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FUNDS INSIGHTApril, 2020

Mutual Fund

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Nifty 100 EqualWeight Fund

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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

Systematic Investment Plan (SIP) Returns 8

Equity Funds

Principal Emerging Bluechip Fund 10

Principal Multi Cap Growth Fund 11

Principal Focused Multicap Fund 12

Principal Small Cap Fund 13

Principal Midcap Fund 14

Principal Dividend Yield Fund 15

Principal Tax Savings Fund 16

Principal Personal Tax Saver Fund 17

Principal Nifty 100 Equal Weight Fund 18

Hybrid Funds

Principal Hybrid Equity Fund 19

Principal Balanced Advantage Fund 20

Principal Equity Savings Fund 21

Principal Arbitrage Fund 22

Fixed Income FundsPrincipal Cash Management Fund 23

Principal Ultra Short Term Fund 24

Principal Low Duration Fund 25

Principal Short Term Debt Fund 26

Principal Credit Risk Fund 27

Principal Dynamic Bond Fund 28

Solution Oriented Funds

Principal Retirement Savings Fund (Progressive Plan) 29

Principal Retirement Savings Fund (Moderate Plan) 30

Principal Retirement Savings Fund (Conservative 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: April 2020After a very poor performance in the month of March, when global equity markets were almost all down (the MSCI EM index (USD) and the MSCI World index were both down over 13% in March), equity markets staged a smart rally in the month of April. The MSCI EM (USD) index rallied 9% during the month. However, India outperformed meaningfully, with MSCI India (USD) up 15.5%. The global up move was driven by a flattening of COVID-19 infection rates in some major countries, an unprecedented set of monetary and fiscal measures and some relaxation of lockdown protocols. The worldwide promised support from the governments to the economy is now estimated at about USD 8 TN. While the growth rate of COVID-19 cases has slowed in developed markets, most EMs are showing increasing spread of infection. In India, while the number of COVID cases is rising, the lockdown has helped reduce the rate of increase.

While Foreign portfolio investors remained net sellers in India during the month, the quantum of their net selling came down sharply to Rs. 6,883 crores (approx.) from Rs. 60,321 crores in March. According to JP Morgan data, EM equity had net outflows of USD 4.6 BN during the month (till April 29). The outflows from EM equity in 2020 to date have been USD 29 BN (JP Morgan data).

As expected, the macroeconomic and physical data for the month for April was very weak given that a large part of the economy was shut. Both electricity (-22%) and fuel demand (-50%) fell sharply. Merchandise exports were down about 34% YoY. The prolonged lockdown and the very gradual reopening of the economy means that a ‘V-shaped’ recovery is very unlikely. The return to normalcy will be impacted due to issues around availability of migrant labor, productivity decline while maintaining social distancing protocols, disruptions in supply chains and slow comeback in demand. Anecdotal information from companies suggests that those who have started operations are currently operating at around 40% of normal capacity. Ramp up will be gradual. Although only 18% of the districts in the country are in the Red Zone, it is estimated that they contribute to nearly 48% of India’s GDP (Citibank estimates). Most importantly, the risk aversion among banks and the relative inability of most NBFCs to raise funds will lead to a credit crunch for the relatively smaller and weaker borrowers. The banks who have raised money from the RBI in the LTRO window, are also learnt to have given such funds to AA and higher rated, relatively stronger entities. The liquidity in the system is ample, as the banks are daily lending over Rs. 7 Lac crores in the reverse repos window of the RBI. This is despite the RBI cutting reverse repos rates to 3.75% to disincentivize banks from parking money with itself. In this context, the talk of either the government directly, or through some government entities guaranteeing part of debt of existing solvent businesses is important as it can free up the credit delivery mechanism to some extent.

During the month, healthcare stocks were among the best performing as investors bet on increased healthcare expenditure over the next few years, and the US FDA fast-tracked approvals for some key products that were likely to play a role against Covid-19. Financials continued to have a tough time as investors were cautious both about potential delinquencies and slowdown of growth.

OutlookIn terms of economic recovery, rural areas are likely to recover sooner, as the harvesting continues (esp. in cereals etc., though vegetable farmers have been adversely impacted) with the states facilitating price support operations for such crops. Also, the spread of COVID-19 cases is relatively lesser in rural areas.

The markets are going to be volatile as there is some degree of disconnect between the underlying economy and the markets. Markets are currently more reflective of liquidity and global central bank support to economies. However, these volatile conditions also give scope for stock picking in quality, well run businesses as risk aversion leads to stock prices of even good companies undergoing sharp corrections. The markets in the near term will be impacted by the news flow on a possible cure / vaccine for COVID-19, the opening up of the lockdown and the recovery in manufacturing and services, increase in credit flow and potential demand pick up from end consumers.

Data Item Growth

1 Month 1 yearMSCI EM Index (USD) 9.00 -14.30MSCI EM Index Local 8.64 -10.11MSCI World Index (USD) 10.80 -5.78Nifty 100 Equal Weight Index 15.08 -19.24Indian Rupee 0.59 7.95Dollar Index (DXY) -0.03 1.58Crude Oil- Brent 11.13 -65.29CRB Index -4.58 -16.31Gold 6.93 31.40Copper 4.80 -19.12Iron Ore 1.48 -6.99Cotton (Cotlook A Index) 9.20 -23.56JP Morgan EM FX Index -0.76 -15.18Data as on 30th April 2020. Source: Bloomberg, NSDL and Sebi websites

Indicators March-20 April-20FII net flows (Rs. Crs) -60,321 -6,883Mutual Fund net flows (Rs. Crs) 28,276 -6,846Exports (USD Billion) 27.65 21.40Imports (USD Billion) 37.50 31.16CPI 6.58 5.91IIP 2.01 4.50Data as on 30th April 2020. Souce: Bloomberg, NSDL and Sebiwebsites

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Fixed Income Market Update: April 2020• Duringthemonthyieldsfellacrossgilts,highqualitycorporatebondsandshorttermmoneymarket instrumentsonthe

back of ample banking system liquidity, further measures undertaken by RBI including a reverse repo rate cut and gilt/tbill purchases and expectations of continued support for addressing the COVID 19 related economic slowdown. Lower rated higher credit risk corporate bonds remained under pressure with rising spreads due to selling by mutual funds on the back of redemptions and announcement of closure of six schemes by a large mutual fund during the month.

• On17thApril,RBIGovernortodaycameoutwithfurthersetofmeasurestoalleviatestress infinancialmarkets.Thekeymeasures announced were: 1) Reduction in Reverse Repo rate by 25 bps to 3.75%. (2) TLTROs 2.0. In the second version worth Rs 50,000 cr the facility would be specifically targeted at mid-sized and small sized NBCFs and MFIs. (3) WMA (Ways and Means Advances) limit for States has been increased by 60% over their March end limits. This is to ensure they don’t bunch up their SDL borrowings during the first quarter. Further during the month RBI conducted stealth purchases of T bills and other short dated bills worth Rs 61,075 cr possibly through primary auctions. This helped to keep T bills at stable levels inspite of an announcement of increase in govt’s t-bill borrowings for the April to June quarter from Rs 3 lakh crores to Rs 4.5 lakh cr. Apart from this, RBI also revised the WMA (Ways and Means advances) for the government to Rs 2 lakh crores to tide over the temporary mismatch in cashflows due to the COVID pandemic.

• ThefirstauctionunderTLTRO2.0foranamountofRs25,000crwasheldon23rdApril2020anditwasundersubscribed.Bidsworth Rs 12,850 cr were accepted.

• Towardstheendofthemonth,RBIalsoannouncedSpecialOMOworthRs10,000crwherebyRBIsoldshortdatedCMBsandT bills and bought longer dated 6 to 10 yr government securities. The auction was fully subscribed.

• RBIalsoannouncedaSLF(StandingLiquidityFacility)worthRs50,000crforMFsposttheannouncementofclosureofsixschemes by a large fund house. This was in anticipation of redemptions that the fund industry may face. The line can be availed by banks to provide loans or buy assets from mutual funds.

• Thenewtenyrgiltbenchmarkclosedthemonthat6.11%,3bpslowerthanpreviousmonth.The5yrgiltbenchmarkclosedat 5.15% compared to 5.58% in previous month.

• 1yearCDratesclosedat5.20%comparedto5.60%inthepreviousmonth.3monthCDratesclosedat4.30%,comparedto4.55% in previous month.

• BrentCrudeoilpricesremainedstableataroundUSD25perbarrel.INRappreciatedto75.11ascomparedto75.66inpreviousmonth. For the month of April, FPIs were net sellers in the debt market to the tune of Rs 12,483 cr. India’s March trade deficit came in at USD 9.76 bn, compared to USD 9.85 bn in previous month. 10 yr US treasury yields fell to 0.61 as compared to 0.69 at end of March.

• MarchCPIinflationreleasedduringthemonthcameinat5.91%as6.58%inFeb.

• FebIndustrialproduction(IIP)growthcameat4.5%ascomparedto2%forpreviousmonth.HoweverIndiaAprilmanufacturingPMI hit an all time low of 27.4 mainly as a result of the coronavirus led shutdown. The Services PMI was far worse coming in at 5.4 for April compared to 49.3 in April. Thus the Composite PMI for April stands at 7.2 compared to 50.6.

• BankingSystemLiquidityremainsample.ForthemonthofAprilthemonthlyaveragesurpluswasRs4,67,264cr.

Outlook:

• WeexpectBankingSystemliquiditytoremaincomfortableintherangeofRs5lakhcroresforthemonthofMay.ShorttermCD and CP rates and overnight rates may remain stable and low as was prevalent in April.

• Whilefiscalworriesremainonanticipatedstimulusmeasuresandslowdownintaxrevenues,RBImeasuresareexpectedtoact as a counterbalancing force and keep gilt prices at short to medium end supported.

• Thecreditenvironmentwillremainfragileonuncertaintyofrevenuesandcashflowsduetotheunprecedentednationwidelockdown.

Index 1 Month(%)

3 Months(%)

6 Months(%)

1 Year(%)

Broad Indices

Nifty 50 9860 14.68 -17.57 -17.01 -16.07

S&P BSE Sensex 33718 14.42 -17.20 -15.98 -13.61

S&P BSE 100 9951 14.79 -17.64 -17.07 -16.15

S&P BSE 200 4140 14.70 -17.87 -16.92 -15.77

S&P BSE 500 12721 14.62 -18.71 -17.33 -16.82

S&P BSE MID CAP 12013 13.66 -22.30 -19.18 -19.32

S&P BSE SMALL CAP 11102 15.54 -24.31 -18.12 -24.09

Performance As on April 30, 2020*

Index 1 Month(%)

3 Months(%)

6 Months(%)

1 Year(%)

Sectoral Indices

S&P BSE AUTO 13350 24.23 -26.49 -29.54 -29.14

S&P BSE Bankex 24725 12.13 -29.94 -27.12 -25.82

S&P BSE CD 20525 6.00 -21.50 -23.68 -14.03

S&P BSE CG 12187 11.00 -30.21 -35.26 -32.41

S&P BSE FMCG 10771 5.03 -7.48 -12.05 -8.45

S&P BSE HC 15332 26.21 9.85 15.90 6.72

S&P BSE METAL 6746 18.08 -28.95 -27.51 -41.41

S&P BSE Oil & Gas 12066 20.41 -13.34 -23.31 -21.43

S&P BSE PSU 4785 7.29 -27.14 -33.46 -35.74

S&P BSE Teck 7152 11.69 -9.60 -4.15 -10.37

*Performance for less than one year are absolute returns. Source - MFI Explorer

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How to Read Factsheet

Fund Manager - An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.

Application Amount For Fresh Subscription - This is the minimum investment amount for a new investor in a mutual fund scheme.

Minimum Additional Amount - This is the minimum investment amount for an existing investor in a mutual fund scheme.

Yield To Maturity - The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current market price, par value, coupon interest rate and time to maturity.

SIP - SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SlP that invests ` 500 every 15th of the month in an equity fund for a period of three years.

NAV - The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund.

Benchmark - A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year G-sec.

Entry Load - A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is ` 100 and the entry load is 1%, the investor will enter the fund at ` 101.Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor.

Exit Load - Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ` 100 and the exit load is 1%, the redemption price would be ` 99 per unit.

Modified Duration - Modified duration is the price sensitivity and the percentage change in price for a unit change in yield.

Standard Deviation - Standard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility.

Sharpe Ratio - The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk.

Beta - Beta is a measure of an investment’s volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security’s price will be more volatile than the market.

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

Holdings - The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature Of Scheme - The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have sub-categories.

Rating Profile - Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds.

MAAUM - Monthly Average Asset Under Management

++ ICRA has assigned credit risk rating of [ICRA]A1+mfs to Principal Cash Management Fund. Rating methodology used by ICRA is based on evaluating the inherent credit quality of the mutual funds portfolio. As a measure of the credit quality of a debt fund’s assets, ICRA uses the concept of “credit scores”, based on ICRA’s assessment of credit risk associated with each exposure of the portfolio taking into account its maturity. To quantify the credit risk scores, ICRA uses its database of historical default rates for various rating categories for various maturity buckets. The credit risk ratings incorporate ICRA’s assessment of a debt fund’s published investment objectives and policies, its management characteristics, and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published rating opinions. If the portfolio credit score meets the benchmark of the assigned rating during the review, the rating is retained. In an event that the benchmark credit score is breached, ICRA gives a month’s time to the debt fund manager to bring the portfolio credit score within the benchmark credit score. If the debt fund manager is able to reduce the portfolio credit score within the benchmark credit score, the rating is retained. If the portfolio still continues to breach the benchmark credit score, the rating is revised to reflect the change in credit quality. The ratings should, however, not be construed as an indication of the prospective performance of the Mutual fund scheme or of volatility in its returns. ICRA ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments. ICRA ratings are subject to a process of surveillance which may lead to a revision in ratings. Source: ICRA Ltd.

DISCLAIMER:Mutual Fund investments are subject to market risks, read all scheme related documents carefully.This factsheet is for informative purpose only and under no circumstances is to be used or considered as an investment advice. Terms of issue / load structure/ Scheme specific risk factors are set forth in the Scheme Information Document(SID). Copy of the same is available at all our Investor Service Centres. Alternatively, Investor can download the SID from our website - www.principalindia.com or can call us at 1800 425 5600 to get a copy of the same.

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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 Midcap Fund(An open ended equity scheme predominantly investing in mid cap stocks)

Long term Capital Growth. •Investment in equity and equity related instruments of midcap 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.

