration has been explained.]

Investment Objective: To generate regular income & capital appreciation through investments in debt securities and money market instruments.

Dividend Update


Monthly Dividend (Last 3 Months)17-Sep-19 5.4520 1064.2812 6.1678 1065.036416-Aug-19 5.3116 1064.1408 6.0200 1064.888617-Jul-19 6.1939 1065.0231 6.9466 1065.8152Past performance may or may not be sustained in the future. * On face value of ` 1,000. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.

Note: Effective October 21, 2011 fresh subscriptions/switch-in in any mode (including Systematic Investment Plan [SIP] / Systematic Transfer Plan [STP]) under Daily & Weekly Dividend Option and Payout & Sweep facility to Monthly Dividend Option under the Regular Plan of the Scheme are not available. The same may however be open and available for subscription at a later date.


55.43%

32.08%

8.71%

3.78%

0.00% 20.00% 40.00% 60.00%

A1+

AAA

Sovereign



Certificate of Deposits 40.23% BONDS & NCD 32.08% Commercial Paper 15.20% Treasury Bills 8.71% Cash and Other Assets 3.78%

PortfolioData As on September 30, 2019


BONDS & NCD 32.08 Housing Development Finance Corporation Ltd CRISIL AAA 8.63

National Housing Bank IND AAA 8.56

REC Ltd CRISIL AAA 6.83


Power Grid Corporation of India Ltd CRISIL AAA 3.48

Commercial Paper 15.20 LIC Housing Finance Ltd CRISIL A1+ 5.07

Indian Oil Corporation Ltd CRISIL A1+ 3.39

Chambal Fertilisers and Chemicals Ltd CRISIL A1+ 3.38

Essel Mining & Industries Ltd [ICRA]A1+ 3.36

Certificate of Deposits 40.23 Kotak Mahindra Bank Ltd. CRISIL A1+ 8.43

HDFC Bank Ltd. IND A1+ 8.30


Axis Bank Ltd. CRISIL A1+ 5.07

ICICI Bank Ltd. [ICRA]A1+ 3.38

Bank of Baroda [ICRA]A1+ 3.38

National Bank for Agriculture and Rural Development CRISIL A1+ 3.37

Bank of Baroda [ICRA]A1+ 1.66




Cash & Cash Equivalents 1.32 Net Assets 100.00


Period Principal Ultra Short Term Fund

CRISIL Liquid Fund Index




(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP


Fund Details



AUM: 58.28


Regular Plan: December 28, 2007Direct Plan: January 1, 2013

Benchmark: CRISIL Liquid Fund Index

`


Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option. Dividend Frequency - Regular Plan: Daily & Weekly Dividend - Reinvestment Facility Monthly Dividend - Payout, Reinvestment and Sweep facility. Direct Plan: Monthly Dividend - Payout, Reinvestment and Sweep facility.

Month End Quants of the Debt Portfolio (As on September 30, 2019)Average Maturity: 177 DaysModified Duration: 160 DaysGross Yield to Maturity: 6.01%Macaulay Duration: 170 Days



Expense Ratio# (As on September 30, 2019)Direct Plan - 0.38%



29

Principal Retirement Savings Fund - Progressive Plan(An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))

(Erstwhile Principal Asset Allocation Fund of Funds - Aggressive Plan)

Portfolio

Name % of NAV

Banks 18.38HDFC Bank Ltd. 4.80ICICI Bank Ltd. 4.67Kotak Mahindra Bank Ltd. 2.54State Bank of India 2.19

Axis Bank Ltd. 1.31

IndusInd Bank Ltd. 1.03

City Union Bank Ltd. 0.98

Bank of Baroda 0.86

Consumer Non Durables 8.09ITC Ltd. 2.25Marico Ltd. 1.92

GlaxoSmithKline Consumer Healthcare Ltd. 1.50

Dabur India Ltd. 1.41

Britannia Industries Ltd. 1.01

Software 6.52Tata Consultancy Services Ltd. 2.41Infosys Ltd. 2.23

Tech Mahindra Ltd. 0.97

HCL Technologies Ltd. 0.91

Finance 4.37

SBI Life Insurance Company Ltd. 1.77Housing Development Finance Corporation Ltd. 1.42

ICICI Prudential Life Insurance Company Ltd. 1.18

Petroleum Products 3.71Reliance Industries Ltd. 3.71

Power 2.72

Tata Power Company Ltd. 1.72

NTPC Ltd. 1.00


Period Principal Retirement Savings Fund -

Progressive Plan

Nifty 200 FullMarketcap Index - TRI





1 Year (28-09-2018 to 30-09-2019) 1.66 10166.65 4.40 10442.27 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 5.71 11812.68 10.08 13338.70 11.49 13857.73Since Inception (14-12-2015 to 30-09-2019) 8.02 13402.90 12.06 15410.77 12.78 15786.37Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growthoption. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded AnnualisedBasis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Please refer page 33 for annexure of returns for all scheme managed by the fund manager. 5 years performance of Principal Retirement Savings Fund - Progressive Plan is not given as the scheme have not been in existence for 5 years.


