mutual fund funds insight - principal mutual fund

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

Principal Large Cap Fund (An open ended equity scheme predominantly investing in large cap stocks)

This Product Is Suitable For Investors Who Are Seeking~-• Long term Capital Growth• Investment predominantly in equity and equity-related securities of large cap companies.

Investors understand that their principal will be at moderately high risk

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FUNDS INSIGHTNovember, 2020

Mutual Fund

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

(Erstwhile Principal Balanced Fund)

Fund Details Portfolio

Dividend UpdateDate Regular Plan Direct Plan

Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV16-Oct-20 0.1665 21.8400 NA NA17-Sep-20 0.1630 21.8000 NA NA17-Aug-20 0.1641 21.5300 NA NA17-Jul-20 0.1590 21.1000 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

Performance (As on 30/10/2020)

Period Principal Hybrid Equity Fund

CRISIL Hybrid 35+65 - Aggressive Index*

(Scheme’s Benchmark)

Nifty 50 - TRI(Additional Benchmark)

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

Returns Returns (%) $PTP Returns

1 Year (30-10-2019 to 30-10-2020) 1.72 10172.16 5.60 10560.35 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) 0.93 10281.62 6.40 12045.03 5.37 11697.985 Years (30-10-2015 to 30-10-2020) 8.77 15230.22 9.56 15796.40 8.98 15378.10Since Inception (14-01-2000 to 30-10-2020) 10.33 77400.00 NA NA 11.48 95908.06Different 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. Please refer page 32 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

Data As on October 31, 2020

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

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

Asset Under Managment (` Cr) MAAUM: 1,061.79

AUM: 1,033.44

Allotment Date & Benchmark Allotment Date

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 October 31, 2020)Average Maturity: 3.09 yearsModified Duration: 2.56 yearsGross Yield to Maturity: 4.65%

Ratios & Other Details (As on October 30, 2020)Standard Deviation^ (Annualised): 14.72%Beta^ : 1.04Sharpe Ratio^ (Annualised) : -0.10 Portfolio Turnover Ratio** : 1.44 Equity : 0.43 Debt : 1.00

Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.48% risk free rate of return (1 days - MIBOR Rate As on October 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 October 31, 2020).# Weighted Average TER for the month, includes GST on management fees.

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: 26 years, 16 years & 20 years

Expense Ratio# (As on October 31, 2020)Direct Plan - 1.02 %

Regular Plan - 2.23 %

`

For NAV details, please refer page 6

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.

Industry Allocation (Top 10) (As on Oct 31, 2020) (% of NAV)

Banks 16.43% Software 11.36% Finance 9.61% Petroleum Products 6.56% Consumer Non Durables 6.03% Pharmaceuticals 4.94% Auto Ancillaries 3.44% Cement 2.61% Chemicals 2.30% Construction Project 2.25%

Market Cap Allocation (As on Oct 31, 2020) (% of NAV)Equity & Equity Related Instruments of Large Cap Co. 60.78Equity & Equity Related Instruments of Mid Cap Co. 9.42Equity & Equity Related Instruments of Small Cap Co. 2.83Others 1.62Debt 20.34Cash & Other Assets 5.01

Top 10 Equity Holdings* Holding less than 0.75%

Name Rating / Industry

% to Net Assets

% to Net Assets

Deriva-tives

Banks 16.43HDFC Bank Ltd. 7.28ICICI Bank Ltd. 3.99Kotak Mahindra Bank Ltd. 2.28Axis Bank Ltd. 1.60State Bank of India 1.28Software 10.04Infosys Ltd. 5.30Tata Consultancy Services Ltd. 2.57HCL Technologies Ltd. 1.34Tech Mahindra Ltd. 0.83Finance 8.91Housing Development Finance Corporation Ltd. 3.07

SBI Life Insurance Company Ltd. 1.17Bajaj Finance Ltd. 1.12Max Financial Services Ltd. 1.11SBI Cards & Payment Services Ltd. 0.91Can Fin Homes Ltd. 0.77Bajaj Finserv Ltd. 0.76Petroleum Products 6.56Reliance Industries Ltd. 6.56Pharmaceuticals 4.40Divi'sLaboratoriesLtd. 1.64IPCA Laboratories Ltd. 1.00Cipla Ltd. 0.88Sun Pharmaceutical Industries Ltd. 0.88Consumer Non Durables 3.53Hindustan Unilever Ltd. 2.41ITC Ltd. 1.12Auto Ancillaries 3.44Balkrishna Industries Ltd. 0.95CEAT Ltd. 0.94Motherson Sumi Systems Ltd. 0.78MRF Ltd. 0.77Cement 2.61Ultratech Cement Ltd. 1.77Shree Cement Ltd. 0.84Construction Project 2.25Larsen & Toubro Ltd. 2.25Auto 2.03Maruti Suzuki India Ltd. 1.16Hero MotoCorp Ltd. 0.87Telecom - Services 1.57Bharti Airtel Ltd. 1.57Consumer Durables 1.12Dixon Technologies (India) Ltd. 1.12


% to Net Assets

% to Net Assets

Deriva-tives

Retailing 1.02Avenue Supermarts Ltd. 1.02Chemicals 0.92Rossari Biotech Ltd. 0.92Industrial Products 0.90Astral Poly Technik Ltd. 0.90Pesticides 0.79PI Industries Ltd. 0.79Other Equities* 8.13 Total Equity 74.65 DERIVATIVESFutures - National Stock Exchange of India Ltd. -0.79

BONDS & NCD 8.44 Housing Development Finance Corporation Ltd CRISIL AAA 2.36

The Ramco Cements Ltd [ICRA]AA+ 1.30 REC Ltd CRISIL AAA 1.26 Larsen & Toubro Ltd CRISIL AAA 1.04 National Bank for Agriculture and Rural Development

[ICRA]AAA 0.87

ICICI Bank Ltd [ICRA]AAA 0.51 Ultratech Cement Ltd CRISIL AAA 0.50 LIC Housing Finance Ltd CRISIL AAA 0.40 National Housing Bank CRISIL AAA 0.20 Sovereign 10.36 5.22% Government of India Sovereign 1.75 7.17% Government of India Sovereign 1.56 7.68% Government of India Sovereign 1.47 6.18% Government of India Sovereign 1.47 7.27% Government of India Sovereign 1.37 6.84% Government of India Sovereign 1.02 7.32% Government of India Sovereign 0.94 5.79% Government of India Sovereign 0.48 6.45% Government of India Sovereign 0.30 State Government Securities 0.96 8.90% State Government of Maharashtra Sovereign 0.53

8.25% State Government of Maharashtra Sovereign 0.43

Commercial Paper 0.58 ICICI Securities Ltd. CRISIL A1+ 0.58 TREPS / Reverse Repo Investments 4.01

TREPS 4.01 Cash & Cash Equivalents 1.00 Net Assets 100.00

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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 Large Cap Fund 10

Principal Emerging Bluechip Fund 11

Principal Multi Cap Growth Fund 12

Principal Focused Multicap Fund 13

Principal Small Cap Fund 14

Principal Midcap Fund 15

Principal Dividend Yield Fund 16

Principal Tax Savings Fund 17

Principal Personal Tax Saver Fund 18

Principal Nifty 100 Equal Weight Fund 19

Hybrid Funds

Principal Hybrid Equity Fund 20

Principal Balanced Advantage Fund 21

Principal Equity Savings Fund 22

Principal Arbitrage Fund 23

Fixed Income FundsPrincipal Cash Management Fund 24

Principal Ultra Short Term Fund 25

Principal Low Duration Fund 26

Principal Short Term Debt Fund 27

Solution Oriented Funds

Principal Retirement Savings Fund (Progressive Plan) 28

Principal Retirement Savings Fund (Moderate Plan) 29

Principal Retirement Savings Fund (Conservative Plan) 30

Fund of Funds

Principal Global Opportunities Fund 31

Other Details

Annexure for returns of all the Schemes 32

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EQUITY & DEBT

MARKET OUTLOOK

Equity Markets Round Up: October 2020Emerging market equity outperformed developed market equity during the month. MSCI EM (USD) was up 1.98% during the month, while MSCI World index, which tracks developed markets, was down 3.14%. MSCI India (USD) was flat during this period. The global markets were impacted by the rising incidence of Coronavirus both in Europe and the US. Though policymakers were not keen to impose lockdowns given their impact on economic activity, three countries in Europe (UK, France and Germany) had to implement them given the sharp surge in cases. The US elections, especially the increasing chances of a close contest also impacted the markets. The US VIX surged 44% during the month, though it has again receded after the election results. The India VIX was also up by 27% during the month. Fund flows into EM equity were better, with the asset class seeing inflows of USD 4 BN during the month (till Oct 28, JPM data). Flows into Indian equity also improved at Rs. 19,540 crores (USD 2.5 BN approx.) during the month. CYTD flows into EM equity are at USD 43 BN (JPM data) while Indian equity has had net inflows of nearly Rs. 40,000 crores during the same period. While some of it has been driven by an active primary market/ QIPs, flows into secondary market have been strong too. Mutual funds were sellers of equity for the fifth month in a row (selling Rs. 14,344 crores). In market technicals, India’s weight in MSCI EM index is expected to rise as MSCI rebalances the index in end November. Market participants expect a one time inflow into Indian equity accompanying the rebalancing. In terms of sectors, banks and IT performed better than others during the month. Banks however were the one of the best performers, with the BSE Banking sector index up 12.5% during the month (vs a movement of 4% in the Sensex). This was driven by both banks and NBFCs reporting increased efficiency in collections and upbeat commentary on asset quality and expectations of limited need for restructuring. Demand recovery in retail loans, esp. mortgages has been strong driven by low interest rates and improved affordability which also supported these stocks. In respect of IT stocks, the growth in revenue for Tier-1 companies came in at 4.1% QoQ which is the highest rate of growth in over 2 years. The EBIT margins for these companies also came in above expectations, supporting their prices. Overall, the results so far have been a positive surprise, with businesses taking out costs in their operations. However, services businesses that rely on consumer footfalls have been struggling. In macro developments, the MPC stayed put on rates at the October meeting and guided for an accommodative stance as long as necessary. They remain sanguine that inflation, which has primarily been driven by food articles, should moderate in H2, FY 21 as supply disruptions reduce. While this is true, anecdotal evidence indicates of food prices remaining high in October. Further, prices of some industrial inputs (esp. metals) have gone up of late. The London metals index of six industrial metals is up 8% YoY at end of October. On the other hand, global prices of energy remain low which is positive (though prices paid by end users have gone up on account of higher excise duties). Hence while inflation should certainly come down in H2, FY 21, the extent of moderation may be somewhat tempered. On the fiscal side, gross taxes collected by the centre showed some recovery in Q2 vs Q1. Tax collected in Q2 was down 13% YoY vs a degrowth of 33% YoY in Q1. This was primarily driven by indirect taxes (excise on oil products). While corporate tax growth remains poor, in Q3 and Q4 we may see better tax numbers as corporates find results are better than earlier expectations. The government has been quite conservative in controlling its expenditure given the stress it faces on revenue. The revenue expenditure of the centre was down 9% YoY in Q2 vs an increase of 11% YoY in Q1 as the government spent extra funds on managing the Coronavirus in the first quarter.OutlookIncremental data from the reopening of the economy continues to be positive with rural areas doing better than urban areas in general. The markets will likely watch for continuation of the good consumer demand being seen now as we go into Q4. Companies however, have tweaked their business models to cut costs and generally, the organised sector has gained from COVID related disruptions as the unorganised sector has had challenges both from the financing side and in adjusting to the new protocols and the costs associated with them. Companies in the listed space could generally continue to benefit from this trend. We think the markets could gradually continue to grind upwards though volatility will remain.The near-term risks to the markets are negative surprise on the consumer demand side during the festival season, flare up in Coronavirus cases post the festival season and election activity in a few states, and event related news on the border issue with China.

Data Item Growth

1 Month 1 yearMSCI EM Index (USD) 1.98 5.90MSCI EM Index Local 1.42 8.41MSCI World Index (USD) -3.14 2.66Nifty 100 Equal Weight Index 2.05 -4.83Indian Rupee -0.47 -4.49Dollar Index (DXY) 0.16 -3.40Crude Oil- Brent -8.52 -37.81CRB Index 0.89 5.16Gold -0.37 24.18Copper 0.70 15.90Iron Ore -0.66 38.28Cotton (Cotlook A Index) 8.33 0.92JP Morgan EM FX Index -0.42 -11.04Data as on 30th October 2020. Source: Bloomberg, NSDL and Sebi websites

Indicators September-20 October-20FII net flows (Rs. Crs) -7,783 19,541Mutual Fund net flows (Rs. Crs) -4,244 -14,344Exports (USD Billion) 22.70 27.58Imports (USD Billion) 29.47 30.31CPI 6.69 7.34IIP -10.40 -8.00Data as on 30th October 2020. Souce: Bloomberg, NSDL and Sebiwebsites

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Fixed Income Market Update: October 2020• DuringthemonthyieldsfellacrossallassetclassesonaccountofaverydovishRBIMPCreviewmeeting,fallinglobalcrude

oil prices, ample banking system liquidity and gilt and SDL purchases by RBI through OMOs.

• India'sfiscaldeficitfortheperiodApriltoSeptember2020hascomeinataround9.13lakhcrore,whichis115%percentofthe Budget estimates.

• Thetenyrgiltbenchmarkfellduringthemonthtoendat5.88%,13bpslowerthanpreviousmonth.

• Corporatebondsyieldsalsofellduringthemonth.The5yrAAAbenchmarkandthe10yrAAAbenchmarkendedthemonthat 5.63% and 6.61% respectively compared to 6.00% and 6.79% in the previous month.

• 1yearCDratesclosedat3.72%22bps lowerthanpreviousmonth.3monthCDratesclosedat3.20,19bps lowerthanprevious month.

• BrentCrudeOilpricesfellduringthemonthonsignsofrenewedlockdownmeasuresacrosstheworldascoronaviruscasessurged in some parts of the world including India. It ended the month at USD 37.13 per barrel from USD 40.95 per barrel in previous month. INR depreciated to 74.11 during the month from 73.77 in previous month. For the month of October, FPIs were net buyers in the debt market to the tune of Rs 3363 cr. 10 yr US treasury yields rose during the month to end at 0.82% compared to 0.68% at previous month end.

