New Equity Savings Fund · 2020. 8. 20. · Mutual Fund Investments are subject to market risk,...

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

Principal Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt)This Product Is Suitable For Investors Who Are Seeking~-• 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.

Investors understand that their principal will be at moderately high risk

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FUNDS INSIGHTAugust, 2020

Mutual Fund

Some things grow valuable with time. Investments in equity is one of them.

Invest in

An open-ended scheme investing in equity,arbitrage and debt

EquitySavings Fund

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

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

Fund Details Portfolio

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

Data As on July 31, 2020

For NAV details, please refer page 6

Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 500£Existing Investor- ` 1,000 STP- ` 1000§ RWP- ` 500§£12 installments each §6 installments each

Asset Under Managment (` Cr) MAAUM: 242.12

AUM: 245.71

Allotment Date & Benchmark Allotment Date

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

Benchmark: NIFTY Midcap 100 Index - TRI

`Load StructureEntry Load: NILExit Load: If redeemed/ switched on or before 365 days from the date of allotment:Nil for redemption/ switch out of units upto 24% of the units allotted (the limit)1% on redemption in excess of 24% of the limit stated above- Redemption of units would be done on First in First out Basis (FIFO)Nil thereafter. (w.e.f. March 31, 2020)

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

Fund Manager DetailsName: Ravi Gopalakrishnan &

Mr. Sudhir KediaManaging Since: Dec 2019 & Dec 2019

Total Experience: 29 years & 14 years

Expense Ratio# (As on July 31, 2020)Direct Plan - 0.40 %Regular Plan - 2.41 %

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

Pharmaceuticals 9.28% Finance 9.23% Auto Ancillaries 7.68% Industrial Products 7.45% Consumer Non Durables 6.53% Consumer Durables 5.99% Banks 5.28%

Pesticides 5.13%

Cement 4.71% Chemicals 4.57%

Market Cap Allocation (As on July 31, 2020) (% of NAV)

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

Name % of NAV

Finance 8.80Max Financial Services Ltd. 2.71Can Fin Homes Ltd. 1.71Muthoot Finance Ltd. 1.40Bajaj Finserv Ltd. 1.12HDFC Asset Management Company Ltd. 0.93Mahindra & Mahindra Financial Services Ltd.£ 0.93Pharmaceuticals 8.71IPCA Laboratories Ltd. 2.26Natco Pharma Ltd. 2.18Abbott India Ltd. 1.84Alkem Laboratories Ltd. 1.33Divi'sLaboratoriesLtd. 1.10Auto Ancillaries 7.68WABCO India Ltd. 3.53Balkrishna Industries Ltd. 1.75Exide Industries Ltd. 1.31MRF Ltd. 1.09Consumer Non Durables 6.53Tata Consumer Products Ltd. 2.47Jubilant Foodworks Ltd. 2.37United Spirits Ltd. 0.92Varun Beverages Ltd. 0.77Industrial Products 6.12AIA Engineering Ltd. 2.42Astral Poly Technik Ltd. 1.37SKF India Ltd. 1.36SRF Ltd. 0.97Consumer Durables 5.75Whirlpool of India Ltd. 2.11Voltas Ltd. 1.58Relaxo Footwears Ltd. 1.09VIP Industries Ltd. 0.97Pesticides 5.13Bayer Cropscience Ltd. 2.82PI Industries Ltd. 2.31Banks 4.67Kotak Mahindra Bank Ltd. 1.02HDFC Bank Ltd. 0.97The Federal Bank Ltd. 0.94ICICI Bank Ltd. 0.91City Union Bank Ltd. 0.83Chemicals 4.57Atul Ltd. 2.31Rossari Biotech Ltd. 1.43Aarti Industries Ltd. 0.83

Name % of NAV

Cement 4.06The Ramco Cements Ltd. 1.55ACC Ltd. 1.53JK Cement Ltd. 0.98Software 3.31MindTree Ltd. 2.16Mphasis Ltd. 1.15Auto 3.00TVS Motor Company Ltd. 1.18Maruti Suzuki India Ltd. 1.00Escorts Ltd. 0.82Power 2.69Torrent Power Ltd. 2.69Textile Products 2.45Page Industries Ltd. 2.45Petroleum Products 2.22Castrol India Ltd. 1.23Reliance Industries Ltd.# 0.99Fertilisers 2.20Coromandel International Ltd. 2.20Telecom - Services 1.89Bharti Airtel Ltd. 1.89Construction 1.76Kajaria Ceramics Ltd. 1.76Industrial Capital Goods 1.70Honeywell Automation India Ltd. 1.70Ferrous Metals 1.41Tata Steel BSL Ltd. 1.41Construction Project 1.26Larsen & Toubro Ltd. 1.26Retailing 1.11Trent Ltd. 1.11Gas 1.06Gujarat State Petronet Ltd. 1.06Non - Ferrous Metals 0.79National Aluminium Company Ltd. 0.79Other Equities* 7.39 Total 96.26 DERIVATIVESNational Stock Exchange of India Ltd. 0.18 Treasury Bills 0.08 91 DAY T-BILL Sovereign 0.08 TREPS / Reverse Repo Investments 1.17 TREPS 1.17 Cash & Cash Equivalents 2.49 Net Assets 100.00

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

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IndexDetails

Equity Markets Round Up 2

Fixed Income Market Update 3

How to Read Factsheet 4

Product Suitability 5

NAV (Net Asset Value) 6

Principal Fixed Income Funds Snapshot 7

Systematic Investment Plan (SIP) Returns 8

Equity Funds

Principal Emerging Bluechip Fund 10

Principal Multi Cap Growth Fund 11

Principal Focused Multicap Fund 12

Principal Small Cap Fund 13

Principal Midcap Fund 14

Principal Dividend Yield Fund 15

Principal Tax Savings Fund 16

Principal Personal Tax Saver Fund 17

Principal Nifty 100 Equal Weight Fund 18

Hybrid Funds

Principal Hybrid Equity Fund 19

Principal Balanced Advantage Fund 20

Principal Equity Savings Fund 21

Principal Arbitrage Fund 22

Fixed Income FundsPrincipal Cash Management Fund 23

Principal Ultra Short Term Fund 24

Principal Low Duration Fund 25

Principal Short Term Debt Fund 26

Principal Credit Risk Fund 27

Principal Dynamic Bond Fund 28

Solution Oriented Funds

Principal Retirement Savings Fund (Progressive Plan) 29

Principal Retirement Savings Fund (Moderate Plan) 30

Principal Retirement Savings Fund (Conservative Plan) 31

Fund of Funds

Principal Global Opportunities Fund 32

Other Details

Annexure for returns of all the Schemes 33

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EQUITY & DEBT

MARKET OUTLOOK

Equity Markets Round Up: July 2020

The Indian equity markets outperformed emerging markets as a category during the month of July. MSCI India (USD) was up 10% during the month against the MSCI EM (USD) index which was up 8.4%. Among Indian indices, the Nifty (+ 7.5%) outperformed both the Midcap and Smallcap indices. It also outperformed the NSE 100 equal weight index as the performance of the markets was polarized during the month. Although 37 of the 50 stocks in the Nifty were up during the month, Reliance and Infosys delivered nearly 61% of the movement in the Nifty. Among sectoral indices, the IT, Healthcare and Auto indices did well while Consumer staples, Industrials and Financials underperformed. Banks and NBFCs generally indicated that the proportion of loans under moratorium had declined. However, comparison across banks / NBFCs remains difficult given that different institutions used somewhat different methods to compute the data. Many private sector banks / NBFCs / HFCs have also raised capital in the last 2-3 months. This is expected to strengthen their balance sheets and enable them to grow when demand for credit picks up. The trend of select institutions gaining market share in the financials space is likely to continue.

