Equity Savings Fund...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

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

Principal Large Cap Fund (An open ended equity scheme predominantly investing in large cap stocks)This Product Is Suitable For Investors Who Are Seeking~-• Long term Capital Growth• Investment predominantly in equity and equity-related securities of large cap companies.

Investors understand that their principal will be at moderately high risk

Website

Invest in

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

EquitySavings Fund

FUNDS INSIGHTOctober, 2020

Mutual Fund

14

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

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

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 September 30, 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: 263.17

AUM: 266.32

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: 26 years & 14 years

Expense Ratio# (As on September 30, 2020)Direct Plan - 0.39 %Regular Plan - 2.42 %

`

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

Finance 9.03% Pharmaceuticals 8.90% Consumer Durables 7.61% Consumer Non Durables 7.42% Banks 6.79% Industrial Products 6.68% Auto Ancillaries 6.57%

Chemicals 5.23%

Auto 4.72% Pesticides 4.66%

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

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

Name % of NAV% to Net

Assets Derivatives

Pharmaceuticals 8.90IPCA Laboratories Ltd. 2.94Abbott India Ltd. 1.80Natco Pharma Ltd. 1.23Syngene International Ltd. 1.05Alkem Laboratories Ltd. 0.98Divi'sLaboratoriesLtd. 0.90Finance 7.52Max Financial Services Ltd. 2.74Mahindra & Mahindra Financial Services Ltd. 1.83

Can Fin Homes Ltd. 1.80Muthoot Finance Ltd. 1.15Consumer Durables 6.94Whirlpool of India Ltd. 2.06Voltas Ltd. 1.66Relaxo Footwears Ltd. 1.13Amber Enterprises India Ltd. 1.11Bata India Ltd. 0.98Auto Ancillaries 6.57MRF Ltd. 2.42Balkrishna Industries Ltd. 1.81Exide Industries Ltd. 1.28CEAT Ltd. 1.06Industrial Products 6.31AIA Engineering Ltd. 2.49Astral Poly Technik Ltd. 1.60SKF India Ltd. 1.25SRF Ltd. 0.97Banks 6.25The Federal Bank Ltd. 1.83City Union Bank Ltd. 1.76HDFC Bank Ltd. 0.93Kotak Mahindra Bank Ltd. 0.87ICICI Bank Ltd. 0.86Consumer Non Durables 6.22Jubilant Foodworks Ltd. 2.67Tata Consumer Products Ltd. 2.66Nestle India Ltd. 0.89Pesticides 4.66PI Industries Ltd. 2.39Bayer Cropscience Ltd. 2.27Chemicals 4.58Atul Ltd. 2.32Rossari Biotech Ltd. 1.47Aarti Industries Ltd. 0.79


Assets Derivatives

Cement 4.20ACC Ltd. 1.83The Ramco Cements Ltd. 1.56JK Cement Ltd. 0.81Auto 4.01Ashok Leyland Ltd. 1.81TVS Motor Company Ltd. 1.32Escorts Ltd. 0.88Software 3.73MindTree Ltd. 2.46Mphasis Ltd. 1.27Power 3.05Torrent Power Ltd. 3.05Textile Products 2.43Page Industries Ltd. 2.43Gas 2.24Gujarat Gas Ltd. 1.24Gujarat State Petronet Ltd. 1.00Petroleum Products 2.04Reliance Industries Ltd.# 1.04Bharat Petroleum Corporation Ltd. 1.00Construction 2.02Kajaria Ceramics Ltd. 2.02Industrial Capital Goods 1.90Honeywell Automation India Ltd. 1.90Ferrous Metals 1.68Tata Steel BSL Ltd. 1.68Telecom - Services 1.40Bharti Airtel Ltd. 1.40Retailing 1.23Trent Ltd. 1.23Construction Project 1.14Larsen & Toubro Ltd. 1.14Other Equities* 8.41 Total Equity 97.43 DERIVATIVESFutures - National Stock Exchange of India Ltd. -3.74

Treasury Bills 0.06 182 DAY T-BILL Sovereign 0.06 TREPS / Reverse Repo Investments 1.83 TREPS 1.83 Cash & Cash Equivalents 0.68 Net Assets 100.00