~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Product Suitability

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Equity Funds

Principal Emerging Bluechip Fund (`) Principal Multi Cap Growth Fund (`) Principal Tax Savings Fund (`)Regular Plan - Growth 92.44 Regular Plan - Growth 118.92 Regular Plan - Growth 173.34Regular Plan - Half Yearly Dividend Option 35.69 Regular Plan - Half Yearly Dividend Option 29.41 Regular Plan - Half Yearly Dividend Option 173.34Direct Plan - Growth 99.09 Direct Plan - Growth 125.61 Direct Plan - Growth 180.06Direct Plan - Half Yearly Dividend Option 75.45 Direct Plan - Half Yearly Dividend Option 37.62 Direct Plan - Half Yearly Dividend Option 180.06

Principal Nifty 100 Equal Weight Fund (`) Principal Focused Multicap Fund (`) Principal Dividend Yield Fund (`)Regular Plan - Growth 58.3791 Regular Plan - Growth 61.13 Regular Plan - Growth 48.00Regular Plan - Dividend 34.3105 Regular Plan - Half Yearly Dividend Option 23.00 Regular Plan - Half Yearly Dividend Option 20.21Direct Plan - Growth 60.2067 Direct Plan - Growth 64.26 Direct Plan - Growth 49.88Direct Plan - Dividend 35.3827 Direct Plan - Half Yearly Dividend Option 23.73 Direct Plan - Half Yearly Dividend Option 27.66

Principal Small Cap Fund (`) Principal Midcap Fund (`) Principal Personal Tax Saver Fund (`)Regular Plan - Growth 8.8400 Regular Plan - Growth 8.5300 Regular Plan - Growth 161.20Regular Plan - Dividend 8.8400 Regular Plan - Dividend 8.5300 Direct Plan - Growth 167.70Direct Plan - Growth 9.0000 Direct Plan - Growth 8.5900Direct Plan - Dividend 9.0000 Direct Plan - Dividend 8.5900

Hybrid Funds

Principal Hybrid Equity Fund (`) Principal Balanced Advantage Fund (`) Principal Equity Savings Fund (`)Regular Plan - Growth 67.88 Regular Plan - Growth 20.23 Regular Plan - Growth 35.2845Regular Plan - Monthly Dividend Option 19.84 Regular Plan - Monthly Dividend Option 12.70 Regular Plan - Quaterly Dividend Option 11.9974Direct Plan - Growth 73.12 Direct Plan - Growth 21.94 Regular Plan - Half Yearly Dividend Option 11.3889Direct Plan - Monthly Dividend Option 26.58 Direct Plan - Monthly Dividend Option 14.36 Direct Plan - Growth 37.7445

Direct Plan - Quaterly Dividend Option 15.1430Direct Plan - Half Yearly Dividend Option 11.2573

Principal Arbitrage Fund (`)Regular Plan - Growth 11.4384Regular Plan - Monthly Dividend Option 10.1685Direct Plan - Growth 11.7097Direct Plan - Monthly Dividend Option 10.2870

Fixed Income Funds

Principal Cash Management Fund (`) Principal Low Duration Fund (`) Principal Short Term Debt Fund (`)Regular Plan - Growth 1755.1873 Regular Plan - Growth 2484.8383 Regular Plan - Growth 30.2961Regular Plan - Daily Dividend Option 1000.8893 Regular Plan - Daily Dividend Option 848.3719 Regular Plan - Monthly Dividend Option 11.8880Regular Plan - Weekly Dividend Option 1006.3855 Regular Plan - Weekly Dividend Option 848.5119 Direct Plan - Growth 31.9100Regular Plan - Monthly Dividend Option 1024.1307 Regular Plan - Monthly Dividend Option 962.3126 Direct Plan - Monthly Dividend Option 11.9685Direct Plan - Growth 1764.3282 Direct Plan - Growth 2582.7795Direct Plan - Daily Dividend Option 1000.6367 Direct Plan - Daily Dividend Option 851.3400Direct Plan - Weekly Dividend Option 1006.8395 Direct Plan - Weekly Dividend Option 850.0631Direct Plan - Monthly Dividend Option 1024.1842 Direct Plan - Monthly Dividend Option 965.8439

Principal Dynamic Bond Fund (`) Principal Credit Risk Fund (`) Principal Ultra Short Term Fund (`)Regular Plan - Growth 29.8715 Regular Plan - Growth 2700.8521 Regular Plan - Growth 2110.6901Regular Plan - Quaterly Dividend Option 12.8686 Regular Plan - Monthly Dividend Option 1143.7527 Regular Plan - Daily Dividend Option 1005.3493Regular Plan - Annually Dividend Option 11.3603 Direct Plan - Growth 2803.5936 Regular Plan - Weekly Dividend Option 1019.0445Direct Plan - Growth 31.4475 Direct Plan - Monthly Dividend Option 1155.4255 Regular Plan - Monthly Dividend Option 1060.1055Direct Plan - Quaterly Dividend Option 12.9875 Direct Plan - Growth 2175.7087Direct Plan - Annually Dividend Option 11.7048 Direct Plan - Monthly Dividend Option 1060.4668

Solution Oriented Funds

Principal Retirement Savings Fund (CP) (`) Principal Retirement Savings Fund (PP) (`) Principal Retirement Savings Fund (MP) (`)Regular Sub Plan - Growth 12.1070 Regular Sub Plan - Growth 11.5839 Regular Sub Plan - Growth 12.0585Direct Sub Plan - Growth 12.3513 Direct Sub Plan - Growth 11.9254 Regular Sub Plan - Dividend 12.0585

Direct Sub Plan - Growth 12.3978

Fund of Funds

Principal Global Opportunities Fund (`)Regular Plan - Growth 27.0488Regular Plan - Dividend 27.0488Direct Plan - Growth 27.8697Direct Plan - Dividend 27.8697

NAV (Net Asset Value) (As on April 30, 2020)

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Principal Fixed Income Funds Snapshot (As on April 30, 2020)

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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 -20.77 1,06,146 -21.81 1,05,422 -20.89 1,06,057 3 Years SIP 3,60,000 -9.63 3,09,265 -7.02 3,22,522 -4.17 3,37,402 5 Years SIP 6,00,000 -0.31 5,95,248 0.84 6,12,964 2.55 6,40,065 7 Years SIP 8,40,000 5.00 10,03,249 4.74 9,93,931 5.21 10,10,837 10 Years SIP 12,00,000 8.45 18,55,778 7.02 17,22,255 7.17 17,34,964

Since Inception SIP 28,20,000 14.68 2,11,99,550 Not AvailableInception Date - March 31, 1996

Systematic Investment Plan (SIP) Returns (As on April 30, 2020)

SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN

SCHEMES MANAGED BY MR. SUDHIR KEDIA

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 -15.27 1,09,916 -21.78 1,05,444 -20.89 1,06,057 3 Years SIP 3,60,000 -6.66 3,24,383 -8.14 3,16,776 -4.17 3,37,402 5 Years SIP 6,00,000 1.97 6,30,782 0.54 6,08,287 2.55 6,40,065 7 Years SIP 8,40,000 9.15 11,63,085 5.63 10,25,909 5.21 10,10,837 10 Years SIP 12,00,000 12.61 23,13,690 8.24 18,35,645 7.17 17,34,964 Since Inception SIP 13,70,000 14.18 32,24,751 9.50 24,12,437 8.14 22,19,852 Inception Date - November 12, 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 -12.08% 1,12,065 -21.04% 1,05,956 -20.89% 1,06,057 3 Years SIP 3,60,000 -4.00% 3,38,316 -7.83% 3,18,371 -4.17% 3,37,402 5 Years SIP 6,00,000 3.63% 6,57,744 0.51% 6,07,847 2.55% 6,40,065 7 Years SIP 8,40,000 6.92% 10,74,005 3.43% 9,48,788 5.21% 10,10,837 10 Years SIP 12,00,000 8.19% 18,30,644 5.60% 15,99,266 7.17% 17,34,964 Since Inception SIP 18,60,000 9.14% 39,64,365 NA NA NA NAInception Date - October 15, 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 -8.49 1,14,454 -20.46 1,06,357 -20.89 1,06,057 3 Years SIP 3,60,000 -0.35 3,58,053 -5.64 3,29,697 -4.17 3,37,402 5 Years SIP 6,00,000 4.35 6,69,804 1.85 6,28,730 2.55 6,40,065 7 Years SIP 8,40,000 7.18 10,84,029 5.44 10,19,093 5.21 10,10,837 10 Years SIP 12,00,000 8.71 18,81,270 7.62 17,76,462 7.17 17,34,964 Since Inception SIP 17,30,000 10.15 37,76,691 8.85 34,02,244 8.40 32,81,861 Inception Date - November 11, 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 -21.75 1,05,458 -21.81 1,05,422 -20.89 1,06,057 3 Years SIP 3,60,000 -9.46 3,10,134 -7.02 3,22,522 -4.17 3,37,402 5 Years SIP 6,00,000 -0.03 5,99,471 0.84 6,12,964 2.55 6,40,065 7 Years SIP 8,40,000 5.25 10,12,310 4.74 9,93,931 5.21 10,10,837 10 Years SIP 12,00,000 8.56 18,67,031 7.02 17,22,255 7.17 17,34,964 Since Inception SIP 23,40,000 12.41 90,60,021 12.97 96,86,085 12.38 90,30,813 Inception Date - October 25, 2000

SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN & SIDDARTH MOHTA

Different plans shall have a different expense structure. Returns shown above are for Regular Plan - Growth option. 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/- on the 1st business day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Load is not taken into consideration for computation of performance.For performance of all schemes, Investors are advised to refer ‘Returns’ section on page 33.Disclaimer: The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Mr. Ravi Gopalakrishnan manages Principal Emerging Bluechip Fund, Principal Focused Multicap Fund and Principal Dividend Yield Fund (w.e.f. October 2019).Mr. Ravi Gopalakrishnan manages Principal Multi Cap Growth Fund, Equity portion of Principal Balanced Advantage Fund and Mr. Siddarth Mohta has been appointed as a Associate Fund Manager of Principal Multi Cap Growth Fund (w.e.f. August 2018).Mr. Sudhir Kedia manages Principal Tax Savings Fund, Principal Tax Saver Fund and Equity portion of Principal Equity Savings Fund (w.e.f. October 2019).^Since TRI data is not available for the period 31-03-1996 to 30-06-1999 for Nifty 50 Index, SIP performance for since inception period is not provided. **Since TRI data is not available for the period 31-03-1996 to 26-11-1998 for Nifty 500 Index, SIP performance for since inception period is not provided. *Since performance data for Nifty Dividend Opportunities 50 Index is not available, SIP performance since inception period is not provided.

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 -21.54% 1,05,610 -21.81% 1,05,422 -20.89% 1,06,057 3 Years SIP 3,60,000 -10.37% 3,05,591 -7.02% 3,22,522 -4.17% 3,37,402 5 Years SIP 6,00,000 -3.05% 5,55,160 0.84% 6,12,964 2.55% 6,40,065 7 Years SIP 8,40,000 1.53% 8,86,901 4.74% 9,93,931 5.21% 10,10,837 10 Years SIP 12,00,000 4.60% 15,18,310 7.02% 17,22,255 7.17% 17,34,964 Since Inception SIP 28,80,000 15.02% 2,39,35,917 Not AvailableInception Date - March 31, 1996

9

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 -23.80 1,04,033 -21.71 1,05,488 -20.89 1,06,057 3 Years SIP 3,60,000 -10.98 3,02,587 -10.30 3,05,936 -4.17 3,37,402 5 Years SIP 6,00,000 -3.47 5,49,231 -2.26 5,66,442 2.55 6,40,065 7 Years SIP 8,40,000 0.16 8,44,910 2.56 9,19,701 5.21 10,10,837 10 Years SIP 12,00,000 3.16 14,09,518 5.61 15,99,654 7.17 17,34,964 Since Inception SIP 24,90,000 8.85 68,35,345 NA NA 12.23 1,04,11,276 Inception Date - July 27, 1999

Different plans shall have a different expense structure. Returns shown above are for Regular Plan - Growth option. 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/- on the 1st business day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Load is not taken into consideration for computation of performance.For performance of all schemes, Investors are advised to refer ‘Returns’ section on page 33.Disclaimer: The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Mr. Ravi Gopalakrishnan manages Principal Balanced Advantage Fund - Equity Portion, Principal Hybrid Equity Fund - Equity Portion and Mr. Gurvinder Singh Wasan manages Principal Equity Savings Fund - Debt portion (w.e.f. May 2019).Mr. Sudhir Kedia manages Principal Tax Savings Fund, Principal Personal Tax Saver Fund Principal Equity Savings Fund - Equity Portion (w.e.f. October 2019). Mr. Gurvinder Singh Wasan manage Principal Equity Savings Fund - Debt portion (w.e.f. May 2019).Mr. Ravi Gopalakrishnan manage Principal Hybrid Equity Fund - Equity Portion, Mr. Bekxy Kuriakose - Debt Portion and Mr. Ashish Aggrawal - Associate Fund Manager (w.e.f. October 2019)Ms. Bekxy Kuriakose manages Principal Hybrid Equity Fund - Debt Portion (w.e.f. Mar 2016) and Principal Balanced Advantage Fund - Debt Portion (w.e.f. January 01, 2018)Mr. Rajat Jain manages Principal Nifty 100 EqualWeight Fund (w.e.f. August 2015)*Fresh sale of units i.e. by way of purchase/ Switch-ins and registration of fresh SIP arrangement under the Scheme is suspended till further notice.# The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200With effect from June 10, 2018, fresh allotment of units in Principal Personal Tax saver Fund even in case of SIPs registered prior to close of business hours of March 31, 2017 is suspended.^Since TRI data is not available for the period 31-03-1996 to 30-06-1999 for Nifty 50 Index, SIP performance for since inception period is not provided. **Since TRI data is not available for the period 31-03-1996 to 26-11-1998 for Nifty 500 Index, SIP performance for since inception period is not provided. ~Since performance data for Nifty 100 Equal Weight Index is not available, SIP performance since inception period is not provided.Performance of Principal Small Cap Fund & Principal Midcap Fund is not given as the scheme has not completed 1 year.

Systematic Investment Plan (SIP) Returns (As on April 30, 2020)

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 -1.50% 1,19,034 -5.89% 1,16,172 -20.89% 1,06,057 3 Years SIP 3,60,000 0.61% 3,63,385 2.11% 3,71,804 -4.17% 3,37,402 5 Years SIP 6,00,000 3.00% 6,47,354 5.36% 6,86,925 2.55% 6,40,065 7 Years SIP 8,40,000 5.31% 10,14,466 6.94% 10,75,106 5.21% 10,10,837 Since Inception SIP 11,20,000 7.14% 15,76,528 8.06% 16,48,743 7.13% 15,75,402

Inception Date - December 16, 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 -15.09 1,10,039 -8.21 1,14,641 -20.89 1,06,057 3 Years SIP 3,60,000 -5.31 3,31,404 0.80 3,64,442 -4.17 3,37,402 5 Years SIP 6,00,000 2.46 6,38,506 5.08 6,82,074 2.55 6,40,065 7 Years SIP 8,40,000 6.22 10,47,871 7.27 10,87,617 5.21 10,10,837 10 Years SIP 12,00,000 8.41 18,52,587 8.48 18,58,930 7.17 17,34,964 Since Inception SIP 24,30,000 11.52 88,43,412 8.92 64,86,914 12.25 96,68,019 Inception Date - January 14, 2000

Principal Equity Savings Fund - Growth


Scheme’s Returns Scheme’s Benchmark (Nifty Equity Savings 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 -3.78 1,17,553 -1.52 1,19,018 12.44 1,27,867 3 Years SIP 3,60,000 0.57 3,63,147 3.96 3,82,373 10.28 4,19,926 5 Years SIP 6,00,000 3.22 6,50,856 5.93 6,96,877 8.64 7,45,751 7 Years SIP 8,40,000 4.36 9,80,674 6.90 10,73,559 8.57 11,39,162 10 Years SIP 12,00,000 5.07 15,55,732 7.72 17,86,007 8.06 18,18,045 Since Inception SIP 21,50,000 6.26 38,99,713 5.04 34,56,747 7.02 42,10,966 Inception Date - May 23, 2002

SCHEME MANAGED BY MR. SUDHIR KEDIA & GURVINDER SINGH WASAN

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

SCHEME MANAGED BY MR. RAVI GOPALAKRISHNAN, MR. ASHISH AGGARWAL & 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 -6.17 1,15,992 9.14 1,25,803 12.63 1,27,981 3 Years SIP 3,60,000 -1.03 3,54,323 8.64 4,09,926 10.28 4,19,936 5 Years SIP 6,00,000 1.78 6,27,704 8.21 7,37,710 8.64 7,45,761 7 Years SIP 8,40,000 3.54 9,52,269 8.36 11,30,544 8.57 11,39,182 10 Years SIP 12,00,000 5.08 15,56,044 8.46 18,56,601 8.06 18,18,141

Since Inception SIP 20,30,000 6.40 35,98,216 8.00 41,86,053 7.10 38,45,127 Inception Date - May 09, 2003

SCHEMES MANAGED BY GURVINDER SINGH WASAN

10

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

Investment Objective: The primary objective of the Scheme is to achieve long-term capital appreciation by investing in equity & equity related instruments of large cap & midcap companies.

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) 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.