In terms of flows, offshore flows into EM equity during the month were about USD 1.4 BN (JP Morgan data). FPI inflows into Indian equity during the month were positive at Rs. 7,563 crores, while Mutual Funds were net sellers of Rs. 9,195 crores.

In macroeconomic events, the Current account deficit was positive for Q4, FY 20 at 0.1% of GDP, the first time in thirteen years. More unusually, India had a surplus on merchandise trade in the month of June (data reported in July). Merchandise imports for the month were down 48% YoY, while exports were down only 12% YoY. While this is likely to be temporary and will certainly reverse in H2, FY 21, this, combined with flows on invisibles and FDI and FPI flows has created surplus of Dollars in the economy. The RBI has bought USD to prevent appreciation of the Rupee (the size of forex reserves has grown from USD 476 BN in March’ 20 to USD 535 BN at end of July). Accordingly, money supply (M3) is now growing at 12.5% +, a six year high. This probably is also one of the contributing factors behind the rally in asset prices. On the fiscal side, receipts for the central government were at 7% of full year estimates while expenditure was along previous year trends, at 27% of full year budget. Accordingly, the fiscal deficit for Q1 is at 54% of the revised target for FY 21 (i.e. after adding the extra borrowings for the central government). The MNREGA spend is budgeted to go to Rs. 107,000 crores from Rs. 61,500 crores. Accordingly, the full year budget deficit for the centre is likely to be upwards of 7% of GDP.

In results for Nifty 50 companies for Q1, FY 21 declared so far (31 companies had declared till end of July), while aggregate sales were down 28%, the EBITDA was down 1%. Companies tightly controlled costs by cutting advertising spends, travel and sales spends and in some cases, by cuts in employee spends. Also, for cement companies, low fuel and input commodity costs also supported margins. The economy is opening up, though data for July is virtually flat versus June numbers. This could be the result of Coronavirus spreading to Tier -III and Tier – IV towns and localised lockdowns.

Outlook

The rally in risk assets including equity markets has been global, with substantial participation by retail investors. The rally began as valuations had become quite cheap, and it was driven by easy liquidity and central bank actions. However, the economic recovery is gradual and economic uncertainties still remain. Given the sharp recovery in stock prices, is possible that the markets remain volatile and directionless next couple of months. However, if there is a sharp correction it would be a good entry point for investors from a medium term perspective.

Data Item Growth

1 Month 1 yearMSCI EM Index (USD) 8.42 4.04MSCI EM Index Local 7.61 8.08MSCI World Index (USD) 4.69 5.37Nifty 100 Equal Weight Index 4.73 0.13Indian Rupee 0.92 -8.74Dollar Index (DXY) -4.15 -5.24Crude Oil- Brent 5.22 -33.56CRB Index 4.89 -6.31Gold 10.94 39.76Copper 6.62 8.20Iron Ore 11.47 -6.66Cotton (Cotlook A Index) 0.88 -8.60JP Morgan EM FX Index 2.41 -10.87Data as on 31st July 2020. Source: Bloomberg, NSDL and Sebi websites

Indicators June-20 July-20FII net flows (Rs. Crs) 21,832 7,563Mutual Fund net flows (Rs. Crs) -612 -9,195Exports (USD Billion) 19.05 21.91Imports (USD Billion) 22.20 21.11CPI @ 6.09IIP @ @Data as on 31st July 2020. Souce: Bloomberg, NSDL and Sebiwebsites@Data not available

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Fixed Income Market Update: July 2020• The month was characterized by mixed movement in money market yields and gilt yields and sharp

compression in AAA corporate bond spreads. Ample banking system liquidity, flows into debt mutual funds, flight to safety, fall in US treasury yields and stable external environment were the key reasons.

• India'sfiscaldeficitforthefirstthreemonthsofthefiscalyear2020-21hascomeinataround6.62lakhcrore,as per the report released by the Centre. This means that within the first three months of FY21, the fiscal deficit numbers have hit nearly 83 percent of the total budgeted target for the current fiscal.

• Yetanothernewtenyrgiltbenchmarkwasissuedduringthemonth.Itclosedat5.77%,sameasthecouponat which it was issued. The not so new gilt benchmark closed at 5.83%, 5 bps lower than previous month. The 5 yr gilt benchmark fell sharply to close at 4.98%, 30 bps lower than previous month.

• Corporatebondsyieldsfellduringthemonth.The5yrAAAbenchmarkandthe10yrAAAbenchmarkendedthe month at 5.67% and 6.53% respectively compared to 6.16% and 7.05% in the previous month.

• 1yearCDratesclosedat3.75%comparedto4.05%inthepreviousmonth.3monthCDratesontheotherhand rose somewhat to close at 3.33%, compared to 3.25% in previous month.

• BrentCrudeoilpricesfurtherroseduringthemonthonsignsofupturnineconomicactivityfromUSD40.89per barrel to USD 42.81 per barrel. INR appreciated to 74.81 during the month on the back of trade surplus reported for the month of June at USD 0.80 bn for the first time in 18 years. For the month of July, FPIs were net sellers in the debt market to the tune of Rs 2202 cr. 10 yr US treasury yields fell to 0.53% as compared to 0.66% at end of June.

• CPIinflationwasreleasedafteragapof3monthsduringthemonth.ReportedfiguresforApril,MayandJunewere 7.22%, 6.27% and 6.09% respectively. The increase has been mainly due to food and vegetable items, fuel and gold prices.

• MayIndustrialproduction(IIP)growthcameat-34.7%ascomparedto-57.6%forpreviousmonthreflectingsome resumption of economic activity as lockdown measures started easing.

• BankingSystemLiquidityremainsample.ForthemonthofJulythemonthlyaveragesurpluswasRs3.60 lakh cr.

Outlook:

• WeexpectBankingSystemliquiditymayremaincomfortableintherangeofRs2.5to3.5lakhcroresforthe month of August. Short term CD and CP rates and overnight rates may remain stable and low as was prevalent in July.

• Whilefiscalworriesremainonanticipatedstimulusmeasuresandslowdownintaxrevenues,RBImeasuresmay act as a counterbalancing force and keep gilt prices at short to medium end supported. We expect that in the RBI MPC Review scheduled for August 6th, RBI may reduce key rates or only the reverse repo rate by 25 bps and/or may undertake other measures to keep rates stable and ensure monetary transmission.

• Thecreditenvironmentisexpectedtoremainfragileonuncertaintyofrevenuesandcashflowsduetotheunprecedented nationwide lockdown.

Index 1 Month(%)3 Months

(%)6 Months

(%)1 Year

(%)

Broad Indices

Nifty 50 11073 7.49 12.31 -7.43 -0.40

S&P BSE Sensex 37607 7.71 11.53 -7.65 0.34

S&P BSE 100 11159 7.19 12.14 -7.65 -0.46

S&P BSE 200 4653 6.81 12.38 -7.70 0.39

S&P BSE 500 14346 6.76 12.78 -8.33 0.15

S&P BSE MID CAP 13759 5.39 14.53 -11.01 0.85

S&P BSE SMALL CAP 13022 5.18 17.29 -11.22 2.60

Performance As on July 31, 2020*

Index 1 Month(%)3 Months

(%)6 Months

(%)1 Year

(%)