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

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

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

Solution Oriented Funds

Principal Retirement Savings Fund (Progressive Plan) 27

Principal Retirement Savings Fund (Moderate Plan) 28

Principal Retirement Savings Fund (Conservative Plan) 29

Fund of Funds

Principal Global Opportunities Fund 30

Other Details

Annexure for returns of all the Schemes 31

2

EQUITY & DEBT

MARKET OUTLOOK

Equity Markets Round Up: September 2020The equity market rally that began in March finally took a breather with most markets correcting during the month. Of the 40 global equity markets tracked by Principal Global Investors, only 6 were up in September. The MSCI ACWI (USD) index was down by 3.4% during the month. The MSCI India (USD) index was up 0.6%, and India was among the better performing markets in the EM space. The MSCI EM (USD) index was down 1.8% during the month. For Q3, CY 2020, India was the one of best performing Emerging market, with MSCI India (USD) up nearly 15%. This was partly supported by the Rupee, which was up 2.3% during the quarter. After the strong inflows in Indian equity in August (led primarily by activity in the primary markets), FPIs were sellers during September, selling just over USD 1 BN of equity during the month. EMs as a category saw inflows of USD 940 MN of inflows during the month (source: JPMorgan data). Year to date, EM equity has seen outflows of USD 46.4 BN while India has had net inflows from FPIs of Rs. 20,350 crores. A rise in new COVID cases, the running down (or significant moderation) of fiscal stimulus in most developed countries and disagreement in the US about the size of a fresh stimulus package were the factors that likely pulled down global markets. The concerns on slowdown had some impact on commodity prices, with crude (Brent) down 9% during the month. The London Metals Index of six major industrial metals was down 1.6% during the month.Within India, the economy continued to be on the recovery path, and physical data continued to show improvement. Power generation in September was up 4.9% YoY (this number was negative for the past four months), rail freight loading was up 15% YoY and wholesale number for auto sales were good. While there was divergence across companies, 2-W sales across companies were up between 10-20%. Passenger vehicles sales were also strong. LCV sales were up, and MHCV sales also showed improvement, though they were still negative YoY. The strong auto sales also would be on account of inventory buildup ahead of the festive season. Separately, preliminary data showed that exports for the month of September were up 5.3% YoY (for the first time in six months) while contraction of imports reduced to 19.6% YoY (vs 26% YoY in August). Bank credit growth however, remained muted in August at 6% YoY vs a growth of 6.7% YoY in the month of July. GST collections showed substantial improvement during the month, and were up 4% YoY. During the month, the small cap indices outperformed the mid cap and the large cap indices, likely as a result of some investors investing into them as they expected incremental flows into the category as a result of the SEBI circular regarding proposed change in the asset allocation of multi cap funds. Among sectors, pharmaceuticals, consumer durables and IT continued to do well, while financials, energy and metals sector were laggards. Part of the performance of IT and pharmaceuticals could be explained by a strong USD (the Dollar index was up nearly 2% during the month). Consumer durables index was supported by the continued strong demand and the government’s steps to support manufacturing in India by giving incentives to specific industries. The rural economy is in relatively better shape as a result of two consecutive strong crops (Rabi in FY 20 and the Kharif this year). There are expectations that the forthcoming Rabi season may also be a good one also on account of good moisture as the rainfall was good in most parts of the country. Rural demand has been a contributory factor to supporting demand for consumer staples and two-wheelers and we expect that to continue in the near term.OutlookIncremental data from the reopening of the economy continues to be positive as listed above. Further, companies have tweaked their business models to cut costs and generally, the organised sector has gained from COVID related disruptions as the unorganised sector has had challenges both from the financing side and in adjusting to the new protocols and the costs associated with them. Consumer demand should continue to see improvement especially. for staples, white goods, two-wheelers and low end passenger vehicles. We think the markets would gradually continue to grind upwards though volatility will remain.The near-term risks to the markets are negative surprise on the consumer demand side during the festival season, news flow from the US elections if the results are delayed due to the large number of mail in votes, localised lockdowns by certain states and event related news on the border issue with China.

Data Item Growth

1 Month 1 yearMSCI EM Index (USD) -1.77 8.09MSCI EM Index Local -1.82 9.97MSCI World Index (USD) -3.59 8.59Nifty 100 Equal Weight Index -1.73 -1.57Indian Rupee -0.20 -4.08Dollar Index (DXY) 1.89 -5.53Crude Oil- Brent -9.56 -32.63CRB Index 2.84 4.74Gold -4.17 28.07Copper 0.07 16.54Iron Ore -5.02 27.99Cotton (Cotlook A Index) -0.42 -0.28JP Morgan EM FX Index -1.68 -9.57Data as on 30th September 2020. Source: Bloomberg, NSDL and Sebi websites

Indicators August-20 September-20FII net flows (Rs. Crs) 47,079 -7,783Mutual Fund net flows (Rs. Crs) -8,359 -4,244Exports (USD Billion) 23.64 22.70Imports (USD Billion) 28.47 29.47CPI 6.93 6.69IIP -16.60 -10.40Data as on 30th September 2020. Souce: Bloomberg, NSDL and Sebiwebsites

3

Fixed Income Market Update: September 2020• Themonthwascharacterizedby rangeboundmovement inyieldsacrossmoneymarkets.Gilt andcorporatebond

yields saw downward movement. Short Term money market yields remained benign on back of ample banking system liquidity and low supply. 10 yr corporate bond and gilt yields fell as RBI devolved 10 yr gilt auctions sending a signal of their discomfort with higher yields. RBI also conducted Operation Twist during the month which helped to cool down yields as well. Stable global bond yields and oil prices also helped to support prices while CPI inflation and fiscal deficit slippage remains a concern.

• India'sfiscaldeficitfortheperiodApriltoAugust2020hascomeinataround8.79lakhcrore,whichis109percentofthe Budget estimates.

• Thetenyrgiltbenchmarkfellduringthemonthtoendat6.01%,10bpslowerthanpreviousmonth.

• Corporatebondsyieldsalsofellduringthemonth.The5yrAAAbenchmarkandthe10yrAAAbenchmarkendedthemonth at 6.00% and 6.79% respectively compared to 6.00% and 6.91% in the previous month.

• 1yearCDratesclosedat3.94%comparedto3.84%inthepreviousmonth.3monthCDratesremainedbenigntocloseat 3.39%, 5 bps higher than previous month.

• BrentCrudeOilpricesfellduringthemonthonsignsofrenewedlockdownmeasuresacrosstheworldascoronaviruscases surged in some parts of the world including India. It ended the month at USD 40.95 per barrel from USD 44.39 per barrel in previous month. INR mildly depreciated to 73.77 during the month from 73.62 in previous month. For the month of September, FPIs were net buyers in the debt market to the tune of Rs 3345 cr. 10 yr US treasury yields fell marginally to 0.68% as compared to 0.70% at end of August.

• CPI inflationforAugustwasat6.69%comparedto6.73%(revised) inpreviousmonthreflectingcontinuedelevatedprices in categories like food, fuel and others.

• July Industrial production (IIP) growth came at -10.4% compared to -16.6% for previous month reflecting someresumption of economic activity as lockdown measures started easing.

• BankingSystemLiquidityremainsample.ForthemonthofSeptemberthemonthlyaveragesurpluswasRs3.3331lakhcr.

• Towardstheendofthemonth,RBIannouncedtheborrowingcalendarfordatedgiltsforsecondhalfofFY2021andthe quarterly borrowing calendars for T bills and SDLs. At Rs 4.34 lakh crore, it implies no change in the total gross borrowing figure of Rs 12 lakh cr for dated gilts. For Tbill gross issuance is pegged at 2.08 lakh crore and for SDLs it is Rs 2.02 lakh cr as compared to Rs 4.55 lakh cr and Rs 1.98 lakh cr respectively in 2QFY21

Outlook:

• WeexpectBankingSystem liquidity to remain comfortable in the rangeofRs3 to4 lakh crores for themonthofOctober. Short term CD and CP rates and overnight rates should remain stable and low given the ample banking system liquidity and RBI measures.

• Weexpectgiltandcorporatebondyieldstoremainsupportedconsideringthatthegovernmenthasfornowstucktothe 12 lakh cr borrowing target. RBI may announce open market operations which can support gilt prices as well.

• The credit environment will remain fragile on uncertainty of revenues and cashflows due to the unprecedentednationwide lockdown.