Name % of NAV

Cement 2.20

The India Cements Ltd. 1.12

Ultratech Cement Ltd. 1.08

Construction Project 2.20Larsen & Toubro Ltd. 2.20Hotels, Resorts And Other Recreational Activities 1.82

The Indian Hotels Company Ltd. 1.82


Sun Pharmaceutical Industries Ltd. 0.92

Abbott India Ltd. 0.86

Fertilisers 1.48

Chambal Fertilisers and Chemicals Ltd. 1.48


Bharti Airtel Ltd. 1.32


Bajaj Electricals Ltd. 0.97

Chemicals 0.96

Phillips Carbon Black Ltd. 0.96


Total Equity 66.67

BONDS & NCD 0.01

Britannia Industries Ltd. CRISIL AAA 0.01

Treasury Bills 0.45



TREPS 33.21


Net Assets 100.00

Fund Details

Minimum Investment Amount (`)@

Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000$

RWP- ` 500$

6 installments each


AUM: 2.22


Regular Sub-Plan & Direct Sub-Plan:December 14, 2015

Benchmark: Progressive Plan - Nifty 200 Full Marketcap Index - TRI

`Load StructureEntry Load: NILExit Load: Nil in case of RWP/ Redemption/ Switch out from Principal Retirement Savings Fund after completion of 5 years lock in period, or after attainment of retirement age of 60 years whichever is earlier. Nil in case of Auto transfer facility and switch option across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during lock – in period. (Note: Age will be computed with reference to years completed on the date of transaction)

Plans Regular Sub-Plan & Direct Sub-Plan.Options Both the Sub-Plans offer GrowthOption.

Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 5.52% risk free rate of return (1 days - MIBOR Rate As on September 30, 2019). # Investors may please note that they will be bearing the expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment. Total Expense Ratio includes GST on management fees.

Expense Ratio# (As on September 30, 2019)Direct Plan - 1.56%Regular Plan - 2.25%

`


Fund Manager DetailsName: Ravi Gopalakrishnan Managing Since: July 2019Total Experience: 25 years


Banks 19.38% Consumer Non Durables 8.77% Software 6.52% Finance 4.37% Cement 3.77% Petroleum Products 3.71% Pharmaceuticals 2.76% Power 2.72% Construction Project 2.49%

Hotels, Resorts And Other Recreational Activities 1.82%

$Available after the completion of lock-in period.@Auto transfer facility and switch option is available across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during the lock - in period.

Investment Objective: The investment objective of the scheme is to provide capital appreciation and income generation to enable investors save over the long term towards their retirement savings goals, by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities.However, there can be no assur-ance or guarantee that the investment objective of the Scheme will be achieved

Ratios & Other Details (As on September 30, 2019)Standard Deviation^ (Annualised): 10.05%Beta^ : 0.73Sharpe Ratio^ (Annualised) : 0.05

Top 10 Equity Holdings* Holding less than 0.75%

30

Principal Retirement Savings Fund - Conservative Plan(An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))

(Erstwhile Principal Asset Allocation Fund of Funds - Conservative Plan)

Portfolio

Name % of NAV % to Net Assets Deriva-tives

Banks 16.08 -10.50Axis Bank Ltd. 6.48 -6.01HDFC Bank Ltd. 6.20 -4.49ICICI Bank Ltd. 1.41State Bank of India 1.15Kotak Mahindra Bank Ltd. 0.84Consumer Non Durables 14.34 -13.40ITC Ltd. 10.02 -9.07Hindustan Unilever Ltd. 4.32 -4.33Ferrous Metals 9.58 -8.91Tata Steel Ltd. 6.24 -5.56JSW Steel Ltd. 3.34 -3.35Pharmaceuticals 5.73 -4.94Dr. Reddy's Laboratories Ltd. 4.90 -4.94Sun Pharmaceutical Industries Ltd. 0.83Construction Project 5.51 -4.03Larsen & Toubro Ltd. 5.51 -4.03Media & Entertainment 3.43 -3.44Sun TV Network Ltd. 3.43 -3.44Software 2.17Tata Consultancy Services Ltd. 1.13Infosys Ltd. 1.04Petroleum Products 2.01Reliance Industries Ltd. 2.01Other Equities* 12.15 Total Equity 71.00 -45.22BONDS & NCD # Britannia Industries Ltd. CRISIL AAA # Treasury Bills 0.72 91 DAY T-BILL Sovereign 0.72 TREPS / Reverse Repo Investments 14.72 TREPS 14.72 Cash & Cash Equivalents 13.56 Net Assets 100.00


