Details. Equity Markets Round Up 2. Fixed Income Market Update 3. How to Read Factsheet 4. Product Suitability 5. NAV (Net Asset Value) 6

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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 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

3 EQUITY & DEBT MARKET OUTLOOK Equity Markets Round Up: March 2018 The global markets were volatile with a downward bias during the month. The MSCI World Index, which covers developed markets was down 2.4% during the month, while the MSCI EM index (USD) was down 2.2%. The Trump administration s protectionist measures and the US Fed raising rates accompanied by a more hawkish forecast impacted the markets. The Trump administration has taken a hard line on trade relations with China, and besides announcing its intention to impose a 25% duty on at least USD 50 Billion of imports from China, will file a case against Chinese technology licensing practices. China has announced a more moderate list of US imports worth USD 3 Billion which will attract higher tariffs. It could be that neither side wants a trade war and both are playing to their domestic constituency, but the news flow will keep markets edgy. Metals were the hardest hit sector as a result of the global worries on trade. The cyclical recovery remains strong, and consumption indicators have improved in Q4, as evidenced primarily by good growth in two-wheeler and tractor sales, and mirrored by momentum in diesel consumption. The rural demand is strong, likely as a consequence of increased credit penetration and increased government spending in rural development and social sectors. While investment remains robust, there has been a moderation in the external sector, likely due to working capital constraints for exporters (delayed GST refunds). The industrial capex has been subdued for the past few years, but even outside of infrastructure (roads, ports and railways) and renewable energy, there is a capex recovery likely in steel, cement (brownfields mostly and for waste heat recovery boilers), oil refining (BS-VI) and in fertiliser space. Equity Market Outlook The Indian economy has been seeing a weakening macroeconomic environment as a result of higher current account deficit, likely stress on the fiscal deficit number for FY 19, and rising, though still moderate inflation. Rising crude prices, continuing problems with NPAs at banks especially the public sector banks and a busy election season are other challenges at the macro level. However, at the ground level, we are seeing strong consumption demand especially in the rural areas. There is a broadening capex cycle outside of the infrastructure sector and a bottoming out of corporate earnings which are positives. In this situation the market movement will be a factor of fund flows. We expect global fund flows into EMs to be choppy and while domestic investors have continued to invest in equity, further volatility could have an impact on these flows. In terms of valuations, the markets are trading at a slight premium to historical numbers. Overall, we expect the markets to move sideways during the year 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 28th Mar Source: Bloomberg Indicators Feb-18 Mar-18 FII net flows (Rs. Crs) (11,037.00) 11, Mutual Fund net flows (Rs. Crs) 13, , Exports (USD Billion) Imports (USD Billion) CPI IIP Data as on 28th Mar Souce: Bloomberg, NSDL and Sebi websites 2

4 Performance As on March 28, 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: March 2018 Key Market Highlights: During the month, rates fell across the board on liquidity easing measures announced by RBI, reduction and spacing out in borrowing programme of gilts by govt and decline in inflation leading to receding of rate hike fears. The ten year gilt benchmark closed the month at 7.40%, 32 bps lower from previous month. The ten year AAA Corporate bond benchmark closed at 8.17%, 11 bps lower than previous month. The five year AAA corporate bond benchmark closed at 7.96%, 5 bps lower 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 7.36%, 17 bps lower than previous month. 1 year T bill yield closed 21 bps lower at 6.41%. 3 month CD rates closed at 7.07% (18 bps lower) and 3 month T bill yields fell 17 bps to 6.10%. RBI announced variable term repos totaling Rs 1 lakh crores crossing March which were almost fully subscribed at rates close to 6%. Brent Crude oil prices rose during the month to USD per barrel. INR was stable during the month at For the month of March, FIIs were net sellers in the debt market to the tune of Rs 2410 cr. India s Feb trade deficit fell to USD bn, higher than previous month. The ten year benchmark US treasury yield fell by 8 bps to close the month at The FOMC delivered a rate hike of 25 bps as expected. Tariff announcements by Trump led to expectations of trade wars and safe haven buying of US treasuries. February WPI data release came at 2.48% as compared to 2.84% in previous month. CPI for February came at 4.44% compared to 5.07% in previous month. Jan Industrial production (IIP) growth came at 7.5% compared to 7.1% for previous month. For the month banks net borrowed on an average Rs Cr at various RBI liquidity facilities put together reflecting neutral to deficit liquidity conditions. The Centre s fiscal deficit rose to Rs 7.15 lakh crore or 120 per cent of the Budget target between April 2017 and February Government announced a revised gross borrowing programme of Rs 5.55 lakh crores increasing the target for small savings collections by cr and reducing the buyback programme by Rs cr. Govt also introduced a maturity bucket of 1-4 years and increased the borrowing amount in the yr and greater than 20 year buckets thereby reducing the amount to be borrowed in the year segment. Outlook: Banking system liquidity may swing back to a surplus position in excess of Rs 1 lakh crores with higher government spending and gilt maturities during the month. This is expected to keep money market rates benign. After recent announcements on borrowing and with a negative gilt supply during the month, we expect gilt yields to remain range bound with a downward bias. As expected RBI kept key rates unchanged at its Monetary policy review meeting on 5th April and to continue to sound caution on inflation. RBI has also increase the FPI limits in consultation with government from existing 5% of outstanding government securities to 5.5% which may also boost market sentiment. 