Index 1 Month(%)3 Months

(%)6 Months

(%)1 Year

(%)

Broad Indices

Nifty 50 11248 -1.23 9.18 30.82 -2.00

S&P BSE Sensex 38068 -1.45 9.03 29.18 -1.55

S&P BSE 100 11392 -0.78 9.42 31.41 -1.63

S&P BSE 200 4782 -0.50 9.76 32.46 -0.26

S&P BSE 500 14851 -0.26 10.51 33.81 0.28

S&P BSE MID CAP 14705 0.30 12.64 39.12 4.26

S&P BSE SMALL CAP 14867 3.71 20.08 54.72 12.88

Performance As on September 30, 2020*

Index 1 Month(%)3 Months

(%)6 Months

(%)1 Year

(%)

Sectoral Indices

S&P BSE AUTO 17876 1.08 17.03 66.35 6.65

S&P BSE Bankex 24355 -9.71 0.25 10.45 -25.95

S&P BSE CD 24278 6.68 19.37 25.38 -6.16

S&P BSE CG 13834 0.67 7.58 26.00 -26.00

S&P BSE FMCG 11051 -2.62 -1.84 7.77 -6.08

S&P BSE HC 19799 7.68 21.74 62.98 58.48

S&P BSE METAL 8304 -5.99 15.18 45.35 -8.60

S&P BSE Oil & Gas 12242 -6.43 -3.36 22.17 -16.39

S&P BSE PSU 4539 -11.75 -7.02 1.78 -31.83

S&P BSE Teck 9213 5.86 21.72 43.88 20.37

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

4

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Product Suitability

6

Equity Funds

Principal Emerging Bluechip Fund (`) Principal Multi Cap Growth Fund (`) Principal Tax Savings Fund (`)Regular Plan - Growth 108.62 Regular Plan - Growth 136.55 Regular Plan - Growth 199.46Regular Plan - Half Yearly Dividend Option 41.94 Regular Plan - Half Yearly Dividend Option 33.76 Regular Plan - Half Yearly Dividend Option 199.46Direct Plan - Growth 116.98 Direct Plan - Growth 144.72 Direct Plan - Growth 207.65Direct Plan - Half Yearly Dividend Option 89.07 Direct Plan - Half Yearly Dividend Option 43.34 Direct Plan - Half Yearly Dividend Option 207.65

Principal Nifty 100 Equal Weight Fund (`) Principal Focused Multicap Fund (`) Principal Dividend Yield Fund (`)Regular Plan - Growth 66.6839 Regular Plan - Growth 67.35 Regular Plan - Growth 54.35Regular Plan - Dividend 39.1914 Regular Plan - Half Yearly Dividend Option 25.34 Regular Plan - Half Yearly Dividend Option 22.88Direct Plan - Growth 68.8416 Direct Plan - Growth 71.04 Direct Plan - Growth 56.61Direct Plan - Dividend 40.4572 Direct Plan - Half Yearly Dividend Option 26.24 Direct Plan - Half Yearly Dividend Option 31.39

Principal Small Cap Fund (`) Principal Midcap Fund (`) Principal Personal Tax Saver Fund (`)Regular Plan - Growth 11.9100 Regular Plan - Growth 10.2800 Regular Plan - Growth 185.74Regular Plan - Dividend 11.9100 Regular Plan - Dividend 10.2800 Direct Plan - Growth 193.56Direct Plan - Growth 12.2100 Direct Plan - Growth 10.4400Direct Plan - Dividend 12.2100 Direct Plan - Dividend 10.4400

Hybrid Funds

Principal Hybrid Equity Fund (`) Principal Balanced Advantage Fund (`) Principal Equity Savings Fund (`)Regular Plan - Growth 75.89 Regular Plan - Growth 21.55 Regular Plan - Growth 38.3980Regular Plan - Monthly Dividend Option 21.29 Regular Plan - Monthly Dividend Option 13.16 Regular Plan - Quaterly Dividend Option 12.7619Direct Plan - Growth 82.16 Direct Plan - Growth 23.51 Regular Plan - Half Yearly Dividend Option 12.3938Direct Plan - Monthly Dividend Option 29.86 Direct Plan - Monthly Dividend Option 14.96 Direct Plan - Growth 41.2743

Direct Plan - Quaterly Dividend Option 16.1861Direct Plan - Half Yearly Dividend Option 12.3101

Principal Arbitrage Fund (`)Regular Plan - Growth 11.4603Regular Plan - Monthly Dividend Option 10.0762Direct Plan - Growth 11.7542Direct Plan - Monthly Dividend Option 10.1648

Fixed Income Funds

Principal Cash Management Fund (`) Principal Low Duration Fund (`) Principal Short Term Debt Fund (`)Regular Plan - Growth 1779.7395 Regular Plan - Growth 2681.0895 Regular Plan - Growth 33.6972Regular Plan - Daily Dividend Option 1000.8893 Regular Plan - Daily Dividend Option 915.3758 Regular Plan - Monthly Dividend Option 12.8227Regular Plan - Weekly Dividend Option 1007.0424 Regular Plan - Weekly Dividend Option 915.5270 Direct Plan - Growth 35.5558Regular Plan - Monthly Dividend Option 1023.9872 Regular Plan - Monthly Dividend Option 1038.3154 Direct Plan - Monthly Dividend Option 12.8661Direct Plan - Growth 1789.6758 Direct Plan - Growth 2789.7475Direct Plan - Daily Dividend Option 1000.6367 Direct Plan - Daily Dividend Option 919.5611Direct Plan - Weekly Dividend Option 1007.5060 Direct Plan - Weekly Dividend Option 918.1819Direct Plan - Monthly Dividend Option 1024.0259 Direct Plan - Monthly Dividend Option 1043.2405

Principal Ultra Short Term Fund (`)Regular Plan - Growth 2146.5436Regular Plan - Daily Dividend Option 1005.4300Regular Plan - Weekly Dividend Option 1019.7220Regular Plan - Monthly Dividend Option 1060.0190Direct Plan - Growth 2220.3990Direct Plan - Monthly Dividend Option 1060.3605

Solution Oriented Funds

Principal Retirement Savings Fund (CP) (`) Principal Retirement Savings Fund (PP) (`) Principal Retirement Savings Fund (MP) (`)Regular Sub Plan - Growth 12.5584 Regular Sub Plan - Growth 13.1593 Regular Sub Plan - Growth 12.9142Direct Sub Plan - Growth 12.8361 Direct Sub Plan - Growth 13.6086 Regular Sub Plan - Dividend 12.9142

