AL EMERGING BLUECHIP FUND

Transcription

1 FUNDS INSIGHT PRINCIPAL EMERGING BLUECHIP FUND August, 2018 crosses 2000 crores * AUM Principal Emerging Bluechip Fund (An open ended equity scheme investing in both large cap and midcap stocks) This Product Is Suitable For Investors Who Are Seeking~ - Long term Capital Growth Investment in equity & equity related securities including equity derivatives of large & mid capitalization companies ~ Investors should consult their financial advisors if in doubt about whether the product is suitable for them. *AUM of Principal Emerging Bluechip Fund on 31st Aug 2018 was र 2, crores. Percentage of AUM of Principal Emerging Bluechip Fund by geography: Top 5 cities: 39.88% ; Next 10 cities: 23.03% ; Next 20 cities: 6.63% ; Next 75 cities: 5.62% ; Other cities: 24.84% Mutual Fund Investments are subject to market risk, read all scheme related documents carefully. 1

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3 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 Principal Fixed Income Funds Snapshot 7 Systematic Investment Plan (SIP) 8 Equity Funds Principal Emerging Bluechip Fund 10 Principal Multi Cap Growth Fund 11 Principal Tax Savings Fund 12 Principal Personal Tax Saver Fund 13 Principal Focused Multicap Fund 14 Principal Dividend Yield Fund 15 Principal Nifty 100 Equal Weight Fund 16 Hybrid Funds Principal Arbitrage Fund 17 Principal Hybrid Equity Fund 18 Principal Balanced Advantage Fund 19 Principal Equity Savings Fund 20 Fixed Income Funds Principal Cash Management Fund 21 Principal Low Duration Fund 22 Principal Short Term Debt Fund 23 Principal Dynamic Bond Fund 24 Principal Credit Risk Fund 25 Principal Corporate Bond Fund 26 Principal Ultra Short Term Fund 27 Solution Oriented Funds Principal Retirement Savings Fund (Progressive Plan) 28 Principal Retirement Savings Fund (Conservative Plan) 29 Principal Retirement Savings Fund (Moderate Plan) 30 Fund of Funds Principal Global Opportunities Fund 31 Other Details Annexure for returns of all the Schemes 32 1

4 EQUITY & DEBT MARKET OUTLOOK Equity Markets Round Up: August 2018 The GDP growth for the first quarter of FY 19 came in at 8.2% YoY, which was much better than consensus expectations. Private consumption (growing at 8.6 %) and fixed investment (+10%) were key growth drivers. Fixed investment growth would primarily be in infrastructure as private capex is still to pick up steam though sectors like cement, autos, refineries and renewable energy are seeing investments. Industrial companies have seen moderately increased order flow activity (for a group of 6 select large industrial companies, order flow was up about 24%) in Q1 FY 19. However, there are chances that government capex could slow in the second half of the year on account of (a) uncertainty ahead of elections and (b) budget constraints as growth in tax revenues is below expectations currently. For the period April- July, direct taxes grew 6.6% YoY (likely due to large refunds) while GST collections in August were at about Rs. 94,000 crores (July about Rs. 96,500 crores) which are below what was budgeted. The Indian equity markets have been among the best performing ones year to date, with the Nifty up about 11% till end of August. MSCI India (USD) was down 1.6%, while MSCI EM Index (USD) was down 8.9% year to date. This was probably because India is not as globally exposed by way of trade or commodity exports as some of the other EMs are with substantial growth drivers for the economy still being domestic in nature. Domestically, reduced slippages from corporate banks, consumer demand holding up esp. in rural areas and beginnings of private capex have been positive. The corporate results for Q1, FY 19 were broadly in line with Nifty profits (ex of