Investment Objective: The investment objective of the scheme is to provide capital appreciation and income generation to enable investors save over the long term towards their retirement savings goals, by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities.However, there can be no assur-ance or guarantee that the investment objective of the Scheme will be achieved

Fund Details



RWP- ` 500$

6 installments each


AUM: 1.38 `




Benchmark: Conservative Plan - 30% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index

Load StructureEntry Load: NILExit Load: Nil in case of RWP/ Redemption/ Switch out from Principal Retirement Savings Fund after completion of 5 years lock in period, or after attainment of retirement age of 60 years whichever is earlier. Nil in case of Auto transfer facility and switch option across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during lock – in period. (Note: Age will be computed with reference to years completed on the date of transaction)


`





Banks 17.23% Consumer Non Durables 16.90% Ferrous Metals 9.98% Pharmaceuticals 6.48% Construction Project 5.58% Media & Entertainment 3.43% Software 2.50% Petroleum Products 2.01% Finance 1.68% Power 0.92%


Period Principal Retirement Savings Fund -

Conservative Plan

30% Nifty 50 - TRI + 70%CRISIL LiquidFund Index


CRISIL 10 YearGilt Index

(Additional Benchmark)



1 Year (28-09-2018 to 30-09-2019) 2.16 10217.35 7.31 10735.18 15.67 11576.203 Years (30-09-2016 to 30-09-2019) 4.31 11348.85 8.57 12796.39 6.25 11994.85Since Inception (14-12-2015 to 30-09-2019) 5.67 12330.30 9.06 13901.71 7.93 13363.22Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growthoption. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis(CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Please refer page 33 for annexure of returns for all scheme managed by the fund manager.5 years performance of Principal Retirement Savings Fund - Conservative Plan is not given as the scheme have not been in existence for 5 years.


Ratios & Other Details (As on September 30, 2019)Standard Deviation^ (Annualised): 3.21%Beta^ : 0.70Sharpe Ratio^ (Annualised) : -0.39

Top 10 Equity Holdings* Holding less than 0.75% # less than 0.005

31

Principal Retirement Savings Fund - Moderate Plan(An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))

(Erstwhile Principal Asset Allocation Fund of Funds - Moderate Plan)

Portfolio

Name % of NAV% to Net

Assets Derivatives

Banks 12.85HDFC Bank Ltd. 3.79ICICI Bank Ltd. 3.27State Bank of India 1.94

Axis Bank Ltd. 1.34

Kotak Mahindra Bank Ltd. 1.33

City Union Bank Ltd. 1.18

Pharmaceuticals 10.44 -9.48Dr. Reddy's Laboratories Ltd. 9.41 -9.48

Abbott India Ltd. 1.03

Cement 7.62 -7.69Grasim Industries Ltd. 7.62 -7.69

Minerals/Mining 6.83 -6.15Coal India Ltd. 6.83 -6.15

Consumer Non Durables 6.37ITC Ltd. 1.91GlaxoSmithKline Consumer Healthcare Ltd. 1.31

Dabur India Ltd. 1.20

Britannia Industries Ltd. 1.07

Marico Ltd. 0.88

Software 3.48Infosys Ltd. 1.84

Tata Consultancy Services Ltd. 1.64

Finance 3.17Housing Development Finance Corporation Ltd. 1.27

SBI Life Insurance Company Ltd. 1.10


Investment Objective: The investment objective of the scheme is to provide capital appreciation and income generation to enable investors save over the long term towards their retirement savings goals, by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities. However, there can be no assur-ance or guarantee that the investment objective of the Scheme will be achieved

Name % of NAV% to Net

Assets Derivatives

ICICI Prudential Life Insurance Company Ltd. 0.80

Power 2.00

Tata Power Company Ltd. 1.15

NTPC Ltd. 0.85

Petroleum Products 1.89Reliance Industries Ltd. 1.89

Construction Project 1.72Larsen & Toubro Ltd. 1.72Hotels, Resorts And Other Recreational Activities 1.53