Sectoral Indices

S&P BSE AUTO 16490 7.95 23.52 -9.20 6.58

S&P BSE Bankex 24599 1.26 -0.51 -30.29 -24.75

S&P BSE CD 21479 5.61 4.65 -17.85 -3.86

S&P BSE CG 12735 -0.96 4.50 -27.07 -27.46

S&P BSE FMCG 11445 1.66 6.26 -1.68 3.46

S&P BSE HC 18285 12.43 19.26 31.01 43.92

S&P BSE METAL 7826 8.54 16.01 -17.57 -19.20

S&P BSE Oil & Gas 13174 4.00 9.18 -5.38 -0.47

S&P BSE PSU 4919 0.75 2.80 -25.10 -29.41

S&P BSE Teck 8840 16.79 23.60 11.73 15.00

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

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How to Read Factsheet

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

MAAUM - Monthly Average Asset Under Management

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Product Suitability

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Equity Funds

Principal Emerging Bluechip Fund (`) Principal Multi Cap Growth Fund (`) Principal Tax Savings Fund (`)Regular Plan - Growth 102.19 Regular Plan - Growth 132.34 Regular Plan - Growth 194.80Regular Plan - Half Yearly Dividend Option 39.46 Regular Plan - Half Yearly Dividend Option 32.72 Regular Plan - Half Yearly Dividend Option 194.80Direct Plan - Growth 109.86 Direct Plan - Growth 140.07 Direct Plan - Growth 202.62Direct Plan - Half Yearly Dividend Option 83.65 Direct Plan - Half Yearly Dividend Option 41.95 Direct Plan - Half Yearly Dividend Option 202.62

Principal Nifty 100 Equal Weight Fund (`) Principal Focused Multicap Fund (`) Principal Dividend Yield Fund (`)Regular Plan - Growth 66.0695 Regular Plan - Growth 65.73 Regular Plan - Growth 53.16Regular Plan - Dividend 38.8303 Regular Plan - Half Yearly Dividend Option 24.73 Regular Plan - Half Yearly Dividend Option 22.38Direct Plan - Growth 68.1792 Direct Plan - Growth 69.24 Direct Plan - Growth 55.33Direct Plan - Dividend 40.0678 Direct Plan - Half Yearly Dividend Option 25.57 Direct Plan - Half Yearly Dividend Option 30.68

Principal Small Cap Fund (`) Principal Midcap Fund (`) Principal Personal Tax Saver Fund (`)Regular Plan - Growth 10.5500 Regular Plan - Growth 9.5400 Regular Plan - Growth 181.31Regular Plan - Dividend 10.5500 Regular Plan - Dividend 9.5400 Direct Plan - Growth 188.82Direct Plan - Growth 10.7900 Direct Plan - Growth 9.6500Direct Plan - Dividend 10.7900 Direct Plan - Dividend 9.6500

Hybrid Funds

Principal Hybrid Equity Fund (`) Principal Balanced Advantage Fund (`) Principal Equity Savings Fund (`)Regular Plan - Growth 74.52 Regular Plan - Growth 21.27 Regular Plan - Growth 37.8682Regular Plan - Monthly Dividend Option 21.23 Regular Plan - Monthly Dividend Option 13.12 Regular Plan - Quaterly Dividend Option 12.8759Direct Plan - Growth 80.52 Direct Plan - Growth 23.15 Regular Plan - Half Yearly Dividend Option 12.2228Direct Plan - Monthly Dividend Option 29.26 Direct Plan - Monthly Dividend Option 14.89 Direct Plan - Growth 40.6192

Direct Plan - Quaterly Dividend Option 16.2962Direct Plan - Half Yearly Dividend Option 12.1147

Principal Arbitrage Fund (`)Regular Plan - Growth 11.4196Regular Plan - Monthly Dividend Option 10.0404Direct Plan - Growth 11.7040Direct Plan - Monthly Dividend Option 10.1692

Fixed Income Funds

Principal Cash Management Fund (`) Principal Low Duration Fund (`) Principal Short Term Debt Fund (`)Regular Plan - Growth 1770.3973 Regular Plan - Growth 2668.3802 Regular Plan - Growth 33.7010Regular Plan - Daily Dividend Option 1000.8893 Regular Plan - Daily Dividend Option 911.0365 Regular Plan - Monthly Dividend Option 12.8242Regular Plan - Weekly Dividend Option 1006.4855 Regular Plan - Weekly Dividend Option 911.1869 Direct Plan - Growth 35.5351Regular Plan - Monthly Dividend Option 1023.9820 Regular Plan - Monthly Dividend Option 1033.3934 Direct Plan - Monthly Dividend Option 12.8586Direct Plan - Growth 1780.0659 Direct Plan - Growth 2775.1220Direct Plan - Daily Dividend Option 1000.6367 Direct Plan - Daily Dividend Option 914.7402Direct Plan - Weekly Dividend Option 1006.9425 Direct Plan - Weekly Dividend Option 913.3683Direct Plan - Monthly Dividend Option 1024.0378 Direct Plan - Monthly Dividend Option 1037.7711

Principal Dynamic Bond Fund (`) Principal Credit Risk Fund (`) Principal Ultra Short Term Fund (`)Regular Plan - Growth 31.9724 Regular Plan - Growth 3099.4948 Regular Plan - Growth 2137.3726Regular Plan - Quaterly Dividend Option 13.7736 Regular Plan - Monthly Dividend Option 1237.4391 Regular Plan - Daily Dividend Option 1005.4300Regular Plan - Annually Dividend Option 12.1593 Direct Plan - Growth 3222.9248 Regular Plan - Weekly Dividend Option 1019.1782Direct Plan - Growth 33.6913 Direct Plan - Monthly Dividend Option 1240.6969 Regular Plan - Monthly Dividend Option 1059.6994Direct Plan - Quaterly Dividend Option 13.9142 Direct Plan - Growth 2207.9123Direct Plan - Annually Dividend Option 12.5400 Direct Plan - Monthly Dividend Option 1060.0812

Solution Oriented Funds

Principal Retirement Savings Fund (CP) (`) Principal Retirement Savings Fund (PP) (`) Principal Retirement Savings Fund (MP) (`)Regular Sub Plan - Growth 12.4191 Regular Sub Plan - Growth 12.7391 Regular Sub Plan - Growth 12.6775Direct Sub Plan - Growth 12.6841 Direct Sub Plan - Growth 13.1501 Regular Sub Plan - Dividend 12.6775

Direct Sub Plan - Growth 13.0566

Fund of Funds

Principal Global Opportunities Fund (`)Regular Plan - Growth 32.1736Regular Plan - Dividend 32.1736Direct Plan - Growth 33.1859Direct Plan - Dividend 33.1859

NAV (Net Asset Value) (As on July 31, 2020)

7

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

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Principal Tax Savings Fund - Growth

Particulars Total Amount Invested (in `)Scheme’s Returns Scheme’s Benchmark (Nifty 500 Index - TRI)**

Additional Benchmark (Nifty 50 - TRI)^

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 8.00 1,25,107 7.58 1,24,837 7.88 1,25,030 3 Years SIP 3,60,000 -1.82 3,49,997 0.86 3,64,797 3.14 3,77,675 5 Years SIP 6,00,000 3.83 6,61,049 5.27 6,85,470 6.83 7,12,891 7 Years SIP 8,40,000 7.29 10,88,780 7.44 10,94,460 7.88 11,11,815 10 Years SIP 12,00,000 10.23 20,39,436 9.00 19,11,265 9.05 19,16,382

Since Inception SIP 28,50,000 15.22 2,38,57,667 Not AvailableInception Date - March 31, 1996

Systematic Investment Plan (SIP) Returns (As on July 31, 2020)SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN

SCHEMES MANAGED BY MR. SUDHIR KEDIA

Principal Emerging Bluechip Fund - Growth

Particulars Total Amount Invested (in `)Scheme’s Returns Scheme’s Benchmark (NIFTY Large Midcap 250 Index - TRI)

Additional Benchmark (Nifty 50 - TRI)

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 8.40 1,25,355 7.65 1,24,884 7.88 1,25,030 3 Years SIP 3,60,000 -0.08 3,59,542 -0.07 3,59,630 3.14 3,77,675 5 Years SIP 6,00,000 5.28 6,85,734 4.95 6,79,906 6.83 7,12,891 7 Years SIP 8,40,000 10.57 12,23,907 8.21 11,24,805 7.88 11,11,815 10 Years SIP 12,00,000 13.96 24,87,981 10.20 20,35,899 9.05 19,16,382 Since Inception SIP 14,00,000 15.22 35,98,068 11.11 27,67,152 9.73 25,35,322 Inception Date - November 12, 2008