banks and energy) growing at 12.5%. However, the challenge for the markets are valuations which are not cheap. Equity Market Outlook As said above, Indian market valuations are at a premium to other EMs and its own historical valuations. According to Credit Suisse, Indian markets now trade at about 65% premium to MSCI EM valuations. Compared to other EMs, India stands out better as we are not a big commodity exporter, our share of foreign borrowings to GDP is relatively modest, and while exports are about 12% of our GDP, we are not fully part of the global export food chain which seems to be a help in a time of shrinking trade. However, the big macro concern for India is rising oil prices and the higher current account deficit. Globally, the concerns are about the potential impact of increasing issues on trade, the potential slowdown in China, issues in the Eurozone around Italy, potential refinancing needs of the EMs (apparently about USD 1.5 Trillion of EM debt needs to be refinanced each in CY 19 and CY 20) etc. Overall the risk appetite globally remains low. As said earlier, Indian stands out relatively better in this environment, but it won t be immune to global fund flow volatility. Forthcoming elections and the likely volatility may provide good entry points in stocks where earnings are likely to come and valuations are not too expensive. 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 August Source: Bloomberg Indicators Jul-18 Aug-18 FII net flows ( Crs) 2, Mutual Fund net flows ( Crs) 5,512 4,119 Exports (USD Billion) Imports (USD Billion) CPI IIP Data as on 30th August Souce: Bloomberg, NSDL and Sebi websites 2

5 Performance As on August 31, 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: August 2018 During the month, rates rose sharply across gilts and corporate bonds while short term money market rates remained stable. The main reasons were sharp rupee depreciation, lack of OMO announcement, rise in crude oil prices, and stronger than expected GDP data release. The ten year gilt benchmark closed the month at 7.95%, 17 bps higher than previous month. The ten year AAA Corporate bond benchmark closed at 8.75%, 9 bps higher than previous month. The five year AAA corporate bond benchmark closed at 8.74%, 8 bps higher as compared to previous month. Ten year SDL spreads remained in a range of bps to the ten year gilt benchmark on lower than expected issuance. 1 year CD rates closed at 8.07%, 4 bps higher previous month. 1 year T bill yield closed 9 bps higher at 7.31%. 3 month CD rates closed at 7.07% (2 bps higher). Brent Crude oil prices rose during the month to USD 77 per barrel. INR depreciated sharply on back of continued dollar strength and widening trade deficit at as compared to Rs in previous month. For the month of August, FPIs were net buyers in the debt market to the tune of Rs 4090 cr. India s July trade deficit was higher at USD bn as compared to USD 16.6 bn in previous month. The ten year benchmark US treasury yield fell by 9 bps to close the month at 2.86%. July WPI data release came at 5.09%, lower than the previous reading of 5.77%. CPI for July came at 4.17% compared to 4.92% in previous month. June Industrial production (IIP) growth came at 7% compared to 3.2% for previous month. For the month banks lent on an average Rs 8971 Cr at various RBI liquidity facilities put together reflecting neutral liquidity conditions, hence RBI probably did not see need for OMO. CMBs worth Rs cr matured during the month and this was not rolled over reflecting improved liquidity position of the govt. Rs 20,000 cr worth of CMBs is still outstanding and due for maturity in Sept. Progress of Monsoon: Till August 29, cumulative rainfall was 6.3% below normal with the weekly rainfall 5.8% below normal. On