ta x savings fund - principal mutual fund india

1

FUNDS INSIGHTNovember, 2018

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

Mutual Fund

Save Tax & Grow Wealthwith

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

Tax Savings Fund

1

IndexDetails

Equity Markets Round Up 2

Fixed Income Market Update 3

How to Read Factsheet 4

Product Suitability 5

NAV (Net Asset Value) 6

Principal Fixed Income Funds Snapshot 7

Principal Equity/Hybrid Funds Snapshot 8

Systematic Investment Plan (SIP) Returns 9

Equity Funds

Principal Emerging Bluechip Fund 11

Principal Multi Cap Growth Fund 12

Principal Tax Savings Fund 13

Principal Personal Tax Saver Fund 14

Principal Focused Multicap Fund 15

Principal Dividend Yield Fund 16

Principal Nifty 100 Equal Weight Fund 17

Hybrid Funds

Principal Arbitrage Fund 18

Principal Hybrid Equity Fund 19

Principal Balanced Advantage Fund 20

Principal Equity Savings Fund 21

Fixed Income FundsPrincipal Cash Management Fund 22

Principal Low Duration Fund 23

Principal Short Term Debt Fund 24

Principal Dynamic Bond Fund 25

Principal Credit Risk Fund 26

Principal Corporate Bond Fund 27

Principal Ultra Short Term Fund 28

Solution Oriented Funds

Principal Retirement Savings Fund (Progressive Plan) 29

Principal Retirement Savings Fund (Conservative Plan) 30

Principal Retirement Savings Fund (Moderate Plan) 31

Fund of Funds

Principal Global Opportunities Fund 32

Other Details

Annexure for returns of all the Schemes 33

2

EQUITY & DEBT

MARKET OUTLOOK

Equity Markets Round Up: November 2018

• NovemberwasagoodmonthforEmergingMarkets(EMs)withtheMSCIEM(USD)indexup4.1%duringthemonth.TheMSCIWorld(USD)index,whichtracksdevelopedmarketswasup1%andunderperformedtheEMindex.ThiswasasharpturnaroundfromOctoberandwasledbyloweroilprices(down22%duringthemonth),dovishtalkfromtheUSFed(‘thebenchmark rate is just below neutral’) and expectations of a slower cycle of Fed tightening next year, pick up in US China tradetalksandstrongperformancetheEMcurrenciesvstheUSD.

• FlowsintoEMsasacategorypickedup.EMequityfundshadinflowsofUSD6.3Billion(JPMorgandata).AsfarasIndiawasconcerned,afterthelargeoutflowsinOctober,FPIinflowswerepositiveatRs.5,981crores.

• Among sectors, capital goods,financials and autosdidwellwhilemetals, healthcare and ITdid relatively poorly. IT andhealthcarewerebothimpactedbythestrongercurrency.ITwasalsoimpactedbytheconcernsonglobalgrowth,visaissuesandrisingcostsaswehadmentioned inthe lastmonth. Financialsdidwell.BothNBFCsandbanksdidwellduringthemonth.TheRBI,aftertheBoardmeetingdecidedtoextendtheCapitalConservationbufferof0.625%forbanksbyoneyeartoMarch2020andagreedtoreviewthePCAframeworkforbanks.AcommitteewillalsoexaminetheEconomicCapitalframeworkoftheRBI.TheNBFCshavebeenfacingliquidityissues.Theywerehelpedbybanksbuyingoutloanpoolsfromthem.Bankshoweverarebeingselectiveaboutextendingcredittothemasyet.Banksthemselvessawanimprovementintheir performance as Q2 results showed much lower slippages, increased NPA coverage, an improving pricing environment andconsequent likely improvement inNIMs.The slippagesweremostly fromthewatchlistwhichthebankshadearlierdeclared.WhilethePSUbanksalsosaw lowerslippages,someofthemdidreporthigherstress intheiragriculturalandMSME loan book

Equity Market Outlook

• WhilelowercrudepriceshaveimprovedthemacroenvironmentfortheIndianeconomy,therearestillchallengesonthefiscalandthedemandside.Intheshortterm,thetightfinancialconditionsforNBFCscouldimpactdemandforconsumerdurables.EconomistexpectslowerGDPgrowthrateinH2,FY19.Onthefiscalside,GSTreceiptshavebeenrunningcloseto(orslightlybelow)Rs.100,000crorespermonthwhicharebelowbudgetednumbers.ThiscouldleadtoslowergovernmentspendinginH2,whichisquiteimportant,consideringthatgrowthinpublicadministration(governmentspending)was10.9%whichsupportedGDPgrowth.

• IfweseeonlymoderatetighteninginfinancialconditionsintheUSin2019,itwouldbepositiveforEMsandhelpincapitalflows.While intheneartermthemarketsareexpectedtobevolatileastheytrack localandglobalnewsflow,cheapervaluationsandimprovementinearningsareexpectedtobepositiveforequityfromamediumtolongtermperspective.

• However,overthemediumterm,increasedcapitalspendingandconsumerdemandshouldbethegrowthdrivers.

Data Item Growth

1 Month 1 yearMSCI EM Index (USD) 4.06 -11.25MSCI EM Index Local 2.91 -7.64MSCI World Index (USD) 0.96 -1.73Indian Rupee 5.91 -7.94Dollar Index (DXY) 0.15 4.54Crude Oil- Brent -22.21 -7.65CRB Index 0.01 -3.09Gold 0.47 -4.27Copper 3.44 -8.34Iron Ore -13.21 -4.62Cotton (Cotlook A Index) 1.16 3.57Data as on 30th November 2018.Source:Bloomberg

Indicators Oct-18 Nov-18FIInetflows(Rs.Crs) -28,870 5,981MutualFundnetflows(Rs.Crs) 23,982 5,243Exports (USD Billion) 27.95 26.98Imports (USD Billion) 41.93 44.11CPI 3.77 3.31IIP 4.34 4.50Dataason30thNovember2018.Souce:Bloomberg,NSDLandSebiwebsites

3

Fixed Income Market Update: November 2018

• Duringthemonth,wesawyieldsfallacrossvariousassetclasses.WhileannouncementofOMOgiltpurchasesledtoafavourable downward move in gilt and money market yields, sharp fall in crude oil prices, fall in US treasury yields, lower thanexpectedCPIandappreciationofUSDINRledtoafavourableimpactacrossallbondclasses.

• Thetenyeargiltbenchmarkclosedthemonthat7.60%,25bpslowerthanpreviousmonth.ThetenyearAAACorporatebondbenchmarkclosedat8.70%,16bpslowerthanpreviousmonth.ThefiveyearAAAcorporatebondbenchmarkclosedat8.68%,14bpslowerascomparedtopreviousmonth.TenyearSDLspreadsremainedstableinarangeof70-80bpstothetenyeargiltbenchmark.

• 1yearCDratesclosedlowerat8.32%,15bpslowerpreviousmonth.1yearTbillyieldclosed28bpslowerat7.19%.3monthCDratesclosedat7.27%(15bpslower).

• BrentCrudeoilpricesfellduringthemonthtoUSD58.44perbarrel.INRappreciatedsharplyonbackoffallinoilpricesandrenewedFIIflowsto69.58ascomparedtoRs73.95inpreviousmonth.ForthemonthofNovember,FPIsturnednetbuyersinthedebtmarkettothetuneofRs6884cr.India’sOcttradedeficitwascameinatUSD17.13bnascomparedtoUSD13.98bninpreviousmonth.

• ThetenyearbenchmarkUStreasuryyieldfellby16bpstoclosethemonthat2.98%.

• OctWPIdatareleasecameat5.28%,higherthanthepreviousreadingof5.13%.CPIforOctcameat3.31%comparedto3.77%inpreviousmonth.

• SeptemberIndustrialproduction(IIP)growthcameat4.5%comparedto4.3%forpreviousmonth.

• ForthemonthbanksborrowedonanaverageRs84220CratvariousRBI liquidityfacilitiesputtogether reflectingdeficitliquidityconditions.RBIconductedOMOsworthRs50000cr intotalduringthemonth.TheOMOshelpedinadditionaldemandandthereforeloweryieldofgilts.ForthemonthofDecember,RBIhasalreadyannounceditsintenttoconductRs40000crofOMOgiltpurchases.

• GDPdatefortheQuarterJunetoSeptember2018wasreleased.RealGDPcameinat7.1%ascomparedto8.2%inpreviousquarterwhileGVAgrowthcameinat6.9%comparedto8%inpreviousquarter.

• FiscaldatareleasedfortheperiodApriltoOctober2018showsthatat6.49lakhcroresdeficit,itstandsat104%ofthefullyeartarget.

Outlook:

• WeexpectRBItokeepkeyratesunchangedatitsupcomingMonetaryPolicyReviewinEarlyDecember.RBImayloweritsinflationforecastyetagainfor4QFY19.

• WeexpectBankingSystemliquiditydeficitonaccountoftaxoutflowsandcurtailmentinspending.

• ShortTermmoneymarketratesareexpectedtoremainbenignonstablemarketconditions,maturitiesandplannedliquidityinfusionbywayofOMOs.

• Creditconditionsmaymarginallyrelaxandspreadsmaytightenbarringanyadversecreditevents.

Index 1 Month(%)

3 Months(%)

6 Months(%)

1 Year(%)

Broad Indices

Nifty 50 10877 6.65 -6.88 1.31 6.36

S&P BSE Sensex 36194 6.80 -6.34 2.47 9.19

S&P BSE 100 11119 6.16 -7.47 0.71 3.86

S&P BSE 200 4627 6.04 -8.22 -0.60 2.19

S&P BSE 500 14429 5.73 -8.94 -2.28 -0.45

S&P BSE MID CAP 15039 4.53 -10.91 -6.09 -11.10

S&P BSE SMALL CAP 14427 2.99 -16.09 -16.36 -20.86

Performance As on November 30, 2018*

Index 1 Month(%)

3 Months(%)

6 Months(%)

1 Year(%)

Sectoral Indices

S&P BSE AUTO 20900 6.26 -15.44 -14.59 -17.08

S&P BSE Bankex 29949 7.43 -5.65 -0.19 4.60

S&P BSE CD 20526 9.72 -5.39 -0.70 -4.35

S&P BSE CG 18639 8.55 -1.88 -0.97 1.00

S&P BSE FMCG 11647 5.72 -8.80 3.15 12.85

S&P BSE HC 14333 -0.72 -10.11 10.23 2.45

S&P BSE METAL 11832 -6.86 -14.39 -13.08 -14.89

S&P BSE Oil & Gas 13246 1.79 -12.15 -8.20 -16.84

S&P BSE PSU 6840 -2.42 -13.50 -13.34 -25.51

S&P BSE Teck 7170 2.26 -8.28 2.93 17.92

*Performanceforlessthanoneyearareabsolutereturns.Source-MFIExplorer

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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.Heisusuallypartofalargerteamoffundmanagersandresearchanalysts.

Application Amount For Fresh Subscription -Thisistheminimuminvestmentamountforanewinvestorinamutualfundscheme.

Minimum Additional Amount -Thisistheminimuminvestmentamountforanexistinginvestorinamutualfundscheme.

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

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

NAV -TheNAVorthenetassetvalueisthetotalassetvalueperunitofthemutualfundafterdeductingallrelatedandpermissibleexpenses.TheNAViscalculatedattheendofeverybusinessday.Itisthevalueatwhichtheinvestorentersorexitsthemutualfund.

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

Entry Load -Amutualfundmayhaveasaleschargeorloadatthetimeofentryand/orexittocompensatethedistributor/agent.Entryloadischargedatthetimeaninvestorpurchasestheunitsofamutualfund.TheentryloadisaddedtotheprevailingNAVatthetimeofinvestment.For instance, if the NAV is `100andtheentryloadis1%,theinvestorwillenterthefundat`101.Note:SEBI,videcirculardatedJune30,2009hasabolishedentryloadandmandatedthattheupfrontcommissiontodistributorswillbepaidbytheinvestordirectlytothedistributor,basedonhisassessmentofvariousfactorsincludingtheservicerenderedbythedistributor.

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

Modified Duration -Modifieddurationisthepricesensitivityandthepercentagechangeinpriceforaunitchangeinyield.

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

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

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

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

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

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

Rating Profile -Mutualfundsinvestinsecuritiesafterevaluatingtheircreditworthinessasdisclosedbytheratings.Adepictionofthemutualfundinvariousinvestmentsbasedontheirratingsbecomestheratingprofileofthefund.Typically,thisisafeatureofdebtfunds.

MAAUM - Monthly Average Asset Under Management

++ ICRA has assigned credit risk rating of [ICRA]A1+mfs to Principal Low Duration Fund and credit risk rating of [ICRA]A1 mfs to Principal Cash Management Fund.RatingmethodologyusedbyICRAisbasedonevaluatingtheinherentcreditqualityofthemutualfundsportfolio.Asameasureofthecreditqualityof 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 takingintoaccountitsmaturity.Toquantifythecreditriskscores,ICRAusesitsdatabaseofhistoricaldefaultratesforvariousratingcategoriesforvariousmaturitybuckets.ThecreditriskratingsincorporateICRA’sassessmentofadebtfund’spublishedinvestmentobjectivesandpolicies, itsmanagementcharacteristics,andthecreditworthinessofitsinvestmentportfolio.ICRAreviewsrelevantfundinformationonanongoingbasistosupportitspublishedratingopinions. Iftheportfoliocreditscoremeetsthebenchmarkoftheassignedratingduringthereview,therating isretained. Inaneventthatthebenchmark 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 thedebt fundmanager is able to reduce theportfolio credit scorewithin thebenchmark credit score, the rating is retained. If theportfoliostill continues tobreach thebenchmark credit score, the rating is revised to reflect the change in credit quality.The ratings should, however, notbeconstruedasanindicationoftheprospectiveperformanceoftheMutualfundschemeorofvolatilityinitsreturns.ICRAratingsshouldnotbetreatedasrecommendationtobuy,sellorholdtherateddebtinstruments.ICRAratingsaresubjecttoaprocessofsurveillancewhichmayleadtoarevisioninratings.Source: ICRA Ltd.++ CARE’sfundcreditqualityratingisnotarecommendationtopurchase,sell,orholdasecurity/fund.Itneithercommentsonthecurrentmarketprice,suitability for a particular investor nor on the prospective performance of the fund with respect to appreciation, volatility of net asset value (NAV), or yield ofthefund.Theratingsdonotaddressthefundsabilitytomeetthepaymentobligationstotheinvestors.TheratingsarebasedoncurrentinformationfurnishedtoCAREbytheissuerorobtainedbyCAREfromsourcesitconsidersreliable.CAREdoesnot,however,guaranteetheaccuracy,adequacyorcompletenessofanyinformationandisnotresponsibleforanyerrorsoromissionsorfortheresultsobtainedfromtheuseofsuchinformation.CAREdoesnotperformanauditinconnectionwithanyratingandmay,onoccasion,relyonunauditedinformation.Theratingsmaybechanged,suspended,orwithdrawnasaresultofchangesin,orunavailabilityof,suchinformation,orbasedonothercircumstances.FundsratedbyCAREhavepaidaratingfee.

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

5

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

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

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

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

Principal 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 Corporate Bond Fund (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

~Investorsshouldconsulttheirfinancialadvisersifindoubtaboutwhethertheproductissuitableforthem.

Product Suitability

6

Equity Funds

Principal Emerging Bluechip Fund (`) Principal Multi Cap Growth Fund (`) Principal Tax Savings Fund (`)Regular Plan - Growth 100.38 Regular Plan - Growth 137.51 Regular Plan - Growth 201.26Regular Plan - Half Yearly Dividend Option 38.76 Regular Plan - Half Yearly Dividend Option 34.00 Regular Plan - Half Yearly Dividend Option 201.26Direct Plan - Growth 105.83 Direct Plan - Growth 143.42 Direct Plan - Growth 207.62Direct Plan - Half Yearly Dividend Option 80.57 Direct Plan - Half Yearly Dividend Option 42.96 Direct Plan - Half Yearly Dividend Option 207.62

Principal Nifty 100 Equal Weight Fund (`) Principal Focused Multicap Fund (`) Principal Dividend Yield Fund (`)Regular Plan - Growth 69.2362 Regular Plan - Growth 61.61 Regular Plan - Growth 51.60Regular Plan - Dividend 40.6915 Regular Plan - Half Yearly Dividend Option 26.23 Regular Plan - Half Yearly Dividend Option 22.18Direct Plan - Growth 71.2357 Direct Plan - Growth 64.20 Direct Plan - Growth 53.14Direct Plan - Dividend 41.8646 Direct Plan - Half Yearly Dividend Option 27.25 Direct Plan - Half Yearly Dividend Option 30.11

Principal Personal Tax Saver Fund (`)Regular Plan - Growth 189.01Direct Plan - Growth 195.68

Hybrid Funds

Principal Hybrid Equity Fund (`) Principal Balanced Advantage Fund (`) Principal Equity Savings Fund (`)Regular Plan - Growth 74.67 Regular Plan - Growth 20.42 Regular Plan - Growth 35.0899Regular Plan - Monthly Dividend Option 25.76 Regular Plan - Monthly Dividend Option 14.50 Regular Plan - Quaterly Dividend Option 12.4322Direct Plan - Growth 79.00 Direct Plan - Growth 21.69 Regular Plan - Half Yearly Dividend Option 11.9729Direct Plan - Monthly Dividend Option 29.43 Direct Plan - Monthly Dividend Option 16.05 Direct Plan - Growth 36.9074

Direct Plan - Quaterly Dividend Option 15.0077Direct Plan - Half Yearly Dividend Option 11.8690

Principal Arbitrage Fund (`)Regular Plan - Growth 10.8361Regular Plan - Monthly Dividend Option 10.1055Direct Plan - Growth 11.0255Direct Plan - Monthly Dividend Option 10.2200

Fixed Income Funds

Principal Cash Management Fund (`) Principal Low Duration Fund (`) Principal Short Term Debt Fund (`)Regular Plan - Growth 1618.2852 Regular Plan - Growth 2869.0177 Regular Plan - Growth 31.5168Regular Plan - Daily Dividend Option 930.7726 Regular Plan - Daily Dividend Option 1005.7164 Regular Plan - Monthly Dividend Option 12.8798Regular Plan - Weekly Dividend Option 936.1763 Regular Plan - Weekly Dividend Option 1006.3670 Direct Plan - Growth 32.9628Regular Plan - Monthly Dividend Option 955.2268 Regular Plan - Monthly Dividend Option 1143.1118 Direct Plan - Monthly Dividend Option 12.9167Direct Plan - Growth 1625.7861 Direct Plan - Growth 2972.5014Direct Plan - Daily Dividend Option 930.7620 Direct Plan - Daily Dividend Option 1007.4134Direct Plan - Weekly Dividend Option 936.8247 Direct Plan - Weekly Dividend Option 1006.3893Direct Plan - Monthly Dividend Option 955.5073 Direct Plan - Monthly Dividend Option 1145.2488

