[XLS] · Web viewv) Devolvement, if any - Nil. vi) Subscription by the schemes in the issues lead managed by associate companies - Nil. Details of investments made in companies which

Principal Mutual FundInvestment Manager: Principal Pnb Asset Management Company Private Limited (CIN : U25000MH1991PTC064092)Exchange Plaza, ‘B’ Wing, Ground Floor, NSE Building, Bandra Kurla Complex, Bandra (East), Mumbai-400 051.• Toll Free: 1800 425 5600 • Fax: 91-22-677 20 512 • email: [email protected] • visit us at: www.principalindia.comUnaudited Financial Results of the Schemes of Principal Mutual Fund for the Half Year Ended March 31, 2018(Pursuant to Regulation 59 of Securities and Exchange Board of India (Mutual Funds) Regulations, 1996)

Particulars

Principal Balanced Fund

Regular Direct

Monthly Dividend Growth Growth

1.1 Unit Capital at the beginning of the Half year period (Rs. in Crores) 53.56 40.40 0.92 2.081.2 Unit Capital at the end of the period (Rs. in Crores) 154.30 77.90 8.38 9.00

2 Reserve & Surplus (Rs. In Crores) 844.48

3.1 Total Net Assets at the beginning of the half year period (Rs. in Crores) 149.65 284.19 2.91 15.29 3.2 Total Net Assets at the end of the period (Rs. in Crores) 424.72 573.41 26.19 69.73

4.1 NAV at the beginning of the half year period (Rs.) 27.94 70.35 31.47 73.394.2 NAV at the end of the period (Rs.) +++ 27.53 73.61 31.27 77.43

4.3b Dividend paid per unit during the half-year - Individuals/HUF (Rs.) 1.7390 - 1.9667 - 4.3a Dividend paid per unit during the half-year - Others (Rs.) 1.7390 - 1.9667 -

5 Income (Rs. In Crores)5.1 Dividend 2.99 5.2 Interest 10.11 5.3 Profit/(Loss) on sale/redemption of Investment (other than interscheme/transfer /sale) 25.94 5.4 Profit/(Loss) on inter scheme transfer /sale of Investment - 5.5 Other Income (Refer Note 5) 0.21 5.6 Total Income 39.25

6 Expenses (Rs. In Crores)6.1 Management Fees 3.18 6.2 Trustee Fees 0.05 6.3 Total Recurring Expenses (including 6.1 and 6.2)* 10.73

6.4 % of Management Fees to Daily Average Net Assets @^ 0.88% 0.88%6.5 Total Recurring Expenses as % of Daily Average Net Assets @^ 2.78% 1.13%

7.1 Returns - during Half Year (absolute) (%) # 4.63 5.50Benchmark (%) 2.90 2.90

7.2 Compounded Annualised Yield ~~(I) Last 1 year (%) 17.88 19.63Benchmark 10.05 10.05(I) Last 3 years (%) 13.57 14.79Benchmark 9.12 9.12(I) Last 5 years (%) 17.85 19.00Benchmark 13.46 13.46(I) Since Inception (%) 11.58 16.73Benchmark NA 12.05

7.3 Date of Commencement /Allotment 14-Jan-00 1-Jan-13

7.4Benchmark CRISIL Hybrid 35+65 - Aggressive Index ###

8 Provision for Doubtful Income/ Debts (Rs. in Crores) -

9 Payment to Associates/Group Companies (if Applicable) (Also refer Note 9) (Rs. In Crores)Trustee fees to Principal Trustee Co. Pvt. Ltd. 0.05

Fees to group companies/associates as intermediary for securities transaction Refer Note 9(i)

Fees to group companies/associates as intermediary for distribution of units Refer Note 9(ii)

Bank Charges to Punjab National Bank (Rs. In Crores) 0.00

10 Investment in Associate/Group Companies (if applicable) (Refer Annexure I) (Rs. in Crores) § 21.34

Past performance may or may not be sustained in the future.In the above Financial Report '-' indicates Nil and '0.00' indicates a value less than 0.01 croresNA = Not Applicable

### The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200

@^ Management Fees to Daily Average Net Assets % and Total Recurring Expenses to Daily Average Net Assets % are annualised.

^ After deducting rebate (reduction in management fees charged by overseas mutual fund)

+++ March 31, 2018 being a non-business day for all schemes, the NAV p.u. have been provided as of March 28, 2018

Place : MumbaiDate : April 27, 2018

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

Sr. No.

Monthly Dividend

# Calculated after considering movement of NAV during the half year and assuming that all dividend payouts/bonus during the half year have been reinvested in units of the scheme at the then prevailing NAV. Returns are calculated only in respect of Growth Plan/Option, whichever is applicable.

## The performance of all the schemes of Principal Mutual Fund have been benchmarked to the Total Return Index variant (wherever available) of respective benchmark index, as against the Price Return variant of respective benchmark Index.

~~ For calculation of compounded annualised yield, the procedure prescribed in the Scheme Information Document has been followed. All performance calculations are based only on NAV and the payouts to the unitholders. Returns less than 1 year period are absolute. Returns greater than 1 year period are compounded annualized (CAGR).

*Total Recurring expenses are inclusive of GST incurred on Management Fees and additional expenses, if any, charged pursuant to Regulation 52 (6A) (b) and 52 (6A) (c).

§ This is the aggregate of all investments made during the half-year ended March 31, 2018 without considering sale / redemptions and interscheme transaction, which might have occurred.