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) Principal Growth Fund (An Open-ended Equity Scheme) Principal Dividend Yield Fund (An Open-ended Equity Scheme) 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 Savings Scheme) 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 Income Scheme) Principal Credit Opportunities 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 mid & small 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. Principal Short Term Income Fund (An Open-ended Income Scheme) Income over a medium term investment horizon. Investment in Debt & Money Market Instruments. Principal Arbitrage Fund (An Open-ended Equity Scheme) Principal Low Duration Fund (An Open-ended Debt Scheme) 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) (As on March 28, 2018) Equity Funds Principal Emerging Bluechip Fund () Principal 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 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 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 Principal Global Opportunities Fund () 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) Investment Objective: To achieve long-term capital appreciation by investing in equity & equity related instruments of mid cap & small cap companies. Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 9.39% risk free rate of return (1 days - MIBOR Rate as on March 28, 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 March 31, 2018). # Total Expense Ratio is weighted average for the month. Ratio excludes GST on management fees. Market Cap Allocation (As on March 31, 2018) (% of NAV) 80% 60% 40% 20% 0% 68.80% 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: Nifty Midcap 100 Index (w.e.f. April 02, 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: Dhimant Shah Managing Since: June 2011 Total Experience: 26 years Ratios & Other Details (As on March 28, 2018) Standard Deviation^ (Annualised): 16.16% Beta^ : 0.95 Sharpe Ratio^ (Annualised) : 0.43 Turnover Ratio**: 0.70 Direct Plan % Regular Plan % Sector Allocation (As on March 31, 2018) (% of NAV) 17.20% 9.68% 2.44% 0.42% 0.81% 0.65% Equity & Equity Related Instruments of Mid Cap & Other Companies Equity & Equity Related Instruments of Small Cap Companies Equity and equity related instruments of Companies other than Mid & Small Cap Cash and Money Market / Fixed Income Securities (including MIBOR Linked Short Term Papers & Securitised Debt) Mutual Funds Derivatives Unlisted Banks 11.65% Industrial Products 8.98% Finance 6.63% Chemicals 6.30% Consumer Non Durables 5.39% Auto Ancillaries 5.38% Software 5.31% Consumer Durables 5.05% Cement 4.70% Construction Project 3.79% Gas 3.72% Pharmaceuticals 3.36% Auto 3.19% Transportation 2.99% Textile Products 2.85% Construction 2.36% Ferrous Metals 2.10% Petroleum Products 2.09% Media & Entertainment 1.92% Industrial Capital Goods 1.71% Commercial Services 1.37% Pesticides 1.03% Textiles - Cotton 1.02% Power 0.95% Telecom - Equipment & Accessories 0.92% Non - Ferrous Metals 0.87% Textiles - Synthetic 0.70% Market Cap Range for Nifty Free Float Midcap 100 Stocks As on 29th December, 2017: 1,30, Cr 5, Crs Name % of NAV Banks IndusInd Bank Ltd HDFC Bank Ltd ICICI Bank Ltd Kotak Mahindra Bank Ltd State Bank of India 1.08 Bandhan Bank Ltd The Federal Bank Ltd Yes Bank Ltd City Union Bank Ltd Industrial Products 8.98 AIA Engineering Ltd Finolex Industries Ltd Finolex Cables Ltd Graphite India Ltd Mold-Tek Packaging Ltd Schaeffler India Ltd Ramkrishna Forgings Ltd Jain Irrigation Systems Ltd Finance 5.97 Bajaj Finance Ltd Mahindra & Mahindra Financial Services Ltd Bharat Financial Inclusion Ltd Bajaj Finserv Ltd Muthoot Finance Ltd Chemicals 5.61 Navin Fluorine International Ltd Tata Chemicals Ltd Himadri Speciality Chemical Ltd Atul Ltd Gujarat Narmada Valley Fertilizers & Chemicals Ltd Consumer Non Durables 5.39 Britannia Industries Ltd United Spirits Ltd ITC Ltd Parag Milk Foods Ltd Software 5.31 Cyient Ltd Infosys Ltd L&T Technology Services Ltd Tata Consultancy Services Ltd Cement 4.14 Shree Cement Ltd Dalmia Bharat Ltd Birla 0.78 Grasim Industries Ltd Consumer Durables 4.10 Bajaj Electricals Ltd Bata India Ltd Dixon Technologies (India) Ltd Sheela Foam Ltd Auto Ancillaries 3.98 MRF Ltd Exide Industries Ltd Motherson Sumi Systems Ltd Construction Project 3.79 Voltas Ltd KEC International Ltd NCC Ltd Principal Emerging Bluechip Fund Name % of NAV Gas 3.72 Petronet LNG Ltd Indraprastha Gas Ltd Gujarat State Petronet Ltd Pharmaceuticals 3.36 Torrent Pharmaceuticals Ltd Aurobindo Pharma Ltd Natco Pharma Ltd Transportation 2.99 Container Corporation of India Ltd Spicejet Ltd TCI Express Ltd Textile Products 2.85 SRF Ltd S. P. Apparels Ltd Raymond Ltd Auto 2.66 Eicher Motors Ltd Petroleum Products 2.09 Hindustan Petroleum 1.24 Indian Oil 0.85 Ferrous Metals 1.95 Shankara Building Products Ltd Steel Authority of India Ltd Media & Entertainment 1.92 Sun TV Network Ltd PVR Ltd Industrial Capital Goods 1.71 Bharat Electronics Ltd BEML Ltd Construction 1.66 PSP Projects Ltd NBCC (India) Ltd Commercial Services 1.37 Security and Intelligence Services (I) Ltd Pesticides 1.03 UPL Ltd Textiles - Cotton 1.02 Vardhman Textiles Ltd Power 0.95 CESC Ltd Telecom - Equipment & Accessories 0.92 Sterlite Technologies Ltd Non - Ferrous Metals 0.87 Hindustan Zinc Ltd Other Equities * 7.06 Total Equity DERIVATIVES 0.81 Mahindra & Mahindra Ltd Dewan Housing Finance 0.33 Investment Funds/Mutual Funds 0.42 Principal Short Term Income Fund - Direct Plan - Growth Option 0.32 Principal Cash Management Fund - Growth Option 0.10 CBLO / Reverse Repo Investments 3.54 Cash & Cash Equivalents * Holdings less than 0.75% Nifty Free Float Midcap 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 7