• CPIinflationforSeptembercameinat7.34%comparedto6.69%(revised)inpreviousmonthreflectingcontinuedelevatedprices in categories like food, fuel and others.

• AugustIndustrialproduction(IIP)growthcameat-8%comparedto-10.8%forpreviousmonthreflectingsomeresumptionofeconomic activity as lockdown measures started easing.

• BankingSystemLiquidityremainsample.ForthemonthofOctoberthemonthlyaveragesurpluswasRs4.05lakhcr.

• ThegrossborrowingprogrammeoftheCentralgovtwashikedbyRs1.1lakhcrandtheborrowingschedulewaschanged.This is on account of shortfall in GST compensation cess and taken as a loan on behalf of States.

• RBIinitsMPCreviewmeetingannouncedon9thOctoberkeptkeyratesunchangedandstanceataccommodative.TheMPCalso decided to give a “forward guidance” for the stance. Majority of the members with exception of 1 decided to keep the stance at accommodative for the rest of the current financial year and even beginning of next financial year. A number of meaningful measures were taken outside the MPC ambit in the Statement on Developmental and Regulatory Policies. These include OnTap TLTROs for tenor of 3 yrs upto 1 lakh cr with further relaxations for such investments from Large Exposure Framework requirements and permission to hold in HTM. Apart from this limits increased earlier in Sept by RBI for Bank SLR HTM limits have now been extended to march 2022 from March 2021. The third most significant announcement for the market is the declaration for the very first time by RBI to conduct OMOs in SDLs (State Development Loans).

• AccordinglythefirstSDLOMOforRs10,000crwasconductedsuccessfullyfor15stateswithtenorsrangingfrom9to10years. Since then a second OMO has also been announced. In total RBI conducted OMOs worth Rs 45,705 cr during the month.

Outlook:

• WeexpectBankingSystemliquiditytoremaincomfortableintherangeofRs4to5lakhcroresforthemonthofNovember.Short term CD and CP rates and Overnight rates likely to remain stable and low given the ample banking system liquidity and RBI measures.

• WeexpectgiltandcorporatebondyieldstoremainsupportedifRBIcontinuestoconductgiltandSDLOMOseveryweek.

• Recentquarterly resultsofcorporatesshowmanyhaveweatheredtheCOVID induced lockdownwithsavingson interestcosts, cutting expenditure and are now witnessing pent up demand. However it remains to be seen how sustainable the revival is. We continue to remain cautious on medium and lower rated corporate credits.

Index 1 Month(%)

3 Months(%)

6 Months(%)

1 Year(%)

Broad Indices

Nifty 50 11642 3.51 5.14 18.08 -2.01

S&P BSE Sensex 39614 4.06 5.34 17.49 -1.28

S&P BSE 100 11721 2.89 5.03 17.78 -2.32

S&P BSE 200 4910 2.69 5.52 18.59 -1.48

S&P BSE 500 15215 2.45 6.06 19.61 -1.12

S&P BSE MID CAP 14905 1.36 8.33 24.07 0.27

S&P BSE SMALL CAP 14888 0.14 14.33 34.10 9.81

Performance As on October 30, 2020*

Index 1 Month(%)

3 Months(%)

6 Months(%)

1 Year(%)

Sectoral Indices

S&P BSE AUTO 17517 -2.01 6.23 31.22 -7.54

S&P BSE Bankex 27389 12.46 11.34 10.78 -19.27

S&P BSE CD 24076 -0.83 12.09 17.30 -10.48

S&P BSE CG 14167 2.41 11.25 16.25 -24.73

S&P BSE FMCG 10923 -1.16 -4.57 1.41 -10.81

S&P BSE HC 19258 -2.73 5.32 25.60 45.57

S&P BSE METAL 8208 -1.16 4.88 21.67 -11.80

S&P BSE Oil & Gas 12126 -0.95 -7.96 0.50 -22.93

S&P BSE PSU 4558 0.41 -7.33 -4.74 -36.61

S&P BSE Teck 9664 4.89 9.31 35.11 29.51

*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 Large Cap Fund (An open ended equity scheme predominantlyinvesting in large cap stocks)

Long term Capital Growth.•Investment predominantly in equity and equity-related securities of large cap•companies.•

Principal 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 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

6

Equity Funds (As on October 30, 2020)Principal Emerging Bluechip Fund (`) Principal Multi Cap Growth Fund (`) Principal Tax Savings Fund (`)Regular Plan - Growth 110.15 Regular Plan - Growth 139.69 Regular Plan - Growth 205.62Regular Plan - Half Yearly Dividend Option 42.53 Regular Plan - Half Yearly Dividend Option 34.54 Regular Plan - Half Yearly Dividend Option 205.62Direct Plan - Growth 118.74 Direct Plan - Growth 148.14 Direct Plan - Growth 214.15Direct Plan - Half Yearly Dividend Option 90.41 Direct Plan - Half Yearly Dividend Option 44.37 Direct Plan - Half Yearly Dividend Option 214.15

Principal Nifty 100 Equal Weight Fund (`) Principal Focused Multicap Fund (`) Principal Dividend Yield Fund (`)Regular Plan - Growth 68.0385 Regular Plan - Growth 68.11 Regular Plan - Growth 55.60Regular Plan - Dividend 39.9875 Regular Plan - Half Yearly Dividend Option 25.63 Regular Plan - Half Yearly Dividend Option 23.41Direct Plan - Growth 70.2545 Direct Plan - Growth 71.90 Direct Plan - Growth 57.93Direct Plan - Dividend 41.2875 Direct Plan - Half Yearly Dividend Option 26.55 Direct Plan - Half Yearly Dividend Option 32.13

Principal Small Cap Fund (`) Principal Midcap Fund (`) Principal Personal Tax Saver Fund (`)Regular Plan - Growth 11.8500 Regular Plan - Growth 10.3400 Regular Plan - Growth 191.68Regular Plan - Dividend 11.8500 Regular Plan - Dividend 10.3400 Direct Plan - Growth 199.82Direct Plan - Growth 12.1700 Direct Plan - Growth 10.5100Direct Plan - Dividend 12.1700 Direct Plan - Dividend 10.5100

Principal Large Cap Fund (`)Regular Plan - Growth 9.8600Regular Plan - Dividend 9.8600Direct Plan - Growth 9.8600Direct Plan - Dividend 9.8600

Hybrid Funds (As on October 30, 2020)Principal Hybrid Equity Fund (`) Principal Balanced Advantage Fund (`) Principal Equity Savings Fund (`)Regular Plan - Growth 77.40 Regular Plan - Growth 21.75 Regular Plan - Growth 38.9850Regular Plan - Monthly Dividend Option 21.56 Regular Plan - Monthly Dividend Option 13.22 Regular Plan - Quaterly Dividend Option 12.9570Direct Plan - Growth 83.89 Direct Plan - Growth 23.76 Regular Plan - Half Yearly Dividend Option 12.5833Direct Plan - Monthly Dividend Option 30.49 Direct Plan - Monthly Dividend Option 15.05 Direct Plan - Growth 41.9503

Direct Plan - Quaterly Dividend Option 16.4512Direct Plan - Half Yearly Dividend Option 12.5117

Principal Arbitrage Fund (`)Regular Plan - Growth 11.4908Regular Plan - Monthly Dividend Option 10.1030Direct Plan - Growth 11.7897Direct Plan - Monthly Dividend Option 10.1955

Fixed Income Funds (As on October 29, 2020)Principal Cash Management Fund* (`) Principal Low Duration Fund (`) Principal Short Term Debt Fund (`)Regular Plan - Growth 1784.2332 Regular Plan - Growth 2693.2082 Regular Plan - Growth 34.0742Regular Plan - Daily Dividend Option 1001.0880 Regular Plan - Daily Dividend Option 919.5134 Regular Plan - Monthly Dividend Option 12.8483Regular Plan - Weekly Dividend Option 1006.5179 Regular Plan - Weekly Dividend Option 919.6653 Direct Plan - Growth 35.9662Regular Plan - Monthly Dividend Option 1023.9220 Regular Plan - Monthly Dividend Option 1043.0086 Direct Plan - Monthly Dividend Option 12.8827Direct Plan - Growth 1794.2861 Direct Plan - Growth 2803.0924Direct Plan - Daily Dividend Option 1000.8383 Direct Plan - Daily Dividend Option 923.9599Direct Plan - Weekly Dividend Option 1006.9752 Direct Plan - Weekly Dividend Option 922.5741Direct Plan - Monthly Dividend Option 1023.9656 Direct Plan - Monthly Dividend Option 1048.2308

Principal Ultra Short Term Fund (`)Regular Plan - Growth 2153.0618Regular Plan - Daily Dividend Option 1005.4300Regular Plan - Weekly Dividend Option 1019.1098Regular Plan - Monthly Dividend Option 1059.8792Direct Plan - Growth 2228.5569Direct Plan - Monthly Dividend Option 1060.2198

Solution Oriented Funds (As on October 30, 2020)Principal Retirement Savings Fund (CP) (`) Principal Retirement Savings Fund (PP) (`) Principal Retirement Savings Fund (MP) (`)Regular Sub Plan - Growth 12.6612 Regular Sub Plan - Growth 13.4846 Regular Sub Plan - Growth 13.1026Direct Sub Plan - Growth 12.9461 Direct Sub Plan - Growth 13.9584 Regular Sub Plan - Dividend 13.1026

Direct Sub Plan - Growth 13.5198

Fund of FundsPrincipal Global Opportunities Fund (`)Regular Plan - Growth 32.0703Regular Plan - Dividend 32.0703Direct Plan - Growth 33.1142Direct Plan - Dividend 33.1142

NAV (Net Asset Value)

*As on October 31, 2020

7

Principal Fixed Income Funds Snapshot (As on October 31, 2020)

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8

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

SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN

SCHEMES MANAGED BY MR. SUDHIR KEDIA

Principal Emerging Bluechip Fund - Growth

Particulars Total Amount Invested (in `)

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 19.13 1,31,990 20.30 1,32,705 17.46 1,30,969 3 Years SIP 3,60,000 4.60 3,86,085 4.51 3,85,540 5.81 3,93,127 5 Years SIP 6,00,000 7.35 7,22,097 7.14 7,18,345 8.16 7,37,015 7 Years SIP 8,40,000 10.89 12,37,801 9.13 11,62,242 8.51 11,36,876 10 Years SIP 12,00,000 14.87 26,12,281 11.25 21,52,888 9.70 19,82,855 Since Inception SIP 14,30,000 15.82 39,09,416 11.88 30,18,409 10.19 27,05,604 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 17.29 1,30,864 11.25 1,27,126 17.46 1,30,969 3 Years SIP 3,60,000 4.61 3,86,153 0.31 3,61,696 5.81 3,93,127 5 Years SIP 6,00,000 7.93 7,32,761 4.48 6,72,028 8.16 7,37,015 7 Years SIP 8,40,000 9.12 11,61,997 5.82 10,32,818 8.51 11,36,876 10 Years SIP 12,00,000 10.24 20,39,775 7.32 17,49,374 9.70 19,82,855 Since Inception SIP 19,20,000 10.27 46,57,655 NA NA 10.66 48,27,303 Inception 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 11.17 1,27,079 18.11 1,31,366 17.46 1,30,969 3 Years SIP 3,60,000 5.57 3,91,717 5.14 3,89,208 5.81 3,93,127 5 Years SIP 6,00,000 7.34 7,21,933 7.65 7,27,610 8.16 7,37,015 7 Years SIP 8,40,000 8.30 11,28,576 8.70 11,44,728 8.51 11,36,876 10 Years SIP 12,00,000 9.99 20,13,120 10.26 20,42,429 9.70 19,82,855 Since Inception SIP 17,90,000 10.86 42,72,182 10.48 41,38,168 9.98 39,68,016 Inception Date - November 11, 2005

SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN & SIDDARTH MOHTA

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 14.38 1,29,070 18.25 1,31,452 17.46 1,30,969 3 Years SIP 3,60,000 1.17 3,66,496 4.40 3,84,918 5.81 3,93,127 5 Years SIP 6,00,000 5.05 6,81,736 6.94 7,14,827 8.16 7,37,015 7 Years SIP 8,40,000 7.53 10,97,963 8.17 11,23,049 8.51 11,36,876 10 Years SIP 12,00,000 10.78 21,00,118 9.82 19,94,981 9.70 19,82,855 Since Inception SIP 24,00,000 13.25 1,07,08,580 13.98 1,17,18,111 13.32 1,08,01,810 Inception Date - October 25, 2000

Principal Small Cap Fund - Growth


Scheme’s Returns Bechmark (Nifty Smallcap 100 TRI) Returns Yield * (%)

Additional Bechmark (Nifty 50 TRI) Returns Yield * (%)

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 36.69 1,42,492 33.04 1,40,344 17.46 1,30,969 Since Inception SIP 1,70,000 26.61 2,03,644 16.92 1,91,413 10.11 1,82,797 Inception Date - May 13, 2019

Principal Tax Savings 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 17.25 1,30,837 18.25 1,31,452 17.46 1,30,969 3 Years SIP 3,60,000 1.65 3,69,235 4.40 3,84,918 5.81 3,93,127 5 Years SIP 6,00,000 5.19 6,84,029 6.94 7,14,827 8.16 7,37,015 7 Years SIP 8,40,000 7.57 10,99,311 8.17 11,23,049 8.51 11,36,876

10 Years SIP 12,00,000 10.84 21,06,062 9.82 19,94,981 9.70 19,82,855

Since Inception SIP 28,80,000 15.34 2,52,13,774 Not AvailableInception Date - March 31, 1996

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 32.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. Ravi Gopalakrishnan & Mr. Siddarth Mohta manages Principal Small Cap Fund (w.e.f. May 2019).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 17.38 1,30,915 18.25 1,31,452 17.46 1,30,969 3 Years SIP 3,60,000 1.47 3,68,204 4.40 3,84,918 5.81 3,93,127 5 Years SIP 6,00,000 3.23 6,51,055 6.94 7,14,827 8.16 7,37,015 7 Years SIP 8,40,000 4.86 9,98,343 8.17 11,23,049 8.51 11,36,876 10 Years SIP 12,00,000 7.35 17,52,016 9.82 19,94,981 9.70 19,82,855 Since Inception SIP 29,40,000 15.67 2,85,28,277 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 10.64 1,26,745 13.77 1,28,694 17.46 1,30,969 3 Years SIP 3,60,000 -0.58 3,56,824 0.79 3,64,390 5.81 3,93,127 5 Years SIP 6,00,000 2.10 6,32,833 3.36 6,53,336 8.16 7,37,015 7 Years SIP 8,40,000 3.39 9,47,349 5.46 10,19,624 8.51 11,36,876 10 Years SIP 12,00,000 5.57 15,96,658 8.07 18,19,620 9.70 19,82,855 Since Inception SIP 25,50,000 9.72 80,31,043 NA NA 13.11 1,24,42,770 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 32.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 Midcap Fund & Principal Large Cap Fund is not given as the scheme has not completed 1 year.