Principal Dynamic Bond Fund (`) Principal Credit Risk Fund (`) Principal Corporate Bond Fund (`)Regular Plan - Growth 30.2075 Regular Plan - Growth 2821.8064 Regular Plan - Growth 30.2941Regular Plan - Quaterly Dividend Option 13.6039 Regular Plan - Monthly Dividend Option 1240.7734 Regular Plan - Monthly Dividend Option 10.3085Regular Plan - Annually Dividend Option 11.5820 Direct Plan - Growth 2894.1811 Regular Plan - Quaterly Dividend Option 12.2765Direct Plan - Growth 31.6037 Direct Plan - Monthly Dividend Option 1244.3150 Direct Plan - Growth 31.9367Direct Plan - Quaterly Dividend Option 13.6901 Direct Plan - Monthly Dividend 31.9367Direct Plan - Annually Dividend Option 11.9340

Principal Ultra Short Term Fund (`)Regular Plan - Growth 1937.5435Regular Plan - Daily Dividend Option 964.7620Regular Plan - Weekly Dividend Option 978.1826Regular Plan - Monthly Dividend Option 1019.6270Direct Plan - Growth 1974.2253Direct Plan - Monthly Dividend Option 1022.3302

Solution Oriented Funds

Principal Retirement Savings Fund (CP) (`) Principal Retirement Savings Fund (PP) (`) Principal Retirement Savings Fund (MP) (`)Regular Sub Plan - Growth 12.1719 Regular Sub Plan - Growth 13.3039 Regular Sub Plan - Growth 12.4382Direct Sub Plan - Growth 12.3347 Regular Sub Plan - Dividend Option 13.3039 Direct Sub Plan - Growth 12.6742

Direct Sub Plan - Growth 13.5298

Fund of Funds

Principal Global Opportunities Fund (`)Regular Plan - Growth 26.8259Regular Plan - Dividend 26.8259Direct Plan - Growth 27.5134Direct Plan - Dividend 27.5134

NAV (Net Asset Value) (As on November 30, 2018)

7

Principal Fixed Income Funds Snapshot (As on November 30, 2018)

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1.39Yrs

110

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3.89Yrs

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12.04

77.97

82.03

88.21

83.04

93.13

61.06

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NIL

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8

Equity Funds Hybrid FundsPrincipal Focused

Multicap FundPrincipal Emerging

Bluechip FundPrincipal Dividend

Yield FundPrincipal Multi Cap

Growth FundPrincipal Tax Savings Fund

Principal Hybrid Equity Fund

Principal Balanced Advanatge Fund

Principal Equity Savings Fund

Category Focused Fund Large andMidcap Fund

Dividend YieldFund

MulticapGrowth Fund ELSS Aggressive

Hybrid Fund

BalancedAdvantage

Fund

Equity SavingsFund

Sche

me

Feat

ures

Type of Scheme

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

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

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

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

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

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

(An Open-ended dynamic asset allocation fund)

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

Positioning

No of stocks notexceeding 30.

Minimuminvestments of35% each intolarge and midcap stocks.

Seeks to investpredominantly in dividend yielding stocks.

Investing acrosslarge, mid andsmall cap stocks.

Tax savinginvestment option with statutory 3years lock-in.

Equity basedhybrid schemewith 65%-80%equity allocation.

Flexibility to invest 100% in Equity Basis PE ratio.

Investing inEquity, Arbitrage and Debt.

Benchmark Index

S&P BSE 250 Large Midcap Index

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

Nifty Dividend Op-portunities 50 Index

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

Nifty 500 Index CRISIL Hybrid 35+65 - Aggressive Index

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

"30% Nifty 50 + 70% CRISIL Liquid Fund Index"

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

Fund Manager

Dhimant Shah Dhimant Shah Dhimant Shah P.V.K. Mohan &Siddarth Mohta

P.V.K. Mohan P.V.K. Mohan (For Eq-uity Portion) & Bekxy Kuriakose (For Debt Portion)

P.V.K. Mohan (For Eq-uity Portion) & Bekxy Kuriakose (For Debt Portion)

P.V.K. Mohan (For Equity Portion) & Pankaj Jain (For Debt Portion)

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

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

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

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

Port

folio

Qua

nts Standard Devation 15.27% 18.49% 16.43% 17.77% 18.12% 12.35% 6.33% 4.68%

Beta 1.01 1.12 1.08 1.13 1.15 1.19 0.79 0.88

Sharpe 0.30 0.44 0.47 0.39 0.37 0.56 0.06 0.09

Port

folio

Det

ails

Month End AUM 307.78 2,020.24 199.28 822.95 379.37 1,646.50 168.75 72.60

No. of Stocks 30 82 60 67 66 58 41 43

Top 10 Stocks (%) 48.15 22.66 35.66 34.78 35.20 26.04 39.56 37.30

Top 10 Sector(%) 84.65 67.13 77.63 72.50 75.99 54.41 65.53 62.20

Overweight

Consumer Non Durables Banks Software Power Power Consumer Non

Durables Pharmaceuticals Software

Chemicals Chemicals Consumer Non Durables Construction Project Cement Power Auto Finance

Industrial Products Auto Ancillaries Petroleum Products Consumer Non Durables Construction Project Software Banks Auto

Auto Cement Gas FertilisersHotels, Resorts And Other Recreational Activities

Fertilisers Software Telecom - Services

Telecom - Equipment & Accessories

Textile Products PaperHotels, Resorts And Other Recreational Activities

FertilisersHotels, Resorts And Other Recreational Activities

Cement Cement

Underweight

Finance Consumer Non Durables Banks Finance Finance Finance Consumer

Durables Pharmaceuticals

Pharmaceuticals Industrial Capital Goods Pharmaceuticals Petroleum Products Petroleum Products Auto Industrial Products Consumer Non

Durables

Power Non - Ferrous Metals Construction Project Software Software Petroleum Products Industrial Capital Goods Chemicals

Banks Construction Consumer Durables Auto Auto Banks Consumer Non Durables Banks

Auto Ancillaries Media & Entertain-ment Finance Transportation Transportation Pharmaceuticals Auto Ancillaries Auto Ancillaries

Equity/Hybrid Funds Snapshot (As on November 30, 2018)Equity/Hybrid Funds Snapshot (As on November 30, 2018)

9

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 1,20,000.00 -11.67 1,12,319 -5.43 1,16,460 4.52 1,22,8983 Years SIP 3,60,000.00 9.13 4,12,950 10.47 4,21,163 12.41 4,33,1885 Years SIP 6,00,000.00 14.73 8,67,460 12.71 8,25,138 11.14 7,93,7487 Years SIP 8,40,000.00 19.75 16,97,721 15.15 14,41,170 12.36 13,04,461Since Inception SIP 12,00,000.00 19.39 33,32,346 14.59 25,73,199 12.03 22,43,502

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 1,20,000.00 -4.08 1,17,347 -4.95 1,16,775 4.52 1,22,8983 Years SIP 3,60,000.00 12.52 4,33,914 10.29 4,20,064 12.41 4,33,1885 Years SIP 6,00,000.00 12.73 8,25,506 10.15 7,74,476 11.14 7,93,7487 Years SIP 8,40,000.00 13.74 13,70,219 10.78 12,33,009 12.36 13,04,46110 Years SIP 12,00,000.00 13.20 23,88,870 12.39 22,87,666 12.03 22,43,502Since Inception SIP 16,90,000.00 11.71 40,91,359 NA NA 11.98 41,79,466Inception 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 1,20,000.00 1.13 1,20,727 -0.25 1,19,838 4.52 1,22,8983 Years SIP 3,60,000.00 9.63 4,16,021 11.40 4,26,926 12.41 4,33,1885 Years SIP 6,00,000.00 10.31 7,77,519 11.69 8,04,597 11.14 7,93,7487 Years SIP 8,40,000.00 12.52 13,11,936 13.40 13,53,694 12.36 13,04,46110 Years SIP 12,00,000.00 12.69 23,24,607 13.04 23,67,520 12.03 22,43,502Since Inception SIP 15,60,000.00 12.24 36,40,885 11.99 35,76,605 11.27 33,95,402

Inception Date - November 11, 2005

Principal Multi Cap Growth Fund - Growth


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


Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000.00 -8.33 1,14,543 -2.54 1,18,351 4.52 1,22,8983 Years SIP 3,60,000.00 10.23 4,19,665 10.46 4,21,080 12.41 4,33,1885 Years SIP 6,00,000.00 12.50 8,20,839 11.19 7,94,687 11.14 7,93,7487 Years SIP 8,40,000.00 15.78 14,73,683 13.04 13,36,450 12.36 13,04,46110 Years SIP 12,00,000.00 14.86 26,10,009 12.57 23,09,823 12.03 22,43,502Since Inception SIP 21,70,000.00 15.32 1,03,04,568 15.63 1,06,66,657 14.70 96,30,959

Inception Date - October 25, 2000

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 1,20,000.00 -9.01 1,14,094 -2.54 1,18,351 4.52 1,22,8983 Years SIP 3,60,000.00 9.80 4,17,075 10.46 4,21,080 12.41 4,33,1885 Years SIP 6,00,000.00 12.21 8,15,059 11.19 7,94,687 11.14 7,93,7487 Years SIP 8,40,000.00 15.61 14,64,951 13.04 13,36,450 12.36 13,04,46110 Years SIP 12,00,000.00 14.82 26,05,330 12.57 23,09,823 12.03 22,43,502Since Inception SIP 26,50,000.00 17.14 2,44,41,115 Not AvailableInception Date - March 31, 1996

Systematic Investment Plan (SIP) Returns (As on November 30, 2018)

SCHEMES MANAGED BY MR. DHIMANT SHAH

SCHEMES MANAGED BY MR. P.V.K. MOHAN & SIDDARTH MOHTA

SCHEMES MANAGED BY MR. P.V.K. MOHAN

Differentplansshallhaveadifferentexpensestructure.ReturnsshownaboveareforRegularPlan-Growthoption.Past performance may or may not be sustained in the future.The returns shown above are calculated using XIRR approach (CAGR Returns) assuming investment of `10,000/-onthe1stbusinessdayofeverymonth.XIRRhelpsincalculatingreturnoninvestmentsgivenaninitialandfinalvalueandaseriesofcashinflowsandoutflowswiththecorrectallowanceforthetimeimpactofthetransactions.Loadisnottakenintoconsiderationforcomputationofperformance.Forperformanceofallschemes,Investorsareadvisedtorefer‘Returns’sectiononpage33.Disclaimer:Theaboveinvestmentsimulationisforillustrativepurposesonlyandshouldnotbeconstruedasapromiseonminimumreturnsandsafeguardofcapital.TheAMC/MutualFundisnotguaranteeingorpromisingorforecastinganyreturns.SIPdoesnotassureaprofitorguaranteeprotectionagainstalossinadecliningmarket.Mr.DhimantShahmanagesPrincipalEmergingBluechipFund(w.e.f.June2011),PrincipalFocusedMulticapFund(w.e.f.July2017)andPrincipalDividendYieldFund(w.e.f.December2011).Mr.P.V.K.MohanmanagesPrincipalMultiCapGrowthFund(w.e.f.September2010),PrincipalTaxSavingsFund(w.e.f.September2010),PrincipalTaxSaverFund(w.e.f.July2017)andEquityportionofPrincipalBalancedAdvantageFundandPrincipalEquitySavingsFund.Mr.SiddarthMohtahasbeenappointedasaAssociateFundManagerofPrincipalMultiCapGrowthFund(w.e.f.August2018)^SinceTRIdataisnotavailablefortheperiod31-03-1996to30-06-1999forNifty50Index,SIPperformanceforsinceinceptionperiodisnotprovided.**SinceTRIdataisnotavailablefortheperiod31-03-1996to26-11-1998forNifty500Index,SIPperformanceforsinceinceptionperiodisnotprovided.*SinceperformancedataforNiftyDividendOpportunities50Indexisnotavailable,SIPperformancesinceinceptionperiodisnotprovided.

10

SCHEMES MANAGED BY MR. P.V.K. MOHAN

SCHEME MANAGED BY MR. P.V.K. MOHAN & MS. BEKXY KURIAKOSE

SCHEME MANAGED BY MR. P.V.K. MOHAN & MR. PANKAJ JAIN

SCHEME MANAGED BY MR. RAJAT JAIN

Principal Balanced Advantage Fund - Growth


Scheme’s ReturnsScheme’s Benchmark (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 1,20,000.00 3.91 1,22,512 5.45 1,47,490 4.52 1,22,8983 Years SIP 3,60,000.00 6.56 3,97,546 9.04 4,90,271 12.41 4,33,1885 Years SIP 6,00,000.00 7.46 7,24,119 10.30 8,95,324 11.14 7,93,7487 Years SIP 8,40,000.00 9.83 11,91,838 11.44 14,23,173 12.36 13,04,461Since Inception SIP 9,50,000.00 9.95 14,21,320 11.36 16,82,544 11.98 15,44,256Inception 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 1,20,000.00 -2.51 1,18,375 2.92 1,21,880 4.52 1,22,8983 Years SIP 3,60,000.00 11.61 4,28,236 9.66 4,16,202 12.41 4,33,1885 Years SIP 6,00,000.00 12.66 8,24,106 10.35 7,78,268 11.14 7,93,7487 Years SIP 8,40,000.00 14.36 14,00,982 11.56 12,67,701 12.36 13,04,46110 Years SIP 12,00,000.00 13.43 24,17,893 11.30 21,58,921 12.03 22,43,502Since Inception SIP 22,60,000.00 13.79 95,57,555 9.96 62,50,206 14.47 1,03,22,100InceptionDate-January14,2000

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 1,20,000.00 -8.18 1,14,649.29 -10.28 1,13,250.82 4.52 1,22,8983 Years SIP 3,60,000.00 5.72 3,92,610.75 5.84 3,93,318.58 12.41 4,33,1885 Years SIP 6,00,000.00 6.63 7,09,218.30 8.71 7,47,203.72 11.14 7,93,7487 Years SIP 8,40,000.00 8.80 11,48,818.38 11.67 12,72,921.79 12.36 13,04,46110 Years SIP 12,00,000.00 9.21 19,31,814.83 12.31 22,77,825.23 12.03 22,43,502Since Inception SIP 23,20,000.00 11.45 79,33,525.63 NA NA 14.35 1,11,28,267InceptionDate-July27,1999Differentplansshallhaveadifferentexpensestructure.ReturnsshownaboveareforRegularPlan-Growthoption.Past performance may or may not be sustained in the future.The returns shown above are calculated using XIRR approach (CAGR Returns) assuming investment of `10,000/-onthe1stbusinessdayofeverymonth.XIRRhelpsincalculatingreturnoninvestmentsgivenaninitialandfinalvalueandaseriesofcashinflowsandoutflowswiththecorrectallowanceforthetimeimpactofthetransactions.Loadisnottakenintoconsiderationforcomputationofperformance.Forperformanceofallschemes,Investorsareadvisedtorefer‘Returns’sectiononpage33.Disclaimer:Theaboveinvestmentsimulationisforillustrativepurposesonlyandshouldnotbeconstruedasapromiseonminimumreturnsandsafeguardofcapital.TheAMC/MutualFundisnotguaranteeingorpromisingorforecastinganyreturns.SIPdoesnotassureaprofitorguaranteeprotectionagainstalossinadecliningmarket.Mr.P.V.KMohanmanagesPrincipalTaxSaverFund(w.e.f.July2017),PrincipalBalancedAdvantageFund–EquityPortion(w.e.f.July2017)PrincipalHybridEquityFund–EquityPortion(w.e.f.May2010)andPrincipalEquitySavingsFund–EquityPortion(w.e.f.June2016).Mr.PankajJainmanagesPrincipalEquitySavingsFund–Debtportion(w.e.f.January2018).Ms.BekxyKuriakosemanagesPrincipalHybridEquityFund-DebtPortion(w.e.f.Mar2016)andPrincipalBalancedAdvantageFund-DebtPortion(w.e.f.January01,2018)Mr.RajatJainmanagesPrincipalNifty100EqualWeightFund(w.e.f.August2015)*Freshsaleofunitsi.e.bywayofpurchase/Switch-insandregistrationoffreshSIParrangementundertheSchemeissuspendedtillfurthernotice.# The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200WitheffectfromJune10,2018,freshallotmentofunitsinPrincipalPersonalTaxsaverFundevenincaseofSIPsregisteredpriortocloseofbusinesshoursofMarch31,2017issuspended.^SinceTRIdataisnotavailablefortheperiod31-03-1996to30-06-1999forNifty50Index,SIPperformanceforsinceinceptionperiodisnotprovided.**SinceTRIdataisnotavailablefortheperiod31-03-1996to26-11-1998forNifty500Index,SIPperformanceforsinceinceptionperiodisnotprovided.~SinceperformancedataforNifty100EqualWeightIndexisnotavailable,SIPperformancesinceinceptionperiodisnotprovided.

Systematic Investment Plan (SIP) Returns (As on November 30, 2018)

Principal Equity Savings Fund - Growth


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

Additional Benchmark (CRISIL 10 year Gilt Index)

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000.00 1.53 1,20,986.12 6.71 1,24,288.22 8.26 1,25,273.273 Years SIP 3,60,000.00 5.97 3,94,095.34 8.76 4,10,888.60 4.38 3,84,792.975 Years SIP 6,00,000.00 6.59 7,08,453.00 8.55 7,44,682.55 6.29 7,03,209.557 Years SIP 8,40,000.00 6.72 10,66,468.92 9.14 11,65,992.38 6.52 10,58,962.5510 Years SIP 12,00,000.00 6.70 16,92,928.28 9.00 19,20,234.79 6.32 16,60,299.20Since Inception SIP 19,80,000.00 7.17 37,11,552.12 9.44 48,21,898.20 6.16 33,85,950.74Inception Date - May 23, 2002

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 1,20,000.00 -8.31 1,14,563 -2.54 1,18,351 4.52 1,22,8983 Years SIP 3,60,000.00 5.31 3,90,225 10.46 4,21,080 12.41 4,33,1885 Years SIP 6,00,000.00 7.60 7,26,739 11.19 7,94,687 11.14 7,93,7487 Years SIP 8,40,000.00 10.63 12,26,339 13.04 13,36,450 12.36 13,04,46110 Years SIP 12,00,000.00 10.81 21,02,419 12.57 23,09,823 12.03 22,43,502Since Inception SIP 27,10,000.00 17.51 2,78,91,617 Not AvailableInception Date - March 31, 1996

11

Principal Emerging Bluechip Fund(Anopenendedequityschemeinvestinginbothlargecapandmidcapstocks.)