Particulars

1.1 Unit Capital at the beginning of the Half year period (Rs. in Crores)1.2 Unit Capital at the end of the period (Rs. in Crores)

2 Reserve & Surplus (Rs. In Crores)

3.1 Total Net Assets at the beginning of the half year period (Rs. in Crores)3.2 Total Net Assets at the end of the period (Rs. in Crores)

4.1 NAV at the beginning of the half year period (Rs.)4.2 NAV at the end of the period (Rs.) +++

4.3b Dividend paid per unit during the half-year - Individuals/HUF (Rs.)4.3a Dividend paid per unit during the half-year - Others (Rs.)

5 Income (Rs. In Crores)5.1 Dividend 5.2 Interest5.3 Profit/(Loss) on sale/redemption of Investment (other than interscheme/transfer /sale)5.4 Profit/(Loss) on inter scheme transfer /sale of Investment 5.5 Other Income (Refer Note 5)5.6 Total Income

6 Expenses (Rs. In Crores)6.1 Management Fees6.2 Trustee Fees6.3 Total Recurring Expenses (including 6.1 and 6.2)*

6.4 % of Management Fees to Daily Average Net Assets @^6.5 Total Recurring Expenses as % of Daily Average Net Assets @^

7.1 Returns - during Half Year (absolute) (%) #Benchmark (%)

7.2 Compounded Annualised Yield ~~(I) Last 1 year (%)Benchmark(I) Last 3 years (%)Benchmark(I) Last 5 years (%)Benchmark(I) Since Inception (%)Benchmark

7.3 Date of Commencement /Allotment

7.4Benchmark

8 Provision for Doubtful Income/ Debts (Rs. in Crores)

9 Payment to Associates/Group Companies (if Applicable) (Also refer Note 9) (Rs. In Crores)Trustee fees to Principal Trustee Co. Pvt. Ltd.

Fees to group companies/associates as intermediary for securities transaction

Fees to group companies/associates as intermediary for distribution of units

Bank Charges to Punjab National Bank (Rs. In Crores)

10 Investment in Associate/Group Companies (if applicable) (Refer Annexure I) (Rs. in Crores) §








Sr. No.







Principal Dividend Yield Fund

Regular Direct

Growth Growth

17.61 17.18 0.08 0.2217.92 17.19 0.14 0.24

92.12

42.06 82.81 0.23 1.07 39.00 86.98 0.41 1.22

23.89 48.19 27.93 49.2921.76 50.62 29.37 51.843.50 - - - 3.50 - - -

0.68 0.06

11.91 -

0.05 12.70

1.40 0.01 2.04

2.09% 2.09%3.02% 2.80%

5.04 5.175.33 5.33

20.36 20.6311.45 11.4513.10 13.5310.73 10.7316.69 17.2112.85 12.8512.81 13.70

NA 10.0915-Oct-04 1-Jan-13

NIFTY Dividend Opportunities 50 Index ##

-

0.01

Refer Note 9(i)

Refer Note 9(ii)

0.00

0.15

Half Yearly Dividend



Particulars












7.4Benchmark














Sr. No.






Principal Credit Opportunities Fund

Regular Direct

Growth Monthly Dividend Growth Monthly Dividend

2.64 0.42 17.46 0.042.74 0.43 20.96 17.27

46.19

6.95 0.52 46.73 0.05 7.45 0.54 58.11 21.49

2633.0930 1237.9036 2675.3965 1240.97362723.1586 1239.9977 2770.3797 1243.4476

- 28.59433470 - 29.52454004 - 26.49210386 - 27.35392129

- 3.00 (0.03) (0.00) (0.00) 2.97

0.11 0.00 0.18

0.25% 0.25%0.60% 0.37%

3.42 3.553.39 3.39

7.32 7.596.85 6.858.23 8.477.33 7.338.31 8.668.09 8.097.68 8.697.15 8.09

14-Sep-04 1-Jan-13

CRISIL Liquid Fund Index

-

0.00

Refer Note 9(i)

Refer Note 9(ii)

0.00

-


Particulars












7.4Benchmark














Sr. No.






Principal Low Duration Fund

Regular Direct

Growth Daily Dividend Weekly Dividend Monthly Dividend Growth Daily Dividend Weekly Dividend Monthly Dividend

103.41 9.97 7.12 0.63 165.49 53.62 11.44 3.5689.29 6.00 6.98 0.75 63.53 23.20 8.12 12.91

278.35

277.17 10.02 7.17 0.72 457.43 54.03 11.51 4.07 247.14 6.04 7.04 0.86 181.68 23.39 8.19 14.80

2679.8489 1005.7164 1006.1572 1141.5532 2763.5432 1007.4134 1006.1796 1143.68772766.0451 1005.7164 1008.5328 1143.1750 2858.0665 1007.4134 1008.6106 1145.2867

- 23.01991215 21.30853707 24.95679047 - 24.47779561 22.69670242 26.65295806 - 21.32750806 19.74195178 23.12198876 - 22.67820914 21.02806040 24.69345556

- 27.19 (1.70) (0.06) 0.00

25.44

0.93 0.04 1.81

0.25% 0.25%0.75% 0.35%

3.22 3.423.39 3.39

7.21 7.646.85 6.857.93 8.547.33 7.338.25 8.948.09 8.097.80 8.947.15 8.09

14-Sep-04 1-Jan-13


-

0.04

Refer Note 9(i)

Refer Note 9(ii)

0.00

-


Particulars












7.4Benchmark














Sr. No.






Principal Growth Fund

Regular Direct

Growth Growth

34.39 26.97 0.88 0.7235.89 34.19 1.06 1.72

556.59

129.08 360.46 3.79 9.88 123.67 476.35 4.59 24.84

37.54 133.66 42.82 137.8234.46 139.36 43.22 144.324.96 - 1.71 - 4.96 - 1.71 -

1.72 0.71

24.64 -

0.12 27.19

4.24 0.03 8.07

1.47% 1.42%2.78% 1.94%

4.26 4.724.03 4.03

16.99 17.9312.60 12.6013.74 14.579.31 9.31

21.47 22.2915.77 15.7716.31 18.9315.63 13.59

25-Oct-00 1-Jan-13

S&P BSE 200 Index ##

-

0.03

Refer Note 9(i)

Refer Note 9(ii)

0.00

4.82




Particulars












7.4Benchmark














Sr. No.