Market Cap Allocation (As on April 30, 2020) (% of NAV)

Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 4.41% risk free rate of return (1 days - MIBOR Rate As on April 30, 2020). ** 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 April 30, 2020). # Weighted Average TER for the month, includes GST on management fees.

Performance (As on 30/04/2020)

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 (30-04-2019 to 30-04-2020) -10.58 8939.17 -15.76 8420.36 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) -0.91 9729.50 -0.65 9805.73 3.33 11034.185 Years (30-04-2015 to 30-04-2020) 6.85 13930.08 5.47 13057.48 5.16 12862.55Since Inception (12-11-2008 to 30-04-2020) 21.39 92440.00 14.76 48527.59 12.78 39736.64Different 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 April 30, 2020

For NAV details, please refer page 6

Asset Under Managment (` Cr) MAAUM: 1,678.25

AUM: 1,821.03 `

Fund Manager DetailsName: Ravi Gopalakrishnan

Managing Since: October 2019Total Experience: 25 years

Expense Ratio# (As on April 30, 2020)Direct Plan - 1.04 %

Regular Plan - 2.18 %`

Industry Allocation (As on April 30, 2020) (% of NAV)

Banks 16.77% Consumer Durables 8.33% Pharmaceuticals 6.95% Industrial Products 6.75% Finance 6.60% Consumer Non Durables 6.41% Chemicals 6.29% Petroleum Products 5.70% Auto Ancillaries 5.60% Software 5.53% Gas 3.75% Cement 3.09% Healthcare Services 2.93% Retailing 2.09% Media & Entertainment 1.70% Transportation 1.57% Auto 1.31% Telecom - Services 1.11% Construction Project 1.06% Services 0.95% Textile Products 0.95% Engineering Services 0.93% Ferrous Metals 0.93% Construction 0.87%

Market Cap Ranges will be determined as per prevailing SEBI/ AMFI guidelines where· Large Cap: 1st -100th company in terms of full market capitalization.· Mid Cap: 101st -250th company in terms of full market capitalization.· Small Cap: 251st company onwards in terms of full market capitalization.

Top 10 Equity Holdings* Holding less than 0.75%

Name % of NAV

Banks 16.29HDFC Bank Ltd. 5.69ICICI Bank Ltd. 4.81Kotak Mahindra Bank Ltd. 2.73Axis Bank Ltd. 1.47City Union Bank Ltd. 0.83State Bank of India 0.76Consumer Durables 8.33Dixon Technologies (India) Ltd. 2.51Bata India Ltd. 1.83Voltas Ltd. 1.62Relaxo Footwears Ltd. 1.37Whirlpool of India Ltd. 1.00Pharmaceuticals 6.95Divi's Laboratories Ltd. 3.08Torrent Pharmaceuticals Ltd. 2.60Natco Pharma Ltd. 1.27Industrial Products 6.75AIA Engineering Ltd. 2.42SRF Ltd. 1.37Astral Poly Technik Ltd. 1.14Mold-Tek Packaging Ltd. 0.93SKF India Ltd. 0.89Consumer Non Durables 6.41Jubilant Foodworks Ltd. 2.07Hindustan Unilever Ltd. 1.66Tata Consumer Products Ltd. 1.40Varun Beverages Ltd. 1.28Chemicals 6.29Navin Fluorine International Ltd. 2.57Atul Ltd. 1.94Fine Organic Industries Ltd. 1.78Finance 6.23Bajaj Finserv Ltd. 1.63Max Financial Services Ltd. 1.58Bajaj Finance Ltd. 1.37SBI Life Insurance Company Ltd. 0.89SBI Cards & Payment Services Ltd. 0.76Petroleum Products 5.70Reliance Industries Ltd. 4.85Hindustan Petroleum Corporation Ltd. 0.85Auto Ancillaries 5.60MRF Ltd. 1.97Exide Industries Ltd. 1.60

Name % of NAV

Balkrishna Industries Ltd. 1.11Sundram Fasteners Ltd. 0.92Software 5.53Infosys Ltd. 3.05Tata Consultancy Services Ltd. 2.48Gas 3.75Indraprastha Gas Ltd. 2.38Gujarat State Petronet Ltd. 1.37Cement 3.09Shree Cement Ltd. 1.60Ultratech Cement Ltd. 1.49Healthcare Services 2.93Dr. Lal Path labs Ltd. 1.85Apollo Hospitals Enterprise Ltd. 1.08Transportation 1.57TCI Express Ltd. 1.57Retailing 1.49Avenue Supermarts Ltd. 1.49Auto 1.31Maruti Suzuki India Ltd. 1.31Telecom - Services 1.11Bharti Airtel Ltd. 1.11Construction Project 1.06Larsen & Toubro Ltd. 1.06Media & Entertainment 0.96Sun TV Network Ltd. 0.96Services 0.95Indian Railway Catering & Tourism Corporation Ltd. 0.95

Textile Products 0.95Page Industries Ltd. 0.95Ferrous Metals 0.93Jindal Steel & Power Ltd. 0.93Engineering Services 0.93Rites Ltd. 0.93Construction 0.87Kajaria Ceramics Ltd. 0.87Other Equities* 2.19 Total Equity 98.17 Treasury Bills 0.09 91 DAY T-BILL Sovereign 0.09 TREPS / Reverse Repo Investments 2.26 TREPS 2.26 Cash & Cash Equivalents -0.52Net Assets 100.00

Ratios & Other Details (As on April 30, 2020)Standard Deviation^ (Annualised): 21.86%Beta^ : 0.97Sharpe Ratio^ (Annualised) : -0.13 Portfolio Turnover Ratio**: 0.56

Plans Regular Plan & Direct Plan. Options Both the Plans offer Growth & Half Yearly Dividend Option.Half Yearly Dividend Option under both the Plans offers facility of Payout, Reinvestment and Sweep.

Allotment Date & Benchmark Allotment Date

Regular Plan: November 12, 2008Direct Plan: January 1, 2013

Benchmark: NIFTY Large Midcap 250 Index - TRI

(w.e.f. May 30, 2018)

Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 300 SIP- ` 100£

Existing Investor- ` 300 STP- ` 1,000 RWP- ` 500 £12 installments each

Load StructureEntry Load: NILExit Load:If redeemed/ switched on or before 365 days 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- Redemption of units would be done on First in First out Basis (FIFO)Nil thereafter. (w.e.f. March 31, 2020)

11

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

Investment Objective: To achieve long – term capital appreciation.


Name % of NAV

Banks 21.11HDFC Bank Ltd. 7.82ICICI Bank Ltd. 6.46Kotak Mahindra Bank Ltd. 2.62

State Bank of India 1.90

Axis Bank Ltd. 1.55

City Union Bank Ltd. 0.76

Finance 9.38Housing Development Finance Corporation Ltd. 2.88

Max Financial Services Ltd. 1.78

SBI Life Insurance Company Ltd. 1.43

Bajaj Finance Ltd. 1.33

Can Fin Homes Ltd. 1.20

SBI Cards & Payment Services Ltd. 0.76

Software 9.16Infosys Ltd. 4.89Tata Consultancy Services Ltd. 4.27

Petroleum Products 8.90Reliance Industries Ltd. 7.69

Hindustan Petroleum Corporation Ltd. 1.21

Consumer Durables 6.17

Relaxo Footwears Ltd. 1.41

Orient Electric Ltd. 1.37

Dixon Technologies (India) Ltd. 1.16

Voltas Ltd. 1.15

Whirlpool of India Ltd. 1.08

Consumer Non Durables 5.86Hindustan Unilever Ltd. 3.41

ITC Ltd. 1.32

Dabur India Ltd. 1.13

Pharmaceuticals 5.69Divi's Laboratories Ltd. 2.58

Abbott India Ltd. 2.22

Alkem Laboratories Ltd. 0.89

Telecom - Services 3.48Bharti Airtel Ltd. 3.48

Industrial Products 3.46

Astral Poly Technik Ltd. 1.34

Timken India Ltd. 1.15

SRF Ltd. 0.97

Name % of NAV

Cement 3.21

Ultratech Cement Ltd. 1.28

JK Cement Ltd. 0.97

Shree Cement Ltd. 0.96

Auto Ancillaries 2.76

Balkrishna Industries Ltd. 1.05

MRF Ltd. 0.95

Motherson Sumi Systems Ltd. 0.76

Retailing 2.54

Avenue Supermarts Ltd. 1.62

Aditya Birla Fashion and Retail Ltd. 0.92

Auto 2.20

Maruti Suzuki India Ltd. 2.20

Construction Project 2.16

Larsen & Toubro Ltd. 2.16

Chemicals 1.89

Atul Ltd. 1.10

Aarti Industries Ltd. 0.79

Fertilisers 1.52

Coromandel International Ltd. 1.52

Transportation 1.50

TCI Express Ltd. 1.50

Pesticides 1.01

Bayer Cropscience Ltd. 1.01

Services 0.95

Indian Railway Catering & Tourism Corporation Ltd. 0.95

Engineering Services 0.95

Rites Ltd. 0.95

Non - Ferrous Metals 0.82

Vedanta Ltd. 0.82

Other Equities* 2.75

Total Equity 97.47

Treasury Bills 0.09

91 DAY T-BILL Sovereign 0.09

Investment Funds/Mutual Funds 0.05 Principal Arbitrage Fund- Direct Plan -Growth Mutual Fund 0.05

TREPS / Reverse Repo Investments 3.17

TREPS 3.17

Cash & Cash Equivalents -0.78

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) 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: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 4.41% risk free rate of return (1 days - MIBOR Rate As on April 30, 2020). ** 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 April 30, 2020).# Weighted Average TER for the month, includes GST on management fees.





Asset Under Managment (` Cr) MAAUM: 537.97

AUM: 581.23


Regular Plan: October 25, 2000Direct Plan: January 1, 2013

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

`

Load StructureEntry Load: NILExit Load:If redeemed/ switched on or be-fore 365 days 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- Redemption of units would be done on First in First out Basis (FIFO)Nil thereafter. (w.e.f. March 31, 2020)


Ratios & Other Details (As on April 30, 2020)Standard Deviation^ (Annualised): 21.03%Beta^ : 0.97Sharpe Ratio^ (Annualised) : -0.18 Portfolio Turnover Ratio**: 0.61

Fund Manager DetailsName: Ravi Gopalakrishnan & Siddarth Mohta

(Associate Fund Manager)Managing Since: July 2019 & August 2018

Total Experience: 25 years & 15 years



Industry Allocation (Top 10) (As on April 30, 2020) (% of NAV)

Banks 21.11% Finance 9.56% Software 9.16% Petroleum Products 8.90% Consumer Durables 6.17% Consumer Non Durables 6.10% Pharmaceuticals 5.69% Cement 3.53% Telecom - Services 3.48% Industrial Products 3.46%


Period Principal Multi Cap Growth Fund

Nifty 500 Index - TRI(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-04-2019 to 30-04-2020) -16.49 8347.02 -15.93 8403.28 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) -1.74 9487.04 0.42 10125.89 3.33 11034.185 Years (30-04-2015 to 30-04-2020) 5.16 12861.78 4.76 12622.31 5.16 12862.55Since Inception (25-10-2000 to 30-04-2020) 13.52 118920.00 13.94 127852.05 13.04 109447.88Different 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.Market Cap Allocation (As on April 30, 2020) (% of NAV)


12

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

Investment Objective: To provide capital appreciation and /or dividend distribution by investing in companies across market capitalization.




Dividend Update


17-Dec-19 1.38 27.36 1.51 28.2417-Jun-19 1.90 27.32 2.31 28.4715-Dec-17 2.11 28.09 1.72 28.46Past 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.






AUM: 327.54


Regular Plan: November 11, 2005Direct Plan: January 1, 2013

Benchmark: S&P BSE 250 Large Midcap Index - TRI

`

Load StructureEntry Load: NILExit Load: 0.25% for redemptions with-in 7 days from the date of allotment [w.e.f. March 01, 2019]


Ratios & Other Details (As on April 30, 2020)Standard Deviation^ (Annualised): 18.31%Beta^ : 0.87Sharpe Ratio^ (Annualised) : 0.06 Portfolio Turnover Ratio** : 0.58






Banks 18.02% Finance 13.35% Consumer Non Durables 12.15% Software 8.78% Petroleum Products 7.36% Pharmaceuticals 6.82% Chemicals 5.92% Industrial Products 5.46% Consumer Durables 4.62% Cement 3.37%


Period Principal Focused Multicap Fund

S&P BSE 250 Large Midcap - TRI



Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-04-2019 to 30-04-2020) -4.64 9535.17 -14.58 8538.64 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) 3.76 11173.46 1.70 10520.74 3.33 11034.185 Years (30-04-2015 to 30-04-2020) 6.21 13518.35 5.36 12988.15 5.16 12862.55Since Inception (11-11-2005 to 30-04-2020) 13.32 61130.00 11.24 46729.41 11.15 46196.83Different 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.

Top 10 Equity Holdings

Name % of NAV

Banks 18.02HDFC Bank Ltd. 7.32ICICI Bank Ltd. 5.89Kotak Mahindra Bank Ltd. 3.00State Bank of India 1.81Finance 13.35Housing Development Finance Corporation Ltd. 4.17Bajaj Finserv Ltd. 2.21SBI Life Insurance Company Ltd. 2.09Max Financial Services Ltd. 1.80Bajaj Finance Ltd. 1.55SBI Cards & Payment Services Ltd. 1.53Consumer Non Durables 12.15Hindustan Unilever Ltd. 5.83Nestle India Ltd. 3.61Britannia Industries Ltd. 2.71Software 8.78Infosys Ltd. 4.98Tata Consultancy Services Ltd. 3.80Petroleum Products 7.36Reliance Industries Ltd. 7.36Pharmaceuticals 6.82Abbott India Ltd. 5.26Alkem Laboratories Ltd. 1.56Chemicals 5.92Navin Fluorine International Ltd. 4.95Aarti Industries Ltd. 0.97Industrial Products 5.46AIA Engineering Ltd. 3.09Astral Poly Technik Ltd. 2.37Consumer Durables 4.62Whirlpool of India Ltd. 2.47Relaxo Footwears Ltd. 2.15Cement 3.37Shree Cement Ltd. 3.37Retailing 3.10Avenue Supermarts Ltd. 3.10Fertilisers 2.23Coromandel International Ltd. 2.23Auto Ancillaries 2.10MRF Ltd. 2.10Auto 1.89Maruti Suzuki India Ltd. 1.89Textile Products 1.88Page Industries Ltd. 1.88Total Equity 97.05Treasury Bills 0.09 91 DAY T-BILL Sovereign 0.09 TREPS / Reverse Repo Investments 5.04 TREPS 5.04 Cash & Cash Equivalents -2.18Net Assets 100.00

13

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

Investment Objective: To generate long term capital appreciation by predominantly investing in equity and equity related instruments of small cap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.


Note: #Weighted Average TER for the month, includes GST on management fees. Portfolio Turnover Ratio not given as the scheme has not completed one year.Other ratios are not given as scheme has not completed 3 years.



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

Existing Investor- ` 1,000 STP- ` 1000§

RWP- ` 500§

£12 installments each §6 installments each


AUM: 151.65


Regular Plan: May 13, 2019 Direct Plan: May 13, 2019

Benchmark: Nifty Small Cap 100 index

`

Load StructureEntry Load: NILExit Load:If redeemed/ switched on or before 365 days 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- Redemption of units would be done on First in First out Basis (FIFO)Nil thereafter. (w.e.f. March 31, 2020)

Plans Regular Plan & Direct Plan. Options Both the Plans offer Growth & Dividend Option. The Dividend Option under both the Plans will have the facility of Payout and Reinvestment.

Fund Manager DetailsName: Ravi Gopalakrishnan &

Mr. Siddarth MohtaManaging Since: July 2019 & May 2019


Expense Ratio# (As on April 30, 2020)Direct Plan - 0.73 %Regular Plan - 2.44 %

`


Chemicals 15.29% Industrial Products 9.22% Consumer Durables 8.84% Software 6.93% Finance 6.65% Cement 5.68% Banks 4.56%

Pesticides 4.05%

Auto 3.85% Transportation 3.77%


Note: Performance of Principal Small Cap Fund is not given as the scheme has not completed 1 year.