Direct Sub Plan - Growth 13.3169

Fund of Funds

Principal Global Opportunities Fund (`)Regular Plan - Growth 31.7829Regular Plan - Dividend 31.7829Direct Plan - Growth 32.8061Direct Plan - Dividend 32.8061

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

7

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

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8

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 11.39 1,27,231 13.16 1,28,339 10.15 1,26,458 3 Years SIP 3,60,000 -0.30 3,58,327 2.86 3,76,086 3.74 3,81,118 5 Years SIP 6,00,000 4.26 6,68,353 6.16 7,01,056 7.00 7,15,991 7 Years SIP 8,40,000 7.11 10,81,675 7.75 11,06,519 7.78 11,07,745 10 Years SIP 12,00,000 10.39 20,56,794 9.42 19,53,525 9.12 19,23,106

Since Inception SIP 28,70,000 15.22 2,44,48,525 Not AvailableInception Date - March 31, 1996

Systematic Investment Plan (SIP) Returns (As on September 30, 2020)SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN

SCHEMES MANAGED BY MR. SUDHIR KEDIA

Principal Emerging Bluechip Fund - Growth

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

Additional Benchmark (Nifty 50 - TRI)

Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 17.48 1,31,010 17.63 1,31,101 10.15 1,26,458 3 Years SIP 3,60,000 3.79 3,81,443 3.54 3,79,980 3.74 3,81,118 5 Years SIP 6,00,000 7.13 7,18,314 6.74 7,11,351 7.00 7,15,991 7 Years SIP 8,40,000 11.08 12,46,470 9.03 11,58,481 7.78 11,07,745 10 Years SIP 12,00,000 14.76 25,97,544 11.04 21,28,657 9.12 19,23,106 Since Inception SIP 14,20,000 15.79 38,45,187 11.75 29,55,535 9.75 25,99,450 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 13.57 1,28,590 6.32 1,24,044 10.15 1,26,458 3 Years SIP 3,60,000 3.32 3,78,718 -1.00 3,54,494 3.74 3,81,118 5 Years SIP 6,00,000 7.35 7,22,277 3.90 6,62,266 7.00 7,15,991 7 Years SIP 8,40,000 8.85 11,50,788 5.45 10,19,622 7.78 11,07,745 10 Years SIP 12,00,000 9.91 20,05,164 7.01 17,21,033 9.12 19,23,106 Since Inception SIP 19,10,000 10.11 45,43,016 NA NA 10.35 46,45,631 Inception 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 9.92 1,26,315 12.93 1,28,194 10.15 1,26,458 3 Years SIP 3,60,000 5.12 3,89,118 3.60 3,80,347 3.74 3,81,118 5 Years SIP 6,00,000 7.16 7,18,860 6.86 7,13,425 7.00 7,15,991 7 Years SIP 8,40,000 8.32 11,29,470 8.27 11,27,164 7.78 11,07,745 10 Years SIP 12,00,000 9.88 20,02,419 9.85 19,99,283 9.12 19,23,106 Since Inception SIP 17,80,000 10.83 42,14,597 10.25 40,17,091 9.64 38,16,929 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 10.11 1,26,435 13.16 1,28,339 10.15 1,26,458 3 Years SIP 3,60,000 -0.28 3,58,472 2.86 3,76,086 3.74 3,81,118 5 Years SIP 6,00,000 4.44 6,71,358 6.16 7,01,056 7.00 7,15,991 7 Years SIP 8,40,000 7.29 10,88,802 7.75 11,06,519 7.78 11,07,745 10 Years SIP 12,00,000 10.48 20,66,615 9.42 19,53,525 9.12 19,23,106 Since Inception SIP 23,90,000 13.14 1,04,57,965 13.85 1,14,00,162 13.10 1,04,07,485 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 11.23 1,27,134 13.16 1,28,339 10.15 1,26,458 3 Years SIP 3,60,000 -0.58 3,56,800 2.86 3,76,086 3.74 3,81,118 5 Years SIP 6,00,000 2.14 6,33,440 6.16 7,01,056 7.00 7,15,991 7 Years SIP 8,40,000 4.26 9,77,122 7.75 11,06,519 7.78 11,07,745 10 Years SIP 12,00,000 6.83 17,05,041 9.42 19,53,525 9.12 19,23,106 Since Inception SIP 29,30,000 15.54 2,76,34,320 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 6.50 1,24,160 9.79 1,26,234 10.15 1,26,458 3 Years SIP 3,60,000 -1.90 3,49,583 -0.60 3,56,709 3.74 3,81,118 5 Years SIP 6,00,000 1.45 6,22,508 2.74 6,43,166 7.00 7,15,991 7 Years SIP 8,40,000 3.03 9,35,313 5.18 10,09,888 7.78 11,07,745 10 Years SIP 12,00,000 5.26 15,70,865 7.77 17,90,707 9.12 19,23,106 Since Inception SIP 25,40,000 9.62 78,61,256 NA NA 12.91 1,19,90,037 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 September 30, 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 10.43 1,26,630 9.33 1,25,942 10.15 1,26,458 3 Years SIP 3,60,000 4.08 3,83,091 6.20 3,95,456 3.74 3,81,118 5 Years SIP 6,00,000 4.78 6,77,100 7.55 7,25,891 7.00 7,15,991 7 Years SIP 8,40,000 5.83 10,33,417 8.15 11,22,357 7.78 11,07,745 Since Inception SIP 11,70,000 7.81 17,31,718 9.07 18,46,862 9.21 18,60,658