a regional cumulative basis, central, south, and west India has seen a favorable rainfall while east and northeast parts of India remain deficient For the Quarter April to June 2018, India s real GDP growth printed at 8.2% surpassing market expectations. Growth was led by low base effect from last year, improvement in private consumption on the expenditure side and sector wise manufacturing and agriculture showed improved growth. Outlook: With RBI remaining on neutral liquidity stance, we have penciled in an OMO of Rs cr for the month of September. Short Term money market rates are expected to remain range bound with bouts of volatility as liquidity tightens. Gilt and corporate bond yields may remain under pressure with upward bias due to worsening macros both domestically and globally. There may also be evolving concerns on the fiscal front with dip in tax collections seen for month of July as per govt data release. 3

6 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 ++ 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

7 Scheme s This product is suitable for investors who are seeking~ Riskometer Principal Focused Multicap Fund (An open ended equity scheme investing in maximum 30 Multi cap stocks) 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 Nifty 100 Equal Weight Fund (An open ended scheme replicating/ tracking Nifty 100 Equal Weight Index) Principal Balanced Advantage Fund (An Open-ended dynamic asset allocation fund) Principal Personal Tax Saver Fund (An open ended equity linked saving scheme) Product Suitability Long term Capital Growth. Investment in equity & equity related securities including equity derivatives upto a maximum of 30 stocks across market capitalization. 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 100 Equal Weight Index companies. Long term Capital Growth. Investment in equity & equity related securities including equity derivatives as well as Debt/Money Market securities through a systematic allocation of Funds between Equity & Debt on the basis of the Price Earnings Ratio of Nifty 50. Long term Capital Growth with a three year lock-in. Investment in equity & equity related securities including equity derivatives of large capitalization Companies. Principal Tax Savings Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) Principal Hybrid Equity Fund (An open ended hybrid scheme investing predominantly in equity and equity related instruments) Principal Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt) Principal Retirement Savings Fund - Conservative Plan (An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)) Principal Retirement Savings Fund - Moderate Plan (An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)) Principal Retirement Savings Fund - Progressive Plan (An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)) Principal Corporate Bond Fund (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) Principal Dynamic Bond Fund (An open ended dynamic debt scheme investing across duration) Principal Credit Risk Fund (An open ended debt scheme predominately investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds)) Principal Short Term Debt Fund (An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 year and 3 years.) Principal Arbitrage Fund (An open ended scheme investing in arbitrage opportunities) Principal Low Duration Fund (An open ended low duration debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 6 months and 12 months) Principal Ultra Short Term Fund (An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months) 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 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 Long term capital growth. Investment in equity & equity related securities, debt/money market securities as well as derivatives. Long term Capital Growth. Investment in equity & equity related securities including equity derivatives of companies across market capitalization. Income over a Medium to long term investment horizon. Investment in AA+ and above Rated Corporate Bond & other Debt and Money Market Instruments. Income over a long term investment horizon. Investment in Debt & Money Market Instruments. Income over a Medium to long term investment horizon. Investment in AA and below Rated Corporate Debt & other Debt and Money Market Instruments. 