9 Investment Objective: To achieve long term capital appreciation. Principal Growth Fund (An open-ended equity scheme) Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 9.39% risk free rate of return (1 days - MIBOR Rate as on March 28, 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 March 31, 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: S&P BSE 200 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 March 28, 2018) Standard Deviation^ (Annualised): 16.20% Beta^ : 1.19 Sharpe Ratio^ (Annualised) : 0.34 Turnover Ratio**: 0.35 Direct Plan % Regular Plan % Name % of NAV Banks HDFC Bank Ltd ICICI Bank Ltd State Bank of India 2.16 Kotak Mahindra Bank Ltd Karur Vysya Bank Ltd Bank of Baroda 0.98 The Federal Bank Ltd City Union Bank Ltd Axis Bank Ltd Vijaya Bank 0.71 Canara Bank 0.65 Syndicate Bank 0.59 Consumer Non Durables ITC Ltd United Spirits Ltd Bombay Burmah Trading 1.78 GlaxoSmithKline Consumer Healthcare Ltd Dabur India Ltd Britannia Industries Ltd Software 7.11 Infosys Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Power 5.42 NTPC Ltd Tata Power Company Ltd Kalpataru Power Transmission Ltd Rattanindia Power Ltd Construction Project 5.25 Larsen & Toubro Ltd KEC International Ltd Hindustan Construction Company Ltd Auto 5.20 Maruti Suzuki India Ltd Hero MotoCorp Ltd Mahindra & Mahindra Ltd Tata Motors Ltd Finance 4.79 Housing Development Finance 2.71 Shriram Transport Finance Company Ltd Dewan Housing Finance 0.98 Cement 4.22 The India Cements Ltd Birla 0.95 Ultratech Cement Ltd JK Cement Ltd Name % of NAV Chemicals 3.92 Phillips Carbon Black Ltd Rain Industries Ltd Gujarat Narmada Valley Fertilizers & Chemicals Ltd Pharmaceuticals 3.78 Dishman Carbogen Amcis Ltd Sun Pharmaceutical Industries Ltd Abbott India Ltd Aurobindo Pharma Ltd Industrial Products 3.13 Jain Irrigation Systems Ltd Ramkrishna Forgings Ltd Auto Ancillaries 2.92 Asahi India Glass Ltd Rico Auto Industries Ltd Petroleum Products 2.91 Reliance Industries Ltd Consumer Durables 2.35 Bajaj Electricals Ltd Fertilisers 1.73 Chambal Fertilisers and Chemicals Ltd Non - Ferrous Metals 1.65 Hindustan Zinc Ltd National Aluminium Company Ltd Minerals/Mining 1.25 Coal India Ltd Transportation 1.20 Interglobe Aviation Ltd Hotels, Resorts and Other Recreational Activities 1.19 The Indian Hotels Company Ltd Textile Products 0.91 Raymond Ltd Telecom - Services 0.78 Bharti Airtel Ltd Construction 0.76 Gayatri Projects Ltd Milestone Global Ltd. ** 0.01 Diversified Consumer Services 0.60 CL Educate Ltd Total Equity Investment Funds/Mutual Funds 1.01 Principal Short Term Income Fund - Direct Plan - Growth Option 1.01 CBLO / Reverse Repo Investments 9.43 Cash & Cash Equivalents **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. Sector Allocation (Top 10) (As on March 31, 2018) (% of NAV) Banks 17.81% Consumer Non Durables 11.42% Software 7.11% Power 5.42% Construction Project 5.25% Auto 5.20% Finance 4.79% Cement 4.22% Chemicals 3.92% Pharmaceuticals 3.78% Principal Growth 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 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 8

10 Principal Tax Savings Fund (An open-ended equity linked savings scheme) 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. Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 9.39% risk free rate of return (1 days - MIBOR Rate as on March 28, 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 March 31, 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 March 28, 2018) Standard Deviation^ (Annualised): 16.33% Beta^ : 1.20 Sharpe Ratio^ (Annualised) : 0.33 Turnover Ratio**: 0.45 Direct Plan % Regular Plan % Name % of NAV Banks HDFC Bank Ltd ICICI Bank Ltd State Bank of India 2.22 Kotak Mahindra Bank Ltd Karur Vysya Bank Ltd Bank of Baroda 1.04 City Union Bank Ltd The Federal Bank Ltd Axis Bank Ltd Vijaya Bank 0.82 Canara Bank 0.70 Syndicate Bank 0.65 Consumer Non Durables ITC Ltd United Spirits Ltd Britannia Industries Ltd GlaxoSmithKline Consumer Healthcare Ltd Bombay Burmah Trading 1.82 Dabur India Ltd Software 7.43 Infosys Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Power 5.55 NTPC Ltd Tata Power Company Ltd Kalpataru Power Transmission Ltd Rattanindia Power Ltd Construction Project 5.54 Larsen & Toubro Ltd KEC International Ltd Hindustan Construction Company Ltd Auto 5.28 Hero MotoCorp Ltd Maruti Suzuki India Ltd Mahindra & Mahindra Ltd Tata Motors Ltd Finance 5.02 Housing Development Finance 2.85 Shriram Transport Finance Company Ltd Dewan Housing Finance 1.03 Cement 4.63 The India Cements Ltd Name % of NAV Ultratech Cement Ltd JK Cement Ltd Birla 0.95 Chemicals 4.11 Phillips Carbon Black Ltd Rain Industries Ltd Gujarat Narmada Valley Fertilizers & Chemicals Ltd Pharmaceuticals 4.11 Dishman Carbogen Amcis Ltd Abbott India Ltd Sun Pharmaceutical Industries Ltd Aurobindo Pharma Ltd Auto Ancillaries 3.27 Asahi India Glass Ltd Rico Auto Industries Ltd Industrial Products 3.23 Jain Irrigation Systems Ltd Ramkrishna Forgings Ltd Petroleum Products 2.95 Reliance Industries Ltd Consumer Durables 2.50 Bajaj Electricals Ltd Fertilisers 1.86 Chambal Fertilisers and Chemicals Ltd Non - Ferrous Metals 1.80 Hindustan Zinc Ltd National Aluminium Company Ltd Transportation 1.33 Interglobe Aviation Ltd Minerals/Mining 1.30 Coal India Ltd Hotels, Resorts and Other Recreational Activities 1.26 The Indian Hotels Company Ltd Textile Products 0.97 Raymond Ltd Construction 0.78 Gayatri Projects Ltd Telecom - Services 0.67 Bharti Airtel Ltd Diversified Consumer Services 0.60 CL Educate Ltd Total Equity CBLO / Reverse Repo Investments 4.78 Cash & Cash Equivalents 0.06 Sector Allocation (Top 10) (As on March 31, 2018) (% of NAV) Banks 18.98% Consumer Non Durables 11.99% Software 7.43% Power 5.55% Construction Project 5.54% Auto 5.28% Finance 5.02% Cement 4.63% Pharmaceuticals 4.11% Chemicals 4.11% 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 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. Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 9.39% risk free rate of return (1 days - MIBOR Rate as on March 28, 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 March 31, 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 March 28, 2018) Standard Deviation^ (Annualised): 14.05% Beta^ : 1.04 Sharpe Ratio^ (Annualised) : Turnover Ratio**: 0.57 Direct Plan % Regular Plan % Sector Allocation (Top 10) (As on March 31, 2018) (% of NAV) Banks 21.81% Consumer Non Durables 13.18% Software 7.88% Auto 6.43% Finance 5.79% Pharmaceuticals 5.02% Power 4.18% Construction Project 3.94% Cement 3.91% Chemicals 3.62% Name % of NAV Banks HDFC Bank Ltd ICICI Bank Ltd State Bank of India 2.60 Kotak Mahindra Bank Ltd Karur Vysya Bank Ltd Axis Bank Ltd The Federal Bank Ltd Vijaya Bank 0.99 Bank of Baroda 0.93 Canara Bank 0.90 Syndicate Bank 0.74 Consumer Non Durables ITC Ltd United Spirits Ltd Dabur India Ltd Britannia Industries Ltd Bombay Burmah Trading GlaxoSmithKline Consumer Healthcare Ltd Software 7.88 Infosys Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Auto 6.43 Hero MotoCorp Ltd Maruti Suzuki India Ltd Mahindra & Mahindra Ltd Tata Motors Ltd Finance 5.79 Housing Development Finance Shriram Transport Finance Company Ltd. Dewan Housing Finance Pharmaceuticals 5.02 Abbott India Ltd Dishman Carbogen Amcis Ltd Sun Pharmaceutical Industries Ltd Aurobindo Pharma Ltd Power 4.18 NTPC Ltd Principal Personal Tax Saver Fund Name % of NAV Tata Power Company Ltd Construction Project 3.94 Larsen & Toubro Ltd Hindustan Construction Company Ltd Cement 3.91 The India Cements Ltd Ultratech Cement Ltd Birla 0.95 Chemicals 3.62 Phillips Carbon Black Ltd Rain Industries Ltd Auto Ancillaries 3.55 Asahi India Glass Ltd Rico Auto Industries Ltd Industrial Products 3.46 Ramkrishna Forgings Ltd Jain Irrigation Systems Ltd Petroleum Products 3.45 Reliance Industries Ltd Consumer Durables 2.53 Bajaj Electricals Ltd Minerals/Mining 1.43 Coal India 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 ^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 1.30 Interglobe Aviation Ltd Textile Products 1.22 Raymond Ltd Non - Ferrous Metals 0.97 National Aluminium Company Ltd Telecom - Services 0.89 Bharti Airtel Ltd Construction 0.81 Gayatri Projects Ltd Diversified Consumer Services 0.59 CL Educate Ltd Total Equity CBLO / Reverse Repo Investments 3.96 Cash & Cash Equivalents