Systematic Investment Plan (SIP) Returns (As on October 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 11.37 1,27,201 12.81 1,28,097 17.46 1,30,969 3 Years SIP 3,60,000 4.49 3,85,461 7.28 4,01,818 5.81 3,93,127 5 Years SIP 6,00,000 4.97 6,80,345 8.14 7,36,557 8.16 7,37,015 7 Years SIP 8,40,000 5.83 10,33,403 8.50 11,36,575 8.51 11,36,876 Since Inception SIP 11,80,000 7.87 17,57,868 9.34 18,97,148 9.77 19,39,545

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 13.30 1,28,401 16.95 1,30,654 17.46 1,30,969 3 Years SIP 3,60,000 2.58 3,74,493 8.22 4,07,471 5.81 3,93,127 5 Years SIP 6,00,000 6.15 7,00,723 9.04 7,53,238 8.16 7,37,015 7 Years SIP 8,40,000 8.03 11,17,671 9.54 11,79,357 8.51 11,36,876 10 Years SIP 12,00,000 10.12 20,27,486 10.31 20,48,302 9.70 19,82,855 Since Inception SIP 24,90,000 12.13 1,01,48,552 9.71 75,15,197 13.17 1,15,59,259 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 13.35 1,28,433 11.02 1,26,981 7.88 1,25,019 3 Years SIP 3,60,000 6.02 3,94,375 7.32 4,02,112 9.95 4,17,951 5 Years SIP 6,00,000 6.11 6,99,984 7.78 7,29,969 8.18 7,37,218 7 Years SIP 8,40,000 6.33 10,51,723 7.92 11,13,323 8.32 11,29,232 10 Years SIP 12,00,000 6.44 16,70,189 8.51 18,62,032 7.94 18,06,706 Since Inception SIP 22,10,000 6.92 43,72,191 NA NA 6.96 43,89,533 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 13.41 1,28,421 10.37 1,26,541 8.12 1,25,137 3 Years SIP 3,60,000 5.71 3,92,485 9.82 4,17,027 9.97 4,17,961 5 Years SIP 6,00,000 5.40 6,87,567 8.85 7,49,441 8.19 7,37,229 7 Years SIP 8,40,000 5.95 10,37,509 8.74 11,46,157 8.33 11,29,252 10 Years SIP 12,00,000 6.66 16,89,200 8.76 18,86,162 7.94 18,06,726

Since Inception SIP 20,90,000 7.28 41,10,396 8.18 44,88,747 7.03 40,13,469 Inception Date - May 09, 2003

SCHEMES MANAGED BY GURVINDER SINGH WASAN

10

Principal Large Cap Fund(An open ended equity scheme predominantly investing in large cap stocks)

Investment Objective: To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However, there can be no assurance 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

Asset Under Managment (` Cr) MAAUM: 77.63

AUM: 186.43


Regular Plan: Oct 19, 2020 Direct Plan: Oct 19, 2020

Benchmark: Nifty 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 ofunits would be done on First in First out Ba-sis (FIFO)Nil thereafter. (w.e.f. Oct 19, 2020)

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

Fund Manager DetailsName: Mr. Sudhir Kedia &

Mr. Anirvan Sarkar (for foreign investments)Managing Since: Oct 2020 & Oct 2020

Total Experience: 14 years & 9 years

Expense Ratio# (As on October 31, 2020)Direct Plan - 0.27 %Regular Plan - 2.38 %

`


Banks 22.25% Consumer Non Durables 7.58% Software 7.53% Petroleum Products 7.47% Finance 7.31% Pharmaceuticals 6.27% Auto 4.46%

Construction Project 3.04%

Auto Ancillaries 2.80% Telecom - Services 2.39%

Market Cap Allocation (As on Oct 31, 2020) (% of NAV)^^The Name of the Industry is in accordance with Industry Classification for Foreign Securities is as per MSCI GICS

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

Name Rating /Industry

% of NAV

Banks 22.25HDFC Bank Ltd. 7.34ICICI Bank Ltd. 5.17Kotak Mahindra Bank Ltd. 3.27Axis Bank Ltd. 3.09State Bank of India 2.59

IndusInd Bank Ltd. 0.79

Petroleum Products 7.47Reliance Industries Ltd.# 6.53

Bharat Petroleum Corporation Ltd. 0.94

Consumer Non Durables 7.11

Hindustan Unilever Ltd. 2.11

Nestle India Ltd. 1.89

ITC Ltd. 1.78

Tata Consumer Products Ltd. 1.33

Finance 6.88

SBI Cards & Payment Services Ltd. 1.66Housing Development Finance Corporation Ltd. 1.65

Bajaj Finance Ltd. 1.31

Bajaj Finserv Ltd. 1.20

SBI Life Insurance Company Ltd. 1.06

Software 6.69Infosys Ltd. 3.26Tata Consultancy Services Ltd. 2.48

HCL Technologies Ltd. 0.95

Pharmaceuticals 5.87

Cipla Ltd. 1.67

Alkem Laboratories Ltd. 0.86

Divi'sLaboratoriesLtd. 0.86

Dr.Reddy'sLaboratoriesLtd. 0.84

Cadila Healthcare Ltd. 0.83

Sun Pharmaceutical Industries Ltd. 0.81

Auto 4.46Maruti Suzuki India Ltd. 2.69

Mahindra & Mahindra Ltd. 1.77

Construction Project 3.04Larsen & Toubro Ltd. 3.04

Name Rating /Industry

% of NAV

Telecom - Services 2.39

Bharti Airtel Ltd. 2.39

Auto Ancillaries 2.22

MRF Ltd. 1.39

Bosch Ltd. 0.83

Gas 0.93

Indraprastha Gas Ltd. 0.93

Ferrous Metals 0.89

Tata Steel Ltd. 0.89

Other Equities* 4.83

Total Equity 75.03

Foreign Securities 8.76

Apple Inc. Technology Hardware and Equipment ^^ 1.15

Amazon.Com Inc. Retailing ^^ 0.76

Microsoft Corporation Software & Services ^^ 0.68

Facebook Inc. Class A Media & Entertainment ^^ 0.62

Alphabet Inc. Class A Media & Entertainment ^^ 0.62

JPMorgan Chase & Co. Banks ^^ 0.52

Merck & Co. Inc.Pharmaceuticals Biotechnology & Life Sciences ^^

0.52

Nvidia CorporationSemiconductors & Semiconductor Equipment ^^

0.52

Home Depot Inc. Retailing ^^ 0.51

Nike Inc. Class B Consumer Durables & Apparel ^^ 0.51

Johnson & JohnsonPharmaceuticals Biotechnology & Life Sciences ^^

0.51

Paypal Holdings Inc. Software & Services ^^ 0.49

Mastercard Incorporated Class A

Software & Services ^^ 0.47

Thermo Fisher Scientific Inc.Pharmaceuticals Biotechnology & Life Sciences ^^

0.45

Colgate-Palmolive Company

Household & Personal Products ^^ 0.43

TREPS / Reverse Repo Investments

14.88

TREPS 14.88

Cash & Cash Equivalents 1.33

Net Assets 100.00

Top 10 Equity Holdings * Holding less than 0.75%# Partly Paid Right

11

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.



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 Oct 31, 2020) (% of NAV)

Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.48% risk free rate of return (1 days - MIBOR Rate As on October 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 October 31, 2020). # Weighted Average TER for the month, includes GST on management fees.


Period Principal Emerging Bluechip Fund

NIFTY Large Midcap 250 Index - TRI



Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-10-2019 to 30-10-2020) 4.24 10423.96 2.22 10221.81 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) 0.42 10127.80 2.13 10652.73 5.37 11697.985 Years (30-10-2015 to 30-10-2020) 10.14 16212.83 9.13 15486.84 8.98 15378.10Since Inception (12-11-2008 to 30-10-2020) 22.19 110150.00 16.04 59360.14 13.85 47235.04Different 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.Please refer page 32 for annexure of returns for all scheme managed by the fund manager.



Asset Under Managment (` Cr) MAAUM: 2,136.80

AUM: 2,120.00 `

Fund Manager DetailsName: Ravi Gopalakrishnan

Managing Since: October 2019Total Experience: 26 years


Regular Plan - 2.09 %`

Industry Allocation (As on October 31, 2020) (% of NAV)

Banks 14.47% Finance 12.22% Software 8.99% Pharmaceuticals 8.14% Chemicals 7.43% Consumer Durables 7.39% Industrial Products 6.51% Auto Ancillaries 5.69% Petroleum Products 5.35% Consumer Non Durables 5.29% Cement 2.96% Healthcare Services 2.03% Auto 1.99% Retailing 1.94% Construction Project 1.67% Transportation 1.52% Pesticides 1.42% Gas 1.17% Textile Products 0.98% Telecom - Services 0.96% Construction 0.82% Media & Entertainment 0.31%

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.


Name % of NAV% to Net

Assets Derivatives

Banks 13.31HDFC Bank Ltd. 5.89ICICI Bank Ltd. 3.81Axis Bank Ltd. 1.88Kotak Mahindra Bank Ltd. 1.73Finance 11.70Bajaj Finance Ltd. 2.04Max Financial Services Ltd. 1.71Mahindra & Mahindra Financial Services Ltd. 1.49Housing Development Finance Corporation Ltd. 1.39

Bajaj Finserv Ltd. 1.29SBI Cards & Payment Services Ltd. 1.20Muthoot Finance Ltd. 0.91Computer Age Management Services Ltd. 0.86

SBI Life Insurance Company Ltd. 0.81Software 8.99Infosys Ltd. 3.89Tata Consultancy Services Ltd. 2.02Mphasis Ltd. 1.18HCL Technologies Ltd. 1.09Wipro Ltd. 0.81Pharmaceuticals 8.14Divi'sLaboratoriesLtd. 3.18IPCA Laboratories Ltd. 1.72Torrent Pharmaceuticals Ltd. 1.63Natco Pharma Ltd. 1.61Chemicals 7.43Navin Fluorine International Ltd. 2.39Atul Ltd. 1.86Fine Organic Industries Ltd. 1.76Rossari Biotech Ltd. 1.42Consumer Durables 6.90Dixon Technologies (India) Ltd. 3.31Voltas Ltd. 1.36Relaxo Footwears Ltd. 1.21Bata India Ltd. 1.02Industrial Products 6.46AIA Engineering Ltd. 2.20Astral Poly Technik Ltd. 1.17Mold-Tek Packaging Ltd. 1.08SRF Ltd. 1.01SKF India Ltd. 1.00


Assets Derivatives

Petroleum Products 5.35Reliance Industries Ltd. 5.35Consumer Non Durables 4.56Jubilant Foodworks Ltd. 2.22Varun Beverages Ltd. 1.27Tata Consumer Products Ltd. 1.07Auto Ancillaries 4.39Balkrishna Industries Ltd. 1.87MRF Ltd. 1.33Exide Industries Ltd. 1.19Cement 2.96Shree Cement Ltd. 1.51Ultratech Cement Ltd. 1.45Healthcare Services 2.03Dr. Lal Path labs Ltd. 2.03Construction Project 1.67Larsen & Toubro Ltd. 1.67Transportation 1.52TCI Express Ltd. 1.52Auto 1.51Maruti Suzuki India Ltd. 1.51Pesticides 1.42PI Industries Ltd. 1.42Retailing 1.41Avenue Supermarts Ltd. 1.41Gas 1.17Gujarat State Petronet Ltd. 1.17Textile Products 0.98Page Industries Ltd. 0.98Telecom - Services 0.96Bharti Airtel Ltd. 0.96Construction 0.82Kajaria Ceramics Ltd. 0.82Other Equities* 5.57 Total Equity 99.25 DERIVATIVESFutures - National Stock Exchange of India Ltd. -1.38

Treasury Bills 0.06 182 DAY T-BILL Sovereign 0.06 TREPS / Reverse Repo Investments 0.33 TREPS 0.33 Cash & Cash Equivalents 0.36 Net Assets 100.00

Ratios & Other Details (As on October 30, 2020)Standard Deviation^ (Annualised): 22.08%Beta^ : 0.96Sharpe Ratio^ (Annualised) : -0.02 Portfolio Turnover Ratio**: 0.49

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.


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

Benchmark: NIFTY Large Midcap 250 Index - TRI

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



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)

12

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

% to Net Assets

Derivatives

Banks 18.43HDFC Bank Ltd. 8.09ICICI Bank Ltd. 4.21Kotak Mahindra Bank Ltd. 2.95

Axis Bank Ltd. 1.94

State Bank of India 1.24

Finance 13.20Housing Development Finance Corporation Ltd. 3.56


Can Fin Homes Ltd. 1.54

Max Financial Services Ltd. 1.51


SBI Cards & Payment Services Ltd. 1.15

Muthoot Finance Ltd. 0.95Computer Age Management Services Ltd. 0.86


Coforge Ltd. 1.19

Wipro Ltd. 0.81

Petroleum Products 9.09Reliance Industries Ltd. 9.09

Pharmaceuticals 6.40Divi'sLaboratoriesLtd. 2.61

Abbott India Ltd. 1.73

Syngene International Ltd. 1.25


Consumer Durables 5.27

Dixon Technologies (India) Ltd. 1.83

Orient Electric Ltd. 1.39

Relaxo Footwears Ltd. 1.04

Whirlpool of India Ltd. 1.01


Balkrishna Industries Ltd. 1.37

CEAT Ltd. 1.19

MRF Ltd. 0.92

Motherson Sumi Systems Ltd. 0.83

Consumer Non Durables 4.10


Name % of NAV

% to Net Assets

Derivatives

ITC Ltd. 1.08

Jubilant Foodworks Ltd. 0.86

Cement 3.73

JK Cement Ltd. 1.44

Ultratech Cement Ltd. 1.34

Shree Cement Ltd. 0.95

Chemicals 3.44

Rossari Biotech Ltd. 1.48

Atul Ltd. 1.11

Aarti Industries Ltd. 0.85

Auto 3.16

Maruti Suzuki India Ltd. 2.09



Pesticides 2.32

PI Industries Ltd. 1.27

Bayer Cropscience Ltd. 1.05

Industrial Products 2.04

Timken India Ltd. 1.05

Astral Poly Technik Ltd. 0.99

Retailing 1.53

Avenue Supermarts Ltd. 1.53



Transportation 1.41

TCI Express Ltd. 1.41

Fertilisers 1.05

Coromandel International Ltd. 1.05


Total Equity 99.04

DERIVATIVESFutures - National Stock Exchange of India Ltd. -1.76

Treasury Bills 0.06

182 DAY T-BILL Sovereign 0.06

TREPS / Reverse Repo Investments 0.09

TREPS 0.09


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.