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 &midcapcompanies.

Fund Details Portfolio

Dividend UpdateDate Regular Plan Direct Plan

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

Market Cap Allocation (As on November 30, 2018) (% of NAV)

Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of other than Large & Mid Cap CompaniesOthersTreasury BillMutual FundsCash & Other Assets

37.73%34.99%

18.85%

3.49%0.06%0.35%

4.53%

0%

10%

20%

30%

40%

Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.55%riskfreerateofreturn(1days-MIBORRateAsonNovember30,2018).** 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 November 30, 2018).# Total ExpenseRatioincludesGSTonmanagementfees.

Performance (As on 30/11/2018)

Period Principal Emerging Bluechip Fund

NIFTY Large Midcap 250 Index - TRI

(Scheme’s Benchmark)

Nifty 50 - TRI(Additional Benchmark)

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-11-2017 to 30-11-2018) -8.13 9187.26 -2.08 9792.07 7.82 10782.433 Years (30-11-2015 to 30-11-2018) 13.80 14744.42 12.89 14392.34 12.54 14259.635 Years (29-11-2013 to 30-11-2018) 24.35 29768.68 18.11 23003.65 13.37 18741.59Since Inception (12-11-2008 to 30-11-2018) 25.78 100380.00 18.51 55167.61 15.64 43100.04Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of ` 10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.

Data As on November 30, 2018

For NAV details, please refer page 6

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

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

Asset Under Managment (` Cr) MAAUM:1,981.04

AUM:2,020.24

Allotment Date & Benchmark Allotment Date

RegularPlan:November12,2008DirectPlan:January1,2013

Benchmark: NIFTY Large Midcap 250 Index(w.e.f.May30,2018)

`

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

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

Ratios & Other Details (As on November 30, 2018)Standard Deviation^ (Annualised): 18.49%Beta^ : 1.12Sharpe Ratio^ (Annualised) : 0.44 Portfolio Turnover Ratio**:0.71

Fund Manager DetailsName: Dhimant Shah

Managing Since: June2011Total Experience: 27 years

Expense Ratio# (As on November 30, 2018)Direct Plan - 1.25 %

Regular Plan - 2.11 %`

Sector Allocation (As on November 30, 2018) (% of NAV)

Banks 13.49% Finance 8.42% Consumer Non Durables 7.86% Software 6.93% Industrial Products 6.30% Pharmaceuticals 6.10% Chemicals 5.74% Auto Ancillaries 4.64% Consumer Durables 4.08% Cement 3.57% Auto 3.47% Gas 3.21% Construction Project 2.88% Petroleum Products 2.18% Transportation 2.07% Textile Products 1.87% Media & Entertainment 1.80% Construction 1.16% Hotels, Resorts And Other Recre-

ational Activities 1.09% Telecom - Equipment & Accessories 1.07% Retailing 1.07% Pesticides 1.00% Textiles - Cotton 0.94% Power 0.88% Ferrous Metals 0.84% Non - Ferrous Metals 0.80% Commercial Services 0.75% Paper 0.47% Textiles - Synthetic 0.38%

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

Top 10 Equity Holdings*Holdinglessthan0.75%#->LessThan0.005%

Name Rating % of NAV

Banks 13.49HDFCBankLtd. 3.98ICICIBankLtd. 2.49KotakMahindraBankLtd. 1.67State Bank of India 1.28RBLBankLtd. 1.18IndusIndBankLtd. 1.12CityUnionBankLtd. 0.96Vijaya Bank 0.81Finance 8.42BajajFinanceLtd. 2.12BajajFinservLtd. 1.49Mahindra & Mahindra Financial ServicesLtd. 1.33

BharatFinancialInclusionLtd. 1.31MuthootFinanceLtd. 1.09Cholamandalam Investment and FinanceCompanyLtd. 1.08

Consumer Non Durables 7.86BritanniaIndustriesLtd. 2.48ITCLtd. 1.39JubilantFoodworksLtd. 1.28GlaxoSmithKlineConsumerHealthcareLtd. 1.00VarunBeveragesLtd. 0.86ParagMilkFoodsLtd. 0.85Software 6.87TataConsultancyServicesLtd. 1.97InfosysLtd. 1.51L&TTechnologyServicesLtd. 1.38CyientLtd. 1.17Larsen&ToubroInfotechLtd. 0.84Pharmaceuticals 6.10TorrentPharmaceuticalsLtd. 1.69Divi'sLaboratoriesLtd. 1.35JubilantLifeSciencesLtd. 1.07BioconLtd. 1.00NatcoPharmaLtd. 0.99Chemicals 5.74NavinFluorineInternationalLtd. 1.34FineOrganicIndustriesLtd. 1.30AtulLtd. 1.12TataChemicalsLtd. 1.10NOCILLtd. 0.88Industrial Products 5.61AIAEngineeringLtd. 2.08GraphiteIndiaLtd. 1.07SchaefflerIndiaLtd. 0.86Mold-TekPackagingLtd. 0.83FinolexCablesLtd. 0.77Consumer Durables 4.08BataIndiaLtd. 1.29HavellsIndiaLtd. 0.98DixonTechnologies(India)Ltd. 0.91BajajElectricalsLtd. 0.90Auto Ancillaries 4.01ExideIndustriesLtd. 1.76


MRFLtd. 1.42MothersonSumiSystemsLtd. 0.83Cement 3.57ShreeCementLtd. 1.42OdishaCementLtd. 1.30BirlaCorporationLtd. 0.85Auto 3.47MarutiSuzukiIndiaLtd. 1.91EicherMotorsLtd. 1.56Gas 3.21IndraprasthaGasLtd. 1.20PetronetLNGLtd. 1.14GujaratStatePetronetLtd. 0.87Petroleum Products 2.18RelianceIndustriesLtd. 2.18Construction Project 2.14VoltasLtd. 1.25KECInternationalLtd. 0.89Transportation 2.07ContainerCorporationofIndiaLtd. 1.23TCIExpressLtd. 0.84Media & Entertainment 1.80PVRLtd. 1.04SunTVNetworkLtd. 0.76Textile Products 1.26SRFLtd. 1.26Hotels, Resorts And Other Recreational Activities 1.09

TheIndianHotelsCompanyLtd. 1.09Telecom - Equipment & Accessories 1.07SterliteTechnologiesLtd. 1.07Pesticides 1.00UPLLtd. 1.00Retailing 0.98FutureRetailLtd. 0.98Textiles - Cotton 0.94VardhmanTextilesLtd. 0.94Power 0.88CESCLtd. 0.88Ferrous Metals 0.84JindalSteel&PowerLtd. 0.84Non - Ferrous Metals 0.80HindustanZincLtd. 0.80Other Equities* 5.58 Total Equity 95.06 Treasury Bills 0.06 91 DAY T-BILL Sovereign 0.06Investment Funds/Mutual Funds 0.35 Principal Short Term Debt Fund- Direct Plan- Growth Option 0.27Principal Cash Management Fund -Growth Option 0.08

DerivativesIndex Future/Option #Cash & Cash Equivalents 4.53Net Assets 100.00

12

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

Investment Objective:Toachievelong–termcapitalappreciation.


Name % of NAV

% of NAV Derivatives

Banks 19.76HDFCBankLtd. 5.21ICICIBankLtd. 4.78State Bank of India 2.74KotakMahindraBankLtd. 1.38CityUnionBankLtd. 1.19KarurVysyaBankLtd. 1.04AxisBankLtd. 0.74Canara Bank 0.72TheFederalBankLtd. 0.70Bank of Baroda 0.55Vijaya Bank 0.43Syndicate Bank 0.28Consumer Non Durables 12.94ITCLtd. 3.74MaricoLtd. 2.41DaburIndiaLtd. 1.96GlaxoSmithKlineConsumerHealthcareLtd. 1.94

BritanniaIndustriesLtd. 1.64Bombay Burmah Trading CorporationLtd. 1.25

Software 8.14TataConsultancyServicesLtd. 3.43InfosysLtd. 2.40TechMahindraLtd. 1.48HCLTechnologiesLtd. 0.83Construction Project 5.44Larsen&ToubroLtd. 3.01IrconInternationalLtd. 1.19KECInternationalLtd. 0.88Hindustan Construction CompanyLtd.@@ 0.36

Power 5.28TataPowerCompanyLtd. 2.89NTPCLtd. 1.51KalpataruPowerTransmissionLtd. 0.74RattanindiaPowerLtd. 0.14Finance 4.79Housing Development Finance CorporationLtd. 2.25

ICICI Prudential Life Insurance CompanyLtd. 1.87

Shriram Transport Finance CompanyLtd. 0.67

Petroleum Products 4.17RelianceIndustriesLtd. 4.17Pharmaceuticals 4.16AurobindoPharmaLtd. 1.31DishmanCarbogenAmcisLtd. 1.02AbbottIndiaLtd. 0.95SunPharmaceuticalIndustriesLtd. 0.88Cement 4.13ACCLtd. 0.99UltratechCementLtd. 0.97TheIndiaCementsLtd. 0.93

Name % of NAV

% of NAV Derivatives

BirlaCorporationLtd. 0.78JKCementLtd. 0.46Auto 3.69Mahindra&MahindraLtd. 1.20MarutiSuzukiIndiaLtd. 1.09BajajAutoLtd. 0.70HeroMotoCorpLtd. 0.70Chemicals 2.31PhillipsCarbonBlackLtd. 1.92RainIndustriesLtd. 0.39Industrial Products 2.25RamkrishnaForgingsLtd. 1.49JainIrrigationSystemsLtd. 0.76Auto Ancillaries 2.13AsahiIndiaGlassLtd. 1.38RicoAutoIndustriesLtd. 0.75Hotels, Resorts And Other Recreational Activities 2.07

TheIndianHotelsCompanyLtd. 2.07Fertilisers 2.04Chambal Fertilisers and ChemicalsLtd. 2.04

Consumer Durables 1.82BajajElectricalsLtd. 1.82Ferrous Metals 1.68KirloskarFerrousIndustriesLtd. 1.12SteelAuthorityofIndiaLtd. 0.56Non - Ferrous Metals 1.51NationalAluminiumCompanyLtd. 0.86HindustanZincLtd. 0.65Telecom - Services 1.35BhartiAirtelLtd. 1.35Minerals/Mining 1.22CoalIndiaLtd. 1.22Textile Products 0.63RaymondLtd. 0.63Construction 0.51GayatriProjectsLtd. 0.50MilestoneGlobalLtd.&& 0.01Diversified Consumer Services 0.29CLEducateLtd. 0.29Total Equity 92.31 Unlisted 0.02 CrescentFinstockLtd.## & && 0.02Treasury Bills 0.12 91 DAY T-BILL Sovereign 0.12Investment Funds/Mutual Funds 0.81 Principal Short Term Debt Fund- Direct Plan- Growth Option 0.81

Index Futures / Options 0.09Cash & Cash Equivalents 6.74 Net Assets 100.00

Dividend Update

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

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

Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.55%riskfreerateofreturn(1days-MIBORRateAsonNovember30,2018).** 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 November 30, 2018).# TotalExpenseRatioincludesGSTonmanagementfees.





Asset Under Managment (` Cr) MAAUM:813.40

AUM:822.95


RegularPlan:October25,2000DirectPlan:January1,2013Benchmark: Nifty 500 Index

(w.e.f.April23,2018)

`

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


Ratios & Other Details (As on November 30, 2018)Standard Deviation^ (Annualised):17.77%Beta^ :1.13Sharpe Ratio^ (Annualised) :0.39 Portfolio Turnover Ratio**: 0.24

Fund Manager DetailsName: P.V.K.Mohan&SiddarthMohta(As-

sociate Fund Manager)Managing Since: September 2010 & August

2018Total Experience: 25 years & 09 years

Expense Ratio# (As on November 30, 2018)Direct Plan - 1.39%


Sector Allocation (Top 10) (As on November 30, 2018) (% of NAV)

Banks 19.76% Consumer Non Durables 12.94% Software 8.14% Construction Project 5.44% Power 5.28% Finance 4.79% Petroleum Products 4.17% Pharmaceuticals 4.16% Cement 4.13% Auto 3.69%


Period Principal Multi Cap Growth Fund

Nifty 500 Index - TRI(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-11-2017 to 30-11-2018) -6.50 9349.97 0.74 10074.11 7.82 10782.433 Years (30-11-2015 to 30-11-2018) 12.65 14301.61 12.24 14144.00 12.54 14259.635 Years (29-11-2013 to 30-11-2018) 18.31 23200.61 15.12 20232.79 13.37 18741.59Since Inception (25-10-2000 to 30-11-2018) 15.57 137510.00 15.82 143003.02 14.64 118711.81Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.

Top 10 Equity Holdings**Thinly traded/Non traded securities and illiquid securities as definedinSEBIRegulationsandGuidelines.@@RightEntitalment-0.02%(%ofNAV)&& Thinly Traded Securities##Llliquid Shares


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

Treasury BillOthers

Mutual FundsCash & Other Assets

57.40%

13.95% 19.75%

1.23% 0.12%0.81% 6.74%

0%

20%

40%

60%

80%

13

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

lockinof3yearsandtaxbenefit)

Investment Objective:Tobuildahighqualitygrowth-orientedportfoliotoprovidelong-termcapitalgainstotheinvestors.Theschemeaimsatprovidingreturnsthroughcapitalappreciation.


Name % of NAVBanks 20.33HDFCBankLtd. 5.12ICICIBankLtd. 4.77State Bank of India 2.77KotakMahindraBankLtd. 1.54CityUnionBankLtd. 1.14KarurVysyaBankLtd. 1.08AxisBankLtd. 0.74Canara Bank 0.73TheFederalBankLtd. 0.71Bank of Baroda 0.68Vijaya Bank 0.64Syndicate Bank 0.41Consumer Non Durables 12.71ITCLtd. 3.43MaricoLtd. 2.48GlaxoSmithKlineConsumer HealthcareLtd. 1.95

DaburIndiaLtd. 1.95BritanniaIndustriesLtd. 1.62Bombay Burmah Trading CorporationLtd. 1.28

Software 8.70TataConsultancyServicesLtd. 3.56InfosysLtd. 2.84TechMahindraLtd. 1.47HCLTechnologiesLtd. 0.83Construction Project 5.73Larsen&ToubroLtd. 2.92IrconInternationalLtd. 1.20KECInternationalLtd. 1.15Hindustan Construction CompanyLtd.@@ 0.46

Power 5.56TataPowerCompanyLtd. 2.89NTPCLtd. 1.57KalpataruPowerTransmissionLtd. 0.92RattanindiaPowerLtd. 0.18Finance 5.30Housing Development Finance CorporationLtd. 2.76ICICI Prudential Life Insurance CompanyLtd. 1.87Shriram Transport Finance CompanyLtd. 0.67

Cement 4.80TheIndiaCementsLtd. 1.19ACCLtd. 1.17UltratechCementLtd. 1.03BirlaCorporationLtd. 0.81JKCementLtd. 0.60

Name % of NAVPharmaceuticals 4.48AurobindoPharmaLtd. 1.36AbbottIndiaLtd. 1.22DishmanCarbogenAmcisLtd. 1.02SunPharmaceuticalIndustriesLtd. 0.88Auto 4.24MarutiSuzukiIndiaLtd. 1.30Mahindra&MahindraLtd. 1.20BajajAutoLtd. 0.87HeroMotoCorpLtd. 0.87Petroleum Products 4.14RelianceIndustriesLtd. 4.14Industrial Products 2.53RamkrishnaForgingsLtd. 1.50JainIrrigationSystemsLtd. 1.03Chemicals 2.45PhillipsCarbonBlackLtd. 1.92RainIndustriesLtd. 0.53Auto Ancillaries 2.33AsahiIndiaGlassLtd. 1.40RicoAutoIndustriesLtd. 0.93Hotels, Resorts And Other Recreational Activities 2.15

TheIndianHotelsCompanyLtd. 2.15Fertilisers 2.01ChambalFertilisersandChemicalsLtd. 2.01Non - Ferrous Metals 1.95NationalAluminiumCompanyLtd. 1.07HindustanZincLtd. 0.88Ferrous Metals 1.84KirloskarFerrousIndustriesLtd. 1.15SteelAuthorityofIndiaLtd. 0.69Consumer Durables 1.83BajajElectricalsLtd. 1.83Telecom - Services 1.34BhartiAirtelLtd. 1.34Minerals/Mining 1.27CoalIndiaLtd. 1.27Textile Products 0.86RaymondLtd. 0.86Construction 0.68GayatriProjectsLtd. 0.68Diversified Consumer Services 0.37CLEducateLtd. 0.37Total Equity 97.60 Treasury Bills 0.04 91 DAY T-BILL Sovereign 0.04Cash & Cash Equivalents 2.36 Net Assets 100.00

Dividend Update


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

Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.55%riskfreerateofreturn(1days-MIBORRateAsonNovember30,2018).** 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(AsonNovember30,2018).# TotalExpenseRatioincludesGSTonmanagementfees.



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


AUM:379.37


RegularPlan:March31,1996DirectPlan:January1,2013Benchmark: Nifty 500 Index

`

Load StructureEntry Load: NILExit Load: NIL

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

Ratios & Other Details (As on November 30, 2018)Standard Deviation^ (Annualised): 18.12%Beta^ : 1.15Sharpe Ratio^ (Annualised) : 0.37 Portfolio Turnover Ratio** : 0.39

Fund Manager DetailsName: P.V.K.Mohan

Managing Since: September 2010Total Experience: 25 years


Regular Plan - 2.64%`


Banks 20.33% Consumer Non Durables 12.71% Software 8.70% Construction Project 5.73% Power 5.56% Finance 5.30% Cement 4.80% Pharmaceuticals 4.48% Auto 4.24% Petroleum Products 4.14%


Period Principal Tax Savings Fund

Nifty 500 - TRI*(Scheme’s Benchmark)

Nifty 50 - TRI**(Additional Benchmark)

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-11-2017 to 30-11-2018) -7.02 9297.79 0.74 10074.11 7.82 10782.433 Years (30-11-2015 to 30-11-2018) 12.36 14188.23 12.24 14144.00 12.54 14259.635 Years (29-11-2013 to 30-11-2018) 18.13 23022.19 15.12 20232.79 13.37 18741.59Since Inception (31-03-1996 to 30-11-2018) 16.24 303600.20 13.55 178396.14 12.50 144485.43Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.*As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 500 IndexPRIvaluesfromdate31-03-1996to26-11-1998andTRIvaluessince26-11-1998.**As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR ofNifty50IndexPRIvaluesfromdate31-03-1996to30-06-1999andTRIvaluessince30-06-1999.

