factsheet - may2015 capital requirements. on the other hand, metals stocks were hit by lower...

PRODUCT SUITABILITY

Scheme Names This product is suitable for investors who are seeking~ Product Label Pg. No.

Principal Large Cap Fund • Long term Capital Growth. • Investment in equity & equity related securities High Risk (Brown) 8(An Open-ended Equity Scheme) including equity derivatives of large capitalization Companies

Principal Emerging Bluechip Fund • Long term Capital Growth. • Investment in equity & equity related securities High Risk (Brown) 9(An Open-ended Equity Scheme) including equity derivatives of mid & small capitalization Companies.

Principal Growth Fund • Long term Capital Growth. • Investment in equity & equity related securities High Risk (Brown) 10(An Open-ended Equity Scheme) including equity derivatives of companies across market capitalization.

Principal Dividend Yield Fund • Long term Capital Growth. • Investment in equity & equity related securities High Risk (Brown) 11(An Open-ended Equity Scheme) including equity derivatives of high dividend yield Companies.

Principal Index Fund - Nifty • Long term Capital Growth. • Investment in equity securities High Risk (Brown) 12(An Open-ended Index Scheme) including equity derivatives of CNX Nifty (NSE) Companies.

Principal Index Fund - Midcap • Long term Capital Growth. • Investment in equity securities High Risk (Brown) 13(An Open-ended Index Scheme) including equity derivatives of CNX Midcap Index.

Principal SMART Equity Fund • Long term Capital Growth. • Investment in equity & equity related securities High Risk (Brown) 14(An Open-ended Equity Scheme) including equity derivatives of large capitalization Companies as well as

Debt/Money Market securities through a systematic allocation of Fundsbetween Equity & Debt on the basis of the Price Earnings Ratio of CNX Nifty.

Principal Personal Tax Saver Fund • Long term Capital Growth with a three year lock-in. High Risk (Brown) 15(An Open-ended Equity Linked Savings Scheme) • Investment in equity & equity related securities including equity derivatives of

large capitalization Companies.

Principal Tax Savings Fund • Long term Capital Growth with a three year lock-in. High Risk (Brown) 16(An Open-ended Equity Linked Savings Scheme) • Investment in equity & equity related securities including equity derivatives of

companies across market capitalization.

Principal Balanced Fund • Income and Long term Capital Growth. • Investment in equity & equity Medium Risk (Yellow) 17(An Open-ended Balanced Scheme) related securities, debt/money market securities as well as derivatives.

Principal Debt Savings Fund - MIP • Income and Capital Growth over a medium term investment horizon. Medium Risk (Yellow) 18An Open-ended Income Fund • Investment primarily in debt/money market securities with exposure in(Monthly Income is not assured and is subject equity & equity related instruments including equity derivatives.to the availability of distributable surplus)

Principal Government Securities Fund • Income over a long term investment horizon. Low Risk (Blue) 19(An Open-ended dedicated Gilt Scheme • Investment in Government Securities.investing in Government Securities)

Principal Income Fund - Long Term Plan • Income over a long term investment horizon. Low Risk (Blue) 20(An Open-ended Income Scheme) • Investment in Debt & Money Market Instruments.

Principal Debt Opportunities Fund - • Income over a long term investment horizon. Low Risk (Blue) 21Corporate Bond Plan • Investment in Debt & Money Market Instruments of Private &(An Open-ended Debt Scheme) Public Sector Companies.

Principal Income Fund - Short Term Plan • Income over a medium term investment horizon. Low Risk (Blue) 22(An Open-ended Income Scheme) • Investment in Debt & Money Market Instruments.

Principal Bank CD Fund • Income over a medium term investment horizon. Low Risk (Blue) 23(An Open-ended Debt Scheme) • Investment in Bank CDs, Debt & Money Market Instruments.

Principal Debt Opportunities Fund - • Income over a short term investment horizon. Low Risk (Blue) 24Conservative Plan (An Open-ended Debt Scheme) • Investment in Debt & Money Market Instruments.

Principal Cash Management Fund • Income over a short term investment horizon. • Investment in Debt & Low Risk (Blue) 25(An Open-ended Liquid Scheme) Money Market Instruments, with maturity not exceeding 91 days.

Principal Global Opportunities Fund • Long term Capital Growth. High Risk (Brown) 26(An Open-ended Fund of Funds Scheme) • Investment in overseas mutual fund schemes.

Principal Retail Money Manager Fund • Income over a short term investment horizon. Low Risk (Blue) 26(An Open-ended Debt Scheme) • Investment in Debt & Money Market Instruments.

Principal Debt Savings Fund - Retail Plan • Income over a long term investment horizon. Low Risk (Blue) 27(An Open-ended Income Scheme) • Investment in Debt & Money Market Instruments.

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

Note: Risk may be represented as: Investors understand that their principal will be at Low Risk (Blue);

Investors understand that their principal will be at Medium Risk (Yellow);

Investors understand that their principal will be at High Risk (Brown)

INVEST KNOWHOW May 20153

Debt Markets

Fund Manager Commentary

May 2015

Fixed Income Update for May 2015

Key Market Highlights:

• Yields exhibited a mixed trend during the month with gilt and money market

yields falling and corporate bond yields rising. A new ten year benchmark G-sec

was introduced which was issued 17-18 bps lower to the existing benchmark at

7.72%. It ended the month at 7.64%.

• Brent Crude oil prices exhibited stability and ended the month at USD 63.89 per

barrel.

• INR exhibited weakening trend and closed the month at 63.82 as compared to

63.42 in March end. For the month of May, FIIs turned sellers in the debt market

with net sales of ` 6700 crores.

• The ten year AAA Corporate bond benchmark closed at 8.40%, 3 bps lower than

previous month. The five year AAA corporate bond benchmark closed at 8.40%,

3 bps higher as compared to previous month.

• US treasury yields further rose during the month with the ten year US Treasury

trading at 2.12%, 10 bps higher than previous month.

• 1 year CD rates fell by 22 bps to close at 8.17%. 1 year T-bill rate fell 14 bps to

close at 7.76%.

• April WPI data release came at -2.65% as compared to -2.33% as in previous

month. CPI for April came at 4.87% compared to 5.25% in previous month.

• March industrial production (IIP) growth rose to 2.1% yoy reflecting some pickup

in industrial activity.

• Liquidity deficit during the month increased and averaged ` 1,05,000 crore as

compared to ` 83,000 crore approx in the previous month combined for daily LAF,

term LAF and MSF. Overnight rates remained stable around 7.50% -7.70%

during the month.

Outlook:

• We expect RBI to reduce key rates by 25 bps and also cut SLR but 25 bps in the

forthcoming Monetary Policy Review.

• We expect the new ten year benchmark G-sec to trade in a range of 7.55% to

7.75% during the month. The five year AAA PSU corporate bond benchmark is

expected to trade in a range of 8.25 to 8.50%.

• Banking system liquidity deficit is expected to be lower on account of higher gilt

maturities in the range of ` 60,000 crore to 80,000 crore for the month.

• Short term money market yields upto 3 month maturity are expected to remain

range bound barring any unforeseen tightness in liquidity. We expect the 3 month

CD rate to trade in range of 7.75-8.30%. Rates may trade towards the lower band

if rate cut happens.


Fund Manager Commentary

Equity Markets

Review of Equity Market for the Month of May 2015

The equity markets were up in the month of May, after the weak performance in the

last two months. The Nifty, Sensex and MSCI India (in USD), were all up about 3%

during the month. MSCI India outperformed both MSCI EM (-4%) and MSCI Asia Pac

Ex-Japan (-3%). In sector performance, the IT, Automobiles and Oil and Gas sectors

outperformed, while metals, consumer goods and financials didn't fare as well. IT stocks

were boosted by continued weakness in the Rupee, and Cognizant delivering strong

results. In auto stocks, two wheeler stocks did particularly well during the month.

The performance of the oil and gas companies was driven by the OMCs as Refining

margins improved, and lower crude prices meant lower under recoveries and lower

working capital requirements. On the other hand, metals stocks were hit by lower

commodity prices during the month, (Aluminum was down 12%, with Zinc down 8%

and Copper 6% respectively. This was partly a result of the stronger Dollar (the DXY

was up by 2.4% during the month). Financials were impacted by continuing asset

quality issues, with most PSU banks continuing to show stress on their balance sheets.

In global news, the talks between Greece and its creditors continued to linger, while

publicly expressing hope of coming to some sort of an agreement. Greece has payments

due of nearly Euro 9 Billion over the next three months, which is going to be a challenge

unless some agreement is reached. In other interesting news globally, the onshore

Chinese stock markets continued to hit new highs while the corporate results themselves

are under pressure.

In terms of flows, FIIs were net sellers to the tune of USD 71 million, while both Mutual

Funds (USD 725 million) and Insurance companies (USD 978 million) were buyers.

FIIs have now invested about USD 7.1 Billion CYTD into India.

The big event which the markets were watching for in the month were the Q4 and FY15

full year results, looking for any signs of improvement in corporate performance.

The markets were disappointed however with the numbers. The net profits of the Nifty

index companies declined 14% yoy. The sectors which disappointed most were PSU

Banks, Metals, Cement and select Pharmaceutical and IT companies. However, we expect

earnings cuts to moderate going forward, given the sharp decline in the last two quarters

already, and hopes of some recovery in economic activity as result of government action

in past few months. In addition, the metals companies and elect oil companies would

be helped by the lower metal/ oil prices which will be the base going forward.

There were no major surprises on the macroeconomic data front, with both CPI (4.9%)

and WPI (-2.7%) being under control. The food prices remained under control, in spite

of unseasonal rains earlier in April. However, the RBI is slightly more circumspect on

inflation going forward given predictions of a weak monsoon by the Met department.

If the monsoon is indeed poor, not only will it impact inflation, but also demand from

the rural areas, which is already dampened. In addition, it could also have a second

impact as the government may have to spend extra funds in these areas which would

impact the fiscal deficit and lead to expenditure compression elsewhere particularly if

growth in taxes is moderate given weak corporate performance.

In line with recent trends, the trade deficit came in at USD 10.8 Billion, with exports

shrinking 14% yoy. Imports shrank 7.5%, though removing oil/ gold imports, they grew

about 6.7% yoy.

The only macroeconomic data surprise was the Q4FY15 GDP growth estimate of 7.5%,

making India probably the fastest growing economy in the world. This doesn’t square

with poor corporate earnings, weak investment cycle and weak consumer demand, and

constant demand for rate cuts to spur the economy.

During the month we bought or added to our positions in Glenmark Pharmaceuticals,

Amara Raja Batteries, Axis Bank, Bajaj Auto, Bata India, Cipla, Coal India, Cyient, Gateway

Distriparks, HCL Technologies, Hindustan Petroleum, Hindustan Zinc, Mold-Tek Packaging,

Orient Cement, Ramkrishna Forgings, Tata Consultancy Services, Tata Motors, Torrent

Pharmaceuticals, Voltas and Yes Bank among other stocks.

We sold or reduced our positions in Bharat Forge, Birla Corporation, Crompton Greaves,

Divis Laboratories, Eicher Motors, Indraprastha Gas, ITC Ltd., ICICI Bank, Indiabulls

Housing Finance, JK Cement, Karur Vysya Bank, Lupin, Maruti Suzuki India, Motherson

Sumi Systems, Shree Cement, Tata Communications, Tech Mahindra and UPL among

other stocks.

May 2015

PERFORMANCE AS ON MAY 29, 2015*

Index 1 Month 3 Months 6 Months 1 Year(%) (%) (%) (%)

Broad Markets

CNX Nifty Index 8434 3.08 -5.26 -1.79 16.56

S&P BSE Sensex 27828 3.03 -5.22 -3.00 14.83

S&P BSE 100 8551 2.75 -4.94 -1.08 16.40

S&P BSE 200 3533 3.14 -3.86 0.64 19.76

S&P BSE 500 11024 3.06 -3.76 0.61 19.84

S&P BSE MID CAP 10716 2.88 -0.14 7.78 31.53

S&P BSE SMALL CAP 11281 3.08 -1.86 1.18 27.62

Sectoral Performance

S&P BSE AUTO 19080 4.07 -4.52 -0.73 31.89

S&P BSE Bankex 21512 2.29 -4.70 1.40 24.87

S&P BSE CG 16802 1.71 -5.50 2.61 14.37

S&P BSE CD 10666 2.78 2.68 10.51 35.82

S&P BSE FMCG 7847 3.15 -3.62 2.28 17.84

S&P BSE METAL 9728 -0.74 -7.96 -13.88 -20.52

S&P BSE Oil & Gas 9643 4.78 -0.44 -11.58 -11.28

S&P BSE PSU 7816 3.30 -3.54 -7.04 -3.48

S&P BSE Teck 6122 5.63 -4.70 -0.59 27.40

S&P BSE HC 16900 4.41 7.07 13.80 67.36

*Performance for less than one year period are absolute returns and more than one year arecompounded annualized returns.

Source - MFI Explorer


Funds at a Glance

EQUITY SCHEMES

Particulars Principal Principal Personal Principal Principal Principal Debt Savings Fund -SMART Equity Fund Tax Saver Fund Tax Savings Fund Balanced Fund Monthly Income Plan

Nature of the An Open-ended An Open-ended Equity An Open-ended Equity An Open-ended An Open-ended Income FundScheme Equity Scheme Linked Savings Scheme Linked Savings Scheme Balanced Scheme (Monthly Income is not assured

and is subject to the availabilityof distributable surplus)

Allotment Date- Regular Plan December 16, 2010 March 31, 1996 March 31, 1996 January 14, 2000 May 23, 2002

- Direct Plan January 2, 2013 January 2, 2013 January 2, 2013 January 2, 2013 January 2, 2013

Investment Plans / Regular Plan & Direct Plan. Regular Plan & Direct Plan. Regular Plan & Direct Plan. Regular Plan and Direct Plan. Regular Plan & Direct Plan.Options Both the Plans offer Growth & Both the Plan do not have Both the Plan do not have Both the Plans offer Growth & Both the Plans offer

Half Yearly Dividend Option. any options at present. any options at present. Half Yearly Dividend Option. Dividend & Growth Option.Half Yearly Dividend Option Half Yearly Dividend Option Dividend Frequencies -under both the Plans offers under both the Plan offers Monthly / Quarterlyfacility of Payout, Reinvestment facility of Payout,Reinvestmentand Sweep. and Sweep.

Fund Manager & Anupam Tiwari Anupam Tiwari P.V.K. Mohan P.V.K. Mohan Pankaj JainManaging the July 2011 July 2011 September 2010 May 2010 January 2012Current Fund from

Total Investment 10 years 10 years 21 years 21 years 12 yearsExperience

Benchmark Crisil Balanced Fund Index S&P BSE 100 Index S&P BSE 200 Index Crisil Balanced Fund Index Crisil MIP Blended Index

Minimum New Investor: ` 5,000 New Investor: ` 500 New Investor: ` 500 New Investor: ` 5,000 New Investor: ` 5,000Application Amount Existing Investor: ` 1,000 Existing Investor: ` 500 Existing Investor: ` 500 Existing Investor: ` 1,000 Existing Investor: ` 1,000

Cut Off Time# 3.00 pm 3.00 pm 3.00 pm 3.00 pm 3.00 pm

Exit Load 1% if redeemed Nil Nil If redeemed on or before 1 Year from the(including SIP /STP / within 1 year from the date of allotment - 1%.SWP, if available) date of allotment.

SIP Available

SWP / STP Available Available after lock-in period Available Available

Minimum No. & 6 installment of 6 installments of ` 500/- each. 6 installment of SIP - ` 2,000/- each, STP - ` 1,000/- eachAmt. of SIP/SWP/STP SIP - ` 2,000/- each, & SWP - ` 500/- each.(if available) STP - ` 1,000/- each &

SWP - ` 500/- each.