Name % of NAV

Chemicals 15.29Navin Fluorine International Ltd. 3.55Neogen Chemicals Ltd. 3.36Galaxy Surfactants Ltd. 2.69Fine Organic Industries Ltd. 2.54Alkyl Amines Chemicals Ltd. 2.36GHCL Ltd. 0.79Industrial Products 9.22Timken India Ltd. 2.39Cosmo Films Ltd. 2.34Mold-Tek Packaging Ltd. 1.76Finolex Cables Ltd. 1.67Astral Poly Technik Ltd. 1.06Consumer Durables 8.40Orient Electric Ltd. 2.42Blue Star Ltd. 1.75VIP Industries Ltd. 1.49Dixon Technologies (India) Ltd. 1.42Relaxo Footwears Ltd. 1.32Software 6.93Tata Elxsi Ltd. 1.80NIIT Ltd. 1.41Persistent Systems Ltd. 1.10Info Edge (India) Ltd. 0.97KPIT Technologies Ltd. 0.85Mastek Ltd. 0.80Cement 5.68JK Lakshmi Cement Ltd. 1.97JK Cement Ltd. 1.96Birla Corporation Ltd. 1.75Finance 5.17Can Fin Homes Ltd. 2.78SBI Life Insurance Company Ltd. 1.32Max Financial Services Ltd. 1.07Banks 4.20ICICI Bank Ltd. 1.75HDFC Bank Ltd. 1.57State Bank of India 0.88Pesticides 4.05Rallis India Ltd. 2.55Bayer Cropscience Ltd. 1.50

Name % of NAV

Transportation 3.77TCI Express Ltd. 2.44Transport Corporation of India Ltd. 1.33Auto 3.32Escorts Ltd. 2.35Hero MotoCorp Ltd. 0.97Fertilisers 3.00Coromandel International Ltd. 1.75Chambal Fertilisers and Chemicals Ltd. 1.25Pharmaceuticals 2.78Divi's Laboratories Ltd. 1.46Alkem Laboratories Ltd. 1.32Ferrous Metals 2.65Tata Steel BSL Ltd. 1.48Kirloskar Ferrous Industries Ltd. 1.17Engineering Services 2.62Rites Ltd. 2.62Telecom - Services 2.24Bharti Airtel Ltd. 2.24Construction Project 1.57Ircon International Ltd. 1.57Textile Products 1.14Siyaram Silk Mills Ltd. 1.14Textiles - Cotton 1.09Vardhman Textiles Ltd. 1.09Petroleum Products 1.06Reliance Industries Ltd. 1.06Auto Ancillaries 0.97Balkrishna Industries Ltd. 0.97Construction 0.85KNR Constructions Ltd. 0.85Other Equities* 5.88 Total Equity 91.88 Treasury Bills 0.09 91 DAY T-BILL Sovereign 0.09 TREPS / Reverse Repo Investments 8.14 TREPS 8.14 Cash & Cash Equivalents -0.11Net Assets 100.00

Top 10 Equity Holdings * Holding less than 0.75%

14

Principal Midcap Fund(An open ended equity scheme predominantly investing in mid cap stocks)

Investment Objective: To generate long term capital appreciation by predominantly investing in equity and equity related instruments of midcap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.


Note: # Weighted Average TER for the month, includes GST on management fees. Portfolio Turnover Ratio not given as the scheme has not completed one year.Other ratios are not given as scheme has not completed 3 years.




Existing Investor- ` 1,000 STP- ` 1000§

RWP- ` 500§

£12 installments each §6 installments each


AUM: 220.82


Regular Plan: Dec 30, 2019 Direct Plan: Dec 30, 2019

Benchmark: NIFTY Midcap 100 Index - TRI

`Load StructureEntry Load: NILExit Load: If redeemed/ switched on or before 365 days 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- Redemption of units would be done on First in First out Basis (FIFO)Nil thereafter. (w.e.f. March 31, 2020)

Plans Regular Plan & Direct Plan. Options Both the Plans offer Growth & Dividend Option. The Dividend Option under both the Plans will have the facility of Payout, Reinvestment and Sweep.

Fund Manager DetailsName: Ravi Gopalakrishnan &

Mr. Sudhir KediaManaging Since: Dec 2019 & Dec 2019



`


Pharmaceuticals 10.14% Finance 9.31% Auto Ancillaries 8.53% Consumer Non Durables 7.45% Industrial Products 7.19% Consumer Durables 7.16% Banks 6.93%

Pesticides 5.09%

Auto 4.45% Software 3.88%

Market Cap Allocation (As on April 30, 2020) (% of NAV) Note: Performance of Principal Midcap Fund is not given as the scheme has not completed 1 year.

Name % of NAV

Pharmaceuticals 10.14Abbott India Ltd. 3.59Natco Pharma Ltd. 1.64IPCA Laboratories Ltd. 1.50Alkem Laboratories Ltd. 1.44Divi's Laboratories Ltd. 1.10Torrent Pharmaceuticals Ltd. 0.87Auto Ancillaries 8.04WABCO India Ltd. 3.52Balkrishna Industries Ltd. 1.85MRF Ltd. 1.71Exide Industries Ltd. 0.96Finance 7.53Max Financial Services Ltd. 2.31Can Fin Homes Ltd. 1.67SBI Cards & Payment Services Ltd. 0.91Bajaj Finserv Ltd. 0.91Nippon Life India Asset Management Ltd. 0.88Bajaj Finance Ltd. 0.85Consumer Non Durables 7.45Tata Consumer Products Ltd. 3.92Jubilant Foodworks Ltd. 2.46Britannia Industries Ltd. 1.07Consumer Durables 7.16Whirlpool of India Ltd. 2.33Voltas Ltd. 2.00Relaxo Footwears Ltd. 1.80VIP Industries Ltd. 1.03Banks 6.26ICICI Bank Ltd. 2.12City Union Bank Ltd. 1.10AU Small Finance Bank Ltd. 1.05HDFC Bank Ltd. 1.04The Federal Bank Ltd. 0.95Industrial Products 5.89AIA Engineering Ltd. 2.09SKF India Ltd. 1.53Astral Poly Technik Ltd. 1.21SRF Ltd. 1.06Pesticides 5.09Bayer Cropscience Ltd. 2.91PI Industries Ltd. 2.18Auto 3.95Escorts Ltd. 1.58Maruti Suzuki India Ltd. 1.25

Name % of NAV

TVS Motor Company Ltd. 1.12Software 3.88Info Edge (India) Ltd. 2.06Infosys Ltd. 1.82Petroleum Products 3.83Castrol India Ltd. 1.57Reliance Industries Ltd. 1.33Hindustan Petroleum Corporation Ltd. 0.93Textile Products 2.50Page Industries Ltd. 2.50Chemicals 2.46Atul Ltd. 2.46Gas 2.38Gujarat State Petronet Ltd. 1.20Indraprastha Gas Ltd. 1.18Cement 2.20The Ramco Cements Ltd. 1.38JK Cement Ltd. 0.82Industrial Capital Goods 2.01Honeywell Automation India Ltd. 2.01Fertilisers 1.87Coromandel International Ltd. 1.87Construction 1.81Kajaria Ceramics Ltd. 1.81Construction Project 1.37Larsen & Toubro Ltd. 1.37Ferrous Metals 1.31Tata Steel BSL Ltd. 1.31Retailing 1.16Avenue Supermarts Ltd. 1.16Power 0.90NTPC Ltd. 0.90Non - Ferrous Metals 0.85National Aluminium Company Ltd. 0.85Engineering Services 0.82Rites Ltd. 0.82Other Equities* 7.41 Total Equity 98.27 Treasury Bills 0.18 91 DAY T-BILL Sovereign 0.18 TREPS / Reverse Repo Investments 2.64 TREPS 2.64 Cash & Cash Equivalents -1.09Net Assets 100.00


15

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 high dividend yield.


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) 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.





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


AUM: 154.69


Regular Plan: October 15, 2004Direct Plan: January 1, 2013

Benchmark: Nifty Dividend Opportunities 50 Index - TRI

`

Load StructureEntry Load: NILExit Load:If redeemed/ switched on or be-fore 365 days 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- Redemption of units would be done on First in First out Basis (FIFO) Nil thereafter (w.e.f. March 31, 2020)


Ratios & Other Details (As on April 30, 2020)Standard Deviation^ (Annualised): 18.49%Beta^ : 1.07Sharpe Ratio^ (Annualised) : 0.02 Portfolio Turnover Ratio** : 0.30






Consumer Non Durables 19.16% Software 15.12% Banks 10.64% Petroleum Products 10.22% Chemicals 7.51% Auto 6.69% Gas 4.87% Industrial Products 3.94% Cement 3.84% Finance 3.03%


Period Principal Dividend Yield Fund

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


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-04-2019 to 30-04-2020) -11.03 8893.83 -18.27 8168.51 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) 3.04 10943.91 -0.07 9979.36 3.33 11034.185 Years (30-04-2015 to 30-04-2020) 6.81 13909.01 4.57 12505.45 5.16 12862.55Since Inception (15-10-2004 to 30-04-2020) 10.61 48000.00 NA NA 12.99 66817.68Different 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.Market Cap Allocation (As on April 30, 2020) (% of NAV)


Name % of NAV

Consumer Non Durables 18.50Hindustan Unilever Ltd. 8.21ITC Ltd. 4.77Colgate Palmolive (India) Ltd. 2.63VST Industries Ltd. 2.03Britannia Industries Ltd. 0.86Software 15.12Tata Consultancy Services Ltd. 6.08Infosys Ltd. 5.00HCL Technologies Ltd. 2.38Tech Mahindra Ltd. 1.66Banks 10.64ICICI Bank Ltd. 4.42HDFC Bank Ltd. 3.48State Bank of India 1.42Kotak Mahindra Bank Ltd. 1.32Petroleum Products 10.22Reliance Industries Ltd. 5.47Hindustan Petroleum Corporation Ltd. 3.13Castrol India Ltd. 1.62Chemicals 7.51Navin Fluorine International Ltd. 3.23Aarti Industries Ltd. 2.57Fine Organic Industries Ltd. 1.71Auto 6.69Bajaj Auto Ltd. 3.36Maruti Suzuki India Ltd. 1.38Ashok Leyland Ltd. 1.10Mahindra & Mahindra Ltd. 0.85Gas 4.87Gujarat Gas Ltd. 3.01Indraprastha Gas Ltd. 1.86

Name % of NAV

Industrial Products 3.94AIA Engineering Ltd. 2.28SRF Ltd. 1.66Cement 3.84Ultratech Cement Ltd. 3.84Finance 2.42Bajaj Holdings & Investment Ltd. 1.43Bajaj Finserv Ltd. 0.99Auto Ancillaries 1.81Exide Industries Ltd. 1.06Balkrishna Industries Ltd. 0.75Ferrous Metals 1.74Tata Steel Ltd. 1.74Non - Ferrous Metals 1.69Hindustan Zinc Ltd. 1.69Power 1.54NTPC Ltd. 1.54Consumer Durables 1.28Sheela Foam Ltd. 1.28Telecom - Services 1.26Bharti Airtel Ltd. 1.26Fertilisers 1.06Coromandel International Ltd. 1.06Construction Project 0.91Larsen & Toubro Ltd. 0.91Other Equities* 2.50 Total Equity 97.54 Treasury Bills 0.08 91 DAY T-BILL Sovereign 0.08 TREPS / Reverse Repo Investments 2.86 TREPS 2.86 Cash & Cash Equivalents -0.48Net Assets 100.00

16

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

lock in of 3 years and tax benefit)

Investment Objective: To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors. The scheme aims at providing returns through capital appreciation.


Name % of NAV

Banks 22.60HDFC Bank Ltd. 7.74ICICI Bank Ltd. 6.25Kotak Mahindra Bank Ltd. 3.96State Bank of India 2.84

Axis Bank Ltd. 1.81

Consumer Non Durables 9.62ITC Ltd. 2.38

Hindustan Unilever Ltd. 2.21

United Spirits Ltd. 2.12

Tata Consumer Products Ltd. 1.99

Britannia Industries Ltd. 0.92






Bajaj Finserv Ltd. 0.97



Pharmaceuticals 5.16

Sun Pharmaceutical Industries Ltd. 1.86

Divi's Laboratories Ltd. 1.73


Construction Project 3.76Larsen & Toubro Ltd. 3.76

Auto 3.14


Mahindra & Mahindra Ltd. 0.98

Eicher Motors Ltd. 0.95

Name % of NAV


AIA Engineering Ltd. 1.00


SRF Ltd. 0.76



Titan Company Ltd. 1.03

Telecom - Services 2.08

Bharti Airtel Ltd. 2.08

Power 2.05

NTPC Ltd. 2.05

Cement 1.81



Textile Products 1.30

Page Industries Ltd. 1.30

Construction 1.25

Kajaria Ceramics Ltd. 1.25

Gas 1.07

GAIL (India) Ltd. 1.07

Pesticides 1.03


Ferrous Metals 0.77

Tata Steel BSL Ltd. 0.77


Total Equity 96.01

Treasury Bills 0.09



TREPS 4.33


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) 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.




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: 344.37


Regular Plan: March 31, 1996Direct Plan: January 1, 2013

Benchmark: Nifty 500 Index - TRI

`

Load StructureEntry Load: NILExit Load: NIL

Plans Regular Plan & Direct Plan. Options Both the Plans offer Growth & Half Yearly Dividend Option.(W.e.f. September 11, 2017)

Ratios & Other Details (As on April 30, 2020)Standard Deviation^ (Annualised): 21.14%Beta^ : 0.98Sharpe Ratio^ (Annualised) : -0.20 Portfolio Turnover Ratio** : 0.77

Fund Manager DetailsName: Sudhir Kedia





Banks 22.60% Consumer Non Durables 10.07% Finance 9.01% Petroleum Products 8.98% Software 7.57% Pharmaceuticals 6.53% Industrial Products 4.40% Construction Project 3.76% Consumer Durables 3.43% Auto 3.14%


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 (30-04-2019 to 30-04-2020) -16.84 8311.68 -15.93 8403.28 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) -2.08 9387.49 0.42 10125.89 3.33 11034.185 Years (30-04-2015 to 30-04-2020) 4.91 12711.01 4.76 12622.31 5.16 12862.55Since Inception (31-03-1996 to 30-04-2020) 14.50 261482.91 12.18 159495.32 11.34 133210.20Different 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.*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.**As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 Index PRI values from date 31-03-1996 to 30-06-1999 and TRI values since 30-06-1999.



17

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

Investment Objective: To provide long term growth of capital. The Investment Manager will aim to achieve a return on assets in excess of the performance of S&P BSE 100 INDEX


Name % of NAVBanks 23.11HDFC Bank Ltd. 7.84ICICI Bank Ltd. 6.35Kotak Mahindra Bank Ltd. 4.13State Bank of India 2.94

Axis Bank Ltd. 1.85

Consumer Non Durables 9.79ITC Ltd. 2.38


United Spirits Ltd. 2.18

Tata Consumer Products Ltd. 2.03

Britannia Industries Ltd. 0.92






Bajaj Finserv Ltd. 0.98







Construction Project 3.87Larsen & Toubro Ltd. 3.87

Auto 3.13


Mahindra & Mahindra Ltd. 0.98

Eicher Motors Ltd. 0.94

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) 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.^Fresh sale of units i.e. by way of purchase/ Switch-ins and registration of fresh SIP arrangement under the Scheme is suspended till further notice.With effect from June 10, 2018, fresh allotment of units in Principal Personal Tax saver Fund even in case of SIPs registered prior to close of business hours of March 31, 2017 is suspended.





AUM: 207.66



Benchmark: Nifty 500 Index - TRI

`


Plans Regular Plan & Direct Plan. Options Both the Plan do not have any options at present.