AUM: 646.02


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 October 30, 2020)Standard Deviation^ (Annualised): 21.04%Beta^ : 0.96Sharpe Ratio^ (Annualised) : -0.12 Portfolio Turnover Ratio**: 0.59

Fund Manager DetailsName: Ravi Gopalakrishnan & Siddarth Mohta

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





Banks 18.43% Finance 13.87% Software 12.59% Petroleum Products 9.09% Pharmaceuticals 7.03% Consumer Durables 5.27% Auto Ancillaries 4.31% Consumer Non Durables 4.10% Cement 3.73% Chemicals 3.44%


Period Principal Multi Cap Growth Fund

Nifty 500 Index - TRI(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-10-2019 to 30-10-2020) -0.36 9963.62 -0.12 9987.94 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) -1.45 9572.40 2.73 10841.23 5.37 11697.985 Years (30-10-2015 to 30-10-2020) 8.01 14707.31 8.54 15069.06 8.98 15378.10Since Inception (25-10-2000 to 30-10-2020) 14.07 139690.00 14.62 153789.36 13.67 130100.98Different 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.Please refer page 32 for annexure of returns for all scheme managed by the fund manager.



13

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: 399.64


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 October 30, 2020)Standard Deviation^ (Annualised): 18.30%Beta^ : 0.84Sharpe Ratio^ (Annualised) : 0.11 Portfolio Turnover Ratio** : 0.70






Banks 16.05% Finance 14.39% Software 8.78% Petroleum Products 8.73% Chemicals 6.21% Consumer Non Durables 5.60% Consumer Durables 5.46% Industrial Products 5.01% Pharmaceuticals 4.75% Cement 3.03%


Period Principal Focused Multicap Fund

S&P BSE 250 Large Midcap - TRI



Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-10-2019 to 30-10-2020) 1.46 10145.99 -0.04 9995.66 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) 3.83 11193.10 3.80 11184.83 5.37 11697.985 Years (30-10-2015 to 30-10-2020) 8.14 14793.66 9.06 15434.45 8.98 15378.10Since Inception (11-11-2005 to 30-10-2020) 13.67 68110.00 12.18 55919.09 12.04 54914.29Different 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.Please refer page 32 for annexure of returns for all scheme managed by the fund manager.

Top 10 Equity Holdings

Name % of NAV

Banks 16.05HDFC Bank Ltd. 8.07ICICI Bank Ltd. 5.96State Bank of India 2.02Finance 14.39Housing Development Finance Corporation Ltd. 4.97Bajaj Finserv Ltd. 4.39Max Financial Services Ltd. 1.85SBI Cards & Payment Services Ltd. 1.83Cholamandalam Investment & Finance Co. Ltd. 1.35Software 8.78Infosys Ltd. 6.32HCL Technologies Ltd. 2.46Petroleum Products 8.73Reliance Industries Ltd. 8.73Chemicals 6.21Navin Fluorine International Ltd. 4.43Rossari Biotech Ltd. 1.78Consumer Non Durables 5.60Nestle India Ltd. 5.60Consumer Durables 5.46Whirlpool of India Ltd. 2.09Relaxo Footwears Ltd. 1.81Dixon Technologies (India) Ltd. 1.56Industrial Products 5.01AIA Engineering Ltd. 2.68Astral Poly Technik Ltd. 2.33Pharmaceuticals 4.75Abbott India Ltd. 2.24Alkem Laboratories Ltd. 1.30Syngene International Ltd. 1.21Cement 3.03Shree Cement Ltd. 3.03Construction Project 2.62Larsen & Toubro Ltd. 2.62Telecom - Services 2.59Bharti Airtel Ltd. 2.59Auto 2.53Maruti Suzuki India Ltd. 2.53Retailing 2.39Avenue Supermarts Ltd. 2.39Auto Ancillaries 1.86MRF Ltd. 1.86Industrial Capital Goods 1.18Bharat Electronics Ltd. 1.18Pesticides 1.16PI Industries Ltd. 1.16Total Equity 92.34Treasury Bills 0.06 182 DAY T-BILL Sovereign 0.06 TREPS / Reverse Repo Investments 7.29 TREPS 7.29 Cash & Cash Equivalents 0.31 Net Assets 100.00

14

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. Other ratios are not given as scheme has not completed 3 years.** 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 October 31, 2020).





RWP- ` 500§



AUM: 211.16


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



`


Chemicals 15.54% Software 12.53% Finance 10.55% Consumer Durables 9.41% Cement 5.52% Industrial Products 5.26% Auto Ancillaries 5.12%

Pharmaceuticals 4.43%

Pesticides 4.22% Transportation 3.48%


Name % of NAV

Chemicals 15.54Navin Fluorine International Ltd. 2.98Alkyl Amines Chemicals Ltd. 2.81Neogen Chemicals Ltd. 2.56Fine Organic Industries Ltd. 2.41Galaxy Surfactants Ltd. 2.27Rossari Biotech Ltd. 1.38Solar Industries India Ltd. 1.13Software 12.53Tata Elxsi Ltd. 2.79Persistent Systems Ltd. 2.58NIIT Ltd. 1.66Mastek Ltd. 1.54Birlasoft Ltd. 1.10KPIT Technologies Ltd. 1.03Info Edge (India) Ltd. 0.97Cyient Ltd. 0.86Finance 10.55Can Fin Homes Ltd. 2.16Multi Commodity Exchange of India Ltd. 1.32Indian Energy Exchange Ltd. 1.21Bajaj Finance Ltd. 1.20SBI Life Insurance Company Ltd. 1.00Max Financial Services Ltd. 0.96Muthoot Finance Ltd. 0.96Computer Age Management Services Ltd. 0.92Mahindra & Mahindra Financial Services Ltd. 0.82Consumer Durables 8.89Dixon Technologies (India) Ltd. 2.29Orient Electric Ltd. 1.96Blue Star Ltd. 1.81Amber Enterprises India Ltd. 1.67VIP Industries Ltd. 1.16Cement 5.52JK Cement Ltd. 2.09Birla Corporation Ltd. 1.79JK Lakshmi Cement Ltd. 1.64Industrial Products 5.20Timken India Ltd. 2.06Mold-Tek Packaging Ltd. 1.37Astral Poly Technik Ltd. 0.91Cosmo Films Ltd. 0.86Auto Ancillaries 5.12CEAT Ltd. 2.38Subros Ltd. 1.73Balkrishna Industries Ltd. 1.01Pharmaceuticals 4.43Divi'sLaboratoriesLtd. 1.41

Name % of NAV

IPCA Laboratories Ltd. 1.10Alkem Laboratories Ltd. 0.96Syngene International Ltd. 0.96Pesticides 4.22Rallis India Ltd. 1.91Bayer Cropscience Ltd. 1.37PI Industries Ltd. 0.94Transportation 3.48TCI Express Ltd. 1.97Transport Corporation of India Ltd. 1.51Auto 2.83Hero MotoCorp Ltd. 1.02Maruti Suzuki India Ltd. 0.96Escorts Ltd. 0.85Construction 2.72Cera Sanitaryware Ltd. 1.50KNR Constructions Ltd. 1.22Ferrous Metals 2.47Tata Steel BSL Ltd. 1.46Kirloskar Ferrous Industries Ltd. 1.01Banks 2.10HDFC Bank Ltd. 1.12ICICI Bank Ltd. 0.98Fertilisers 1.98Chambal Fertilisers and Chemicals Ltd. 1.18Coromandel International Ltd. 0.80Petroleum Products 1.06Reliance Industries Ltd. 1.06Engineering Services 1.00Rites Ltd. 1.00Textiles - Cotton 0.92Vardhman Textiles Ltd. 0.92Construction Project 0.86Ircon International Ltd. 0.86Consumer Non Durables 0.82Jubilant Foodworks Ltd. 0.82Textile Products 0.77Siyaram Silk Mills Ltd. 0.77Other Equities* 1.59 Total Equity 94.60 Treasury Bills 0.05 182 DAY T-BILL Sovereign 0.05 TREPS / Reverse Repo Investments 5.78 TREPS 5.78 Cash & Cash Equivalents -0.43Net Assets 100.00

Top 10 Equity Holdings * Holding less than 0.75%


Period Principal Small Cap Fund - Regular Plan - Growth

Nifty SmallCap 100 Index





1 Year (30-10-2019 to 30-10-2020) 17.21 11721.07 2.35 10235.23 -0.98 9902.13Since Inception (13-05-2019 to 30-10-2020) 12.25 11850.00 -1.90 9722.39 4.42 10655.68Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager. 3, 5 years performance of Principal Small Cap Fund is not given as the scheme have not been in existence for 3, 5 years.

Other Details (As on Oct 31, 2020)Portfolio Turnover Ratio** : 0.89

15

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.





RWP- ` 500§



AUM: 265.63


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



`


Finance 11.25% Banks 10.35% Pharmaceuticals 9.08% Consumer Durables 7.01% Auto Ancillaries 6.63% Industrial Products 6.46% Consumer Non Durables 6.28%

Chemicals 5.06%

Pesticides 4.77% Auto 4.50%

Market Cap Allocation (As on Oct 31, 2020) (% of NAV) Note: Performance of Principal Midcap Fund is not given as the scheme has not completed 1 year.

Name % of NAV

% to Net Assets

DerivativesFinance 11.25Max Financial Services Ltd. 2.65Can Fin Homes Ltd. 1.98Mahindra & Mahindra Financial Services Ltd. 1.82Cholamandalam Investment & Finance Co. Ltd. 1.74

Muthoot Finance Ltd. 1.25Computer Age Management Services Ltd. 0.96

UTI Asset Management Co Ltd 0.85Banks 10.35The Federal Bank Ltd. 2.66ICICI Bank Ltd. 1.94State Bank of India 1.87City Union Bank Ltd. 1.87HDFC Bank Ltd. 1.03RBL Bank Ltd. 0.98Pharmaceuticals 9.08IPCA Laboratories Ltd. 3.15Abbott India Ltd. 1.68Syngene International Ltd. 1.22Natco Pharma Ltd. 1.17Alkem Laboratories Ltd. 0.93Divi'sLaboratoriesLtd. 0.93Consumer Durables 7.01Whirlpool of India Ltd. 2.00Voltas Ltd. 1.72Amber Enterprises India Ltd. 1.19Relaxo Footwears Ltd. 1.12Bata India Ltd. 0.98Auto Ancillaries 6.63MRF Ltd. 2.10Subros Ltd. 1.72Balkrishna Industries Ltd. 1.65CEAT Ltd. 1.16Industrial Products 6.09AIA Engineering Ltd. 2.30Astral Poly Technik Ltd. 1.48SKF India Ltd. 1.27SRF Ltd. 1.04Consumer Non Durables 5.11Jubilant Foodworks Ltd. 2.49Tata Consumer Products Ltd. 1.66Nestle India Ltd. 0.96Chemicals 5.06Atul Ltd. 1.99Rossari Biotech Ltd. 1.47Solar Industries India Ltd. 0.82Aarti Industries Ltd. 0.78

Name % of NAV

% to Net Assets

DerivativesPesticides 4.77PI Industries Ltd. 2.67Bayer Cropscience Ltd. 2.10Auto 4.02Ashok Leyland Ltd. 1.92TVS Motor Company Ltd. 1.29Escorts Ltd. 0.81Cement 3.39ACC Ltd. 1.35The Ramco Cements Ltd. 1.24JK Cement Ltd. 0.80Software 3.29MindTree Ltd. 2.02Mphasis Ltd. 1.27Power 3.04Torrent Power Ltd. 3.04Gas 2.13Gujarat Gas Ltd. 1.20Gujarat State Petronet Ltd. 0.93Ferrous Metals 2.00Tata Steel BSL Ltd. 2.00Telecom - Services 1.95Bharti Airtel Ltd. 1.95Petroleum Products 1.93Bharat Petroleum Corporation Ltd. 1.01Reliance Industries Ltd.# 0.92Textile Products 1.91Page Industries Ltd. 1.91Construction 1.88Kajaria Ceramics Ltd. 1.88Industrial Capital Goods 1.66Honeywell Automation India Ltd. 1.66Retailing 1.21Trent Ltd. 1.21Construction Project 1.18Larsen & Toubro Ltd. 1.18Other Equities* 3.65 Total Equity 98.59 DERIVATIVESFutures - National Stock Exchange of India Ltd. -0.26

Treasury Bills 0.06 182 DAY T-BILL Sovereign 0.06 TREPS / Reverse Repo Investments 1.17 TREPS 1.17 Cash & Cash Equivalents 0.18 Net Assets 100.00

Top 10 Equity Holdings * Holding less than 0.75%# Partly Paid Right

16

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: 165.94


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 October 30, 2020)Standard Deviation^ (Annualised): 18.39%Beta^ : 1.06Sharpe Ratio^ (Annualised) : 0.02 Portfolio Turnover Ratio** : 0.13






Software 18.43% Consumer Non Durables 15.51% Banks 10.55% Petroleum Products 9.90% Chemicals 9.33% Auto 7.96% Cement 4.63% Industrial Products 4.08% Auto Ancillaries 3.39% Gas 3.22%


Period Principal Dividend Yield Fund

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


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-10-2019 to 30-10-2020) 2.68 10267.77 -5.77 9423.18 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) 2.17 10665.64 0.58 10174.48 5.37 11697.985 Years (30-10-2015 to 30-10-2020) 9.95 16074.01 7.97 14679.49 8.98 15378.10Since Inception (15-10-2004 to 30-10-2020) 11.28 55600.00 NA NA 13.78 79426.35Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager.