EQUITY SCHEME EQUITY LINKED SAVINGS SCHEME (ELSS)^ TARGET RISK FUNDS

Particulars Principal Principal Emerging Principal Principal Principal PrincipalLarge Cap Fund Bluechip Fund Growth Fund Dividend Yield Fund Index Fund - Nifty Index Fund - Midcap

Nature of the An Open-ended An Open-ended An Open-ended An Open-ended An Open-ended An Open-endedScheme Equity Scheme Equity Scheme Equity Scheme Equity Scheme Index Scheme Index Scheme

Allotment Date- Regular Plan November 11, 2005 November 12, 2008 October 25, 2000 October 15, 2004 July 27, 1999 May 12, 2014

- Direct Plan January 2, 2013 January 2, 2013 January 2, 2013 January 2, 2013 January 2, 2013 May 12, 2014

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

both the Plans offers facility of Payout,Reinvestment and Sweep.

Fund Manager & Anupam Tiwari Dhimant Shah P.V.K. Mohan Dhimant Shah Rupali Pandit Rupali PanditManaging the July 2011 June 2011 September 2010 December 2011 October 2012 May 2014Current Fund from

Total Investment 10 years 23 years 21 years 23 years 19 years 19 yearsExperience

Benchmark S&P BSE 100 Index CNX Midcap Index S&P BSE 200 Index CNX Dividend CNX Nifty Index CNX Midcap IndexOpportunities Index

Minimum New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000Application Amount Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000

Cut Off Time# 3.00 pm 3.00 pm 3.00 pm 3.00 pm 3.00 pm 3.00 pm

Exit Load If redeemed on or before 1 Year from the 1% - If redeemed within If redeemed on or before 1% - if redeemed on or before 90 days(including SIP /STP / date of allotment - 1% 365 days from the 1 Year from the from the date of allotment;SWP, if available) date of allotment. date of allotment - 1% Nil - if redeemed after 90 days from the

Nil - If redeemed after date of allotment.365 days from thedate of allotment.

SIP / SWP / STP Available

Minimum No. & 6 installments of SIP - ` 2,000/- each, STP - ` 1,000/- each & SWP - ` 500/- each.Amt. of SIP/SWP/STP(if available)

# In respect of purchase/switch-in of units in any of the Schemes (other than Liquid Schemes) for an amount equal to or more than ` 2 Lakhs, the closing NAV (Net Asset Value) of the day shall be applicable subject to realisationof the funds upto 3.00 p.m. and receipt of application (duly time stamped). ^ Lock-in of 3 years.


Funds at a Glance (Contd.)

Particulars Principal Government Principal Income Fund - Principal Debt Opportunities Principal Income Fund - PrincipalSecurities Fund Long Term Plan Fund - Corporate Bond Plan Short Term Plan Bank CD Fund

Nature of the An Open-ended dedicated An Open-ended An Open-ended An Open-ended An Open-endedScheme Gilt Scheme investing in Income Scheme Debt Scheme Income Scheme Debt Scheme

Government Securities

Allotment Date- Regular Plan August 23, 2001 May 09, 2003 September 14, 2004 May 09, 2003 November 6, 2007


Investment Plans / Regular Plan and Direct Plan.Options Both the Plans offer Dividend & Growth Option.

Dividend Frequencies Quarterly / Annual Quarterly / Annual Monthly Monthly Monthly

Fund Manager & Bekxy Kuriakose Bekxy Kuriakose Bekxy Kuriakose Gurvinder Singh Wasan Gurvinder Singh WasanManaging the October 2012 Janaury 2013 Janaury 2013 April 2011 April 2011Current Fund from


Benchmark I-Sec Composite Index Crisil Composite Bond Crisil Liquid Fund Index CRISIL Short-Term Bond Crisil Liquid Fund IndexFund Index Fund Index

Minimum New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000Application Amount Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000

Cut Off Time

Subscription# 3.00 pm 3.00 pm 3.00 pm 3.00 pm 3.00 pm

Redemption 3.00 pm 3.00 pm 3.00 pm 3.00 pm 3.00 pm

Exit Load Nil If redeemed on or 0.50% - if redeemed on or If redeemed within 1% - if redeemed within 180(including SIP /STP / before 1 Year from the before 90 days from the 30 days from the days from the date of allotment;SWP, if available) date of allotment - 1%. date of allotment; date of allotment - 0.50% 0.50% - if redeemed after

Nil - if redeemed after 90 days 180 days but within 270 daysfrom the date of allotment. from the date of allotment;

0.25% - if redeemed after270 days but within 365 daysfrom the date of allotment;Nil - if redeemed after 365 daysfrom the date of allotment.


Minimum number 6 installments of SIP - ` 2,000/- each, STP - ` 1,000/- each & SWP - ` 500/- each.& Amount of SIP/SWP/STP (if available)

DEBT SCHEMES

# In respect of purchase/switch-in of units in any of the Schemes (other than Liquid Schemes) for an amount equal to or more than ̀ 2 Lakhs, the closing NAV (Net Asset Value) of the day shall be applicable subject to realisationof the funds upto 3.00 p.m. and receipt of application (duly time stamped).


Particulars Principal Debt Opportunities Principal Principal Retail Principal Debt Savings Principal GlobalFund - Conservative Plan Cash Management Fund Money Manager Fund~ Fund - Retail Plan~ Opportunities Fund

Nature of the An Open-ended Debt Scheme An Open-ended Liquid Scheme An Open-ended Debt Scheme An Open-ended Income Fund An Open-endedScheme Fund of Funds Scheme

Allotment Date- Regular Plan September 14, 2004 August 30, 2004 December 28, 2007 December 30, 2003 March 29, 2004


Investment Plans/ Regular Plan and Direct Plan. Regular Plan and Direct Plan. Growth & Dividend Regular Plan and Direct Plan. Regular Plan & Direct Plan.Options/ Both the Plans offer Both the Plans offer Both the Plans offer Both the Plans offer Both the Plans offer

Dividend & Growth Option. Dividend & Growth Option. Dividend & Growth Option. Dividend~ and Growth Option. Growth & Dividend Option.Dividend Frequencies Dividend Frequency - Dividend Frequency - Dividend Frequency - Dividend Frequency - Dividend Option under both

Daily / Weekly / Monthly Daily / Weekly / Monthly Regular Plan~: Monthly / Quarterly the Plan offers facility ofDaily / Weekly / Monthly. Payout, Reinvestment andDirect Plan: Monthly Sweep.(Reinvestment)

Fund Manager & Pankaj Jain Pankaj Jain Pankaj Jain Pankaj Jain Rajat JainManaging the January 2012 January 2012 January 2012 January 2012 March 2004Current Fund from


Benchmark Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Short Term MSCI World IndexBond Fund Index

Minimum New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 10,000Application Amount Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000

Cut Off TimeSubscription# 3.00 pm 2.00 pm 3.00 pm 3.00 pm 12.30 pm

Redemption 3.00 pm 3.00 pm 3.00 pm 3.00 pm 12.30 pm

Exit Load 0.25% - if redeemed Nil Nil If redeemed on or before If redeemed on or before(including SIP /STP / on or before 15 days from the 30 days from the 1 Year from theSWP, if available) date of allotment; date of allotment - 1%. date of allotment - 1%.

Nil - if redeemed after 15 daysfrom the date of allotment.(w.e.f. June 5, 2015)


Minimum number 6 installments of SIP - ` 2,000/- each, STP - ` 1,000/- each & SWP - ` 500/- each.& Amount of SIP/SWP/STP (if available)

DEBT SCHEMES RETAIL SCHEMESLIQUID SCHEME*

* In respect of Liquid Scheme(s) NAV applicable shall be subject to receipt of valid application/switch-in request at the OPT and credit of entire subscription/switch-in amounts into the Bank Account of the concerning Scheme(s)/Plan(s) and funds are available for utilization by the Scheme(s)/Plan(s), within relevant cut-off time as applicable to the relevant Scheme(s)/Plan(s).# In respect of purchase/switch-in of units in any of the Schemes (other than Liquid Schemes) for an amount equal to or more than ̀ 2 Lakhs, the closing NAV (Net Asset Value) of the day shall be applicable subject to realisationof the funds upto 3.00 p.m. and receipt of application (duly time stamped).~ Subscriptions (by way of purchase / switch in or in any mode) is restricted only for individual investors (including HUFs, Association of Persons & where an individual is an ultimate beneficiary). Further, (a) Daily & Weekly DividendOption and the Payout & Sweep facility to Monthly Dividend Option under Regular Plan of Principal Retail Money Manager Fund and (b) Dividend Option under Regular Plan of Principal Debt Savings Fund - Retail Plan. Direct Planunder the Scheme do not offer this Options.

Funds at a Glance (Contd.)

FUND OF FUNDS SCHEME


Principal Large Cap Fund (An open-ended equity scheme)

FUND FEATURES

QAAUM (For the period January to March 2015):` 320.44 crore

NAV per unit (As on May 29, 2015)Direct Plan Regular Plan

Growth Option : ` 47.33 ` 46.65Dividend Option (Half yearly) : ` 28.58 ` 28.26

INVESTMENT OBJECTIVETo provide capital appreciation and /or dividend distribution by predominantly investingin companies having a large market capitalization.

DIVIDEND UPDATE

Date Regular Plan Direct Plan

Dividend Cum Dividend Cum(`̀̀̀̀/Unit)* Dividend (`̀̀̀̀/Unit)* Dividend

NAV NAV

December 29, 2014 3.5700 30.79 3.6900 31.15

June 24, 2010 1.5000 20.2200 N.A. N.A.

July 28, 2009 2.0000 17.6700 N.A. N.A.

February 5, 2008 2.0000 23.5600 N.A. N.A.

May 15, 2007 1.5000 17.7600 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.

RATIOS & OTHER DETAILS (As on May 31, 2015)

Standard Deviation^ (Annualised) 14.90%

Beta^ 0.96

Sharpe Ratio^ (Annualised) 0.88

Portfolio Turnover Ratio** 0.63

Expense Ratio (Regular Plan)#+ 2.53%

Note: ^ The above measures have been calculated by taking rolling returns for a 3 yearperiod with 7.8519% risk free rate of return (91 days - T Bill Rate as on May. 27, 2015).** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases madeduring the 12 month rolling year/period divided by the 12 month rolling year/period Averageasset under Management for the relevant year/period.# Calculated as year to date ratio to average AUM, excluding service tax on management fees.+ Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc.and no commission for distribution of Units will be paid / charged under the Direct Plan.

MARKET CAP ALLOCATION (As on May 31, 2015)

% of NAV

Equity & Equity Related Instruments of Large Cap Companies 92.75

Equity & Equity Related Instruments of Mid Cap & Other Companies –

Cash and Other Assets 7.25

PORTFOLIO (As on May 31, 2015)

Instrument Industry % of NAV

Equity 92.75

Tata Motors Auto 5.56

Infosys Software 5.47

HDFC Bank Banks 5.28

ICICI Bank Banks 4.35

Axis Bank Banks 4.33

Housing Development Finance Corporation Finance 3.99

Larsen & Toubro Construction Project 3.59

HCL Technologies Software 3.35

22.27%

13.04%

9.81%

9.73%

8.89%

5.89%

4.78%

3.99%

3.59%

2.24%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00%

Banks

Software

Consumer Non Durables

Auto

Pharmaceuticals

Petroleum Products

Cement

Finance

Construction Project

Auto Ancillaries

ITC Consumer Non Durables 3.16

Divi's Laboratories Pharmaceuticals 3.16

Tata Consultancy Services Software 3.15

Britannia Industries Consumer Non Durables 2.78

Maruti Suzuki India Auto 2.64

Bharat Petroleum Corporation Petroleum Products 2.51

Shree Cements Cement 2.45

Reliance Industries Petroleum Products 2.42

Motherson Sumi Systems Auto Ancillaries 2.24

Sun Pharmaceuticals Industries Pharmaceuticals 2.17

IndusInd Bank Banks 2.07

Yes Bank Banks 1.98

Abbott India Pharmaceuticals 1.66

Kotak Mahindra Bank Banks 1.63

Adani Ports and Special Economic Zone Transportation 1.63

UltraTech Cement Cement 1.47

Dish TV India Media & Entertainment 1.37

The Federal Bank Banks 1.36

Aditya Birla Nuvo Services 1.34

Asian Paints Consumer Non Durables 1.33

Colgate Palmolive (India) Consumer Non Durables 1.33

State Bank of India Banks 1.27

Bajaj Auto Auto 1.10

National Aluminium Company Non - Ferrous Metals 1.09

Hexaware Technologies Software 1.07

Dr. Reddy's Laboratories Pharmaceuticals 0.97

Hindustan Petroleum Corporation Petroleum Products 0.96

Tata Communications Telecom - Services 0.95

Cipla Pharmaceuticals 0.93

Century Textiles & Industries Cement 0.86

D.B.Corp Media & Entertainment 0.82

The Indian Hotels Company Hotels, Resorts &Other Recreational Activities 0.76

Kaveri Seed Company Consumer Non Durables 0.74

Coal India Minerals/Mining 0.56

Nestle India Consumer Non Durables 0.47

Tata Motors - A Class Auto 0.43


Net Assets 100.00

SECTOR ALLOCATION (TOP 10) (As on May 31, 2015)

(% of NAV)


Principal Emerging Bluechip Fund (An open-ended equity scheme)

13.69%

9.56%

9.07%

9.03%

5.89%

5.03%

4.69%

4.20%

3.99%

3.86%

0.00% 4.00% 8.00% 12.00% 16.00%

Banks

Pharmaceuticals

Industrial Products

Auto Ancillaries

Cement



Auto

Finance

Software

FUND FEATURES

QAAUM (For the period January to March 2015): ` 464.64 crore



INVESTMENT OBJECTIVE: To achieve long-term capital appreciation by investingin equity & equity related instruments of Mid Cap & Small Cap companies.

DIVIDEND UPDATE

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

NAV NAVDecember 29, 2014 5.5000 48.48 – –

October 15, 2010 1.0000 27.4300 N.A. N.A.

June 19, 2009 4.0000 19.3500 N.A. N.A.