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 9.92 1,26,311 13.08 1,28,285 10.15 1,26,458 3 Years SIP 3,60,000 1.43 3,67,988 6.95 3,99,918 3.74 3,81,118 5 Years SIP 6,00,000 5.67 6,92,429 8.37 7,40,826 7.00 7,15,991 7 Years SIP 8,40,000 7.81 11,09,123 9.15 11,63,208 7.78 11,07,745 10 Years SIP 12,00,000 9.87 20,00,643 9.97 20,11,904 9.12 19,23,106 Since Inception SIP 24,80,000 12.05 99,40,655 9.57 73,24,663 12.96 1,11,37,974 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 11.33 1,27,198 8.50 1,25,423 6.30 1,24,032 3 Years SIP 3,60,000 5.25 3,89,895 6.54 3,97,449 9.30 4,14,071 5 Years SIP 6,00,000 5.69 6,92,849 7.34 7,22,033 7.84 7,31,038 7 Years SIP 8,40,000 6.06 10,42,001 7.65 11,02,742 8.10 11,20,433 10 Years SIP 12,00,000 6.24 16,53,157 8.30 18,41,475 7.77 17,90,725 Since Inception SIP 22,00,000 6.83 42,96,413 NA NA 6.88 43,16,140 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 12.59 1,27,974 9.38 1,25,966 6.49 1,24,148 3 Years SIP 3,60,000 5.17 3,89,434 9.39 4,14,559 9.31 4,14,081 5 Years SIP 6,00,000 5.14 6,83,206 8.60 7,45,126 7.84 7,31,048 7 Years SIP 8,40,000 5.79 10,31,859 8.59 11,40,071 8.10 11,20,452 10 Years SIP 12,00,000 6.56 16,80,807 8.65 18,75,601 7.77 17,90,745

Since Inception SIP 20,80,000 7.22 40,54,930 8.11 44,23,428 6.94 39,45,509 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 3.79% risk free rate of return (1 days - MIBOR Rate As on September 30, 2020). ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (As on September 30, 2020). # Weighted Average TER for the month, includes GST on management fees.

Performance (As on 30/09/2020)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 (30-09-2019 to 30-09-2020) 6.26 10628.18 4.78 10478.85 -0.97 9903.083 Years (29-09-2017 to 30-09-2020) 2.35 10723.66 3.78 11179.86 6.02 11920.865 Years (30-09-2015 to 30-09-2020) 10.07 16161.29 9.18 15521.73 8.53 15063.68Since Inception (12-11-2008 to 30-09-2020) 22.21 108620.00 15.99 58318.21 13.60 45553.78Different 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: 2,116.15

AUM: 2,118.51 `

Fund Manager DetailsName: Ravi Gopalakrishnan

Managing Since: October 2019Total Experience: 26 years

Expense Ratio# (As on September 30, 2020)Direct Plan - 1.00 %

Regular Plan - 2.11 %`

Industry Allocation (As on September 30, 2020) (% of NAV) Banks 11.83% Finance 9.63% Pharmaceuticals 8.06% Software 8.04% Chemicals 7.46% Consumer Durables 7.19% Industrial Products 6.78% Petroleum Products 6.70% Consumer Non Durables 5.90% Auto Ancillaries 5.86% Cement 2.88% Auto 2.24% Retailing 2.02% Healthcare Services 1.66% Transportation 1.49% Pesticides 1.27% Gas 1.26% Textile Products 1.04% Media & Entertainment 1.00% Telecom - Services 0.93% Construction Project 0.92% Construction 0.79%

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%


Assets Derivatives

Banks 10.72HDFC Bank Ltd. 4.92ICICI Bank Ltd. 2.99Kotak Mahindra Bank Ltd. 1.65Axis Bank Ltd. 1.16Finance 9.59Bajaj Finance Ltd. 2.02Max Financial Services Ltd. 1.77Mahindra & Mahindra Financial Services Ltd. 1.50

Bajaj Finserv Ltd. 1.35Housing Development Finance Corporation Ltd. 1.26

SBI Life Insurance Company Ltd. 0.85Muthoot Finance Ltd. 0.84Pharmaceuticals 8.06Divi'sLaboratoriesLtd. 3.09Torrent Pharmaceuticals Ltd. 1.77Natco Pharma Ltd. 1.69IPCA Laboratories Ltd. 1.51Software 8.04Infosys Ltd. 3.70Tata Consultancy Services Ltd. 2.37HCL Technologies Ltd. 1.06Mphasis Ltd. 0.91Chemicals 7.43Navin Fluorine International Ltd. 2.35Atul Ltd. 1.89Fine Organic Industries Ltd. 1.77Rossari Biotech Ltd. 1.42Industrial Products 6.78AIA Engineering Ltd. 2.39Astral Poly Technik Ltd. 1.27Mold-Tek Packaging Ltd. 1.18SKF India Ltd. 0.99SRF Ltd. 0.95Consumer Durables 6.68Dixon Technologies (India) Ltd. 3.12Voltas Ltd. 1.31Relaxo Footwears Ltd. 1.22Bata India Ltd. 1.03Petroleum Products 6.10Reliance Industries Ltd. 6.10Consumer Non Durables 5.90Jubilant Foodworks Ltd. 2.39


Assets Derivatives

Tata Consumer Products Ltd. 1.29Varun Beverages Ltd. 1.25Hindustan Unilever Ltd. 0.97Auto Ancillaries 4.66Balkrishna Industries Ltd. 2.05MRF Ltd. 1.37Exide Industries Ltd. 1.24Cement 2.88Ultratech Cement Ltd. 1.47Shree Cement Ltd. 1.41Auto 1.70Maruti Suzuki India Ltd. 1.70Healthcare Services 1.66Dr. Lal Path labs Ltd. 1.66Transportation 1.49TCI Express Ltd. 1.49Retailing 1.39Avenue Supermarts Ltd. 1.39Pesticides 1.27PI Industries Ltd. 1.27Gas 1.26Gujarat State Petronet Ltd. 1.26Textile Products 1.04Page Industries Ltd. 1.04Media & Entertainment 1.00Sun TV Network Ltd. 1.00Telecom - Services 0.93Bharti Airtel Ltd. 0.93Construction Project 0.92Larsen & Toubro Ltd. 0.92Construction 0.79Kajaria Ceramics Ltd. 0.79Other Equities* 4.66 Total Equity 94.95 DERIVATIVESFutures - National Stock Exchange of India Ltd. -1.33

Treasury Bills 0.06 182 DAY T-BILL Sovereign 0.06 TREPS / Reverse Repo Investments 5.72 TREPS 5.72 Cash & Cash Equivalents -0.73Net Assets 100.00

Ratios & Other Details (As on September 30, 2020)Standard Deviation^ (Annualised): 22.45%Beta^ : 0.96Sharpe Ratio^ (Annualised) : 0.05 Portfolio Turnover Ratio**: 0.47