Principal Dynamic Bond Fund

Regular Direct

Annual Dividend Growth Annual Dividend Growth

4.24 2.31 26.64 0.02 0.02 11.660.19 2.17 26.19 0.00 0.02 8.63

69.75

4.78 3.06 78.03 0.02 0.03 35.39 0.22 2.89 77.31 0.00 0.02 26.51

11.2752 13.2437 29.2842 11.5991 13.3205 30.336311.3605 13.3442 29.5064 11.7354 13.4612 30.6931

- - - - 0.01141179 - - - - - 0.01057281 -

- 4.31 (2.58) 0.00 0.01 1.74

0.35 0.01 0.82

0.67% 0.66%1.65% 0.87%

0.76 1.180.62 0.62

4.27 5.095.10 5.107.17 7.988.12 8.127.86 8.688.60 8.607.53 8.716.66 8.57

9-May-03 1-Jan-13

CRISIL Composite Bond Fund Index

-

0.01

Refer Note 9(i)

Refer Note 9(ii)

0.00

-

Quarterly Dividend

Quarterly Dividend


Particulars












7.4Benchmark














Sr. No.






Principal Short Term Income Fund

Regular Direct

Growth Growth

7.12 103.73 22.73 44.089.15 52.96 22.96 32.28

187.86

9.13 309.50 29.25 136.20 11.79 161.43 29.65 102.33

12.8266 29.8339 12.8634 30.891212.8719 30.4682 12.9080 31.6832

0.16258190 - 0.20338988 - 0.15062902 - 0.18843682 -

- 16.41 (4.53) (0.00) 0.00

11.88

0.66 0.02 1.84

0.29% 0.25%1.20% 0.34%

2.13 2.562.29 2.29

5.97 6.886.17 6.177.57 8.437.90 7.908.12 8.958.56 8.567.77 8.967.17 8.55

9-May-03 1-Jan-13

CRISIL Short-Term Bond Fund Index

-

0.02

Refer Note 9(i)

Refer Note 9(ii)

0.00

-

Monthly Dividend

Monthly Dividend


Particulars












7.4Benchmark














Sr. No.






Principal Index Fund - Nifty

Regular Direct

Dividend Growth Dividend Growth

0.22 1.03 0.04 1.350.23 0.95 0.04 1.37

15.00

0.87 7.00 0.18 9.37 0.93 6.64 0.18 9.83

39.8792 67.8541 40.7896 69.406641.1803 70.0678 42.2244 71.8479

- - - - - - - -

0.09 0.00 0.14

- 0.00 0.23

0.03 0.00 0.07

0.34% 0.34%1.00% 0.50%

3.26 3.523.85 3.85

10.67 11.2211.86 11.866.30 6.847.38 7.38

12.47 13.0313.63 13.6310.98 11.5113.12 12.02

27-Jul-99 1-Jan-13

NIFTY 50 Index ##

-

0.00

Refer Note 9(i)

Refer Note 9(ii)

0.00

0.01


Particulars












7.4Benchmark














Sr. No.






Principal Cash Management Fund

Regular Direct

Daily Dividend Weekly Dividend Monthly Dividend Growth Daily Dividend Weekly Dividend Monthly Dividend Growth

5.47 1.93 0.93 297.74 48.34 0.73 2.62 198.996.90 2.41 2.34 245.29 20.10 1.48 3.38 208.32

313.03

5.48 1.94 0.95 485.57 48.38 0.74 2.69 325.75 6.91 2.43 2.41 413.67 20.13 1.50 3.47 352.76

1000.8893 1006.6123 1025.2733 1630.5730 1000.6367 1007.1249 1025.3173 1636.74581000.8893 1008.0060 1025.5251 1685.3915 1000.6367 1008.5276 1025.5623 1692.3423

23.89969165 23.00124175 24.31549121 - 24.14392960 23.29662729 24.57478441 - 22.14260697 21.31021027 22.52783726 - 22.36888870 21.58387931 22.76806747 -

- 39.37 0.04 0.00 0.00

39.41

0.64 0.07 1.06

0.12% 0.12%0.25% 0.17%

3.36 3.403.39 3.39

6.82 6.906.85 6.857.47 7.547.33 7.338.13 8.228.10 8.107.58 8.267.14 8.09

30-Aug-04 1-Jan-13


-

0.07

Refer Note 9(i)

Refer Note 9(ii)

0.00

-


Particulars












7.4Benchmark














Sr. No.






Principal Money Manager Fund

Regular Direct

Growth Daily Dividend Weekly Dividend Monthly Dividend Daily Dividend

15.99 0.02 0.00 3.01 7.50 NA NA 0.4220.58 0.02 0.00 11.34 6.53 NA NA 0.81

26.98

30.43 0.02 0.00 3.20 14.40 NA NA 0.44 40.36 0.02 0.00 12.05 12.98 NA NA 0.86

1902.2572 1005.4300 1018.7154 1060.9028 1919.6411 NA NA 1061.35011960.2990 1005.4300 1021.2314 1061.7706 1985.2835 NA NA 1062.1252

- 21.84812932 19.20389801 22.43955181 - NA NA 25.23818500 - 20.24187368 17.79204399 20.78981531 - NA NA 23.38269541

- 2.59 (0.03) (0.00) 0.00 2.56

0.10 0.00 0.36

0.22% 0.22%1.17% 0.31%

3.05 3.423.39 3.39

6.14 7.066.85 6.857.48 7.857.33 7.338.33 8.608.09 8.096.78 8.647.56 8.09

28-Dec-07 1-Jan-13


-

0.00

Refer Note 9(i)

Refer Note 9(ii)

0.00

-

Direct Growth

Weekly Dividend Monthly Dividend


Particulars












7.4Benchmark














Sr. No.