Ratios & Other Details (As on April 30, 2020)Standard Deviation^ (Annualised): 21.39%Beta^ : 1.00Sharpe Ratio^ (Annualised) : -0.26 Portfolio Turnover Ratio** : 0.76

Fund Manager DetailsName: Sudhir Kedia



Regular Plan - 2.54 %


Banks 23.11% Consumer Non Durables 10.24% Finance 9.24% Petroleum Products 9.03% Software 7.82% Pharmaceuticals 6.72% Industrial Products 4.45% Construction Project 3.87% Consumer Durables 3.51% Auto 3.13%


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 (30-04-2019 to 30-04-2020) -17.43 8252.70 -15.93 8403.28 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) -3.53 8976.00 0.42 10125.89 3.33 11034.185 Years (30-04-2015 to 30-04-2020) 1.57 10811.54 4.76 12622.31 5.16 12862.55Since Inception (31-03-1996 to 30-04-2020) 17.40 477526.80 12.18 159495.32 11.34 133210.20Different 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.*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.**As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 Index PRI values from date 31-03-1996 to 30-06-1999 and TRI values since 30-06-1999.

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 NAVIndustrial Products 2.60

AIA Engineering Ltd. 1.01


SRF Ltd. 0.79



Titan Company Ltd. 1.03



Power 2.08

NTPC Ltd. 2.08

Cement 1.81





Construction 1.28


Gas 1.07

GAIL (India) Ltd. 1.07

Pesticides 0.88


Ferrous Metals 0.79

Tata Steel BSL Ltd. 0.79


Total Equity 97.66

Treasury Bills 0.09



TREPS 2.70


Net 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 with the Nifty 100 Equal Weight Index.


Name % of NAVConsumer Non Durables 13.25Colgate Palmolive (India) Ltd. 1.16ITC Ltd. 1.12Nestle India Ltd. 1.10Britannia Industries Ltd. 1.08Procter & Gamble Hygiene and Health Care Ltd. 1.05Marico Ltd. 1.05Berger Paints India Ltd. 1.03Dabur India Ltd. 1.03Hindustan Unilever Ltd. 1.02United Spirits Ltd. 0.94Godrej Consumer Products Ltd. 0.93Asian Paints Ltd. 0.91United Breweries Ltd. 0.83Finance 12.64The New India Assurance Company Ltd. 1.26ICICI Lombard General Insurance Company Ltd. 1.12ICICI Prudential Life Insurance Company Ltd. 1.06HDFC Life Insurance Company Ltd. 1.01Power Finance Corporation Ltd. 1.01General Insurance Corporation Of India 0.98HDFC Asset Management Company Ltd. 0.97Housing Development Finance Corporation Ltd. 0.97SBI Life Insurance Company Ltd. 0.92Piramal Enterprises Ltd. 0.91Shriram Transport Finance Company Ltd. 0.89Indiabulls Housing Finance Ltd. 0.77L&T Finance Holdings Ltd. 0.77Pharmaceuticals 10.64Aurobindo Pharma Ltd. 1.60Cipla Ltd. 1.43Lupin Ltd. 1.34Dr. Reddy's Laboratories Ltd. 1.32Cadila Healthcare Ltd. 1.31Sun Pharmaceutical Industries Ltd. 1.25Biocon Ltd. 1.23Divi's Laboratories Ltd. 1.16Banks 6.80HDFC Bank Ltd. 0.94Punjab National Bank 0.91Kotak Mahindra Bank Ltd. 0.88State Bank of India 0.86ICICI Bank Ltd. 0.85Bank of Baroda 0.83Axis Bank Ltd. 0.78Bandhan Bank Ltd. 0.75Auto 6.40Hero MotoCorp Ltd. 1.08Bajaj Auto Ltd. 1.07Maruti Suzuki India Ltd. 0.91Tata Motors Ltd. 0.89Eicher Motors Ltd. 0.83Mahindra & Mahindra Ltd. 0.83Ashok Leyland Ltd. 0.79Software 5.97Tata Consultancy Services Ltd. 1.09Infosys Ltd. 1.08HCL Technologies Ltd. 1.05Oracle Financial Services Software Ltd. 1.03Wipro Ltd. 0.92Tech Mahindra Ltd. 0.80Cement 4.63ACC Ltd. 0.98Shree Cement Ltd. 0.94Ambuja Cements Ltd. 0.93Ultratech Cement Ltd. 0.92

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) 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: ̂ The above measures have been calculated by taking rolling returns for a 3 year period with 4.41% risk free rate of return (1 days - MIBOR Rate As on April 30, 2020). ** 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 April 30, 2020).# Weighted Average TER for the month, includes GST on management fees. * Since Benchmark of the Fund change from Nity 50 to Nifty 100 Equal Weight (w.e.f 10-May-2018), Tracking Error is Calculated as below – •Nifty50TRIisconsiderfrom(01-Sep-2016to09-May-2018)&•Nifty100EqualWeightTRIisconsiderfor(10-May-2018to30-April-2020)






AUM: 14.39


Regular Plan: July 27, 1999Direct Plan: January 1, 2013

Benchmark: Nifty 100 Equal Weight Index - TRI

`

Load StructureEntry Load: NILExit Load: Nil [w.e.f. March 01, 2019]

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

Ratios & Other Details (As on April 30, 2020)Standard Deviation^ (Annualised): 21.39%Beta^ : 1.00Sharpe Ratio^ (Annualised) : -0.24Portfolio Turnover Ratio**: 0.33Tracking Deviation*: 0.67%

Fund Manager DetailsName: Rajat Jain

Managing Since: August 2015Total Experience: 30 years




Finance 14.55% Consumer Non Durables 13.25% Pharmaceuticals 10.64% Banks 7.37% Auto 6.51% Software 5.97% Cement 4.63% Petroleum Products 4.40% Power 4.10% Non - Ferrous Metals 3.25%


Period Principal Nifty 100 Equal Weight Fund

Nifty 100 Equal Weight - TRI



Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-04-2019 to 30-04-2020) -19.19 8076.16 -17.88 8207.22 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) -3.12 9091.75 -3.63 8946.79 3.33 11034.185 Years (30-04-2015 to 30-04-2020) 0.78 10395.27 2.63 11385.77 5.16 12862.55Since Inception (27-07-1999 to 30-04-2020) 8.86 58379.10 NA NA 11.73 100125.88Different 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.

Name % of NAVGrasim Industries Ltd. 0.86Petroleum Products 4.40Reliance Industries Ltd. 1.32Hindustan Petroleum Corporation Ltd. 1.14Bharat Petroleum Corporation Ltd. 1.03Indian Oil Corporation Ltd. 0.91Power 4.10Adani Transmission Ltd. 1.21NHPC Ltd. 1.00NTPC Ltd. 0.96Power Grid Corporation of India Ltd. 0.93Non - Ferrous Metals 3.25Hindustan Zinc Ltd. 1.15Vedanta Ltd. 1.07Hindalco Industries Ltd. 1.03Transportation 2.84Adani Ports and Special Economic Zone Ltd. 0.96Container Corporation of India Ltd. 0.95Interglobe Aviation Ltd. 0.93Gas 2.23GAIL (India) Ltd. 1.14Petronet LNG Ltd. 1.09Auto Ancillaries 2.12Motherson Sumi Systems Ltd. 1.23Bosch Ltd. 0.89Minerals/Mining 2.06NMDC Ltd. 1.07Coal India Ltd. 0.99Telecom - Services 2.02Bharti Airtel Ltd. 1.06Vodafone Idea Ltd. 0.96Ferrous Metals 1.84Tata Steel Ltd. 0.99JSW Steel Ltd. 0.85Consumer Durables 1.79Havells India Ltd. 0.93Titan Company Ltd. 0.86Oil 1.22Oil & Natural Gas Corporation Ltd. 1.22Retailing 1.13Avenue Supermarts Ltd. 1.13Industrial Capital Goods 0.92Siemens Ltd. 0.92Chemicals 0.92Pidilite Industries Ltd. 0.92Textile Products 0.90Page Industries Ltd. 0.90Pesticides 0.90UPL Ltd. 0.90Construction 0.89DLF Ltd. 0.89Construction Project 0.84Larsen & Toubro Ltd. 0.84Media & Entertainment 0.80Zee Entertainment Enterprises Ltd. 0.80Telecom - Equipment & Accessories 0.75Bharti Infratel Ltd. 0.75Other Equities* 2.59 Total Equity 98.84 Treasury Bills 0.07 91 DAY T-BILL Sovereign 0.07 TREPS / Reverse Repo Investments 1.10 TREPS 1.10 Cash & Cash Equivalents -0.01Net Assets 100.00



19

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-Apr-20 0.1702 19.4300 NA NA17-Mar-20 0.1896 19.1700 NA NA17-Feb-20 0.2087 23.4700 NA NA17-Jan-20 0.2093 23.7700 NA NAPast 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.The scheme features of Principal Balanced Fund has changed w.e.f June 11, 2018


Period Principal Hybrid Equity Fund

CRISIL Hybrid 35+65 - Aggressive Index*



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

Returns Returns (%) $PTP Returns

1 Year (30-04-2019 to 30-04-2020) -12.43 8754.19 -4.15 9584.06 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) 1.58 10483.40 4.70 11480.39 3.33 11034.185 Years (30-04-2015 to 30-04-2020) 6.52 13718.67 7.02 14042.37 5.16 12862.55Since Inception (14-01-2000 to 30-04-2020) 9.89 67880.00 NA NA 10.83 80682.98Different 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.* The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200




Asset Under Managment (` Cr) MAAUM: 1,038.36

AUM: 1,085.61


Regular Plan: January 14, 2000Direct Plan: January 1, 2013

Benchmark: CRISIL Hybrid 35+65 - Aggressive Index

`Load StructureEntry Load: NILExit Load: 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% onredemption in excess of 24% of the limit stated above- Redemption of units would be done on First in First out Basis (FIFO) Nil thereafter

Plans Regular Plan & Direct Plan. Options Both the Plans offer Growth & Monthly Dividend Option. Monthly Dividend Option under both the Plan offers facility of Payout, Reinvestment and Sweep.

Month End Quants of the Debt Portfolio (As on April 30, 2020)Average Maturity: 2.67 yearsModified Duration: 2.18 yearsGross Yield to Maturity: 5.90%

Ratios & Other Details (As on April 30, 2020)Standard Deviation^ (Annualised): 14.67%Beta^ : 1.05Sharpe Ratio^ (Annualised) : -0.12 Portfolio Turnover Ratio** : 1.51 Equity : 0.33 Debt : 1.18


Fund Manager DetailsName: Ravi Gopalakrishnan (For Equity

Portion), Ashish Aggrawal (Associate Fund Manager) & Bekxy Kuriakose (For Debt Portion)Managing Since: July 2019, Oct 2019 & Mar 2016Total Experience: 25 years, 15 years & 20 years


Regular Plan - 2.24 %

`


Investment Objective: The Investment objective of the Scheme is to provide long-term appreciation and current income by investing in a portfolio of equity, equity related securities and fixed income securities.


Banks 16.63% Finance 8.42% Consumer Non Durables 8.19% Software 7.80% Petroleum Products 7.35% Pharmaceuticals 3.07% Telecom - Services 2.60% Auto Ancillaries 2.29% Consumer Durables 2.02% Auto 1.93%

Market Cap Allocation (As on April 30, 2020) (% of NAV)Equity & Equity Related Instruments of Large Cap Co. 59.29Equity & Equity Related Instruments of Mid Cap Co. 10.29Equity & Equity Related Instruments of Small Cap Co. 2.17Others 0.58Debt 21.68Cash & Other Assets 5.99

Name Rating % of NAV

Banks 16.38HDFC Bank Ltd. 6.36ICICI Bank Ltd. 4.89Kotak Mahindra Bank Ltd. 2.43Axis Bank Ltd. 1.49State Bank of India 1.21Consumer Non Durables 7.56Hindustan Unilever Ltd. 3.43Dabur India Ltd. 1.80ITC Ltd. 1.45Asian Paints Ltd. 0.88Software 7.27Infosys Ltd. 4.28Tata Consultancy Services Ltd. 2.04HCL Technologies Ltd. 0.95Finance 7.22Housing Development Finance Corporation Ltd. 2.91

Max Financial Services Ltd. 1.50SBI Life Insurance Company Ltd. 1.11Bajaj Finance Ltd. 0.92Bajaj Finserv Ltd. 0.78Petroleum Products 6.74Reliance Industries Ltd. 6.74Pharmaceuticals 3.07Divi's Laboratories Ltd. 1.28Sun Pharmaceutical Industries Ltd. 0.98Alkem Laboratories Ltd. 0.81Telecom - Services 2.60Bharti Airtel Ltd. 2.60Auto 1.93Maruti Suzuki India Ltd. 1.13Hero MotoCorp Ltd. 0.80Power 1.58NTPC Ltd. 0.83Power Grid Corporation of India Ltd. 0.75Cement 1.43Ultratech Cement Ltd. 1.43Construction Project 1.34Larsen & Toubro Ltd. 1.34Retailing 1.30Avenue Supermarts Ltd. 1.30


Auto Ancillaries 1.03MRF Ltd. 1.03Industrial Products 0.86Astral Poly Technik Ltd. 0.86Consumer Durables 0.85Dixon Technologies (India) Ltd. 0.85Other Equities* 11.17 Total Equity 72.33 BONDS & NCD 10.90 Housing Development Finance Corporation Ltd CRISIL AAA 2.65

Reliance Industries Ltd CRISIL AAA 1.92 Hindalco Industries Ltd CRISIL AA 1.26 The Ramco Cements Ltd [ICRA]AA+ 1.18 Bajaj Finance Ltd CRISIL AAA 0.92 Power Finance Corporation Ltd CRISIL AAA 0.65 REC Ltd CRISIL AAA 0.64 ICICI Bank Ltd [ICRA]AAA 0.47 Ultratech Cement Ltd CRISIL AAA 0.46 National Bank for Agriculture and Rural Development CRISIL AAA 0.39

LIC Housing Finance Ltd CRISIL AAA 0.36 Sovereign 7.38 6.97% Government of India Sovereign 3.00 7.27% Government of India Sovereign 2.22 6.84% Government of India Sovereign 0.73 7.17% Government of India Sovereign 0.68 7.32% Government of India Sovereign 0.40 7.72% Government of India Sovereign 0.35 State Government Securities 0.50 8.90% State Government of Maharashtra Sovereign 0.50

Commercial Paper 2.38 Astec Lifesciences Ltd [ICRA]A1+ 1.10 NTPC Ltd CRISIL A1+ 0.73 Reliance Jio Infocomm Ltd CRISIL A1+ 0.55 Certificate of Deposits 0.18 AU Small Finance Bank Ltd CRISIL A1+ 0.18 Treasury Bills 0.34 91 DAY T-BILL Sovereign 0.34 TREPS / Reverse Repo Investments 4.46

TREPS 4.46 Cash & Cash Equivalents 1.53 Net Assets 100.00Top 10 Equity Holdings* Holding less than 0.75%

20

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 funds into equity; and in debt /money market instruments for defensive purposes. The Scheme will decide on allocation of funds into equity assets based on equity market Price Earnings Ratio (PE Ratio) levels. When the markets become expensive in terms of ‘Price to Earnings’ Ratio; the Scheme will reduce its allocation to equities and move assets into cash future arbitrage/ equity derivatives, debt and/or money market instruments and vice versa.