The Indian Hotels Company Ltd. 1.53


Bharti Airtel Ltd. 1.14


Bajaj Electricals Ltd. 0.91



BONDS & NCD 0.01

Britannia Industries Ltd. CRISIL AAA 0.01

Treasury Bills 1.39



TREPS 24.07


Net Assets 100.00

Fund Details



RWP- ` 500$

6 installments each


AUM: 0.72 `




Benchmark: Moderate Plan - CRISIL Hybrid 35 + 65 - Aggressive Index

Load StructureEntry Load: NILExit Load: Nil in case of RWP/ Redemption/ Switch out from Principal Retirement Savings Fund after completion of 5 years lock in period, or after attainment of retirement age of 60 years whichever is earlier. Nil in case of Auto transfer facility and switch option across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during lock – in period. (Note: Age will be computed with reference to years completed on the date of transaction)

Expense Ratio# (As on September 30, 2019)Direct Plan - 1.62 %Regular Plan - 2.25 %

`





Banks 13.65% Pharmaceuticals 11.59% Cement 8.72% Consumer Non Durables 7.05% Minerals/Mining 6.83% Software 4.19% Finance 3.17% Construction Project 2.07% Power 2.00% Petroleum Products 1.89%


Period Principal Retirement Savings Fund - Moderate

Plan

CRISIL Hybrid 35 + 65 - Aggressive Index*


Nifty 50 TRI(Additional Benchmark)



1 Year (28-09-2018 to 30-09-2019) 2.15 10215.97 8.01 10805.94 6.31 10634.123 Years (30-09-2016 to 30-09-2019) 4.90 11544.71 9.38 13086.62 11.49 13857.73Since Inception (14-12-2015 to 30-09-2019) 6.25 12587.20 11.18 14956.92 12.78 15786.37Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growthoption. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Please refer page 33 for annexure of returns for all scheme managed by the fund manager.*The equity component of CRISIL Hybrid 35 + 65 - Aggressive Index is represented by total return variant of S&P BSE 200.5 years performance of Principal Retirement Savings Fund - Moderate Plan is not given as the scheme have not been in existence for 5 years.


Ratios & Other Details (As on September 30, 2019)Standard Deviation^ (Annualised): 5.86%Beta^ : 0.66Sharpe Ratio^ (Annualised) : -0.09

Top 10 Equity Holdings* Holding less than 0.75%

32

Principal Global Opportunities Fund(An open ended fund of fund scheme investing in Principal Global Investors Funds - Origin Global Smaller Companies Fund)

PortfolioData As on September 30, 2019

Investment Objective: Investment Objective: To provide long term capital appreciation by predominantly investing in overseas mutual fund schemes, and a certain portion of its corpus in Money Market Securities and/or units of Money Market / Liquid Schemes of Principal Mutual Fund.

Fund Details



AUM: 15.15


Regular Plan: March 29, 2004Direct Plan: January 2, 2013

Benchmark: MSCI All Country World Small Cap Index - TRI

`

Load StructureEntry Load: NILExit Load: If redeemed on or before 1 Yearfrom the date of allotment - 1%.

Plans Regular Plan & Direct Plan.Dividend Frequencies Both the Plans offerGrowth & Dividend Option. Dividend Option under both the Plan offers facility of Payout, Reinvestment and Sweep.


`


Fund Manager DetailsName: Rajat Jain

Managing Since: March 2004Total Experience: 30 years

Note: # Investors may please note that they will be bearing the expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment. Total Expense Ratio includes GST on management fees.

Name Industry % of NAVMutual Fund Units / Exchange Traded Funds 99.27 PGIF Origin Global Smaller Companies Fund - Usd I Class Accumulation Mutual Fund 99.27 Treasury Bills 0.07 91 DAY T-BILL Sovereign 0.07 TREPS / Reverse Repo Investments 1.03 TREPS 1.03 Cash & Cash Equivalents -0.37Net Assets 100.00