Principal Equity Savings Fund

Regular Direct

Growth Growth

3.36 2.17 4.55 0.03 0.04 0.203.60 7.56 15.99 0.02 0.62 0.66

43.34

4.14 2.70 15.29 0.04 0.06 0.68 4.26 9.43 54.83 0.03 0.89 2.34

12.3172 12.4399 33.5930 12.5741 14.1469 34.790611.8384 12.4788 34.2919 11.6799 14.5080 35.6786

0.74 0.2213 - 1.22 - - 0.74 0.2213 - 1.22 - -

0.18 0.52 5.00

- 0.00 5.70

0.36 0.00 0.70

1.51% 1.51%2.91% 1.95%

2.08 2.553.52 3.52

7.31 8.188.35 8.356.57 7.377.35 7.356.98 7.799.75 9.758.08 7.699.92 9.27

23-May-02 1-Jan-13

30% NIFTY 50 Index ## + 70% CRISIL Liquid Fund Index

-

0.00

Refer Note 9(i)

Refer Note 9(ii)

0.00

1.38


Quarterly Dividend


Quarterly Dividend


Particulars












7.4Benchmark














Sr. No.






Principal Debt Savings Fund

Regular Direct

Growth Growth

2.97 4.10 2.69 2.00 NA -2.82 6.28 2.56 1.12 NA -

8.45

8.76 4.20 3.24 6.13 NA - 8.31 6.41 3.07 3.44 NA -

29.5141 10.2488 12.0506 30.6897 NA - 29.3917 10.2063 12.0006 30.7555 NA -

- - - - NA - - - - - NA -

- 0.86 (0.79) 0.00 0.00 0.06

0.04 0.00 0.16

0.33% 0.33%1.74% 0.53%

(0.41) 0.212.29 2.29

2.68 3.946.17 6.176.34 7.317.90 7.906.90 7.818.56 8.567.86 7.937.23 8.55

30-Dec-03 1-Jan-13

CRISIL Short-Term Bond Fund Index

-

0.00

Refer Note 9(i)

Refer Note 9(ii)

0.00

-

Monthly Dividend

Quarterly Dividend

Monthly Dividend

Quarterly Dividend


Particulars












7.4Benchmark














Sr. No.






Principal Global Opportunities Fund

Regular Direct Regular Direct

Growth Growth Dividend Growth Dividend Growth

16.93 0.19 2.65 3.08 0.02 0.1415.13 0.18 2.52 2.85 0.01 0.46

276.41 11.46

316.22 3.67 7.37 8.53 0.07 0.40 288.13 3.59 7.45 8.44 0.04 1.38

186.79 192.22 27.7413 27.7413 28.2889 28.2889190.50 196.56 29.5343 29.5343 30.1824 30.1824

- - - - - - - - - - - -

1.02 - 0.29 0.01

57.23 0.18 - -

0.00 0.00 58.54 0.19

2.75 0.04 0.02 0.00 4.49 0.09

1.62% 1.61% 0.49% 0.49%2.76% 2.20% ^1.00% ^0.60%

1.99 2.26 6.46 6.693.75 3.75 2.85 2.85

9.21 9.83 25.67 26.2212.23 12.23 13.13 13.137.18 7.86 9.33 9.828.39 8.39 9.26 9.26

15.50 16.19 6.83 7.2714.73 14.73 13.47 13.4720.11 13.37 8.04 6.3212.57 12.77 10.02 14.07

31-Mar-96 1-Jan-13 29-Mar-04 2-Jan-13

S&P BSE 100 Index ## MSCI World Index ##

- -

0.02 0.00

Refer Note 9(i) Refer Note 9(i)

Refer Note 9(ii) Refer Note 9(ii)

0.00 0.00

2.76 -

Principal Personal Tax Saver Fund


Particulars












7.4Benchmark














Sr. No.






Principal Large Cap Fund

Regular Direct

Growth Growth

22.70 38.22 0.35 4.2421.35 37.04 0.37 4.05

231.77

59.87 219.15 0.93 25.04 53.03 216.13 0.95 24.47

26.38 57.34 26.69 59.1124.85 58.37 25.63 60.392.11 - 1.72 - 2.11 - 1.72 -

0.95 0.16

16.24 -

0.04 17.39

2.71 0.02 4.37

1.70% 1.66%2.83% 2.15%

1.80 2.173.75 3.75

9.84 10.5912.23 12.237.56 8.318.39 8.39

15.64 16.3914.73 14.7315.31 13.5713.30 12.77

11-Nov-05 1-Jan-13


-

0.02

Refer Note 9(i)

Refer Note 9(ii)

0.00

-




Particulars












7.4Benchmark














Sr. No.






Principal Tax Savings Fund

Regular Direct

Growth Growth

17.28 0.02 0.37 0.0017.47 0.08 0.76 0.02

357.18

339.73 0.30 7.36 0.01 357.45 1.70 15.95 0.41

196.60 196.60 200.96 200.96204.62 204.62 209.63 209.63

- - - - - - - -

1.14 0.25

26.97 -

(0.00) 28.36

3.51 0.02 5.42

1.90% 1.86%2.88% 2.42%

4.08 4.314.03 4.03

16.55 16.9712.60 12.6013.56 14.069.31 9.31

21.38 21.9315.77 15.7716.87 18.6213.05 13.59

31-Mar-96 11-Sep-17 1-Jan-13 11-Sep-17


-

0.02

Refer Note 9(i)

Refer Note 9(ii)

0.00

3.17




Particulars












7.4Benchmark














Sr. No.