Name % of NAV

Software 18.43Tata Consultancy Services Ltd. 7.50Infosys Ltd. 6.90Tech Mahindra Ltd. 2.31HCL Technologies Ltd. 1.72Consumer Non Durables 15.51Hindustan Unilever Ltd. 4.93ITC Ltd. 4.04Colgate Palmolive (India) Ltd. 2.55VST Industries Ltd. 2.21Bannari Amman Sugars Ltd. 0.90Britannia Industries Ltd. 0.88Banks 10.55ICICI Bank Ltd. 4.00HDFC Bank Ltd. 3.84Kotak Mahindra Bank Ltd. 1.40State Bank of India 1.31Petroleum Products 9.63Reliance Industries Ltd. 7.14Hindustan Petroleum Corporation Ltd. 2.49Chemicals 9.33Navin Fluorine International Ltd. 3.79Aarti Industries Ltd. 2.17Fine Organic Industries Ltd. 2.10Rossari Biotech Ltd. 1.27Auto 7.96Bajaj Auto Ltd. 3.45Maruti Suzuki India Ltd. 1.68Ashok Leyland Ltd. 1.54Mahindra & Mahindra Ltd. 1.29Cement 4.63Ultratech Cement Ltd. 4.63

Name % of NAV

Industrial Products 4.08AIA Engineering Ltd. 2.24SRF Ltd. 1.84Auto Ancillaries 3.39CEAT Ltd. 1.38Balkrishna Industries Ltd. 1.01Exide Industries Ltd. 1.00Gas 3.22Gujarat Gas Ltd. 3.22Telecom - Services 2.35Bharti Airtel Ltd. 2.35Ferrous Metals 2.23Tata Steel Ltd. 2.23Non - Ferrous Metals 1.37Hindustan Zinc Ltd. 1.37Consumer Durables 1.06Sheela Foam Ltd. 1.06Finance 1.01Bajaj Finserv Ltd. 1.01Fertilisers 0.96Coromandel International Ltd. 0.96Construction Project 0.88Larsen & Toubro Ltd. 0.88Other Equities* 2.11 Total Equity 98.70 Treasury Bills 0.06 182 DAY T-BILL Sovereign 0.06 TREPS / Reverse Repo Investments 1.44 TREPS 1.44 Cash & Cash Equivalents -0.20Net Assets 100.00

17

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 25.18HDFC Bank Ltd. 8.29ICICI Bank Ltd. 7.65Kotak Mahindra Bank Ltd. 3.57State Bank of India 2.89Axis Bank Ltd. 2.78

Consumer Non Durables 9.82Hindustan Unilever Ltd. 2.44


United Spirits Ltd. 1.99

ITC Ltd. 1.98



Tech Mahindra Ltd. 1.17


Hindustan Petroleum Corporation Ltd. 1.82




Cipla Ltd. 1.86


IPCA Laboratories Ltd. 1.17


Finance 4.19

Housing Development Finance Corporation Ltd. 1.97


HDFC Asset Management Company Ltd. 0.78


Auto 2.49



Name % of NAV

Power 2.44

Torrent Power Ltd. 1.37

NTPC Ltd. 1.07



Chemicals 2.22


Atul Ltd. 0.82


MRF Ltd. 2.12


AIA Engineering Ltd. 0.83


Textile Products 1.21

Page Industries Ltd. 1.21

Ferrous Metals 1.20

Tata Steel BSL Ltd. 1.20



Gas 0.81

Petronet LNG Ltd. 0.81

Cement 0.79


Pesticides 0.78



Total Equity 96.76

Treasury Bills 0.06



TREPS 1.40


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: 408.22


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 October 30, 2020)Standard Deviation^ (Annualised): 21.20%Beta^ : 0.97Sharpe Ratio^ (Annualised) : -0.12 Portfolio Turnover Ratio** : 1.07

Fund Manager DetailsName: Sudhir Kedia





Banks 25.66% Software 10.39% Consumer Non Durables 9.82% Petroleum Products 8.55% Pharmaceuticals 7.79% Finance 5.92% Auto Ancillaries 3.32% Construction Project 3.28% Auto 3.16% Power 2.44%


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 (30-10-2019 to 30-10-2020) 0.92 10092.27 -0.12 9987.94 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) -1.45 9572.18 2.73 10841.23 5.37 11697.985 Years (30-10-2015 to 30-10-2020) 7.97 14676.66 8.54 15069.06 8.98 15378.10Since Inception (31-03-1996 to 30-10-2020) 14.98 310177.21 12.76 191852.09 11.88 158347.31Different 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.Please refer page 32 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.


Top 10 Equity Holdings* Holding less than 0.75%# Partly Paid Right shares

18

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 25.62HDFC Bank Ltd. 8.38ICICI Bank Ltd. 7.74Kotak Mahindra Bank Ltd. 3.62State Bank of India 3.03Axis Bank Ltd. 2.85



ITC Ltd. 2.02

United Spirits Ltd. 2.02



Tech Mahindra Ltd. 1.20


Hindustan Petroleum Corporation Ltd. 1.88




Cipla Ltd. 1.87








Auto 2.52



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: 241.04



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 October 30, 2020)Standard Deviation^ (Annualised): 21.61%Beta^ : 0.99Sharpe Ratio^ (Annualised) : -0.13 Portfolio Turnover Ratio** : 1.04

Fund Manager DetailsName: Sudhir Kedia



Regular Plan - 2.54 %


Banks 25.89% Software 10.45% Consumer Non Durables 9.94% Petroleum Products 8.69% Pharmaceuticals 7.93% Finance 6.01% Construction Project 3.46% Auto 3.19% Auto Ancillaries 2.99% Power 2.50%


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 (30-10-2019 to 30-10-2020) 0.57 10057.19 -0.12 9987.94 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) -1.74 9486.76 2.73 10841.23 5.37 11697.985 Years (30-10-2015 to 30-10-2020) 4.75 12615.51 8.54 15069.06 8.98 15378.10Since Inception (31-03-1996 to 30-09-2020) 17.84 567818.47 12.76 191852.09 11.88 158347.31Different 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.Please refer page 32 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 NAVPower 2.50

Torrent Power Ltd. 1.37

NTPC Ltd. 1.13



Chemicals 2.24


Atul Ltd. 0.83


MRF Ltd. 2.12


AIA Engineering Ltd. 0.84


Textile Products 1.24

Page Industries Ltd. 1.24

Ferrous Metals 1.21




Gas 0.82

Petronet LNG Ltd. 0.82

Cement 0.82


Construction 0.77

Kajaria Ceramics Ltd. 0.77

Pesticides 0.75



Total Equity 97.67

Treasury Bills 0.06



TREPS 1.30


Net Assets 100.00


Top 10 Equity Holdings* Holding less than 0.75%# Partly Paid Right shares

19

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 13.94Asian Paints Ltd. 1.11Colgate Palmolive (India) Ltd. 1.11Berger Paints India Ltd. 1.08Nestle India Ltd. 1.07Dabur India Ltd. 1.04Procter & Gamble Hygiene and Health Care Ltd. 1.03Hindustan Unilever Ltd. 0.99Marico Ltd. 0.96Godrej Consumer Products Ltd. 0.94Tata Consumer Products Ltd. 0.93ITC Ltd. 0.93Britannia Industries Ltd. 0.93United Spirits Ltd. 0.93United Breweries Ltd. 0.89Finance 13.71Muthoot Finance Ltd. 1.13Housing Development Finance Corporation Ltd. 1.12HDFC Asset Management Company Ltd. 1.02HDFC Life Insurance Company Ltd. 1.01Bajaj Finance Ltd. 0.98ICICI Lombard General Insurance Company Ltd. 0.97ICICI Prudential Life Insurance Company Ltd. 0.96SBI Cards & Payment Services Ltd. 0.96Bajaj Finserv Ltd. 0.95Power Finance Corporation Ltd. 0.94Piramal Enterprises Ltd. 0.94General Insurance Corporation Of India 0.93SBI Life Insurance Company Ltd. 0.91Bajaj Holdings & Investment Ltd. 0.89Pharmaceuticals 10.26Cadila Healthcare Ltd. 1.02Abbott India Ltd. 0.97Divi'sLaboratoriesLtd. 0.96Cipla Ltd. 0.95Dr.Reddy'sLaboratoriesLtd. 0.93Alkem Laboratories Ltd. 0.93Sun Pharmaceutical Industries Ltd. 0.92Aurobindo Pharma Ltd. 0.92Torrent Pharmaceuticals Ltd. 0.91Biocon Ltd. 0.90Lupin Ltd. 0.85Banks 9.23Kotak Mahindra Bank Ltd. 1.22Axis Bank Ltd. 1.13HDFC Bank Ltd. 1.12ICICI Bank Ltd. 1.07State Bank of India 1.00IndusInd Bank Ltd. 0.97Bandhan Bank Ltd. 0.97Bank of Baroda 0.93Punjab National Bank 0.82Software 8.55Larsen & Toubro Infotech Ltd. 1.10Wipro Ltd. 1.10Tata Consultancy Services Ltd. 1.09Oracle Financial Services Software Ltd. 1.07Infosys Ltd. 1.07HCL Technologies Ltd. 1.06Info Edge (India) Ltd. 1.03Tech Mahindra Ltd. 1.03Cement 5.70Ambuja Cements Ltd. 1.19ACC Ltd. 1.18Ultratech Cement Ltd. 1.16

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 3.48% risk free rate of return (1 days - MIBOR Rate As on October 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 October 31, 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-Oct-2020)






AUM: 17.16


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 October 30, 2020)Standard Deviation^ (Annualised): 21.50%Beta^ : 1.00Sharpe Ratio^ (Annualised) : -0.13Portfolio Turnover Ratio**: 0.40Tracking Deviation*: 0.69%

Fund Manager DetailsName: Rajat Jain

Managing Since: August 2015Total Experience: 31 years




Consumer Non Durables 13.94% Finance 13.71% Pharmaceuticals 10.26% Banks 9.23% Software 8.55% Cement 5.70% Auto 5.65% Power 4.37% Petroleum Products 3.74% Transportation 3.04%


Period Principal Nifty 100 Equal Weight Fund

Nifty 100 Equal Weight - TRI



Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-10-2019 to 30-10-2020) -6.30 9370.42 -3.63 9636.93 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) -1.70 9497.93 -2.07 9391.14 5.37 11697.985 Years (30-10-2015 to 30-10-2020) 4.11 12232.89 6.04 13410.79 8.98 15378.10Since Inception (27-07-1999 to 30-10-2020) 9.43 68038.50 NA NA 12.35 119019.88Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager.

Name % of NAVShree Cement Ltd. 1.11Grasim Industries Ltd. 1.06Auto 5.65Maruti Suzuki India Ltd. 1.02Eicher Motors Ltd. 0.97Bajaj Auto Ltd. 0.93Mahindra & Mahindra Ltd. 0.92Tata Motors Ltd. 0.91Hero MotoCorp Ltd. 0.90Power 4.37Adani Green Energy Ltd. 1.30Adani Transmission Ltd. 1.13Power Grid Corporation of India Ltd. 1.00NTPC Ltd. 0.94Petroleum Products 3.74Indian Oil Corporation Ltd. 0.99Hindustan Petroleum Corporation Ltd. 0.97Reliance Industries Ltd. 0.92Bharat Petroleum Corporation Ltd. 0.86Transportation 3.04Adani Ports and Special Economic Zone Ltd. 1.02Container Corporation of India Ltd. 1.01Interglobe Aviation Ltd. 1.01Gas 2.88Petronet LNG Ltd. 1.02Indraprastha Gas Ltd. 0.94GAIL (India) Ltd. 0.92Ferrous Metals 2.13JSW Steel Ltd. 1.09Tata Steel Ltd. 1.04Consumer Durables 2.09Havells India Ltd. 1.08Titan Company Ltd. 1.01Non - Ferrous Metals 1.95Hindustan Zinc Ltd. 0.98Hindalco Industries Ltd. 0.97Minerals/Mining 1.86NMDC Ltd. 0.93Coal India Ltd. 0.93Auto Ancillaries 1.77Bosch Ltd. 0.89Motherson Sumi Systems Ltd. 0.88Chemicals 1.09Pidilite Industries Ltd. 1.09Retailing 1.05Avenue Supermarts Ltd. 1.05Construction Project 1.05Larsen & Toubro Ltd. 1.05Industrial Capital Goods 1.05Siemens Ltd. 1.05Construction 1.00DLF Ltd. 1.00Telecom - Equipment & Accessories 0.90Bharti Infratel Ltd. 0.90Telecom - Services 0.88Bharti Airtel Ltd. 0.88Oil 0.88Oil & Natural Gas Corporation Ltd. 0.88Pesticides 0.86UPL Ltd. 0.86Total Equity 99.63Treasury Bills 0.06 182 DAY T-BILL Sovereign 0.06 TREPS / Reverse Repo Investments 0.19 TREPS 0.19 Cash & Cash Equivalents 0.12 Net Assets 100.00



21

Principal Balanced Advantage Fund(Erstwhile Principal SMART Equity Fund)

(An Open-ended dynamic asset allocation fund)

Investment Objective: The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of 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


% to Net Assets

% to Net Assets

Deriva-tives

Banks 16.20 -12.20ICICI Bank Ltd. 4.71 -4.70Axis Bank Ltd. 3.34 -3.00State Bank of India 3.27 -2.97HDFC Bank Ltd. 2.42IndusInd Bank Ltd. 1.53 -1.53Kotak Mahindra Bank Ltd. 0.93Software 10.52 -7.67Infosys Ltd. 4.61 -3.04Tata Consultancy Services Ltd. 3.65 -2.37Tech Mahindra Ltd. 2.26 -2.26Pharmaceuticals 6.37 -5.59Divi'sLaboratoriesLtd. 2.79 -2.00Dr.Reddy'sLaboratoriesLtd. 2.30 -2.31Cipla Ltd. 1.28 -1.28Petroleum Products 6.06 -4.31Reliance Industries Ltd. 5.07 -3.32Hindustan Petroleum Corporation Ltd. 0.99 -0.99Auto 4.07 -3.20Tata Motors Ltd. 2.24 -2.25Maruti Suzuki India Ltd. 1.31 -0.71Mahindra & Mahindra Ltd. 0.52 -0.24Finance 3.05 -1.87Housing Development Finance Corporation Ltd. 2.65 -1.76

Max Financial Services Ltd. 0.40 -0.11Telecom - Services 2.52 -1.86Bharti Airtel Ltd. 2.52 -1.86Cement 2.51 -2.45Grasim Industries Ltd. 1.55 -1.55Ultratech Cement Ltd. 0.66 -0.60ACC Ltd. 0.30 -0.30Consumer Non Durables 1.74 -1.68Hindustan Unilever Ltd. 1.52 -1.49


Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV16-Oct-20 0.0662 13.2500 0.0753 15.070017-Sep-20 0.0661 13.3000 0.0750 15.110017-Aug-20 0.0661 13.1900 0.0750 14.970017-Jul-20 0.0653 13.0900 0.0740 14.8500Past 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: 138.13


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.