Name % of NAV

Beach Energy Limited 1.02Generac Holdings Inc. 1.04Asbury Automotive Group, Inc. 0.92Elecom Co., Ltd. 0.90Aaron's, Inc. 0.92Steadfast Group Limited 0.87Amedisys, Inc. 0.89Fox Factory Holding Corp. 0.86LGI Homes, Inc. 0.82Atkore International Group Inc. 0.81Toei Animation Co., Ltd. 0.79NS Solutions Corp 0.78Medpace Holdings, Inc. 0.79Future plc 0.77DTS Corporation 0.76LHC Group, Inc. 0.80Serba Dinamik Holdings Bhd 0.75Inphi Corporation 0.78Barco NV 0.76JD Sports Fashion Plc 0.77OneMain Holdings, Inc. 0.75Novatek Microelectronics Corp. 0.70Chaun-Choung Technology Corp. 0.69Lithia Motors, Inc. Class A 0.73Magellan Financial Group Ltd 0.67Houlihan Lokey, Inc. Class A 0.69Universal Forest Products, Inc. 0.70Towa Pharmaceutical Co., Ltd. 0.67Installed Building Products, Inc. 0.68Virtus Investment Partners, Inc. 0.67Addus HomeCare Corporation 0.67Chailease Holding Co. Ltd. 0.65Egis Technology, Inc. 0.66Sul America SA Ctf de Deposito de Acoes Cons of 1 Sh + 2 Pfd Shs 0.65Diploma PLC 0.68Companhia de Locacao das Americas 0.66Realtek Semiconductor Corp 0.64Lifco AB Class B 0.67Appen Ltd. 0.66Koshidaka Holdings Co., Ltd. 0.64Allegiant Travel Company 0.63Computacenter Plc 0.64Hub Group, Inc. Class A 0.64TIS Inc. 0.69NMI Holdings, Inc. Class A 0.65Elite Material Co., Ltd. 0.63Radian Group Inc. 0.68Itochu Techno-Solutions Corporation 0.60Bechtle AG 0.65Qualicorp Consultoria e Corretora de Seguros S.A. 0.61John Bean Technologies Corporation 0.63Meritor, Inc. 0.60GB Group PLC 0.60ANI Pharmaceuticals, Inc. 0.59Alten SA 0.63Choice Hotels International, Inc. 0.62SolarEdge Technologies, Inc. 0.62Northern Star Resources Ltd 0.64Reply S.p.A. 0.58Thanachart Capital Public Co., Ltd.(Alien Mkt) 0.56TCI Co. Ltd. 0.56TCS Group Holding Plc Sponsored GDR Class A RegS 0.55Essent Group Ltd. 0.61HomeServe plc 0.61Exxaro Resources Limited 0.54NV5 Global Inc 0.55Zhen Ding Technology Holding Limited 0.53EMCOR Group, Inc. 0.61Grupo Aeroportuario del Centro Norte SAB de CV Class B 0.56Interroll Holding AG 0.54Equitable Group Inc. 0.54Chicony Electronics Co. Ltd. 0.52SINBON Electronics Co., Ltd. 0.53Greencore Group Plc 0.54Dialog Semiconductor plc 0.57Parade Technologies, Ltd. 0.53PT ACE Hardware Indonesia Tbk 0.52Saracen Mineral Holdings Limited 0.53Xtep International Holdings Limited 0.51Chemed Corporation 0.60Cirrus Logic, Inc. 0.55EDP - Energias do Brasil S.A. 0.52Evercore Inc Class A 0.55ATS Automation Tooling Systems Inc. 0.51Radiant Opto-Electronics Corp. 0.51Digital Arts Inc. 0.50Meritz Securities Co., Ltd 0.48Stillfront Group AB 0.49Funko, Inc. Class A 0.47Tegma Gestao Logistica S.A. 0.47METAWATER Co.Ltd. 0.48Insight Enterprises, Inc. 0.50Howden Joinery Group PLC 0.53Loomis AB Class B 0.50ManTech International Corporation Class A 0.49First Defiance Financial Corp. 0.47