Beta^ 0.88





MARKET CAP ALLOCATION (As on May 31, 2015)

% of NAVEquity and equity related instruments of Mid Cap Companies 85.54

Equity and equity related instruments of Small Cap Companies 5.79

Equity and equity related instruments of Companies other thanMid & Small Cap 5.94

Cash and Money Market / Fixed Income Securities(including MIBOR Linked Short Term Papers & Securitised Debt) 1.34

Mutual Funds 0.68

Derivatives 0.71

Market Cap Range for CNX Midcap StocksAs on Mar. 31, 2015 ` ` ` ` ` 86,070.92 Cr – `̀̀̀̀ 3,251.52 Crs


Instrument Industry % of NAVEquity 97.27Eicher Motors Auto 4.20Amara Raja Batteries Auto Ancillaries 3.31Aurobindo Pharma Pharmaceuticals 3.21Yes Bank Banks 3.15Motherson Sumi Systems Auto Ancillaries 3.03The Federal Bank Banks 2.60IndusInd Bank Banks 2.53Tech Mahindra Software 2.53Shree Cements Cement 2.52Hindustan Petroleum Corporation Petroleum Products 2.46UPL Pesticides 2.45ICICI Bank Banks 2.45Britannia Industries Consumer Non Durables 2.43Gateway Distriparks Transportation 2.39Sadbhav Engineering Construction Project 2.29 (% of NAV)

Bharat Forge Industrial Products 2.28Kaveri Seed Company Consumer Non Durables 2.26Symphony Consumer Durables 1.97Glenmark Pharmaceuticals Pharmaceuticals 1.94Divi's Laboratories Pharmaceuticals 1.94Orient Cement Cement 1.85SRF Textile Products 1.79Ramkrishna Forgings Industrial Products 1.67Cummins India Industrial Products 1.63Aditya Birla Nuvo Services 1.59Kotak Mahindra Bank Banks 1.52MRF Auto Ancillaries 1.51Torrent Pharmaceuticals Pharmaceuticals 1.45Power Finance Corporation Finance 1.44Indiabulls Housing Finance Finance 1.42Voltas Construction Project 1.41AIA Engineering Industrial Products 1.32Kalpataru Power Transmission Power 1.31Finolex Cables Industrial Products 1.27Tata Chemicals Chemicals 1.19Cyient Software 1.18Dynamatic Technologies Auto Ancillaries 1.18Bata India Consumer Durables 1.14SKS Microfinance Finance 1.13JK Cement Cement 1.13Gujarat State Petronet Gas 1.10Inox Wind Industrial Capital Goods 1.09Pidilite Industries Chemicals 1.03Sun Pharmaceuticals Industries Pharmaceuticals 1.02National Buildings Construction Corporation Construction 1.01Atul Chemicals 1.01Tata Communications Telecom - Services 0.95CESC Power 0.92Arvind Textile Products 0.91Mold-Tek Packaging Industrial Products 0.90Kajaria Ceramics Construction 0.83Transport Corporation of India Transportation 0.82D.B.Corp Media & Entertainment 0.81Ashoka Buildcon Construction Project 0.81Hindustan Zinc Non - Ferrous Metals 0.79Texmaco Rail & Engineering Industrial Capital Goods 0.70Supreme Infrastructure India Construction Project 0.52Karur Vysya Bank Banks 0.49Axis Bank Banks 0.48State Bank of India Banks 0.47Century Textiles & Industries Cement 0.39Just Dial Software 0.15Derivatives 0.71State Bank of India Jun 2015 Stock Futures 0.39Just Dial Jun 2015 Stock Futures 0.32Investment Funds/Mutual Funds 0.68Principal Index Fund - Midcap -Direct Plan - Growth Mutual Funds 0.68Cash and Other Assets 1.34Net Assets 100.00



Principal Growth Fund (An open-ended equity scheme)

FUND FEATURES




INVESTMENT OBJECTIVE: To achieve long-term capital appreciation.

DIVIDEND UPDATE


NAV NAV

December 29, 2014 4.8800 41.86 2.6200 42.36

December 31, 2007 2.5000 37.1400 N.A. N.A.

March 20, 2006 2.5000 24.6400 N.A. N.A.




Beta^ 1.08







Equity 93.84








Dewan Housing Finance Corporation Finance 2.50




PC Jeweller Consumer Durables 2.24




Aurobindo Pharma Pharmaceuticals 2.13


JK Cement Cement 1.98



Power Finance Corporation Finance 1.74

Ashoka Buildcon Construction Project 1.67

17.26%

11.15%

8.18%

6.91%

6.64%

6.57%

6.06%

5.20%

4.19%

2.89%

0.00% 5.00% 10.00% 15.00% 20.00%

Banks

Software

Auto

Cement

Finance


Pharmaceuticals


Petroleum Products

Non - Ferrous Metals

(% of NAV)





Firstsource Solutions Software 1.29

KEC International Construction Project 1.27

Glenmark Pharmaceuticals Pharmaceuticals 1.26

The India Cements Cement 1.24

Bombay Burmah Trading Corporation Consumer Non Durables 1.24






Jain Irrigation Systems Industrial Products 1.20


The Ramco Cements Cement 1.10

Cyient Software 1.08

Gateway Distriparks Transportation 1.08

UPL Pesticides 1.07

CEAT Auto Ancillaries 1.04

Hindustan Construction Company Construction Project 1.04

Yes Bank Banks 1.04

Indraprastha Gas Gas 1.03

Kalpataru Power Transmission Power 1.02

Prestige Estates Projects Construction 1.02


Bank of Baroda Banks 0.97


United Spirits Consumer Non Durables 0.96

Vedanta Non - Ferrous Metals 0.95

IRB Infrastructure Developers Construction 0.94


SRF Textile Products 0.73

Hindustan Zinc Non - Ferrous Metals 0.70

RattanIndia Power Power 0.67

KPIT Technologies Software 0.48

Ashok Leyland Auto 0.47

Mile Stone Global Construction 0.02

Investment Funds/Mutual Funds 0.94

Principal Index Fund - Midcap -Direct Plan - Growth Mutual Funds 0.94


Net Assets 100.00



17.54%

16.44%

11.94%

9.06%

8.86%

8.43%

4.03%

3.58%

2.62%

2.49%

0.00% 5.00% 10.00% 15.00% 20.00%

Banks

Auto


Software

Finance

Petroleum Products

Oil

Cement

Industrial Products

Transportation

(% of NAV)

Principal Dividend Yield Fund (An open-ended equity scheme)





Castrol India Petroleum Products 2.17




VST Industries Consumer Non Durables 1.84

Rural Electrification Corporation Finance 1.84



Gujarat State Petronet Gas 1.62

Welspun India Textile Products 1.55

ACC Cement 1.48

IDFC Finance 1.41




PI Industries Pesticides 1.25


Shivam Autotech Auto Ancillaries 1.07

National Buildings Construction Corporation Construction 1.06




Tata Chemicals Chemicals 0.91


Kolte - Patil Developers Construction 0.87





Net Assets 100.00


FUND FEATURES




INVESTMENT OBJECTIVETo provide capital appreciation and / or dividend distribution by investing predominantlyin a well-diversified portfolio of companies that have a relatively high dividend yield.

DIVIDEND UPDATE (REGULAR PLAN)


NAV NAV

December 29, 2014 3.2000 26.47 2.7400 26.76

October 12, 2007 1.5000 15.4400 N.A. N.A.

April 24, 2006 1.5000 15.7200 N.A. N.A.

October 3, 2005 0.7500 13.5100 N.A. N.A.

April 20, 2005 0.5000 11.0900 N.A. N.A.

* On face value of ` 10.Past performance may or may not be sustained in the future.Note: All Dividend (`/Unit) figures are Gross Dividend.



Beta^ 0.84







Equity 99.08

Hero MotoCorp Auto 5.11



Hindustan Unilever Consumer Non Durables 4.39

Oil & Natural Gas Corporation Oil 4.03






Bajaj Holdings & Investment Finance 2.74


Cummins India Industrial Products 2.62

Tech Mahindra Software 2.59

SML Isuzu Auto 2.57


Principal Index Fund - Nifty (An open-ended index scheme)

FUND FEATURES



Growth Option : ` 58.4931 ` 57.8570Dividend Option : ` 34.3758 ` 34.0038

INVESTMENT OBJECTIVETo invest principally in securities that comprise CNX Nifty (NSE) and subject to trackingerrors endeavour to attain results commensurate with the Nifty.


Date Dividend (`̀̀̀̀/Unit)* Cum Dividend NAVDecember 24, 2008 3.7500 15.7934




Beta^ 0.99




Note: ^ The above measures have been calculated by taking rolling returns for a 3 yearperiod with 7.8519% risk free rate of return (91 days - T Bill Rate as on May. 27, 2015).** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases madeduring the 12 month rolling year/period divided by the 12 month rolling year/period Averageasset under Management for the relevant year/period.# Calculated as year to date ratio to average AUM.+ Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc.and no commission for distribution of Units will be paid / charged under the Direct Plan.

TRACKING DEVIATION

0.41%*

* Trailing 12 months ended May 29, 2015 (Annualized).



Equity 99.87














Hindustan Unilever Consumer Non Durables 2.04

Oil & Natural Gas Corporation Oil 1.98

Bharti Airtel Telecom - Services 1.97

Mahindra & Mahindra Auto 1.95


(% of NAV)

24.85%

15.49%

9.37%

8.93%

7.61%

6.52%

5.58%

4.54%

2.87%

2.62%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00%

Banks

Software


Auto

Pharmaceuticals

Finance

Petroleum Products


Cement

Telecom - Services




Lupin Pharmaceuticals 1.47


Wipro Software 1.24


Hero MotoCorp Auto 1.18

Tech Mahindra Software 1.13


Power Grid Corporation of India Power 1.06



Yes Bank Banks 0.96

NTPC Power 0.94

Grasim Industries Cement 0.77

Bharat Heavy Electricals Industrial Capital Goods 0.76


Tata Steel Ferrous Metals 0.73


Bosch Auto Ancillaries 0.70

Idea Cellular Telecom - Services 0.65

Ambuja Cements Cement 0.61

GAIL (India) Gas 0.61

Zee Entertainment Enterprises Media & Entertainment 0.59

Hindalco Industries Non - Ferrous Metals 0.56


ACC Cement 0.47

Tata Power Company Power 0.45

Punjab National Bank Banks 0.38

Cairn India Oil 0.37

NMDC Minerals/Mining 0.34

Bonds & NCDs 0.06

NTPC AAA 0.06


Net Assets 100.00



Principal Index Fund - Midcap (An open-ended index scheme)

FUND FEATURES



Growth Option : ` 14.5559 ` 14.4766Dividend Option : ` 14.5559 ` 14.4766

INVESTMENT OBJECTIVETo invest principally in securities that comprise CNX Midcap Index and subject to trackingerrors endevour to attain results commensurate with the CNX Midcap Index.




** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases madeduring the 12 month rolling year/period divided by the 12 month rolling year/period Averageasset under Management for the relevant year/period.# Calculated as year to date ratio to average AUM.+ Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc.and no commission for distribution of Units will be paid / charged under the Direct Plan.



Equity 99.74Eicher Motors Auto 3.37UPL Pesticides 2.64Indiabulls Housing Finance Finance 2.43Bharat Forge Industrial Products 2.43Britannia Industries Consumer Non Durables 2.39Motherson Sumi Systems Auto Ancillaries 2.35Container Corporation of India Transportation 2.16Glenmark Pharmaceuticals Pharmaceuticals 1.95Siemens Industrial Capital Goods 1.94Divi's Laboratories Pharmaceuticals 1.84Hindustan Petroleum Corporation Petroleum Products 1.78Marico Consumer Non Durables 1.75Ashok Leyland Auto 1.60Aditya Birla Nuvo Services 1.56Shree Cements Cement 1.56Power Finance Corporation Finance 1.56Cadila Healthcare Pharmaceuticals 1.54Bajaj Finserv Finance 1.47Apollo Hospitals Enterprise Healthcare Services 1.47Indian Oil Corporation Petroleum Products 1.41MRF Auto Ancillaries 1.41Pidilite Industries Chemicals 1.36MindTree Software 1.28Oracle Financial Services Software Software 1.24Voltas Construction Project 1.22Piramal Enterprises Pharmaceuticals 1.21Tata Chemicals Chemicals 1.21Mahindra & Mahindra Financial Services Finance 1.17Bajaj Finance Finance 1.16Amara Raja Batteries Auto Ancillaries 1.15Bharat Electronics Industrial Capital Goods 1.14GlaxoSmithKline Consumer Healthcare Consumer Non Durables 1.13ABB India Industrial Capital Goods 1.13Exide Industries Auto Ancillaries 1.12Emami Consumer Non Durables 1.10Crompton Greaves Industrial Capital Goods 1.10Reliance Communications Telecom - Services 1.09Steel Authority of India Ferrous Metals 1.08Havells India Consumer Durables 1.05Oil India Oil 1.04United Breweries Consumer Non Durables 1.01Procter & Gamble Hygiene and Health Care Consumer Non Durables 0.96Jubilant Foodworks Consumer Non Durables 0.95Max India Finance 0.94Tata Global Beverages Consumer Non Durables 0.93Torrent Pharmaceuticals Pharmaceuticals 0.93 (% of NAV)

12.38%

11.31%

10.73%

6.89%

5.96%

5.96%

5.70%

3.75%

3.71%

3.24%

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00%

Finance


Pharmaceuticals

Auto Ancillaries

Banks

Industrial Capital Goods

Auto

Software

Power

Cement

Reliance Infrastructure Power 0.88Karur Vysya Bank Banks 0.87Petronet LNG Gas 0.87Strides Arcolab Pharmaceuticals 0.87Apollo Tyres Auto Ancillaries 0.86DLF Construction 0.84The Indian Hotels Company Hotels, Resorts And Other RecreationalActivities 0.82CRISIL Finance 0.79Canara Bank Banks 0.78SKS Microfinance Finance 0.78JSW Energy Power 0.73TVS Motor Company Auto 0.73IPCA Laboratories Pharmaceuticals 0.71Reliance Capital Finance 0.71The Ramco Cements Cement 0.71Union Bank of India Banks 0.69Jindal Steel & Power Ferrous Metals 0.67Bank of India Banks 0.67Thermax Industrial Capital Goods 0.65Wockhardt Pharmaceuticals 0.65Hindustan Zinc Non - Ferrous Metals 0.63Sun TV Network Media & Entertainment 0.59Reliance Power Power 0.59CESC Power 0.58IRB Infrastructure Developers Construction 0.58Kansai Nerolac Paints Consumer Non Durables 0.58The Great Eastern Shipping Company Transportation 0.57Dewan Housing Finance Corporation Finance 0.56Gujarat State Petronet Gas 0.55Century Textiles & Industries Cement 0.55Biocon Pharmaceuticals 0.53The South Indian Bank Banks 0.53Bata India Consumer Durables 0.51Godrej Industries Consumer Non Durables 0.51Sanofi India Pharmaceuticals 0.50NHPC Power 0.50Tata Communications Telecom - Services 0.49Just Dial Software 0.49MphasiS Software 0.49L&T Finance Holdings Finance 0.48Indraprastha Gas Gas 0.45Torrent Power Power 0.43IDBI Bank Banks 0.43The Karnataka Bank Banks 0.42Jaiprakash Associates Cement 0.42Oriental Bank of Commerce Banks 0.42The Jammu & Kashmir Bank Banks 0.39GMR Infrastructure Construction Project 0.38Allahabad Bank Banks 0.38Syndicate Bank Banks 0.38Jain Irrigation Systems Industrial Products 0.34IFCI Finance 0.33Unitech Construction 0.32KPIT Technologies Software 0.25Cash and Other Assets 0.26Net Assets 100.00



Principal SMART Equity Fund (An open-ended equity scheme)

Kotak Mahindra Bank Banks 0.74UltraTech Cement Cement 0.67Dish TV India Media & Entertainment 0.62The Federal Bank Banks 0.62Aditya Birla Nuvo Services 0.61Colgate Palmolive (India) Consumer Non Durables 0.61Asian Paints Consumer Non Durables 0.60State Bank of India Banks 0.58Bajaj Auto Auto 0.50National Aluminium Company Non - Ferrous Metals 0.50Hexaware Technologies Software 0.49Dr. Reddy's Laboratories Pharmaceuticals 0.45Hindustan Petroleum Corporation Petroleum Products 0.44Tata Communications Telecom - Services 0.43Cipla Pharmaceuticals 0.42Century Textiles & Industries Cement 0.39D.B.Corp Media & Entertainment 0.36The Indian Hotels Company Hotels, Resorts &

Other Recreational Activities 0.35Kaveri Seed Company Consumer Non Durables 0.33Coal India Minerals/Mining 0.25Nestle India Consumer Non Durables 0.21Tata Motors - A Class Auto 0.20Cash Future Arbitrage 37.93 -38.20ACC Cement 0.07ACC Jun 2015 Stock Futures -0.07Tata Steel Ferrous Metals 0.66Tata Steel Jun 2015 Stock Futures -0.67Tata Consultancy Services Software 1.36Tata Consultancy Services Jun 2015 Stock Futures -1.36Hindustan Petroleum Corpn. Petroleum Products 1.49Hindustan Petroleum Corpn. Jun 2015 Stock Futures -1.49State Bank of India Banks 2.13State Bank of India Jun 2015 Stock Futures -2.14Maruti Suzuki India Auto 4.11Maruti Suzuki India Jun 2015 Stock Futures -4.14Coal India Minerals/Mining 4.31Coal India Jun 2015 Stock Futures -4.34Wipro Software 4.44Wipro Jun 2015 Stock Futures -4.47IDFC Finance 5.07IDFC Jun 2015 Stock Futures -5.11HDFC Bank Banks 6.75HDFC Bank Jun 2015 Stock Futures -6.80Reliance Industries Petroleum Products 7.54Reliance Industries Jun 2015 Stock Futures -7.60Commercial Paper 4.08KEC International A1 4.08Bonds & NCDs 0.49Rural Electrification Corporation AAA 0.49Cash and Other Assets 15.27Net Assets 100.00

SECTOR ALLOCATION OF EQUITY INSTRUMENTS (TOP 10) (As on May 31, 2015)

FUND FEATURES




INVESTMENT OBJECTIVE: The primary objective of the scheme is to seek to generatelong term capital appreciation with relatively lower volatility through systematic allocationof funds into equity; and in debt /money market instruments for defensive purposes.The Scheme will decide on allocation of funds into equity assets based on equity marketPrice Earning Ratio (PE Ratio) levels. When the markets become expensive in terms of'Price to Earnings' Ratio'; the Scheme will reduce its allocation to equities and moveassets into debt and/or money market instruments and vice versa.