Month End Quants of the Debt Portfolio (As on October 31, 2020)Average Maturity: 1.27 yearsModified Duration: 1.11 yearsGross Yield to Maturity: 4.44%Ratios & Other Details (As on October 30, 2020)Standard Deviation^ (Annualised): 7.53%Beta^ : 0.68Sharpe Ratio^ (Annualised) : 0.04 Portfolio Turnover Ratio** : 5.80 Equity : 0.88 Debt : 0.53 Derivatives : 4.39

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 October 31, 2020) (% of NAV)

Banks 16.20% Software 10.82% Pharmaceuticals 7.49% Petroleum Products 6.06% Finance 5.48% Auto 4.07% Cement 3.24% Telecom - Services 2.52% Consumer Non Durables 2.00% Consumer Durables 1.77%


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 (30-10-2019 to 30-10-2020) 5.33 10532.69 4.23 10422.69 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) 3.55 11102.60 6.43 12054.09 5.37 11697.985 Years (30-10-2015 to 30-10-2020) 5.37 12992.83 8.60 15113.39 8.98 15378.10Since Inception (16-12-2010 to 30-10-2020) 8.18 21750.00 8.77 22944.68 8.37 22119.62Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager.

Fund Details


% to Net Assets

% to Net Assets

Deriva-tives

ITC Ltd. 0.22 -0.19Construction Project 1.03 -0.51Larsen & Toubro Ltd. 1.03 -0.51Non - Ferrous Metals 0.69 -0.69Hindalco Industries Ltd. 0.69 -0.69Construction 0.30 -0.30DLF Ltd. 0.30 -0.30Media & Entertainment 0.29 -0.29Zee Entertainment Enterprises Ltd. 0.29 -0.29Other Equities* 11.96 Total Equity 67.31 -42.62BONDS & NCD 4.56 Indian Railway Finance Corporation Ltd CRISIL AAA 1.55

National Bank for Agriculture and Rural Development

CRISIL AAA 1.49

NTPC Ltd CRISIL AAA 0.79 Indian Oil Corporation Ltd CRISIL AAA 0.73 Sovereign 2.24 5.22% Government of India Sovereign 1.45 7.68% Government of India Sovereign 0.79 State Government Securities 0.80

8.25% State Government of Maharashtra Sovereign 0.80

Treasury Bills 0.42 182 DAY T-BILL Sovereign 0.42 TREPS / Reverse Repo Investments / Term Deposits Placed as Margins

10.80

Cash & Cash Equivalents 13.87 Net Assets 100.00

NET EQUITY : 24.69


Top 10 Equity Holdings * Holding less than 0.75%

22

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-Sep-20 0.2966 13.1673 0.3759 16.691717-Dec-19 0.1746 12.7363 0.0535 15.847317-Sep-19 NA NA 0.1549 15.4094Half 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: 43.47


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 October 31, 2020)Average Maturity: 387 daysModified Duration: 343 daysGross Yield to Maturity: 4.53%Portfolio Turnover Ratio** : 5.07 Equity : 1.13 Debt : 0.12 Derivatives : 3.83

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 October 31, 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: 14 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 13.95% Banks 13.73%

Consumer Non Durables 8.45%

Auto 7.53% Petroleum Products 4.11% Auto Ancillaries 3.66% Software 3.06% Chemicals 2.59% Pharmaceuticals 2.55% Consumer Durables 1.91%


Period Principal Equity Savings Fund

Nifty Equity Savings Index


CRISIL 10 Year Gilt Index(Additional Benchmark)



1 Year (30-10-2019 to 30-10-2020) 6.16 10616.25 5.20 10519.93 8.87 10887.313 Years (31-10-2017 to 30-10-2020) 4.31 11350.37 6.75 12166.00 7.53 12433.115 Years (30-10-2015 to 30-10-2020) 6.20 13514.68 7.94 14661.05 7.92 14647.43Since Inception (23-05-2002 to 30-10-2020) 7.65 38985.00 NA NA 7.00 34843.28Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager.


% of NAV

% to Net Assets

Deriva-tives

Banks 13.73 -3.26ICICI Bank Ltd. 5.34 -1.87HDFC Bank Ltd. 3.71

Kotak Mahindra Bank Ltd. 1.43

State Bank of India 1.33 -0.39

IndusInd Bank Ltd. 1.32 -0.86

Axis Bank Ltd. 0.60 -0.14

Finance 13.21 -5.59Housing Development Finance Corporation Ltd. 6.78 -5.59UTI Asset Management Co Ltd 3.94



Consumer Non Durables 8.45 -3.02United Spirits Ltd. 2.60 -1.31ITC Ltd. 2.51 -1.71


VST Industries Ltd. 0.97


Auto 6.84 -4.97Maruti Suzuki India Ltd. 5.49 -4.97

Ashok Leyland Ltd. 1.35

Petroleum Products 4.11 -2.15Reliance Industries Ltd. 3.88 -1.92

Hindustan Petroleum Corporation Ltd. 0.23 -0.23

Auto Ancillaries 3.66 -0.13

MRF Ltd. 1.61

Subros Ltd. 1.16

CEAT Ltd. 0.76

Exide Industries Ltd. 0.13 -0.13

Chemicals 2.59


Atul Ltd. 1.04

Software 2.49

Tata Consultancy Services Ltd. 1.55

Infosys Ltd. 0.94

Pharmaceuticals 1.95 -0.58



% of NAV

% to Net Assets

Deriva-tives

Divi'sLaboratoriesLtd. 0.82 -0.58

Consumer Durables 1.91Amber Enterprises India Ltd. 1.91

Telecom - Services 1.71Bharti Airtel Ltd. 1.71

Construction Project 1.15

Larsen & Toubro Ltd. 1.15

Ferrous Metals 1.14


Gas 0.95

Gujarat Gas Ltd. 0.95

Non - Ferrous Metals 0.17 -0.17

Hindalco Industries Ltd. 0.17 -0.17


Total Equity 68.30 -19.87

DERIVATIVESFutures - National Stock Exchange of India Ltd. -4.02

BONDS & NCD 9.66 Housing Development Finance Corporation Ltd CRISIL AAA 2.37

Ultratech Cement Ltd CRISIL AAA 2.36 Indian Railway Finance Corporation Ltd CRISIL AAA 1.27

NTPC Ltd CRISIL AAA 1.26

REC Ltd CRISIL AAA 1.21 National Bank for Agriculture and Rural Development [ICRA]AAA 1.19

Sovereign 1.25

7.27% Government of India Sovereign 1.25

Treasury Bills 0.43


182 DAY T-BILL Sovereign 0.09 TREPS / Reverse Repo Investments / Term Deposits Placed as Margins

16.95


Net Assets 100.00


NET EQUITY : 48.43

Top 10 Equity Holdings*Holding less than 0.75%

23

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-Aug-20 NA NA 0.0478 10.176117-Jun-20 0.0556 10.1211 0.0563 10.245415-May-20 0.0559 10.1695 0.0566 10.2900Past 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: 8.92


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 October 31, 2020)Portfolio Turnover Ratio** : 9.58 Equity : 1.46 Debt : 0.01 Derivatives : 8.12


Managing Since: April 2016Total Experience: 31 years



Industry Allocation (As on Oct 31, 2020) (% of NAV)

Pharmaceuticals 17.10% Banks 10.73% Telecom - Services 6.30% Petroleum Products 5.81% Software 5.70% Construction Project 4.58% Auto 4.24% Ferrous Metals 3.74% Media & Entertainment 3.16% Cement 2.49%


Period Principal Arbitrage Fund

Nifty 50 Arbitrage Index(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%) $PTP Returns

Returns (%)

$PTP Returns

1 Year (30-10-2019 to 30-10-2020) 2.38 10238.16 2.62 10262.15 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) 1.96 10598.12 4.67 11468.92 5.37 11697.98Since Inception (21-04-2016 to 30-10-2020) 3.12 11490.80 4.87 12401.66 10.37 15633.05Different 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. Please refer page 32 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

DerivativesPharmaceuticals 17.10 -17.14Dr.Reddy'sLaboratoriesLtd. 8.22 -8.24Aurobindo Pharma Ltd. 4.50 -4.51Sun Pharmaceutical Industries Ltd. 4.38 -4.39Banks 10.73 -10.76State Bank of India 4.45 -4.47ICICI Bank Ltd. 3.63 -3.64Axis Bank Ltd. 2.65 -2.65Telecom - Services 6.30 -6.31Bharti Airtel Ltd. 6.30 -6.31Petroleum Products 5.81 -5.83Reliance Industries Ltd. 5.81 -5.83Software 5.70 -5.71Infosys Ltd. 5.70 -5.71Construction Project 4.58 -4.51Larsen & Toubro Ltd. 4.58 -4.51Auto 4.24 -4.25Tata Motors Ltd. 4.24 -4.25Ferrous Metals 3.74 -3.74JSW Steel Ltd. 3.74 -3.74Media & Entertainment 3.16 -3.16Zee Entertainment Enterprises Ltd. 3.16 -3.16Cement 2.49 -2.49Grasim Industries Ltd. 2.49 -2.49Finance 1.29 -1.30Housing Development Finance Corporation Ltd. 1.29 -1.30Construction 1.17 -1.17DLF Ltd. 1.17 -1.17Total Equity 66.31 -66.37Treasury Bills 0.22 182 DAY T-BILL Sovereign 0.22 TREPS / Reverse Repo Investments / Term Deposits Placed as Margins 15.70


24

112

Principal Cash Management Fund

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


Dividend Update


Monthly Dividend (Last 3 Months)16-Oct-20 2.6479 1025.3723 2.6968 1025.438017-Sep-20 2.5773 1025.3017 2.6321 1025.373317-Aug-20 2.8066 1025.5310 2.8936 1025.6348Past 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 (31-10-2019 to 31-10-2020) 4.10 10411.65 4.97 10498.34 6.21 10623.253 Years (31-10-2017 to 31-10-2020) 2.85 10881.03 6.50 12083.15 6.89 12213.955 Years (30-10-2015 to 31-10-2020) 4.61 12533.08 6.77 13880.22 6.79 13898.14Since Inception (30-08-2004 to 31-10-2020) 6.70 28547.73 7.02 29972.92 6.22 26567.98Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager.


Rating Profile (As on Oct 31, 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: 173.35

AUM: 197.63


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 October 31, 2020)Average Maturity: 14 DaysModified Duration: 13 DaysGross Yield to Maturity: 3.13%Macaulay Duration: 14 Days

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




Composition By Assets (As on Oct 31, 2020) (% of NAV)

Treasury Bills 57.50% Commercial Paper 15.67% Certificate of Deposits 5.04% BONDS & NCD 1.53% Cash and Other Assets 20.26%

Name Rating % of NAV

BONDS & NCD 1.53 Housing Development Finance Corporation Ltd. CRISIL AAA 1.53 Commercial Paper 15.67 Reliance Industries Ltd. CRISIL A1+ 6.07 Kotak Mahindra Prime Ltd. CRISIL A1+ 6.06 ICICI Securities Ltd. CRISIL A1+ 3.54 Certificate of Deposits 5.04 Kotak Mahindra Bank Ltd. CRISIL A1+ 2.52 ICICI Bank Ltd. [ICRA]A1+ 2.52 Treasury Bills 57.50 91 DAY T-BILL Sovereign 27.82 91 DAY T-BILL Sovereign 13.88 364 DAY T-BILL Sovereign 7.58 182 DAY T-BILL Sovereign 5.69 182 DAY T-BILL Sovereign 2.53 TREPS / Reverse Repo Investments 42.64 TREPS 42.64 Cash & Cash Equivalents -22.38Net 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%

25

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. 23 of SID on which the concept of Macaulay’s Duration has been explained.]

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

Dividend Update


Monthly Dividend (Last 3 Months)16-Oct-20 3.3566 1062.1858 4.0320 1062.900617-Sep-20 2.0259 1060.8551 2.7495 1061.618117-Aug-20 2.1919 1061.0211 2.9498 1061.8184Past performance may or may not be sustained in the future. * On face value of ` 1,000. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.

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

Rating Profile (As on Oct 31 2020) (% of NAV)


BONDS & NCD 32.98% Sovereign 12.17% Commercial Paper 16.74% Certificate of Deposits 7.87% Treasury Bills 12.19% Cash and Other Assets 18.05%

PortfolioData As on October 31, 2020


BONDS & NCD 32.98 National Bank for Agriculture and Rural Development CRISIL AAA 6.04

LIC Housing Finance Ltd CRISIL AAA 5.59

Small Industries Development Bank of India CARE AAA 5.28

Indian Railway Finance Corporation Ltd CRISIL AAA 4.91

Reliance Industries Ltd CRISIL AAA 3.68

REC Ltd CRISIL AAA 2.27

Bajaj Finance Ltd IND AAA 1.86

Ultratech Cement Ltd CRISIL AAA 1.50

Housing Development Finance Corporation Ltd CRISIL AAA 1.47

Power Grid Corporation of India Ltd CRISIL AAA 0.38

Sovereign 12.17 7.80% Government of India Sovereign 7.46



Commercial Paper 16.74 ICICI Securities Ltd. CRISIL A1+ 7.31

Kotak Mahindra Prime Ltd. CRISIL A1+ 3.65

Housing Development Finance Corporation Ltd. CRISIL A1+ 3.59

Reliance Industries Ltd. CRISIL A1+ 2.19

Certificate of Deposits 7.87 Axis Bank Ltd. CRISIL A1+ 4.23

ICICI Bank Ltd. [ICRA]A1+ 3.64

Treasury Bills 12.19 182 DAY T-BILL Sovereign 6.71



TREPS / Reverse Repo Investments 16.64 TREPS 16.64



Period Principal Ultra Short Term Fund

Nifty Ultra Short Duration Debt Index




(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP

Returns1 Year (31-10-2019 to 29-10-2020) 4.36 10435.25 5.95 10593.13 6.23 10621.313 Years (31-10-2017 to 29-10-2020) 4.04 11261.63 7.28 12342.88 6.89 12211.725 Years (30-10-2015 to 29-10-2020) 5.35 12981.19 7.38 14279.42 6.80 13895.59Since Inception (28-12-2007 to 29-10-2020) 6.15 21530.62 8.33 27967.50 6.56 22632.21Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager.