Principal Smart Equity Fund

Regular Direct

Growth Growth

26.64 69.81 1.31 1.6426.73 66.22 0.14 1.62

78.20

41.42 134.59 2.21 3.31 39.84 129.50 0.23 3.34

15.55 19.28 16.96 20.1614.91 19.56 16.38 20.62

0.8691 - 0.9511 - 0.8691 - 0.9511 -

0.57 1.59 9.55 0.03 0.06

11.80

0.90 0.01 2.59

1.14% 1.14%2.97% 1.54%

1.45 2.282.90 2.90

5.78 7.3510.05 10.055.63 6.899.12 9.12

12.69 13.8213.46 13.469.65 11.709.72 12.05

16-Dec-10 1-Jan-13

CRISIL Hybrid 35+65 - Aggressive Index ###

-

0.01

Refer Note 9(i)

Refer Note 9(ii)

0.00

2.28

Monthly Dividend

Monthly Dividend


Particulars












7.4Benchmark














Sr. No.






Principal Emerging Bluechip Fund

Regular Direct

Growth Growth

38.17 90.91 1.44 15.5943.39 118.01 1.76 22.41

1,471.79

170.04 920.75 11.56 164.30 173.95 1225.07 14.59 243.74

44.54 101.29 80.24 105.3940.10 103.84 82.82 108.785.92 - - - 5.92 - - -

4.57 1.78

37.78 -

0.40 44.53

5.49 0.09

17.64

0.90% 0.90%2.52% 1.27%

2.52 3.224.00 4.00

14.97 16.3510.34 10.3414.85 16.0614.39 14.3927.33 28.4621.96 21.9628.34 24.7020.59 17.49

12-Nov-08 1-Jan-13

NIFTY Free Float Midcap 100 Index ##

-

0.09

Refer Note 9(i)

Refer Note 9(ii)

0.00

1.71




Particulars












7.4Benchmark














Sr. No.






Regular Direct Regular Direct Regular Direct

Growth Growth Growth Growth Growth Growth

0.67 0.37 1.97 0.50 1.05 0.160.54 0.38 1.52 0.54 1.01 0.18

0.22 0.43 0.37

0.81 0.45 2.32 0.59 1.35 0.210.67 0.47 1.83 0.66 1.32 0.25

12.0094 12.1727 11.7688 11.8599 12.8302 12.991212.2736 12.4768 12.0454 12.1689 13.1038 13.3021

- - - - - - - - - - - -

- - - 0.00 0.00 0.00 0.04 0.14 0.01

- - - (0.00) 0.00 (0.00) 0.04 0.15 0.01

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01

0.16% 0.16% 0.05% 0.05% 0.28% 0.28%0.93% 0.24% 0.62% 0.12% 1.03% 0.43%

2.20 2.50 2.35 2.61 2.13 2.392.91 2.91 2.53 2.53 3.54 3.54

7.99 8.75 6.91 7.45 9.94 10.628.44 8.44 7.02 7.02 10.72 10.72NA NA NA NA NA NANA NA NA NA NA NANA NA NA NA NA NANA NA NA NA NA NA

9.37 10.16 8.47 8.96 12.54 13.2810.48 10.48 8.82 8.82 13.13 13.13

14-Dec-15 14-Dec-15 14-Dec-15

- - -

0.00 0.00 0.00

Refer Note 9(i) Refer Note 9(i) Refer Note 9(i)

Refer Note 9(ii) Refer Note 9(ii) Refer Note 9(ii)

0.00 0.00 0.00

- - -

Principal Asset Allocation Fund of Funds - Moderate Plan

Principal Asset Allocation Fund of Funds - Conservative Plan

Principal Asset Allocation Fund of Funds - Aggressive Plan

60% CRISIL Short Term Bond Fund Index & 40% NIFTY 50 Index ##




Particulars












7.4Benchmark














Sr. No.






Principal Arbitrage Fund

Regular Direct

Growth Growth

3.40 4.13 0.33 0.673.60 2.82 0.18 0.95

0.71

3.56 4.46 0.35 0.733.86 3.13 0.19 1.07

10.4934 10.8043 10.5355 10.913710.7229 11.1038 10.8004 11.2520

0.0611 - 0.0616 - 0.0611 - 0.0616 -

0.03 0.06 0.86 0.00 0.01 0.96

0.00 0.00 0.04

0.19% 0.16%1.04% 0.36%

2.77 3.103.39 3.39

5.46 6.176.85 6.85NA NANA NANA NANA NA

5.56 6.296.97 6.97

21-Apr-16


-

0.00

Refer Note 9(i)

Refer Note 9(ii)

0.00

-

Monthly Dividend

Monthly Dividend

Annexure I (Rs. In Crs)

Name of the Associate Instrument GROWTH INDEX LCAP MINCOM PBF PDYF PEBF PTSF SMART TAX96

Atul Ltd. Equity SharesAggregate Cost - - - - - - 1.71 - - - Mkt Value as on 31-March-2018 - - - - - - 16.04 - - -

Larsen & Toubro Ltd. Equity SharesAggregate Cost 4.82 0.01 - 1.38 13.34 0.15 - 2.76 2.28 3.17 Mkt Value as on 31-March-2018 18.05 0.73 10.34 1.34 21.97 1.67 - 9.42 1.99 11.19

Punjab National Bank Equity SharesAggregate Cost - - - - 8.00 - - - - - Mkt Value as on 31-March-2018 - - - - - - - - - -

Scheme Codes Scheme NameGROWTH Principal Growth FundINDEX Principal Index Fund - NiftyLCAP Principal Large Cap FundMINCOM Principal Equity Savings FundPBF Principal Balanced FundPDYF Principal Dividend Yield FundPEBF Principal Emerging Bluechip FundPTSF Principal Personal Tax Saver FundSMART Principal Smart Equity FundTAX96 Principal Tax Savings Fund

The Schemes made the above investments in equity shares because of attractive valuations and good growth of these companies or because these were part of the ‘NIFTY Free Float Midcap 100 Index’. In all cases these investments were in accordance with the investment objectives and investment strategy of the respective schemes.