DIVIDEND UPDATE


NAV NAV

December 29, 2014 1.2900 16.13 0.5100 16.38




Beta^ 1.08




Note: ^ The above measures have been calculated by taking rolling returns for a 3 yearperiod with 7.8519% risk free rate of return (91 days - T Bill Rate as on May. 27, 2015).** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases madeduring the 12 month rolling year/period divided by the 12 month rolling year/period Averageasset under Management for the relevant year/period.# Calculated as year to date ratio to average AUM.+ Direct Plan shall have a lower expense ratio excluding distribution expenses, commission, etc.and no commission for distribution of Units will be paid / charged under the Direct Plan.


Instrument Industry/ % of % ofRating NAV NAV

Deriv-atives

Equity 42.23Tata Motors Auto 2.52Infosys Software 2.51HDFC Bank Banks 2.41ICICI Bank Banks 1.97Axis Bank Banks 1.96Housing Development Finance Corpn. Finance 1.83Larsen & Toubro Construction Project 1.63HCL Technologies Software 1.52Divi's Laboratories Pharmaceuticals 1.45Tata Consultancy Services Software 1.44ITC Consumer Non Durables 1.43Britannia Industries Consumer Non Durables 1.27Maruti Suzuki India Auto 1.21Bharat Petroleum Corporation Petroleum Products 1.14Shree Cements Cement 1.12Reliance Industries Petroleum Products 1.10Motherson Sumi Systems Auto Ancillaries 1.02Sun Pharmaceuticals Industries Pharmaceuticals 0.99IndusInd Bank Banks 0.94Yes Bank Banks 0.90Abbott India Pharmaceuticals 0.76Adani Ports and Special Economic Zone Transportation 0.74

(% of NAV)

10.11%

5.96%

4.45%

4.43%

4.07%

2.68%

2.18%

1.83%

1.63%

1.02%

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00%

Banks

Software


Auto

Pharmaceuticals

Petroleum Products

Cement

Finance


Auto Ancillaries

The chart represents the unhedged equitys positions only.


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

FUND FEATURES


NAV per unit (As on May 29, 2015)Direct Plan : ` 156.02Regular Plan : ` 153.90

INVESTMENT OBJECTIVETo provide long term growth of capital. The Investment Manager will aim to achieve areturn on assets in excess of the performance of S&P BSE 100 Index.


Date Dividend (`̀̀̀̀/Unit)* Cum Dividend NAVMarch 25, 2008 40.0000 124.66

February 26, 2008 20.0000 172.57

December 31, 2007 11.0000 221.26

October 30, 2007 11.0000 190.53

March 13, 2006 10.0000 118.96

November 2, 2005 40.0000 124.43




Beta^ 0.96







Equity 93.89











Divi's Laboratories Pharmaceuticals 3.15




Shree Cements Cement 2.46


22.59%

13.21%

9.92%

9.84%

8.96%

5.96%

4.82%

4.05%

3.64%

2.27%

0.00% 5.00% 10.00% 15.00% 20.00% 25.00%

Banks

Software


Auto

Pharmaceuticals

Petroleum Products

Cement

Finance


Auto Ancillaries

(% of NAV)




Yes Bank Banks 2.01



Adani Ports and Special Economic Zone Transportation 1.65










Hexaware Technologies Software 1.09








Kaveri Seed Company Consumer Non Durables 0.75


Nestle India Consumer Non Durables 0.48



Net Assets 100.00



Principal Tax Savings Fund (An open-ended equity linked savings scheme)

FUND FEATURES


NAV per unit (As on May 29, 2015)Direct Plan : ` 143.21Regular Plan : ` 141.51

INVESTMENT OBJECTIVETo build a high quality growth-oriented portfolio to provide long-term capital gains tothe investors. The scheme aims at providing returns through capital appreciation.


Date Dividend (`̀̀̀̀/Unit)* Cum Dividend NAV

November 30, 2008 8.0000 90.1200

January 15, 2007 5.0000 83.6600




Beta^ 1.08







Equity 96.32









































UPL Pesticides 1.09


Yes Bank Banks 1.07



















Net Assets 100.00


(% of NAV)

17.74%

11.44%

8.32%

7.13%

6.85%

6.74%

6.19%

5.35%

4.31%

2.99%

0.00% 5.00% 10.00% 15.00% 20.00%

Banks

Software

Auto

Cement

Finance


Pharmaceuticals


Petroleum Products



Principal Balanced Fund (An open-ended balanced scheme)

12.12%

7.82%

5.75%

4.68%

4.63%

4.54%

4.21%

3.93%

2.86%

2.01%

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00%

Banks

Software

Auto

Cement

Finance


Pharmaceuticals


Petroleum Products


(% of NAV)






















UPL Pesticides 0.75





Yes Bank Banks 0.71















Treasury Bill 0.12T-Bill 91 Day 2015 Sovereign 0.12

Bonds & NCDs 18.02

Power Grid Corporation of India AAA 8.64

Reliance Utilities and Power P. Ltd AAA 6.47

Power Finance Corporation AAA 2.08

Rural Electrification Corporation AAA 0.83


Net Assets 100.00

SECTOR ALLOCATION OF EQUITY INSTRUMENTS (TOP 10) (As on May 31, 2015)

FUND FEATURES




INVESTMENT OBJECTIVE: To provide long term appreciation and current income byinvesting in a portfolio of equity, equity related securities and fixed income securities.

DIVIDEND UPDATE


NAV NAVDecember 29, 2014 2.3200 24.83 0.3900 25.28

March 24, 2008 2.5000 14.9200 N.A. N.A.

November 5, 2007 6.0000 23.9000 N.A. N.A.

November 9, 2005 3.2000 16.4100 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.



Beta^ 1.08





AVERAGE MATURITY (As on May 31, 2015)

4.76 years

MODIFIED DURATION (As on May 31, 2015)

2.95 years


Instrument Industry / Rating % of NAV

Equity 65.59





















Principal Debt Savings Fund (An open-ended income fund)

- Monthly Income Plan (Monthly Income is not assured and is subject to the availability of distributable surplus.)


Instrument Industry/Rating % of NAV

Derivatives 2.16

NIFTY Index Future Jun 2015 Index Futures 2.16

Treasury Bill 1.39

T-Bill 91 Day 2015 Sovereign 1.39

Sovereign 52.45

8.17% GOI -M- 01-DEC-2044 Sovereign 21.84

8.15% GOI -M- 24-NOV-2026 Sovereign 21.76

8.40% GOI -M- 28-JUL-2024 Sovereign 8.85

Bonds & NCDs 29.58


Reliance Utilities and Power P. Ltd AAA 13.25


Principal Index Fund - Direct - Growth Plan Mutual Funds 10.88


Net Assets 100.00

COMPOSITION BY ASSETS (As on May 31, 2015)

Industry / Ratings % of NAV

Sovereign 52.45

Bonds & NCDs 29.58


Derivatives 2.16

Treasury Bill 1.39


RATING PROFILE (As on May 31, 2015)

FUND FEATURES



Growth Option : ` 28.7766 ` 28.2499Dividend Option (Monthly) : ` 11.1253 ` 10.8586Dividend Option (Quarterly) : ` 12.4825 ` 12.2053

INVESTMENT OBJECTIVETo generate regular income through investments in fixed income securities so as tomake periodical income distribution to the Unitholders and also to generate long-termcapital appreciation by investing a portion of the Scheme’s assets in equity and equityrelated instruments.

DIVIDEND UPDATE



NAV NAV

Monthly Dividend (Last 3 Months)

March 24, 2015 – – 0.0007 11.1187

February 24, 2015 0.0269 10.8986 0.0347 11.1527

January 23, 2015 0.2690 11.1407 0.2317 11.3497

Quarterly Dividend (Last 3 Quarters)

March 24, 2015 0.3907 12.6051 0.4210 12.8959

December 24, 2014 0.3504 12.5757 0.3802 12.8645

September 24, 2014 0.3005 12.5012 0.1175 12.5748


RATIO (As on May 31, 2015)

Portfolio Turnover Ratio** –

** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases madeduring the 12 month rolling year/period divided by the 12 month rolling year/period Averageasset under Management for the relevant year/period.

AVERAGE MATURITY OF THE DEBT PORTFOLIO (As on May 31, 2015)

15.03 years

MODIFIED DURATION OF THE DEBT PORTFOLIO (As on May 31, 2015)

7.47 years

(% of NAV)

53.84%

29.58%

16.58%

0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00%

Sovereign

AAA

Cash and Other Assets(incl. MF Units & Index Futures)


Principal Government Securities Fund(An open-ended dedicated gilt scheme investing in government securities)


Instrument Rating % of NAV

Sovereign 95.32

9.20% GOI -M- 30-SEP-2030 Sovereign 34.52

8.60% GOI -M- 02-JUN-2028 Sovereign 26.46

8.32% GOI -M- 02-AUG-2032 Sovereign 8.60



8.25% MAHARASHTRA SDL -M- 13-MAY-2025 Sovereign 5.26

8.24% GOI-M - 15-FEB-2027 Sovereign 3.19



Net Assets 100.00


Ratings % of NAV

Sovereign 95.32



FUND FEATURES



Growth Option : ` 28.3147 ` 27.9805Dividend Option (Quarterly) : ` 11.9724 ` 11.9288Dividend Option (Annual) : ` 14.9451 ` 14.4638

INVESTMENT OBJECTIVETo generate return through investment in sovereign securities and thus provide capitalgains and income distribution to its Unitholders.

DIVIDEND UPDATE



NAV NAV

Quarterly Dividend Option (Last 3 Quarters)

March 24, 2015 0.3658 12.2325 0.3800 12.2792

December 24, 2014 0.7755 12.6199 0.7930 12.6694

September 24, 2014 0.2602 12.0872 0.2747 12.1324

Annual Dividend Option (Last 3 Years)

September 24, 2014 1.1532 14.2079 1.2578 14.7028

September 24, 2013 0.7559 13.7794 0.4192 13.8300

September 24, 2012 0.8000 14.1275 – –



12.94 years


7.4 years

MATURITY PROFILE

Period Portfolio (%)

5 - 10 years 12.95

10 - 15 years 39.25

Above 15 years 43.12


95.32%

4.68%

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

Sovereign

Cash and Other Assets

(% of NAV)


Principal Income Fund - Long Term Plan (An open-ended income scheme)



Sovereign 69.12

8.32% GOI -M- 02-AUG-2032 Sovereign 15.87





8.24% GOI -M- 15-FEB-2027 Sovereign 4.99

8.25% MAHARASHTRA SDL -M- 13-MAY-2025 Sovereign 3.53


Bonds & NCDs 28.02


Housing Development Finance Corporation AAA 7.20



Net Assets 100.00


Ratings % of NAV

Sovereign 69.12

BONDS & NCDs 28.02



FUND FEATURES



Growth Option : ` 24.5377 ` 24.0972Dividend Option (Quarterly) : ` 13.2017 ` 13.1293Dividend Option (Annual) : ` 12.6818 ` 12.2813

INVESTMENT OBJECTIVETo generate regular income and capital appreciation/accretion through investment indebt instruments and related securities besides preservation of capital.

DIVIDEND UPDATE



NAV NAV

Quarterly Dividend Option (Last 3 Quarters)

March 24, 2015 0.3764 13.4051 0.3976 13.4809

December 24, 2014 0.7125 13.7085 0.7353 13.7839

September 24, 2014 0.2291 13.2017 0.2495 13.2729

Annual Dividend Option (Last 3 Years)

September 24, 2014 0.9630 12.1429 1.0896 12.5807

September 24, 2013 0.7029 11.8468 0.4597 11.9117

September 24, 2012 1.0000 12.3525 – –



10.89 years


6.49 years

MATURITY PROFILE

Period Portfolio (%)

3 - 5 years 21.33

5 - 10 years 19.81

10 - 15 years 24.69

Above 15 years 31.31

Cash and Others Assets 2.86

69.12%

28.02%

2.86%

0.00% 20.00% 40.00% 60.00% 80.00%

Sovereign

AAA


(% of NAV)


Principal Debt Opportunities Fund - Corporate Bond Plan(An open-ended debt scheme)



Commercial Paper 95.67

KEC International A1 26.70

Cox & Kings A1+ 25.81

HCL Infosystems A1 14.52

Aadhar Housing Finance A1+ 14.33

IFMR Capital Finance Private A1+ 14.31

Treasury Bill 0.16


Bonds & NCDs 0.35


Indian Railway Finance Corporation AAA 0.06


Net Assets 100.00




Bonds & NCDs 0.35

Treasury Bill 0.16



FUND FEATURES

QAAUM (For the period January to March 2015):

` 216.17 crore


Growth Option : ` 2205.0419 ` 2180.8629Dividend Option (Monthly) : ` 1240.8161 ` 1237.8291

INVESTMENT OBJECTIVEThe primary objective is to generate income and capital gains through investments in aportfolio of securities issued by Private and Public Sector Companies.

DIVIDEND UPDATE



NAV NAV


May 22, 2015 8.9204 1244.4389 9.0501 1247.514

April 24, 2015 9.6105 1245.1290 9.8290 1248.2929

March 24, 2015 9.0109 1244.5294 9.1774 1247.6413

* On face value of ` 1,000/-.Past performance may or may not be sustained in the future.All Dividend (`/Unit) figures are Gross Dividend.


68 days


68 days

(% of NAV)

54.45%

41.22%

0.35%

3.82%

0.16%

0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00%

A1+

A1

AAA

Sovereign



Principal Income Fund – Short Term Plan (An open-ended income scheme)

FUND FEATURES



Growth Option : ` 25.1292 ` 24.7198Dividend Option (Monthly) : ` 12.8803 ` 12.8460

INVESTMENT OBJECTIVETo generate regular income and capital appreciation/ accretion through investment indebt instruments and related securities besides preservation of capital and has beendesigned to achieve stable returns over shorter-term investment horizons.