Top 10 Equity Holdings@@RightEntitalment-0.03%(%ofNAV)


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

59.42%

14.84%22.11%

1.23% 0.04% 2.36%0%

20%

40%

60%

80%

14

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

Investment Objective:Toprovidelongtermgrowthofcapital.TheInvestmentManagerwillaimtoachieveareturnonassetsinexcessoftheperformanceofS&PBSE100INDEX


Name % of NAVBanks 21.08HDFCBankLtd. 5.39ICICIBankLtd. 4.76State Bank of India 2.81KotakMahindraBankLtd. 1.59KarurVysyaBankLtd. 1.16CityUnionBankLtd. 1.13Vijaya Bank 0.84AxisBankLtd. 0.74Canara Bank 0.73Bank of Baroda 0.73TheFederalBankLtd. 0.70Syndicate Bank 0.50Consumer Non Durables 12.99ITCLtd. 3.53MaricoLtd. 2.50GlaxoSmithKlineConsumer HealthcareLtd. 2.02

DaburIndiaLtd. 1.95BritanniaIndustriesLtd. 1.67Bombay Burmah Trading CorporationLtd. 1.32

Software 8.88TataConsultancyServicesLtd. 3.63InfosysLtd. 2.94TechMahindraLtd. 1.48HCLTechnologiesLtd. 0.83Finance 5.34Housing Development Finance CorporationLtd. 2.76

ICICI Prudential Life Insurance CompanyLtd. 1.90

Shriram Transport FinanceCompanyLtd. 0.68

Petroleum Products 4.69RelianceIndustriesLtd. 4.69Power 4.64TataPowerCompanyLtd. 2.93NTPCLtd. 1.71Pharmaceuticals 4.64AurobindoPharmaLtd. 1.38AbbottIndiaLtd. 1.29DishmanCarbogenAmcisLtd. 1.09SunPharmaceuticalIndustriesLtd. 0.88Construction Project 4.61Larsen&ToubroLtd. 2.94IrconInternationalLtd. 1.20Hindustan Construction CompanyLtd.@@ 0.47

Dividend Update


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





AUM:271.16


RegularPlan:March31,1996DirectPlan:January1,2013Benchmark: Nifty 500 Index

`


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

Ratios & Other Details (As on November 30, 2018)Standard Deviation^ (Annualised):16.58%Beta^ :1.06Sharpe Ratio^ (Annualised) :0.14 Portfolio Turnover Ratio** : 0.52

Fund Manager DetailsName: P.V.K.Mohan

Managing Since: July2017Total Experience: 25 years


Regular Plan - 2.62%


Banks 21.08% Consumer Non Durables 12.99% Software 8.88% Finance 5.34% Petroleum Products 4.69% Power 4.64% Pharmaceuticals 4.64% Construction Project 4.61% Auto 4.34% Cement 4.29%


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 (30-11-2017 to 30-11-2018) -6.53 9346.75 0.74 10074.11 7.82 10782.433 Years (30-11-2015 to 30-11-2018) 7.80 12528.84 12.24 14144.00 12.54 14259.635 Years (29-11-2013 to 30-11-2018) 13.33 18710.16 15.12 20232.79 13.37 18741.59Since Inception (31-03-1996 to 30-11-2018) 19.42 559909.10 13.55 178396.14 12.50 144485.43Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.*As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 500 IndexPRIvaluesfromdate31-03-1996to26-11-1998andTRIvaluessince26-11-1998.**As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR ofNifty50IndexPRIvaluesfromdate31-03-1996to30-06-1999andTRIvaluessince30-06-1999.

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

`

Name % of NAVAuto 4.34MarutiSuzukiIndiaLtd. 1.32Mahindra&MahindraLtd. 1.20BajajAutoLtd. 0.91HeroMotoCorpLtd. 0.91Cement 4.29TheIndiaCementsLtd. 1.25ACCLtd. 1.10UltratechCementLtd. 1.06BirlaCorporationLtd. 0.88Industrial Products 2.66RamkrishnaForgingsLtd. 1.55JainIrrigationSystemsLtd. 1.11Auto Ancillaries 2.55AsahiIndiaGlassLtd. 1.54RicoAutoIndustriesLtd. 1.01Chemicals 2.52PhillipsCarbonBlackLtd. 1.94RainIndustriesLtd. 0.58Hotels, Resorts And Other Recreational Activities 2.16

TheIndianHotelsCompanyLtd. 2.16Fertilisers 2.08ChambalFertilisersandChemicalsLtd. 2.08Ferrous Metals 1.90KirloskarFerrousIndustriesLtd. 1.17SteelAuthorityofIndiaLtd. 0.73Consumer Durables 1.84BajajElectricalsLtd. 1.84Telecom - Services 1.34BhartiAirtelLtd. 1.34Minerals/Mining 1.29CoalIndiaLtd. 1.29Non - Ferrous Metals 1.16NationalAluminiumCompanyLtd. 1.16Textile Products 0.94RaymondLtd. 0.94Construction 0.76GayatriProjectsLtd. 0.76Diversified Consumer Services 0.40CLEducateLtd. 0.40Total Equity 97.10 Treasury Bills 0.05 91 DAY T-BILL 08-Feb-2019 Sovereign 0.05Cash & Cash Equivalents 2.85 Net Assets 100.00 Top 10 Equity Holdings@@RightEntitalment-0.03%(%ofNAV)


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

60.25%

15.12% 20.50%

1.23% 0.05% 2.85%0%

20%

40%

60%

80%

15

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

Investment Objective:Toprovidecapitalappreciationand/ordividenddistributionbyinvestingincompaniesacrossmarketcapitalization.


Name % of NAV

Banks 19.43

HDFCBankLtd. 7.56

ICICIBankLtd. 4.82

KotakMahindraBankLtd. 4.25

State Bank of India 2.80

Consumer Non Durables 15.57

ITCLtd. 4.72

HindustanUnileverLtd. 4.65

BritanniaIndustriesLtd. 3.89

NestleIndiaLtd. 2.31

Software 11.62

TataConsultancyServicesLtd. 3.45

InfosysLtd. 3.03

L&TTechnologyServicesLtd. 2.72

NIITLtd. 2.42

Auto 7.93

HeroMotoCorpLtd. 2.75

MarutiSuzukiIndiaLtd. 2.69

BajajAutoLtd. 2.49

Finance 7.60Housing Development Finance CorporationLtd. 4.80

BajajFinservLtd. 2.80

Petroleum Products 6.47

RelianceIndustriesLtd. 6.47

Chemicals 4.88

NavinFluorineInternationalLtd. 2.54

NOCILLtd. 2.34

Construction Project 4.30

Larsen&ToubroLtd. 3.25

IrconInternationalLtd. 1.05

Name % of NAV

Cement 3.54

ShreeCementLtd. 3.54

Industrial Products 3.31

AIAEngineeringLtd. 3.31

Pharmaceuticals 2.39

AbbottIndiaLtd. 2.39Telecom - Equipment & Accessories 2.30

SterliteTechnologiesLtd. 2.30

Media & Entertainment 2.16Zee Entertainment EnterprisesLtd. 2.16

Non - Ferrous Metals 2.02

VedantaLtd. 2.02

Gas 1.87

GAIL(India)Ltd. 1.87

Ferrous Metals 1.29

JSWSteelLtd. 1.29

Total Equity 96.68

Treasury Bills 0.10

91 DAY T-BILL Sovereign 0.10

Derivatives

Index Future/Option #

Cash & Cash Equivalents 3.22

Net Assets 100.00



Dividend Update


15-Dec-17 2.11 28.09 1.72 28.4616-Jun-17 5.98 31.90 6.13 32.3123-Dec-16 1.12 27.34 1.22 27.70Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.






AUM:307.78


RegularPlan:November11,2005DirectPlan:January1,2013

Benchmark: S&P BSE 250 Large Midcap Index

`





Managing Since: July2017Total Experience: 27 years




Banks 19.43% Consumer Non Durables 15.57% Software 11.62% Auto 7.93% Finance 7.60% Petroleum Products 6.47% Chemicals 4.88% Construction Project 4.30% Cement 3.54% Industrial Products 3.31%


Period Principal Focused Multicap Fund

S&P BSE 250 Large Midcap - TRI



Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-11-2017 to 30-11-2018) 1.58 10158.29 2.99 10299.27 7.82 10782.433 Years (30-11-2015 to 30-11-2018) 10.44 13475.50 12.75 14338.82 12.54 14259.635 Years (29-11-2013 to 30-11-2018) 14.95 20081.49 15.18 20285.64 13.37 18741.59Since Inception (11-11-2005 to 30-11-2018) 14.94 61610.00 13.36 51408.70 13.13 50107.04Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.

Top 10 Equity Holdings#->LessThan0.005%

Equity & Equity Related Instruments of Large Cap Companies

Equity & Equity Related Instruments of Mid Cap Companies

Equity & Equity Related Instruments of Small Cap CompaniesOthersTreasury BillCash & Other Assets

77.61%

10.72% 7.30% 1.05% 0.10% 3.22%0%

20%

40%

60%

80%

100%

16

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

dividend yielding stocks)

Investment Objective:Toprovidecapitalappreciationand/ordividenddistributionbyinvestingpredominantlyinawell-diversifiedportfolioofcompaniesthathavearelativelyhighdividendyield.


Dividend Update


15-Dec-17 3.50 26.24 NA NA16-Jun-17 5.82 28.38 2.93 29.3223-Dec-16 0.95 23.65 1.23 24.66Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.







AUM:199.28


RegularPlan:October15,2004DirectPlan:January1,2013

Benchmark: Nifty Dividend Opportunities 50 Index

`





Managing Since: December 2011Total Experience: 27 years




Software 19.26% Consumer Non Durables 15.14% Banks 10.67% Chemicals 6.52% Auto 6.09% Petroleum Products 5.29% Gas 4.06% Industrial Products 3.80% Auto Ancillaries 3.61% Cement 3.19%


Period Principal Dividend Yield Fund

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


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-11-2017 to 30-11-2018) -1.24 9875.60 2.06 10205.51 7.82 10782.433 Years (30-11-2015 to 30-11-2018) 13.81 14747.07 12.98 14427.33 12.54 14259.635 Years (29-11-2013 to 30-11-2018) 16.68 21644.30 12.76 18239.30 13.37 18741.59Since Inception (15-10-2004 to 30-11-2018) 12.31 51600.00 NA NA 15.04 72473.29Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.


Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap CompaniesOthersTreasury BillMutual FundsCash & Other Assets

59.50%

9.84%24.09%

3.98% 0.05% 0.11%2.43%

0%

20%

40%

60%

80%

Top 10 Equity Holdings#->LessThan0.005%

Name Rating % of NAV% of NAV

Derivatives

Software 19.26TataConsultancyServicesLtd. 3.94InfosysLtd. 3.62HCLTechnologiesLtd. 2.34NIITLtd. 2.19CyientLtd. 1.95TechMahindraLtd. 1.76SaskenTechnologiesLtd. 1.32CignitiTechnologiesLtd. 1.08Larsen&ToubroInfotechLtd. 1.06Consumer Non Durables 15.14HindustanUnileverLtd. 6.89ITCLtd. 5.30VSTIndustriesLtd. 1.61ColgatePalmolive(India)Ltd. 1.34Banks 10.67 -0.11HDFCBankLtd. 2.87ICICIBankLtd. 2.51State Bank of India 2.14KotakMahindraBankLtd. 1.12Vijaya Bank 1.04AxisBankLtd. 0.99 -0.11Chemicals 6.52NOCILLtd. 1.69AartiIndustriesLtd. 1.63FineOrganicIndustriesLtd. 1.25NavinFluorineInternationalLtd. 1.06PhillipsCarbonBlackLtd. 0.89Auto 6.09BajajAutoLtd. 2.62MarutiSuzukiIndiaLtd. 2.00HeroMotoCorpLtd. 1.47Petroleum Products 5.29RelianceIndustriesLtd. 3.38BharatPetroleumCorporationLtd. 1.91Gas 4.06GAIL(India)Ltd. 2.08IndraprasthaGasLtd. 1.03PetronetLNGLtd. 0.95Industrial Products 3.80AIAEngineeringLtd. 2.12HEGLtd. 0.94UflexLtd. 0.74Auto Ancillaries 3.61AsahiIndiaGlassLtd. 1.43MRFLtd. 1.13ExideIndustriesLtd. 1.05


Derivatives

Cement 3.19OdishaCementLtd. 1.62UltratechCementLtd. 1.57Construction Project 3.18Larsen&ToubroLtd. 1.13IrconInternationalLtd. 1.11KECInternationalLtd. 0.94Paper 3.08InternationalPaperAppmLtd. 1.83OrientPaper&IndustriesLtd. 1.25Finance 2.17BajajHoldings&InvestmentLtd. 1.18BajajFinservLtd. 0.99Textile Products 1.85SRFLtd. 1.10HimatsingkaSeideLtd. 0.75Non - Ferrous Metals 1.81VedantaLtd. 0.95HindustanZincLtd. 0.86Ferrous Metals 1.77KirloskarFerrousIndustriesLtd. 0.93JindalSteel&PowerLtd. 0.84Hotels, Resorts And Other Recreational Activities 0.98

TheIndianHotelsCompanyLtd. 0.98Telecom - Services 0.94BhartiAirtelLtd. 0.94Consumer Durables 0.92SheelaFoamLtd. 0.92Pharmaceuticals 0.84DishmanCarbogenAmcisLtd. 0.84Minerals/Mining 0.80CoalIndiaLtd. 0.80Power 0.72NTPCLtd. 0.72Construction 0.72NBCC(India)Ltd. 0.72Total Equity 97.41Treasury Bills 0.05 91 DAY T-BILL Sovereign 0.05Investment Funds/Mutual Funds 0.11 Principal Cash Management Fund -Growth Option 0.11

DerivativesIndex Future/Option #Cash & Cash Equivalents 2.43Net Assets 100.00

17

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

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


Name % of NAVFinance 13.94Housing Development Finance CorporationLtd. 1.14BajajFinanceLtd. 1.12LICHousingFinanceLtd. 1.12L&TFinanceHoldingsLtd. 1.09HDFC Standard Life Insurance CompanyLtd. 1.08ShriramTransportFinanceCompanyLtd. 1.05ICICI Prudential Life Insurance CompanyLtd. 1.02BajajFinservLtd. 1.00SBILifeInsuranceCompanyLtd. 0.99ICICI Lombard General Insurance CompanyLtd. 0.98TheNewIndiaAssuranceCompanyLtd. 0.90AdityaBirlaCapitalLtd. 0.89General Insurance Corporation Of India 0.85IndiabullsHousingFinanceLtd. 0.71Consumer Non Durables 10.93UnitedSpiritsLtd. 1.32BritanniaIndustriesLtd. 1.16ColgatePalmolive(India)Ltd. 1.16HindustanUnileverLtd. 1.14MaricoLtd. 1.12AsianPaintsLtd. 1.09Procter & Gamble Hygiene andHealthCareLtd. 1.05ITCLtd. 0.99GodrejConsumerProductsLtd. 0.96DaburIndiaLtd. 0.94Banks 9.29ICICIBankLtd. 1.18HDFCBankLtd. 1.14State Bank of India 1.11KotakMahindraBankLtd. 1.11AxisBankLtd. 1.10Bank of Baroda 1.00IndusIndBankLtd. 0.97BandhanBankLtd. 0.89YesBankLtd. 0.79Pharmaceuticals 7.77Dr.Reddy'sLaboratoriesLtd. 1.13AurobindoPharmaLtd. 1.12LupinLtd. 1.05CadilaHealthcareLtd. 0.98BioconLtd. 0.97CiplaLtd. 0.87PiramalEnterprisesLtd. 0.84SunPharmaceuticalIndustriesLtd. 0.81Auto 6.50BajajAutoLtd. 1.04MarutiSuzukiIndiaLtd. 1.01HeroMotoCorpLtd. 1.01AshokLeylandLtd. 0.96EicherMotorsLtd. 0.89Mahindra&MahindraLtd. 0.86TataMotorsLtd. 0.63TataMotorsLtd.A-DVR 0.10Software 5.88WiproLtd. 1.02TechMahindraLtd. 1.00InfosysLtd. 0.99TataConsultancyServicesLtd. 0.98HCLTechnologiesLtd. 0.98OracleFinancialServicesSoftwareLtd. 0.91Cement 4.97ShreeCementLtd. 1.04UltratechCementLtd. 1.04ACCLtd. 1.01

Dividend Update


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

Note:̂ Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.55%riskfreerateofreturn(1days-MIBORRateAsonNovember30,2018).** 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(AsonNovember30,2018).# TotalExpenseRatioincludesGSTonmanagementfees.* Since Benchmark of the Fund change from Nity 50 to Nifty 100 Equal Weight (w.e.f10-May-2018),TrackingErrorisCalculatedasbelow–•Nifty50TRIisconsiderfrom(03-Aug-2015to09-May-2018)&•Nifty100EqualWeightTRIisconsiderfor(10-May-2018to30-Nov-2018)






AUM:16.88


RegularPlan:July27,1999DirectPlan:January1,2013

Benchmark: Nifty 100 Equal Weight Index

`Load StructureEntry Load: NILExit Load: 1% - if redeemed on or before90 days from the date of allotment; Nil - if redeemed after 90 days from the date of allotment.

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

Ratios & Other Details (As on November 30, 2018)Standard Deviation^ (Annualised): 14.97%Beta^ : 0.86Sharpe Ratio^ (Annualised) :0.16Portfolio Turnover Ratio**: 0.75Tracking Deviation*: 0.34%

Fund Manager DetailsName: RajatJain

Managing Since: August 2015Total Experience: 29 years




Finance 13.94% Consumer Non Durables 10.93% Banks 9.29% Pharmaceuticals 7.77% Auto 6.50% Software 5.88% Cement 4.97% Industrial Capital Goods 4.23% Petroleum Products 3.76% Transportation 3.40%


Period Principal Nifty 100 Equal Weight Fund

Nifty 100 Equal Weight - TRI



Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-11-2017 to 30-11-2018) -2.28 9772.31 -6.43 9356.88 7.82 10782.433 Years (30-11-2015 to 30-11-2018) 8.17 12660.33 9.88 13268.23 12.54 14259.635 Years (29-11-2013 to 30-11-2018) 10.21 16265.65 14.26 19488.13 13.37 18741.59Since Inception (27-07-1999 to 30-11-2018) 10.51 69236.20 NA NA 13.11 108600.77Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.