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. Income over a short term investment horizon. Investment in Debt & Money Market instruments. Principal Global Opportunities Fund (An open ended fund of fund scheme investing in Principal Global Investors Funds - Origin Global Smaller Companies Fund) Long term Capital Growth. Investment in overseas mutual fund schemes. Principal Cash Management Fund (An Open-ended Liquid Scheme) Income over a short term investment horizon. Investment in Debt & Money Market Instruments, with maturity not exceeding 91 days. ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. 5

8 NAV (Net Asset Value) (As on August 31, 2018) Equity Funds 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 Nifty 100 Equal Weight Fund () Principal Focused Multicap Fund () Principal Dividend Yield Fund () Regular Plan - Growth Regular Plan - Growth Regular Plan - Growth Regular Plan - Dividend Regular Plan - Half Yearly Dividend Option Regular Plan - Half Yearly Dividend Option Direct Plan - Growth Direct Plan - Growth Direct Plan - Growth Direct Plan - Dividend Direct Plan - Half Yearly Dividend Option Direct Plan - Half Yearly Dividend Option Principal Personal Tax Saver Fund Regular Plan - Growth Direct Plan - Growth () Hybrid Funds Principal Hybrid Equity Fund () Principal Balanced Advantage 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 Principal Arbitrage Fund Regular Plan - Growth Regular Plan - Monthly Dividend Option Direct Plan - Growth Direct Plan - Monthly Dividend Option () Fixed Income Funds Principal Cash Management Fund () Principal Low Duration Fund () Principal Short Term Debt 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 Risk Fund () Principal Corporate Bond 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 Ultra Short Term 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 () Solution Oriented Funds Principal Retirement Savings Fund (CP) () Principal Retirement Savings Fund (PP) () Principal Retirement Savings Fund (MP) () Regular Sub Plan - Growth Regular Sub Plan - Growth Regular Sub Plan - Growth Direct Sub Plan - Growth Direct Sub Plan - Growth Direct Sub Plan - Growth Principal Global Opportunities Fund Regular Plan - Growth Regular Plan - Dividend Direct Plan - Growth Direct Plan - Dividend () Fund of Funds 6

9 Principal Fixed Income Funds Snapshot (As on August 31, 2018) Principal Ultra Short Term Fund Principal Corporate Bond Fund Principal Credit Risk Fund Principal Dynamic Bond Fund Principal Short Term Debt Fund Principal Low Duration Fund Principal Cash Management Fund Features Category Liquid Low Duration Short Duration Dynamic Bond Credit risk fund Corporate Bond Ultra Short Duration Invest in Debt and Money Market instruments such that Macaulay duration of the portfolio is between 3-6 months Invest a minimum of 80% into corporate bonds with rating of AA+ and above Invest across durations Invest a minimum of 65% into AA and below rated corporate bonds (excluding AA+ corporate bonds) Invest in Debt and Money Market instruments such that Macaulay duration of the portfolio is between 1-3 years Invest in Debt and Money Market instruments such that Macaulay duration of the portfolio is between 6-12 