Principal Dividend Yield Fund - Growth

Particulars Total Amount Invested (in `)Scheme’s Returns Scheme’s Benchmark (Nifty Dividend Opportunities 50 Index - TRI)*


Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 12.24 1,27,766 8.10 1,25,171 7.88 1,25,030 3 Years SIP 3,60,000 2.25 3,72,629 -0.21 3,58,837 3.14 3,77,675 5 Years SIP 6,00,000 7.05 7,16,780 4.75 6,76,604 6.83 7,12,891 7 Years SIP 8,40,000 8.97 11,55,832 6.24 10,48,492 7.88 11,11,815 10 Years SIP 12,00,000 9.74 19,86,760 7.44 17,60,035 9.05 19,16,382 Since Inception SIP 18,90,000 10.04 44,23,751 NA NA NA NAInception Date - October 15, 2004

Principal Focused Multicap Fund - Growth

Particulars Total Amount Invested (in `)Scheme’s Returns Scheme’s Benchmark (S&P BSE 250 Large Midcap - TRI)


Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 8.42 1,25,370 8.56 1,25,460 7.88 1,25,030 3 Years SIP 3,60,000 3.93 3,82,221 2.05 3,71,490 3.14 3,77,675 5 Years SIP 6,00,000 6.69 7,10,291 6.20 7,01,718 6.83 7,12,891 7 Years SIP 8,40,000 8.34 11,30,109 8.10 11,20,619 7.88 11,11,815 10 Years SIP 12,00,000 9.68 19,81,327 9.55 19,67,591 9.05 19,16,382 Since Inception SIP 17,60,000 10.74 40,93,449 10.09 38,79,563 9.61 37,32,043 Inception Date - November 11, 2005

Principal Multi Cap Growth Fund - Growth

Particulars Total Amount Invested (in `)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 4.94 1,23,165 7.58 1,24,837 7.88 1,25,030 3 Years SIP 3,60,000 -2.30 3,47,404 0.86 3,64,797 3.14 3,77,675 5 Years SIP 6,00,000 3.70 6,58,976 5.27 6,85,470 6.83 7,12,891 7 Years SIP 8,40,000 7.27 10,87,627 7.44 10,94,460 7.88 11,11,815 10 Years SIP 12,00,000 10.17 20,32,862 9.00 19,11,265 9.05 19,16,382 Since Inception SIP 23,70,000 13.05 1,01,15,823 13.74 1,09,89,466 13.13 1,02,10,229 Inception Date - October 25, 2000

SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN & SIDDARTH MOHTA

Different plans shall have a different expense structure. Returns shown above are for Regular Plan - Growth option. Past performance may or may not be sustained in the future.The returns shown above are calculated using XIRR approach (CAGR Returns) assuming investment of `10,000/- on the 1st business day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Load is not taken into consideration for computation of performance.For performance of all schemes, Investors are advised to refer ‘Returns’ section on page 33.Disclaimer: The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Mr. Ravi Gopalakrishnan manages Principal Emerging Bluechip Fund, Principal Focused Multicap Fund and Principal Dividend Yield Fund (w.e.f. October 2019).Mr. Ravi Gopalakrishnan manages Principal Multi Cap Growth Fund, Equity portion of Principal Balanced Advantage Fund and Mr. Siddarth Mohta has been appointed as a Associate Fund Manager of Principal Multi Cap Growth Fund (w.e.f. August 2018).Mr. Sudhir Kedia manages Principal Tax Savings Fund, Principal Tax Saver Fund and Equity portion of Principal Equity Savings Fund (w.e.f. October 2019).^Since TRI data is not available for the period 31-03-1996 to 30-06-1999 for Nifty 50 Index, SIP performance for since inception period is not provided. **Since TRI data is not available for the period 31-03-1996 to 26-11-1998 for Nifty 500 Index, SIP performance for since inception period is not provided. *Since performance data for Nifty Dividend Opportunities 50 Index is not available, SIP performance since inception period is not provided.

Principal Personal Tax Saver Fund - Growth

Particulars Total Amount Invested (in `)Scheme’s Returns Scheme’s Benchmark (Nifty 500 Index- TRI)**

Additional Benchmark (Nifty 50 - TRI)^

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 7.59 1,24,844 7.58 1,24,837 7.88 1,25,030 3 Years SIP 3,60,000 -2.26 3,47,607 0.86 3,64,797 3.14 3,77,675 5 Years SIP 6,00,000 1.45 6,22,495 5.27 6,85,470 6.83 7,12,891 7 Years SIP 8,40,000 4.17 9,74,025 7.44 10,94,460 7.88 11,11,815 10 Years SIP 12,00,000 6.57 16,81,872 9.00 19,11,265 9.05 19,16,382 Since Inception SIP 29,10,000 15.54 2,69,55,567 Not AvailableInception Date - March 31, 1996

9

Principal Nifty 100 Equal Weight Fund - Growth

Particulars Total Amount Invested (in `)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 5.71 1,23,657 8.63 1,25,499 7.88 1,25,030 3 Years SIP 3,60,000 -2.63 3,45,639 -1.61 3,51,154 3.14 3,77,675 5 Years SIP 6,00,000 1.33 6,20,600 2.55 6,39,985 6.83 7,12,891 7 Years SIP 8,40,000 3.20 9,40,986 5.47 10,20,193 7.88 11,11,815 10 Years SIP 12,00,000 5.27 15,72,126 7.73 17,86,963 9.05 19,16,382 Since Inception SIP 25,20,000 9.67 77,69,130 NA NA 12.93 1,17,65,799 Inception Date - July 27, 1999

Different plans shall have a different expense structure. Returns shown above are for Regular Plan - Growth option. Past performance may or may not be sustained in the future.The returns shown above are calculated using XIRR approach (CAGR Returns) assuming investment of `10,000/- on the 1st business day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Load is not taken into consideration for computation of performance.For performance of all schemes, Investors are advised to refer ‘Returns’ section on page 33.Disclaimer: The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Mr. Ravi Gopalakrishnan manages Principal Balanced Advantage Fund - Equity Portion, Principal Hybrid Equity Fund - Equity Portion and Mr. Gurvinder Singh Wasan manages Principal Equity Savings Fund - Debt portion (w.e.f. May 2019).Mr. Sudhir Kedia manages Principal Tax Savings Fund, Principal Personal Tax Saver Fund Principal Equity Savings Fund - Equity Portion (w.e.f. October 2019). Mr. Gurvinder Singh Wasan manage Principal Equity Savings Fund - Debt portion (w.e.f. May 2019).Mr. Ravi Gopalakrishnan manage Principal Hybrid Equity Fund - Equity Portion, Mr. Bekxy Kuriakose - Debt Portion and Mr. Ashish Aggrawal - Associate Fund Manager (w.e.f. October 2019)Ms. Bekxy Kuriakose manages Principal Hybrid Equity Fund - Debt Portion (w.e.f. Mar 2016) and Principal Balanced Advantage Fund - Debt Portion (w.e.f. January 01, 2018)Mr. Rajat Jain manages Principal Nifty 100 EqualWeight Fund (w.e.f. August 2015)*Fresh sale of units i.e. by way of purchase/ Switch-ins and registration of fresh SIP arrangement under the Scheme is suspended till further notice.# The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200With effect from June 10, 2018, fresh allotment of units in Principal Personal Tax saver Fund even in case of SIPs registered prior to close of business hours of March 31, 2017 is suspended.^Since TRI data is not available for the period 31-03-1996 to 30-06-1999 for Nifty 50 Index, SIP performance for since inception period is not provided. **Since TRI data is not available for the period 31-03-1996 to 26-11-1998 for Nifty 500 Index, SIP performance for since inception period is not provided. ~Since performance data for Nifty 100 Equal Weight Index is not available, SIP performance since inception period is not provided.Performance of Principal Midcap Fund is not given as the scheme has not completed 1 year.