12 Principal Large Cap Fund (An open-ended equity scheme) Investment Objective: To provide capital appreciation and /or dividend distribution by predominantly investing in companies having a large market capitalization. Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 9.39% risk free rate of return (1 days - MIBOR Rate as on March 28, 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 March 31, 2018). # Total Expense Ratio is weighted average for the month. Ratio excludes GST on management fees. Market Cap Allocation (As on March 31, 2018) (% of NAV) 100% 80% 60% 40% 20% 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: AUM: Exit Load: If redeemed on or before 1 Year from the date of allotment - 1% & Benchmark Regular Plan: November 11, 2005 Benchmark: S&P BSE 100 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: Dhimant Shah Managing Since: July 2017 Total Experience: 26 years Ratios & Other Details (As on March 28, 2018) Standard Deviation^ (Annualised): 13.20% Beta^ : 0.99 Sharpe Ratio^ (Annualised) : Turnover Ratio**: 0.63 Direct Plan % Regular Plan % Sector Allocation (Top 10) (As on March 31, 2018) (% of NAV) Equity & Equity Related Instruments of Large Cap Companies Equity and equity related instruments of Companies other than Mid & Small Cap Cash & Other Assets Banks 23.13% Consumer Non Durables 12.28% Software 10.73% Auto 9.27% Petroleum Products 7.55% Finance 6.62% Pharmaceuticals 4.37% Cement 4.24% Construction Project 3.51% Ferrous Metals 2.32% 2.34% 1.52% Name % of NAV Banks HDFC Bank Ltd ICICI Bank Ltd Kotak Mahindra Bank Ltd IndusInd Bank Ltd State Bank of India 2.77 Yes Bank Ltd The Federal Bank Ltd Axis Bank Ltd Consumer Non Durables ITC Ltd Hindustan Unilever Ltd Britannia Industries Ltd Asian Paints Ltd Software Infosys Ltd HCL Technologies Ltd L&T Technology Services Ltd Tata Consultancy Services Ltd Cyient Ltd Auto 9.27 Maruti Suzuki India Ltd Hero MotoCorp Ltd Tata Motors Ltd Petroleum Products 7.55 Reliance Industries Ltd Hindustan Petroleum 1.90 Bharat Petroleum 1.08 Finance 6.62 Housing Development Finance 4.60 Magma Fincorp Ltd Bajaj Finserv Ltd Pharmaceuticals 4.37 Abbott India Ltd Aurobindo Pharma Ltd Natco Pharma Ltd Sun Pharmaceutical Industries Ltd Principal Large Cap Fund Name % of NAV Cement 4.24 Shree Cement Ltd Ultratech Cement Ltd Construction Project 3.51 Larsen & Toubro Ltd Ferrous Metals 2.32 JSW Steel Ltd Kirloskar Ferrous Industries Ltd Rama Steel Tubes Ltd Media & Entertainment 2.19 Zee Entertainment Enterprises Ltd Chemicals 2.16 Navin Fluorine International Ltd Rain Industries Ltd Gas 1.80 GAIL (India) Ltd Petronet LNG Ltd Auto Ancillaries 1.27 Apollo Tyres Ltd Fertilisers 1.05 Coromandel International Ltd Textile Products 1.05 Raymond Ltd Power 1.04 Power Grid Corporation of India Ltd Construction 1.01 ITD Cementation India Ltd Industrial Capital Goods 0.99 BEML Ltd Telecom - Services 0.96 Bharti Airtel Ltd Non - Ferrous Metals 0.94 Hindalco Industries Ltd Total Equity CBLO / Reverse Repo Investments 1.41 Cash & Cash Equivalents 0.11 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 Dividend (/Unit)* Cum Dividend NAV Dividend (/Unit)* Cum Dividend NAV 15-Dec Dec Jun 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 11

13 Principal Dividend Yield Fund (An open-ended equity scheme) Investment Objective: To provide capital appreciation and/or dividend distribution by investing predominantly in a well-diversified portfolio of companies that have a relatively high dividend yield. Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 9.39% risk free rate of return (1 days - MIBOR Rate as on March 28, 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 March 31, 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: If redeemed on or before 1 Year from the date of allotment - 1% & Benchmark Regular Plan: October 15, 2004 Benchmark: Nifty Dividend Opportunities 50 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: Dhimant Shah Managing Since: December 2011 Total Experience: 26 years Ratios & Other Details (As on March 28, 2018) Standard Deviation^ (Annualised): 14.85% Beta^ : 1.05 Sharpe Ratio^ (Annualised) : 0.32 Turnover Ratio**: 0.56 Direct Plan % Regular Plan % Name % of NAV Consumer Non Durables Hindustan Unilever Ltd ITC Ltd VST Industries Ltd Colgate Palmolive (India) Ltd Banks HDFC Bank Ltd ICICI Bank Ltd State Bank of India 2.03 IndusInd Bank Ltd Kotak Mahindra Bank Ltd City Union Bank Ltd Software Infosys Ltd Cyient Ltd Tata Consultancy Services Ltd Sasken Technologies Ltd HCL Technologies Ltd Auto Maruti Suzuki India Ltd Hero MotoCorp Ltd Bajaj Auto Ltd Ashok Leyland Ltd Petroleum Products 8.63 Reliance Industries Ltd Bharat Petroleum 2.24 Hindustan Petroleum 2.21 Indian Oil 0.90 Cement 5.47 Dalmia Bharat Ltd Ultratech Cement Ltd Gas 4.47 Indraprastha Gas Ltd GAIL (India) Ltd Petronet LNG Ltd Chemicals 3.65 Aarti Industries Ltd Himadri Speciality Chemical Ltd Phillips Carbon Black Ltd Auto Ancillaries 3.29 MRF Ltd Exide Industries Ltd Asahi India Glass Ltd Name % of NAV Textile Products 2.73 SRF Ltd Raymond Ltd Himatsingka Seide Ltd Construction Project 2.70 KEC International Ltd Larsen & Toubro Ltd Non - Ferrous Metals 2.34 Hindustan Zinc Ltd Hindalco Industries Ltd Industrial Products 2.32 HEG Ltd Uflex Ltd Finance 1.44 Bajaj Holdings & Investment Ltd Ferrous Metals 1.31 Kirloskar Ferrous Industries Ltd Rama Steel Tubes Ltd Consumer Durables 1.26 Orient Electric 0.89 Orient Paper & Industries Ltd Pesticides 1.17 PI Industries Ltd Paper 1.10 Tamil Nadu Newsprint & Papers Ltd Oil 1.01 Oil India Ltd Industrial Capital Goods 0.88 Texmaco Rail & Engineering Ltd Construction 0.85 NBCC (India) Ltd Telecom - Services 0.84 Bharti Airtel Ltd Pharmaceuticals 0.83 Aurobindo Pharma Ltd Total Equity Investment Funds/Mutual Funds 0.17 Principal Cash Management Fund - Growth Option 0.17 CBLO / Reverse Repo Investments 2.71 Cash & Cash Equivalents Sector Allocation (Top 10) (As on March 31, 2018) (% of NAV) Consumer Non Durables 17.03% Banks 11.93% Software 11.56% Auto 10.70% Petroleum Products 8.63% Cement 5.47% Gas 4.47% Chemicals 3.65% Auto Ancillaries 3.29% Textile Products 2.73% Principal Dividend Yield Fund Nifty Dividend Opportunities 50 - TRI Nifty 50 - TRI 1 Year ( to ) Years ( to ) Years ( to ) Since Inception ( to ) NA NA 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 Dec NA NA 16-Jun 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 12