months Positioning Invest in debt and money market securities with maturity up to 91 days CRISIL Liquid Fund Index CRISIL Short Term Bond Fund Index NIFTY Credit Risk Bond Index CRISIL Composite Bond Fund Index CRISIL Short Term Bond Fund Index Benchmark Index CRISIL Liquid Fund Index CRISIL Low Duration Debt Index Month End AUM 1, Gross YTM 7.56% 8.30% 8.55% 8.26% 9.08% 8.43% 8.14% Modified Duration 25 Days 287 Days 1.09 Yrs 3.01 Yrs 1.14 Yrs 249 Days 133 Days Average Maturity 27 Days 334 Days 1.27 Yrs 3.98 Yrs 1.43 Yrs 304 Days 145 Days MTM > 60 days (% to Net Assets) NIL If redeemend on or before 365 days from the date of allotment - 1% If redeemend on or before 365 days from the date of allotment - 1% If redeemed on or before 1Year from the date of allotment - 1 % Exit Load NIL NIL NIL Asset Allocation Certificate of Deposit 15.82% 17.42% % Commercial Paper 68.94% 24.30% 6.25% 5.48% 22.33% % BONDS & NCDs % 83.88% 45.30% 72.35% 92.34% 41.06% Treasury Bill 10.44% 0.52% % 0.45% 0.36% Sovereign % 38.92% Cash Management Bill Cash and other Assets 4.80% -0.17% 8.03% 10.30% 4.96% 7.21% 2.52% Rating Break up AAA / A % 68.09% 63.19% 42.19% 36.28% 82.82% 88.72% % 26.94% 8.59% 36.28% 9.52% 8.40% AA / AA+ / AA- / AA+(SO) / AA-(SO) AA(SO) A1 / A(SO) / A- / A+ 3.31% 4.60% % - - Sovereign 10.44% 0.52% 1.84% 38.92% 0.36% 0.45% 0.36% Cash and Other Assets 4.80% -0.17% 8.03% 10.30% 4.96% 7.21% 2.52% 7

10 Systematic Investment Plan (SIP) (As on August 31, 2018) Particulars Principal Emerging Bluechip Fund - Growth Total Amount Invested (in ) Scheme s Scheme s Benchmark (NIFTY Large Midcap 250 Index - TRI) Additional Benchmark (Nifty 50 - TRI) Yield Market Value (in ) Yield Market Value (in ) Yield Market Value (in ) 1 Year SIP 1,20, ,26, ,30, ,35,022 3 Years SIP 3,60, ,81, ,82, ,78,398 5 Years SIP 6,00, ,53, ,62, ,82,533 7 Years SIP 8,40, ,10, ,54, ,42,208 Since Inception SIP 11,70, ,12, ,12, ,72,522 Inception Date - November 12, 2008 SCHEMES MANAGED BY MR. DHIMANT SHAH Particulars Principal Dividend Yield Fund - Growth Total Amount Invested (in ) Scheme s Scheme s Benchmark (Nifty Dividend Opportunities 50 Index - TRI) Additional Benchmark (Nifty 50 - TRI) Yield Market Value (in ) Yield Market Value (in ) Yield Market Value (in ) 1 Year SIP 1,20, ,29, ,32, ,35,022 3 Years SIP 3,60, ,88, ,81, ,78,398 5 Years SIP 6,00, ,39, ,88, ,82,533 7 Years SIP 8,40, ,35, ,01, ,42, Years SIP 12,00, ,81, ,41, ,79,978 Since Inception SIP 16,60, ,09,134 NA* NA* ,48,427 Inception Date - October 15, 2004 Particulars Principal Focused Multicap Fund - Growth Total Amount Invested (in ) Scheme s Scheme s Benchmark (S&P BSE 250 Large Midcap - TRI) Additional Benchmark (Nifty 50 - TRI) Yield Market Value (in ) Yield Market Value (in ) Yield Market Value (in ) 1 Year SIP 1,20, ,29, ,32, ,35,022 3 Years SIP 3,60, ,52, ,79, ,78,398 5 Years SIP 6,00, ,60, ,13, ,82,533 7 Years SIP 8,40, ,36, ,22, ,42, Years SIP 12,00, ,60, ,64, ,79,978 Since Inception SIP 15,30, ,29, ,61, ,07,917 Inception Date - November 11, 2005 Particulars Principal Multi Cap Growth Fund - Growth Total Amount Invested (in ) Scheme s Scheme s Benchmark (Nifty 500 Index - TRI) Additional Benchmark (Nifty 50 - TRI) Yield Market Value (in ) Yield Market Value (in ) Yield Market Value (in ) 1 Year SIP 1,20, ,25, ,31, ,35,022 3 Years SIP 3,60, ,75, ,75, ,78,398 5 Years SIP 6,00, ,48, ,08, ,82,533 7 Years SIP 8,40, ,80, ,11, ,42, Years SIP 12,00, ,41, ,12, ,79,978 Since Inception SIP 21,40, ,12,33, ,16,45, ,02,92,379 Inception Date - October 25, 2000 Particulars Principal Tax Savings Fund - Growth Total Amount Invested (in ) Scheme s Scheme s Benchmark (Nifty 500 Index - TRI)** Additional Benchmark (Nifty 50 - TRI)^ Yield Market Value (in ) Yield Market Value (in ) Yield Market Value (in ) 1 Year SIP 