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 NAV

% to Net Assets

Derivatives

Banks 16.17HDFC Bank Ltd. 7.34ICICI Bank Ltd. 3.78Kotak Mahindra Bank Ltd. 2.64

State Bank of India 1.21

Axis Bank Ltd. 1.20

Software 10.90Infosys Ltd. 6.17Tata Consultancy Services Ltd. 4.73

Petroleum Products 10.73Reliance Industries Ltd. 9.84

Hindustan Petroleum Corporation Ltd. 0.89

Finance 10.69Housing Development Finance Corporation Ltd. 3.20

Bajaj Finance Ltd. 2.23

Max Financial Services Ltd. 1.56

SBI Life Insurance Company Ltd. 1.43

Can Fin Homes Ltd. 1.40

Muthoot Finance Ltd. 0.87

Pharmaceuticals 7.00Divi'sLaboratoriesLtd. 3.02

Abbott India Ltd. 1.85

Syngene International Ltd. 1.28

Alkem Laboratories Ltd. 0.85

Consumer Durables 5.16

Dixon Technologies (India) Ltd. 1.86

Orient Electric Ltd. 1.21

Relaxo Footwears Ltd. 1.05

Whirlpool of India Ltd. 1.04

Consumer Non Durables 4.92Hindustan Unilever Ltd. 2.88

ITC Ltd. 1.12

Jubilant Foodworks Ltd. 0.92

Auto Ancillaries 4.31

Balkrishna Industries Ltd. 1.49

CEAT Ltd. 1.08

Motherson Sumi Systems Ltd. 0.90

MRF Ltd. 0.84

Name % of NAV

% to Net Assets

Derivatives

Chemicals 3.46

Rossari Biotech Ltd. 1.48

Atul Ltd. 1.12

Aarti Industries Ltd. 0.86

Cement 3.37

Ultratech Cement Ltd. 1.31

JK Cement Ltd. 1.17

Shree Cement Ltd. 0.89

Auto 3.20

Maruti Suzuki India Ltd. 2.11

Mahindra & Mahindra Ltd. 1.09

Industrial Products 2.91

Timken India Ltd. 1.08

Astral Poly Technik Ltd. 1.07

SRF Ltd. 0.76

Pesticides 2.37

Bayer Cropscience Ltd. 1.24

PI Industries Ltd. 1.13

Construction Project 1.94

Larsen & Toubro Ltd. 1.94

Retailing 1.50

Avenue Supermarts Ltd. 1.50

Telecom - Services 1.42

Bharti Airtel Ltd. 1.42

Transportation 1.38

TCI Express Ltd. 1.38

Fertilisers 1.34

Coromandel International Ltd. 1.34

Other Equities* 2.14

Total Equity 94.91

DERIVATIVESFutures - National Stock Exchange of India Ltd. -1.69

Treasury Bills 0.06

182 DAY T-BILL Sovereign 0.06

TREPS / Reverse Repo Investments 5.06

TREPS 5.06

Cash & Cash Equivalents -0.03

Net Assets 100.00

Dividend Update

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

15-Dec-17 4.96 41.29 1.71 47.1816-Jun-17 10.83 47.29 8.93 50.4523-Dec-16 2.71 39.06 3.08 41.73Past performance may or may not be sustained in the future. * On face value of ` 10. Note: All Dividend (`/Unit) 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 3.79% risk free rate of return (1 days - MIBOR Rate As on September 30, 2020). ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (As on September 30, 2020).# Weighted Average TER for the month, includes GST on management fees.





AUM: 648.79


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 September 30, 2020)Standard Deviation^ (Annualised): 21.65%Beta^ : 0.97Sharpe Ratio^ (Annualised) : -0.03 Portfolio Turnover Ratio**: 0.58

Fund Manager DetailsName: Ravi Gopalakrishnan & Siddarth Mohta

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





Banks 16.17% Finance 11.43% Software 10.90% Petroleum Products 10.73% Pharmaceuticals 7.66% Consumer Durables 5.16% Consumer Non Durables 4.92% Auto Ancillaries 4.31% Chemicals 3.49% Cement 3.37%

Performance (As on 30/09/2020)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 (30-09-2019 to 30-09-2020) 0.45 10045.61 1.02 10101.89 -0.97 9903.083 Years (29-09-2017 to 30-09-2020) 0.71 10216.22 3.97 11241.72 6.02 11920.865 Years (30-09-2015 to 30-09-2020) 8.16 14808.59 8.31 14914.51 8.53 15063.68Since Inception (25-10-2000 to 30-09-2020) 14.00 136550.00 14.53 149746.15 13.52 125470.24Different 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: 398.65


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 September 30, 2020)Standard Deviation^ (Annualised): 18.58%Beta^ : 0.85Sharpe Ratio^ (Annualised) : 0.18 Portfolio Turnover Ratio** : 0.52






Banks 14.80% Finance 12.95% Software 9.88% Consumer Non Durables 9.73% Petroleum Products 9.52% Chemicals 6.39% Consumer Durables 5.47% Industrial Products 5.46% Pharmaceuticals 5.39% Cement 2.84%

Performance (As on 30/09/2020)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 (30-09-2019 to 30-09-2020) 4.65 10466.20 1.20 10120.14 -0.97 9903.083 Years (29-09-2017 to 30-09-2020) 5.50 11745.73 4.94 11560.98 6.02 11920.865 Years (30-09-2015 to 30-09-2020) 8.25 14870.83 8.81 15262.05 8.53 15063.68Since Inception (11-11-2005 to 30-09-2020) 13.66 67350.00 12.04 54416.36 11.84 52959.70Different 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