Portfolio

Name Rating / Industry

% to Net Assets

% to Net Assets

Deriva-tives

Banks 14.59HDFC Bank Ltd. 5.24ICICI Bank Ltd. 4.33Kotak Mahindra Bank Ltd. 1.76State Bank of India 1.27Axis Bank Ltd. 1.06City Union Bank Ltd. 0.93Software 6.13Infosys Ltd. 3.27Tata Consultancy Services Ltd. 2.86Petroleum Products 5.99Reliance Industries Ltd. 5.18Hindustan Petroleum Corporation Ltd. 0.81Finance 5.17 -0.62Housing Development Finance Corporation Ltd. 1.97

Max Financial Services Ltd. 1.46Bajaj Finance Ltd. 1.11Mahindra & Mahindra Financial Services Ltd. 0.63 -0.62

Consumer Non Durables 4.89Hindustan Unilever Ltd. 2.29Dabur India Ltd. 1.70ITC Ltd. 0.90Consumer Durables 3.42Relaxo Footwears Ltd. 0.95Orient Electric Ltd. 0.92Dixon Technologies (India) Ltd. 0.78Voltas Ltd. 0.77Power 3.37 -3.39Adani Power Ltd. 3.37 -3.39Pharmaceuticals 3.22Divi's Laboratories Ltd. 1.73Abbott India Ltd. 1.49Industrial Products 2.49Astral Poly Technik Ltd. 0.90SRF Ltd. 0.82Timken India Ltd. 0.77Telecom - Services 2.33Bharti Airtel Ltd. 2.33Auto 1.47Maruti Suzuki India Ltd. 1.47Construction Project 1.45Larsen & Toubro Ltd. 1.45


Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV17-Apr-20 0.0747 12.4400 0.0844 14.060017-Mar-20 0.0783 12.3200 0.0883 13.900017-Feb-20 0.0811 13.3000 0.0914 14.980017-Jan-20 0.0816 13.4100 0.0918 15.0900Past 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.The scheme features of Principal SMART Equity Fund has changed w.e.f June 4, 2018







AUM: 144.45


Regular Plan: December 16, 2010Direct Plan: January 1, 2013

Benchmark: 50% Nifty 100 - TRI + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index

`Load StructureEntry Load: NILExit Load: 0.25% for redemptions within 7 days from the date of allotment. [w.e.f. March 01, 2019]

Plans Regular Plan & Direct Plan. Options Both the Plans offer Growth & Monthly Dividend Option. Monthly Dividend Option under both the Plans offers facility of Payout, Reinvestment and Sweep.

Ratios & Other Details (As on April 30, 2020)Standard Deviation^ (Annualised): 6.98%Beta^ : 0.64Sharpe Ratio^ (Annualised) : -0.23 Portfolio Turnover Ratio** : 6.21 Equity : 0.88 Debt : 0.64 Derivatives : 4.69

Fund Manager DetailsName: Ravi Gopalakrishnan (for Equity

Portion) & Bekxy Kuriakose (For Debt Portion)Managing Since: July 2019 & January 2018




Industry Allocation of Equity Instruments (Top 10) (As on April 30, 2020) (% of NAV)

Banks 14.59% Finance 7.29% Software 6.13% Petroleum Products 5.99% Consumer Non Durables 4.89% Consumer Durables 4.15% Pharmaceuticals 3.82% Power 3.37% Industrial Products 2.49% Cement 2.47%


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 (30-04-2019 to 30-04-2020) -2.83 9716.62 -2.62 9737.73 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) 2.56 10789.33 5.30 11682.28 3.33 11034.185 Years (30-04-2015 to 30-04-2020) 4.33 12365.53 6.81 13906.98 5.16 12862.55Since Inception (16-12-2010 to 30-04-2020) 7.80 20230.00 8.03 20634.80 6.85 18608.21Different 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.

Fund Details


% to Net Assets

% to Net Assets

Deriva-tives

Retailing 1.08Avenue Supermarts Ltd. 1.08Fertilisers 1.02Coromandel International Ltd. 1.02Transportation 0.88TCI Express Ltd. 0.88Cement 0.86Ultratech Cement Ltd. 0.86Services 0.80Indian Railway Catering & Tourism Corporation Ltd. 0.80

Auto Ancillaries 0.79 -0.79Exide Industries Ltd. 0.79 -0.79Other Equities* 10.68 Total Equity 70.63 -4.80BONDS & NCD 8.72 Housing Development Finance Corporation Ltd CRISIL AAA 2.77

Power Finance Corporation Ltd CRISIL AAA 2.09

Bajaj Finance Ltd CRISIL AAA 1.74 Power Grid Corporation of India Ltd CRISIL AAA 1.41

Indian Railway Finance Corporation Ltd CRISIL AAA 0.71

Sovereign 5.19 7.32% Government of India Sovereign 3.72 7.27% Government of India Sovereign 0.74 6.97% Government of India Sovereign 0.73 State Government Securities 1.77

6.10% State Government of Karnataka Sovereign 1.77

Commercial Paper 1.38 Reliance Jio Infocomm Ltd. CRISIL A1+ 1.38 Certificate of Deposits 3.42 Export-Import Bank of India CRISIL A1+ 2.06 Bank of Baroda [ICRA]A1+ 0.69 Axis Bank Ltd. CRISIL A1+ 0.67 Treasury Bills 0.43 91 DAY T-BILL Sovereign 0.43 TREPS / Reverse Repo Investments / Term Deposits Placed as Margins

6.34

Cash & Cash Equivalents 2.12 Net Assets 100.00

NET EQUITY : 65.83



21

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



Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAVQuarterly Dividend (Last 3 Quarters)17-Dec-19 0.1746 12.7363 0.0535 15.847317-Sep-19 NA NA 0.1549 15.409417-Jun-19 0.3456 12.7982 N.A. N.A.Half Yearly Dividend17-Dec-19 0.1600 12.0846 0.2300 11.970717-Jun-19 0.5100 12.3253 0.6700 12.301015-Jun-18 0.1400 12.0293 0.2100 11.9094Past 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.





AUM: 36.07


Regular Plan: May 23, 2002Direct Plan: January 1, 2013

Benchmark: Nifty Equity Savings Index

`

Load StructureEntry Load: NILExit Load: Nil (w.e.f August 02, 2017)

Plans Regular Plan & Direct Plan. Options Both the Plans offer Growth & Half yearly and Quarterly Dividend Option.

Month End Quants of the Debt Portfolio (As on April 30, 2020)Average Maturity: 139 DaysModified Duration: 120 DaysGross Yield to Maturity: 5.07%Portfolio Turnover Ratio** : 5.80 Equity : 0.58 Debt : 0.13 Derivatives : 5.09

Note: ** 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 April 30, 2020).# Weighted Average TER for the month, includes GST on management fees.

Fund Manager DetailsName: Sudhir Kedia (For Equity Portion) & Gurvinder Singh Wasan (For Debt Portion)

Managing Since: October 2019 & May 2019 Total Experience: 13 years & 16 years




Investment Objective: To provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments.However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated and the scheme does not assure or guarantee any returns.


Finance 13.18% Banks 11.67%

Consumer Non Durables 11.01%

Auto 8.67% Software 6.96% Auto Ancillaries 5.85% Petroleum Products 5.75% Pharmaceuticals 1.49% Construction Project 1.34% Telecom - Services 0.88%


Period Principal Equity Savings Fund

Nifty Equity Savings Index


CRISIL 10 Year Gilt Index(Additional Benchmark)



1 Year (30-04-2019 to 30-04-2020) -1.71 9828.06 0.49 10048.69 15.17 11521.473 Years (28-04-2017 to 30-04-2020) 2.65 10817.19 6.04 11928.80 7.52 12438.265 Years (30-04-2015 to 30-04-2020) 4.64 12550.73 6.71 13843.06 8.22 14851.00Since Inception (23-05-2002 to 30-04-2020) 7.28 35284.50 NA NA 7.04 33895.97Different 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.


% of NAV

% to Net Assets

Deriva-tives

Finance 11.76 -7.27Housing Development Finance Corporation Ltd. 8.78 -6.10

Max Financial Services Ltd. 1.80Mahindra & Mahindra Financial Services Ltd. 1.18 -1.17

Banks 11.67 -0.32HDFC Bank Ltd. 4.49ICICI Bank Ltd. 3.46

Kotak Mahindra Bank Ltd. 1.81

State Bank of India 1.15 -0.32

Axis Bank Ltd. 0.76

Consumer Non Durables 10.49 -7.50ITC Ltd. 6.58 -5.48


Nestle India Ltd. 0.99 -0.99

Britannia Industries Ltd. 0.98 -0.52

Dabur India Ltd. 0.78 -0.51

Auto 8.16 -7.36Maruti Suzuki India Ltd. 5.27 -4.46Tata Motors Ltd. 2.89 -2.90

Software 6.96 -2.62Infosys Ltd. 5.01 -2.62Tata Consultancy Services Ltd. 1.95

Auto Ancillaries 5.85 -1.90WABCO India Ltd. 3.95

Exide Industries Ltd. 1.90 -1.90


% of NAV

% to Net Assets

Deriva-tives








Power 0.88

NTPC Ltd. 0.88




Total Equity 72.26 -26.97

BONDS & NCD 5.10

Ultratech Cement Ltd CRISIL AAA 2.79 Indian Railway Finance Corporation Ltd CRISIL AAA 1.48

Bajaj Finance Ltd CRISIL AAA 0.83

Treasury Bills 0.11

91 DAY T-BILL Sovereign 0.11 TREPS / Reverse Repo Investments / Term Deposits Placed as Margins

24.60


Net Assets 100.00


NET EQUITY : 45.29 Top 10 Equity Holdings* Holding less than 0.75%

22

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 markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.There is no assurance or guarantee that the investment objective of the Scheme will be realized.


Dividend Update


17-Apr-20 0.0561 10.1914 0.0567 10.308317-Mar-20 0.0562 10.2602 0.0568 10.373417-Sep-19 0.0586 10.1014 0.0591 10.1911Past 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.

Note: ** 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.# Weighted Average TER for the month, includes GST on management fees. *Effective February 01, 2017.






AUM: 5.53


Regular Plan: April 21, 2016Direct Plan: April 21, 2016

Benchmark: Nifty 50 Arbitrage Index

`

Load StructureEntry Load: NILExit Load: 0.50% - If redeemed on or before 30 days from the date of allotment. NIL - If redeemed after 30 days from the date of allotment.

Plans Regular Plan & Direct Plan. Options Both the Plans offer Monthly* Dividend & Growth Option. Monthly* Dividend Option under both the Plan offers facility of Payout, Reinvestment and Sweep.

Other Details (As on April 30, 2020)Portfolio Turnover Ratio** : 9.43 Equity : 1.18 Debt : 0.01 Derivatives : 8.25


Managing Since: April 2016Total Experience: 30 years



Industry Allocation (As on April 30, 2020) (% of NAV)

Auto 11.72% Pharmaceuticals 9.09% Finance 8.54% Banks 8.24% Minerals/Mining 5.98% Media & Entertainment 4.55% Power 3.91% Construction Project 3.77% Ferrous Metals 3.10% Cement 2.12%


Period Principal Arbitrage Fund

Nifty 50 Arbitrage Index(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%) $PTP Returns

Returns (%)

$PTP Returns

1 Year (30-04-2019 to 30-04-2020) 3.70 10371.11 5.60 10562.02 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) 2.67 10826.38 5.29 11676.42 3.33 11034.18Since Inception (21-04-2016 to 30-04-2020) 3.39 11438.40 5.38 12350.17 7.04 13151.36Different 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.5 years performance of Principal Arbitrage Fund is not given as the scheme have not been in existence for 5 years.


% of NAV

% to Net Assets

DerivativesAuto 11.72 -11.76Tata Motors Ltd. 9.72 -9.76Maruti Suzuki India Ltd. 2.00 -2.00Pharmaceuticals 9.09 -9.11Aurobindo Pharma Ltd. 5.84 -5.85Sun Pharmaceutical Industries Ltd. 3.25 -3.26Finance 8.54 -8.53Housing Development Finance Corporation Ltd. 8.04 -8.04Mahindra & Mahindra Financial Services Ltd. 0.50 -0.49Banks 8.24 -8.26State Bank of India 4.26 -4.27Axis Bank Ltd. 3.98 -3.99Minerals/Mining 5.98 -5.99Coal India Ltd. 5.98 -5.99Media & Entertainment 4.55 -4.56Zee Entertainment Enterprises Ltd. 4.55 -4.56Power 3.91 -3.87CESC Ltd. 3.91 -3.87Construction Project 3.77 -3.76Larsen & Toubro Ltd. 3.77 -3.76Ferrous Metals 3.10 -3.09JSW Steel Ltd. 3.10 -3.09Cement 2.12 -2.13Grasim Industries Ltd. 2.12 -2.13Telecom - Services 1.78 -1.78Bharti Airtel Ltd. 1.78 -1.78Paper 0.65 -0.66Century Textiles & Industries Ltd. 0.65 -0.66Total Equity 63.45 -63.50Treasury Bills 0.19 91 DAY T-BILL Sovereign 0.19 TREPS / Reverse Repo Investments 2.89 TREPS 2.89 Cash & Cash Equivalents 33.47 Net Assets 100.00

^The aggregate investments by other schemes of Principal Mutual Fund As on April 30, 2020: 0.26 Crore

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)17-Apr-20 3.7428 1026.4672 3.8201 1026.561317-Mar-20 4.1886 1026.9130 4.2504 1026.991617-Feb-20 3.9133 1026.6377 4.5898 1027.3310Past 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 (30-04-2019 to 30-04-2020) 5.46 10547.23 6.25 10626.97 8.37 10839.683 Years (28-04-2017 to 30-04-2020) 3.41 11062.89 6.91 12225.41 7.27 12351.295 Years (30-04-2015 to 30-04-2020) 5.10 12828.46 7.15 14129.82 7.29 14219.61Since Inception (30-08-2004 to 30-04-2020) 6.81 28083.00 7.11 29340.98 6.30 26072.52Different 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.


Rating Profile (As on April 30, 2020) (% of NAV)

Note: # Weighted Average TER for the month, includes GST on management fees.

* with effect from October 20, 2019.

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: 161.85

AUM: 186.91


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

Benchmark: CRISIL Liquid Fund Index

`

Load StructureEntry Load: NILExit Load*

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 April 30, 2020)Average Maturity: 18 DaysModified Duration: 17 DaysGross Yield to Maturity: 4.00%

Fund Manager DetailsName: Ms. Bekxy KuriakoseManaging Since: May 2019Total Experience: 20 years




Composition By Assets (As on April 30, 2020) (% of NAV)

Commercial Paper 30.95% Certificate of Deposits 20.24% Treasury Bills 6.03% Cash and Other Assets 42.78%


Commercial Paper 30.95 NTPC Ltd CRISIL A1+ 6.41 Reliance Jio Infocomm Ltd CRISIL A1+ 5.35 Housing Development Finance Corporation Ltd CRISIL A1+ 5.33 Indian Oil Corporation Ltd CRISIL A1+ 5.33 Reliance Industries Ltd CRISIL A1+ 4.80 Astec Lifesciences Ltd [ICRA]A1+ 3.73 Certificate of Deposits 20.24 Export-Import Bank of India CRISIL A1+ 6.38 Small Industries Development Bank of India CRISIL A1+ 5.32 National Bank for Agriculture and Rural Development CRISIL A1+ 4.81 Bank of Baroda [ICRA]A1+ 3.73 Treasury Bills 6.03 182 DAY T-BILL Sovereign 5.34 91 DAY T-BILL Sovereign 0.69 TREPS / Reverse Repo Investments 42.56 TREPS 42.56 Cash & Cash Equivalents 0.22 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.)

(An open ended liquid scheme)Credit

Risk Rating [ICRA] A1+mfs++

Investor exit upon subscription

Exit load as a % of redemption proceeds

Day 1 0.0070%Day 2 0.0065%Day 3 0.0060%Day 4 0.0055%Day 5 0.0050%Day 6 0.0045%

Day 7 onwards 0.0000%

24

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



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.