Annexure II: Details of investment made by any scheme in company which has invested in any scheme of PRINCIPAL Mutual Fund in excess of 5% of net assets of that scheme in terms of Regulation 25(11)

Scheme in which company has invested

(Rupees in Lakhs) (Rupees in Lakhs)

Ashok Leyland Ltd. Principal Cash Management Fund Principal Cash Management Fund 8,380.55 - Principal Dividend Yield Fund 114.80 112.58 Principal Equity Savings Fund 212.61 193.45 Principal Low Duration Fund 1,183.14 - Principal Money Manager Fund 295.78 -

Hinduja Leyland Finance Ltd. Principal Cash Management Fund 14,819.18 - (Subsidiary of Ashok Leyland Ltd.)

Aspire Home Finance Corporation Ltd. Principal Low Duration Fund Principal Balanced Fund 100.00 101.31 Principal Cash Management Fund 4,916.07 - Principal Credit Opportunities Fund 101.41 100.27 Principal Debt Savings Fund - 200.53 Principal Dynamic Bond Fund - 90.24 Principal Equity Savings Fund 10.05 10.03 Principal Low Duration Fund 2,872.05 1,418.30 Principal Short Term Income Fund - 1,102.93

Bank Of Maharashtra Principal Cash Management Fund Principal Bank CD Fund 39.83 - Principal Cash Management Fund 28,934.83 - Principal Money Manager Fund 393.17 - Principal Pnb Fixed Maturity Plan - Series B10 248.93 - Principal Pnb Fixed Maturity Plan - Series B13 238.97 - Principal Pnb Fixed Maturity Plan - Series B14 238.97 - Principal Pnb Fixed Maturity Plan - Series B16 229.01 - Principal Pnb Fixed Maturity Plan - Series B5 246.66 -

Century Textiles & Industries Ltd. Principal Cash Management Fund Principal Arbitrage Fund 569.86 - Principal Balanced Fund 370.97 - Principal Equity Savings Fund 183.90 251.37 Principal Index Fund - Midcap 1.39 - Principal Smart Equity Fund 467.36 439.90

Dewan Housing Finance Corporation Ltd. Principal Cash Management Fund Principal Arbitrage Fund 888.83 38.26 Principal Low Duration Fund Principal Balanced Fund 2,443.56 2,148.53

Principal Cash Management Fund 32,113.17 - Principal Credit Opportunities Fund 1,393.72 814.96 Principal Debt Savings Fund 301.62 110.70 Principal Dynamic Bond Fund 1,603.18 503.01 Principal Emerging Bluechip Fund 2,268.91 1,101.92 Principal Equity Savings Fund 455.00 520.35 Principal Growth Fund 503.37 615.21 Principal Index Fund - Midcap 1.50 - Principal Low Duration Fund 18,529.41 2,444.46 Principal Money Manager Fund 965.49 - Principal Personal Tax Saver Fund 519.52 322.11 Principal Short Term Income Fund 4,745.41 3,068.60 Principal Smart Equity Fund 1,644.24 1,410.34 Principal Tax Savings Fund 349.37 386.99

Emami Ltd. Principal Credit Opportunities Fund Principal Index Fund - Midcap 2.33 -

Export-Import Bank Of India Principal Cash Management Fund Principal Balanced Fund 1,898.68 1,944.45 Principal Cash Management Fund 16,702.69 - Principal Credit Opportunities Fund 2,387.99 - Principal Dynamic Bond Fund 1,003.68 1,007.10 Principal Low Duration Fund 7,536.36 - Principal Money Manager Fund 1,197.24 - Principal Short Term Income Fund 1,009.81 - Principal Smart Equity Fund 49.97 -

Hero MotoCorp Ltd. Principal Arbitrage Fund Principal Balanced Fund 1,095.39 1,043.00 Principal Credit Opportunities Fund Principal Dividend Yield Fund 264.29 478.28

Principal Equity Savings Fund 58.98 53.35 Principal Growth Fund 911.39 890.02 Principal Index Fund - Nifty 5.19 20.65 Principal Large Cap Fund 771.15 767.37 Principal Personal Tax Saver Fund 902.17 586.40 Principal Smart Equity Fund 314.37 199.11 Principal Tax Savings Fund 633.62 588.03

India Infoline Finance Ltd. Principal Cash Management Fund Principal Cash Management Fund 7,492.14 -

India Infoline Housing Finance Ltd. Principal Cash Management Fund Principal Cash Management Fund 14,575.34 4,866.60 Principal Money Manager Fund 687.33 596.07

Jagran Prakashan Ltd. Principal Pnb Fixed Maturity Plan - Series B13 Principal Cash Management Fund 5,911.79 - Principal Credit Opportunities Fund 99.62 - Principal Money Manager Fund 593.92 -

Music Broadcast Ltd. Principal Emerging Bluechip Fund 25.19 - (Subsidiary of Jagran Prakashan Ltd.)