Systematic Investment Plan (SIP) Returns (As on July 31, 2020)

Principal Balanced Advantage Fund - Growth

Particulars Total Amount Invested (in `)Scheme’s Returns

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

Nifty Arbitrage) Returns Yield * (%)Additional Benchmark

(Nifty 50 - TRI)

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 9.68 1,26,163 9.54 1,26,072 7.88 1,25,030 3 Years SIP 3,60,000 3.57 3,80,163 6.16 3,95,235 3.14 3,77,675 5 Years SIP 6,00,000 4.59 6,73,931 7.65 7,27,671 6.83 7,12,891 7 Years SIP 8,40,000 6.02 10,40,420 8.36 11,30,870 7.88 11,11,815 Since Inception SIP 11,50,000 7.80 16,89,306 9.15 18,07,413 9.16 18,09,126

Inception Date - December 16, 2010

Principal Hybrid Equity Fund - Growth

Particulars Total Amount Invested (in `)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 7.72 1,24,928 12.34 1,27,828 7.88 1,25,030 3 Years SIP 3,60,000 0.51 3,62,844 6.42 3,96,762 3.14 3,77,675 5 Years SIP 6,00,000 5.52 6,89,747 8.23 7,38,370 6.83 7,12,891 7 Years SIP 8,40,000 8.00 11,16,673 9.25 11,67,329 7.88 11,11,815 10 Years SIP 12,00,000 9.79 19,92,183 9.91 20,04,693 9.05 19,16,382 Since Inception SIP 24,60,000 12.06 97,41,383 9.55 71,75,806 12.98 1,09,28,263 Inception Date - January 14, 2000

Principal Equity Savings Fund - Growth

Particulars Total Amount Invested (in `)Scheme’s Returns Scheme’s Benchmark (Nifty Equity Savings Index)

Additional Benchmark (CRISIL 10 year Gilt Index)

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 10.64 1,26,763 8.74 1,25,572 10.12 1,26,438 3 Years SIP 3,60,000 4.77 3,87,114 6.56 3,97,587 10.46 4,21,133 5 Years SIP 6,00,000 5.54 6,90,151 7.42 7,23,490 8.63 7,45,704 7 Years SIP 8,40,000 5.99 10,39,357 7.81 11,08,883 8.64 11,42,447 10 Years SIP 12,00,000 6.16 16,46,696 8.36 18,47,160 8.11 18,23,629 Since Inception SIP 21,80,000 6.80 42,17,237 5.45 36,77,984 7.05 43,25,217 Inception Date - May 23, 2002

SCHEME MANAGED BY MR. SUDHIR KEDIA & GURVINDER SINGH WASAN

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

SCHEME MANAGED BY MR. RAVI GOPALAKRISHNAN, MR. ASHISH AGGARWAL & MS. BEKXY KURIAKOSE

SCHEME MANAGED BY MR. RAJAT JAIN

Principal Short Term Debt Fund - Growth

Particulars Total Amount Invested (in `)Scheme’s Returns Scheme’s Benchmark (CRISIL Short-Term Bond Fund Index)

Additional Benchmark (CRISIL 10 Year Gilt Index)

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 15.92 1,30,036 12.21 1,27,736 10.31 1,26,554 3 Years SIP 3,60,000 5.64 3,92,176 10.08 4,18,766 10.47 4,21,143 5 Years SIP 6,00,000 5.54 6,90,120 9.02 7,53,041 8.63 7,45,714 7 Years SIP 8,40,000 6.12 10,44,115 8.91 11,53,299 8.65 11,42,467 10 Years SIP 12,00,000 6.80 17,01,881 8.85 18,95,534 8.11 18,23,649

Since Inception SIP 20,60,000 7.34 40,35,398 8.22 43,90,179 7.13 39,52,084 Inception Date - May 09, 2003

SCHEMES MANAGED BY GURVINDER SINGH WASAN

10

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

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


Dividend UpdateDate Regular Plan Direct Plan

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


Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.86% risk free rate of return (1 days - MIBOR Rate As on July 31, 2020). ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (As on July 31, 2020). # Weighted Average TER for the month, includes GST on management fees.

Performance (As on 31/07/2020)Period Principal Emerging

Bluechip FundNIFTY Large Midcap

250 Index - TRI(Scheme’s Benchmark)

Nifty 50 - TRI(Additional Benchmark)

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (31-07-2019 to 31-07-2020) 6.51 10,652.56 1.93 10,193.80 0.68 10,068.16 3 Years (31-07-2017 to 31-07-2020) 0.65 10,197.59 1.44 10,439.18 4.46 11,399.83 5 Years (31-07-2015 to 31-07-2020) 7.26 14,198.97 6.66 13,810.23 6.66 13,810.53 Since Inception (12-11-2008 to 31-07-2020) 21.93 1,02,190.00 15.65 54,985.31 13.64 44,777.09 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period.Please refer page 33 for annexure of returns for all scheme managed by the fund manager.



Asset Under Managment (` Cr) MAAUM: 1,987.31

AUM: 2,013.59 `

Fund Manager DetailsName: Ravi Gopalakrishnan

Managing Since: October 2019Total Experience: 29 years

Expense Ratio# (As on July 31, 2020)Direct Plan - 1.00 %

Regular Plan - 2.12 %`

Industry Allocation (As on July 31, 2020) (% of NAV) Banks 13.26% Finance 10.97% Consumer Durables 7.86% Pharmaceuticals 7.40% Chemicals 7.03% Petroleum Products 6.94% Industrial Products 6.27% Software 6.02% Consumer Non Durables 5.88% Auto Ancillaries 5.68% Cement 3.16% Telecom - Services 2.71% Auto 2.28% Retailing 1.99% Healthcare Services 1.75% Gas 1.70% Ferrous Metals 1.64% Transportation 1.41% Pesticides 1.19% Construction Project 0.98% Textile Products 0.94% Media & Entertainment 0.88% Services 0.78% Construction 0.61%

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

Top 10 Equity Holdings* Holding less than 0.75%

Name % of NAV

Banks 12.15HDFC Bank Ltd. 5.21ICICI Bank Ltd. 3.33Kotak Mahindra Bank Ltd. 2.12Axis Bank Ltd. 1.49Finance 10.64Bajaj Finance Ltd. 2.11Max Financial Services Ltd. 1.70Bajaj Finserv Ltd. 1.51Housing Development Finance Corporation Ltd. 1.35Mahindra & Mahindra Financial Services Ltd. 1.07SBI Life Insurance Company Ltd. 1.01Muthoot Finance Ltd. 0.99HDFC Asset Management Company Ltd. 0.90Pharmaceuticals 7.40Divi'sLaboratoriesLtd. 2.96Torrent Pharmaceuticals Ltd. 1.77Natco Pharma Ltd. 1.47IPCA Laboratories Ltd. 1.20Consumer Durables 7.20Dixon Technologies (India) Ltd. 3.53Bata India Ltd. 1.40Relaxo Footwears Ltd. 1.15Voltas Ltd. 1.12Chemicals 7.03Navin Fluorine International Ltd. 2.19Atul Ltd. 1.82Fine Organic Industries Ltd. 1.68Rossari Biotech Ltd. 1.34Petroleum Products 6.94Reliance Industries Ltd. 6.19Hindustan Petroleum Corporation Ltd. 0.75Industrial Products 6.27AIA Engineering Ltd. 2.25Astral Poly Technik Ltd. 1.06SKF India Ltd. 1.04Mold-Tek Packaging Ltd. 1.00SRF Ltd. 0.92Software 6.02Infosys Ltd. 3.73Tata Consultancy Services Ltd. 2.29Consumer Non Durables 5.88Jubilant Foodworks Ltd. 2.01