Name % of NAV

Landstar System, Inc. 0.52INTER ACTION Corporation 0.46Banco ABC Brasil SA Conv Pfd 0.46Polypipe Group PLC 0.47Amano Corporation 0.48MGIC Investment Corporation 0.52Taiwan Union Technology Corporation 0.46Regis Resources Limited 0.47Kforce Inc. 0.45Hansol Chemical Co., Ltd 0.44Sitronix Technology Corp. 0.44Deckers Outdoor Corporation 0.49TriNet Group, Inc. 0.47Molina Healthcare, Inc. 0.54China Tian Lun Gas Holdings Limited 0.43Assore Limited 0.42Helen of Troy Limited 0.48Feng Tay Enterprise Co., Ltd. 0.42Cresco,Ltd. 0.42YDUQS Participacoes S.A. 0.45Meitec Corporation 0.44SEOJIN SYSTEM CO.,LTD 0.42China Yuhua Education Corp. Ltd. 0.42YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H 0.42AfreecaTV Co., Ltd. 0.42PennyMac Financial Services, Inc. 0.44RWS Holdings plc 0.43Azimut Holding Spa 0.44Innospec Inc. 0.42Ingevity Corporation 0.44D'Ieteren SA 0.41Jumbo S.A. 0.39Group 1 Automotive, Inc. 0.41Sleep Number Corporation 0.40SpareBank 1 SMN 0.40Accton Technology Corp. 0.42Central European Media Enterprises Ltd. Class A 0.38Television Francaise 1 SA 0.39Chimera Investment Corporation 0.43Nihon Unisys,Ltd. 0.41AMADA HOLDINGS CO.,LTD 0.38Compania de Transmissao de Energia Eletrica Paulista Pfd 0.37Pentamaster Corp. Bhd. 0.37Soulbrain Co., Ltd 0.38Merry Electronics Co., Ltd. 0.38Liontrust Asset Management PLC 0.37PT Media Nusantara Citra Tbk 0.37Quang Viet Enterprise Co., Ltd. 0.37Warrior Met Coal, Inc. 0.38Chlitina Holding Ltd. 0.37Mycronic AB 0.37NagaCorp Ltd. 0.36Qudian, Inc. Sponsored ADR Class A 0.36New York Mortgage Trust, Inc. 0.38MAXIMUS, Inc. 0.43Parex Resources Inc. 0.39Federal Signal Corporation 0.38PRA Health Sciences, Inc. 0.44John Laing Group Plc 0.38i3 Verticals, Inc. Class A 0.35SYNNEX Corporation 0.41Akatsuki, Inc. 0.35Nolato AB Class B 0.36j2 Global, Inc. 0.40Sawai Pharmaceutical Co., Ltd. 0.37Devoteam SA 0.34Enova International Inc 0.35Thermon Group Holdings, Inc. 0.34Upland Software, Inc. 0.34Tekfen Holding Anonim Sirketi 0.34Timken Company 0.37Clinigen Group Plc 0.35Axon Enterprise Inc 0.38BayCurrent Consulting, Inc. 0.34Bellway p.l.c. 0.39Fabrinet 0.35Ausnutria Dairy Corp. Ltd. 0.33TGS-NOPEC Geophysical Company ASA 0.36Envestnet, Inc. 0.36doValue SpA 0.32Winnebago Industries, Inc. 0.32Sao Martinho S.A. 0.32Resolute Mining Limited 0.32DoubleUGames Co., Ltd. 0.31Dana Incorporated 0.33Skechers U.S.A., Inc. Class A 0.35IMCD N.V. 0.35Oshkosh Corp 0.35ZIGExN Co., Ltd. 0.29Compania de Distribucion Integral Logista Holdings S.A. 0.30PARTRON Co., Ltd. 0.28DMC Global Inc. 0.26ProPetro Holding Corp. 0.22Evolution Gaming Group AB 0.10Cash 1.63Total 100.00

Principal Global Investor Fund - Origin Global Smaller Companies Fund (Underlying Fund) as on August 30, 2019

Regional Allocation of underlying fund (As on August 30, 2019) (% of NAV)

North America 39.57% Emerging Markets 24.99% Japan 10.73% Europe Ex Uk 9.51% United Kingdom 8.06% Asia Ex Japan 5.51% Cash 1.63%

Industry Allocation of underlying fund (As on August 30, 2019) (% of NAV)

Information Technology 26.08% Industrials 19.48% Consumer Discretionary 14.89% Financials 14.49% Health Care 7.75% Materials 4.45% Communication Services 4.25% Energy 3.54% Consumer Staples 2.11% Utilities 1.32% Cash 1.63%


Period Principal Global Opportunities Fund

MSCI All Country World Small Cap Index - TRI

(Scheme’s Benchmark)Nifty 50 - TRI

(Additional Benchmark)

^Returns (%)

$PTP Returns Returns (%) $PTP Returns Returns (%) $PTP Returns

1 Year (28-09-2018 to 30-09-2019) -10.87 8907.13 -7.43 9252.75 6.31 10634.12

3 Years (30-09-2016 to 30-09-2019) 7.80 12526.29 9.59 13162.32 11.49 13857.73

5 Years (30-09-2014 to 30-09-2019) 4.67 12564.65 9.55 15782.43 8.93 15343.62

Since Inception (29-03-2004 to 30-09-2019) 6.96 28393.60 11.96 57710.55 14.34 80002.09

Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ̀ 10,000/- made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. ^ Growth OptionPlease refer page 33 for annexure of returns for all scheme managed by the fund manager.

33

Annexure for returns of all the schemes (as on 30th September 2019)

Scheme Name 1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)

Since Inception CAGR (%)

Date of Inception

FUNDS MANAGED BY MR. DHIMANT SHAH (TOTAL SCHEMES MANAGED : 3 SCHEMES)Principal Emerging Bluechip Fund 1.57 7.66 12.66 23.80

12-11-2008NIFTY Large Midcap 250 Index - TRI 1.45 8.54 10.13 17.08Principal Focused Multicap Fund 6.22 8.09 8.52 14.34

11-11-2005S&P BSE 250 Large Midcap - TRI 4.65 10.21 9.58 12.87Principal Dividend Yield Fund -0.27 9.77 8.98 11.64

15-10-2004Nifty Dividend Opportunities 50 - TRI -0.98 9.81 7.56 NA

FUNDS MANAGED BY MR. RAVI GOPALAKRISHNAN (TOTAL SCHEMES MANAGED : 9 SCHEMES)Principal Multi Cap Growth Fund -0.93 7.65 9.17 14.77