JSW Energy Ltd. Principal Cash Management Fund Principal Index Fund - Midcap 1.07 -

JSW Steel Ltd. Principal Cash Management Fund Principal Balanced Fund 17.99 - Principal Emerging Bluechip Fund 1,007.58 - Principal Growth Fund 180.09 - Principal Index Fund - Midcap 3.88 - Principal Large Cap Fund 314.48 290.46 Principal Personal Tax Saver Fund 221.85 - Principal Smart Equity Fund 251.09 - Principal Tax Savings Fund 126.22 -

Kansai Nerolac Paints Ltd. Principal Cash Management Fund Principal Index Fund - Midcap 1.82 -

LIC Housing Finance Ltd. Principal Cash Management Fund Principal Arbitrage Fund 709.41 - Principal Balanced Fund 502.39 497.91 Principal Debt Savings Fund 100.00 - Principal Dynamic Bond Fund 1,510.68 - Principal Short Term Income Fund 6,458.48 - Principal Smart Equity Fund 275.28 -

Motilal Oswal Securities Ltd. Principal Cash Management Fund Principal Cash Management Fund 16,835.25 - Principal Credit Opportunities Fund 249.84 - Principal Short Term Income Fund 249.84 -

Phillips Carbon Black Ltd. Principal Cash Management Fund Principal Arbitrage Fund 494.31 - Principal Balanced Fund 1,129.72 984.63 Principal Cash Management Fund 24,296.95 - Principal Credit Opportunities Fund 594.17 - Principal Dividend Yield Fund 329.32 117.24 Principal Equity Savings Fund 69.25 - Principal Growth Fund 827.82 1,114.03 Principal Low Duration Fund 4,282.18 - Principal Money Manager Fund 296.51 - Principal Personal Tax Saver Fund 415.73 564.51 Principal Smart Equity Fund 691.89 - Principal Tax Savings Fund 576.34 699.80

Company Holding more than 5% of the NAV of any scheme in terms of Regulation 25(11)

Scheme which made investment in the company/subsidiary

Aggregate cost of investment by schemes in securities of the company

during 01.03.2016 to 31.03.2018 **

Aggregate Investment outstanding as on March 31, 2018 (At

Market Value)

Annexure II: Details of investment made by any scheme in company which has invested in any scheme of PRINCIPAL Mutual Fund in excess of 5% of net assets of that scheme in terms of Regulation 25(11)

Scheme in which company has invested

(Rupees in Lakhs) (Rupees in Lakhs)

Company Holding more than 5% of the NAV of any scheme in terms of Regulation 25(11)

Scheme which made investment in the company/subsidiary

Aggregate cost of investment by schemes in securities of the company

during 01.03.2016 to 31.03.2018 **

Aggregate Investment outstanding as on March 31, 2018 (At

Market Value)

PNB Housing Finance Ltd. Principal Cash Management Fund Principal Balanced Fund 500.00 495.17 Principal Debt Savings Fund 180.00 178.26 Principal Index Fund - Midcap 2.61 - Principal Low Duration Fund 4,320.00 1,802.42 Principal Short Term Income Fund 5,000.00 -

Reliance Capital Ltd. Principal Cash Management Fund Principal Arbitrage Fund 15.69 12.70 Principal Cash Management Fund 20,775.70 - Principal Equity Savings Fund 12.73 12.70 Principal Index Fund - Midcap 1.93 - Principal Money Manager Fund 150.71 -

Reliance Nippon Life Asset Management Ltd. Principal Emerging Bluechip Fund 18.43 - (Subsidiary of Reliance Capital Ltd.)

Reliance Utilities & Power Private Ltd. Principal Cash Management Fund Principal Balanced Fund 1,048.18 1,026.68 Principal Dynamic Bond Fund 524.09 513.34 Principal Short Term Income Fund 1,048.18 -

Sintex Industries Ltd. Principal Asset Allocation Fund of Funds - Conservative Plan Principal Index Fund - Midcap 0.79 -

SREI Equipment Finance Ltd. Principal Cash Management Fund Principal Arbitrage Fund 237.15 - Principal Balanced Fund 690.30 - Principal Cash Management Fund 72,686.88 6,835.92 Principal Credit Opportunities Fund 988.52 - Principal Dynamic Bond Fund 148.22 - Principal Equity Savings Fund 326.17 - Principal Low Duration Fund 1,185.57 - Principal Money Manager Fund 2,900.16 552.22 Principal Short Term Income Fund 3,952.89 - Principal Smart Equity Fund 1,544.79 -

Sun Pharmaceutical Industries Ltd. Principal Cash Management Fund Principal Arbitrage Fund 689.86 - Principal Balanced Fund 1,237.51 958.09 Principal Dividend Yield Fund 223.84 - Principal Equity Savings Fund 12.88 10.89 Principal Growth Fund 487.01 602.43 Principal Index Fund - Nifty 7.68 24.55 Principal Large Cap Fund 1,006.11 267.35 Principal Personal Tax Saver Fund 756.06 380.79 Principal Smart Equity Fund 1,056.35 405.07 Principal Tax Savings Fund 314.16 368.55

Union Bank Of India Principal Cash Management Fund Principal Balanced Fund 811.51 - Principal Cash Management Fund 14,778.18 - Principal Dividend Yield Fund 12.63 - Principal Emerging Bluechip Fund 1,148.18 - Principal Equity Savings Fund 21.12 - Principal Growth Fund 379.90 - Principal Index Fund - Midcap 1.44 - Principal Large Cap Fund 400.65 - Principal Personal Tax Saver Fund 427.76 - Principal Smart Equity Fund 75.66 - Principal Tax Savings Fund 264.74 -

Most of the above securities were purchased from the open secondary/primary market at relevant market/offer prices over a period of time based on the approved investment strategy. All the securities pertain to highly rated blue-chip companies.The AMC is of the view that the above investments are considered sound and in line with the investment objective of the relevant schemes.**This is an aggregate cost of all investments made during the above mentioned period in accordance with Regulation 25(11) without considering sale/redemptions.