1,20, ,25, ,31, ,35,022 3 Years SIP 3,60, ,75, ,75, ,78,398 5 Years SIP 6,00, ,46, ,08, ,82,533 7 Years SIP 8,40, ,81, ,11, ,42, Years SIP 12,00, ,47, ,12, ,79,978 Since Inception SIP 26,20, ,68,42,520 Not Available Inception Date - March 31, 1996 SCHEMES MANAGED BY MR. P.V.K. MOHAN & SIDDARTH MOHTA SCHEMES MANAGED BY MR. P.V.K. MOHAN Different plans shall have a different expense structure. shown above are for Regular Plan - Growth option. Past performance may or may not be sustained in the future. The returns shown above are calculated using XIRR approach (CAGR ) assuming investment of 10,000/- on the 1st business day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Load is not taken into consideration for computation of performance. For performance of all schemes, Investors are advised to refer section on page 32. Disclaimer: The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Mr. Dhima nt Shah manages Principal Emerging Bluechip Fund (w.e.f. June 2011), Principal Focused Multicap Fund (w.e.f. July 2017) and Principal Dividend Yield Fund (w.e.f. December 2011). Mr. P.V.K. Mohan manages Principal Multi Cap Growth Fund (w.e.f. September 2010), Principal Tax Savings Fund (w.e.f. September 2010), Principal Tax Saver Fund (w.e.f. July 2017) and Equity portion of Principal Balanced Advantage Fund and Principal Equity Savings Fund. Mr. Siddarth Mohta has been appointed as a Associate Fund Manager of Principal Multi Cap Growth Fund (w.e.f. August 2018) ^Since TRI data is not available for the period to for Nifty 50 Index, SIP performance for since inception period is not provided. **Since TRI data is not available for the period to for Nifty 500 Index, SIP performance for since inception period is not provided. *Since performance data for Nifty Dividend Opportunities 50 Index is not available, SIP performance since inception period is not provided. 8

11 Systematic Investment Plan (SIP) (As on August 31, 2018) SCHEMES MANAGED BY MR. P.V.K. MOHAN Principal Personal Tax Saver Fund - Growth* Total Amount Invested (in ) Scheme s Scheme s Benchmark (Nifty 500 Index- TRI)** SCHEME MANAGED BY MR. P.V.K. MOHAN & MR. PANKAJ JAIN Additional Benchmark (Nifty 50 - TRI)^ Particulars Yield Market Value (in ) Yield Market Value (in ) Yield Market Value (in ) 1 Year SIP 1,20, ,26, ,31, ,35,022 3 Years SIP 3,60, ,39, ,75, ,78,398 5 Years SIP 6,00, ,34, ,08, ,82,533 7 Years SIP 8,40, ,94, ,11, ,42, Years SIP 12,00, ,81, ,12, ,79,978 Since Inception SIP 26,80, ,07,11,769 Not Available Inception Date - March 31, 1996 Particulars Principal Equity Savings Fund - Growth Total Amount Invested (in ) Principal Balanced Advantage Fund - Growth Total Amount Invested (in ) SCHEME MANAGED BY MR. P.V.K. MOHAN & MS. BEKXY KURIAKOSE Scheme s Scheme s Benchmark (50% Nifty 100 TRI + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage) Yield * # SCHEME MANAGED BY MR. RAJAT JAIN Additional Benchmark (Nifty 50 - TRI) Yield Market Value (in ) Yield Market Value (in ) Yield Market Value (in ) 1 Year SIP 1,20, ,25, ,53, ,35,022 3 Years SIP 3,60, ,09, ,13, ,78,398 5 Years SIP 6,00, ,57, ,44, ,82,533 7 Years SIP 8,40, ,40, ,01, ,42,208 Since Inception SIP 9,20, ,07, ,93, ,23,505 Inception Date - December 16, 2010 Principal Hybrid Equity Fund - Growth Total Amount Invested (in ) Scheme s Scheme s Scheme s Benchmark (30% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index) Scheme s Benchmark (CRISIL Hybrid Aggressive Index)# Additional Benchmark (CRISIL 10 year Gilt Index) Particulars Yield Market Value (in ) Yield Market Value (in ) Yield Market Value (in ) 1 Year SIP 1,20, ,24, ,27, ,19,493 3 Years SIP 3,60, ,07, ,24, ,74,154 5 Years SIP 6,00, ,33, ,71, ,86,468 7 Years SIP 8,40, ,02, ,08, ,33, Years SIP 12,00, ,52, ,89, ,18,074 Since Inception