14 Principal Index Fund - Nifty (An open-ended index scheme) Investment Objective: To invest principally in securities that comprise Nifty 50 and subject to tracking errors endeavour to attain results commensurate with the Nifty 50. 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 on or before 90 days from the date of allotment; Nil - if redeemed after 90 days from the date of allotment. & Benchmark Regular Plan: July 27, 1999 Benchmark: Nifty 50 Options Both the Plans offer Growth & Dividend Option. Dividend Option under both the Plans offers facility of Payout, Reinvestment and Sweep. Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 9.39% risk free rate of return (1 days - MIBOR Rate as on March 28, 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 March 31, 2018). # Total Expense Ratio is weighted average for the month. Ratio excludes GST on management fees. * Trailing 12 months (Annualized). Name: Rajat Jain Managing Since: August 2015 Total Experience: 28 years Ratios & Other Details (As on March 28, 2018) Standard Deviation^ (Annualised): 12.61% Beta^ : 1.00 Sharpe Ratio^ (Annualised) : Turnover Ratio**: 0.18 Tracking Deviation*: 0.10% Direct Plan % Regular Plan % Name % of NAV Banks HDFC Bank Ltd ICICI Bank Ltd Kotak Mahindra Bank Ltd State Bank of India 2.37 IndusInd Bank Ltd Axis Bank Ltd Yes Bank Ltd Software Infosys Ltd Tata Consultancy Services Ltd HCL Technologies Ltd Tech Mahindra Ltd Wipro Ltd Petroleum Products Reliance Industries Ltd Indian Oil 0.92 Bharat Petroleum 0.85 Hindustan Petroleum 0.66 Finance 9.54 Housing Development Finance 7.45 Bajaj Finance Ltd Indiabulls Housing Finance Ltd Auto 9.40 Maruti Suzuki India Ltd Mahindra & Mahindra Ltd Tata Motors Ltd Hero MotoCorp Ltd Eicher Motors Ltd Bajaj Auto Ltd Consumer Non Durables 9.29 ITC Ltd Hindustan Unilever Ltd Asian Paints Ltd Construction Project 4.13 Larsen & Toubro Ltd Pharmaceuticals 3.20 Sun Pharmaceutical Industries Ltd Name % of NAV Cipla Ltd Dr. Reddy's Laboratories Ltd Lupin Ltd Power 2.40 NTPC Ltd Power Grid Corporation of India Ltd Non - Ferrous Metals 2.12 Vedanta Ltd Hindalco Industries Ltd Telecom - Services 1.34 Bharti Airtel Ltd Oil 1.28 Oil & Natural Gas 1.28 Ferrous Metals 1.13 Tata Steel Ltd Cement 1.05 Ultratech Cement Ltd Minerals/Mining 0.94 Coal India Ltd Media & Entertainment 0.80 Zee Entertainment Enterprises Ltd Gas 0.72 GAIL (India) Ltd Transportation 0.69 Adani Ports and Special Economic Zone Ltd Pesticides 0.68 UPL Ltd Telecom - Equipment & Accessories 0.67 Bharti Infratel Ltd Total Equity CBLO / Reverse Repo Investments 0.43 Cash & Cash Equivalents 1.17 Sector Allocation (Top 10) (As on March 31, 2018) (% of NAV) Banks 26.20% Software 12.61% Petroleum Products 10.21% Finance 9.54% Auto 9.40% Consumer Non Durables 9.29% Construction Project 4.13% Pharmaceuticals 3.20% Power 2.40% Non - Ferrous Metals 2.12% Principal Index Fund - Nifty Nifty 50 - TRI S&P BSE Sensex - 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, additional benchmark performance is calculated using composite CAGR of S&P BSE Sensex Index PRI values from date to and TRI values since Dividend (/Unit)* Cum Dividend NAV Dividend (/Unit)* Cum Dividend NAV 24-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 13

15 Principal Arbitrage Fund (An open-ended equity scheme) Investment Objective: To generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.there is no assurance or guarantee that the investment objective of the Scheme will be realized. Minimum Investment Amount () New Investor- 5,000 SIP- 500 Existing Investor- 1,000 STP- 1,000 RWP installments each Note: ** 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. # Total Expense Ratio is weighted average for the month. Ratio excludes GST on management fees. * Effective February 01, Asset Under Managment ( Cr) MAAUM: 9.23 AUM: 8.26 Exit Load: 0.50% - If redeemed on or before 30 days from the date of allotment. NIL - If redeemed after 30 days from the date of allotment. & Benchmark Regular Plan: April 21, 2016 Direct Plan: April 21, 2016 Benchmark: CRISIL Liquid Fund Index Options Both the Plans offer Monthly* Dividend & Growth Option. Monthly* Dividend Option under both the Plan offers facility of Payout, Reinvestment and Sweep. Name: Rajat Jain Managing Since: April 2016 Total Experience: 28 years Other Details (As on March 31, 2018) Turnover Ratio**: 9.91 Direct Plan % Regular Plan % Name Rating / Industry % of NAV % of NAV Derivatives Cash Future Arbitrage Lupin Ltd. Pharmaceuticals 9.62 Lupin Ltd. Stock Future Bharti Airtel Ltd. Telecom - Services 8.21 Bharti Airtel Ltd. Stock Future IDFC Ltd. Finance 7.01 IDFC Ltd. Stock Future The India Cements Ltd. Cement 6.01 The India Cements Ltd. Stock Future Yes Bank Ltd. Banks 5.17 Yes Bank Ltd. Stock Future Steel Authority of India Ltd. Ferrous Metals 5.10 Steel Authority of India Ltd. Stock Future Aurobindo Pharma Ltd. Pharmaceuticals 4.86 Aurobindo Pharma Ltd. Stock Future IRB Infrastructure Developers Ltd. Construction 4.73 IRB Infrastructure Developers Ltd. Stock Future Dewan Housing Finance Finance 4.63 Dewan Housing Finance Stock Future CESC Ltd. Power 3.86 CESC Ltd. Stock Future Jet Airways (India) Ltd. Transportation 3.54 Jet Airways (India) Ltd. Stock Future Reliance Capital Ltd. Finance 1.54 Reliance Capital Ltd. Stock Future Reliance Industries Ltd. Petroleum Products 1.07 Reliance Industries Ltd. Stock Future Commercial Paper HCL Infosystems Ltd. [ICRA]A HSIL Ltd. [ICRA]A Cox & Kings Ltd. BWR A Investment Funds/Mutual Funds Principal Cash Management Fund - Growth Option Mutual Fund CBLO / Reverse Repo Investments 3.53 Cash & Cash Equivalents 3.56 Sector Allocation (As on March 31, 2018) (% of NAV) Pharmaceuticals 14.48% Finance 13.18% Telecom - Services 8.21% Cement 6.01% Banks 5.17% Ferrous Metals 5.10% Construction 4.73% Power 3.86% Transportation 3.54% Petroleum Products 1.07% Principal Arbitrage Fund CRISIL Liquid Fund Index Nifty 50 - TRI 1 Year ( 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 Above one year performance of Principal Arbitrage Fund is not given as the scheme have not been in existence for 3 years. Dividend (/Unit)* Cum Dividend NAV Dividend (/Unit)* Cum Dividend NAV 16-Mar Sep-17 NA NA Mar 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 14