Fund Details



AUM: 136.65


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.




Expense Ratio# (As on October 31, 2020)Direct Plan - 0.25%

Regular Plan - 1.05%`


26

(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. 24 of SID on which the concept of Macaulay’s Duration has been explained.]

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

Dividend Update


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



Fund Details



AUM: 97.32 `

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








BONDS & NCD 32.90% Certificate of Deposits 9.08% Sovereign 6.80% Treasury Bills 6.34% Commercial Paper 5.13%

State Government Securities 0.88%

Cash and Other Assets 38.87%

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 (31-10-2019 to 29-10-2020) 5.30 10528.40 7.50 10747.71 6.23 10621.313 Years (31-10-2017 to 29-10-2020) -0.03 9991.09 7.86 12546.99 6.89 12211.725 Years (30-10-2015 to 29-10-2020) 3.17 11690.67 7.98 14679.69 6.80 13895.59Since Inception (14-09-2004 to 29-10-2020) 6.33 26932.08 7.59 32539.76 6.24 26541.32Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager.

Portfolio


BONDS & NCD 32.90 REC Ltd CRISIL AAA 5.31

Housing Development Finance Corporation CRISIL AAA 4.24

LIC Housing Finance Ltd CRISIL AAA 3.69

National Housing Bank CRISIL AAA 3.21

Small Industries Development Bank of India CARE AAA 3.17

Indian Oil Corporation Ltd CRISIL AAA 3.12

NTPC Ltd CRISIL AAA 2.80

Indian Railway Finance Corporation Ltd CRISIL AAA 2.65

Bajaj Finance Ltd IND AAA 2.62

The Ramco Cements Ltd [ICRA]AA+ 2.09

Sovereign 6.80 7.00% Government of India Sovereign 5.18


State Government Securities 0.88 8.40% State Government of Gujarat Sovereign 0.88

Commercial Paper 5.13 Kotak Mahindra Prime Ltd. CRISIL A1+ 3.08

ICICI Securities Ltd. CRISIL A1+ 2.05

Certificate of Deposits 9.08 ICICI Bank Ltd. [ICRA]A1+ 5.12

Axis Bank Ltd. CRISIL A1+ 3.96

Treasury Bills 6.34 182 DAY T-BILL Sovereign 6.34

TREPS / Reverse Repo Investments 31.79 TREPS 31.79


Principal Low Duration Fund

27

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)16-Oct-20 0.1178 12.9372 0.1317 12.983517-Jul-20 0.3998 13.2192 0.4694 13.321217-May-19 0.0544 12.8738 0.0609 12.9127Past 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: 134.06 `

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


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

Benchmark: CRISIL Short-Term Bond Fund Index

Fund Manager DetailsName: Gurvinder Singh Wasan

Managing Since: April 2011Total Experience: 16 years

Month End Quants of the Debt Portfolio (As on October 31, 2020)Average Maturity: 3.32 yearsModified Duration: 2.79 yearsGross Yield to Maturity: 4.96%Macaulay Duration: 2.90 years





BONDS & NCD 66.41% Sovereign 22.85%

State Government Securities 7.56%

Treasury Bills 0.09% Cash and Other Assets 3.09%

Past performance is no guarantee of future result.


Period Principal Short Term Debt Fund

CRISIL Short-Term Bond Fund Index


CRISIL 10 Year Gilt Index


(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP

Returns1 Year (31-10-2019 to 29-10-2020) 9.80 10977.23 9.97 10994.10 8.90 10887.313 Years (31-10-2017 to 29-10-2020) 4.38 11372.02 8.54 12784.72 7.54 12433.115 Years (30-10-2015 to 29-10-2020) 5.85 13290.14 8.46 15011.31 7.93 14647.43Since Inception (09-05-2003 to 29-10-2020) 7.26 34074.20 7.47 35230.41 6.27 28951.51Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager.

Portfolio

Name Rating % of NAVBONDS & NCD 66.41 Indian Railway Finance Corporation Ltd CRISIL AAA 6.97 Housing Development Finance Corporation Ltd CRISIL AAA 5.53 Ultratech Cement Ltd CRISIL AAA 5.36 National Bank for Agriculture and Rural Development CRISIL AAA 4.82 Indian Oil Corporation Ltd CRISIL AAA 4.53 NTPC Ltd CRISIL AAA 4.53 HDFC Bank Ltd CRISIL AAA 4.07 National Housing Bank CRISIL AAA 3.99 Power Finance Corporation Ltd CRISIL AAA 3.97 ICICI Bank Ltd [ICRA]AAA 3.96 Reliance Industries Ltd CRISIL AAA 3.93 LIC Housing Finance Ltd CRISIL AAA 3.92 Hindustan Petroleum Corporation Ltd CRISIL AAA 3.90 The Ramco Cements Ltd [ICRA]AA+ 3.80 REC Ltd CRISIL AAA 3.13 Sovereign 22.85 6.84% Government of India Sovereign 7.03 7.32% Government of India Sovereign 4.83 6.18% Government of India Sovereign 4.29 6.79% Government of India Sovereign 3.95 6.45% Government of India Sovereign 1.54 7.27% Government of India Sovereign 1.21 State Government Securities 7.56 6.45% State Government of Maharashtra Sovereign 7.56 Treasury Bills 0.09 182 DAY T-BILL Sovereign 0.09 TREPS / Reverse Repo Investments 0.83 TREPS 0.83 Cash & Cash Equivalents 2.26 Net Assets 100.00

28

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

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

Portfolio

Name % of NAVBanks 16.42HDFC Bank Ltd. 7.34ICICI Bank Ltd. 3.93Kotak Mahindra Bank Ltd. 2.67

Axis Bank Ltd. 1.32

State Bank of India 1.16






SBI Cards & Payment Services Ltd. 1.05

Muthoot Finance Ltd. 0.88

Computer Age Management Services Ltd. 0.78


Coforge Ltd. 1.08

Petroleum Products 8.24Reliance Industries Ltd. 8.24

Pharmaceuticals 5.89Divi's Laboratories Ltd. 2.37


Syngene International Ltd. 1.16




Orient Electric Ltd. 1.30

Relaxo Footwears Ltd. 1.14



Balkrishna Industries Ltd. 1.27

CEAT Ltd. 1.11

MRF Ltd. 0.85

Motherson Sumi Systems Ltd. 0.77



Period Principal Retirement Savings Fund -

Progressive Plan

Nifty 200 FullMarketcap Index - TRI





1 Year (30-10-2019 to 30-10-2020) -1.22 9877.60 -0.99 9900.85 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) 0.03 10008.76 3.42 11061.77 5.37 11697.98Since Inception (14-12-2015 to 30-10-2020) 6.31 13484.60 9.91 15858.56 10.40 16210.35Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager. 5 years performance of Principal Retirement Savings Fund - Progressive Plan is not given as the scheme have not been in existence for 5 years.


Name % of NAVITC Ltd. 1.01

Jubilant Foodworks Ltd. 0.80

Cement 3.59


JK Cement Ltd. 1.35

Shree Cement Ltd. 0.85

Chemicals 3.25


Atul Ltd. 1.07

Aarti Industries Ltd. 0.80

Auto 2.88




Timken India Ltd. 1.08


SRF Ltd. 0.77

Pesticides 2.26





Retailing 1.42




Transportation 1.34


Fertilisers 0.95



Total Equity 90.46

Treasury Bills 0.44



TREPS 7.57


Net Assets 100.00

Fund Details

Minimum Investment Amount (`)@

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

RWP- ` 500$

6 installments each


AUM: 2.30


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 3.48% risk free rate of return (1 days - MIBOR Rate As on October 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 October 31, 2020)Direct Plan - 1.16%Regular Plan - 2.34%

`


Fund Manager DetailsName: Ravi Gopalakrishnan Managing Since: July 2019Total Experience: 26 years


Banks 16.42% Finance 12.88% Software 10.84% Petroleum Products 8.24% Pharmaceuticals 6.48% Consumer Durables 5.24% Auto Ancillaries 4.00% Consumer Non Durables 3.98% Cement 3.59% Chemicals 3.25%

$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 October 30, 2020)Standard Deviation^ (Annualised): 18.04%Beta^ : 0.83Sharpe Ratio^ (Annualised) : -0.10 Top 10 Equity Holdings

* Holding less than 0.75%

29

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


Assets Derivatives

Petroleum Products 11.24 -6.60Indian Oil Corporation Ltd. 6.60 -6.60Reliance Industries Ltd. 4.64

Consumer Non Durables 9.69 -7.71ITC Ltd. 8.24 -7.71


Banks 8.67HDFC Bank Ltd. 4.12ICICI Bank Ltd. 2.14Kotak Mahindra Bank Ltd. 1.64

Axis Bank Ltd. 0.77






Pharmaceuticals 2.49Divi's Laboratories Ltd. 1.60





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


Assets Derivatives

Auto 1.22






Fertilisers 0.98



MRF Ltd. 0.95

Retailing 0.82


Transportation 0.76


Chemicals 0.76



Total Equity 67.49

Treasury Bills 1.45



TREPS 22.55


Net Assets 100.00

Fund Details



RWP- ` 500$

6 installments each


AUM: 0.69 `




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)


`





Petroleum Products 11.24% Consumer Non Durables 10.13% Banks 9.30% Finance 7.11% Software 6.46% Pharmaceuticals 3.86% Consumer Durables 2.96% Auto Ancillaries 2.68% Cement 2.09% Chemicals 1.81%


Period Principal Retirement Savings Fund - Moderate

Plan

CRISIL Hybrid 35 + 65 - Aggressive Index*


Nifty 50 TRI(Additional Benchmark)



1 Year (30-10-2019 to 30-10-2020) 2.54 10254.43 5.60 10560.35 -0.98 9902.133 Years (31-10-2017 to 30-10-2020) 1.96 10598.32 6.40 12045.03 5.37 11697.98Since Inception (14-12-2015 to 30-10-2020) 5.69 13102.60 10.49 16272.41 10.40 16210.35Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager.*The equity component of CRISIL Hybrid 35 + 65 - Aggressive Index is represented by total return variant of S&P BSE 200.5 years performance of Principal Retirement Savings Fund - Moderate Plan is not given as the scheme have not been in existence for 5 years.


Ratios & Other Details (As on October 30, 2020)Standard Deviation^ (Annualised): 9.03%Beta^ : 0.64Sharpe Ratio^ (Annualised) : -0.13


30

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

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

Portfolio

Name % of NAV % to Net Assets Deriva-tives

Banks 13.73 -9.27ICICI Bank Ltd. 5.53 -4.43Axis Bank Ltd. 5.20 -4.84HDFC Bank Ltd. 2.14Kotak Mahindra Bank Ltd. 0.86Pharmaceuticals 12.50 -11.68Lupin Ltd. 6.32 -6.34Sun Pharmaceutical Industries Ltd. 5.33 -5.34Divi's Laboratories Ltd. 0.85Consumer Non Durables 10.47 -9.42Hindustan Unilever Ltd. 5.86 -5.09ITC Ltd. 4.61 -4.33Ferrous Metals 6.82 -6.83JSW Steel Ltd. 6.82 -6.83Minerals/Mining 3.45 -3.46Coal India Ltd. 3.45 -3.46Software 3.10Infosys Ltd. 1.73Tata Consultancy Services Ltd. 1.37Petroleum Products 2.40Reliance Industries Ltd. 2.40Finance 0.96Housing Development Finance Corporation Ltd. 0.96Other Equities* 14.46 Total Equity 67.89 -40.66Treasury Bills 0.82 182 DAY T-BILL Sovereign 0.82 TREPS / Reverse Repo Investments 15.44 TREPS 15.44 Cash & Cash Equivalents 15.85 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: 1.22 `




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

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


`





Banks 14.06% Pharmaceuticals 13.72% Consumer Non Durables 10.70% Ferrous Metals 6.82% Finance 3.67% Minerals/Mining 3.45% Software 3.41% Petroleum Products 2.40% Consumer Durables 1.61% Auto Ancillaries 1.42%


Period Principal Retirement Savings Fund -

Conservative Plan

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


CRISIL 10 YearGilt Index

(Additional Benchmark)



1 Year (30-10-2019 to 30-10-2020) 1.56 10156.10 4.40 10439.97 8.87 10887.313 Years (31-10-2017 to 30-10-2020) 2.01 10615.04 6.72 12154.77 7.53 12433.11Since Inception (14-12-2015 to 30-10-2020) 4.95 12661.20 8.25 14727.77 8.18 14680.83Different 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. Please refer page 32 for annexure of returns for all scheme managed by the fund manager.5 years performance of Principal Retirement Savings Fund - Conservative Plan is not given as the scheme have not been in existence for 5 years.