Name % of NAV

Banks 14.80HDFC Bank Ltd. 6.93ICICI Bank Ltd. 4.52Kotak Mahindra Bank Ltd. 2.31State Bank of India 1.04Finance 12.95Housing Development Finance Corporation Ltd. 4.51Bajaj Finance Ltd. 2.58Bajaj Finserv Ltd. 2.02SBI Life Insurance Company Ltd. 1.92Max Financial Services Ltd. 1.92Software 9.88Infosys Ltd. 6.02Tata Consultancy Services Ltd. 3.86Consumer Non Durables 9.73Nestle India Ltd. 5.21Hindustan Unilever Ltd. 4.52Petroleum Products 9.52Reliance Industries Ltd. 9.52Chemicals 6.39Navin Fluorine International Ltd. 4.60Rossari Biotech Ltd. 1.79Consumer Durables 5.47Whirlpool of India Ltd. 2.17Relaxo Footwears Ltd. 1.83Dixon Technologies (India) Ltd. 1.47Industrial Products 5.46AIA Engineering Ltd. 2.92Astral Poly Technik Ltd. 2.54Pharmaceuticals 5.39Abbott India Ltd. 4.02Alkem Laboratories Ltd. 1.37Cement 2.84Shree Cement Ltd. 2.84Auto 2.46Maruti Suzuki India Ltd. 2.46Retailing 2.36Avenue Supermarts Ltd. 2.36Auto Ancillaries 1.70MRF Ltd. 1.70Telecom - Services 1.54Bharti Airtel Ltd. 1.54Telecom - Equipment & Accessories 1.17Bharti Infratel Ltd. 1.17Pesticides 1.04PI Industries Ltd. 1.04Total Equity 92.70 Treasury Bills 0.06 182 DAY T-BILL Sovereign 0.06 TREPS / Reverse Repo Investments 7.71 TREPS 7.71 Cash & Cash Equivalents -0.47Net 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 September 30, 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: 214.35


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 September 30, 2020)Direct Plan - 0.79 %Regular Plan - 2.59 %

`


Chemicals 16.33% Software 12.55% Consumer Durables 8.55% Finance 8.11% Industrial Products 6.32% Cement 4.94% Pesticides 4.45%

Auto Ancillaries 4.13%

Transportation 3.45% Auto 3.30%


Name % of NAV

Chemicals 14.96Alkyl Amines Chemicals Ltd. 3.00Navin Fluorine International Ltd. 2.89Neogen Chemicals Ltd. 2.74Galaxy Surfactants Ltd. 2.58Fine Organic Industries Ltd. 2.39Rossari Biotech Ltd. 1.36Software 11.84Persistent Systems Ltd. 3.32Tata Elxsi Ltd. 2.31NIIT Ltd. 1.56Mastek Ltd. 1.53KPIT Technologies Ltd. 1.31Info Edge (India) Ltd. 0.98Cyient Ltd. 0.83Consumer Durables 8.22Dixon Technologies (India) Ltd. 2.13Orient Electric Ltd. 1.69Blue Star Ltd. 1.64Amber Enterprises India Ltd. 1.54VIP Industries Ltd. 1.22Finance 8.03Can Fin Homes Ltd. 1.94Multi Commodity Exchange of India Ltd. 1.21Bajaj Finance Ltd. 1.17SBI Life Insurance Company Ltd. 1.04Max Financial Services Ltd. 0.99Muthoot Finance Ltd. 0.87Mahindra & Mahindra Financial Services Ltd. 0.81Industrial Products 6.32Timken India Ltd. 2.08Mold-Tek Packaging Ltd. 1.48Finolex Cables Ltd. 1.02Astral Poly Technik Ltd. 0.98Cosmo Films Ltd. 0.76Cement 4.94Birla Corporation Ltd. 1.83JK Cement Ltd. 1.68JK Lakshmi Cement Ltd. 1.43Pesticides 4.45Rallis India Ltd. 2.16Bayer Cropscience Ltd. 1.46PI Industries Ltd. 0.83

Name % of NAV

Auto Ancillaries 4.13CEAT Ltd. 2.14Balkrishna Industries Ltd. 1.09Subros Ltd. 0.90Transportation 3.45TCI Express Ltd. 1.91Transport Corporation of India Ltd. 1.54Auto 3.30Hero MotoCorp Ltd. 1.46Escorts Ltd. 0.92Maruti Suzuki India Ltd. 0.92Pharmaceuticals 2.35Divi'sLaboratoriesLtd. 1.35Alkem Laboratories Ltd. 1.00Ferrous Metals 2.17Tata Steel BSL Ltd. 1.21Kirloskar Ferrous Industries Ltd. 0.96Construction 2.15Cera Sanitaryware Ltd. 1.29PNC Infratech Ltd. 0.86Fertilisers 1.97Chambal Fertilisers and Chemicals Ltd. 1.13Coromandel International Ltd. 0.84Engineering Services 1.36Rites Ltd. 1.36Petroleum Products 1.14Reliance Industries Ltd. 1.14Textiles - Cotton 0.95Vardhman Textiles Ltd. 0.95Construction Project 0.89Ircon International Ltd. 0.89Consumer Non Durables 0.87Jubilant Foodworks Ltd. 0.87Textile Products 0.78Siyaram Silk Mills Ltd. 0.78Other Equities* 6.05 Total Equity 90.32 Treasury Bills 0.05 182 DAY T-BILL Sovereign 0.05 TREPS / Reverse Repo Investments 9.19 TREPS 9.19 Cash & Cash Equivalents 0.44 Net Assets 100.00Top 10 Equity Holdings * Holding less than 0.75%

Performance (As on 30/09/2020)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 (30-09-2019 to 30-09-2020) 22.21 12227.93 5.20 10521.51 -0.97 9903.08Since Inception (13-05-2019 to 30-09-2020) 13.44 11910.00 -1.96 9728.70 1.99 10276.41Different 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 Sep 30, 2020)Portfolio Turnover Ratio** : 0.98

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: 167.95


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 September 30, 2020)Standard Deviation^ (Annualised): 18.91%Beta^ : 1.07Sharpe Ratio^ (Annualised) : 0.11 Portfolio Turnover Ratio** : 0.16






Software 17.27% Consumer Non Durables 17.09% Petroleum Products 11.29% Banks 9.43% Chemicals 9.41% Auto 7.74% Industrial Products 4.11% Cement 4.05% Auto Ancillaries 3.36% Gas 3.30%

Performance (As on 30/09/2020)Period Principal Dividend Yield

FundNifty Dividend

Opportunities 50 - TRI(Scheme’s Benchmark)


Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

Returns (%)

$PTP Returns

1 Year (30-09-2019 to 30-09-2020) 4.55 10455.94 -5.16 9482.78 -0.97 9903.083 Years (29-09-2017 to 30-09-2020) 4.08 11278.27 1.92 10588.47 6.02 11920.865 Years (30-09-2015 to 30-09-2020) 9.67 15873.25 7.88 14618.78 8.53 15063.68Since Inception (15-10-2004 to 30-09-2020) 11.18 54350.00 NA NA 13.60 76599.29Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.