Name % of NAVAmbujaCementsLtd. 1.01GrasimIndustriesLtd. 0.87Industrial Capital Goods 4.23BharatElectronicsLtd. 1.10SiemensLtd. 1.09ABBIndiaLtd. 1.03BharatHeavyElectricalsLtd. 1.01Petroleum Products 3.76RelianceIndustriesLtd. 1.01HindustanPetroleumCorporationLtd. 0.95BharatPetroleumCorporationLtd. 0.90IndianOilCorporationLtd. 0.90Transportation 3.40InterglobeAviationLtd. 1.22ContainerCorporationofIndiaLtd. 1.11Adani Ports and Special EconomicZoneLtd. 1.07Power 2.98NHPCLtd. 1.16PowerGridCorporationofIndiaLtd. 0.94NTPCLtd. 0.88Auto Ancillaries 2.97MRFLtd. 1.08BoschLtd. 1.00MothersonSumiSystemsLtd. 0.89Non - Ferrous Metals 2.83HindalcoIndustriesLtd. 1.00HindustanZincLtd. 0.94VedantaLtd. 0.89Ferrous Metals 2.47TataSteelLtd. 0.90JSWSteelLtd. 0.81SteelAuthorityofIndiaLtd. 0.76Consumer Durables 2.37TitanCompanyLtd. 1.23HavellsIndiaLtd. 1.14Media & Entertainment 2.08ZeeEntertainmentEnterprisesLtd. 1.15SunTVNetworkLtd. 0.93Gas 1.87PetronetLNGLtd. 0.95GAIL(India)Ltd. 0.92Minerals/Mining 1.81CoalIndiaLtd. 0.94NMDCLtd. 0.87Oil 1.71OilIndiaLtd. 0.89Oil&NaturalGasCorporationLtd. 0.82Telecom - Services 1.71BhartiAirtelLtd. 0.89VodafoneIdeaLtd. 0.82Pesticides 1.20UPLLtd. 1.20Construction Project 1.14Larsen&ToubroLtd. 1.14Chemicals 1.07PidiliteIndustriesLtd. 1.07Retailing 1.04AvenueSupermartsLtd. 1.04Telecom - Equipment & Accessories 0.97BhartiInfratelLtd. 0.97Construction 0.94DLFLtd. 0.94Total Equity 99.83 Treasury Bills 0.06 91 DAY T-BILL Sovereign 0.06Cash & Cash Equivalents 0.11 Net Assets 100.00 Top 10 Equity Holdings


Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesOthersTreasury BillCash & Other Assets

94.52%

5.21% 0.10% 0.06% 0.11%0%

20%40%60%80%

100%

18

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

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


Dividend Update


17-Sep-18 0.0620 10.3724 0.0626 10.477117-Aug-18 0.0629 10.6631 0.0635 10.765217-Jul-18 0.0630 10.688 0.0636 10.7848Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.

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






AUM:8.11


RegularPlan:April21,2016DirectPlan:April21,2016

Benchmark: Nifty 50 Arbitrage Index

`

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

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

Other Details (As on November 30, 2018)Portfolio Turnover Ratio**: 9.20

Fund Manager DetailsName: RajatJain

Managing Since: April 2016Total Experience: 29 years



Sector Allocation (Top 10) (As on November 30, 2018)

(% of NAV)

Finance 22.04% Pharmaceuticals 10.77% Banks 10.42% Telecom - Services 6.57% Petroleum Products 5.76% Ferrous Metals 4.09% Cement 4.05% Construction 3.22% Auto 1.91% Power 0.84%


Period Principal Arbitrage Fund

Nifty 50 Arbitrage Index(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%) $PTP Returns

Returns (%)

$PTP Returns

1 Year (30-11-2017 to 30-11-2018) -0.50% 9950.14 4.82% 10482.01 7.82% 10782.43Since Inception (21-04-2016 to 30-11-2018) 3.12% 10836.10 5.07% 11378.97 14.57% 14264.52Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.AboveoneyearperformanceofPrincipalArbitrageFundisnotgivenastheschemehavenotbeeninexistencefor3years.

Name Rating / Industry

% of NAV

% to Net Assets De-

rivativesFinance 22.04 -22.09MultiCommodityExchangeofIndiaLtd. 10.14 -10.18IDFCLtd. 6.00 -6.00RelianceCapitalLtd. 5.02 -5.03IndiabullsHousingFinanceLtd. 0.88 -0.88Pharmaceuticals 10.77 -10.80AurobindoPharmaLtd. 8.00 -8.03SunPharmaceuticalIndustriesLtd. 2.00 -2.01LupinLtd. 0.77 -0.76Banks 10.42 -10.45ICICIBankLtd. 6.02 -6.04YesBankLtd. 4.40 -4.41Telecom - Services 6.57 -6.60BhartiAirtelLtd. 6.57 -6.60Petroleum Products 5.76 -5.78RelianceIndustriesLtd. 5.76 -5.78Ferrous Metals 4.09 -4.11SteelAuthorityofIndiaLtd. 4.09 -4.11Cement 4.05 -4.06TheIndiaCementsLtd. 4.05 -4.06Construction 3.22 -3.22IRBInfrastructureDevelopersLtd. 3.22 -3.22Auto 1.91 -1.92EscortsLtd. 1.91 -1.92Power 0.84 -0.85TataPowerCompanyLtd. 0.84 -0.85Total Equity 69.67 Treasury Bills 0.12 91 DAY T-BILL Sovereign 0.12Investment Funds/Mutual Funds 12.95 Principal Cash Management Fund -Growth Option Mutual Fund 12.95Cash & Cash Equivalents 17.26Net Assets 100.00

19

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

(Erstwhile Principal Balanced Fund)



Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV16-Nov-18 0.2586 25.9100 0.2953 29.600017-Oct-18 0.2568 25.8000 0.2931 29.450017-Sep-18 0.2772 27.6100 0.3162 31.500017-Aug-18 0.2779 27.8600 0.3167 31.7600Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.TheschemefeaturesofPrincipalBalancedFundhaschangedw.e.fJune11,2018


Period Principal Hybrid Equity Fund

CRISIL Hybrid 35+65 - Aggressive Index*



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

Returns Returns (%) $PTP Returns

1 Year (30-11-2017 to 30-11-2018) -0.56 9944.07 3.89 10388.65 7.82 10782.433 Years (30-11-2015 to 30-11-2018) 13.43 14598.24 11.02 13689.43 12.54 14259.635 Years (29-11-2013 to 30-11-2018) 16.14 21146.98 13.07 18495.72 13.37 18741.59Since Inception (14-01-2000 to 30-11-2018) 11.23 74670.00 NA NA 12.17 87512.18Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable. Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.* The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200




Asset Under Managment (` Cr) MAAUM: 1,625.20

AUM:1,646.50


RegularPlan:January14,2000DirectPlan:January1,2013

Benchmark: CRISIL Hybrid 35+65 - Aggressive Index

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

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

Ratios & Other Details (As on November 30, 2018)Standard Deviation^@ (Annualised): 12.35%Beta^@ : 1.19Sharpe Ratio^@ (Annualised) : 0.56 Portfolio Turnover Ratio**@ : 1.59

Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.55%riskfreerateofreturn(1days-MIBORRateAsonNovember30,2018).** 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 (AsonNovember30,2018).# TotalExpenseRatioincludesGSTonmanagementfees.@Forequityportiononly.

Fund Manager DetailsName: P.V.K.Mohan(ForEquityPortion)

&BekxyKuriakose (For Debt Portion)Managing Since: May 2010 & Mar 2016

Total Experience: 25 years & 18 years




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 securitiesandfixedincomesecurities.


Banks 13.22% Consumer Non Durables 11.16% Software 9.44% Power 4.22% Finance 3.81% Petroleum Products 3.43% Construction Project 2.85% Cement 2.30% Non - Ferrous Metals 2.26% Pharmaceuticals 1.72%

Gross Yield To Maturity of the Debt Portfolio8.36%

Average Maturity of the Debt Portfolio (As on Nov 30, 2018)

ExcludingDebtMutualFundunits:2.85years (29.81%ofthenetassets)Debt Mutual Fund units:Principal Credit Risk Fund : 1.35 years (0.97% of the net assets) (As on November 30, 2018)

Modified Duration of the Debt Portfolio (As on Nov 30, 2018)

ExcludingDebtMutualFundunits:2.21years (29.81%ofthenetassets)Debt Mutual Fund units:Principal Credit Risk Fund : 1.09 years (0.97% of the net assets) (As on November 30, 2018)

Top 10 Equity Holdings

Market Cap Allocation (As on Nov 30, 2018) (% of NAV)Equity&EquityRelatedInstrumentsofLargeCapCo. 48.69Equity&EquityRelatedInstrumentsofMidCapCo. 9.11Equity&EquityRelatedInstrumentsofSmallCapCo. 9.82Others 1.04Debt 25.69Mutual Funds 0.97Cash & Other Assets 4.68


Deriva-tives

Banks 13.22HDFCBankLtd. 3.93ICICIBankLtd. 3.27State Bank of India 1.76KotakMahindraBankLtd. 1.22AxisBankLtd. 0.97KarurVysyaBankLtd. 0.74TheFederalBankLtd. 0.63Bank of Baroda 0.54Vijaya Bank 0.16Consumer Non Durables 11.16ITCLtd. 2.72DaburIndiaLtd. 1.91MaricoLtd. 1.72HindustanUnileverLtd. 1.59GlaxoSmithKlineConsumerHealthcareLtd. 1.53

BritanniaIndustriesLtd. 0.90Bombay Burmah Trading CorporationLtd. 0.79

Software 9.44InfosysLtd. 2.73TataConsultancyServicesLtd. 2.24TechMahindraLtd. 1.26WiproLtd. 0.99Larsen&ToubroInfotechLtd. 0.80CyientLtd. 0.74HCLTechnologiesLtd. 0.68Power 4.22TataPowerCompanyLtd. 2.01NTPCLtd. 1.23Power Grid Corporation of IndiaLtd. 0.98

Finance 3.81Housing Development Finance CorporationLtd. 1.99

ICICIPrudentialLifeInsuranceCompanyLtd. 1.33MagmaFincorpLtd. 0.49Petroleum Products 3.43RelianceIndustriesLtd. 3.43Construction Project 2.85Larsen&ToubroLtd. 1.81IrconInternationalLtd. 1.04Cement 2.30AmbujaCementsLtd. 0.91ACCLtd. 0.90TheIndiaCementsLtd. 0.34BirlaCorporationLtd. 0.15Non - Ferrous Metals 2.26NationalAluminiumCompanyLtd. 0.95VedantaLtd. 0.79HindustanZincLtd. 0.52Pharmaceuticals 1.72AurobindoPharmaLtd. 1.14Sun Pharmaceutical IndustriesLtd. 0.58

Industrial Products 1.69RamkrishnaForgingsLtd. 1.03JainIrrigationSystemsLtd. 0.39UflexLtd. 0.27Auto 1.68Mahindra&MahindraLtd. 0.85MarutiSuzukiIndiaLtd. 0.83Ferrous Metals 1.58KirloskarFerrousIndustriesLtd. 1.00SteelAuthorityofIndiaLtd. 0.58Hotels, Resorts And Other Recreational Activities 1.50

TheIndianHotelsCompanyLtd. 1.50


Deriva-tives

Fertilisers 1.45ChambalFertilisersandChemicalsLtd. 1.45Chemicals 1.35PhillipsCarbonBlackLtd. 1.35Consumer Durables 1.28BajajElectricalsLtd. 1.28Telecom - Services 1.27BhartiAirtelLtd. 1.27Minerals/Mining 1.07CoalIndiaLtd. 1.07Gas 0.95GAIL(India)Ltd. 0.95Auto Ancillaries 0.23AsahiIndiaGlassLtd. 0.23Construction 0.19ITDCementationIndiaLtd. 0.19Diversified Consumer Services 0.01CLEducateLtd. 0.01Total Equity 68.66BONDS & NCD 14.78National Bank for Agriculture and Rural Development 30-Sep-2020

CRISIL AAA 1.78

Hindalco Industries Ltd CRISIL AA 1.53Piramal Enterprises Ltd [ICRA]AA 1.51Reliance Industries Ltd CRISIL AAA 1.21Bharat Petroleum Corporation Ltd CRISIL AAA 1.01Dewan Housing Finance Corporation Ltd BWR AAA 0.98

Tata Motors Ltd CARE AA+ 0.87Dewan Housing Finance Corporation Ltd BWR AAA 0.84

RelianceJioInfocommLtd CRISIL AAA 0.76Power Finance Corporation Ltd CRISIL AAA 0.66JamnagarUtilities&PowerPrivate Ltd CRISIL AAA 0.60

Vedanta Ltd CRISIL AA 0.57Aspire Home Finance Corporation Ltd [ICRA]A+ 0.55Export-Import Bank of India 18-Oct-2022 CRISIL AAA 0.31Housing Development Finance Corporation Ltd CRISIL AAA 0.30

Piramal Enterprises Ltd [ICRA]AA 0.30Dewan Housing Finance Corporation Ltd BWR AAA 0.30

ICICI Bank Ltd [ICRA]AA+ 0.29EssKayFincorpLtd IND A (SO) 0.23Avanse Financial Services Ltd CARE AA+ 0.18Sovereign 8.017.17%GovernmentofIndia08-Jan-2028 Sovereign 3.306.84%GovernmentofIndia19-Dec-2022 Sovereign 1.317.37%GovernmentofIndia16-Apr-2023 Sovereign 1.217.16%GovernmentofIndia20-May-2023 Sovereign 1.207.35%GovernmentofIndia22-Jun-2024 Sovereign 0.99

Commercial Paper 1.49JMFinancialProductsLtd. CRISIL A1+ 1.49Certificate of Deposits 1.41AxisBankLtd. CRISIL A1+ 1.41Investment Funds/ Mutual Funds 0.97Principal Credit Risk Fund - Direct Plan - Growth Option Mutual Fund 0.97

Index Futures / Options 0.11 Cash & Cash Equivalents 4.68Net Assets 100.00

20

Principal Balanced Advantage Fund(Erstwhile Principal SMART Equity Fund)

(An Open-ended dynamic asset allocation fund)

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

Portfolio

Name Rating / Industry % to Net Assets

% to Net Assets

Deriva-tives

Banks 15.24 -9.81

ICICIBankLtd. 5.67 -4.24

State Bank of India 3.36 -2.33

Punjab National Bank 3.24 -3.24

HDFCBankLtd. 1.77

KotakMahindraBankLtd. 1.20

Pharmaceuticals 11.38 -9.25

AurobindoPharmaLtd. 8.57 -7.24

SunPharmaceuticalIndustriesLtd. 2.67 -1.87

WockhardtLtd. 0.14 -0.14

Consumer Non Durables 8.25 -1.88

ITCLtd. 3.28 -1.88

MaricoLtd. 1.06

HindustanUnileverLtd. 1.06

BritanniaIndustriesLtd. 1.00GlaxoSmithKlineConsumer HealthcareLtd. 0.99

DaburIndiaLtd. 0.86

Finance 8.18 -6.14Multi Commodity Exchange of India Ltd. 2.86 -2.87Housing Development Finance CorporationLtd. 2.46 -1.36

IndiabullsHousingFinanceLtd. 1.91 -1.91ICICI Prudential Life Insurance CompanyLtd. 0.95

Auto 7.72 -6.94

MarutiSuzukiIndiaLtd. 5.35 -5.35

BajajAutoLtd. 1.02 -1.02

Mahindra&MahindraLtd. 0.78

EscortsLtd. 0.37 -0.37

TataMotorsLtd.A-DVR 0.20 -0.20

Cement 4.23 -2.10

CenturyTextiles&IndustriesLtd. 2.10 -2.10

UltratechCementLtd. 1.07

ACCLtd. 1.06

Software 3.47


InfosysLtd. 1.08

TechMahindraLtd. 1.00


Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV16-Nov-18 0.1251 14.5800 0.1385 16.140017-Oct-18 0.1251 14.5900 0.1384 16.130017-Sep-18 0.1286 14.9700 0.1421 16.530017-Aug-18 0.1289 15.0300 0.1422 16.5800Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.TheschemefeaturesofPrincipalSMARTEquityFundhaschangedw.e.fJune4,2018







AUM:168.75


RegularPlan:December16,2010DirectPlan:January1,2013

Benchmark: 50%Nifty100Index+35%CRISILShortTermBondIndex+15%NiftyArbitrageIndex

`

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

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


Fund Manager DetailsName: P.V.K.Mohan(ForEquityPortion)

&BekxyKuriakose (For Debt Portion)Managing Since: July2017&January2018




Sector Allocation of Equity Instruments (Top 10) (As on November 30, 2018) (% of NAV)

Banks 15.24% Pharmaceuticals 11.38% Consumer Non Durables 8.25% Finance 8.18% Auto 7.72% Cement 4.23% Software 3.47% Power 3.24% Construction Project 2.57% Petroleum Products 1.25%


Period Principal Balanced Advantage Fund

50% Nifty 100 TRI Index + 35% CRISIL Short

Term Bond Index + 15% Nifty Arbitrage Index



Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-11-2017 to 30-11-2018) 4.18 10418.37 5.48 10547.65 7.82 10782.433 Years (30-11-2015 to 30-11-2018) 6.93 12227.54 9.74 13250.80 12.54 14259.635 Years (29-11-2013 to 30-11-2018) 11.64 17349.19 11.00 17011.85 13.37 18741.59Since Inception (16-12-2010 to 30-11-2018) 9.38 20420.00 8.84 19671.92 9.22 20183.25Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP(PointtoPoint) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.