DIVIDEND UPDATE



NAV NAV


May 22, 2015 0.0416 12.8610 0.0491 12.9009

April 24, 2015 0.0911 12.9105 0.0994 12.9512

March 24, 2015 0.0641 12.8835 0.0716 12.9234



2.85 years


2.54 years



Certificate of Deposit 6.37

Canara Bank A1+ 5.13

RBL Bank A1+ 1.18

DCB Bank A1+ 0.06


SKS Microfinance A1+ 5.91


39.67%

22.79%

12.65%

3.09%

12.28%

9.52%

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

AAA

Sovereign

AA

A1+

A1


(% of NAV)

Treasury Bill 6.90

TBILL 91 DAY 2015 Sovereign 6.15


Sovereign 15.89


8.12% GOI -M- 10-DEC-2020 Sovereign 6.33

Bonds & NCDs 52.32


Tata Motors AA 12.65

LIC Housing Finance AAA 6.36



IDFC AAA 3.12

Dewan Housing Finance Corporation AAA 1.91


Net Assets 100.00


Ratings % of NAV

BONDS & NCDs 52.32

Sovereign 15.89


Treasury Bill 6.90





Principal Bank CD Fund (An open-ended debt scheme)




DCB Bank A1+ 30.23

RBL Bank A1+ 27.94

Canara Bank A1+ 19.84

Oriental Bank of Commerce A1+ 6.08

Treasury Bill 0.11


Bonds & NCDs 15.79

Dewan Housing Finance Corporation AAA 15.79


Net Assets 100.00


Ratings % of NAV


Bonds & NCDs 15.79

Treasury Bill 0.11



FUND FEATURES



Growth Option : ` 1829.9294 ` 1813.5346

Dividend Option (Monthly) : ` 1127.6975 ` 1126.4905

INVESTMENT OBJECTIVEThe objective is to generate returns by primarily investing in Bank CDs. Bank CDs provideliquidity and a relatively lower credit risk.

DIVIDEND UPDATE



NAV NAV


May 22, 2015 6.8131 1131.4392 7.2526 1132.9753

April 24, 2015 11.1124 1135.7385 9.8315 1135.5542

March 24, 2015 7.9150 1132.5411 8.3094 1134.0321

* On face value of ` 1,000/-Past performance may or may not be sustained in the future.All Dividend (`/Unit) figures are Gross Dividend.


279 days


274 days

84.09%

15.79%

0.11%

0.01%

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

A1+

AAA

Sovereign


(% of NAV)


46.70%

18.20%

8.10%

1.55%

5.67%

19.78%

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

A1+

A1

AA

Sovereign

AAA


Principal Debt Opportunities Fund - Conservative Plan(An open-ended debt scheme)

FUND FEATURES



Growth Option : ` 2266.0264 ` 2227.1625Dividend Option (Daily) : ` 1002.4316 ` 1002.2259Dividend Option (Weekly) : ` 1003.6139 ` 1001.6854Dividend Option (Monthly) : ` 1143.3316 ` 1141.1644

INVESTMENT OBJECTIVETo generate regular income and capital appreciation through investments in debtsecurities and money market instruments.

DIVIDEND UPDATE



NAV NAV


May 22, 2015 5.4691 1144.5884 6.3123 1147.3862

April 24, 2015 9.4579 1148.5772 10.4012 1151.4751

March 24, 2015 7.5816 1146.7009 8.4332 1149.5071



115 days


108 days




State Bank of Bikaner and Jaipur A1+ 4.59

Syndicate Bank A1+ 1.04




JK Lakshmi Cement A1+ 11.07

National Housing Bank A1+ 5.21

STCI Finance A1+ 5.10

Edelweiss Financial Services A1+ 4.17


IFMR Capital Finance Private A1+ 2.97

Treasury Bill 5.67



BONDS & NCDs 9.65

Music Broadcast Private AA 4.18

Shriram City Union Finance AA 2.10

Cholamandalam Investment andFinance Company AA 1.69

Housing Development Finance Corporation AAA 1.07

LIC Housing Finance AAA 0.21


Tata Motors AA 0.13



Net Assets 100.00


Ratings % of NAV


BONDS & NCDs 9.65

Treasury Bill 5.67




(% of NAV)

Past performance is no guarantee of future result. (++ for rating methodology please refer page 37.)

CreditRisk Rating[ICRA] AAAmfs ++


Principal Cash Management Fund (An open-ended liquid scheme)

74.20%

12.12%

10.38%

7.26%

-3.96%

-20.00% 0.00% 20.00% 40.00% 60.00% 80.00%

A1+

Sovereign

A1

Unrated


(% of NAV)

CreditRisk Rating[ICRA] A1+mfs ++

Past performance is no guarantee of future result. (++ for rating methodology please refer page 37.)

Vardhman Special Steels A1+ 3.63


Power Finance Corporation A1+ 3.61

SREI Equipment Finance Ltd A1+ 3.61

Indostar Capital Finance Private A1+ 3.60

Family Credit A1+ 2.72

ICICI Home Finance Company A1+ 1.81

Aditya Birla Housing Finance A1+ 1.68

Avanse Financial Services Ltd A1+ 0.90

JK Lakshmi Cement A1+ 0.87

Hero Steels A1 0.72

Treasury Bill 12.12




Fixed Deposit 7.26

Allahabad Bank Unrated 3.63

Allahabad Bank Unrated 3.63

Cash and Other Assets -3.96

Net Assets 100.00


Ratings % of NAV



Treasury Bill 12.12

Fixed Deposit 7.26

Cash and Other Assets -3.96


FUND FEATURES

QAAUM (For the period January to March 2015):` 2,560.52 crore


Growth Option : ` 1380.9040 ` 1377.9435Dividend Option (Daily) : ` 1000.3870 ` 1000.4303Dividend Option (Weekly) : ` 1007.6710 ` 1007.1314Dividend Option (Monthly) : ` 1024.8478 ` 1024.8136

INVESTMENT OBJECTIVETo provide investors with as high a level of income available from short-term investmentsas is considered consistent with preservation of capital and maintenance of liquidity, byinvesting in a portfolio of money market and investment grade debt instruments.

DIVIDEND UPDATE



NAV NAV


May 22, 2015 6.6253 1029.3497 6.6811 1029.4223

April 24, 2015 8.1627 1030.8871 8.2244 1030.9656

March 24, 2015 6.6730 1029.3974 6.7279 1029.4691



23 days


23 days




State Bank of Bikaner and Jaipur A1+ 6.43

Oriental Bank of Commerce A1+ 5.42

Punjab & Sind Bank A1+ 4.70

Dena Bank A1+ 3.61


Corporation Bank A1+ 2.72


National Housing Bank A1+ 6.31


Dewan Housing Finance Corporation A1+ 5.44

Phillips Carbon Black A1 5.19

Magma ITL Finance A1+ 4.48


Principal Global Opportunities Fund (An open-ended Fund of Funds scheme)

FUND FEATURES



Growth Option: ` 24.0131 ` 23.7939Dividend Option: ` 24.0131 ` 23.7939

INVESTMENT OBJECTIVETo provide long term capital appreciation by predominantly investing in overseas mutualfund schemes, and a certain portion of its corpus in Money Market Securities and/orunits of Money Market / Liquid Schemes of Principal Mutual Fund.


Instrument % of NAV

Foreign Securities

I. Units of Mutual Fund / Unit Trust 95.63Principal Global Investors Funds -Emerging Markets Equity Fund

II. Cash and Other Current Assets 4.37

Net Assets 100.00

Principal Retail Money Manager Fund (An open-ended debt scheme)

FUND FEATURES



Growth Option : ` 1605.8744 ` 1602.2410Dividend Option (Daily) : N.A. ` 1005.4300Dividend Option (Weekly) : N.A. ` 1013.1874Dividend Option (Monthly) : ` 1060.6609 ` 1060.6076

INVESTMENT OBJECTIVETo generate regular income & capital appreciation through investments in debt securitiesand money market instruments.

DIVIDEND UPDATE



NAV NAV


May 22, 2015 6.9975 1065.8267 7.0544 1065.923

April 24, 2015 8.9525 1067.7817 9.0168 1067.8854

March 24, 2015 7.1473 1065.9765 7.2052 1066.0738

* On face value of ` 1,000/-.Past performance may or may not be sustained in the future.Note: All Dividend (`/Unit) figures are Gross Dividend.


32 days


32 days

45.25%

45.23%

0.10%

9.42%

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

A1

A1+

Sovereign


(% of NAV)






Phillips Carbon Black A1 22.77



Aditya Birla Housing Finance A1+ 11.38


Magma ITL Finance A1+ 3.24

Treasury Bill 0.10



Net Assets 100.00


Ratings % of NAV



Treasury Bill 0.10




26


Principal Debt Savings Fund (An open-ended income fund)

- Retail Plan

FUND FEATURES



Growth Plan : ` 25.1431 ` 24.6582Dividend Plan (Monthly) : N.A. ` 10.2761Dividend Plan (Quarterly) : ` 12.1108 ` 12.0227

INVESTMENT OBJECTIVETo seek to generate stable returns and capital appreciation through investment in Debtinstruments and related securities over medium to long term investment horizon.

DIVIDEND UPDATE



NAV NAV


May 22, 2015 0.0271 10.2741 – –

April 24, 2015 0.0646 10.3116 – –

March 24, 2015 0.0563 10.3033 – –

Quarterly Dividend (Last 3 Quarters)

March 24, 2015 0.2330 12.1152 0.2552 12.2085

December 24, 2014 0.2850 12.1430 0.3077 12.2348

September 24, 2014 0.2332 12.0730 0.2557 12.1627


RATIO (As on May 31, 2015)

Portfolio Turnover Ratio** –

** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases madeduring the 12 month rolling year/period divided by the 12 month rolling year/period Averageasset under Management for the relevant year/period.


4.42 years


4.12 years





Treasury Bill 0.97


Sovereign 35.20


8.40% GOI -M- 28-JUL-2024 Sovereign 13.36

Bonds & NCDs 45.92



Bajaj Finance AA+ 4.36

Reliance Utilities and Power Pvt. Ltd AAA 2.22

Lafarge India Pvt. Ltd. AA+ 0.86


Net Assets 100.00



Bonds & NCDs 45.92

Sovereign 35.20


Treasury Bill 0.97



(% of NAV)

40.70%

36.17%

12.15%

5.76%

5.22%

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

AAA

Sovereign

A1+

AA+



SCHEMES MANAGED BY MR. ANUPAM TIWARI

Returns (As on March 31, 2015)

SCHEMES MANAGED BY MR. RAJAT JAIN

SCHEMES MANAGED BY RUPALI PANDIT

PRINCIPAL LARGE CAP FUND

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (S&P BSE 100 Index) (CNX Nifty Index)

Date ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`)31-Mar-14 to 31-Mar-15 35.02 13502.16 35.82 13581.83 28.32 12831.73 26.65 12665.1928-Mar-13 to 31-Mar-14 23.18 12318.33 23.89 12388.54 18.11 11811.29 17.98 11797.8730-Mar-12 to 28-Mar-13 6.49 10649.30 N.A. N.A. 6.84 10683.99 7.31 10730.80Since Inception 11-Nov-05 to 31-Mar-15 17.90 46920.00 N.A. N.A. 13.63 33198.46 13.68 33315.68Since Inception 02-Jan-13 to 31-Mar-15 N.A. N.A. 20.65 15230.62 16.83 14172.05 16.82 14167.61

PRINCIPAL SMART EQUITY FUND

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (Crisil Balanced Fund Index) (CNX Nifty Index)

Date ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`)31-Mar-14 to 31-Mar-15 25.47 12547.24 26.33 12632.76 22.53 12252.71 26.65 12665.1928-Mar-13 to 31-Mar-14 22.96 12295.54 23.91 12391.10 13.40 11340.14 17.98 11797.8730-Mar-12 to 28-Mar-13 7.71 10770.77 N.A. N.A. 8.18 10818.15 7.31 10730.80Since Inception 16-Dec-10 to 31-Mar-15 12.54 16600.00 N.A. N.A. 9.00 14474.65 8.65 14273.59Since Inception 02-Jan-13 to 31-Mar-15 N.A. N.A. 18.16 14535.28 14.35 13505.60 16.82 14167.61

PRINCIPAL GLOBAL OPPORTUNITIES FUND

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (MSCI World Index) (CNX Nifty Index)

Date ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`)31-Mar-14 to 31-Mar-15 5.26 10526.29 5.74 10573.70 11.80 11180.46 26.65 12665.1928-Mar-13 to 31-Mar-14 1.21 10120.58 1.51 10151.16 16.20 11620.17 17.98 11797.8730-Mar-12 to 28-Mar-13 9.00 10899.87 N.A. N.A. 11.69 11169.29 7.31 10730.80Since Inception 29-Mar-04 to 31-Mar-15 7.69 22608.90 N.A. N.A. 4.80 16754.54 15.35 48188.19Since Inception 02-Jan-13 to 31-Mar-15 N.A. N.A. 1.82 10413.23 15.86 13907.89 16.82 14167.61

Past performance may or may not be sustained in future. Since Inception Returns (in %) are calculated on Compounded Annualised Basis.$ PTP (Point to Point) Returns is based on standard investment of ` 10,000/- made at the beginning of relevant period.Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. ^ Growth Option# Though the scheme has completed one year, the performance/returns for this scheme will be provided from June, 2015 Calendar Quarter.

PRINCIPAL INDEX FUND - NIFTY

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (CNX Nifty Index) (S&P BSE Sensex)

Date ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`)31-Mar-14 to 31-Mar-15 26.61 12661.42 27.25 12724.90 26.65 12665.19 24.89 12488.6828-Mar-13 to 31-Mar-14 18.38 11838.37 18.96 11896.39 17.98 11797.87 18.85 11884.9830-Mar-12 to 28-Mar-13 7.40 10740.34 N.A. N.A. 7.31 10730.80 8.23 10822.54Since Inception 27-Jul-99 to 31-Mar-15 11.90 58346.10 N.A. N.A. 12.65 64824.22 12.20 60866.73Since Inception 02-Jan-13 to 31-Mar-15 N.A. N.A. 17.71 14412.47 16.82 14167.61 16.87 14181.37

PRINCIPAL PERSONAL TAX SAVER FUND


Date ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`)31-Mar-14 to 31-Mar-15 35.27 13526.79 36.03 13602.67 28.32 12831.73 26.65 12665.1928-Mar-13 to 31-Mar-14 23.47 12347.29 24.16 12415.95 18.11 11811.29 17.98 11797.8730-Mar-12 to 28-Mar-13 6.78 10677.57 N.A. N.A. 6.84 10683.99 7.31 10730.80Since Inception 31-Mar-96 to 31-Mar-15 22.29 458449.40 N.A. N.A. 12.62 95781.07 12.00 86176.80Since Inception 02-Jan-13 to 31-Mar-15 N.A. N.A. 20.84 15283.28 16.83 14172.05 16.82 14167.61

PRINCIPAL INDEX FUND - MIDCAP#

Performance ^Returns (%)Date Plan - Regular Plan - Direct Scheme’s Benchmark Additional Benchmark

(CNX Midcap Index) (CNX Nifty Index)

Since Inception 12-May-14 to 31-Mar-15 N.A. N.A. N.A. N.A.


SCHEMES MANAGED BY BEKXY KURIAKOSE

PRINCIPAL GOVERNMENT SECURITIES FUND

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (I-Sec Composite Index) (CRISIL 10 Year Gilt Index)

Date ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`) ^Returns (%) $PTP Returns (`)

28-Mar-14 to 31-Mar-15 16.64 11663.69 17.21 11720.94 15.72 11571.61 14.63 11462.55

28-Mar-13 to 28-Mar-14 1.88 10188.39 2.39 10239.36 3.91 10390.54 -1.01 9899.15

30-Mar-12 to 28-Mar-13 9.71 10970.75 N.A. N.A. 11.64 11164.21 11.25 11125.15

Since Inception 23-Aug-01 to 31-Mar-15 7.83 27912.60 N.A. N.A. N.A. N.A. N.A. N.A.

Since Inception 02-Jan-13 to 31-Mar-15 N.A. N.A. 9.44 12240.94 9.60 12281.42 6.81 11591.96

PRINCIPAL DEBT OPPORTUNITIES FUND - CORPORATE BOND PLAN

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (Crisil Liquid Fund Index) (CRISIL 1 Year T-Bill Index)


28-Mar-14 to 31-Mar-15 9.78 10978.37 10.28 11028.44 9.06 10905.84 8.82 10881.63

28-Mar-13 to 28-Mar-14 7.18 10717.62 7.71 10771.25 9.46 10946.11 5.77 10576.74

30-Mar-12 to 28-Mar-13 9.09 10909.43 N.A. N.A. 8.17 10817.44 8.33 10833.11

Since Inception 14-Sep-04 to 31-Mar-15 7.52 21486.99 N.A. N.A. 7.09 20603.41 5.87 18244.57


PRINCIPAL INCOME FUND - LONG TERM PLAN

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (Crisil Composite Bond Fund Index) (CRISIL 10 Year Gilt Index)


28-Mar-14 to 31-Mar-15 14.54 11453.99 15.36 11535.85 14.67 11466.80 14.63 11462.55

28-Mar-13 to 28-Mar-14 3.61 10361.35 4.45 10445.09 4.32 10431.77 -1.01 9899.15

30-Mar-12 to 28-Mar-13 9.93 10993.04 N.A. N.A. 9.24 10924.12 11.25 11125.15

Since Inception 09-May-03 to 31-Mar-15 7.63 23981.80 N.A. N.A. 6.30 20684.99 5.54 18990.19



Past performance may or may not be sustained in future. Since Inception Returns (in %) are calculated on Compounded Annualised Basis.$ PTP (Point to Point) Returns is based on standard investment of ` 10,000/- made at the beginning of relevant period.Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.^ Growth Option

SCHEMES MANAGED BY MR. DHIMANT SHAH

PRINCIPAL EMERGING BLUECHIP FUND

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (CNX Midcap Index) (CNX Nifty Index)


31-Mar-14 to 31-Mar-15 71.37 17137.15 72.55 17254.71 50.96 15095.88 26.65 12665.19

28-Mar-13 to 31-Mar-14 29.09 12908.74 29.86 12985.84 16.36 11635.93 17.98 11797.87

30-Mar-12 to 28-Mar-13 13.84 11375.64 N.A. N.A. -4.04 9598.26 7.31 10730.80

Since Inception 12-Nov-08 to 31-Mar-15 35.21 68600.00 N.A. N.A. 21.96 35508.96 18.66 29809.19


PRINCIPAL DIVIDEND YIELD FUND

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (CNX Dividend Opportunities Index) (CNX Nifty Index)


31-Mar-14 to 31-Mar-15 30.54 13053.69 31.25 13124.77 17.76 11776.12 26.65 12665.19

28-Mar-13 to 31-Mar-14 14.66 11466.44 15.33 11532.88 8.34 10834.39 17.98 11797.87

30-Mar-12 to 28-Mar-13 3.36 10335.84 N.A. N.A. 2.50 10250.25 7.31 10730.80

Since Inception 15-Oct-04 to 31-Mar-15 12.72 35010.00 N.A. N.A. N.A. N.A. 16.01 47303.62




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

SCHEMES MANAGED BY MR. GURVINDER SINGH WASAN

PRINCIPAL GROWTH FUND



31-Mar-14 to 31-Mar-15 42.77 14276.89 43.63 14362.85 31.93 13193.17 26.65 12665.19

28-Mar-13 to 31-Mar-14 26.03 12603.00 26.77 12677.28 17.19 11719.39 17.98 11797.87

30-Mar-12 to 28-Mar-13 10.49 11048.88 N.A. N.A. 6.03 10602.76 7.31 10730.80

Since Inception 25-Oct-00 to 31-Mar-15 16.85 94770.00 N.A. N.A. 16.14 86719.54 14.62 71720.58


PRINCIPAL TAX SAVINGS FUND



31-Mar-14 to 31-Mar-15 42.75 14275.07 43.43 14342.53 31.93 13193.17 26.65 12665.19

28-Mar-13 to 31-Mar-14 26.20 12619.50 26.77 12676.53 17.19 11719.39 17.98 11797.87

30-Mar-12 to 28-Mar-13 11.05 11104.59 N.A. N.A. 6.03 10602.76 7.31 10730.80

Since Inception 31-Mar-96 to 31-Mar-15 17.39 210903.00 N.A. N.A. 13.02 102418.93 12.00 86176.80


PRINCIPAL BALANCED FUND

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (Crisil Balanced Fund Index) (CNX Nifty Index)


31-Mar-14 to 31-Mar-15 30.45 13045.40 31.53 13152.76 22.53 12252.71 26.65 12665.19

28-Mar-13 to 31-Mar-14 19.09 11909.18 20.10 12010.48 13.40 11340.14 17.98 11797.87

30-Mar-12 to 28-Mar-13 9.65 10965.45 N.A. N.A. 8.18 10818.15 7.31 10730.80

Since Inception 14-Jan-00 to 31-Mar-15 11.20 50290.00 N.A. N.A. N.A. N.A. 11.49 52324.76


PRINCIPAL BANK CD FUND

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (CRISIL Liquid Fund Index) (CRISIL 1 Year T-Bill Index)


28-Mar-14 to 31-Mar-15 8.87 10887.47 9.40 10939.66 9.06 10905.84 8.82 10881.63

28-Mar-13 to 28-Mar-14 9.59 10959.41 9.91 10990.66 9.46 10946.11 5.77 10576.74

30-Mar-12 to 28-Mar-13 9.13 10912.71 N.A. N.A. 8.17 10817.44 8.33 10833.11

Since Inception 06-Nov-07 to 31-Mar-15 8.19 17910.71 N.A. N.A. 7.64 17245.86 6.22 15630.49


PRINCIPAL INCOME FUND - SHORT TERM PLAN

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (CRISIL Short-Term Bond Fund Index) (CRISIL 10 Year Gilt Index)


28-Mar-14 to 31-Mar-15 10.07 11007.14 10.86 11085.96 10.40 11040.40 14.63 11462.55

28-Mar-13 to 28-Mar-14 7.93 10793.08 8.68 10867.97 8.78 10878.10 -1.01 9899.15

30-Mar-12 to 28-Mar-13 9.68 10967.67 N.A. N.A. 9.05 10905.10 11.25 11125.15






SCHEMES MANAGED BY MR. PANKAJ JAIN

PRINCIPAL DEBT OPPORTUNITIES FUND - CONSERVATIVE PLAN



28-Mar-14 to 31-Mar-15 8.57 10856.67 9.62 10961.71 9.06 10905.84 8.82 10881.63

28-Mar-13 to 28-Mar-14 8.97 10897.27 9.55 10955.34 9.46 10946.11 5.77 10576.74

30-Mar-12 to 28-Mar-13 9.46 10945.93 N.A. N.A. 8.17 10817.44 8.33 10833.11

Since Inception 14-Sep-04 to 31-Mar-15 7.77 22012.23 N.A. N.A. 7.09 20603.41 5.87 18244.57


PRINCIPAL DEBT SAVINGS FUND - MONTHLY INCOME PLAN

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (Crisil MIP Blended Index) (Crisil 10 year Gilt Index)


28-Mar-14 to 31-Mar-15 13.30 11330.14 14.16 11416.11 16.54 11653.84 14.63 11462.55

28-Mar-13 to 28-Mar-14 2.24 10224.43 3.04 10304.28 6.44 10643.50 -1.01 9899.15

30-Mar-12 to 28-Mar-13 8.93 10893.27 N.A. N.A. 9.06 10906.29 11.25 11125.15



PRINCIPAL DEBT SAVINGS FUND - RETAIL PLAN

Performance Scheme Returns Scheme’s Benchmark Additional BenchmarkPlan - Regular Plan - Direct (CRISIL Short-Term Bond Fund Index) (CRISIL 10 Year Gilt Index)


28-Mar-14 to 31-Mar-15 9.46 10946.09 10.29 11029.12 10.40 11040.40 14.63 11462.55

28-Mar-13 to 28-Mar-14 6.12 10611.71 6.94 10693.97 8.78 10878.10 -1.01 9899.15

30-Mar-12 to 28-Mar-13 10.51 11051.05 N.A. N.A. 9.05 10905.10 11.25 11125.15

Since Inception 30-Dec-03 to 31-Mar-15 8.26 24448.20 N.A. N.A. 7.05 21541.16 5.02 17358.72


PRINCIPAL CASH MANAGEMENT FUND



28-Mar-14 to 31-Mar-15 9.09 10908.68 9.17 10916.80 9.06 10905.84 8.82 10881.63

28-Mar-13 to 28-Mar-14 9.28 10928.39 9.40 10939.61 9.46 10946.11 5.77 10576.74

30-Mar-12 to 28-Mar-13 9.31 10930.98 N.A. N.A. 8.17 10817.44 8.33 10833.11

Since Inception 30-Aug-04 to 31-Mar-15 7.61 21735.41 N.A. N.A. 7.08 20634.92 5.85 18259.56


PRINCIPAL RETAIL MONEY MANAGER FUND



28-Mar-14 to 31-Mar-15 9.47 10947.31 9.57 10957.37 9.06 10905.84 8.82 10881.63

28-Mar-13 to 28-Mar-14 9.84 10983.95 9.95 10994.94 9.46 10946.11 5.77 10576.74

30-Mar-12 to 28-Mar-13 9.77 10976.87 N.A. N.A. 8.17 10817.44 8.33 10833.11

Since Inception 28-Dec-07 to 31-Mar-15 6.50 15796.88 N.A. N.A. 7.65 17081.84 6.28 15557.44




Systematic Investment Plan (SIP) Returns (As on March 31, 2015)

PRINCIPAL EMERGING BLUECHIP FUND - GROWTH

Particulars Total Scheme’s Returns Scheme’s Benchmark Additional BenchmarkAmount (CNX Midcap Index) (CNX Nifty Index)Invested Returns Yield MarketValue Returns Yield* MarketValue Returns Yield* MarketValue

(in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀)

1 Year SIP 24,000.00 54.72 30,570.99 33.03 28,064.50 15.75 25,981.61

3 Years SIP 72,000.00 46.62 136,840.20 30.04 110,591.23 20.64 97,323.84

5 Years SIP 120,000.00 30.32 252,519.95 18.45 189,976.87 14.55 172,675.52

Since Inception SIP 152,000.00 29.08 383,117.55 18.56 275,180.56 14.61 242,696.55

Inception Date - November 12, 2008

PRINCIPAL SMART EQUITY FUND - GROWTH

Particulars Total Scheme’s Returns Scheme’s Benchmark Additional BenchmarkAmount (Crisil Balanced Fund Index) (CNX Nifty Index)Invested Returns Yield MarketValue Returns Yield* MarketValue Returns Yield* MarketValue

(in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀)

1 Year SIP 24,000.00 16.13 26,028.65 15.38 25,936.03 15.75 25,981.61

3 Years SIP 72,000.00 21.92 99,071.36 17.19 92,733.81 20.64 97,323.84


Inception Date - December 16, 2010

PRINCIPAL DIVIDEND YIELD FUND - GROWTH

Particulars Total Scheme’s Returns Scheme’s Benchmark Additional BenchmarkAmount (CNX Dividend Opportunities Index) (CNX Nifty Index)Invested Returns Yield MarketValue Returns Yield* MarketValue Returns Yield* MarketValue

(in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀)

1 Year SIP 24,000.00 12.64 25,597.27 -0.63 23,918.94 15.75 25,981.61

3 Years SIP 72,000.00 20.67 97,369.82 11.29 85,224.23 20.64 97,323.84

5 Years SIP 120,000.00 14.54 172,602.87 9.60 152,740.73 14.55 172,675.52

7 Years SIP 168,000.00 14.81 284,672.73 13.16 268,350.56 13.85 275,098.21

10 Years SIP 240,000.00 12.00 448,022.35 10.40 411,393.21 12.48 459,531.22


Inception Date - October 15, 2004

PRINCIPAL PERSONAL TAX SAVER FUND

Particulars Total Scheme’s Returns Scheme’s Benchmark Additional BenchmarkAmount (S&P BSE 100 Index) (CNX Nifty Index)Invested Returns Yield MarketValue Returns Yield* MarketValue Returns Yield* MarketValue

(in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀)

1 Year SIP 24,000.00 22.74 26,834.46 16.63 26,090.05 15.75 25,981.61

3 Years SIP 72,000.00 26.50 105,464.36 21.37 98,320.94 20.64 97,323.84

5 Years SIP 120,000.00 17.68 186,442.89 14.77 173,609.75 14.55 172,675.52

7 Years SIP 168,000.00 16.02 297,203.61 14.10 277,564.57 13.85 275,098.21

10 Years SIP 240,000.00 13.50 485,317.50 12.56 461,559.91 12.48 459,439.52

Since Inception SIP 454,000.00 20.90 4,492,631.68 14.79 2,203,481.53 13.99 2,009,316.18

Inception Date - March 31, 1996

SCHEMES MANAGED BY MR. ANUPAM TIWARI

PRINCIPAL LARGE CAP FUND - GROWTH


(in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀)

1 Year SIP 24,000.00 22.51 26,806.90 16.63 26,090.05 15.75 25,981.61

3 Years SIP 72,000.00 26.26 105,117.88 21.37 98,320.94 20.64 97,323.84

5 Years SIP 120,000.00 17.95 187,658.77 14.77 173,609.75 14.55 172,675.52

7 Years SIP 168,000.00 17.84 317,089.74 14.10 277,564.57 13.85 275,098.21


Inception Date - November 11, 2005

SCHEMES MANAGED BY MR. DHIMANT SHAH

Returns shown above are for Regular Plan - Growth option. Past performance may or may not be sustained in the future.


Systematic Investment Plan (SIP) Returns (As on March 31, 2015)

PRINCIPAL TAX SAVINGS FUND


(in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀)

1 Year SIP 24,000.00 22.42 26,795.89 20.08 26,512.17 15.75 25,981.61

3 Years SIP 72,000.00 31.06 112,104.83 22.79 100,265.49 20.64 97,323.84

5 Years SIP 120,000.00 21.64 205,237.31 15.36 176,133.55 14.55 172,675.52

7 Years SIP 168,000.00 18.21 321,270.43 14.59 282,379.98 13.85 275,082.08

10 Years SIP 240,000.00 13.96 497,497.88 12.73 465,661.50 12.48 459,515.09


Inception Date - March 31, 1996

PRINCIPAL BALANCED FUND - GROWTH

Particulars Total Scheme’s Returns Scheme’s Benchmark Additional BenchmarkAmount (Crisil Balanced Fund Index) (CNX Nifty Index)Invested Returns Yield MarketValue Returns Yield* MarketValue Returns Yield* MarketValue

(in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀)

1 Year SIP 24,000.00 17.53 26,199.82 15.38 25,936.03 15.75 25,981.61

3 Years SIP 72,000.00 22.90 100,416.82 17.19 92,733.81 20.64 97,323.84

5 Years SIP 120,000.00 16.54 181,320.76 12.96 166,005.66 14.55 172,675.52

7 Years SIP 168,000.00 15.01 286,677.38 12.32 260,464.94 13.85 275,098.21

10 Years SIP 240,000.00 12.74 465,928.64 11.32 432,060.75 12.48 459,531.22


Inception Date - January 14, 2000

PRINCIPAL INDEX FUND - NIFTY - GROWTH

Particulars Total Scheme’s Returns Scheme’s Benchmark Additional BenchmarkAmount (CNX Nifty Index) (S&P BSE Sensex)Invested Returns Yield MarketValue Returns Yield* MarketValue Returns Yield* MarketValue

(in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀)

1 Year SIP 24,000.00 15.64 25,967.73 15.75 25,981.61 12.98 25,639.81

3 Years SIP 72,000.00 20.74 97,453.37 20.64 97,323.84 19.94 96,375.06

5 Years SIP 120,000.00 14.68 173,214.28 14.55 172,675.52 14.13 170,887.36

7 Years SIP 168,000.00 13.81 274,699.14 13.85 275,098.21 13.58 272,462.51

10 Years SIP 240,000.00 12.03 448,721.35 12.48 459,531.22 12.24 453,666.19


Inception Date - July 27, 1999

PRINCIPAL GROWTH FUND - GROWTH


(in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀) (%) (in `̀̀̀̀)

1 Year SIP 24,000.00 22.5 26,805.89 20.08 26,512.17 15.75 25,981.61

3 Years SIP 72,000.00 30.95 111,942.83 22.79 100,265.49 20.64 97,323.84

5 Years SIP 120,000.00 21.36 203,856.03 15.36 176,133.55 14.55 172,675.52

7 Years SIP 168,000.00 18.11 320,203.56 14.59 282,409.69 13.85 275,098.21

10 Years SIP 240,000.00 13.26 479,134.76 12.73 465,666.46 12.48 459,515.94


Inception Date - October 25, 2000

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

SCHEMES MANAGED BY RUPALI PANDIT

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 assuming investment of ` 2,000/- on the 1st business day of every month. XIRR helps in calculating return on investments given an initialand 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 28-31.

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 Fundis not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.


Short Term Capital Long Term Capital Dividend Tax on Distributed TDS onGains Tax (STCG)2 Gains Tax (LTCG)2 Income Income Capital Gains7

Financial Year 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16

Resident Individual / 15% 15% Nil Nil Exempt Exempt Nil Nil Nil NilHUF / AOP / BOI

Resident 15% 15% Nil Nil Exempt Exempt Nil Nil Nil NilPartnership Firms

Domestic 15% 15% Nil Nil Exempt Exempt Nil Nil Nil NilCompanies

NRIs4 15% 15% Nil Nil Exempt Exempt Nil Nil STCG - 15%2 STCG - 15%2

LTCG - Nil LTCG - Nil

FPIs4 & 10 15% 15% Nil Nil Exempt Exempt Nil Nil STCG - Nil 6 STCG - Nil 6

LTCG - Nil 6 LTCG - Nil 6

Short Term Long Term Dividend Tax on Distributed Tax on Distributed TDS onCapital Gains Capital Gains Income Income - Other than Income - Liquid / Capital Gains7

Tax 2 & 13 Tax 2 & 13 Liquid / Money Money MarketMarket Schemes Schemes

2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 2014-1511&12 2015-1611&12 2014-1511&12 2015-1611&12 2014-15 2015-16

Resident As per As per 20% 20% Exempt Exempt 25% 25% 25% 25% Nil NilIndividual / slab rates slab rates (With Indexation) (With Indexation)HUF Option to tax

@10%Without Indexation

(if transferredbetween

1-4-2014 to10-7-2014)

AOP/BOI As per As per 20% 20% Exempt Exempt 30% 30% 30% 30% Nil Nil slab rates slab rates (With Indexation) (With Indexation)

Option to tax@10%

Without Indexation(if transferred

between1-4-2014 to10-7-2014)

Domestic 30% 30% 20% 20% Exempt Exempt 30% 30% 30% 30% Nil NilCompanies / (With Indexation) (With Indexation)Firms Option to tax

@10%Without Indexation

(if transferredbetween

1-4-2014 to10-7-2014)

NRIs4 As per As per Listed Units - Listed Units - Exempt Exempt 25% 25% 25% 25% STCG - 30%2 STCG - 30%2

slab rates slab rates 20% 20% LTCG - 20%2 LTCG - 20%2

(with Indexation) (with Indexation) 5% for IDFs 5% for IDFs with indexation with indexationOption to tax for listed units. for listed units.

@10% Unlisted 10%2 10%2

Without Indexation Units - 10% without indexation without indexation(if transferred (without Indexation)5 for unlisted units5 for unlisted units5

between1-4-2014 to10-7-2014)Unlisted

Units - 10%(without Indexation)5

FPI 4 & 10 30% 30% 10% 10% Exempt Exempt 30% 30% 30% 30% STCG - Nil6 STCG - Nil6without Indexation without Indexation LTCG - Nil6 LTCG - Nil6

5% for IDFs 5% for IDFs

EQUITY ORIENTED FUNDS (SUBJECT TO STT3)

OTHER THAN EQUITY ORIENTED FUNDS (including Infrastructure Debt Funds8)

(Contd. on next page)

Tax Rates for Mutual Fund Investors1

as per the proposed Finance Act, 2015 – SNAPSHOT


1 It is assumed that the mutual fund units are held as capital assets by the investors.

2 Plus applicable surcharge [refer note 9], if any, and Education Cess at the rate of 2% on income-tax and surcharge and Secondary and Higher Education cess at the rate of 1% on income-tax and surcharge.

3 Securities Transaction Tax (‘STT’) is applicable only in respect of sale of units of Equity-oriented funds ('EOFs') on a recognised stock exchange and redemption of EOUs by the mutual fund. Purchase/ sale/ redemptionof units other than EOUs are not subject to STT.

4 Non-resident investors shall be entitled to be governed by provisions of the applicable Tax Treaty, which India has entered with the country of residence of the non-resident investor, if that is more beneficial than theprovisions of the Income-tax Act, 1961 (‘the Act’), subject to certain conditions. As per section 90(4) of the Act, a non-resident shall not be entitled to claim treaty benefits, unless the non-resident obtains a Tax ResidencyCertificate of being a resident of his home country. Furthermore, as per section 90(5) of the Act, non-resident is also required to provide such other documents and information, as prescribed by CBDT, as applicable.

5 As per section 112 of the Act (as amended by the Finance Act, 2012), long-term capital gains in case of non-residents would be taxable @ 10% on transfer of capital assets, being unlisted securities, computed withoutgiving effect to first & second proviso to section 48 i.e. without taking benefit of foreign currency fluctuation and indexation benefit.

6 Section 196D of the Act provides that no tax is required to be withheld for payment to a FII / FPI in respect of capital gains arising on transfer of units.

7 As per provisions of Section 206AA of the Act, if there is default on the part of a non-resident investor (entitled to receive redemption proceeds from the Mutual Fund on which tax is deductible under Chapter XVII ofthe Act) to provide its Permanent Account Number, the tax shall be deducted at higher of the following rates: i) rates specified in relevant provisions of the Act; or ii) rate or rates in force; or iii) rate of 20%.

8 “Infrastructure Debt Fund” means an infrastructure debt fund as defined in clause 1 of the regulation 49L of the Securities and Exchange Board of India (Mutual Fund) Regulations, 1996. As per clause 1 of regulation49L , an ‘Infrastructure Debt Fund Scheme’ would mean, a scheme which invests primarily (minimum 90% of scheme assets) in debt securities or securitized debt instrument of infrastructure companies or infrastructurecapital companies or infrastructure projects or special purpose vehicles, etc. or other permissible assets in accordance with these regulations or bank loans in respect of completed and revenue generating projects ofinfrastructure companies or projects or special purpose vehicles.

(Contd. on next page)



9 Surcharge applicable for FY 2015-16:

Type of Investor Surcharge rate as a % of Income-tax

If income is If income exceeds `̀̀̀̀ 1 crore If income exceedsless than `̀̀̀̀ 1 crores but less than `̀̀̀̀ 10 crores `̀̀̀̀ 10 crores

Resident Individual, HUF, AOP and Partnership Firm Nil 12% 12%

Domestic Company Nil 7% 12%

Foreign Company Nil 2% 5%

Foreign non-corporate Nil 12% 12%

10 The FPI Regulations replaced the existing SEBI (Foreign Institutional Investor) Regulations, 1995 and the Qualified Foreign Investors framework, and are effective from 7 January 2014. As per NotificationNo. 9/2014 dated 22 January 2014, the Central Government has specified the Foreign Portfolio Investors registered under the Securities and Exchange Board of India (Foreign Portfolio Investors)Regulations, 2014, as ‘Foreign Institutional Investor’ for the purposes of clause (a) of the Explanation to section 115AD of the Act.

11 Rates are exclusive of surcharge at the rate of 12% and education cess at the rate of 3%.

12 With effect from 1 October 2014, as per Finance (No. 2) Act, 2014, additional tax on income distributed to unit-holders would be levied on the amount of income to be distributed including such additional tax(i.e. grossing-up), as against levy on only the amount of income to be distributed, thereby resulting in a higher effective rate of tax on distributed income.

13 Capital gains arising on the transfer or redemption of other than equity oriented units (from 1 April 2014 to 10 July 2014) held for a period of 12 months or more, immediately preceding the date of transfershould be regarded as ‘long term capital gains’. Capital gains arising on transfer or redemption of such units on or after 11 July 2014 should be regarded as long-term capital gains if such units are held for aperiod of 36 months or more immediately preceding the date of transfer.

36

This information is being provided for basic guidance for investments in mutual funds and is based on provisions of the Income-tax Act, 1961, as proposed by the FinanceAct, 2015. The tax implications may vary for each assessee based on the details of his income. All rates and figures appearing are for illustrative purposes only. Tax benefitsare subject to change in tax laws. Contents of this note have been drawn for informative purpose only and the same should not be used or considered as an investment/tax advice.The AMC/Trustee/Sponsor accepts no liability whatsoever for any direct or consequential loss arising from any information provided in this note.


SECURITIES TRANSACTION TAX

Equity Oriented Fund

STT on sale of a unit of equity oriented mutual fund to the mutual fund is levied at 0.001%.

No STT is chargeable on purchase of units of an equity oriented mutual fund entered into in recognised stock exchange.

STT on sale of a unit of an equity oriented mutual fund where the transaction is entered into in recognized stock exchange and the contract for sale is settled by theactual delivery is levied at 0.001%.

Other than Equity Oriented Fund: Purchase/ sale/ redemption of units other than equity-oriented units shall not be subject to STT.

Mutual Fund would also pay securities transaction tax wherever applicable on the securities bought/sold.

As per Section 94(7): The loss due to sale of Units in the schemes (where income distributed on MF units is tax free) will not be available for set-off to the extent of thetax free income distributed; if units are: (A) Bought within three months prior to the record date fixed for income distribution; and (B) sold within nine months after therecord date fixed for income distribution.As per Section 94(8): The loss due to sale of original Units in the schemes, where bonus Units are issued, will not be available for setoff; if original units are :- (A) Boughtwithin three months prior to the record date fixed for allotment of bonus units; and (B) sold within nine months after the record date fixed for allotment of bonus units.However, the amount of loss so ignored shall be deemed to be the cost of purchase or acquisition of such unsold bonus units held on the date of transfer of original units.

INCOME TAX RATES FOR INDIVIDUAL / HUF / AOP / BOI for AY 2016-17Total Income Tax Rates (c)

Up to ` 250,000 (a)(b)(d) NIL

` 250,001 to ` 500,000 10%

` 500,001 to ` 1,000,000 20%

` 1,000,001 and above 30%

(a) In the case of a resident individual of the age of 60 years or more but less than 80 years, the basic exemption limit is ` 300,000.(b) In the case of a resident individual of the age of 80 years or more, the basic exemption limit is ` 5,00,000.(c) Plus, surcharge on income-tax, as applicable and education cess is applicable at the rate of 2% on income-tax and secondary and higher education cess at the rate

of 1% on income-tax(d) Rebate of upto ` 2,000 available for resident individuals whose total income does not exceed ` 5,00,000.




Understanding Ratios & Risk Measures

STANDARD DEVIATION - Is the average deviation from the mean returns. It is an indication of volatility i.e. deviation from meanreturns. Lower the better.

• For instance a scheme that has a consistent four-year return of 3% would have a mean or average of 3%. The standard deviation forthis scheme would then be zero because the scheme's return in any given year does not differ from its four-year mean of 3%.

• On the other hand, a scheme that in each of the last four years returned -5%, 17%, 2% and 30% will have a mean return of 11%. Thescheme will also exhibit a high standard deviation because each year the return of the scheme differs from the mean return. Thisscheme is therefore riskier because it fluctuates widely between negative and positive returns within a short period.

Calculation = Square Root of Variance. Where Variance is the average of the squared deviations from mean returns.

BETA - Can be interpreted as percentage change in price of a scheme for every one percentage change in the market benchmark. Forexample if a scheme's beta is 1.1 and the market is expected to go up/down by 10% then the scheme will move up/down by 11%.

Calculation = Covariance of Market and Scheme's Returns Divided by Variance of the Market. Where Covariance is the Deviation ofMean Returns of Market multiplied by Deviation of Mean Returns of the scheme.

JENSEN'S ALPHA - Gives the average return of the portfolio over and above the risk free rate and market determined return. This isthe addition by the fund manager over and above the market return and hence higher the better.

Calculation = Portfolio Return - (Risk Free Rate of Return + beta [market return - Risk Free Rate of Return]).

SHARPE - Gives the returns per unit of risk. i.e. for every 1 unit of risk what is the returns of the scheme. For this purpose risk is definedas standard deviation of the scheme. Higher the Sharpe, the better.

It signifies that scheme with a higher sharpe ratio generates returns taking lesser risk. In other words, the scheme is less volatile andyet generating good returns. Thus, given same returns, the scheme with a higher Sharpe ratio offers a better avenue for investing.

Calculation = Average Scheme Return - Risk Free Rate of Return :_ Standard Deviation of the Scheme.

PORTFOLIO TURNOVER - Portfolio turnover is a measure of how actively a fund manager trades the portfolio of your scheme. Expressedin percentage or number of times, the inverse of a scheme's turnover ratio is the average holding period for a security in that scheme.If a scheme has a 20 per cent turnover ratio, it would suggest that on average that scheme will hold a security for five years beforeselling it. A scheme with a 200 per cent turnover ratio will change its portfolio in six months or in other words, replace the entireholdings in its portfolio with new stocks in six months.

Calculation = Lower of sales or purchases divided by average AUM for last rolling 12 months.

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.

++ ICRA has assigned credit risk rating of [ICRA]A1+mfs to Principal Cash Management Fund. The rating is the highest-credit-quality short-term rating assigned by ICRA to debt funds. It hasalso assigned the credit risk rating of [ICRA] AAAmfs to Principal Debt Opportunities Fund - Conservative Plan. The rating is the highest-credit-quality long term rating assigned by ICRA to debtfunds. 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 usesthe 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 publishedinvestment objectives and policies, its management characteristics, and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to supportits 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 isbreached, 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 portfoliocredit 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 creditquality. 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 betreated 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.

Centres of Karvy Computershare Private Limited (R&T to Principal Mutual Fund) which have been identified as Official Point of Acceptance:

Agra: 1st Floor, Deepak Wasan Plaza, Behind Holiday Inn, Opp. Megdoot Furnitures, Sanjay Place, Agra-282 002 • Ahmedabad: 201/202 Shail, Opp. Madhusudan House,

Navrangpura, Ahmedabad-380 006 • Ajmer: 302, 3rd Floor, Ajmer Auto Building, Opp. City Power House, Jaipur Road, Ajmer - 305 001 • Aligarh: 1st Floor, Kumar Plaza, Aligarh-202 001

• Allahabad: RSA Towers, 2nd Floor, Above Sony TV Showroom, 57, S.P. Marg, Civil Lines, Allahabad-211 001 • Amritsar: 72-A, Taylor's Road, Opp. Aga Heritage Club, Amritsar-143 001

• Anand: B-42 Vaibhav Commercial Center, Nr TVS Down Town Show Room, Grid Char Rasta, Anand-380 001 • Asansol: 114/71, G.T. Road, Near Sony Centre, Bhanga Pachil, Asansol-713

303 • Aurangabad: Ramkunj Niwas, Railway Station Road, Near Osmanpura Circle, Aurangabad-431 005 • Bangalore: 59, Skanda Puttanna Road, Basavanagudi, Bangalore-560 004

• Bankura: Ambika Market Complex, Gr. Floor, Nutanganj, Post & Dist Bankura, Bankura-722 101 • Bareilly: 1st Floor, 165, Civil Lines, Opp. Hotel Bareilly Palace, Near Railway Station,

Bareilly-243 001 • Belgaum: CTS No. 3939/ A2 A1, Above Raymonds Show Room, Beside Harsha Appliances, Club Road, Belgaum-590 001 • Bharuch: Shop No. 147-148, Aditya Complex,

Near Kasak Circle, Bharuch-392 001 • Bhatinda: #2047-A 2Nd Floor, The Mall Road, Above Max New York Life Insurance, New Delhi-151 001 • Bhavnagar: G-11 Giranjali Complex, Beside

Bhavnagar Municipal Corporation & Collector Office, Kalanala, Bhavnagar-364 001 • Bhilai: Shop No. 1, First Floor, Plot No.1, Commercial Complex, Nehru Nagar (East), Bhilai-490 020

• Bhopal: Kay Kay Business Centre, 133, Zone I, M.P. Nagar, Above City Bank, Bhopal-462 011 • Bhubaneshwar: A/181 , Back Side of Shivam Honda Show Room, Saheed Nagar,

Bhubaneswar-751 007 • Bikaner: 70-71, 2nd Floor, Dr. Chahar Building, Panchsati Circle, Sadul Ganj, Bikaner-334 001 • Bokaro: B-1, 1st Floor, City Centre, Sector-4, Near Sona Chandi

Jwellars, Bokaro-827 004 • Burdwan: 63 G.T. Road, Halder Complex 1st Floor, Burdwan-713 101 • Calicut: 2nd Floor, Soubhagya Shopping Complex, Arayidathpalam, Mavoor Road,

Calicut-673 004 • Chandigarh: SCO 2423-2424, Sector 22-C, Chandigarh-160 022 • Chennai: F-11, Akshaya Plaza, 1st Floor, 108, Adhithanar Salai, Egmore, Opp. Chief Metropolitan Court,

Chennai-600 002 • Cochin: Ali Arcade, 1st Floor, Kizhavana Road, Panampilly Nagar, Near Atlantis Junction, Ernakualm-682 036 • Coimbatore: 3rd Floor, Jaya Enclave, 1056/1057 Avinashi

Road, Coimbatore-641 018 • Cuttack: P.O. - Buxi Bazar, Cuttack, Opp. Dargha Bazar, Dargha Bazar, Cuttack-753 001 • Dehradun: Kaulagarh Road, Near Sirmaur Margabove,

Reliance Webworld, Dehradun-248 001 • Dhanbad: 208 New Market, 2nd Floor, Bank More, Dhanbad-826 001 • Durgapur: 1st Floor, Old Dutta Automobile Bldg., Nachan Road,

Benachity, Durgapur-713 213 • Erode: No. 4, Veerappan Traders Complex, KMY Salai, Sathy Road, Opp. Erode Bus Stand, Erode-638 003 • Faridabad: A-2B, 1st Floor, Nehru Groundnit,

Faridabad-121 001 • Ghaziabad: 1st Floor, C-7, Lohia Nagar, Ghaziabad-201 001 • Gorakhpur: Above V.I.P. Houseajdacent, A.D. Girls College, Bank Road, Gorakpur-273 001 • Gurgaon: Shop

No.18, Gr. Floor, Sector-14, Opp. AKD Tower, Near Huda Office, Gurgaon-122 001 • Guwahati: 1st Floor, Bajrangbali Building, Near Bora Service Station, G.S. Road, Guwahati - 781 007

• Gwalior: 2nd Floor, Rajeev Plaza, Jayendra Ganj, Lashkar, Gwalior. M.P.-474 009 • Hubli: CTC No. 483 / A1-A2, Gr. Floor, Shri Ram Plaza, Behind Kotak Mahindra Bank, Club Road, Hubli - 580 029.

• Hyderabad: ‘KARVY CENTRE’ 8-2-609/K, Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500 034. • KARVY SELENIUM, Plot No. 31 & 32, Tower B, Survey No. 115 /22, 115/24 &115/25,

Financial District, Gachibowli, Nanakramguda, Serlingampally Mandal, Ranga Reddy District, Hyderabad - 500 032 • Indore: 2nd Floor, 203-205, Balaji Corporates, Above ICICI Bank,

19/1 New Palasia, Indore-452 001 • Jabalpur: Grover Chamber, 43 Naya Bazar Malviya Chowk, Opp. Shyam Market, Jabalpur-482 002 • Jaipur: S-16/A 3rd Floor, Land Mark Building,

Opp. Jai Club, Mahaver Marg C-Scheme, Jaipur-302 001 • Jalandhar: 1st Floor, Shanti Towers, SCO No. 37, PUDA Complex, Opp. Tehsil Complex, Jalandhar-144 001 • Jalgaon: 113,

Navi Peth, B/H Mahalaxmi Dairy, Jalgaon-425 001 • Jammu: 5 A/D Extension 2, Near Panama Chowk Petrol Pump, Panama Chowk, Jammu-180 012 • Jamnagar: 136-138, Madhav Palaza,

Opp. SBI Bank, Near Lal Bunglow, Jamnagar-361 001 • Jamshedpur: 2nd Floor, R.R. Square, SB Shop Area, Near Reliance Foot Print & Hotel, BS Park Plaza, Main Road, Bistupur,

Jamshedpur-831 001 • Jodhpur: 203, Modi Arcade, Chopasni Road, Jodhpur-342 001 • Junagadh: 124-125 Punit Shopping Center, M.G. Road, Ranavav Chowk, Junagadh-362 001

• Kanpur: 15/46, B, Gr. Floor, Opp. Muir Mills, Civil Lines, Kanpur-208 001 • Karnal: 18/369, Char Chaman, Kunjpura Road, Behind Miglani Hospital, Karnal-132 001 • Kolhapur: 605/1/4,

E Ward, Shahupuri 2nd Lane, Laxmi Niwas, Near Sultane Chambers, Kolhapur-416 001 • Kolkata: 166 A, Rashbihari Avenue, 2nd Floor, Opp. Fortish Hospital, Kolkata-700 029 • Kota: 29,

1st Floor, Near Lala Lajpat Rai Circle, Shopping Centre, Kota-324 007 • Kottayam: 1st Floor Csiascension Square, Railway Station Road, Collectorate P. O., Kottayam-686 002 • Lucknow: 1st

Floor, A. A. Complex, Thaper House, 5 Park Road, Hazratganj, Lucknow - 226 001 • Ludhiana: SCO-136, 1st Floor, Above Air tel Showroom, Feroze Gandhi Market, Ludhiana-141 001

• Madurai: Rakesh Towers, 30-C, 1st Floor, Bye Pass Road, Opp. Nagappa Motors, Madurai-625 010 • Malda: Sahis Tuli, Under Ward No.6, No.1 Govt Colony, English Bazar Municipality,

Malda-732 101 • Mangalore: Mahendra Arcade, Opp. Court Road, Karangal Padi, Mangalore-575 003 • Meerut: 1st Floor, Medi Centre, Opp. ICICI Bank, Hapur Road, Near Bachha Park,

Meerut-250 002 • Mehsana: Ul-47, Apollo Enclave, Opp. Simandhar Temple, Modhera Cross Road, Mehsana-384 002 • Moradabad: Om Arcade, Parker Road, Above Syndicate Bank, Chowk Tari

Khana, Moradabad-244 001 • Mumbai: 24/B, Raja Bahadur Compound, Ambalal Doshi Marg, Behind BSE Bldg., Fort, Mumbai-400 001 • Mumbai - Borivali: Gr. Floor, Himanshu Bldg.,

Sodawala Lane, Lina Chandawarkar Road, Borivali, Mumbai-400 091 • Mumbai - Thane: 101, Yashwant Building, Ram Ganesh, Godkari Path, Ram Maruti Road, Naupada, Thane-400 602

• Muzaffarpur: 1st Floor, Uma Market, Thana Gumtimoti Jheel, Muzaffarpur-842 001 • Mysore: L-350, Silver Tower, Ashoka Road, Opp. Clock Tower, Mysore-570 001 • Nadiad: 104/105, Near

Paras Cinema, City Point Nadiad, Nadiad-387 001 • Nagpur: Plot No. 2/1, House No 102/1, Mangaldeep Appartment, Mata Mandir Road, Opp. Khandelwal Jewelers, Dharampeth,

Nagpur-440 010 • Nasik: S-12,Suyojit Sankul, Sharanpur Road, Near Rajiv Gandhi Bhavan, Nasik-422 002 • Navsari: 1/1 Chinmay Aracade, Opp. Sattapir Road, Tower Road, Navsari-396 445

• New Delhi: 305, New Delhi House, 27, Barakhamba Road, New Delhi -110 001 • Noida: 405, 4th Floor, Vishal Chamber, Plot No. 1, Sector-18, Noida - 201 301 • Panipat: 1st Floor, Krishna

Tower, Above Amertex, G.T. Road, Panipat-132 103 • Panjim: City Business Centre, Coelho Pereira Building, Room No. 18,19 & 20, Dada Vaidya Road, Panjim-403 001 • Patiala: SCO-27 D,

Chotti Baradari, Near Car Bazaar, Patiala-147 001 • Patna: 3-A, 3rd Floor, Anand Tower, Exhibition Road, Opp. ICICI Bank, Patna-800 001 • Pondicherry: No. 7, Thiayagaraja Street,

Pondicherry-605 001 • Pune: Mozaic Bldg, CTS No.1216/1, Final Plot No. 576/1 TP, Scheme No.1, F. C. Road, Bhamburda, Shivaji Nagar, Pune - 411 004 • Raipur: 2 & 3, Lower Level, Millenium

Plaza, Room No. L 1, 2 & 3, Behind Indian Coffee House, Raipur-492 001 • Rajkot: 104, Siddhi Vinyak Complex, Opp. Ramkrishna Ashram, Dr. Yagnik Road, Rajkot, Rajkot-360 001

• Ranchi: Room No. 307, 3rd Floor, Commerce Tower, Beside Mahabir Tower, Ranchi-834 001 • Rourkela: 1st Floor, Sandhu Complex, Kachery Road, Uditnagar, Rourekla-769 012

• Salem: No. 40, 2nd Floor, Brindavan Road, Fairlands, Near Perumal Koil, Salem-636 016 • Shillong: Annex Mani Bhawan, Lower Thana Road, Near R K M Lp School, Shillong-793 001

• Shimla: Triveni Building, By Pas Chowkkhallini, Shimla-171 002 • Siliguri: Nanak Complex, Sevoke Road, Siliguri-734 001 • Surat: G-5, Empire State Buliding, Near Udhna Darwaja, Ring Road,

Surat-395 002 • Tirunelveli: 55/18, Jeney Building, S.N. Road, Near Aravind Eye Hospital, Tirunelveli-627 001 • Trichur: 2nd Floor, Brothers Complex, Naikkanal Junction, Shornur Road,

Near Dhanalakshmi Bank H O, Thrissur-680 001 • Trichy: 60, Sri Krishna Arcade, Thennur High Road, Trichy-620 017 • Trivandrum: 2nd Floor, Akshaya Tower, Sasthamangalam,

Trivandrum-695 010 • Udaipur: 201-202, Madhav Chambers, Opp. GPO, Chetak Circle, Udaipur-313 001 • Vadodara: SB-5, Mangaldeep Complex, Opp. Masonic Hall, Productivity Road,

Alkapuri, Baroda-390 007 • Valsad: Shop No. 2 , Phiroza Corner, Opp. Next Show Room, Tithal Road, Valsad-396 001 • Vapi: Shop No. 12, Ground Floor, Sheetal Appatment, Near K.P. Tower,

Vapi-396 195 • Varanasi: D-64/132, 1st Floor, Anant Complex, Sigra, Varanashi-221 010 • Vellore: No. 1, M. N. R. Arcade, Officers Line, Krishna Nagar, Vellore-632 001

• Vijayawada: 39-10-7, Opp. Municipal Water Tank, Labbipet, Vijayawada-520 010 • Visakhapatnam: Door No: 48-8-7, Dwaraka Dimond, Gr. Floor, Srinagar, Visakhapatnam - 530 016

• Warangal: 5-6-95, 1st Floor, Opp. B.Ed Collage, Lashkar Bazar, Chandra Complex, Hanmakonda, Warangal-506 001.

Offices of AMC Identified as Official Point of Acceptance (OPA) / Investor Service Centres (ISC)

Principal Pnb Asset Management Company Private Limited - OPA & ISC:

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

Principal Pnb Asset Management Company Private Limited - ISC:

• Ahmedabad: 102, Megha House, Opp. Kotak Mahindra Bank, Mithakhali Law Garden Road, Ahmedabad-380 006

• Bengaluru: Salarpuria Landmark, 2nd Floor, Unit No. 2002, 100 Feet Road, HAL II Stage, Bengaluru-560 038

• Chandigarh: SCO No. 145-146, 1st Floor, Sector 9-C, Chandigarh-160 009

• Chennai: Nirupama & Neelima Building, New Unit No.55, Vijaya Raghava Road, T. Nagar, Chennai-600 017

• Hyderabad: ANR Center, Unit No. 201, 1st Floor, Road No.1, Banjara Hills, Hyderabad - 500 034

• Jaipur: 61-A, Vasanti, Sardar Patel Marg, C-Scheme, Jaipur-302 001

• Kolkata: Bachhawat House, Premises No.2, Dr. Martin Luther King Sarani, (Formerly Upper Wood Street), Kolkata-700 016

• Lucknow: Rohtas Trident, 1st Floor, 10, Rana Pratap Marg, Lucknow-226 001

• New Delhi: Unit No. 001 & 002, Gr. Floor, DLF Capitol Point, Baba Kharag Singh Marg, New Delhi-110 001

• Pune: Unit No: 103 & 104, 1st Floor, Rainbow Plaza, Opp. Modern Highschool, Jangali Maharaj Road, Shivaji Nagar, Pune - 411 005.

Points of Service (“POS”) of MF UTILITIES INDIA PRIVATE LIMITED (“MFUI”) as Official Point of Acceptance:

The Online Transaction Portal of MF Utility is www.mfuonline.com and the list of POS of MFUI is published on the website of MFUI at www.mfuindia.com,as updated from time to time.

Name, Address and Website of Registrar:Karvy Computershare Pvt. Ltd. (Unit: Principal Mutual Fund),

Karvy Registry House, #8-2-596, Avenue 4, Street No. 1, Banjara hills, Hyderabad-500 034. Website: www.karvycomputershare.com

For any enquiries and / or queries, investors are advised to address a suitable communication to AMC at:

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