Ratios & Other Details (As on October 30, 2020)Standard Deviation^ (Annualised): 5.40%Beta^ : 0.81Sharpe Ratio^ (Annualised) : -0.25


31

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 October 31, 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: 18.88



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: 31 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 100.45 PGIF Origin Global Smaller Companies Fund - Usd I Class Accumulation Mutual Fund 100.45 Treasury Bills 0.05 182 DAY T-BILL Sovereign 0.05 TREPS / Reverse Repo Investments 0.60 TREPS 0.60 Cash & Cash Equivalents -1.10Net Assets 100.00

Name % of NAV

PennyMac Financial Services, Inc. 1.81Deckers Outdoor Corporation 1.33Installed Building Products, Inc. 1.31Helen of Troy Limited 1.23BayCurrent Consulting, Inc. 1.11UFP Industries, Inc. 1.09Nolato AB Class B 1.08Virtus Investment Partners, Inc. 1.07Elecom Co., Ltd. 1.05Generac Holdings Inc. 1.04Murphy USA, Inc. 1.03HomeServe plc 0.99Lifco AB Class B 0.99King's Town Bank 0.98Tempur Sealy International Inc 0.93Gurit Holding AG 0.92Lithia Motors, Inc. Class A 0.91AllianceBernstein Holding L.P. 0.91American Equity Investment Life Holding Company 0.89Malibu Boats Inc Class A 0.84Carabao Group Public Company Ltd 0.83Future plc 0.82Swissquote Group Holding Ltd. 0.81SINBON Electronics Co., Ltd. 0.81Gamesys Group PLC 0.80Timken Company 0.79Altra Industrial Motion Corp. 0.79Prestige Consumer Healthcare Inc 0.79LHC Group, Inc. 0.78IG Group Holdings plc 0.76Nu Skin Enterprises, Inc. Class A 0.75Kindred Group plc Shs Swedish Depository Receipts 0.74EMCOR Group, Inc. 0.73MGIC Investment Corporation 0.73SYNNEX Corporation 0.73Chemed Corporation 0.73Axon Enterprise Inc 0.72Scandinavian Tobacco Group A/S 0.72Sheng Siong Group Ltd. 0.71OneMain Holdings, Inc. 0.71Addus HomeCare Corporation 0.70Asbury Automotive Group, Inc. 0.69Computacenter Plc 0.68Companhia de Locacao das Americas 0.68BYD Electronic (International) Co., Ltd. 0.68Radian Group Inc. 0.66PJT Partners, Inc. Class A 0.66Toei Animation Co., Ltd. 0.65SciPlay Corp. Class A 0.65Cerved Group SpA 0.64Beach Energy Limited 0.64Relia, Inc. 0.62888 Holdings Plc 0.61Corcept Therapeutics Incorporated. 0.61Molina Healthcare, Inc. 0.60Reply S.p.A. 0.59Science Applications International Corp. 0.59Louisiana-Pacific Corporation 0.58Flow Traders NV 0.58TCS Group Holding Plc Sponsored GDR Class A RegS 0.58Hansol Chemical Co., Ltd 0.57Artisan Partners Asset Management, Inc. Class A 0.56AutoNation, Inc. 0.56Sunonwealth Electric Machine Industry Co., Ltd. 0.56TopBuild Corp. 0.55Centerra Gold Inc. 0.55United Therapeutics Corporation 0.54Virtu Financial, Inc. Class A 0.53PT Sarana Menara Nusantara Tbk 0.53SLM Corp 0.53BMC Stock Holdings, Inc. 0.53Regis Resources Limited 0.52Envestnet, Inc. 0.52Sawai Pharmaceutical Co., Ltd. 0.52ManTech International Corporation Class A 0.52Aaron's, Inc. 0.51Arcadyan Technology Corporation 0.51Sleep Number Corporation 0.51Chicony Power Technology Co., Ltd. 0.51Compeq Manufacturing Co., Ltd. 0.50Fu Shou Yuan International Group Ltd. 0.50PRA Health Sciences, Inc. 0.49ENERJISA ENERJI A.S 0.49Exxaro Resources Limited 0.48Azimut Holding Spa 0.48TriNet Group, Inc. 0.48Amedisys, Inc. 0.48Parex Resources Inc. 0.47Fabrinet 0.47B2Gold Corp. 0.46China Medical System Holdings Ltd. 0.46LGI Homes, Inc. 0.46Compania de Transmissao de Energia Eletrica Paulista Pfd 0.45Toromont Industries Ltd. 0.44Elite Material Co., Ltd. 0.44

Name % of NAV

Loomis AB 0.44NMI Holdings, Inc. Class A 0.44Diploma PLC 0.44Equitable Group Inc. 0.44Redrow plc 0.44Lonking Holdings Limited 0.43Tianneng Power International Limited 0.43Fox Factory Holding Corp. 0.43Novatek Microelectronics Corp. 0.43LCI Industries 0.42Hub Group, Inc. Class A 0.42Capcom Co., Ltd. 0.41Sitronix Technology Corp. 0.41ECHO Marketing, Inc. 0.41Canfor Corporation 0.41Federal Signal Corporation 0.40T-Gaia Corporation 0.39ASGN Inc 0.39Lumentum Holdings, Inc. 0.39Jumbo S.A. 0.38Pharming Group NV 0.38HelloFresh SE 0.38SSR Mining Inc 0.38Stifel Financial Corp. 0.37Masonite International Corp. 0.37China Tian Lun Gas Holdings Limited 0.37iA Financial Corporation Inc. 0.37Bellway p.l.c. 0.36AMADA Co., Ltd. 0.36Towa Pharmaceutical Co., Ltd. 0.36Cresco,Ltd. 0.36Simplo Technology Co. Ltd. 0.36GB Group PLC 0.36Zhen Ding Technology Holding Limited 0.35J2 Global, Inc. 0.35Takeuchi Mfg.Co., Ltd. 0.35Liontrust Asset Management PLC 0.35Micro-Star International Co., Ltd. 0.34Kumho Petrochemical Co., Ltd. 0.34Howden Joinery Group PLC 0.34Winnebago Industries, Inc. 0.33Vistry Group PLC 0.33AURAS Technology Co., Ltd. 0.33Norbord Inc. 0.33Gigabyte Technology Co., Ltd. 0.33Qurate Retail, Inc. Class A 0.33Northern Star Resources Ltd 0.32Torex Gold Resources Inc. 0.32Insight Enterprises, Inc. 0.32Medifast, Inc. 0.32Yokogawa Bridge Holdings Corp. 0.31CEWE Stiftung & Co. KGaA 0.31YDUQS Participacoes SA 0.31Williams-Sonoma, Inc. 0.31Appen Ltd. 0.31Chemical Works of Gedeon Richter Plc 0.31Choice Hotels International, Inc. 0.31Meitec Corporation 0.30Houlihan Lokey, Inc. Class A 0.30Pacira Biosciences, Inc. 0.30Perficient, Inc. 0.29TIS Inc. 0.29Centamin plc 0.29Parade Technologies, Ltd. 0.29General Interface Solution (GIS) Holding Ltd. 0.29Merry Electronics Co., Ltd. 0.29Dino Polska S.A. 0.28Evolution Gaming Group AB 0.28Ferrexpo plc 0.28Kiwoom Securities Co., Ltd 0.28Haseko Corporation 0.28XP Power Ltd. 0.28Saracen Mineral Holdings Limited 0.28Compania de Distribucion Integral Logista Holdings S.A. 0.28Itochu Techno-Solutions Corporation 0.28Lotes Co., Ltd 0.27Taiwan Union Technology Corporation 0.27Medpace Holdings, Inc. 0.27Livzon Pharmaceutical Group Inc Class H 0.26Ausnutria Dairy Corp. Ltd. 0.26Emergent BioSolutions Inc. 0.26DIP Corporation 0.26Advanced Energy Industries, Inc. 0.26CACI International Inc Class A 0.25International Money Express, Inc. 0.25KGHM Polska Miedz S.A. 0.25West China Cement Ltd. 0.24Atkore International Group Inc. 0.24Altius Minerals Corporation 0.24Koshidaka Holdings Co., Ltd. 0.16METAWATER Co.Ltd. 0.16Qurate Retail Inc 8 % Cum Red Pfd Registered Shs Series A When Issued 0.13Cash 2.64Total 100.00

Principal Global Investor Fund - Origin Global Smaller Companies Fund (Underlying Fund) as on September 30, 2020

Regional Allocation of underlying fund (As on September 30, 2020) (% of NAV)

North America 49.48% Emerging Markets 18.27% Europe Ex Uk 9.62% United Kingdom 8.71% Japan 8.23% Asia Ex Japan 3.05% Cash 2.64%

Industry Allocation of underlying fund (As on September 30, 2020) (% of NAV)

Consumer Discretionary 19.54% Industrials 18.99% Financials 16.45% Information Technology 15.76% Health Care 8.83% Materials 7.29% Consumer Staples 3.87% Communication Services 3.73% Energy 1.59% Utilities 1.30% Cash 2.64%


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 (30-10-2019 to 30-10-2020) 6.66 10666.49 5.68 10568.29 -0.98 9902.13

3 Years (31-10-2017 to 30-10-2020) 4.41 11382.50 6.80 12181.33 5.37 11697.98

5 Years (30-10-2015 to 30-10-2020) 8.90 15322.87 9.71 15903.03 8.98 15378.10

Since Inception (29-03-2004 to 30-10-2020) 7.27 32070.30 11.74 63106.87 13.53 82150.71

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. ^ Growth OptionPlease refer page 32 for annexure of returns for all scheme managed by the fund manager.

32

Annexure for returns of all the schemes (as on 30th October 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 4.24 0.42 10.14 22.19

12-11-2008NIFTY Large Midcap 250 Index - TRI 2.22 2.13 9.13 16.04Principal Focused Multicap Fund 1.46 3.83 8.14 13.67

11-11-2005S&P BSE 250 Large Midcap - TRI -0.04 3.80 9.06 12.18Principal Dividend Yield Fund 2.68 2.17 9.95 11.28

15-10-2004Nifty Dividend Opportunities 50 - TRI -5.77 0.58 7.97 NAPrincipal Multi Cap Growth Fund -0.36 -1.45 8.01 14.07

25-10-2000Nifty 500 Index - TRI -0.12 2.73 8.54 14.62Principal Balanced Advantage Fund (Equity Portion) 5.33 3.55 5.37 8.18

16-12-201050% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index 4.23 6.43 8.60 8.77

Principal Retirement Savings Fund(Conservative Plan) 1.56 2.01 NA 4.95

14-12-201530% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 4.40 6.72 NA 8.25Principal Retirement Savings Fund(Progressive Plan) -1.22 0.03 NA 6.31

14-12-2015Nifty 200 Full Marketcap Index - TRI -0.99 3.42 NA 9.91Principal Retirement Savings Fund(Moderate Plan) 2.54 1.96 NA 5.69

14-12-2015CRISIL Hybrid 35+65 - Aggressive Index** 5.60 6.40 NA 10.49Principal Hybrid Equity Fund (Equity Portion) 1.72 0.93 8.77 10.33

14-01-2000CRISIL Hybrid 35+65 - Aggressive Index** 5.60 6.40 9.56 NAPrincipal Small Cap Fund 17.21 NA NA 12.25

13-05-2019Nifty SmallCap 100 Index 2.35 NA NA -1.90

FUNDS MANAGED BY MR. SUDHIR kEDIA (TOTAL SCHEMES MANAGED : 3 SCHEME)Principal Tax Savings Fund 0.92 -1.45 7.97 14.98

31-03-1996Nifty 500 Index - TRI$ -0.12 2.73 8.54 12.76Principal Personal Tax Saver Fund 0.57 -1.74 4.75 17.84

31-03-1996Nifty 500 Index - TRI$ -0.12 2.73 8.54 12.76Principal Equity Savings Fund (Equity Portion) 6.16 4.31 6.20 7.65

23-05-2002Nifty Equity Savings Index 5.20 6.75 7.94 NA

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

{As on October 29, 2020} 9.80 4.38 5.85 7.26

09-05-2003CRISIL Short Term Bond Fund Index 9.97 8.54 8.46 7.47Principal Equity Savings Fund (Debt Portion) 6.16 4.31 6.20 7.65

23-05-2002Nifty Equity Savings Index 5.20 6.75 7.94 NA

FUNDS MANAGED BY MR. RAjAT jAIN (TOTAL SCHEMES MANAGED : 3 SCHEMES)Principal Nifty 100 Equal Weight Fund -6.30 -1.70 4.11 9.43

27-07-1999Nifty 100 Equal Weight - TRI -3.63 -2.07 6.04 NAPrincipal Arbitrage Fund 2.38 1.96 NA 3.12

21-04-2016Nifty 50 Arbitrage Index 2.62 4.67 NA 4.87Principal Global Opportunities Fund 6.66 4.41 8.90 7.27

29-03-2004MSCI All Country World Small Cap Index - TRI 5.68 6.80 9.71 11.74

FUNDS MANAGED BY MS. BEkxY kURIAkOSE (TOTAL SCHEMES MANAGED : 6 SCHEMES)Principal Hybrid Equity Fund (Debt Portion) 1.72 0.93 8.77 10.33

14-01-2000CRISIL Hybrid 35+65 - Aggressive Index** 5.60 6.40 9.56 NAPrincipal Balanced Advantage Fund (Debt Portion) 5.33 3.55 5.37 8.18

16-12-201050% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index 4.23 6.43 8.60 8.77

Principal Cash Management Fund{As on October 31, 2020}

4.10 2.85 4.61 6.7030-08-2004

CRISIL Liquid Fund Index 4.97 6.50 6.77 7.02Principal Low Duration Fund

{As on October 29, 2020} 5.30 -0.03 3.17 6.33

14-09-2004CRISIL Low Duration Debt Index 7.50 7.86 7.98 7.59Principal Ultra Short Term Fund

{As on October 29, 2020} 4.36 4.04 5.35 6.15

28-12-2007Nifty Ultra Short Duration Debt Index 5.95 7.28 7.38 8.33

FUNDS MANAGED BY MR. SIDDARTH MOHTA (TOTAL SCHEME MANAGED : 1 SCHEME)Principal Multi Cap Growth Fund -0.36 -1.45 8.01 14.07

25-10-2000Nifty 500 Index - TRI -0.12 2.73 8.54 14.62Principal Small Cap Fund 17.21 NA NA 12.25

13-05-2019Nifty SmallCap 100 Index 2.35 NA NA -1.90

FUNDS MANAGED BY MR. ASHISH AGGARWAL (TOTAL SCHEME MANAGED : 1 SCHEME)Principal Hybrid Equity Fund (Equity Portion) 1.72 0.93 8.77 10.33

14-01-2000CRISIL Hybrid 35+65 - Aggressive Index** 5.60 6.40 9.56 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. Sudhir Kedia & Mr. Anirvan Sarkar ( for foreign investments) manages Principal Large Cap Fund (w.e.f. October 2020)Mr. Gurvinder Singh Wasan manages Principal Short Term Debt Fund (w.e.f. April 2011), 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 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 Midcap Fund & Principal Large Cap Fund is not given as the scheme has not completed 1 year.

33

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

Principal Asset Management 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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