Fund Details

Name Rating / Industry % to Net Assets

% to Net Assets

Deriva-tives

Power 3.24 -0.32

TataPowerCompanyLtd. 1.07

NTPCLtd. 0.94

PowerGridCorporationofIndiaLtd. 0.92

ReliancePowerLtd. 0.31 -0.32


Larsen&ToubroLtd. 1.35



RelianceIndustriesLtd. 1.25Hotels, Resorts And Other Recreational Activities 1.10

TheIndianHotelsCompanyLtd. 1.10

Telecom - Services 0.93

BhartiAirtelLtd. 0.93

Minerals/Mining 0.79

CoalIndiaLtd. 0.79

Ferrous Metals 0.66

SteelAuthorityofIndiaLtd. 0.66


VedantaLtd. 0.51

Total Equity 69.52

BONDS & NCD 12.90 Dewan Housing Finance CorporationLtd. BWR AAA 3.38

VedantaLtd. CRISIL AA 2.94JMFinancialProductsLtd. CRISIL AA 2.34

PiramalEnterprisesLtd. [ICRA]AA 1.77RelianceJio InfocommLtd. CRISIL AAA 1.30

Dewan Housing Finance CorporationLtd. BWR AAA 1.17

Treasury Bills 0.37


91 DAY T-BILL Sovereign 0.08Investment Funds/Mutual Funds 1.95

Principal Cash Management Fund -Growth Option

Mutual Fund 1.95


Net Assets 100.00

Top 10 Equity HoldingsNET EQUITY LEVEL: 33.08


Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap CompaniesOthersDebtInvestment Funds/Mutual FundsCash & Other Assets

54.86%

10.24%3.00% 1.42%

13.27%1.95%

15.26%

0%

20%

40%

60%

21

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



Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAVQuarterly Dividend (Last 3 Quarters)17-Sep-18 0.1842 12.7142 N.A. N.A.15-Jun-18 0.1528 12.6801 N.A. N.A.15-Dec-17 0.2213 12.7620 N.A. N.A.Half Yearly Dividend15-Jun-18 0.1400 12.0293 0.2100 11.909415-Dec-17 0.7400 12.6361 1.2200 12.9214Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.





AUM:72.60


RegularPlan:May23,2002DirectPlan:January1,2013Benchmark: 30%Nifty50+

70%CRISILLiquidFundIndex

`

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

Plans RegularPlan&DirectPlan.Options BoththePlansofferGrowth&Halfyearly andQuarterlyDividendOption.

Month End Quants of the Debt Portfolio (As on November 30, 2018)Average Maturity: 182 DaysModified Duration: 155 DaysGross Yield to Maturity: 8.07%Portfolio Turnover Ratio** : 5.92

Note:**ThePortfolioTurnoverRate(PTR)meansthelowerofaggregatesales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (AsonNovember30,2018).# TotalExpenseRatioincludesGSTonmanagementfees.@Forequityportiononly.

Fund Manager DetailsName: P.V.K.Mohan (For Equity Portion)

&PankajJain (For Debt Portion)Managing Since: June2016&January2018





Investment Objective: To provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investmentsindebtandmoneymarketinstruments.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 anyreturns.


Finance 10.50% Software 9.38% Banks 7.67% Auto 7.38% Consumer Non Durables 7.23% Pharmaceuticals 5.48% Telecom - Services 4.69% Cement 3.77% Power 3.44% Construction Project 2.66%


Period Principal Equity Savings Fund

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

CRISIL 10 Year Gilt Index(Additional Benchmark)



1 Year (30-11-2017 to 30-11-2018) 2.13 10213.14 7.57 10756.57 2.52 10252.063 Years (30-11-2015 to 30-11-2018) 7.07 12277.27 8.83 12911.09 6.34 12027.735 Years (29-11-2013 to 30-11-2018) 7.60 14428.41 9.51 15842.23 7.88 14617.26Since Inception (23-05-2002 to 30-11-2018) 7.89 35089.90 9.89 61243.15 6.54 28516.97Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable. Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.


% of NAV

% to Net Assets

Deriva-tives

Finance 10.50 -8.30Housing Development Finance CorporationLtd. 6.46 -4.93

RelianceCapitalLtd. 3.36 -3.37ICICI Prudential Life Insurance CompanyLtd. 0.68

Software 9.38 -6.09InfosysLtd. 7.14 -6.09


TechMahindraLtd. 0.97

Banks 7.67 -3.31HDFCBankLtd. 1.92

State Bank of India 1.83 -1.18

Punjab National Bank 1.32 -1.32

ICICIBankLtd. 1.22

Bank of Baroda 0.81 -0.81

AxisBankLtd. 0.57

Auto 7.38 -6.33MarutiSuzukiIndiaLtd. 3.24 -3.24AshokLeylandLtd. 2.04 -2.04

Mahindra&MahindraLtd. 1.05

TataMotorsLtd.A-DVR 1.05 -1.05

Consumer Non Durables 7.23 -0.70

BritanniaIndustriesLtd. 1.59 -0.70

DaburIndiaLtd. 1.52

ITCLtd. 1.49GlaxoSmithKlineConsumerHealthcareLtd. 1.45

MaricoLtd. 1.18

Pharmaceuticals 5.48 -4.85AurobindoPharmaLtd. 3.65 -3.02

Dr.Reddy'sLaboratoriesLtd. 1.31 -1.31Sun Pharmaceutical IndustriesLtd. 0.52 -0.52

Telecom - Services 4.69 -3.76BhartiAirtelLtd. 4.69 -3.76

Cement 3.77 -2.79CenturyTextiles&IndustriesLtd. 2.79 -2.79

ACCLtd. 0.98

Power 3.44 -0.77

TataPowerCompanyLtd. 1.15

NTPCLtd. 0.78


% of NAV

% to Net Assets

Deriva-tives

RelianceInfrastructureLtd. 0.77 -0.77

PowerGridCorporationofIndiaLtd. 0.74

Construction Project 2.66Larsen&ToubroLtd. 2.01


Non - Ferrous Metals 1.85 -1.31

HindalcoIndustriesLtd. 1.31 -1.31

VedantaLtd. 0.54


CoalIndiaLtd. 1.28


RelianceIndustriesLtd. 1.17

Auto Ancillaries 1.16 -1.16

ExideIndustriesLtd. 1.16 -1.16

Industrial Products 0.91 -0.91

JainIrrigationSystemsLtd. 0.91 -0.91

Construction 0.82 -0.82

DLFLtd. 0.61 -0.61IRB Infrastructure DevelopersLtd. 0.21 -0.21

Ferrous Metals 0.65

SteelAuthorityofIndiaLtd. 0.65

Consumer Durables 0.16 -0.16

BataIndiaLtd. 0.16 -0.16

Total Equity 70.20

BONDS & NCD 11.99

RelianceJioInfocommLtd CRISIL AAA 4.12Suryoday Small Finance Bank Ltd [ICRA]A 2.75

Piramal Enterprises Ltd [ICRA]AA 2.33Power Finance Corporation Ltd CRISIL AAA 1.35

EssKayFincorpLtd IND A (SO) 0.74Power Grid Corporation of India Ltd CRISIL AAA 0.70

Treasury Bills 0.11

91 DAY T-BILL Sovereign 0.11Investment Funds/Mutual Funds 2.19 Principal Cash Management Fund -Growth Option

Mutual Fund 2.19


Net Assets 100.00 Top 10 Equity Holdings


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

DebtOthers

Mutual FundsCash & Other Assets

54.24%

12.98%1.28% 1.70%

12.10%2.19%

15.51%

0%

20%

40%

60%

22

112

Principal Cash Management Fund

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


Dividend Update


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


Period Principal Cash Management Fund

CRISIL Liquid Fund Index


CRISIL 1 Year T-Bill Index

(Additional Benchmark)Returns () $PTP

ReturnsReturns () $PTP

ReturnsReturns () $PTP

Returns1 Year (30-11-2017 to 30-11-2018) -1.83 9817.25 7.45 10745.48 6.44 10643.823 Years (30-11-2015 to 30-11-2018) 4.14 11295.46 7.23 12333.14 6.56 12103.385 Years (29-11-2013 to 30-11-2018) 5.98 13376.95 7.85 14599.65 7.31 14232.16Since Inception (30-08-2004 to 30-11-2018) 6.90 25892.60 7.16 26793.47 6.10 23278.96Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in ) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.


Rating Profile (As on November 30, 2018) (% of NAV)

61.60%

6.97%

31.43%

20.00%0.00% 40.00% 60.00% 80.00%

A1+

Sovereign

Cash & Cash Equivalents

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

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

Asset Under Managment (` Cr)MAAUM: 385.63

AUM: 382.09


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

Benchmark: CRISIL Liquid Fund Index

`


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

Month End Quants of the Debt Portfolio (As on November 30, 2018)Average Maturity: 16 DaysModified Duration: 15 DaysGross Yield to Maturity: 6.82%

Fund Manager DetailsName: Pankaj Jain

Managing Since: January 2012Total Experience: 16 years




Composition By Assets (As on Nov 30, 2018) (% of NAV)

Commercial Paper 48.09% Certificate of Deposits 13.51% Treasury Bills 6.97% Cash and Other Assets 31.43%


Commercial Paper 48.09 REC Ltd CRISIL A1+ 6.41 Housing Development Finance Corporation Ltd CRISIL A1+ 5.64 Aditya Birla Finance Ltd [ICRA]A1+ 5.63 Supreme Industries Ltd CRISIL A1+ 5.38 Reliance Jio Infocomm Ltd CRISIL A1+ 5.12 National Bank for Agriculture and Rural Development CRISIL A1+ 5.07 Reliance Industries Ltd CRISIL A1+ 4.35 L&T Housing Finance Ltd [ICRA]A1+ 2.56 Godrej Industries Ltd CRISIL A1+ 1.28 Coromandel International Ltd CRISIL A1+ 1.28 Housing Development Finance Corporation Ltd CRISIL A1+ 1.28 Aditya Birla Finance Ltd [ICRA]A1+ 1.28 National Bank for Agriculture and Rural Development CRISIL A1+ 1.27 Vedanta Ltd CRISIL A1+ 0.77 Supreme Industries Ltd CRISIL A1+ 0.77 Certificate of Deposits 13.51 IDFC Bank Ltd. [ICRA]A1+ 6.40 Small Industries Development Bank of India CRISIL A1+ 6.34 Vijaya Bank CARE A1+ 0.77 Treasury Bills 6.97 91 DAY T-BILL Sovereign 6.97 Cash & Cash Equivalents 31.43Net Assets 100.00

Credit Risk Rating [ICRA] A1 mfs++

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

^The aggregate investments by other schemes of Principal Mutual Fund as on November 30, 2018: 8.04 Crore

(An open ended liquid scheme)

23

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

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

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

Dividend Update


Monthly Dividend (Last 3 Months)16-Nov-18 8.1112 1147.2305 8.6540 1149.727917-Oct-18 0.1988 1139.3181 0.5706 1141.644517-Sep-18 1.0770 1140.1963 1.4745 1142.5484Past 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.



46.00%

18.70%

14.74%

9.77%

3.17%

3.17%

4.45%

20.00%0.00% 40.00% 60.00%

A1+

AAA

AA

AA+

A(SO)

Sovereign


Fund Details


Asset Under Managment (` Cr) MAAUM: 274.83

AUM: 255.00


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

Benchmark: CRISIL Low Duration Debt Index

`


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

Month End Quants of the Debt Portfolio (As on November 30, 2018)Average Maturity: 209 DaysModified Duration: 177 DaysGross Yield to Maturity: 8.78%Macaulay Duration: 6.46 months








BONDS & NCD 46.38% Certificate of Deposits 36.25% Commercial Paper 9.75% Treasury Bills 3.17% Cash and Other Assets 4.45%

Past performance is no guarantee of future result. (++ for rating methodology please refer page 4.)


Period Principal Low Duration Fund

CRISIL Low Duration Debt Index



(Additional Benchmark)Returns

(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP

Returns1 Year (30-11-2017 to 30-11-2018) 5.95 10594.53 7.12 10711.74 6.44 10643.823 Years (30-11-2015 to 30-11-2018) 7.38 12383.28 7.75 12511.31 6.56 12103.385 Years (29-11-2013 to 30-11-2018) 7.76 14539.37 8.46 15017.98 7.31 14232.16Since Inception (14-09-2004 to 30-11-2018) 7.69 28690.20 7.49 27912.45 6.12 23259.85Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.

Portfolio


BONDS & NCD 46.38

Avanse Financial Services Ltd CARE AA+ 9.77

Dewan Housing Finance Corporation Ltd BWR AAA 9.38


Piramal Enterprises Ltd [ICRA]AA 8.95

JM Financial Products Ltd CRISIL AA 5.79

Ess Kay Fincorp Ltd IND A (SO) 3.17

Commercial Paper 9.75

REC Ltd. CRISIL A1+ 3.91

Reliance Industries Ltd. CRISIL A1+ 1.96

Reliance Jio Infocomm Ltd. CRISIL A1+ 1.95

National Bank for Agriculture and Rural Development CRISIL A1+ 1.93

Certificate of Deposits 36.25

HDFC Bank Ltd. IND A1+ 9.60

ICICI Bank Ltd. [ICRA]A1+ 9.57

Small Industries Development Bank of India CRISIL A1+ 9.40

Axis Bank Ltd. CRISIL A1+ 7.68

Treasury Bills 3.17



Net Assets 100.00


Credit Risk Rating [ICRA] A1+mfs++

24

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-Nov-18 0.0874 12.9068 0.0966 12.948417-Oct-18 0.0752 12.8946 0.0844 12.936217-Sep-18 0.0207 12.8401 0.0304 12.8822Past 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.



57.27%

14.89%

8.93%

8.60%

10.31%

20.00%0.00% 40.00% 60.00% 80.00%

AAA

AA

AA+

Sovereign



Fund Details



AUM: 248.26


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

Benchmark: CRISIL Short-Term Bond Fund Index

`


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

Month End Quants of the Debt Portfolio (As on November 30, 2018)Average Maturity: 1.41 yearsModified Duration: 1.19 yearsGross Yield to Maturity: 8.84%Macaulay Duration: 1.28 years

Fund Manager DetailsName: Gurvinder Singh Wasan

Managing Since: April 2011Total Experience: 14 years





BONDS & NCD 81.09 Sovereign 8.60 Cash and Other Assets 10.31%

CARE AAAmfs++

Past performance is no guarantee of future result. (++ for rating methodology please refer page 4.)


Period Principal Short Term Debt Fund

CRISIL Short-Term Bond Fund Index


CRISIL 10 Year Gilt Index


(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP


Portfolio

Name Rating % of NAVBONDS & NCD 81.09 Dewan Housing Finance Corporation Ltd BWR AAA 9.64 Small Industries Development Bank of India CARE AAA 9.45 NTPC Ltd CRISIL AAA 9.15 National Housing Bank CRISIL AAA 8.81 Avanse Financial Services Ltd CARE AA+ 7.66 Piramal Enterprises Ltd [ICRA]AA 6.86 IIFL Home Finance Ltd [ICRA]AA 6.33 Reliance Jio Infocomm Ltd CRISIL AAA 5.09 Reliance Industries Ltd CRISIL AAA 4.01 Indiabulls Housing Finance Ltd BWR AAA 3.78 National Bank for Agriculture and Rural Development CRISIL AAA 1.87 Bharat Petroleum Corporation Ltd CRISIL AAA 1.87 Power Finance Corporation Ltd CRISIL AAA 1.31 HDFC Bank Ltd CRISIL AA+ 1.27 National Bank for Agriculture and Rural Development CRISIL AAA 1.15 REC Ltd CRISIL AAA 1.14 JM Financial Products Ltd CRISIL AA 1.13 Piramal Enterprises Ltd [ICRA]AA 0.57 Sovereign 8.60 7.37% Government of India Sovereign 5.73 8.12% Government of India Sovereign 1.95 6.84% Government of India Sovereign 0.92 Cash & Cash Equivalents 10.31 Net Assets 100.00


25

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

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

Portfolio

Dividend Update


Quarterly Dividend Option (Last 3 Quarters)17-Sep-18 0.0559 13.3265 0.1658 13.497515-Dec-17 - - 0.0158 13.323415-Sep-17 0.2001 13.4490 0.2240 13.5460Annual Dividend Option (Last 3 Years)17-Sep-18 0.0473 11.3455 0.1460 11.767415-Sep-17 0.8390 12.1187 0.9571 12.557423-Sep-16 1.1602 12.4565 1.2865 12.9020Past performance may or may not be sustained in the future. * On face value of ` 10. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.

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



40.87%

40.26%

8.32%

1.22%

9.33%

10.00%0.00% 20.00% 30.00% 40.00% 50.00%

AAA

Sovereign

AA+

AA(SO)


Fund Details



AUM: 81.64


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

Benchmark: CRISIL Composite Bond Fund Index

`

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

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

Month End Quants of the Debt Portfolio (As on November 30, 2018)Average Maturity: 3.89 yearsModified Duration: 3 yearsGross Yield to Maturity: 8.28%


Fund Manager DetailsName: Bekxy Kuriakose






BONDS & NCD 50.41% Sovereign 40.26% Cash and Other Assets 9.33%


BONDS & NCD 50.41

Export-Import Bank of India CRISIL AAA 6.20

Housing Development Finance Corporation Ltd CRISIL AAA 6.05


Jamnagar Utilities & Power Private Ltd CRISIL AAA 6.04

National Bank for Agriculture and Rural Development CRISIL AAA 5.99

Tata Motors Ltd CARE AA+ 5.87

Reliance Industries Ltd CRISIL AAA 5.83

Avanse Financial Services Ltd CARE AA+ 2.45

Bharat Petroleum Corporation Ltd CRISIL AAA 2.39


Coastal Gujarat Power Ltd CARE AA (SO) 1.22

Sovereign 40.26

7.17% Government of India Sovereign 16.66






Net Assets 100.00

Maturity Profile

Period Portfolio (%)0-1 14.54

1-3 14.19

3-5 41.03

Above 5 20.91

Cash & Others Assets 9.33


Period Principal Dynamic Bond Fund

CRISIL Composite Bond Fund Index




(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP


26

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

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

Portfolio

Dividend Update


Monthly Dividend (Last 3 Months)16-Nov-18 7.1726 1242.6911 8.4265 1246.890417-Oct-18 6.1835 1241.7020 7.4257 1245.889617-Sep-18 1.9057 1237.4242 3.2148 1241.6787Past 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.



28.08%26.90%

9.76%9.74%

8.71%6.51%

4.11%

0.10%6.09%

10.00%0.00% 20.00% 30.00%

AAAAA

A1+AA(SO)

AA+

A(SO)Sovereign


Fund Details



AUM: 75.99


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

Benchmark: NIFTY Credit Risk Bond Index

`

Load StructureEntry Load: NILExit Load: 1% exit load if redeemed on or before 365 days from the date of allotment. Nil - if redeemed after 365 days from the date of allotment.