25-10-2000Nifty 500 Index - TRI 3.69 9.44 9.07 15.30Principal Tax Savings Fund -1.18 7.23 8.92 15.55

31-03-1996Nifty 500 Index - TRI$ 3.69 9.44 9.07 13.21Principal Personal Tax Saver Fund -1.55 3.37 5.66 18.57

31-03-1996Nifty 500 Index - TRI$ 3.69 9.44 9.07 13.21Principal Balanced Advantage Fund (Equity Portion) 0.64 4.41 5.56 8.47

16-12-201050% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index 7.82 9.12 8.79 9.09

Principal Hybrid Equity Fund (Equity Portion) -0.89 8.52 9.59 10.7014-01-2000

CRISIL Hybrid 35+65 - Aggressive Index** 8.01 9.38 9.59 NAPrincipal Equity Savings Fund (Equity Portion) 3.58 5.56 6.39 7.69

23-05-200230% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 7.31 8.57 8.14 10.23Principal Retirement Savings Fund(Conservative Plan) 2.16 4.31 NA 5.67

14-12-201530% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 7.31 8.57 NA 9.06Principal Retirement Savings Fund(Progressive Plan) 1.66 5.71 NA 8.02

14-12-2015Nifty 200 Full Marketcap Index - TRI 4.40 10.08 NA 12.06Principal Retirement Savings Fund(Moderate Plan) 2.15 4.90 NA 6.25

14-12-2015CRISIL Hybrid 35+65 - Aggressive Index** 8.01 9.38 NA 11.18

FUNDS MANAGED BY MR. GURVINDER SINGH WASAN (TOTAL SCHEME MANAGED : 3 SCHEMES)Principal Short Term Debt Fund -0.94 3.38 5.74 7.08

09-05-2003CRISIL Short Term Bond Fund Index 10.64 7.48 8.32 7.28Principal Credit Risk Fund 0.35 4.59 6.34 7.06

14-09-2004NIFTY Credit Risk Bond Index 10.23 7.94 8.99 8.78Principal Equity Savings Fund (Debt Portion) 3.58 5.56 6.39 7.69

23-05-200230% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 7.31 8.57 8.14 10.23

FUNDS MANAGED BY MR. RAjAT jAIN (TOTAL SCHEMES MANAGED : 3 SCHEMES)Principal Nifty 100 Equal Weight Fund -1.97 4.84 4.60 10.01

27-07-1999Nifty 100 Equal Weight - TRI -0.97 4.96 7.04 NAPrincipal Arbitrage Fund 3.94 2.77 NA 3.28

21-04-2016Nifty 50 Arbitrage Index 6.55 5.25 NA 5.47Principal Global Opportunities Fund -10.87 7.80 4.67 6.96

29-03-2004MSCI All Country World Small Cap Index - TRI -7.43 9.59 9.55 11.96

FUNDS MANAGED BY MS. BEKxY KURIAKOSE (TOTAL SCHEMES MANAGED : 6 SCHEMES)Principal Hybrid Equity Fund (Debt Portion) -0.89 8.52 9.59 10.70

14-01-2000CRISIL Hybrid 35+65 - Aggressive Index** 8.01 9.38 9.59 NAPrincipal Dynamic Bond Fund 0.18 2.64 6.16 6.84

09-05-2003CRISIL Composite Bond Fund Index 13.63 7.25 9.13 6.86Principal Balanced Advantage Fund (Debt Portion) 0.64 4.41 5.56 8.47

16-12-201050% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index 7.82 9.12 8.79 9.09

Principal Cash Management Fund 6.55 3.76 5.55 6.8830-08-2004

CRISIL Liquid Fund Index 7.37 7.09 7.50 7.16Principal Low Duration Fund -10.12 0.68 3.77 6.39

14-09-2004CRISIL Low Duration Debt Index 9.24 7.75 8.33 7.58Principal Ultra Short Term Fund 7.10 4.76 6.31 6.30

28-12-2007CRISIL Liquid Fund Index 7.37 7.09 7.50 7.54

FUNDS MANAGED BY MR. SIDDARTH MOHTA (TOTAL SCHEMES MANAGED : 1 SCHEME)Principal Multi Cap Growth Fund -0.93 7.65 9.17 14.77