BONDS & NCD 40.27% Certificate of Deposits 24.84% Commercial Paper 21.03% Treasury Bills 0.38% Cash and Other Assets 13.48%

PortfolioData As on April 30, 2020


BONDS & NCD 40.27 National Housing Bank IND AAA 6.03 Housing Development Finance Corporation Ltd CRISIL AAA 5.06 Power Finance Corporation Ltd CRISIL AAA 5.02 Sundaram Finance Ltd CRISIL AAA 5.02 Indian Railway Finance Corporation Ltd CRISIL AAA 4.09 REC Ltd CRISIL AAA 4.05 Bajaj Finance Ltd CRISIL AAA 3.22 Reliance Industries Ltd CRISIL AAA 2.72 Power Grid Corporation of India Ltd CRISIL AAA 2.56 LIC Housing Finance Ltd CRISIL AAA 2.50 Commercial Paper 21.03 Reliance Jio Infocomm Ltd CRISIL A1+ 5.02 NTPC Ltd CRISIL A1+ 5.01 Astec Lifesciences Ltd [ICRA]A1+ 5.00 Indian Oil Corporation Ltd CRISIL A1+ 5.00 Reliance Industries Ltd CRISIL A1+ 1.00 Certificate of Deposits 24.84 Small Industries Development Bank of India CRISIL A1+ 5.01 Bank of Baroda [ICRA]A1+ 5.00 Export-Import Bank of India CRISIL A1+ 4.99 ICICI Bank Ltd [ICRA]A1+ 4.86 AU Small Finance Bank Ltd CRISIL A1+ 3.00 National Bank for Agriculture and Rural Development CRISIL A1+ 1.00 Axis Bank Ltd CRISIL A1+ 0.98 Treasury Bills 0.38 91 DAY T-BILL Sovereign 0.38 TREPS / Reverse Repo Investments 12.01 TREPS 12.01 Cash & Cash Equivalents 1.47 Net Assets 100.00


Period Principal Ultra Short Term Fund

Nifty Ultra Short Duration Debt Index




(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP

Returns1 Year (30-04-2019 to 30-04-2020) 5.71 10573.01 7.31 10732.99 8.37 10839.683 Years (28-04-2017 to 30-04-2020) 4.36 11370.51 7.54 12444.10 7.27 12351.295 Years (30-04-2015 to 30-04-2020) 5.80 13263.64 7.70 14498.28 7.29 14219.61Since Inception (28-12-2007 to 30-04-2020) 6.24 21106.90 8.45 27241.39 6.68 22214.21Different 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.

Fund Details



AUM: 99.76


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

Benchmark: Nifty Ultra Short Duration Debt 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 April 30, 2020)Average Maturity: 105 DaysModified Duration: 96 DaysGross Yield to Maturity: 4.96%Macaulay Duration: 101 Days



Expense Ratio# (As on April 30, 2020)Direct Plan - 0.20%

Regular Plan - 1.05%`


25

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





Fund Details



AUM: 99.57 `

Load StructureEntry Load: NILExit Load: NIL (w.e.f December 26, 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 April 30, 2020)Average Maturity: 224 DaysModified Duration: 203 DaysGross Yield to Maturity: 5.32%Macaulay Duration: 200 Days





BONDS & NCD 59.97% Certificate of Deposits 19.71% Sovereign 8.50% Commercial Paper 2.01% Treasury Bills 1.10% Cash and Other Assets 8.71%

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 (30-04-2019 to 30-04-2020) -15.59 8437.35 8.03 10804.92 8.37 10839.683 Years (28-04-2017 to 30-04-2020) -1.44 9573.13 7.62 12472.83 7.27 12351.295 Years (30-04-2015 to 30-04-2020) 2.33 11221.94 8.04 14727.25 7.29 14219.61Since Inception (14-09-2004 to 30-04-2020) 5.99 24848.38 7.56 31240.18 6.32 26051.12Different 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 59.97 Bajaj Finance Ltd CRISIL AAA 9.08

National Housing Bank IND AAA 9.06

LIC Housing Finance Ltd CRISIL AAA 8.53

Power Grid Corporation of India Ltd CRISIL AAA 6.12

National Bank for Agriculture and Rural Development CRISIL AAA 5.06

Reliance Industries Ltd CRISIL AAA 5.04

Power Finance Corporation Ltd CRISIL AAA 5.03

Sundaram Finance Ltd CRISIL AAA 5.03

REC Ltd CRISIL AAA 5.02

The Ramco Cements Ltd [ICRA]AA+ 2.00

Sovereign 8.50 6.84% Government of India Sovereign 8.50

Commercial Paper 2.01 Reliance Jio Infocomm Ltd. CRISIL A1+ 2.01

Certificate of Deposits 19.71 Axis Bank Ltd CRISIL A1+ 7.83

AU Small Finance Bank Ltd CRISIL A1+ 5.01

ICICI Bank Ltd [ICRA]A1+ 4.87

Bank of Baroda [ICRA]A1+ 2.00

Treasury Bills 1.10 364 DAY T-BILL Sovereign 0.98


TREPS / Reverse Repo Investments 6.38 TREPS 6.38


26

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.




Fund Details



AUM: 108.60 `

Load StructureEntry Load: NILExit Load: NIL (w.e.f December 26, 2019)

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



Benchmark: CRISIL Short-Term Bond Fund Index

Fund Manager DetailsName: Gurvinder Singh Wasan

Managing Since: April 2011Total Experience: 16 years

Month End Quants of the Debt Portfolio (As on April 30, 2020)Average Maturity: 3.13 yearsModified Duration: 2.58 yearsGross Yield to Maturity: 6.17%Macaulay Duration: 2.55 years





BONDS & NCD 60.03% Sovereign 27.13% Certificate of Deposits 3.67% Cash and Other Assets 9.17%

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 (30-04-2019 to 30-04-2020) -6.91 9307.56 10.00 11002.59 15.17 11521.473 Years (28-04-2017 to 30-04-2020) 1.63 10497.28 7.84 12549.72 7.52 12438.265 Years (30-04-2015 to 30-04-2020) 4.27 12328.17 8.18 14819.48 8.22 14851.00Since Inception (09-05-2003 to 30-04-2020) 6.74 30296.10 7.34 33311.95 6.28 28164.39Different 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 60.03 Ultratech Cement Ltd CRISIL AAA 8.35 Reliance Industries Ltd CRISIL AAA 6.87 Export-Import Bank of India CRISIL AAA 4.92 ICICI Bank Ltd [ICRA]AAA 4.73 National Housing Bank CRISIL AAA 4.73 NTPC Ltd CRISIL AAA 4.71 Power Finance Corporation Ltd CRISIL AAA 4.69 LIC Housing Finance Ltd CRISIL AAA 4.58 The Ramco Cements Ltd [ICRA]AA+ 4.57 Housing Development Finance Corporation Ltd CRISIL AAA 4.55 Indian Railway Finance Corporation Ltd CRISIL AAA 4.41 National Bank for Agriculture and Rural Development CRISIL AAA 2.92 Sovereign 27.13 7.27% Government of India Sovereign 14.82 7.72% Government of India Sovereign 4.99 7.32% Government of India Sovereign 4.94 6.84% Government of India Sovereign 2.38 Certificate of Deposits 3.67 AU Small Finance Bank Ltd. CRISIL A1+ 3.67 TREPS / Reverse Repo Investments 6.50 TREPS 6.50 Cash & Cash Equivalents 2.67 Net Assets 100.00

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.



Fund Details



AUM: 28.94 `

Load StructureEntry Load: NILExit Load: 1% if redeemed on or before 1 year from the date of allotment.(w.e.f December 26, 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: 16 years

Month End Quants of the Debt Portfolio (As on April 30, 2020)Average Maturity: 164 DaysModified Duration: 140 DaysGross Yield to Maturity: 4.27%





BONDS & NCD 17.75% Certificate of Deposits 3.44% Commercial Paper 3.44% Treasury Bills 0.48% Cash and Other Assets 74.89%


BONDS & NCD 17.75 National Bank for Agriculture and Rural Development CRISIL AAA 7.31

Hindalco Industries Ltd CRISIL AA 5.28

Reliance Industries Ltd CRISIL AAA 5.16

Commercial Paper 3.44 Astec Lifesciences Ltd. [ICRA]A1+ 3.44

Certificate of Deposits 3.44 AU Small Finance Bank Ltd. CRISIL A1+ 3.44

Treasury Bills 0.48 91 DAY T-BILL Sovereign 0.48

TREPS / Reverse Repo Investments 74.12 TREPS 74.12



Period Principal Credit Risk Fund

NIFTY Credit Risk Bond Index




(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP


28

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.



Fund Details



AUM: 27.87 `

Load StructureEntry Load: NILExit Load: 1% if redeemed on or before 1 year from the date of allotment.(w.e.f December 26, 2019)

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



Benchmark: CRISIL Composite Bond Fund Index


Fund Manager DetailsName: Ms. Bekxy Kuriakose

Managing Since: January 2013Total Experience: 20 years

Month End Quants of the Debt Portfolio (As on April 30, 2020)Average Maturity: 5.24 yearsModified Duration: 4.20 yearsGross Yield to Maturity: 5.83%





Sovereign 85.83% BONDS & NCD 11.05% Cash and Other Assets 3.12%


BONDS & NCD 11.05

Housing Development Finance Corporation Ltd. CRISIL AAA 7.25

National Bank for Agriculture and Rural Development CRISIL AAA 3.80

Sovereign 85.83

6.97% Government of India Sovereign 30.23







TREPS 2.33

Cash & Cash Equivalents 0.79

Net Assets 100.00

Maturity ProfilePeriod Portfolio (%)1-3 20.543-5 3.865-10 72.48Cash & Others Assets 3.12


Period Principal Dynamic Bond Fund

CRISIL Composite Bond Fund Index


CRISIL 10 Year Gilt Index


(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP


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

Banks 20.69Banks 20.69HDFC Bank Ltd. 7.68ICICI Bank Ltd. 5.96Kotak Mahindra Bank Ltd. 2.49


Axis Bank Ltd. 1.44

City Union Bank Ltd. 1.32

Consumer Non Durables 10.45Hindustan Unilever Ltd. 6.82


ITC Ltd. 1.22







SBI Life Insurance Company Ltd. 0.88

Can Fin Homes Ltd. 0.83


Orient Electric Ltd. 1.31

Relaxo Footwears Ltd. 1.24

Dixon Technologies (India) Ltd. 1.18

Voltas Ltd. 1.09


Pharmaceuticals 4.57Divi's Laboratories Ltd. 2.46




SRF Ltd. 1.15

Timken India Ltd. 0.89



Period Principal Retirement Savings Fund -

Progressive Plan

Nifty 200 FullMarketcap Index - TRI





1 Year (30-04-2019 to 30-04-2020) -15.53 8443.14 -15.36 8459.63 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) -1.84 9455.63 1.36 10415.99 3.33 11034.18Since Inception (14-12-2015 to 30-04-2020) 3.41 11583.90 6.76 13320.07 7.34 13637.01Different 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.


Banks 20.69Cement 3.19


JK Cement Ltd. 0.92


Retailing 2.36


Aditya Birla Fashion and Retail Ltd. 0.87

Auto 2.08





MRF Ltd. 0.94

Balkrishna Industries Ltd. 0.77

Fertilisers 1.44


Services 0.99Indian Railway Catering & Tourism Corporation Ltd. 0.99

Pesticides 0.98


Engineering Services 0.96

Rites Ltd. 0.96

Transportation 0.90

TCI Express Ltd. 0.90

Construction 0.83


Non - Ferrous Metals 0.78

Vedanta Ltd. 0.78


Total Equity 95.26

Treasury Bills 0.51



TREPS 4.18


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: 1.93


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 4.41% risk free rate of return (1 days - MIBOR Rate As on April 30, 2020). # 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. Weighted Average TER for the month, includes GST on management fees.

Expense Ratio# (As on April 30, 2020)Direct Plan - 1.18%Regular Plan - 2.25%

`


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


Banks 20.69% Consumer Non Durables 10.45% Finance 9.04% Software 8.72% Petroleum Products 8.58% Consumer Durables 5.85% Pharmaceuticals 5.08% Cement 3.75% Industrial Products 3.25% Telecom - Services 3.21%

$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 April 30, 2020)Standard Deviation^ (Annualised): 17.48%Beta^ : 0.82Sharpe Ratio^ (Annualised) : -0.27


30

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 14.34 -4.23Bank of Baroda 4.21 -4.23HDFC Bank Ltd. 3.89ICICI Bank Ltd. 3.22

Kotak Mahindra Bank Ltd. 1.31


Axis Bank Ltd. 0.77

Consumer Non Durables 10.51 -6.82ITC Ltd. 7.58 -6.82



Auto 7.45 -6.38Tata Motors Ltd. 6.35 -6.38



Media & Entertainment 4.29 -4.31Zee Entertainment Enterprises Ltd. 4.29 -4.31




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










MRF Ltd. 0.96

Retailing 0.79


Fertilisers 0.75



Total Equity 71.02 -21.74

Treasury Bills 1.58



TREPS 15.52


Net Assets 100.00

Fund Details



RWP- ` 500$

6 installments each


AUM: 0.63 `




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)


`





Banks 15.03% Consumer Non Durables 10.51% Auto 7.45% Finance 4.94% Software 4.58% Media & Entertainment 4.29% Petroleum Products 4.29% Consumer Durables 3.09% Pharmaceuticals 2.86% Cement 2.02%


Period Principal Retirement Savings Fund - Moderate

Plan

CRISIL Hybrid 35 + 65 - Aggressive Index*


Nifty 50 TRI(Additional Benchmark)



1 Year (30-04-2019 to 30-04-2020) -5.27 9471.84 -4.15 9584.06 -14.88 8508.163 Years (28-04-2017 to 30-04-2020) 1.43 10435.65 4.70 11480.39 3.33 11034.18Since Inception (14-12-2015 to 30-04-2020) 4.37 12058.50 8.28 14168.45 7.34 13637.01Different 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.




31

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

Pharmaceuticals 14.88 -13.36Dr. Reddy's Laboratories Ltd. 8.38 -8.40Sun Pharmaceutical Industries Ltd. 4.94 -4.96Divi's Laboratories Ltd. 0.81Abbott India Ltd. 0.75Consumer Non Durables 11.65 -9.27Hindustan Unilever Ltd. 6.67 -5.61ITC Ltd. 4.15 -3.66Dabur India Ltd. 0.83Banks 10.57 -4.55Axis Bank Ltd. 5.05 -4.55HDFC Bank Ltd. 2.56ICICI Bank Ltd. 2.11Kotak Mahindra Bank Ltd. 0.85Construction 4.12 -4.12DLF Ltd. 4.12 -4.12Ferrous Metals 3.54 -3.52JSW Steel Ltd. 3.54 -3.52Minerals/Mining 3.41 -3.42Coal India Ltd. 3.41 -3.42Software 2.99Infosys Ltd. 1.60Tata Consultancy Services Ltd. 1.39Petroleum Products 2.43Reliance Industries Ltd. 2.43Media & Entertainment 2.31 -2.31Zee Entertainment Enterprises Ltd. 2.31 -2.31Telecom - Services 1.13Bharti Airtel Ltd. 1.13Finance 0.95Housing Development Finance Corporation Ltd. 0.95Other Equities* 14.67 Total Equity 72.65 -40.55Treasury Bills 0.85 91 DAY T-BILL Sovereign 0.85 TREPS / Reverse Repo Investments 6.64 TREPS 6.64 Cash & Cash Equivalents 19.86 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: 1.17 `




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)


`





Pharmaceuticals 15.17% Consumer Non Durables 11.65% Banks 11.64% Construction 4.40% Ferrous Metals 3.76% Minerals/Mining 3.41% Finance 3.28% Software 2.99% Petroleum Products 2.82% Media & Entertainment 2.31%


Period Principal Retirement Savings Fund -

Conservative Plan

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


CRISIL 10 YearGilt Index

(Additional Benchmark)



1 Year (30-04-2019 to 30-04-2020) -2.42 9757.34 0.35 10035.21 15.17 11521.473 Years (28-04-2017 to 30-04-2020) 2.14 10656.82 6.25 11999.05 7.52 12438.26Since Inception (14-12-2015 to 30-04-2020) 4.46 12107.00 7.49 13721.79 8.48 14281.69Different 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.




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 April 30, 2020

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: 15.13



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.