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

Month End Quants of the Debt Portfolio (As on November 30, 2018)Average Maturity: 1.35 yearsModified Duration: 1.09 yearsGross Yield to Maturity: 9.42%



Managing Since: January 01, 2018Total Experience: 14 years





BONDS & NCD 84.05% Commercial Paper 9.76% Treasury Bills 0.10% Cash and Other Assets 6.09%


BONDS & NCD 84.05

Coastal Gujarat Power Ltd CARE AA (SO) 9.74

Suryoday Small Finance Bank Ltd [ICRA]A 8.71

IIFL Home Finance Ltd [ICRA]AA 8.45

Reliance Jio Infocomm Ltd CRISIL AAA 8.13

Aspire Home Finance Corporation Ltd [ICRA]A+ 6.51


Hindalco Industries Ltd CRISIL AA 5.49


Vedanta Ltd CRISIL AA 4.85

Power Grid Corporation of India Ltd CRISIL AAA 4.34

Ess Kay Fincorp Ltd IND A (SO) 4.11


Power Finance Corporation Ltd CRISIL AAA 3.21



Indian Railway Finance Corporation Ltd CRISIL AAA 1.09

REC Ltd CRISIL AAA 1.08


Supreme Industries Ltd. CRISIL A1+ 7.59

Vedanta Ltd. CRISIL A1+ 2.17

Treasury Bills 0.10



Net Assets 100.00



Period Principal Credit Risk Fund

NIFTY Credit Risk Bond Index




(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP


27

Principal Corporate Bond Fund(An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds)

Investment Objective: To seeks to generate steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities across maturities and ratings while maintaining the optimum balance of yield, safety and liquidity.

Portfolio

Dividend Update


Monthly Dividend (Last 3 Months)16-Nov-18 0.0697 10.3319 N.A. N.A.17-Oct-18 0.0575 10.3197 N.A. N.A.17-Sep-18 0.0011 10.2633 N.A. N.A.Quarterly Dividend (Last 3 Quarters)17-Sep-18 0.0911 12.1622 N.A. N.A.15-Sep-17 0.1281 12.1944 N.A. N.A.16-Jun-17 0.3584 12.4305 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.



82.88%

8.41%

1.60%

0.21%

6.90%

20.00%0.00% 40.00% 60.00% 80.00%100.00%

AAA

AA+

AA

Sovereign


Fund Details



AUM: 18.59


Regular Plan: December 30, 2003Direct Plan: January 1, 2013

Benchmark: CRISIL Short Term Bond Fund Index

`

Load StructureEntry Load: NILExit Load: If redeemed on or before 365 days from the date of allotment - 1%. [w.e.f. May 05, 2017]

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

Month End Quants of the Debt Portfolio (As on November 30, 2018)Average Maturity: 1.69 yearsModified Duration: 1.39 yearsGross Yield to Maturity: 8.50%



Managing Since: January 01, 2018Total Experience: 14 years





BONDS & NCD 92.89% Treasury Bills 0.21% Cash and Other Assets 6.90%


BONDS & NCD 92.89

National Housing Bank CRISIL AAA 10.74


HDFC Bank Ltd CRISIL AA+ 8.41

Reliance Jio Infocomm Ltd CRISIL AAA 8.04

Power Finance Corporation Ltd CRISIL AAA 7.90


Power Grid Corporation of India Ltd CRISIL AAA 5.37

Small Industries Development Bank of India CARE AAA 5.35

NTPC Ltd CRISIL AAA 5.34


REC Ltd CRISIL AAA 5.32


Bharat Petroleum Corporation Ltd CRISIL AAA 5.24



Treasury Bills 0.21



Net Assets 100.00


Period Principal Corporate Bond Fund

CRISIL Short Term Bond Fund Index




(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP


28

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

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

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

Dividend Update


Monthly Dividend (Last 3 Months)16-Aug-18 5.6006 1064.4298 6.3884 1065.257017-Jul-18 7.3218 1066.1510 8.1643 1067.032915-Jun-18 6.0763 1064.9055 6.8383 1065.7069Past 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.


44.71%

33.97%

17.78%

0.50%

3.04%

10.00%0.00% 20.00%30.00%40.00%50.00%

A1+

AAA

AA

Sovereign



BONDS & NCD 51.75% Commercial Paper 23.34% Certificate of Deposits 21.37% Treasury Bills 0.50% Cash and Other Assets 3.04%

PortfolioData As on November 30, 2018


BONDS & NCD 51.75

Indiabulls Housing Finance Ltd CRISIL AAA 17.87

Vedanta Ltd CRISIL AA 10.69



JM Financial Products Ltd CRISIL AA 7.09


Supreme Industries Ltd. CRISIL A1+ 7.18

Housing Development Finance Corporation Ltd. CRISIL A1+ 5.39

Reliance Industries Ltd. CRISIL A1+ 5.39

Aditya Birla Finance Ltd. [ICRA]A1+ 5.38

Certificate of Deposits 21.37

ICICI Bank Ltd. [ICRA]A1+ 8.98

Axis Bank Ltd. CRISIL A1+ 8.81

Vijaya Bank CARE A1+ 3.58

Treasury Bills 0.50



Net Assets 100.00


Period Principal Ultra Short Term Fund

CRISIL Liquid Fund Index




(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP


Fund Details



AUM: 55.62


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

Benchmark: CRISIL Liquid Fund Index

`


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

Month End Quants of the Debt Portfolio (As on November 30, 2018)Average Maturity: 121 DaysModified Duration: 110 DaysGross Yield to Maturity: 8.24%Macaulay Duration: 4.01 months







29

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

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

Portfolio

Name % of NAVBanks 15.26ICICI Bank Ltd. 3.79HDFC Bank Ltd. 3.59State Bank of India 2.65

Kotak Mahindra Bank Ltd. 1.05

City Union Bank Ltd. 0.72

Axis Bank Ltd. 0.63

Canara Bank 0.61

The Federal Bank Ltd. 0.60

Karur Vysya Bank Ltd. 0.55

Bank of Baroda 0.47

Vijaya Bank 0.36

Syndicate Bank 0.24

Consumer Non Durables 8.44ITC Ltd. 2.45

Dabur India Ltd. 1.39

GlaxoSmithKline Consumer Healthcare Ltd. 1.35

Marico Ltd. 1.25

Britannia Industries Ltd. 1.14

Bombay Burmah Trading Corporation Ltd. 0.86

Software 5.24Tata Consultancy Services Ltd. 2.50Infosys Ltd. 2.04

HCL Technologies Ltd. 0.70

Petroleum Products 4.15Reliance Industries Ltd. 4.15

Construction Project 3.55Larsen & Toubro Ltd. 2.63

KEC International Ltd. 0.74Hindustan Construction Company Ltd.@@ 0.18

Finance 3.46Housing Development Finance Corporation Ltd. 1.91

ICICI Prudential Life Insurance Company Ltd. 0.99

Shriram Transport Finance Company Ltd. 0.56

Power 3.14

Tata Power Company Ltd. 1.45

NTPC Ltd. 1.06

Kalpataru Power Transmission Ltd. 0.63

Pharmaceuticals 2.93

Aurobindo Pharma Ltd. 0.82

Abbott India Ltd. 0.80

Dishman Carbogen Amcis Ltd. 0.69

Sun Pharmaceutical Industries Ltd. 0.62

Auto 2.91

Maruti Suzuki India Ltd. 0.92

Mahindra & Mahindra Ltd. 0.81


Period Principal Retirement Savings Fund -

Progressive Plan

Nifty 200 FullMarketcap Index





1 Year (30-11-2017 to 30-11-2018) -1.22 9878.16 3.35 10334.93 7.82 10782.43Since Inception (14-12-2015 to 30-11-2018) 10.11 13303.90 14.07 14772.11 14.12 14791.28Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growthoption. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded AnnualisedBasis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Please refer page 33 for annexure of returns for all scheme managed by the fund manager.Above one year performance of Principal Retirement Savings Fund (Progressive Plan) is not given as the scheme have notbeen in existence for 3 years.


Name % of NAVBajaj Auto Ltd. 0.59

Hero MotoCorp Ltd. 0.59

Cement 2.85

Ultratech Cement Ltd. 1.15

The India Cements Ltd. 0.79

Birla Corporation Ltd. 0.53

JK Cement Ltd. 0.38

Chemicals 1.59

Phillips Carbon Black Ltd. 1.26

Rain Industries Ltd. 0.33

Auto Ancillaries 1.52

Asahi India Glass Ltd. 0.88

Rico Auto Industries Ltd. 0.64

Industrial Products 1.51

Ramkrishna Forgings Ltd. 0.86

Jain Irrigation Systems Ltd. 0.65

Fertilisers 1.51

Chambal Fertilisers and Chemicals Ltd. 1.51Hotels, Resorts And Other Recreational Activities 1.44

The Indian Hotels Company Ltd. 1.44

Ferrous Metals 1.22

Kirloskar Ferrous Industries Ltd. 0.75

Steel Authority of India Ltd. 0.47

Consumer Durables 1.15

Bajaj Electricals Ltd. 1.15


Hindustan Zinc Ltd. 0.55

National Aluminium Company Ltd. 0.45


Coal India Ltd. 0.90

Textile Products 0.54

Raymond Ltd. 0.54

Construction 0.42

Gayatri Projects Ltd. 0.42

Telecom - Services 0.39

Bharti Airtel Ltd. 0.39

Diversified Consumer Services 0.24

CL Educate Ltd. 0.24

Total Equity 65.36

Treasury Bills 0.59


Investment Funds/Mutual Funds 27.67 Principal Low Duration Fund - Direct Plan - Growth Option 27.67


Net Assets 100.00

Fund Details

Minimum Investment Amount (`)@

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

RWP- ` 500$

6 installments each


AUM: 1.66


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

Benchmark: Progressive Plan - Nifty 200 Full Market-cap 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)

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

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

Expense Ratio# (As on November 30, 2018)Direct Plan - 1.46%Regular Plan - 2.05%

`


Fund Manager DetailsName: P.V.K. Mohan

Managing Since: June 2018Total Experience: 25 years


Banks 15.26% Consumer Non Durables 8.44% Software 5.24% Petroleum Products 4.15% Construction Project 3.55% Finance 3.46% Power 3.14% Pharmaceuticals 2.93% Auto 2.91% Cement 2.85%

Top 10 Equity Holdings@@Right Entitalment - 0.01% (% of NAV)

$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

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

Finance 17.17 -16.00Multi Commodity Exchange of India Ltd. 6.81 -6.84Housing Development Finance Corporation Ltd. 5.07 -4.40Indiabulls Housing Finance Ltd. 4.74 -4.76ICICI Prudential Life Insurance Company Ltd. 0.35Shriram Transport Finance Company Ltd. 0.20Petroleum Products 9.79 -6.48Hindustan Petroleum Corporation Ltd. 6.47 -6.48Reliance Industries Ltd. 3.32Software 8.74 -6.90Wipro Ltd. 6.89 -6.90Tata Consultancy Services Ltd. 0.88Infosys Ltd. 0.71HCL Technologies Ltd. 0.26Pharmaceuticals 7.25 -6.02Dr. Reddy's Laboratories Ltd. 6.02 -6.02Aurobindo Pharma Ltd. 0.47Abbott India Ltd. 0.30Dishman Carbogen Amcis Ltd. 0.24Sun Pharmaceutical Industries Ltd. 0.22Ferrous Metals 5.33 -4.98Tata Steel Ltd. 4.97 -4.98Kirloskar Ferrous Industries Ltd. 0.20Steel Authority of India Ltd. 0.16Banks 5.08HDFC Bank Ltd. 1.26State Bank of India 1.00ICICI Bank Ltd. 0.96Kotak Mahindra Bank Ltd. 0.37City Union Bank Ltd. 0.26Canara Bank 0.22Axis Bank Ltd. 0.22The Federal Bank Ltd. 0.21Karur Vysya Bank Ltd. 0.20Bank of Baroda 0.17Vijaya Bank 0.13Syndicate Bank 0.08Consumer Non Durables 2.92ITC Ltd. 0.88Dabur India Ltd. 0.49GlaxoSmithKline Consumer Healthcare Ltd. 0.48Britannia Industries Ltd. 0.42Marico Ltd. 0.35Bombay Burmah Trading Corporation Ltd. 0.30Media & Entertainment 2.61 -2.62Sun TV Network Ltd. 2.61 -2.62


Larsen & Toubro Ltd. 1.21KEC International Ltd. 0.26Hindustan Construction Company Ltd. # @@ 0.05

Power 1.07Tata Power Company Ltd. 0.47NTPC Ltd. 0.38


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

Name % of NAV

% to Net Assets

Deriva-tives

Kalpataru Power Transmission Ltd. 0.22Auto 1.06Maruti Suzuki India Ltd. 0.34Mahindra & Mahindra Ltd. 0.29Hero MotoCorp Ltd. 0.22Bajaj Auto Ltd. 0.21Cement 0.80The India Cements Ltd. 0.28Birla Corporation Ltd. 0.19Ultratech Cement Ltd. 0.19JK Cement Ltd. 0.14Chemicals 0.55Phillips Carbon Black Ltd. 0.44Rain Industries Ltd. 0.11Minerals/Mining 0.54Coal India Ltd. 0.54Auto Ancillaries 0.53Asahi India Glass Ltd. 0.31Rico Auto Industries Ltd. 0.22Industrial Products 0.53Ramkrishna Forgings Ltd. 0.30Jain Irrigation Systems Ltd. 0.23Hotels, Resorts And Other Recreational Activities 0.50

The Indian Hotels Company Ltd. 0.50Fertilisers 0.46Chambal Fertilisers and Chemicals Ltd. 0.46Consumer Durables 0.40Bajaj Electricals Ltd. 0.40Non - Ferrous Metals 0.35Hindustan Zinc Ltd. 0.19National Aluminium Company Ltd. 0.16Textile Products 0.19Raymond Ltd. 0.19Construction 0.15Gayatri Projects Ltd. 0.15Telecom - Services 0.13Bharti Airtel Ltd. 0.13Diversified Consumer Services 0.08CL Educate Ltd. 0.08Total Equity 67.75 Treasury Bills 0.87 91 DAY T-BILL Sovereign 0.87 Investment Funds/Mutual Funds 24.57 Principal Low Duration Fund - Direct Plan - Growth Option

Mutual Fund 14.54

Principal Cash Management Fund - Growth Option

Mutual Fund 10.03

Cash & Cash Equivalents 6.81 Net Assets 100.00

Fund Details



RWP- ` 500$

6 installments each


AUM: 2.26 `




Benchmark: Conservative Plan - 30% Nifty 50 + 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)


`




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


Finance 17.17% Petroleum Products 9.79% Software 8.74% Pharmaceuticals 7.25% Ferrous Metals 5.33% Banks 5.08% Consumer Non Durables 2.92% Media & Entertainment 2.61% Construction Project 1.52% Power 1.07%


Period Principal Retirement Savings Fund -

Conservative Plan

30% Nifty 50 TRI + 70%CRISIL LiquidFund Index


CRISIL 10 YearGilt Index

(Additional Benchmark)



1 Year (30-11-2017 to 30-11-2018) 1.89 10189.27 7.57 10756.57 2.52 10252.06Since Inception (14-12-2015 to 30-11-2018) 6.85 12171.90 9.30 13048.34 6.39 12015.31Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growthoption. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis(CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Please refer page 33 for annexure of returns for all scheme managed by the fund manager.Above one year performance of Principal Retirement Savings Fund (Conservative Plan) is not given as the scheme have not beenin existence for 3 years.

Top 10 Equity Holdings# -> Less Than 0.005% & @@Right Entitalment - 0.005% (% of NAV)


31

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

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

Portfolio

Name Industry % of NAV

% to Net Assets

Deriva-tives

Software 10.25 -7.03Wipro Ltd. 7.02 -7.03Tata Consultancy Services Ltd. 1.54Infosys Ltd. 1.26HCL Technologies Ltd. 0.43Banks 8.71HDFC Bank Ltd. 2.22ICICI Bank Ltd. 1.69State Bank of India 1.58Kotak Mahindra Bank Ltd. 0.64City Union Bank Ltd. 0.45Axis Bank Ltd. 0.39Canara Bank 0.38The Federal Bank Ltd. 0.36Karur Vysya Bank Ltd. 0.34Bank of Baroda 0.29Vijaya Bank 0.22Syndicate Bank 0.15Petroleum Products 8.58 -6.61Hindustan Petroleum Corporation Ltd. 6.59 -6.61Reliance Industries Ltd. 1.99Pharmaceuticals 7.92 -6.13Dr. Reddy's Laboratories Ltd. 6.13 -6.13Aurobindo Pharma Ltd. 0.51Abbott India Ltd. 0.47Dishman Carbogen Amcis Ltd. 0.43Sun Pharmaceutical Industries Ltd. 0.38Ferrous Metals 5.82 -5.07Tata Steel Ltd. 5.06 -5.07Kirloskar Ferrous Industries Ltd. 0.46Steel Authority of India Ltd. 0.30Finance 5.36 -3.23Indiabulls Housing Finance Ltd. 3.22 -3.23Housing Development Finance Corporation Ltd. 1.18

ICICI Prudential Life Insurance Company Ltd. 0.61

Shriram Transport Finance Company Ltd. 0.35Consumer Non Durables 5.01ITC Ltd. 1.52Dabur India Ltd. 0.86GlaxoSmithKline Consumer Healthcare Ltd. 0.85

Britannia Industries Ltd. 0.74Bombay Burmah Trading Corporation Ltd. 0.53Marico Ltd. 0.51Power 2.14Tata Power Company Ltd. 0.91NTPC Ltd. 0.84Kalpataru Power Transmission Ltd. 0.39Construction Project 2.05Larsen & Toubro Ltd. 1.48KEC International Ltd. 0.46


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

Name Industry % of NAV

% to Net Assets

Deriva-tives

Hindustan Construction Company Ltd.@@ 0.11Auto 1.81Maruti Suzuki India Ltd. 0.55Mahindra & Mahindra Ltd. 0.50Hero MotoCorp Ltd. 0.39Bajaj Auto Ltd. 0.37Cement 1.42The India Cements Ltd. 0.49Ultratech Cement Ltd. 0.36Birla Corporation Ltd. 0.33JK Cement Ltd. 0.24Chemicals 0.98Phillips Carbon Black Ltd. 0.78Rain Industries Ltd. 0.20Auto Ancillaries 0.93Asahi India Glass Ltd. 0.54Rico Auto Industries Ltd. 0.39Industrial Products 0.93Ramkrishna Forgings Ltd. 0.53Jain Irrigation Systems Ltd. 0.40Hotels, Resorts And Other Recreational Activities 0.89

The Indian Hotels Company Ltd. 0.89Fertilisers 0.80Chambal Fertilisers and Chemicals Ltd. 0.80Consumer Durables 0.71Bajaj Electricals Ltd. 0.71Non - Ferrous Metals 0.63Hindustan Zinc Ltd. 0.35National Aluminium Company Ltd. 0.28Minerals/Mining 0.56Coal India Ltd. 0.56Textile Products 0.33Raymond Ltd. 0.33Construction 0.26Gayatri Projects Ltd. 0.26Telecom - Services 0.25Bharti Airtel Ltd. 0.25Diversified Consumer Services 0.15CL Educate Ltd. 0.15Total Equity 66.49 Treasury Bills 0.89 91 DAY T-BILL Sovereign 0.89 Investment Funds/Mutual Funds 24.44 Principal Low Duration Fund - Direct Plan - Growth Option

Mutual Fund 18.47

Principal Cash Management Fund - Growth Option

Mutual Fund 5.97

Cash & Cash Equivalents 8.18 Net Assets 100.00

Fund Details



RWP- ` 500$

6 installments each


AUM: 1.11 `




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

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

Expense Ratio# (As on November 30, 2018)Direct Plan - 1.25 %Regular Plan - 1.81 %

`






Software 10.25% Banks 8.71% Petroleum Products 8.58% Pharmaceuticals 7.92% Ferrous Metals 5.82% Finance 5.36% Consumer Non Durables 5.01% Power 2.14% Construction Project 2.05% Auto 1.81%


Period Principal Retirement Savings Fund - Moderate

Plan

CRISIL Hybrid 35 + 65 - Aggressive Index*


Nifty 50 TRI(Additional Benchmark)



1 Year (30-11-2017 to 30-11-2018) 0.53 10052.86 3.89 10388.65 7.82 10782.43Since Inception (14-12-2015 to 30-11-2018) 7.64 12438.20 12.04 14006.57 14.12 14791.28Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growthoption. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Please refer page 33 for annexure of returns for all scheme managed by the fund manager.Above one year performance of Principal Retirement Savings Fund (Moderate Plan) is not given as the scheme have not been in existence for 3 years.*The equity component of CRISIL Hybrid 35 + 65 - Aggressive Index is represented by total return variant of S&P BSE 200.

Top 10 Equity Holdings@@Right Entitalment - 0.01% (% of NAV)


32

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

PortfolioData As on November 30, 2018

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

Fund Details



AUM: 15.44


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

Benchmark: MSCI All Country World Small Cap Index

`

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

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


`


Fund Manager DetailsName: Rajat Jain

Managing Since: March 2004Total Experience: 29 years



Period Principal Global Opportunities Fund

MSCI All Country World Small Cap Index - TRI



^Returns (%)

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

1 Year (30-11-2017 to 30-11-2018) -4.91 9509.36 3.28 10327.73 7.82 10782.43

3 Years (30-11-2015 to 30-11-2018) 8.82 12889.94 10.27 13412.33 12.54 14259.63

5 Years (30-11-2013 to 30-11-2018) 3.01 11601.09 8.71 15189.20 13.37 18741.59

Since Inception (29-03-2004 to 30-11-2018) 6.95 26825.90 12.25 54585.79 14.71 74959.16

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

Name Industry % of NAVMutual Fund Units / Exchange Traded Funds 99.59 PGIF Origin Global Smaller Companies Fund - Usd I Class Accumulation Mutual Fund 99.59

Treasury Bills 0.06 91 DAY T-BILL Sovereign 0.06 Cash & Cash Equivalents 0.35 Net Assets 100.00

Name % of NAV

POSCO Chemtech Co., Ltd 1.26 ASR Nederland NV 1.06 Beach Energy Limited 0.98 NS Solutions Corporation 0.94 Medpace Holdings, Inc. 0.94 PT Bukit Asam Tbk 0.91 MCBC Holdings, Inc. 0.86 JENOPTIK AG 0.86 Vonage Holdings Corp. 0.87 Green Dot Corporation Class A 0.87 PRA Health Sciences, Inc. 0.89 Deckers Outdoor Corporation 0.86 Globaltrans Investment Plc Sponsored GDR RegS 0.80 Fox Factory Holding Corp. 0.83 a2 Milk Company Ltd. 0.79 Entertainment One Ltd. 0.81 BRP, Inc. 0.81 TCI Co. Ltd. 0.79 Diploma PLC 0.80 Fevertree Drinks PLC 0.80 China Resources Cement Holdings Limited 0.75 Toei Animation Co., Ltd. 0.75 Bechtle AG 0.78 Amedisys, Inc. 0.79 Elecom Co., Ltd. 0.73 Paycom Software, Inc. 0.81 Entegris, Inc. 0.77 Ladder Capital Corp. Class A 0.73 TIS Inc. 0.76 Megacable Hldgs SAB de CV Cert Part Ord Cons of 2 A 0.70 Genworth MI Canada Inc. 0.71 Orbotech Ltd. 0.73 HEICO Corporation 0.74 Keywords Studios plc 0.70 Steadfast Group Limited 0.71 Padini Holdings Bhd. 0.69 HomeServe plc 0.73 Austevoll Seafood ASA 0.69 Serba Dinamik Holdings Bhd 0.68 Kyowa Exeo Corporation 0.71 Open House Co., Ltd. 0.68 China Communications Services Corp. Ltd. Class H 0.66 Forward Air Corporation 0.68 JD Sports Fashion Plc 0.69 Porto Seguro S.A. 0.65 Hub Group, Inc. Class A 0.67 Leroy Seafood Group ASA 0.69 ASGN Inc 0.70 NV5 Global Inc 0.66 Regional Management Corp. 0.64 Tricon Capital Group Inc. 0.66 NMI Holdings, Inc. Class A 0.66 Aaron's, Inc. 0.69 Gentherm Incorporated 0.66 Generac Holdings Inc. 0.68 Northern Star Resources Ltd 0.69 Fukushima Industries Corp. 0.64 Koh Young Technology Inc. 0.64 COMSYS Holdings Corporation 0.66 DTS Corporation 0.62 TRANCOM Co., Ltd. 0.61 Exxaro Resources Limited 0.60 LHC Group, Inc. 0.64 Houlihan Lokey, Inc. Class A 0.61 St. Barbara Ltd. 0.61 Control4 Corporation 0.59 SalMar ASA 0.62 Lifco AB Class B 0.58 F & F Co., Ltd. 0.58 PT Indo Tambangraya Megah Tbk 0.58 Bolsa Mexicana de Valores SAB de CV Class A 0.58 Barco NV 0.58 Kadant Inc. 0.58 Virtus Investment Partners, Inc. 0.58 Nine Entertainment Co. Holdings Limited 0.57 En-Japan Inc. 0.58 Chinasoft International Ltd. 0.57 PGT Innovations, Inc. 0.57 MSA Safety, Inc. 0.61 Gigabyte Technology Co., Ltd. 0.56 OneMain Holdings, Inc. 0.58 Echo Global Logistics, Inc 0.55 Takeuchi Mfg.Co., Ltd. 0.54 IG Group Holdings plc 0.57 GB Group PLC 0.54 Computacenter Plc 0.54

Name % of NAV

Sandfire Resources NL 0.54 Trex Company, Inc. 0.58 Insight Enterprises, Inc. 0.54 PageGroup PLC 0.54 Realtek Semiconductor Corp 0.51 Cal-Maine Foods, Inc. 0.53 Health Insurance Innovations, Inc. Class A 0.51 American Equity Investment Life Holding Company 0.55 Atkore International Group Inc. 0.52 Novatek Microelectronics Corp. 0.51 Grand Canyon Education, Inc. 0.60 Radian Group Inc. 0.57 Patrick Industries, Inc. 0.52 Reply S.p.A. 0.52 Kaufman & Broad SA 0.50 Haseko Corporation 0.54 NagaCorp Ltd. 0.49 S&T AG 0.50 Norbord Inc. 0.50 UT Group Co.,Ltd. 0.49 Malibu Boats Inc Class A 0.48 New Hope Corporation Limited 0.48 Balchem Corporation 0.53 Mercer International Inc. 0.49 Sweco AB Class B 0.50 Evercore Inc Class A 0.52 Xtep International Holdings Limited 0.48 Mellanox Technologies, Ltd. 0.52 Asbury Automotive Group, Inc. 0.48 Alten SA 0.51 Ingevity Corporation 0.52 Micro-Star International Co., Ltd. 0.46 Chailease Holding Co. Ltd. 0.46 First Defiance Financial Corp. 0.47 Essent Group Ltd. 0.51 Capcom Co., Ltd. 0.48 Stars Group Inc. 0.50 LCI Industries 0.47 Holtek Semiconductor Inc. 0.45 Moelis & Co. Class A 0.47 Choice Hotels International, Inc. 0.48 TS Tech Co., Ltd. 0.45 Colliers International Group Inc. 0.47 Grand Pacific Petrochemical Corp. 0.44 PearlAbyss Corp. 0.43 Kulicke & Soffa Industries, Inc. 0.45 Tokyo Seimitsu Co., Ltd 0.44 Nanometrics Incorporated 0.44 Solaris Oilfield Infrastructure, Inc. Class A 0.43 EMCOR Group, Inc. 0.49 Canfor Corporation 0.44 Swissquote Group Holding Ltd. 0.43 Orion Engineered Carbons SA 0.42 Yangzijiang Shipbuilding (Holdings) Ltd. 0.42 Kyudenko Corporation 0.44 Landstar System, Inc. 0.48 Molina Healthcare, Inc. 0.52 Kforce Inc. 0.42 LGI Homes, Inc. 0.42 Russel Metals Inc. 0.42 Morgan Advanced Materials plc 0.41 Belden Inc. 0.42 On-Bright Electronics Co. Ltd. 0.39 Trigano SA 0.39 Stamps.com Inc. 0.43 Littelfuse, Inc. 0.44 Enanta Pharmaceuticals, Inc. 0.38 Transcontinental Inc. Class A 0.38 Silicon Motion Technology Corporation Sponsored ADR 0.36 TTM Technologies, Inc. 0.37 Hays plc 0.39 Georg Fischer AG 0.40 Lonking Holdings Limited 0.34 Estacio Participacoes S.A. 0.36 Bellway p.l.c. 0.40 SMART Global Holdings, Inc. 0.31 SpeedCast International Ltd 0.30 SolarEdge Technologies, Inc. 0.29 Tianneng Power International Limited 0.28 Nolato AB Class B 0.28 Interfor Corporation 0.28 Horiba , Ltd. 0.28 888 Holdings Plc 0.27 Cash 1.76Total 100.00

Principal Global Investor Fund - Origin Global Smaller Companies Fund (Underlying Fund) as on October 31,2018

Regional Allocation of underlying fund (As on October 31, 2018) (% of NAV)

North America 44.04% Emerging Markets 17.16% Europe Ex Uk 11.43% Japan 11.34% United Kingdom 8.20% Asia Ex Japan 6.08% Cash 1.76%

Sector Allocation of underlying fund (As on October 31, 2018) (% of NAV)

Information Technology 21.78% Industrials 21.11% Consumer Discretionary 17.10% Financials 13.43% Materials 7.94% Consumer Staples 4.92% Energy 4.17% Health Care 4.17%

Telecommunication Services 1.83%

Real Estate 1.81% Cash 1.76%

33

Annexure for returns of all the schemes (as on 30th November 2018)

Scheme Name 1 YearCAGR (%)

3 YearsCAGR (%)

5 YearsCAGR (%)

Since Inception CAGR (%)

Date of Inception

FUNDS MANAGED BY MR. DHIMANT SHAH (TOTAL SCHEMES MANAGED : 3 SCHEMES)Principal Emerging Bluechip Fund -8.13 13.80 24.35 25.78

12-11-2008NIFTY Large Midcap 250 Index - TRI -2.08 12.89 18.11 18.51Principal Focused Multicap Fund 1.58 10.44 14.95 14.94

11-11-2005S&P BSE 250 Large Midcap - TRI 2.99 12.75 15.18 13.36Principal Dividend Yield Fund -1.24 13.81 16.68 12.31

15-10-2004Nifty Dividend Opportunities 50 - TRI 2.06 12.98 12.76 NA

FUNDS MANAGED BY MR. P.V.K. MOHAN (TOTAL SCHEMES MANAGED : 9 SCHEMES)Principal Multi Cap Growth Fund -6.50 12.65 18.31 15.57

25-10-2000Nifty 500 Index - TRI 0.74 12.24 15.12 15.82Principal Tax Savings Fund -7.02 12.36 18.13 16.24

31-03-1996Nifty 500 Index - TRI$ 0.74 12.24 15.12 13.55Principal Personal Tax Saver Fund -6.53 7.80 13.33 19.42

31-03-1996Nifty 500 Index - TRI$ 0.74 12.24 15.12 13.55Principal Balanced Advantage Fund (Equity Portion) 4.18 6.93 11.64 9.38

16-12-201050% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index 5.48 9.74 11.00 8.84

Principal Hybrid Equity Fund (Equity Portion) -0.56 13.43 16.14 11.2314-01-2000

CRISIL Hybrid 35+65 - Aggressive Index** 3.89 11.02 13.07 NAPrincipal Equity Savings Fund (Equity Portion) 2.13 7.07 7.60 7.89

23-05-200230% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 7.57 8.83 9.51 9.89Principal Retirement Savings Fund(Conservative Plan) 1.89 NA NA 6.85

14-12-201530% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 7.57 NA NA 9.30Principal Retirement Savings Fund(Progressive Plan) -1.22 NA NA 10.11

14-12-2015Nifty 200 Full Marketcap Index 3.35 NA NA 14.07Principal Retirement Savings Fund(Moderate Plan) 0.53 NA NA 7.64

14-12-2015CRISIL Hybrid 35+65 - Aggressive Index** 3.89 NA NA 12.04

FUNDS MANAGED BY MR. PANKAj jAIN (TOTAL SCHEMES MANAGED : 4 SCHEMES)Principal Cash Management Fund -1.83 4.14 5.98 6.90

30-08-2004CRISIL Liquid Fund Index 7.45 7.23 7.85 7.16Principal Low Duration Fund 5.95 7.38 7.76 7.69

14-09-2004CRISIL Low Duration Debt Index 7.12 7.75 8.46 7.49Principal Ultra Short Term Fund 0.88 5.08 6.70 6.24

28-12-2007CRISIL Liquid Fund Index 7.45 7.23 7.85 7.56Principal Equity Savings Fund (Debt Portion) 2.13 7.07 7.60 7.89

23-05-200230% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 7.57 8.83 9.51 9.89

FUNDS MANAGED BY MR. GURVINDER SINGH WASAN (TOTAL SCHEME MANAGED : 3 SCHEMES)Principal Short Term Debt Fund 5.04 7.02 7.80 7.65

09-05-2003CRISIL Short Term Bond Fund Index 5.64 7.36 8.28 7.12Principal Credit Risk Fund 6.03 7.40 8.20 7.57

14-09-2004NIFTY Credit Risk Bond Index 5.74 8.05 9.22 8.72Principal Corporate Bond Fund 2.78 5.83 6.88 7.71

30-12-2003CRISIL Short Term Bond Fund Index 5.64 7.36 8.28 7.17

FUNDS MANAGED BY MR. RAjAT jAIN (TOTAL SCHEMES MANAGED : 3 SCHEMES)Principal Nifty 100 Equal Weight Fund -2.28 8.17 10.21 10.51

27-07-1999Nifty 100 Equal Weight - TRI -6.43 9.88 14.26 NAPrincipal Arbitrage Fund -0.50 NA NA 3.12

21-04-2016Nifty 50 Arbitrage Index 4.82 NA NA 5.07Principal Global Opportunities Fund -4.91 8.82 3.01 6.95

29-03-2004MSCI All Country World Small Cap Index 3.28 10.27 8.71 12.25

FUNDS MANAGED BY MS. BEKxY KURIAKOSE (TOTAL SCHEMES MANAGED : 3 SCHEMES)Principal Hybrid Equity Fund (Debt Portion) -0.56 13.43 16.14 11.23

14-01-2000CRISIL Hybrid 35+65 - Aggressive Index** 3.89 11.02 13.07 NAPrincipal Dynamic Bond Fund 3.21 6.70 8.03 7.36

09-05-2003CRISIL Composite Bond Fund Index 3.77 7.41 8.99 6.57Principal Balanced Advantage Fund (Debt Portion) 4.18 6.93 11.64 9.38

16-12-201050% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index 5.48 9.74 11.00 8.84

FUNDS MANAGED BY MR. SIDDARTH MOHTA (TOTAL SCHEMES MANAGED : 1 SCHEME)Principal Multi Cap Growth Fund -6.50 12.65 18.31 15.57

25-10-2000Nifty 500 Index - TRI 0.74 12.24 15.12 15.82Principal Arbitrage Fund was launched on 21st Apr 2016 and is yet to complete 3 years & 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 3 years & 5 years of performance. Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Mr. Dhimant Shah manages Principal Emerging Bluechip Fund (w.e.f. June 2011), Principal Focused Multicap Fund (w.e.f. July 2017) and Principal Dividend Yield Fund (w.e.f. December 2011)Mr. P.V.K. Mohan & Mr. Siddarth Mohta manages Principal Multi Cap Growth Fund (w.e.f. September 2010), Principal Tax Savings Fund (w.e.f. September 2010), Principal Personal Tax Saver Fund (w.e.f. July 2017), Principal Balanced Advantage Fund - Equity Portion (w.e.f. July 2017), Principal Hybrid Equity Fund - Equity Portion (w.e.f. May 2010), Principal Equity Savings Fund - Equity Portion (w.e.f. June 2016) and Principal Retirement Savings Fund (Conservative Plan-Progressive Plan-Moderate Plan) (w.e.f. June 2018)Mr. Pankaj Jain manages Principal Cash Management Fund (w.e.f. January 2012), Principal Low Duration Fund (w.e.f. January 2012), Principal Ultra Short Term Fund (w.e.f. January 2012) and Principal Equity Savings Fund - Debt Portion (w.e.f. January 01, 2018)Mr. Gurvinder Singh Wasan manages Principal Short Term Debt Fund (w.e.f. April 2011), Principal Credit Risk Fund and Principal Corporate Bond Fund (w.e.f. January 01, 2018)Mr. Rajat Jain manages Principal Nifty 100 Equal Weight Fund (w.e.f. August 2015), Principal Arbitrage Fund (w.e.f. April 2016) and Principal Global Opportunities Fund (w.e.f. March 2004) Ms. Bekxy Kuriakose manages Principal Hybrid Equity Fund- Debt Portion (w.e.f. Mar 2016), Principal Dynamic Bond Fund (w.e.f. January 2013), and Principal Balanced Advantage Fund - Debt Portion (w.e.f. January 01, 2018)** The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200.$As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 500 Index PRI values from date 31-03-1996 to 26-11-1998 and TRI values since 26-11-1998.

34

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

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

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

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

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

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

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

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

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

• 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.

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

Name, Address and Website of Registrar:

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

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