16 Principal Balanced Fund (An open-ended balanced scheme) Investment Objective: To provide long-term appreciation and current income by investing in a portfolio of equity, equity related securities and fixed income securities. 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/ switched on or before 1 year from the date of allotment: - Nil for redemption/ switch out of units upto 24% of the units allotted (the limit) - 1% on redemption in excess of 24% of the limit stated above- Redemption of units would be done on First in First out Basis (FIFO) Nil thereafter & Benchmark Regular Plan: January 14, 2000 Benchmark: CRISIL Hybrid Aggressive Index Options Both the Plans offer Growth & Monthly Dividend Option. Monthly Dividend Option under both the Plan offers facility of Payout, Reinvestment and Sweep. Name: P.V.K. Mohan (For Equity Portion) & Bekxy Kuriakose (For Debt Portion) Managing Since: May 2010 & Mar 2016 Total Experience: 24 years & 17 years Ratios & Other Details (As on March 28, 2018) Standard Deviation^@ (Annualised): 11.48% Beta^@ : 1.24 Sharpe Ratio^@ (Annualised) : 0.38 Turnover : 1.39 Direct Plan % Regular Plan % Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 9.39% risk free rate of return (1 days - MIBOR Rate as on March 28, 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 March 31, 2018). # Total Expense Ratio is weighted average for the month. Ratio excludes GST on management For equity portion only. Average Maturity of the Debt (As on March 31, 2018) Excluding Debt Mutual Fund units: 3.61 years (33.52% of the net assets) Debt Mutual Fund units: Principal Credit Opportunities Fund : 507 days (1.40% of the net assets) Modified Duration of the Debt (As on March 31, 2018) Excluding Debt Mutual Fund units: 2.66 years (33.52% of the net assets) Debt Mutual Fund units: Principal Credit Opportunities Fund : 412 days (1.40% of the net assets) Gross Yield To Maturity of the Debt 7.82% Sector Allocation (Top 10) (As on March 31, 2018) (% of NAV) Consumer Non Durables 9.79% Software 8.91% Banks 8.22% Finance 4.85% Power 4.21% Auto 3.43% Construction Project 2.84% Industrial Products 2.42% Cement 2.30% Ferrous Metals 2.01% Name Rating % of NAV Consumer Non Durables 9.79 ITC Ltd GlaxoSmithKline Consumer Healthcare Ltd United Spirits Ltd Dabur India Ltd Hindustan Unilever Ltd Bombay Burmah Trading 0.47 Britannia Industries Ltd Software 8.91 Infosys Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Cyient Ltd Tech Mahindra Ltd Banks 8.22 HDFC Bank Ltd ICICI Bank Ltd Kotak Mahindra Bank Ltd State Bank of India 1.06 Bank of Baroda 0.73 The Federal Bank Ltd Axis Bank Ltd Vijaya Bank 0.31 Finance 4.85 Mahindra & Mahindra Financial Services Ltd Housing Development Finance 1.67 Magma Fincorp Ltd Dewan Housing Finance 0.68 Power 4.21 NTPC Ltd Tata Power Company Ltd Power Grid Corporation of India Ltd Auto 3.43 Mahindra & Mahindra Ltd Hero MotoCorp Ltd Tata Motors Ltd Maruti Suzuki India Ltd Construction Project 2.84 Larsen & Toubro Ltd KEC International Ltd Industrial Products 2.42 Jain Irrigation Systems Ltd Ramkrishna Forgings Ltd Uflex Ltd Cement 2.30 The India Cements Ltd Ultratech Cement Ltd ACC Ltd Ambuja Cements Ltd Birla 0.26 Ferrous Metals 2.01 Steel Authority of India Ltd Kirloskar Ferrous Industries Ltd Pharmaceuticals 1.82 Aurobindo Pharma Ltd Sun Pharmaceutical Industries Ltd Chemicals 1.81 Rain Industries Ltd Phillips Carbon Black Ltd Consumer Durables 1.74 Bajaj Electricals Ltd Minerals/Mining 1.69 Coal India Ltd Non - Ferrous Metals 1.51 Hindustan Zinc Ltd National Aluminium Company Ltd Petroleum Products 1.33 Reliance Industries Ltd Fertilisers 1.28 Chambal Fertilisers and Chemicals Ltd Hotels, Resorts and Other Recreational Activities 1.08 The Indian Hotels Company Ltd Principal Balanced Fund Name Rating % of NAV Transportation 0.95 Interglobe Aviation Ltd Gas 0.92 GAIL (India) Ltd Telecom - Services 0.64 Bharti Airtel Ltd Textile Products 0.49 Raymond Ltd Auto Ancillaries 0.44 Asahi India Glass Ltd Construction 0.44 ITD Cementation India Ltd Diversified Consumer Services 0.03 CL Educate Ltd Total Equity Certificate of Deposit 2.97 Andhra Bank IND A ICICI Bank Ltd. CARE A The Jammu & Kashmir Bank Ltd. CRISIL A Commercial Paper 4.67 Cox & Kings Ltd. BWR A HSIL Ltd. [ICRA]A HCL Infosystems Ltd. [ICRA]A Cox & Kings Ltd. BWR A Infrastructure Leasing & Financial Services Ltd. [ICRA]A IL&FS Financial Services Ltd. [ICRA]A National Bank for Agriculture and Rural Development CRISIL A Avanse Financial Services Ltd. CRISIL A BONDS & NCDs Export-Import Bank of India CRISIL AAA 1.78 National Bank for Agriculture and Rural Development CRISIL AAA 1.35 Tata Motors Ltd. CARE AA Reliance Industries Ltd. CRISIL AAA 1.33 Power Finance CRISIL AAA 1.00 Reliance Utilities & Power Private Ltd. CRISIL AAA 0.94 Dewan Housing Finance BWR AAA 0.83 Ess Kay Fincorp Ltd. IND A (SO) 0.56 Sprit Infrapower & Multiventures Pvt. Ltd. BWR AA National Bank for Agriculture and Rural Development CRISIL AAA 0.46 HDFC Bank Ltd. CRISIL AA Dewan Housing Finance BWR AAA 0.46 Housing Development Finance CRISIL AAA 0.46 Piramal Enterprises Ltd. [ICRA]AA 0.46 Housing Development Finance CRISIL AAA 0.46 LIC Housing Finance Ltd CRISIL AAA 0.46 PNB Housing Finance Ltd IND AAA 0.45 Power Grid Corporation of India Ltd. CRISIL AAA 0.44 Avanse Financial Services Ltd CARE AA+ (SO) 0.27 Indiabulls Housing Finance Ltd. BWR AAA 0.12 Aspire Home Finance [ICRA]AA Sovereign % Government of India Security Sovereign % Government of India Security Sovereign % Government of India Security Sovereign % Government of India Security Sovereign % Government of India Security Sovereign % Government of India Security Sovereign % Government of India Security Sovereign 0.45 State Government Securities % Gujarat State Government Security Sovereign % Maharashtra State Government Security Sovereign 0.48 Investment Funds/Mutual Funds 1.40 Principal Credit Opportunities Fund - Direct Plan - Growth Option Mutual Fund 1.40 CBLO / Reverse Repo Investments 2.61 Cash & Cash Equivalents CRISIL Hybrid Aggressive Index* Nifty 50 - TRI 1 Year ( to ) Years ( to ) Years ( to ) Since Inception ( to ) NA NA 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 * The equity component of CRISIL Hybrid Aggressive Index is represented by total returns variant of S&P BSE 200 Dividend (/Unit)* Cum Dividend NAV Dividend (/Unit)* Cum Dividend NAV 16-Mar Feb Jan 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. 15