SIP 19,50, ,41, ,99, ,18,890 Inception Date - May 23, 2002 Additional Benchmark (Nifty 50 - TRI) Particulars Yield Market Value (in ) Yield Market Value (in ) Yield Market Value (in ) 1 Year SIP 1,20, ,27, ,28, ,35,022 3 Years SIP 3,60, ,71, ,46, ,78,398 5 Years SIP 6,00, ,16, ,41, ,82,533 7 Years SIP 8,40, ,42, ,62, ,42, Years SIP 12,00, ,48, ,21, ,79,978 Since Inception SIP 22,30, ,01,22, ,95, ,10,33,276 Inception Date - January 14, 2000 Principal Nifty 100 Equal Weight Fund - Growth Total Amount Invested (in ) Scheme s Scheme s Benchmark (Nifty 100 Equal Weight - TRI) Additional Benchmark (Nifty 50 - TRI) Particulars Yield Market Value (in ) Yield Market Value (in ) Yield Market Value (in ) 1 Year SIP 1,20, ,29, ,26, ,35,022 3 Years SIP 3,60, ,51, ,53, ,78,398 5 Years SIP 6,00, ,23, ,76, ,82,533 7 Years SIP 8,40, ,27, ,75, ,42, Years SIP 12,00, ,31, ,60, ,79,978 Since Inception SIP 22,90, ,94, NA NA ,18,97,480 Inception Date - July 27, 1999 Different plans shall have a different expense structure. shown above are for Regular Plan - Growth option. Past performance may or may not be sustained in the future. The returns shown above are calculated using XIRR approach (CAGR ) assuming investment of 10,000/- on the 1st business day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Load is not taken into consideration for computation of performance. For performance of all schemes, Investors are advised to refer section on page 32. Disclaimer: The above investment simulation is for illustrative purposes only and should not be construed as a promise on minimum returns and safeguard of capital. The AMC / Mutual Fund is not guaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market. Mr. P.V.K Mohan manages Principal Tax Saver Fund (w.e.f. July 2017), Principal Balanced Advantage Fund Equity Portion (w.e.f. July 2017) Principal Hybrid Equity Fund Equity Portion (w.e.f. May 2010) and Principal Equity Savings Fund Equity Portion (w.e.f. June 2016). Mr. Pankaj Jain manages Principal Equity Savings Fund Debt portion (w.e.f. January 2018). Ms. Bekxy Kuriakose manages Principal Hybrid Equity Fund - Debt Portion (w.e.f. Mar 2016) and Principal Balanced Advantage Fund - Debt Portion (w.e.f. January 01, 2018) Mr. Rajat Jain manages Principal Nifty 100 Equal Weight Fund (w.e.f. August 2015) *Fresh sale of units i.e. by way of purchase/ Switch-ins and registration of fresh SIP arrangement under the Scheme is suspended till further notice. # The equity component of CRISIL Hybrid Aggressive Index is represented by total returns variant of S&P BSE 200 With effect from June 10, 2018, fresh allotment of units in Principal Personal Tax saver Fund even in case of SIPs registered prior to close of business hours of March 31, 2017 is suspended. ^Since TRI data is not available for the period to for Nifty 50 Index, SIP performance for since inception period is not provided. **Since TRI data is not available for the period to for Nifty 500 Index, SIP performance for since inception period is not provided. *Since performance data for Nifty 100 Equal Weight Index is not available, SIP performance since inception period is not provided. 9

12 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. 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: 2, Exit Load: If redeemed on or before 1 Year from the date of allotment - 1% Regular Plan: November 12, 2008 Direct Plan: January 1, 2013 Benchmark: NIFTY Large Midcap 250 Index (w.e.f. May 30, 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. : Dhimant Shah Managing Since: June 2011 Total Experience: 26 years Ratios & Other Details (As on August 31, 2018) Standard Deviation^ (Annualised): 16.93% Beta^ : 1.14 Sharpe Ratio^ (Annualised) : 0.70 Turnover Ratio**: 0.66 Direct Plan % Regular Plan % