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1 April, 2018 TM Presenting, 3-in-1 Perpetual Once begun, this will continue unless you choose to stop Booster* # My Date Choose SIP dates as per your choice, you could also opt to have multiple dates under same scheme i-choose You have the freedom to Choose Schemes & Decide Amount i-name Give a name to your SIP Pause Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

2 Index Details Equity Markets Round Up 2 Fixed Income Market Update 3 How to Read Factsheet 4 Product Suitability 5 NAV (Net Asset Value) 6 Equity Funds Principal Emerging Bluechip Fund 7 Principal Multi Cap Growth Fund 8 Principal Tax Savings Fund 9 Principal Personal Tax Saver Fund 10 Principal Large Cap Fund 11 Principal Dividend Yield Fund 12 Principal Index Fund - Nifty 13 Principal Arbitrage Fund 14 Hybrid Funds Principal Balanced Fund 15 Principal SMART Equity Fund 16 Principal Equity Savings Fund 17 Fixed Income Funds Principal Cash Management Fund 18 Principal Low Duration Fund 19 Principal Short Term Income Fund 20 Principal Dynamic Bond Fund 21 Principal Credit Opportunities Fund 22 Principal Debt Savings Fund 23 Principal Money Manager Fund 24 Fund of Funds Principal Global Opportunities Fund 25 Principal Asset Allocation Fund-of-Funds (Conservative Plan) 25 Principal Asset Allocation Fund-of-Funds (Aggressive Plan) 26 Principal Asset Allocation Fund-of-Funds (Moderate Plan) 26 Other Details Annexure for returns of all the Schemes 27 1

3 EQUITY & DEBT MARKET OUTLOOK Equity Markets Round Up: April 2018 During the month, MSCI India (USD) index (+ 4.2%) did better than MSCI EM (USD) index which was down 0.41%. According to provisional figures, the flows into EM equity were down in April compared to the previous month. Emerging Asia had outflows of USD 3.83 Billion in April vs inflows of USD 2.41 in March. As far as India was concerned, FII flows were negative to the tune of about Rs. 5,550 crores as given below. Mutual Funds remained positive however. In terms of earnings, mostly Technology, Financials, and select cement, consumer goods and automotive companies have reported thus far. The NBFCs and private banks have shown good growth. However, in a few cases, the private banks have had to provision for divergences in asset quality as prescribed by RBI or for stressed asset quality. For cement companies, the volume growth has been strong but the EBITDA numbers have been broadly in line with street estimates as fuel costs rose. While metals companies have yet to declare their results, they are likely to show growth as prices and spreads have risen. IT companies mentioned about better traction likely from their biggest vertical, viz. the BFSI space. They broadly performed in line with expectations. Their stocks rallied supported by a weaker Rupee. Automobile companies, both the CV players and the 2-wheeler manufacturers saw strong volume growth. In macro parameters, IIP for February rose to 7.1%, with double digit expansion in 20 out of 23 manufacturing sectors. Capital goods component grew 20%. The sense is that companies are at least looking at doing brown field capex, although whole sale green field capex is still not there. However, metals companies are mostly looking for resolution of cases at NCLT to add to capacity rather than doing major capex even though demand is strong. Global oil prices rose 45% yoy which, combined with tepid export numbers are likely to put pressure on the current account deficit. The trade deficit for March came in at USD 13.7 Billion vs USD 12 Billion for the month of February. Equity Market Outlook The macro picture for India is somewhat adverse given higher crude prices, likely rising inflation in the second half of the year and potential stress on fiscal deficit as the government spending could be higher in rural areas (on higher support prices for crops and on rural infrastructure for example) ahead of elections. The states also are running higher fiscal deficit as expenditure on farm loan waivers and weaker than expected results from UDAY are stressing their budgets. However, the ground level bottom up news from companies is positive in terms of volume growth for consumer durables, cement and autos, particularly in the rural areas. One concern here is that earnings expectations for FY 19 may be revised downwards as earnings for financials, which account for a big chunk of the index may be impacted as a result of RBI directive regarding recognition of bad assets and continued, though reduced slippages. Further, global political environment, including fresh tensions in the middle east and a busy election calendar in India will keep news flow heavy. We expect markets to broadly move sideways and give moderate returns, with substantial volatility in between. Data Item Growth 1 Month 1 year MSCI EM Index (USD) MSCI EM Index Local MSCI World Index (USD) Indian Rupee Dollar Index (DXY) Crude Oil- Brent CRB Index Gold Copper Iron Ore Cotton (Cotlook A Index) Data as on 30th April Source: Bloomberg Indicators Mar-18 Apr-18 FII net flows (Rs. Crs) 11, (5,552.00) Mutual Fund net flows (Rs. Crs) 7, , Exports (USD Billion) Imports (USD Billion) CPI IIP Data as on 30th April Souce: Bloomberg, NSDL and Sebi websites 2

4 Performance As on April 30, 2018* Broad Indices Index 1 Month 3 Months 6 Months 1 Year Nifty S&P BSE Sensex S&P BSE S&P BSE S&P BSE S&P BSE MID CAP S&P BSE SMALL CAP *Performance for less than one year are absolute returns. Source - MFI Explorer Sectoral Indices Index 1 Month 3 Months 6 Months 1 Year S&P BSE AUTO S&P BSE Bankex S&P BSE CD S&P BSE CG S&P BSE FMCG S&P BSE HC S&P BSE METAL S&P BSE Oil & Gas S&P BSE PSU S&P BSE Teck Fixed Income Market Update: April 2018 Key Market Highlights: During the month, rates rose across money market, corporate bonds and gilts. The main reasons were higher than expected SDL supply, lower than expected banking system liquidity, rise in US treasury yields, rise in crude oil prices, rupee depreciation, hawkish RBI MPC minutes and increase in core CPI. Poor market sentiment also continued to impact yields. The ten year gilt benchmark closed the month at 7.76%, 36 bps higher from previous month. The ten year AAA Corporate bond benchmark closed at 8.47%, 30 bps higher than previous month. The five year AAA corporate bond benchmark closed at 8.47%, 30 bps higher as compared to previous month. Ten year SDL spreads contracted in a range of bps to the ten year gilt benchmark. 1 year CD rates closed at 7.49%, 13 bps higher than previous month. 1 year T bill yield closed 9 bps higher at 6.50%. 3 month CD rates closed at 7.05% (2 bps lower) and 3 month T bill yields rose 10 bps to 6.20%. Brent Crude oil prices further rose during the month to USD per barrel. INR also depreciated during the month to Rs as compared to in previous month. For the month of April, FPIs were net sellers in the debt market to the tune of Rs 15,696 cr. India s March trade deficit fell to USD bn, higher than previous month. The ten year benchmark US treasury yield rose by 17 bps to close the month at March WPI data release came at 2.47%. CPI for March came at 4.28% compared to 4.44% in previous month. Feb Industrial production (IIP) growth came at 7.1% compared to 7.4% for previous month. For the month banks net lent on an average Rs Cr at various RBI liquidity facilities put together reflecting surplus liquidity conditions. As was widely expected RBI kept key rates unchanged at its Monetary Policy Review. Inflation forecast was lowered to 4.7 to 5.1% range for H and 4.4% for H2. This was perceived as dovish by market participants and prices rose. Subsequent MPC minutes released showed a more hawkish tone by certain key members and prices fell thereafter. RBI also released the indicative borrowing calendar for April to June 2018 quarter for States which is in range of Rs 1.15 lakh cr to Rs 1.28 lakh cr. Towards end of the month several significant changes were done to FPI framework for investment in debt securities including relaxing the tenor restrictions and introduction of concentration exposure limits. These measures seem intended to reverse the recent FPI outflows and lower the yields at the short end of the curve. Outlook: Banking system liquidity is expected to remain in surplus mode to average Rs cr as per our internal forecasts. Higher than expected govt receipts, currency in circulation or RBI fx intervention can reduce banking system liquidity. Overall short term money market rates are expected to remain benign. Gilt and corporate bond yields may remain elevated due to recent domestic and macro events as discussed above. Value buying can emerge at the short to medium part of the gilt yield curve on recent FPI relaxations, higher rates and attractive spread to repo. 3

5 How to Read Factsheet Fund Manager - An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts. Application Amount For Fresh Subscription - This is the minimum investment amount for a new investor in a mutual fund scheme. Minimum Additional Amount - This is the minimum investment amount for an existing investor in a mutual fund scheme. Yield To Maturity - The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond s current market price, par value, coupon interest rate and time to maturity. SIP - SIP or systematic investment plan works on the principle of making periodic investments of a fixed sum. It works similar to a recurring bank deposit. For instance, an investor may opt for an SlP that invests 500 every 15 th of the month in an equity fund for a period of three years. NAV - The NAV or the net asset value is the total asset value per unit of the mutual fund after deducting all related and permissible expenses. The NAV is calculated at the end of every business day. It is the value at which the investor enters or exits the mutual fund. Benchmark - A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of mutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year G-sec. Entry Load - A mutual fund may have a sales charge or load at the time of entry and/or exit to compensate the distributor/agent. Entry load is charged at the time an investor purchases the units of a mutual fund. The entry load is added to the prevailing NAV at the time of investment. For instance, if the NAV is 100 and the entry load is 1%, the investor will enter the fund at 101. Note: SEBI, vide circular dated June 30, 2009 has abolished entry load and mandated that the upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by the distributor. Exit Load - Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is 100 and the exit load is 1%, the redemption price would be 99 per unit. Modified Duration - Modified duration is the price sensitivity and the percentage change in price for a unit change in yield. Standard Deviation - Standard deviation is a statistical measure of the range of an investment s performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. Sharpe Ratio - The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. Beta - Beta is a measure of an investment s volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security s price will be more volatile than the market. AUM - AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm. Holdings - The holdings or the portfolio is a mutual fund s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets or the rupee value or both. The objective is to give investors an idea of where their money is being invested by the fund manager. Nature Of Scheme - The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by investing in stock markets is an equity fund or growth fund. Likewise, a mutual fund that aims at capital preservation by investing in debt markets is a debt fund or income fund. Each of these categories may have subcategories. Rating Profile - Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings becomes the rating profile of the fund. Typically, this is a feature of debt funds. MAAUM - Monthly Average Asset Under Management ++ ICRA has assigned credit risk rating of [ICRA]A1+mfs to Principal Low Duration Fund and Principal Cash Management Fund. The rating is the highestcredit-quality short-term rating assigned by ICRA to debt funds. Rating methodology used by ICRA is based on evaluating the inherent credit quality of the mutual funds portfolio. As a measure of the credit quality of a debt fund s assets, ICRA uses the concept of credit scores, based on ICRA s assessment of credit risk associated with each exposure of the portfolio taking into account its maturity. To quantify the credit risk scores, ICRA uses its database of historical default rates for various rating categories for various maturity buckets. The credit risk ratings incorporate ICRA s assessment of a debt fund s published investment objectives and policies, its management characteristics, and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published rating opinions. If the portfolio credit score meets the benchmark of the assigned rating during the review, the rating is retained. In an event that the benchmark credit score is breached, ICRA gives a month s time to the debt fund manager to bring the portfolio credit score within the benchmark credit score. If the debt fund manager is able to reduce the portfolio credit score within the benchmark credit score, the rating is retained. If the portfolio still continues to breach the benchmark credit score, the rating is revised to reflect the change in credit quality. The ratings should, however, not be construed as an indication of the prospective performance of the Mutual fund scheme or of volatility in its returns. ICRA ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments. ICRA ratings are subject to a process of surveillance which may lead to a revision in ratings. Source: ICRA Ltd. ++ CARE s fund credit quality rating is not a recommendation to purchase, sell, or hold a security / fund. It neither comments on the current market price, suitability for a particular investor nor on the prospective performance of the fund with respect to appreciation, volatility of net asset value (NAV), or yield of the fund. The ratings do not address the funds ability to meet the payment obligations to the investors. The ratings are based on current information furnished to CARE by the issuer or obtained by CARE from sources it considers reliable. CARE does not, however, guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CARE does not perform an audit in connection with any rating and may, on occasion, rely on unaudited information. The ratings may be changed, suspended, or withdrawn as a result of changes in, or unavailability of, such information, or based on other circumstances. Funds rated by CARE have paid a rating fee. 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 - or can call us at to get a copy of the same. 4

6 Product Suitability Scheme Names This product is suitable for investors who are seeking~ Riskometer Principal Large Cap Fund (An Open-ended Equity Scheme) Principal Emerging Bluechip Fund (An open ended equity scheme investing in both large cap and midcap stocks.) Principal Multi Cap Growth Fund (An open ended equity scheme investing across large cap, mid cap, small cap stocks) Principal Dividend Yield Fund (An open ended equity scheme predominantly investing in dividend yielding stocks) Principal Index Fund - Nifty (An Open-ended Index Scheme) Principal SMART Equity Fund (An Open-ended Equity Scheme) Principal Personal Tax Saver Fund (An Open-ended Equity Linked Savings Scheme) Principal Tax Savings Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) Principal Balanced Fund (An Open-ended Balanced Scheme) Principal Equity Savings Fund (An Open-ended Equity Scheme) Principal Asset Allocation Fund-of-Funds - Conservative Plan (An Open-ended Fund-of-Funds Scheme) Principal Asset Allocation Fund-of-Funds - Moderate Plan (An Open-ended Fund-of-Funds Scheme) Principal Asset Allocation Fund-of-Funds - Aggressive Plan (An Open-ended Fund-of-Funds Scheme) Principal Debt Savings Fund (An Open-ended Income Scheme) Principal Dynamic Bond Fund (An open ended dynamic debt scheme investing across duration) Principal Credit Opportunities Fund (An Open-ended Debt Scheme) Principal Short Term Income Fund (An Open-ended Income Scheme) Principal Arbitrage Fund (An open ended scheme investing in arbitrage opportunities) Principal Low Duration Fund (An Open-ended Debt Scheme) Long term Capital Growth. Investment in equity & equity related securities including equity derivatives of large capitalization Companies Long term Capital Growth. Investment in equity & equity related securities including equity derivatives of large & mid capitalization companies. Long term Capital Growth. Investment in equity & equity related securities including equity derivatives of companies across market capitalization. Long term Capital Growth. Investment in equity & equity related securities including equity derivatives of high dividend yield Companies. Long term Capital Growth. Investment in equity securities including equity derivatives of Nifty 50 Companies. Long term Capital Growth. Investment in equity & equity related securities including equity derivatives of large capitalization Companies as well as Debt/ Money Market securities through a systematic allocation of Funds between Equity & Debt on the basis of the Price Earnings Ratio of Nifty 50. Long term Capital Growth with a three year lock-in. Investment in equity & equity related securities including equity derivatives of large capitalization Companies. Long term Capital Growth with a three year lock-in. Investment in equity & equity related securities including equity derivatives of companies across market capitalization. Income and Long term Capital Growth. Investment in equity & equity related securities, debt/money market securities as well as derivatives. Income generation and capital appreciation over the medium to long term. Investment in equity and equity related instruments, debt and money market instruments and arbitrage opportunities. Income and Capital growth over a long term investment horizon. Investment primarily in debt/money market mutual funds with some exposure to equity mutual funds. Capital growth and Income over a long term investment horizon. Investment in a basket of equity mutual funds, debt/money market mutual funds and Gold ETFs. Capital growth over a long term investment horizon. Investment primarily in equity mutual funds with some allocation to debt/money market mutual funds and Gold ETFs. Income over a long term investment horizon. Investment in Debt & Money Market Instruments. Income over a long term investment horizon. Investment in Debt & Money Market Instruments. Income over a long term investment horizon. Investment in Debt & Money Market Instruments of Private & Public Sector Companies. Income over a medium term investment horizon. Investment in Debt & Money Market Instruments. Income over short-term. Income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment. Income over a short term investment horizon. Investment in Debt & Money Market Instruments. Principal Money Manager Fund (An Open-ended Money Market Scheme) Income over a short term investment horizon. Investment in Money Market Instruments. Principal Global Opportunities Fund (An Open-ended Fund of Funds Scheme) Long term Capital Growth. Investment in overseas mutual fund schemes. Principal Cash Management Fund (An Open-ended Liquid Scheme) Income over a short term investment horizon. Investment in Debt & Money Market Instruments, with maturity not exceeding 91 days. ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 5

7 NAV (Net Asset Value) Equity Funds (As on April 30, 2018) Principal Emerging Bluechip Fund () Principal Multi Cap Growth Fund () Principal Tax Savings Fund () Regular Plan - Growth Regular Plan - Growth Regular Plan - Growth Regular Plan - Half Yearly Dividend Option Regular Plan - Half Yearly Dividend Option Regular Plan - Half Yearly Dividend Option Direct Plan - Growth Direct Plan - Growth Direct Plan - Growth Direct Plan - Half Yearly Dividend Option Direct Plan - Half Yearly Dividend Option Direct Plan - Half Yearly Dividend Option Principal Personal Tax Saver Fund () Principal Large Cap Fund () Principal Dividend Yield Fund () Regular Plan - Growth Regular Plan - Growth Regular Plan - Growth Direct Plan - Growth Regular Plan - Half Yearly Dividend Option Regular Plan - Half Yearly Dividend Option Direct Plan - Growth Direct Plan - Growth Direct Plan - Half Yearly Dividend Option Direct Plan - Half Yearly Dividend Option Principal Index Fund - Nifty () Principal Arbitrage Fund () Regular Plan - Growth Regular Plan - Growth Regular Plan - Dividend Regular Plan - Monthly Dividend Option Direct Plan - Growth Direct Plan - Growth Direct Plan - Dividend Direct Plan - Monthly Dividend Option Hybrid Funds (As on April 30, 2018) Principal Balanced Fund () Principal SMART Equity Fund () Principal Equity Savings Fund () Regular Plan - Growth Regular Plan - Growth Regular Plan - Growth Regular Plan - Monthly Dividend Option Regular Plan - Monthly Dividend Option Regular Plan - Quaterly Dividend Option Direct Plan - Growth Direct Plan - Growth Regular Plan - Half Yearly Dividend Option Direct Plan - Monthly Dividend Option Direct Plan - Monthly Dividend Option Direct Plan - Growth Direct Plan - Quaterly Dividend Option Direct Plan - Half Yearly Dividend Option Fixed Income Funds (As on April 27, 2018) Principal Cash Management Fund () Principal Low Duration Fund () Principal Short Term Income Fund () Regular Plan - Growth Regular Plan - Growth Regular Plan - Growth Regular Plan - Daily Dividend Option Regular Plan - Daily Dividend Option Regular Plan - Monthly Dividend Option Regular Plan - Weekly Dividend Option Regular Plan - Weekly Dividend Option Direct Plan - Growth Regular Plan - Monthly Dividend Option Regular Plan - Monthly Dividend Option Direct Plan - Monthly Dividend Option Direct Plan - Growth Direct Plan - Growth Direct Plan - Daily Dividend Option Direct Plan - Daily Dividend Option Direct Plan - Weekly Dividend Option Direct Plan - Weekly Dividend Option Direct Plan - Monthly Dividend Option Direct Plan - Monthly Dividend Option Principal Dynamic Bond Fund () Principal Credit Opportunities Fund () Principal Debt Savings Fund () Regular Plan - Growth Regular Plan - Growth Regular Plan - Growth Regular Plan - Quaterly Dividend Option Regular Plan - Monthly Dividend Option Regular Plan - Monthly Dividend Option Regular Plan - Annually Dividend Option Direct Plan - Growth Regular Plan - Quaterly Dividend Option Direct Plan - Growth Direct Plan - Monthly Dividend Option Direct Plan - Growth Direct Plan - Quaterly Dividend Option Direct Plan - Annually Dividend Option Principal Money Manager Fund () Regular Plan - Growth Regular Plan - Daily Dividend Option Regular Plan - Weekly Dividend Option Regular Plan - Monthly Dividend Option Direct Plan - Growth Direct Plan - Monthly Dividend Option Fund of Funds (As on April 27, 2018) Principal Global Opportunities Fund (As on April 30, 2018) Principal Asset Allocation Fund-of-Funds (CP) Principal Asset Allocation Fund-of-Funds (AP) Regular Plan - Growth Regular Sub Plan - Growth Regular Sub Plan - Growth Regular Plan - Dividend Direct Sub Plan - Growth Direct Sub Plan - Growth Direct Plan - Growth Direct Plan - Dividend Principal Asset Allocation Fund-of-Funds (MP) Regular Sub Plan - Growth Direct Sub Plan - Growth

8 Principal Emerging Bluechip Fund (An open ended equity scheme investing in both large cap and midcap stocks.) Investment Objective: The primary objective of the Scheme is to achieve long-term capital appreciation by investing in equity & equity related instruments of large cap & midcap companies. Data as on April 30, 2018 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 6.00% risk free rate of return (1 days - MIBOR Rate as on April 27, 2018). ** The Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/ period Average asset under Management for the relevant year/period (As on April 30, 2018). # Total Expense Ratio is weighted average for the month. Ratio excludes GST on management fees. Sector Allocation (As on April 30, 2018) (% of NAV) Market Cap Allocation (As on April 30, 2018) (% of NAV) 40% 30% 20% 10% 0% Minimum Investment Amount () New Investor- 5,000 SIP- 500 Existing Investor- 1,000 STP- 1,000 RWP installments each Asset Under Managment ( Cr) MAAUM: 1, AUM: 1, Exit Load: If redeemed on or before 1 Year from the date of allotment - 1% & Benchmark Regular Plan: November 12, 2008 Benchmark: S&P BSE 250 Large Midcap Index (w.e.f. April 23, 2018) Options Both the Plans offer Growth & Half Yearly Dividend Option. Half Yearly Dividend Option under both the Plans offers facility of Payout, Reinvestment and Sweep % 34.55% Name: Dhimant Shah Managing Since: June 2011 Total Experience: 26 years Ratios & Other Details (As on April 30, 2018) Standard Deviation^ (Annualised): 16.95% Beta^ : 1.17 Sharpe Ratio^ (Annualised) : 0.76 Turnover Ratio**: 0.66 Expense Ratio # (As on April 30, 2018) Direct Plan % Regular Plan % 27.71% 2.44% 0.38% 0.33% Equity & Equity Related Instruments of Large Cap Companies Equity and equity related instruments of Companies other than Large & Mid Cap Equity & Equity Related Instruments of Mid Cap Cash and Other Assets Mutual Funds Derivatives Banks 11.83% Industrial Products 8.44% Finance 7.13% Chemicals 6.20% Software 5.57% Consumer Non Durables 5.55% Auto Ancillaries 5.42% Consumer Durables 4.98% Cement 4.55% Auto 3.74% Construction Project 3.64% Pharmaceuticals 3.38% Gas 3.31% Transportation 2.91% Textile Products 2.90% Construction 2.44% Ferrous Metals 2.15% Petroleum Products 2.02% Media & Entertainment 1.92% Industrial Capital Goods 1.51% Commercial Services 1.38% Non - Ferrous Metals 1.32% Telecom - Equipment & Accessories 0.99% Power 0.96% Textiles - Cotton 0.93% Pesticides 0.93% Textiles - Synthetic 0.75% Market Cap Ranges will be determined as per prevailing SEBI/ AMFI guidelines where Large Cap: 1st -100th company in terms of full market capitalization. Mid Cap: 101st -250th company in terms of full market capitalization. Small Cap: 251st company onwards in terms of full market capitalization. Name % of NAV Banks IndusInd Bank Ltd HDFC Bank Ltd ICICI Bank Ltd Kotak Mahindra Bank Ltd Yes Bank Ltd State Bank of India 1.03 The Federal Bank Ltd Bandhan Bank Ltd City Union Bank Ltd Industrial Products 8.44 AIA Engineering Ltd Finolex Industries Ltd Finolex Cables Ltd Ramkrishna Forgings Ltd Mold-Tek Packaging Ltd Graphite India Ltd Schaeffler India