17 Principal SMART Equity Fund (An open-ended equity scheme) Investment Objective: To seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of 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 market Price 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 move assets into debt and/or money market instruments and vice versa. Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 9.39% risk free rate of return (1 days - MIBOR Rate as on March 28, 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 March 31, 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: If redeemed/ switched on or before 1 year from the date of allotment: - Nil for redemption/ switch out of units upto 24% of the units allotted (the limit) - 1% on redemption in excess of 24% of the limit stated above - Redemption of units would be done on First in First out Basis (FIFO) Nil thereafter & Benchmark Regular Plan: December 16, 2010 Benchmark: CRISIL Hybrid Aggressive Index Options Both the Plans offer Growth & Monthly Dividend Option. Monthly Dividend Option under both the Plans offers facility of Payout, Reinvestment and Sweep. Name: P.V.K. Mohan (For Equity Portion) & Bekxy Kuriakose (For Debt Portion) Managing Since: July 2017 & January 2018 Total Experience: 24 years & 17 years Ratios & Other Details (As on March 28, 2018) Standard Deviation^ (Annualised): 5.63% Beta^ : 0.61 Sharpe Ratio^ (Annualised) : Turnover Ratio**: 6.53 Direct Plan % Regular Plan % Name Rating / Industry % to Net Assets Consumer Non Durables 6.95 Britannia Industries Ltd United Spirits Ltd ITC Ltd Dabur India Ltd GlaxoSmithKline Consumer Healthcare Ltd Hindustan Unilever Ltd Banks 5.60 HDFC Bank Ltd State Bank of India 1.43 ICICI Bank Ltd Kotak Mahindra Bank Ltd Power 3.80 NTPC Ltd Power Grid Corporation of India Ltd Tata Power Company Ltd Software 3.77 Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Auto 2.48 Mahindra & Mahindra Ltd Hero MotoCorp Ltd Cement 1.44 Ultratech Cement Ltd Pharmaceuticals 1.43 Aurobindo Pharma Ltd Sun Pharmaceutical Industries Ltd Finance 1.16 Housing Development Finance 1.16 Construction Project 1.15 Larsen & Toubro Ltd Minerals/Mining 1.04 Coal India Ltd Petroleum Products 1.00 Reliance Industries Ltd Transportation 0.96 Interglobe Aviation Ltd Total Equity % to Net Assets Derivatives Cash Future Arbitrage Dewan Housing Finance Dewan Housing Finance Reliance Industries Ltd. Finance 6.99 Stock Future Petroleum Products 5.67 Reliance Industries Ltd. Stock Future Aurobindo Pharma Ltd. Pharmaceuticals 5.63 Aurobindo Pharma Ltd. Stock Future Maruti Suzuki India Ltd. Auto 3.07 Name Rating / Industry % to Net Assets % to Net Assets Derivatives Maruti Suzuki India Ltd. Stock Future Hindalco Industries Ltd. Non - Ferrous Metals 2.56 Hindalco Industries Ltd. Stock Future Century Textiles & Industries Ltd. Century Textiles & Industries Ltd. Indiabulls Housing Finance Ltd. Indiabulls Housing Finance Ltd. Cement 2.54 Stock Future Finance 2.46 Stock Future State Bank of India Banks 2.34 State Bank of India Stock Future Sun Pharmaceutical Industries Ltd. Sun Pharmaceutical Industries Ltd. Pharmaceuticals 1.83 Stock Future Escorts Ltd. Auto 1.14 Escorts Ltd. Stock Future Bajaj Auto Ltd. Auto 0.99 Bajaj Auto Ltd. Stock Future Chennai Petroleum Chennai Petroleum Petroleum Products 0.82 Stock Future Reliance Power Ltd. Power 0.38 Reliance Power Ltd. Stock Future Tata Motors Ltd. A-DVR Auto 0.37 Tata Motors Ltd. A-DVR Stock Future Balrampur Chini Mills Ltd. Consumer Non Durables 0.18 Balrampur Chini Mills Ltd. Stock Future Commercial Paper 9.64 HSIL Ltd. [ICRA]A Cox & Kings Ltd. BWR A HCL Infosystems Ltd. [ICRA]A Cox & Kings Ltd. BWR A Treasury Bill 0.49 TBILL 91 DAYS 2018 Sovereign 0.49 BONDS & NCDs 7.93 JM Financial Products Ltd. CRISIL AA 2.30 Manappuram Finance Ltd. CARE AA 1.92 Piramal Enterprises Ltd. [ICRA]AA 1.73 Dewan Housing Finance Power Grid Corporation of India Ltd. Indiabulls Housing Finance Ltd. BWR AAA 1.16 CRISIL AAA 0.59 BWR AAA 0.23 Investment Funds/Mutual Funds 1.98 Principal Cash Management Fund - Growth Option Mutual Fund 1.98 CBLO / Reverse Repo Investments 1.94 Cash & Cash Equivalents Sector Allocation of Equity Instruments (Top 10) (As on March 31, 2018) (% of NAV) Consumer Non Durables 6.95% Banks 5.60% Power 3.80% Software 3.77% Auto 2.48% Cement 1.44% Pharmaceuticals 1.43% Finance 1.16% Construction Project 1.15% Minerals/Mining 1.04% Principal Smart Equity Fund CRISIL Hybrid Aggressive Index* 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 of the dividend option for the investors would be net of dividend distribution tax, as applicable. * The equity component of CRISIL Hybrid Aggressive Index is represented by total returns variant of S&P BSE 200 Dividend (/Unit)* Cum Dividend NAV Dividend (/Unit)* Cum Dividend NAV 16-Mar Feb Jan 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. 16

18 Principal Equity Savings Fund (An open-ended equity scheme) Investment Objective: To provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated and the scheme does not assure or guarantee any returns. 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: Nil (w.e.f August 02, 2017) & Benchmark Regular Plan: May 23, 2002 Benchmark: 30% Nifty % CRISIL Liquid Fund Index Options Both the Plans offer Growth & Half yearly and Quarterly Dividend Option. Name: P.V.K. Mohan (For Equity Portion) & Pankaj Jain (For Debt Portion) Managing Since: June 2016 & January 2018 Total Experience: 24 years & 15 years Month End Quants of the Debt (As on March 31, 2018) Average Maturity: 276 Days Modified Duration: 226 Days Gross Yield to Maturity: 8.93% Turnover Ratio**: Note: ** 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 March 31, 2018). # Total Expense Ratio is weighted average for the month. Ratio excludes GST on management For equity portion only. Direct Plan % Regular Plan % Name Rating / Industry % to Net Assets Consumer Non Durables 5.04 GlaxoSmithKline Consumer Healthcare Ltd Dabur India Ltd ITC Ltd United Spirits Ltd Britannia Industries Ltd Software 3.59 Infosys Ltd HCL Technologies Ltd Tata Consultancy Services Ltd Banks 3.53 HDFC Bank Ltd State Bank of India 0.73 ICICI Bank Ltd Axis Bank Ltd Auto 3.25 Mahindra & Mahindra Ltd Bajaj