Name % of NAV

Tata Consumer Products Ltd. 1.33Hindustan Unilever Ltd. 1.31Varun Beverages Ltd. 1.23Auto Ancillaries 5.68Balkrishna Industries Ltd. 1.93MRF Ltd. 1.48Exide Industries Ltd. 1.23Sundram Fasteners Ltd. 1.04Cement 3.16Shree Cement Ltd. 1.59Ultratech Cement Ltd. 1.57Telecom - Services 2.71Bharti Airtel Ltd. 2.71Auto 1.80Maruti Suzuki India Ltd. 1.80Healthcare Services 1.75Dr. Lal Path labs Ltd. 1.75Ferrous Metals 1.64Jindal Steel & Power Ltd. 1.64Transportation 1.41TCI Express Ltd. 1.41Retailing 1.37Avenue Supermarts Ltd. 1.37Gas 1.23Gujarat State Petronet Ltd. 1.23Pesticides 1.19PI Industries Ltd. 1.19Construction Project 0.98Larsen & Toubro Ltd. 0.98Textile Products 0.94Page Industries Ltd. 0.94Media & Entertainment 0.88Sun TV Network Ltd. 0.88Services 0.78Indian Railway Catering & Tourism Corporation Ltd. 0.78

Other Equities* 4.28 Total Equity 99.33 Treasury Bills 0.08 91 DAY T-BILL Sovereign 0.08 TREPS / Reverse Repo Investments 0.81 TREPS 0.81 Cash & Cash Equivalents -0.22Net Assets 100.00

Ratios & Other Details (As on July 31, 2020)Standard Deviation^ (Annualised): 22.29%Beta^ : 0.96Sharpe Ratio^ (Annualised) : -0.03 Portfolio Turnover Ratio**: 0.51

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


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

Benchmark: NIFTY Large Midcap 250 Index - TRI

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

Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 300 SIP- ` 100£Existing Investor- ` 300 STP- ` 1,000 RWP- ` 500 £12 installments each

Load StructureEntry Load: NILExit Load:If redeemed/ switched on or before 365 days from the date of allotment:Nil for redemption/ switch out of units upto 24% of the units allotted (the limit)1% on redemption in excess of 24% of the limit stated above- Redemption of units would be done on First in First out Basis (FIFO)Nil thereafter. (w.e.f. March 31, 2020)

11

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

Investment Objective: To achieve long – term capital appreciation.


Name % of NAVBanks 16.74HDFC Bank Ltd. 7.31ICICI Bank Ltd. 3.94Kotak Mahindra Bank Ltd. 2.88

Axis Bank Ltd. 1.34

State Bank of India 1.27

Finance 11.75Housing Development Finance Corporation Ltd. 3.32

Bajaj Finance Ltd. 2.24

SBI Life Insurance Company Ltd. 1.63

Max Financial Services Ltd. 1.44

Can Fin Homes Ltd. 1.24

Muthoot Finance Ltd. 0.99

HDFC Asset Management Company Ltd. 0.89

Software 10.36Infosys Ltd. 5.98Tata Consultancy Services Ltd. 4.38

Petroleum Products 10.28Reliance Industries Ltd. 9.21

Hindustan Petroleum Corporation Ltd. 1.07

Pharmaceuticals 6.04Divi'sLaboratoriesLtd. 2.62

Abbott India Ltd. 1.77

Alkem Laboratories Ltd. 0.83

Syngene International Ltd. 0.82

Consumer Durables 5.14

Dixon Technologies (India) Ltd. 1.76

Orient Electric Ltd. 1.21

Relaxo Footwears Ltd. 1.18

Whirlpool of India Ltd. 0.99

Consumer Non Durables 4.40Hindustan Unilever Ltd. 3.12

ITC Ltd. 1.28

Cement 3.49

Ultratech Cement Ltd. 1.35

JK Cement Ltd. 1.18

Shree Cement Ltd. 0.96

Telecom - Services 3.40Bharti Airtel Ltd. 3.40

Name % of NAVAuto 3.26

Maruti Suzuki India Ltd. 2.16

Mahindra & Mahindra Ltd. 1.10

Chemicals 3.23

Rossari Biotech Ltd. 1.34

Atul Ltd. 1.04

Aarti Industries Ltd. 0.85

Auto Ancillaries 2.97

Balkrishna Industries Ltd. 1.35

MRF Ltd. 0.87

Motherson Sumi Systems Ltd. 0.75

Pesticides 2.21

Bayer Cropscience Ltd. 1.19

PI Industries Ltd. 1.02

Retailing 2.17

Avenue Supermarts Ltd. 1.42

Aditya Birla Fashion and Retail Ltd. 0.75

Fertilisers 2.11

Coromandel International Ltd. 2.11

Industrial Products 2.07

Timken India Ltd. 1.12

Astral Poly Technik Ltd. 0.95

Construction Project 1.99

Larsen & Toubro Ltd. 1.99

Transportation 1.35

TCI Express Ltd. 1.35

Ferrous Metals 1.18

Jindal Steel & Power Ltd. 1.18

Other Equities* 4.57

Total Equity 98.71

DERIVATIVES

National Stock Exchange of India Ltd. 0.17

Treasury Bills 0.08

91 DAY T-BILL Sovereign 0.08

TREPS / Reverse Repo Investments 0.80

TREPS 0.80

Cash & Cash Equivalents 0.41

Net Assets 100.00

Dividend Update

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

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

Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.86% risk free rate of return (1 days - MIBOR Rate As on July 31, 2020). ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (As on July 31, 2020).# Weighted Average TER for the month, includes GST on management fees.





AUM: 641.90


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

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

`

Load StructureEntry Load: NILExit Load:If redeemed/ switched on or be-fore 365 days from the date of allotment:Nil for redemption/ switch out of units upto 24% of the units allotted (the limit)1% on redemption in excess of 24% of the limit stated above- Redemption of units would be done on First in First out Basis (FIFO)Nil thereafter. (w.e.f. March 31, 2020)


Ratios & Other Details (As on July 31, 2020)Standard Deviation^ (Annualised): 21.62%Beta^ : 0.97Sharpe Ratio^ (Annualised) : -0.10 Portfolio Turnover Ratio**: 0.63

Fund Manager DetailsName: Ravi Gopalakrishnan & Siddarth Mohta

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





Banks 16.74% Finance 12.47% Software 10.36% Petroleum Products 10.28% Pharmaceuticals 6.59% Consumer Non Durables 5.75% Consumer Durables 5.14% Cement 3.49% Telecom - Services 3.40% Auto 3.26%

Performance (As on 31/07/2020)Period Principal Multi Cap

Growth FundNifty 500 Index - TRI

(Scheme’s Benchmark)Nifty 50 - TRI

(Additional Benchmark)Returns

(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP

Returns1 Year (31-07-2019 to 31-07-2020) -0.87 9,912.37 0.98 10,098.13 0.68 10,068.16 3 Years (31-07-2017 to 31-07-2020) -0.64 9,809.50 2.08 10,637.02 4.46 11,399.83 5 Years (31-07-2015 to 31-07-2020) 5.85 13,293.82 6.17 13,491.66 6.66 13,810.53 Since Inception (25-10-2000 to 31-07-2020) 13.95 1,32,340.00 14.46 1,44,609.90 13.54 1,23,330.97 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.Please refer page 33 for annexure of returns for all scheme managed by the fund manager.



12

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

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




Dividend Update


17-Dec-19 1.38 27.36 1.51 28.2417-Jun-19 1.90 27.32 2.31 28.4715-Dec-17 2.11 28.09 1.72 28.46Past performance may or may not be sustained in the future. * On face value of ` 10. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.