Ltd Jain Irrigation Systems Ltd Finance 7.13 Bajaj Finance Ltd Mahindra & Mahindra Financial Services Ltd Dewan Housing Finance 1.17 Bharat Financial Inclusion Ltd Bajaj Finserv Ltd Muthoot Finance Ltd Software 5.57 Cyient Ltd Tata Consultancy Services Ltd Infosys Ltd L&T Technology Services Ltd Consumer Non Durables 5.55 Britannia Industries Ltd United Spirits Ltd ITC Ltd Parag Milk Foods Ltd Chemicals 5.53 Navin Fluorine International Ltd Tata Chemicals Ltd Gujarat Narmada Valley Fertilizers & Chemicals Ltd Himadri Speciality Chemical Ltd Atul Ltd Auto Ancillaries 4.02 MRF Ltd Exide Industries Ltd Motherson Sumi Systems Ltd Auto 3.74 Eicher Motors Ltd Mahindra & Mahindra Ltd Construction Project 3.64 KEC International Ltd Voltas Ltd NCC Ltd Cement 3.46 Shree Cement Ltd Dalmia Bharat Ltd Grasim Industries Ltd Consumer Durables 3.41 Bajaj Electricals Ltd Performance (As on 30/04/2018) Principal Emerging Bluechip Fund Name % of NAV Dixon Technologies (India) Ltd Bata India Ltd Pharmaceuticals 3.38 Torrent Pharmaceuticals Ltd Aurobindo Pharma Ltd Natco Pharma Ltd Transportation 2.91 Container Corporation of India Ltd Spicejet Ltd TCI Express Ltd Textile Products 2.90 SRF Ltd S. P. Apparels Ltd Raymond Ltd Gas 2.61 Indraprastha Gas Ltd Petronet LNG Ltd Petroleum Products 2.02 Reliance Industries Ltd Indian Oil 0.80 Ferrous Metals 2.00 Shankara Building Products Ltd Steel Authority of India Ltd Media & Entertainment 1.92 PVR Ltd Sun TV Network Ltd Construction 1.78 PSP Projects Ltd NBCC (India) Ltd Commercial Services 1.38 Security and Intelligence Services (I) Ltd Telecom - Equipment & Accessories 0.99 Sterlite Technologies Ltd Power 0.96 CESC Ltd Pesticides 0.93 UPL Ltd Textiles - Cotton 0.93 Vardhman Textiles Ltd Non - Ferrous Metals 0.85 Hindustan Zinc Ltd Industrial Capital Goods 0.78 BEML Ltd Textiles - Synthetic 0.75 Ganesha Ecosphere Ltd Other Equities* 8.14 Total Equity Derivatives 0.33 National Aluminium Company Ltd Investment Funds/Mutual Funds 0.38 Principal Short Term Income Fund - Direct Plan - Growth Option 0.29 Principal Cash Management Fund - Growth Option 0.09 CBLO / Reverse Repo Investments 2.93 Cash & Cash Equivalents * Holdings less than 0.75% S&P BSE 250 Large Midcap Index - TRI Nifty 50 - TRI 1 Year ( to ) Years ( to ) Years ( to ) Since Inception ( to ) Past performance may or may not be sustained in future. (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) are based on standard investment of 10,000/- made at the beginning of relevant period. Performance Dividend (/Unit)* Cum Dividend NAV Dividend (/Unit)* Cum Dividend NAV 15-Dec N.A. N.A. 16-Jun N.A. N.A. 23-Dec N.A. N.A. Past performance may or may not be sustained in the future. * On face value of 10. Note: All Dividend (/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. 7

9 Investment Objective: To achieve long term capital appreciation. Principal Multi Cap Growth Fund (An open ended equity scheme investing across large cap, mid cap, small cap stocks) Data as on April 30, 2018 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 6.00% risk free rate of return (1 days - MIBOR Rate as on April 27, 2018). ** The Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (As on April 30, 2018). # Total Expense Ratio is weighted average for the month. Ratio excludes GST on management fees. Minimum Investment Amount () New Investor- 5,000 SIP- 500 Existing Investor- 1,000 STP- 1,000 RWP installments each Asset Under Managment ( Cr) MAAUM: AUM: Exit Load: 1% - If redeemed within 365 days from the date of allotment. Nil - If redeemed after 365 days from the date of allotment. & Benchmark Regular Plan: October 25, 2000 Benchmark: Nifty 500 Index (w.e.f. April 23, 2018) Options Both the Plans offer Growth & Half Yearly Dividend Option. Half Yearly Dividend Option under both the Plans offers facility of Payout, Reinvestment and Sweep. Name: P.V.K. Mohan Managing Since: September 2010 Total Experience: 24 years Ratios & Other Details (As on April 30, 2018) Standard Deviation^ (Annualised): 16.97% Beta^ : 1.19 Sharpe Ratio^ (Annualised) : 0.69 Turnover Ratio**: 0.29 Expense Ratio # (As on April 30, 2018) Direct Plan % Regular Plan % Name % of NAV Banks HDFC Bank Ltd ICICI Bank Ltd State Bank of India 2.36 Kotak Mahindra Bank Ltd Karur Vysya Bank Ltd The Federal Bank Ltd Bank of Baroda 0.95 Canara Bank 0.90 City Union Bank Ltd Vijaya Bank 0.80 Axis Bank Ltd Syndicate Bank 0.54 Consumer Non Durables ITC Ltd Bombay Burmah Trading 2.28 United Spirits Ltd Dabur India Ltd Britannia Industries Ltd GlaxoSmithKline Consumer Healthcare Ltd Software 7.30 Infosys Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Finance 6.33 Housing Development Finance 2.57 ICICI Prudential Life Insurance Company Ltd Dewan Housing Finance 1.13 Shriram Transport Finance Company Ltd Power 5.21 Tata Power Company Ltd NTPC Ltd Kalpataru Power Transmission Ltd Rattanindia Power Ltd Construction Project 5.12 Larsen & Toubro Ltd KEC International Ltd Hindustan Construction Company Ltd Auto 5.08 Maruti Suzuki India Ltd Hero MotoCorp Ltd Mahindra & Mahindra Ltd Tata Motors Ltd Chemicals 4.17 Phillips Carbon Black Ltd Rain Industries Ltd Gujarat Narmada Valley Fertilizers & Chemicals Ltd Name % of NAV Cement 4.01 The India Cements Ltd Birla 0.93 Ultratech Cement Ltd JK Cement Ltd Pharmaceuticals 3.93 Dishman Carbogen