Auto Ltd Hero MotoCorp Ltd Maruti Suzuki India Ltd Power 2.76 Tata Power Company Ltd NTPC Ltd Power Grid Corporation of India Ltd Finance 2.54 Housing Development Finance 1.68 Mahindra & Mahindra Financial Services Ltd Construction Project 1.86 Larsen & Toubro Ltd Minerals/Mining 1.50 Coal India Ltd Transportation 0.90 Interglobe Aviation Ltd Media & Entertainment 0.83 Zee Entertainment % to Net Assets Derivatives Enterprises Ltd Ferrous Metals 0.65 Steel Authority of India Ltd Pharmaceuticals 0.45 Aurobindo Pharma Ltd Total Equity Cash Future Arbitrage Dewan Housing Finance Finance 7.25 Dewan Housing Finance Stock Future CESC Ltd. Power 3.78 CESC Ltd. Stock Future Century Textiles & Cement 3.50 Industries Ltd. Century Textiles & Industries Ltd. Stock Future Bharti Airtel Ltd. Telecom - Services 3.12 Bharti Airtel Ltd. Stock Future Ashok Leyland Ltd. Auto 2.70 Ashok Leyland Ltd. Stock Future Maruti Suzuki India Ltd. Auto 2.32 Maruti Suzuki India Ltd. Stock Future Tata Motors Ltd. A-DVR Auto 2.11 Tata Motors Ltd. A-DVR Stock Future Jain Irrigation Industrial 1.47 Systems Ltd. Products Jain Irrigation Stock Future Systems Ltd. Lupin Ltd. Pharmaceuticals 1.35 Lupin Ltd. Stock Future Non - Ferrous Hindalco Industries Ltd Metals Hindalco Industries Ltd. Stock Future Bank of Baroda Banks 1.11 Name Rating / Industry % to Net Assets % to Net Assets Derivatives Bank of Baroda Stock Future State Bank of India Banks 1.04 State Bank of India Stock Future Dr. Reddy's Pharmaceuticals 1.01 Laboratories Ltd. Dr. Reddy's Stock Future Laboratories Ltd. Consumer Bata India Ltd Durables Bata India Ltd. Stock Future Reliance Power 1.01 Infrastructure Ltd. Reliance Stock Future Infrastructure Ltd. Exide Industries Ltd. Auto Ancillaries 0.99 Exide Industries Ltd. Stock Future Consumer Non Balrampur Chini Mills Ltd Durables Balrampur Chini Mills Ltd. Stock Future Media & Sun TV Network Ltd Entertainment Sun TV Network Ltd. Stock Future DLF Ltd. Construction 0.70 DLF Ltd. Stock Future Dish TV India Ltd. Media & Entertainment 0.69 Dish TV India Ltd. Stock Future Aurobindo Pharma Ltd. Pharmaceuticals 0.68 Aurobindo Pharma Ltd. Stock Future IRB Infrastructure Developers Ltd. IRB Infrastructure Developers Ltd. Construction 0.62 Stock Future Britannia Industries Ltd. Consumer Non Durables 0.55 Britannia Industries Ltd. Stock Future Yes Bank Ltd. Banks 0.45 Yes Bank Ltd. Stock Future NBCC (India) Ltd. Construction 0.40 NBCC (India) Ltd. Stock Future Reliance Capital Ltd. Finance 0.18 Reliance Capital Ltd. Stock Future Sun Pharmaceutical Pharmaceuticals 0.15 Industries Ltd. Sun Pharmaceutical Industries Ltd. Commercial Paper 9.49 HCL Infosystems Ltd. [ICRA]A HCL Infosystems Ltd. [ICRA]A Cox & Kings Ltd. BWR A BONDS & NCDs Suryoday Small Finance Stock Future Bank Ltd. [ICRA]A Piramal Enterprises Ltd [ICRA]AA 2.37 Indiabulls Housing Finance Ltd. BWR AAA 1.82 Power Finance CRISIL AAA 1.39 Ess Kay Fincorp Ltd. IND A (SO) 1.22 Power Grid Corporation of India Ltd. CRISIL AAA 0.73 Aspire Home Finance CRISIL A Investment Funds/Mutual Funds 2.31 Principal Cash Management Fund - Growth Option Mutual Fund 2.31 CBLO / Reverse Repo Investments 2.81 Cash & Cash Equivalents 6.87 Sector Allocation (Top 10) (As on March 31, 2018) (% of NAV) Consumer Non Durables 5.04% Software 3.59% Banks 3.53% Auto 3.25% Power 2.76% Finance 2.54% Construction Project 1.86% Minerals/Mining 1.50% Transportation 0.90% Media & Entertainment 0.83% Principal Equity Savings Fund 30% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index CRISIL 10 Year Gilt Index 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 Quarterly Dividend (Last 3 Quarters) 15-Dec N.A. N.A. 15-Sep N.A. N.A. 16-Jun N.A. N.A. Half Yearly Dividend 15-Dec 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. 17

19 Principal Cash Management Fund (An open-ended liquid scheme) Investment Objective: To provide investors with as high a level of income available from short-term investments as is considered consistent with preservation of capital and maintenance of liquidity, by investing in a portfolio of money market and investment grade debt instruments. Credit Risk Rating [ICRA] A1+mfs++ Minimum Investment Amount () New Investor- 5,000 SIP- 2,000 Existing Investor- 1,000 STP- 1,000 RWP installments each Asset Under Managment ( Cr) MAAUM: 1, AUM: Exit Load: NIL & Benchmark Regular Plan: August 30, 2004 Benchmark: CRISIL Liquid Fund Index Options Both the Plans offer Dividend & Growth Option. Dividend Frequency - Daily / Weekly / Monthly Name: Pankaj Jain Managing Since: January 2012 Total Experience: 15 years Month End Quants of the Debt (As on March 31, 2018) Average Maturity: 61 days Modified Duration: 57 days Gross Yield to Maturity: 7.58% Name Rating % of NAV Certificate of Deposit DCB Bank Ltd. CRISIL A The Federal Bank Ltd. CRISIL A ICICI Bank Ltd. CARE A Commercial Paper Reliance Jio Infocomm Ltd. CRISIL A IL&FS Financial Services Ltd. [ICRA]A Indiabulls Housing Finance Ltd. CRISIL A Avanse Financial Services Ltd. CRISIL A SREI Equipment Finance Ltd. [ICRA]A Power Finance CRISIL A India Infoline Housing Finance Ltd. CRISIL A Cox & Kings Ltd. BWR A Avanse Financial Services Ltd. CRISIL A HSIL Ltd. [ICRA]A SREI Equipment Finance Ltd. [ICRA]A HCL Infosystems Ltd. [ICRA]A HCL Infosystems Ltd. [ICRA]A Piramal Enterprises Ltd. [ICRA]A India Infoline Housing Finance Ltd. CRISIL A Treasury Bill 0.93 Direct Plan % Regular Plan % TBILL 91 DAYS 2018 Sovereign 0.49 TBILL 91 DAYS 2018 Sovereign 0.44 Note: # Total Expense Ratio is weighted average for the month. Ratio excludes GST on management fees. CBLO / Reverse Repo Investments 0.28 Cash & Cash Equivalents 1.05 Note: ^The aggregate investments by other schemes of Principal Mutual Fund as on March 31, 2018: 8.07 Crore Composition By Assets (As on March 31, 2018) (% of NAV) Rating Profile (As on March 31, 2018) (% of NAV) A1+ A1 Sovereign Cash & Cash Equivalents Commercial Paper 69.40% Certificate of Deposit 28.34% Treasury Bill 0.93% Cash and Other Assets 1.33% 3.83% 0.93% 1.33% 93.91% 0.00% 25.00% 50.00% 75.00% % Principal Cash Management Fund CRISIL Liquid Fund Index CRISIL 1 Year T-Bill Index 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 Monthly Dividend (Last 3 Months) 16-Mar Feb Jan Past performance may or may not be sustained in the future. * On face value of 1,000. Note: All Dividend (/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of 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). Past performance is no guarantee of future result. (++ for rating methodology please refer page 4.) 18