AUM: 379.89


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

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

`

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


Ratios & Other Details (As on July 31, 2020)Standard Deviation^ (Annualised): 18.63%Beta^ : 0.85Sharpe Ratio^ (Annualised) : 0.07 Portfolio Turnover Ratio** : 0.56






Banks 15.35% Finance 12.38% Consumer Non Durables 10.75% Software 9.77% Petroleum Products 9.24% Chemicals 5.98% Pharmaceuticals 5.36% Consumer Durables 5.21% Industrial Products 4.84% Telecom - Services 3.56%

Performance (As on 31/07/2020)Period Principal Focused

Multicap FundS&P BSE 250 Large

Midcap - TRI(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (31-07-2019 to 31-07-2020) 7.98 10,800.20 1.88 10,188.61 0.68 10,068.16 3 Years (31-07-2017 to 31-07-2020) 3.48 11,082.45 3.26 11,011.73 4.46 11,399.83 5 Years (31-07-2015 to 31-07-2020) 6.43 13,659.60 6.77 13,881.19 6.66 13,810.53 Since Inception (11-11-2005 to 31-07-2020) 13.64 65,730.00 11.96 52,820.45 11.85 52,056.74 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.Please refer page 33 for annexure of returns for all scheme managed by the fund manager.

Top 10 Equity Holdings# Include 0.24% Partly Paid Right shares

Name % of NAV

Banks 15.35HDFC Bank Ltd. 6.97ICICI Bank Ltd. 4.64Kotak Mahindra Bank Ltd. 2.61State Bank of India 1.13Finance 12.38Housing Development Finance Corporation Ltd. 3.34Bajaj Finance Ltd. 2.68SBI Life Insurance Company Ltd. 2.27Bajaj Finserv Ltd. 2.25Max Financial Services Ltd. 1.84Consumer Non Durables 10.75Hindustan Unilever Ltd. 5.06Nestle India Ltd. 2.87Britannia Industries Ltd. 2.82Software 9.77Infosys Ltd. 6.06Tata Consultancy Services Ltd. 3.71Petroleum Products 9.24Reliance Industries Ltd.# 9.24Chemicals 5.98Navin Fluorine International Ltd. 4.29Rossari Biotech Ltd. 1.69Pharmaceuticals 5.36Abbott India Ltd. 3.98Alkem Laboratories Ltd. 1.38Consumer Durables 5.21Whirlpool of India Ltd. 2.15Relaxo Footwears Ltd. 1.71Dixon Technologies (India) Ltd. 1.35Industrial Products 4.84AIA Engineering Ltd. 2.74Astral Poly Technik Ltd. 2.10Telecom - Services 3.56Bharti Airtel Ltd. 3.56Cement 3.19Shree Cement Ltd. 3.19Auto 2.39Maruti Suzuki India Ltd. 2.39Retailing 2.32Avenue Supermarts Ltd. 2.32Auto Ancillaries 1.83MRF Ltd. 1.83Pesticides 0.98PI Industries Ltd. 0.98Total Equity 93.15Treasury Bills 0.08 91 DAY T-BILL Sovereign 0.08 TREPS / Reverse Repo Investments 6.62 TREPS 6.62 Cash & Cash Equivalents 0.15 Net Assets 100.00

13

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

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


Note: #Weighted Average TER for the month, includes GST on management fees. Other ratios are not given as scheme has not completed 3 years.** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (As on July 31, 2020).



Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 500£Existing Investor- ` 1,000 STP- ` 1000§ RWP- ` 500§£12 installments each §6 installments each


AUM: 177.80


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

Benchmark: Nifty Small Cap 100 index

`Load StructureEntry Load: NILExit Load:If redeemed/ switched on or before 365 days from the date of allotment:Nil for redemption/ switch out of units upto 24% of the units allotted (the limit)1% on redemption in excess of 24% of the limit stated above- Redemption of units would be done on First in First out Basis (FIFO)Nil thereafter. (w.e.f. March 31, 2020)

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

Fund Manager DetailsName: Ravi Gopalakrishnan &

Mr. Siddarth MohtaManaging Since: July 2019 & May 2019


Expense Ratio# (As on July 31, 2020)Direct Plan - 0.74 %Regular Plan - 2.47 %

`


Chemicals 15.74% Finance 11.94% Software 8.98% Consumer Durables 8.55% Industrial Products 7.33% Cement 6.70% Pesticides 5.21%

Auto 3.79%

Transportation 3.46% Fertilisers 2.69%


Name % of NAV

Chemicals 15.74Navin Fluorine International Ltd. 3.38Galaxy Surfactants Ltd. 2.66Neogen Chemicals Ltd. 2.65Alkyl Amines Chemicals Ltd. 2.53Fine Organic Industries Ltd. 2.26Rossari Biotech Ltd. 1.47GHCL Ltd. 0.79Finance 10.86Multi Commodity Exchange of India Ltd. 3.10Can Fin Homes Ltd. 2.05SBI Life Insurance Company Ltd. 1.41Bajaj Finance Ltd. 1.39Max Financial Services Ltd. 1.08Muthoot Finance Ltd. 0.95HDFC Asset Management Company Ltd. 0.88Software 8.98Persistent Systems Ltd. 2.74Tata Elxsi Ltd. 1.79NIIT Ltd. 1.36Mastek Ltd. 1.22Info Edge (India) Ltd. 1.04KPIT Technologies Ltd. 0.83Consumer Durables 7.67Dixon Technologies (India) Ltd. 2.79Orient Electric Ltd. 2.01Blue Star Ltd. 1.50VIP Industries Ltd. 1.37Industrial Products 7.33Timken India Ltd. 2.19Finolex Cables Ltd. 1.50Mold-Tek Packaging Ltd. 1.43Cosmo Films Ltd. 1.28Astral Poly Technik Ltd. 0.93Cement 6.70JK Lakshmi Cement Ltd. 2.48JK Cement Ltd. 2.24Birla Corporation Ltd. 1.98Pesticides 5.21Rallis India Ltd. 2.66Bayer Cropscience Ltd. 1.65PI Industries Ltd. 0.90Auto 3.79Hero MotoCorp Ltd. 1.49

Name % of NAV

Escorts Ltd. 1.27Maruti Suzuki India Ltd. 1.03Transportation 3.46TCI Express Ltd. 2.07Transport Corporation of India Ltd. 1.39Fertilisers 2.69Chambal Fertilisers and Chemicals Ltd. 1.67Coromandel International Ltd. 1.02Ferrous Metals 2.66Tata Steel BSL Ltd. 1.52Kirloskar Ferrous Industries Ltd. 1.14Pharmaceuticals 2.55Divi'sLaboratoriesLtd. 1.40Alkem Laboratories Ltd. 1.15Telecom - Services 2.06Bharti Airtel Ltd. 2.06Engineering Services 1.66Rites Ltd. 1.66Construction 1.49Cera Sanitaryware Ltd. 1.49Construction Project 1.43Ircon International Ltd. 1.43Petroleum Products 1.27Reliance Industries Ltd. 1.27Auto Ancillaries 1.17Balkrishna Industries Ltd. 1.17Textiles - Cotton 0.95Vardhman Textiles Ltd. 0.95Textile Products 0.93Siyaram Silk Mills Ltd. 0.93Non - Ferrous Metals 0.87National Aluminium Company Ltd. 0.87Banks 0.78ICICI Bank Ltd. 0.78Consumer Non Durables 0.77Jubilant Foodworks Ltd. 0.77Other Equities* 4.82 Total Equity 95.84 Treasury Bills 0.08 91 DAY T-BILL Sovereign 0.08 TREPS / Reverse Repo Investments 4.02 TREPS 4.02 Cash & Cash Equivalents 0.06 Net Assets 100.00

Top 10 Equity Holdings * Holding less than 0.75%

Performance (As on 31/07/2020)Period Principal Small Cap Fund

- Regular Plan - Growth

Nifty SmallCap 100 Index

(Scheme’s Benchmark)


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

Returns Returns (%)$PTP

Returns1 Year (31-07-2019 to 31-07-2020) 11.84 11,187.70 -8.20 9,177.63 0.68 10,068.16 Since Inception (13-05-2019 to 31-07-2020) 4.49 10,550.00 -13.77 8,347.66 0.83 10,101.20 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growthoption. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded AnnualisedBasis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager. 3, 5 years performance of Principal Small Cap Fund is not given as the scheme have not been in existence for 3, 5 years.