Notes:

1(A) Schemes launched during the half-year ended March 31, 2018 - Nil

1(B) Schemes closed / redeemed during the half year ended March 31, 2018 - Nil

. Dividend per unit are net of Dividend Distribution tax, as applicable.

. Details of borrowings above 10% of the net assets of the scheme by any schemes of Principal Mutual Fund during the half year ended March 31, 2018 are follows:

Name of the Scheme PurposeBorrowing exceeding 10% of Net Assets

% to Net Asset*Amount BorrowedDate of Borrowing Date of Repayment

(in Rs. Lakhs)Principal Cash Management Fund To meet redemptions 18,516.17 3-Nov-17 6-Nov-17 17.93%

*Borrowing as a % to net assets of the scheme is calculated based on the latest available AUM as on the date of borrowing (i.e. previous day AUM).Borrowing cost has been borne by the AMC.

. Effect of changes in the accounting policies on the above items - Nil

.

. Bonus declared during the half-year ended March 31, 2018 - Nil

. Schemes have exposure in derivative products above 10% of the net assets of the scheme half-year ended March 31, 2018 as under:

Scheme Name Position Type Amount (Rs. In Lakhs) Percentage to Net AssetsPrincipal Arbitrage Fund Short 542.37 65.67%Principal Equity Savings Fund Short 2,963.51 41.30%Principal Smart Equity Fund Short 6,427.69 37.17%

. Investment in foreign securities / ADRs / GDRs in Principal Mutual Fund Schemes as on March 31, 2018:

Scheme Name Name of the Security Amount (Rs. In Lakhs) % of NAV

Principal Global Opportunities Fund 1,692.06 97.80%

Other Income, if any, is mainly on account of load (net of GST) credited to schemes and other miscellaneous receipts

Principal Global Investors - Emerging Markets Equity Fund

. Details of transactions with Associates in terms of Regulation 25(8):

i) Brokerage Paid to associates/related parties/group companies of sponsor/AMC:For the half year ending March 31, 2018 - NilFor the half year ending September 30, 2017 - Nil

ii) Commission paid to associates/related parties/group companies of Sponsor/ Asset Management Company (AMC) for distribution of units:

Name of Nature of October 01, 2017/ Launch date to March 31, April 01, 2017/ Launch date to September 30,associate/related Association / 2018/Maturity date 2017/Maturity date

parties/ Nature ofgroup companies of Relation

Sponsor/AMC Business given (Rs. Crore & Commission paid Commission paid

% of total business received ( Rs. Crore & % of ( Rs. Crore & % of

by the fund) total commission by the fund) total commissionpaid by the fund) paid by the fund)

Punjab National Bank 3870.53(17.01%) 2.56(10.19%) 4142.90(25.77%) 3.31(20.85%)

Principal Retirement Advisors Pvt. Ltd 5.02(0.02%) 0.08(0.44%) 1.35(0.01%) 0.07(0.55%)

iii) Subscription by Schemes of Principal Mutual Fund into the issues on private placement basis where the sponsor or its associate companies have acted as arranger or manager - Nil

iv) Any underwriting obligations undertaken by the schemes of the mutual funds with respect to issue of securities associate companies - Nil.

v) Devolvement, if any - Nil.

vi) Subscription by the schemes in the issues lead managed by associate companies - Nil.

.

.

Scheme Name No. of Investor(s) % HoldingPrincipal Short Term Income Fund 1 25.01Principal Asset Allocation Fund of Funds - Conservative Plan 1 25.41Principal Money Manager Fund 1 26.05Principal Asset Allocation Fund of Funds - Aggressive Plan 1 25.19Principal Credit Opportunities Fund 1 41.67

. Deferred revenue expenditure in Principal Mutual Fund Schemes as on March 31, 2018 - Nil.

.

Principal Emerging Bluechip Fund Principal Large Cap Fund Principal Balanced FundPrincipal Low Duration Fund Principal Equity Savings Fund Principal Index Fund - NiftyPrincipal Credit Opportunities Fund Principal Money Manager Fund Principal Asset Allocation Fund of Funds Conservative PlanPrincipal Global Opportunities Fund Principal Debt Savings Fund Principal Asset Allocation Fund of Funds Aggressive PlanPrincipal Short Term Income Fund Principal Smart Equity Fund Principal Asset Allocation Fund of Funds Moderate PlanThe changes in the scheme features based on the approval from SEBI are in the process of being carried out in SID and KIM.

Business given (Rs. Crore &

% of total business received

Company Holding 21.38% stake in the Investment Manager of the Schemes of the Fund

Associate of Investment Manager

Note :Commission paid to associates has been disclosed on payment basis and business given indicates Gross Mobilisation (net of rejections, if any) during the corresponding period for which the commission paid has been disclosed

Details of investments made in companies which have invested more than 5% of NAV of a scheme in terms of Regulation 25(11), are given in Annexure II.

Details of large holdings (over 25 per cent of the NAV of the scheme), if applicable, including information about the number of such investors and total holdings by them in percentage terms:

Pursuant to SEBI circular no. SEBI/HO/IMD/DF3/CIR/P/2017/114 dated October 6, 2017 pertaining to Categorization and Rationalization of Mutual Fund Schemes, SEBI has approved fundamental attribute changes in the following schemes of Principal Mutual Fund:

. The Unaudited financial results for the half-year ended March 31, 2018 have been approved by the Board of Directors of Principal PNB Asset Management Company Pvt Ltd. and Principal Trustee Company Pvt. Ltd. on April 26, 2018 and April 27, 2018 respectively.

Documents

[XLS] · Web viewv) Devolvement, if any - Nil. vi) Subscription by the schemes in the issues lead managed by associate companies - Nil. Details of investments made in companies which