Name % of NAV

Software 17.27Tata Consultancy Services Ltd. 6.93Infosys Ltd. 6.48Tech Mahindra Ltd. 2.22HCL Technologies Ltd. 1.64Consumer Non Durables 17.09Hindustan Unilever Ltd. 6.62ITC Ltd. 4.15Colgate Palmolive (India) Ltd. 2.38VST Industries Ltd. 2.10Britannia Industries Ltd. 0.95Bannari Amman Sugars Ltd. 0.89Petroleum Products 10.98Reliance Industries Ltd. 7.68Hindustan Petroleum Corporation Ltd. 2.37Castrol India Ltd. 0.93Banks 9.43ICICI Bank Ltd. 3.57HDFC Bank Ltd. 3.46State Bank of India 1.27Kotak Mahindra Bank Ltd. 1.13Chemicals 9.41Navin Fluorine International Ltd. 3.88Aarti Industries Ltd. 2.18Fine Organic Industries Ltd. 2.09Rossari Biotech Ltd. 1.26Auto 7.74Bajaj Auto Ltd. 3.40Maruti Suzuki India Ltd. 1.60Ashok Leyland Ltd. 1.44Mahindra & Mahindra Ltd. 1.30Industrial Products 4.11AIA Engineering Ltd. 2.41SRF Ltd. 1.70

Name % of NAV

Cement 4.05Ultratech Cement Ltd. 4.05Auto Ancillaries 3.36CEAT Ltd. 1.25Balkrishna Industries Ltd. 1.09Exide Industries Ltd. 1.02Gas 3.30Gujarat Gas Ltd. 3.30Telecom - Services 2.25Bharti Airtel Ltd. 2.25Ferrous Metals 1.93Tata Steel Ltd. 1.93Non - Ferrous Metals 1.88Hindustan Zinc Ltd. 1.88Power 1.27NTPC Ltd. 1.27Consumer Durables 1.07Sheela Foam Ltd. 1.07Finance 1.05Bajaj Finserv Ltd. 1.05Fertilisers 1.01Coromandel International Ltd. 1.01Construction Project 0.85Larsen & Toubro Ltd. 0.85Other Equities* 1.54 Total Equity 99.59 Treasury Bills 0.06 182 DAY T-BILL Sovereign 0.06 TREPS / Reverse Repo Investments 0.81 TREPS 0.81 Cash & Cash Equivalents -0.46Net 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 20.20HDFC Bank Ltd. 7.75ICICI Bank Ltd. 6.14Kotak Mahindra Bank Ltd. 3.04

State Bank of India 1.75

Axis Bank Ltd. 1.52

Software 11.41Infosys Ltd. 4.94Tata Consultancy Services Ltd. 3.99

MindTree Ltd. 1.31

Tech Mahindra Ltd. 1.17

Consumer Non Durables 10.03Hindustan Unilever Ltd. 2.50Nestle India Ltd. 2.27

ITC Ltd. 2.11

United Spirits Ltd. 2.09

Tata Consumer Products Ltd. 1.06

Petroleum Products 8.81Reliance Industries Ltd.# 6.45

Hindustan Petroleum Corporation Ltd. 1.36

Bharat Petroleum Corporation Ltd. 1.00

Pharmaceuticals 7.91

Divi'sLaboratoriesLtd. 2.20

Sun Pharmaceutical Industries Ltd. 1.77

Cipla Ltd. 1.55

Abbott India Ltd. 1.27

IPCA Laboratories Ltd. 1.12

Finance 4.40

Housing Development Finance Corporation Ltd. 2.06

Max Financial Services Ltd. 1.53

HDFC Asset Management Company Ltd. 0.81

Construction Project 3.27Larsen & Toubro Ltd. 3.27

Power 3.00

NTPC Ltd. 1.59

Name % of NAVTorrent Power Ltd. 1.41

Auto Ancillaries 2.79

MRF Ltd. 1.99

Exide Industries Ltd. 0.80

Chemicals 2.41

Rossari Biotech Ltd. 1.56

Atul Ltd. 0.85

Telecom - Services 2.24Bharti Airtel Ltd. 2.24

Auto 2.14

Maruti Suzuki India Ltd. 1.13

Mahindra & Mahindra Ltd. 1.01

Industrial Products 1.83

AIA Engineering Ltd. 0.92

Astral Poly Technik Ltd. 0.91

Construction 1.60

Kajaria Ceramics Ltd. 1.60

Textile Products 1.32

Page Industries Ltd. 1.32

Consumer Durables 1.19

Whirlpool of India Ltd. 1.19

Ferrous Metals 1.04

Tata Steel BSL Ltd. 1.04

Pesticides 1.01

Bayer Cropscience Ltd. 1.01

Other Equities* 11.57

Total Equity 98.17

Treasury Bills 0.06

182 DAY T-BILL Sovereign 0.06

TREPS / Reverse Repo Investments 3.19

TREPS 3.19

Cash & Cash Equivalents -1.42

Net Assets 100.00

Dividend Update


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




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


AUM: 397.76


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

Benchmark: Nifty 500 Index - TRI

`

Load StructureEntry Load: NILExit Load: NIL

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

Ratios & Other Details (As on September 30, 2020)Standard Deviation^ (Annualised): 21.80%Beta^ : 0.98Sharpe Ratio^ (Annualised) : -0.04 Portfolio Turnover Ratio** : 1.13

Fund Manager DetailsName: Sudhir Kedia





Banks 20.20% Software 12.05% Consumer Non Durables 10.47% Petroleum Products 8.81% Pharmaceuticals 8.09% Finance 5.45% Auto Ancillaries 3.72% Construction Project 3.27% Power 3.00% Industrial Products 2.82%

Performance (As on 30/09/2020)Period Principal Tax Savings

FundNifty 500 - TRI*

(Scheme’s Benchmark)Nifty 50 - TRI**

(Additional Benchmark)Returns

(%)$PTP

ReturnsReturns

(%)$PTP

ReturnsReturns

(%)$PTP

Returns1 Year (30-09-2019 to 30-09-2020) 0.60 10060.53 1.02 10101.89 -0.97 9903.083 Years (29-09-2017 to 30-09-2020) 0.48 10145.47 3.97 11241.72 6.02 11920.865 Y

Documents

Equity Savings Fund...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