Amcis Ltd Abbott India Ltd Sun Pharmaceutical Industries Ltd Aurobindo Pharma Ltd Industrial Products 3.45 Ramkrishna Forgings Ltd Jain Irrigation Systems Ltd Petroleum Products 2.92 Reliance Industries Ltd Auto Ancillaries 2.83 Asahi India Glass Ltd Rico Auto Industries Ltd Consumer Durables 2.52 Bajaj Electricals Ltd Fertilisers 1.90 Chambal Fertilisers and Chemicals Ltd Non - Ferrous Metals 1.73 Hindustan Zinc Ltd National Aluminium Company Ltd Hotels, Resorts and Other Recreational Activities 1.57 The Indian Hotels Company Ltd Transportation 1.20 Interglobe Aviation Ltd Minerals/Mining 1.15 Coal India Ltd Textile Products 1.04 Raymond Ltd Telecom - Services 0.73 Bharti Airtel Ltd Construction 0.72 Gayatri Projects Ltd Milestone Global Ltd. ** 0.01 Diversified Consumer Services 0.64 CL Educate Ltd Total Equity 93.46% Investment Funds/Mutual Funds 0.93% Principal Short Term Income Fund - Direct Plan - Growth Option 0.93% CBLO / Reverse Repo Investments 5.98% Cash & Cash Equivalents -0.37% **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. Sector Allocation (Top 10) (As on April 30, 2018) (% of NAV) Banks 17.87% Consumer Non Durables 12.04% Software 7.30% Finance 6.33% Power 5.21% Construction Project 5.12% Auto 5.08% Chemicals 4.17% Cement 4.01% Pharmaceuticals 3.93% Performance (As on 30/04/2018) Principal Multi Cap Growth Fund Nifty 500 Index - TRI Nifty 50 - TRI 1 Year ( to ) Years ( to ) Years ( to ) Since Inception ( to ) Past performance may or may not be sustained in future. (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) are based on standard investment of 10,000/- made at the beginning of relevant period. Performance Dividend (/Unit)* Cum Dividend NAV Dividend (/Unit)* Cum Dividend NAV 15-Dec Jun Dec Past performance may or may not be sustained in the future. * On face value of 10. Note: All Dividend (/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. 8

10 Principal Tax Savings Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) Investment Objective: To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors. The scheme aims at providing returns through capital appreciation. Data as on April 30, 2018 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 6.00% risk free rate of return (1 days - MIBOR Rate as on April 27, 2018). ** The Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (As on April 30, 2018). # Total Expense Ratio is weighted average for the month. Ratio excludes GST on management fees. Minimum Investment Amount () New Investor- 500 SIP- 500 Existing Investor- 500 STP- 500 (Available after lock-in period) RWP- 500 (Available after lock-in period) 6 installments each Asset Under Managment ( Cr) MAAUM: AUM: Exit Load: NIL & Benchmark Regular Plan: March 31, 1996 Benchmark: S&P BSE 200 Options Both the Plans offer Growth & Half Yearly Dividend Option. (W.e.f. September 11, 2017) Name: P.V.K. Mohan Managing Since: September 2010 Total Experience: 24 years Ratios & Other Details (As on April 30, 2018) Standard Deviation^ (Annualised): 17.15% Beta^ : 1.20 Sharpe Ratio^ (Annualised) : 0.68 Turnover Ratio**: 0.40 Expense Ratio # (As on April 30, 2018) Direct Plan % Regular Plan % Name % of NAV Banks HDFC Bank Ltd ICICI Bank Ltd State Bank of India 2.31 Kotak Mahindra Bank Ltd Karur Vysya Bank Ltd City Union Bank Ltd Bank of Baroda 1.00 The Federal Bank Ltd Canara Bank 0.97 Vijaya Bank 0.92 Axis Bank Ltd Syndicate Bank 0.60 Consumer Non Durables ITC Ltd Bombay Burmah Trading 2.32 United Spirits Ltd Britannia Industries Ltd Dabur India Ltd GlaxoSmithKline Consumer Healthcare Ltd Software 7.62 Infosys Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Finance 6.52 Housing Development Finance 2.70 ICICI Prudential Life Insurance Company Ltd Dewan Housing Finance 1.19 Shriram Transport Finance Company Ltd Construction Project 5.38 Larsen & Toubro Ltd KEC International Ltd Hindustan Construction Company Ltd Power 5.33 NTPC Ltd Tata Power Company Ltd Kalpataru Power Transmission Ltd Rattanindia Power Ltd Auto 5.16 Hero MotoCorp Ltd Maruti Suzuki India Ltd Mahindra & Mahindra Ltd Tata Motors Ltd Name % of NAV Cement 4.39 The India Cements Ltd Ultratech Cement Ltd Birla 0.93 JK Cement Ltd Chemicals 4.29 Phillips Carbon Black Ltd Rain Industries Ltd Gujarat Narmada Valley Fertilizers & Chemicals Ltd Pharmaceuticals 4.27 Dishman Carbogen Amcis Ltd Abbott India Ltd Aurobindo Pharma Ltd Sun Pharmaceutical Industries Ltd Industrial Products 3.52 Ramkrishna Forgings Ltd Jain Irrigation Systems Ltd Auto Ancillaries 3.17 Asahi India Glass Ltd Rico Auto Industries Ltd Petroleum Products 2.96 Reliance Industries Ltd Consumer Durables 2.67 Bajaj Electricals Ltd Fertilisers 2.03 Chambal Fertilisers and Chemicals Ltd Non - Ferrous Metals 1.90 Hindustan Zinc Ltd National Aluminium Company Ltd Hotels, Resorts and Other Recreational Activities 1.54 The Indian Hotels Company Ltd Transportation 1.32 Interglobe Aviation Ltd Minerals/Mining 1.20 Coal India Ltd Textile Products 1.10 Raymond Ltd Construction 0.74 Gayatri Projects Ltd Diversified Consumer Services 0.64 CL Educate Ltd Telecom - Services 0.64 Bharti Airtel Ltd Total Equity CBLO / Reverse Repo Investments 2.28 Cash & Cash Equivalents Sector Allocation (Top 10) (As on April 30, 2018) (% of NAV) Banks 18.92% Consumer Non Durables 12.60% Software 7.62% Finance 