25-10-2000Nifty 500 Index - TRI 3.69 9.44 9.07 15.30Principal Arbitrage Fund was launched on 21st Apr 2016 and is yet to complete 5 years of performance.Principal Retirement Savings Fund (Conservative Plan, Progressive Plan & Moderate Plan) was launched on 14th Dec 2015 and is yet to complete 5 years of performance. Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Mr. Dhimant Shah manages Principal Emerging Bluechip Fund (w.e.f. June 2011), Principal Focused Multicap Fund (w.e.f. July 2017) and Principal Dividend Yield Fund (w.e.f. December 2011)Mr. Ravi Gopalakrishnan manages Principal Multi Cap Growth Fund, Principal Tax Savings Fund, Principal Personal Tax Saver Fund, Principal Balanced Advantage Fund - Equity Portion, Principal Hybrid Equity Fund - Equity Portion, Principal Equity Savings Fund - Equity Portion and Principal Retirement Savings Fund (Conservative Plan-Progressive Plan-Moderate Plan) & Principal Small Cap Fund (w.e.f. July 2019)Mr. Siddarth Mohta has been appointed as a Associate Fund Manager of Principal Multi Cap Growth Fund (w.e.f. August 2018) & Principal Small Cap Fund (w.e.f. May 2019)Ms. Bekxy Kuriakose manages Principal Cash Management Fund, Principal Low Duration Fund & Principal Ultra Short Term Fund (w.e.f. May 2019)Mr. Gurvinder Singh Wasan manages Principal Short Term Debt Fund (w.e.f. April 2011), Principal Credit Risk Fund and Principal Equity Savings Fund - Debt Portion (w.e.f. May, 2019) Mr. Rajat Jain manages Principal Nifty 100 Equal Weight Fund (w.e.f. August 2015), Principal Arbitrage Fund (w.e.f. April 2016) and Principal Global Opportunities Fund (w.e.f. March 2004) Ms. Bekxy Kuriakose manages Principal Hybrid Equity Fund- Debt Portion (w.e.f. Mar 2016), Principal Dynamic Bond Fund (w.e.f. January 2013), and Principal Balanced Advantage Fund -Debt Portion (w.e.f. January 01, 2018)** The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200.$As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 500 Index PRI values from date 31-03-1996 to 26-11-1998 and TRI values since 26-11-1998.Performance of Principal Small Cap Fund is not given as the scheme has not completed 1 year.

34

Official Point of Acceptance (OPA) / Investor Service Centres (ISC)

Principal Asset Management Private Limited (Formerly known as Principal Pnb Asset Management Company Private Limited) - OPA & ISC:

• Mumbai: Exchange Plaza, ‘B’ wing, Ground Floor, NSE Building, Bandra Kurla Complex, Bandra (East), Mumbai-400 051

• New Delhi: A-121, 12th Floor, Himalaya House, 23 K. G. Marg, New Delhi-110 001.

• Ahmedabad: 301, 3rd Floor, Amarnath Business Centre-2, St. Xaviers College Corner, Off. C. G. Road, Navrangpura, Ahmedabad - 380 009.

• Bengaluru: 410, 4th Floor, Prestige Meridian -1, No. 29, M. G. Road, Bengaluru - 560 001.

• Chandigarh: SCO NO 2471-72, 2ND Floor, Sector 22C, Chandigarh, Pincode - 160 022.

• Jaipur: Office No. 445, 4th Floor, Ganpati Plaza, M. I. Road, Jaipur-302 005

• Pune: Office No.2, 2nd Floor, Aditya Centeegra, Ferguson College Road, Dnyaneshwar Paduka Chowk, Shivajinagar, Pune - 411 004.

• Chennai: “Amara Sri”, Old No. 313, New No. 455, Block No. 75, 7th Floor, Anna Salai, Teynampet, Chennai-600 018

• Hyderabad: Regus Solitaire Business Centre Pvt Ltd. Level 4, Gumidelli Towers, Old Airport Road, Begumpet, Hyderabad - 500 016.

• Kolkata: The Legacy, 1st Floor, 25-A, Shakespeare Sarani, Kolkata-700 016

• Lucknow: 406, 4th Floor, Regus Business Centre, Halwasiya Court, Hazratganj, Lucknow-226 001.

Name, Address and Website of Registrar:

Karvy Fintech Pvt. Ltd. (Unit: Principal Mutual Fund),

Karvy Selenium Tower B, Plot number 31 & 32, Financial District, Nanakramguda, Serilingampally Mandal | Hyderabad – 500032. Telangana, India • www.karvyfintech.com

For any enquiries and / or queries, investors are advised to address a suitable communication to AMC at:

Points of Service (“POS”) of MF UTILITIES INDIA PRIVATE LIMITED (“MFUI”) as Official Point of Acceptance:

The Online Transaction Portal of MF Utility is www.mfuonline.com and the list of POS of MFUI is published on the website of MFUI at www.mfuindia.com, as updated from time to time.

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