Other Details (As on July 31, 2020)Portfolio Turnover Ratio** : 1.04

15

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

dividend yielding stocks)

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


Dividend Update


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




Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 500£Existing Investor- ` 1,000 STP- ` 1,000 RWP- ` 500 £12 installments each


AUM: 169.10


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

Benchmark: Nifty Dividend Opportunities 50 Index - TRI

`

Load StructureEntry Load: NILExit Load:If redeemed/ switched on or be-fore 365 days from the date of allotment:Nil for redemption/ switch out of units upto 24% of the units allotted (the limit)1% on redemption in excess of 24% of the limit stated above- Redemption of units would be done on First in First out Basis (FIFO) Nil thereafter (w.e.f. March 31, 2020)


Ratios & Other Details (As on July 31, 2020)Standard Deviation^ (Annualised): 18.88%Beta^ : 1.07Sharpe Ratio^ (Annualised) : 0.08 Portfolio Turnover Ratio** : 0.21






Consumer Non Durables 18.45% Software 15.78% Petroleum Products 11.42% Banks 9.49% Chemicals 8.18% Auto 7.22% Gas 4.52% Cement 4.09% Industrial Products 3.69% Telecom - Services 2.94%

Performance (As on 31/07/2020)Period Principal Dividend Yield

FundNifty Dividend

Opportunities 50 - TRI(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (31-07-2019 to 31-07-2020) 7.74 10,776.40 -1.90 9,809.87 0.68 10,068.16 3 Years (31-07-2017 to 31-07-2020) 3.62 11,125.99 2.25 10,691.62 4.46 11,399.83 5 Years (31-07-2015 to 31-07-2020) 7.55 14,398.70 6.08 13,439.51 6.66 13,810.53 Since Inception (15-10-2004 to 31-07-2020) 11.15 53,160.00 NA NA 13.63 75,293.27 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. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.



Name % of NAV

Consumer Non Durables 18.45Hindustan Unilever Ltd. 7.56ITC Ltd. 4.65Colgate Palmolive (India) Ltd. 2.35VST Industries Ltd. 2.07Britannia Industries Ltd. 0.95Bannari Amman Sugars Ltd. 0.87Software 15.78Tata Consultancy Services Ltd. 6.30Infosys Ltd. 6.17Tech Mahindra Ltd. 1.90HCL Technologies Ltd. 1.41Petroleum Products 11.15Reliance Industries Ltd. 7.05Hindustan Petroleum Corporation Ltd. 2.80Castrol India Ltd. 1.30Banks 9.49ICICI Bank Ltd. 3.69HDFC Bank Ltd. 3.29State Bank of India 1.30Kotak Mahindra Bank Ltd. 1.21Chemicals 8.16Navin Fluorine International Ltd. 3.30Aarti Industries Ltd. 2.11Fine Organic Industries Ltd. 1.63Rossari Biotech Ltd. 1.12Auto 7.22Bajaj Auto Ltd. 3.52Maruti Suzuki India Ltd. 1.48Mahindra & Mahindra Ltd. 1.29Ashok Leyland Ltd. 0.93Gas 4.52Gujarat Gas Ltd. 3.08Indraprastha Gas Ltd. 1.44

Name % of NAV

Cement 4.09Ultratech Cement Ltd. 4.09Industrial Products 3.69AIA Engineering Ltd. 2.14SRF Ltd. 1.55Telecom - Services 2.94Bharti Airtel Ltd. 2.94Ferrous Metals 1.95Tata Steel Ltd. 1.95Auto Ancillaries 1.93Balkrishna Industries Ltd. 0.97Exide Industries Ltd. 0.96Non - Ferrous Metals 1.86Hindustan Zinc Ltd. 1.86Power 1.29NTPC Ltd. 1.29Fertilisers 1.27Coromandel International Ltd. 1.27Consumer Durables 1.12Sheela Foam Ltd. 1.12Finance 1.10Bajaj Finserv Ltd. 1.10Construction Project 0.85Larsen & Toubro Ltd. 0.85Other Equities* 1.36 Total Equity 98.22 Treasury Bills 0.08 91 DAY T-BILL Sovereign 0.08 TREPS / Reverse Repo Investments 1.67 TREPS 1.67 Cash & Cash Equivalents 0.03 Net Assets 100.00

16

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

lock in of 3 years and tax benefit)

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


Name % of NAVBanks 17.96HDFC Bank Ltd. 7.09ICICI Bank Ltd. 4.27Kotak Mahindra Bank Ltd. 2.90

State Bank of India 2.34

Axis Bank Ltd. 1.36

Software 11.05Infosys Ltd. 5.20Tata Consultancy Services Ltd. 3.73

MindTree Ltd. 1.09

Tech Mahindra Ltd. 1.03

Petroleum Products 9.56Reliance Industries Ltd.# 8.52

Hindustan Petroleum Corporation Ltd. 1.04

Consumer Non Durables 8.40ITC Ltd. 2.43

United Spirits Ltd. 2.40

Hindustan Unilever Ltd. 1.98

Tata Consumer Products Ltd. 1.59

Finance 8.06Housing Development Finance Corporation Ltd. 2.66

Bajaj Finserv Ltd. 1.88

Max Financial Services Ltd. 1.68

Bajaj Finance Ltd. 0.96

HDFC Asset Management Company Ltd. 0.88

Pharmaceuticals 4.99

Divi'sLaboratoriesLtd. 2.36

Sun Pharmaceutical Industries Ltd. 1.41

Abbott India Ltd. 1.22

Auto 3.43

Maruti Suzuki India Ltd. 1.99

Mahindra & Mahindra Ltd. 1.44

Name % of NAVConstruction Project 3.38Larsen & Toubro Ltd. 3.38

Telecom - Services 2.69Bharti Airtel Ltd. 2.69

Consumer Durables 2.14

Whirlpool of India Ltd. 1.15

Titan Company Ltd. 0.99

Power 1.66

NTPC Ltd. 1.66

Chemicals 1.43

Rossari Biotech Ltd. 1.43

Textile Products 1.25

Page Industries Ltd. 1.25

Construction 1.19

Kajaria Ceramics Ltd. 1.19

Pesticides 1.17

Bayer Cropscience Ltd. 1.17

Cement 0.95

Ultratech Cement Ltd. 0.95

Gas 0.95

GAIL (India) Ltd. 0.95

Ferrous Metals 0.81

Tata Steel BSL Ltd. 0.81

Auto Ancillaries 0.77

Exide Industries Ltd. 0.77

Other Equities* 11.36

Total Equity 93.20

Treasury Bills 0.08

91 DAY T-BILL Sovereign 0.08

TREPS / Reverse Repo Investments 5.21

TREPS 5.21

Cash & Cash Equivalents 1.51

Net Assets 100.00

Dividend Update


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

Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.86% risk free rate of return (1 days - MIBOR Rate As on July 31, 2020). ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (As on J

New Equity Savings Fund · 2020. 8. 20. · Mutual Fund Investments are subject to market risk,...

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Transcript of New Equity Savings Fund · 2020. 8. 20. · Mutual Fund Investments are subject to market risk,...