6.52% Construction Project 5.38% Power 5.33% Auto 5.16% Cement 4.39% Chemicals 4.29% Pharmaceuticals 4.27% Performance (As on 30/04/2018) Principal Tax Savings Fund S&P BSE TRI* Nifty 50 - TRI** 1 Year ( to ) Years ( to ) Years ( to ) Since Inception ( to ) Past performance may or may not be sustained in future. (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) are based on standard investment of 10,000/- made at the beginning of relevant period. Performance *As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 200 Index PRI values from date to and TRI values since **As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 Index PRI values from date to and TRI values since Dividend (/Unit)* Cum Dividend NAV Dividend (/Unit)* Cum Dividend NAV 31-Mar NA NA 15-Jan NA NA Past performance may or may not be sustained in the future. * On face value of 10. Note: All Dividend (/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. 9

11 Principal Personal Tax Saver Fund^ (An Open-ended Equity Linked Savings Scheme) Investment Objective: To provide long term growth of capital. The Investment Manager will aim to achieve a return on assets in excess of the performance of S&P BSE 100 Index. Data as on April 30, 2018 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 6.00% risk free rate of return (1 days - MIBOR Rate as on April 27, 2018). ** The Turnover Rate (PTR) means the lower of aggregate sales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant year/period (As on April 30, 2018). # Total Expense Ratio is weighted average for the month. Ratio excludes GST on management fees. Minimum Investment Amount () New Investor- 500 SIP- 500 Existing Investor- 500 STP- 500 (Available after lock-in period) RWP- 500 (Available after lock-in period) 6 installments each Asset Under Managment ( Cr) MAAUM: AUM: Exit Load: NIL & Benchmark Regular Plan: March 31, 1996 Benchmark: S&P BSE 100 Options Both the Plan do not have any options at present. Name: P.V.K. Mohan Managing Since: July 2017 Total Experience: 24 years Ratios & Other Details (As on April 30, 2018) Standard Deviation^ (Annualised): 15.24% Beta^ : 1.08 Sharpe Ratio^ (Annualised) : 0.40 Turnover Ratio**: 0.55 Expense Ratio # (As on April 30, 2018) Direct Plan % Regular Plan % Sector Allocation (Top 10) (As on April 30, 2018) (% of NAV) Banks 19.67% Consumer Non Durables 13.53% Software 8.17% Finance 7.03% Auto 5.51% Pharmaceuticals 5.07% Power 4.14% Construction Project 3.91% Cement 3.80% Industrial Products 3.68% Name % of NAV Banks HDFC Bank Ltd ICICI Bank Ltd State Bank of India 2.38 Kotak Mahindra Bank Ltd Karur Vysya Bank Ltd Vijaya Bank 1.13 Axis Bank Ltd The Federal Bank Ltd Canara Bank 1.01 Bank of Baroda 0.90 Syndicate Bank 0.68 Consumer Non Durables ITC Ltd Bombay Burmah Trading 2.50 United Spirits Ltd Britannia Industries Ltd Dabur India Ltd GlaxoSmithKline Consumer Healthcare Ltd Software 8.17 Infosys Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Finance 7.03 Housing Development Finance ICICI Prudential Life Insurance Company Ltd. Shriram Transport Finance Company Ltd. Dewan Housing Finance Auto 5.51 Hero MotoCorp Ltd Maruti Suzuki India Ltd Mahindra & Mahindra Ltd Tata Motors Ltd Pharmaceuticals 5.07 Abbott India Ltd Sun Pharmaceutical Industries Ltd Dishman Carbogen Amcis Ltd Aurobindo Pharma Ltd Power 4.14 Tata Power Company Ltd Performance (As on 30/04/2018) Principal Personal Tax Saver Fund Name % of NAV NTPC Ltd Construction Project 3.91 Larsen & Toubro Ltd Hindustan Construction Company Ltd Cement 3.80 The India Cements Ltd Ultratech Cement Ltd Birla 0.94 Industrial Products 3.68 Ramkrishna Forgings Ltd Jain Irrigation Systems Ltd Chemicals 3.49 Phillips Carbon Black Ltd Rain Industries Ltd Auto Ancillaries 3.48 Asahi India Glass Ltd Rico Auto Industries Ltd Petroleum Products 3.04 Reliance Industries Ltd Consumer Durables 2.74 Bajaj Electricals Ltd Hotels, Resorts and Other Recreational Activities S&P BSE TRI* Nifty 50 - TRI** 1 Year ( to ) Years ( to ) Years ( to ) Since Inception ( to ) Past performance may or may not be sustained in future. (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) are based on standard investment of 10,000/- made at the beginning of relevant period. Performance *As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 100 Index PRI values from date to and TRI values since **As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 Index PRI values from date to and TRI values since Dividend (/Unit)* Cum Dividend NAV Dividend (/Unit)* Cum Dividend NAV 25-Mar NA NA 26-Feb NA NA 31-Dec NA NA Past performance may or may not be sustained in the future. * On face value of 10. Note: All Dividend (/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. ^Fresh sale of units i.e. by way of purchase/ Switch-ins and registration of fresh SIP arrangement under the Scheme is suspended till further notice The Indian Hotels Company Ltd Transportation 1.31 Interglobe Aviation Ltd Minerals/Mining 1.21 Coal India Ltd Textile Products 1.12 Raymond Ltd Non - Ferrous Metals 1.09 National Aluminium Company Ltd Fertilisers 1.06 Chambal Fertilisers and Chemicals Ltd Telecom - Services 0.85 Bharti Airtel Ltd Construction 0.78 Gayatri Projects Ltd Diversified Consumer Services 0.64 CL Educate Ltd Total Equity CBLO / Reverse Repo Investments 3.53 Cash & Cash Equivalents