`



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. Weighted Average TER for the month, includes GST on management fees.

Name Industry % of NAVMutual Fund Units / Exchange Traded Funds 93.56 PGIF Origin Global Smaller Companies Fund - Usd I Class Accumulation Mutual Fund 93.56 Treasury Bills 0.07 91 DAY T-BILL Sovereign 0.07 TREPS / Reverse Repo Investments 8.29 TREPS 8.29 Cash & Cash Equivalents -1.92Net Assets 100.00

Name % of NAV

Inphi Corporation 1.36Amedisys, Inc. 1.36LHC Group, Inc. 1.29Toromont Industries Ltd. 1.24Bechtle AG 1.14Houlihan Lokey, Inc. Class A 1.11Elecom Co., Ltd. 1.08Stillfront Group AB 1.03Deckers Outdoor Corporation 1.02Generac Holdings Inc. 0.99Medpace Holdings, Inc. 0.97American Equity Investment Life Holding Company 0.96Diploma PLC 0.96Computacenter Plc 0.95Haseko Corporation 0.94Hub Group, Inc. Class A 0.92Realtek Semiconductor Corp 0.91King's Town Bank 0.91Novatek Microelectronics Corp. 0.91Cirrus Logic, Inc. 0.91Universal Forest Products, Inc. 0.90Future plc 0.90Chaun-Choung Technology Corp. 0.90SLM Corp 0.89Parade Technologies, Ltd. 0.89Itochu Techno-Solutions Corporation 0.85SolarEdge Technologies, Inc. 0.85GB Group PLC 0.84Chemed Corporation 0.83Reply S.p.A. 0.81Atkore International Group Inc. 0.80Polypipe Group PLC 0.79Yokogawa Bridge Holdings Corp. 0.79AllianceBernstein Holding L.P. 0.79HomeServe plc 0.77China Yuhua Education Corp. Ltd. 0.77Barco NV 0.75Evolution Gaming Group AB 0.74Radian Group Inc. 0.74Virtus Investment Partners, Inc. 0.74INTER ACTION Corporation 0.73Elite Material Co., Ltd. 0.72Serba Dinamik Holdings Bhd 0.71Howden Joinery Group PLC 0.70Lifco AB Class B 0.69ManTech International Corporation Class A 0.69SINBON Electronics Co., Ltd. 0.69Fox Factory Holding Corp. 0.68Stifel Financial Corp. 0.68Cerved Group SpA 0.67METAWATER Co.Ltd. 0.67MGIC Investment Corporation 0.66Saracen Mineral Holdings Limited 0.66Chimera Investment Corporation 0.66Installed Building Products, Inc. 0.65Chicony Electronics Co. Ltd. 0.63Interojo Inc. 0.63Liontrust Asset Management PLC 0.62Lithia Motors, Inc. Class A 0.62Taiwan Union Technology Corporation 0.62SEOJIN SYSTEM CO.,LTD 0.62Helen of Troy Limited 0.62Malibu Boats Inc Class A 0.62Axon Enterprise Inc 0.61Prestige Consumer Healthcare Inc 0.61Corcept Therapeutics Incorporated. 0.61Zhen Ding Technology Holding Limited 0.60Hansol Chemical Co., Ltd 0.60PJT Partners, Inc. Class A 0.59Insight Enterprises, Inc. 0.59Beach Energy Limited 0.59Accton Technology Corp. 0.58EMCOR Group, Inc. 0.58China Medical System Holdings Ltd. 0.57Choice Hotels International, Inc. 0.57YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H 0.57OneMain Holdings, Inc. 0.54Livzon Pharmaceutical Group Inc Class H 0.54Pentamaster Corp. Bhd. 0.54Compania de Transmissao de Energia Eletrica Paulista Pfd 0.54Enova International Inc 0.53PC Connection, Inc. 0.51Fabrinet 0.51PRA Health Sciences, Inc. 0.50Sawai Pharmaceutical Co., Ltd. 0.50Ausnutria Dairy Corp. Ltd. 0.50T-Gaia Corporation 0.50Allegiant Travel Company 0.50Sul America SA Ctf de Deposito de Acoes Cons of 1 Sh + 2 Pfd Shs 0.49Asbury Automotive Group, Inc. 0.49Azimut Holding Spa 0.49

Name % of NAV

Innospec Inc. 0.48SYNNEX Corporation 0.48Lumentum Holdings, Inc. 0.48J2 Global, Inc. 0.48Soulbrain Co., Ltd 0.48Towa Pharmaceutical Co., Ltd. 0.48Federal Signal Corporation 0.47BayCurrent Consulting, Inc. 0.47Redrow plc 0.47Nihon Unisys,Ltd. 0.46Sany Heavy Equipment International Holdings Co., Ltd. 0.46TCS Group Holding Plc Sponsored GDR Class A RegS 0.46China Tian Lun Gas Holdings Limited 0.46Meitec Corporation 0.46Envestnet, Inc. 0.46Cresco,Ltd. 0.46Exxaro Resources Limited 0.45Sitronix Technology Corp. 0.45Oshkosh Corp 0.45PennyMac Financial Services, Inc. 0.45Dialog Semiconductor plc 0.45Grupo Aeroportuario del Centro Norte SAB de CV Class B 0.44Shandong Weigao Group Medical Polymer Co. Ltd. Class H 0.44Molina Healthcare, Inc. 0.43Fujitsu General Limited 0.43Meet Group Inc 0.43iA Financial Corporation Inc. 0.41Companhia de Locacao das Americas 0.41Nolato AB Class B 0.41Loomis AB Class B 0.41Regis Resources Limited 0.41Vistry Group PLC 0.41Timken Company 0.41Bellway p.l.c. 0.40Chlitina Holding Ltd. 0.40Equitable Group Inc. 0.40AMADA CO. LTD. 0.39Gurit Holding AG 0.39Quang Viet Enterprise Co., Ltd. 0.39Swissquote Group Holding Ltd. 0.38Winnebago Industries, Inc. 0.38Simplo Technology Co. Ltd. 0.38Jumbo S.A. 0.37Flexium Interconnect, Inc. 0.36Skechers U.S.A., Inc. Class A 0.36NMI Holdings, Inc. Class A 0.36Chemical Works of Gedeon Richter Plc 0.35YDUQS Participacoes S.A. 0.35SpareBank 1 SMN 0.33LCI Industries 0.33Xinyi Glass Holdings Limited 0.33Group 1 Automotive, Inc. 0.33Compania de Distribucion Integral Logista Holdings S.A. 0.33PT Media Nusantara Citra Tbk 0.32Tegma Gestao Logistica S.A. 0.32CACI International Inc Class A 0.32Canon Marketing Japan Inc. 0.32CEWE Stiftung & Co. KGaA 0.31ENERJISA ENERJI A.S 0.31First Defiance Financial Corp. 0.31CBIZ, Inc. 0.30Koza Altin Isletmeleri A.S. 0.30Parex Resources Inc. 0.29Sao Martinho S.A. 0.29John Bean Technologies Corporation 0.28Ashmore Group plc 0.28BMC Stock Holdings, Inc. 0.27Ichor Holdings, Ltd. 0.27Steadfast Group Limited 0.27Greencore Group Plc 0.26TIS Inc. 0.26Aaron's, Inc. 0.26DIP Corporation 0.26Essent Group Ltd. 0.25Sleep Number Corporation 0.25Curves Holdings Co., Ltd. 0.25Wizz Air Holdings Plc 0.24LGI Homes, Inc. 0.22TGS-NOPEC Geophysical Company ASA 0.22Mavi Giyim Sanayi ve Ticaret A.S. 0.22M.D.C. Holdings, Inc. 0.22Countryside Properties Plc 0.22Meritor, Inc. 0.20NRW Holdings Limited 0.18Regional, S.A.B. de C.V. Class A 0.18Koshidaka Holdings Co., Ltd. 0.18ProPetro Holding Corp. 0.16New York Mortgage Trust, Inc. 0.13Serba Dinamik Holdings Bhd Warrant 2019-05.12.24 on Serba Dinamik 0.02Cash 1.05Total 100.00

Principal Global Investor Fund - Origin Global Smaller Companies Fund (Underlying Fund) as on March 31, 2020

Regional Allocation of underlying fund (As on March 31, 2020) (% of NAV)

North America 43.61% Emerging Markets 23.09% Japan 10.47% Europe Ex Uk 9.80% United Kingdom 9.03% Asia Ex Japan 2.94% Cash 1.06%

Industry Allocation of underlying fund (As on March 31, 2020) (% of NAV)

Information Technology 26.26% Industrials 19.68% Financials 16.28% Consumer Discretionary 14.58% Health Care 10.67% Materials 3.32% Communication Services 2.94% Energy 2.45% Consumer Staples 1.45% Utilities 1.31% Cash 1.06%


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 (30-04-2019 to 30-04-2020) -6.59 9339.35 -7.78 9220.19 -14.88 8508.16

3 Years (28-04-2017 to 30-04-2020) 4.50 11414.59 4.71 11484.90 3.33 11034.18

5 Years (30-04-2015 to 30-04-2020) 1.96 11018.69 5.63 13155.26 5.16 12862.55

Since Inception (29-03-2004 to 30-04-2020) 6.38 27048.80 10.98 53535.81 12.76 69109.56

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 April 2020)

Scheme Name 1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)

Since Inception CAGR (%)

Date of Inception

FUNDS MANAGED BY MR. RAVI GOPALAkRISHNAN (TOTAL SCHEMES MANAGED : 9 SCHEMES)Principal Emerging Bluechip Fund -10.58 -0.91 6.85 21.39

12-11-2008NIFTY Large Midcap 250 Index - TRI -15.76 -0.65 5.47 14.76Principal Focused Multicap Fund -4.64 3.76 6.21 13.32

11-11-2005S&P BSE 250 Large Midcap - TRI -14.58 1.70 5.36 11.24Principal Dividend Yield Fund -11.03 3.04 6.81 10.61

15-10-2004Nifty Dividend Opportunities 50 - TRI -18.27 -0.07 4.57 NAPrincipal Multi Cap Growth Fund -16.49 -1.74 5.16 13.52

25-10-2000Nifty 500 Index - TRI -15.93 0.42 4.76 13.94Principal Balanced Advantage Fund (Equity Portion) -2.83 2.56 4.33 7.80

16-12-201050% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index -2.62 5.30 6.81 8.03

Principal Retirement Savings Fund(Conservative Plan) -2.42 2.14 NA 4.46

14-12-201530% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 0.35 6.25 NA 7.49Principal Retirement Savings Fund(Progressive Plan) -15.53 -1.84 NA 3.41

14-12-2015Nifty 200 Full Marketcap Index - TRI -15.36 1.36 NA 6.76Principal Retirement Savings Fund(Moderate Plan) -5.27 1.43 NA 4.37

14-12-2015CRISIL Hybrid 35+65 - Aggressive Index** -4.15 4.70 NA 8.28Principal Hybrid Equity Fund (Equity Portion) -12.43 1.58 6.52 9.89

14-01-2000CRISIL Hybrid 35+65 - Aggressive Index** -4.15 4.70 7.02 NA

FUNDS MANAGED BY MR. SUDHIR kEDIA (TOTAL SCHEMES MANAGED : 3 SCHEME)Principal Tax Savings Fund -16.84 -2.08 4.91 14.50

31-03-1996Nifty 500 Index - TRI$ -15.93 0.42 4.76 12.18Principal Personal Tax Saver Fund -17.43 -3.53 1.57 17.40

31-03-1996Nifty 500 Index - TRI$ -15.93 0.42 4.76 12.18Principal Equity Savings Fund (Equity Portion) -1.71 2.65 4.64 7.28

23-05-2002Nifty Equity Savings Index 0.49 6.04 6.71 NA

FUNDS MANAGED BY MR. GURVINDER SINGH WASAN (TOTAL SCHEME MANAGED : 3 SCHEMES)Principal Short Term Debt Fund -6.91 1.63 4.27 6.74

09-05-2003CRISIL Short Term Bond Fund Index 10.00 7.84 8.18 7.34Principal Credit Risk Fund -7.22 1.89 4.53 6.56

14-09-2004NIFTY Credit Risk Bond Index 8.43 7.61 8.50 8.70Principal Equity Savings Fund (Debt Portion) -1.71 2.65 4.64 7.28

23-05-2002Nifty Equity Savings Index 0.49 6.04 6.71 NA

FUNDS MANAGED BY MR. RAjAT jAIN (TOTAL SCHEMES MANAGED : 3 SCHEMES)Principal Nifty 100 Equal Weight Fund -19.19 -3.12 0.78 8.86

27-07-1999Nifty 100 Equal Weight - TRI -17.88 -3.63 2.63 NAPrincipal Arbitrage Fund 3.70 2.67 NA 3.39

21-04-2016Nifty 50 Arbitrage Index 5.60 5.29 NA 5.38Principal Global Opportunities Fund -6.59 4.50 1.96 6.38

29-03-2004MSCI All Country World Small Cap Index - TRI -7.78 4.71 5.63 10.98

FUNDS MANAGED BY MS. BEkxY kURIAkOSE (TOTAL SCHEMES MANAGED : 6 SCHEMES)Principal Hybrid Equity Fund (Debt Portion) -12.43 1.58 6.52 9.89

14-01-2000CRISIL Hybrid 35+65 - Aggressive Index** -4.15 4.70 7.02 NAPrincipal Dynamic Bond Fund -4.08 1.79 4.50 6.65

09-05-2003CRISIL Composite Bond Fund Index 13.44 8.33 8.82 7.02Principal Balanced Advantage Fund (Debt Portion) -2.83 2.56 4.33 7.80

16-12-201050% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index -2.62 5.30 6.81 8.03

Principal Cash Management Fund 5.46 3.41 5.10 6.8130-08-2004

CRISIL Liquid Fund Index 6.25 6.91 7.15 7.11Principal Low Duration Fund -15.59 -1.44 2.33 5.99

14-09-2004CRISIL Low Duration Debt Index 8.03 7.62 8.04 7.56Principal Ultra Short Term Fund 5.71 4.36 5.80 6.24

28-12-2007Nifty Ultra Short Duration Debt Index 7.31 7.54 7.70 8.45

FUNDS MANAGED BY MR. SIDDARTH MOHTA (TOTAL SCHEME MANAGED : 1 SCHEME)Principal Multi Cap Growth Fund -16.49 -1.74 5.16 13.52

25-10-2000Nifty 500 Index - TRI -15.93 0.42 4.76 13.94

FUNDS MANAGED BY MR. ASHISH AGGARWAL (TOTAL SCHEME MANAGED : 1 SCHEME)Principal Hybrid Equity Fund (Equity Portion) -12.43 1.58 6.52 9.89

14-01-2000CRISIL Hybrid 35+65 - Aggressive Index** -4.15 4.70 7.02 NAPrincipal 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. Ravi Gopalakrishnan manages Principal Emerging Bluechip Fund, Principal Focused Multicap Fund, and Principal Dividend Yield Fund (w.e.f. October 2019).Mr. Ravi Gopalakrishnan manages Principal Multi Cap Growth Fund, Principal Balanced Advantage Fund - Equity Portion, and Principal Retirement Savings Fund (Conservative Plan-Progressive Plan-Moderate Plan) & Principal Small Cap Fund (w.e.f. July 2019)Mr. Sudhir Kedia manages Principal Tax Savings Fund, Principal Personal Tax Saver Fund and Principal Equity Savings Fund - Equity Portion (w.e.f. October 2019)Mr. Ravi Gopalakrishnan manage Principal Hybrid Equity Fund - Equity Portion, Mr. Bekxy Kuriakose - Debt Portion and Mr. Ashish Aggrawal - Associate Fund Manager (w.e.f. October 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. Ravi Gopalakrishnan & Mr. Sudhir Kedia manages Principal Midcap Fund (w.e.f. December 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.Note: Performance of Principal Small Cap Fund & Principal Midcap 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:

KFin Technologies Private Limited (Unit: Principal Mutual Fund),

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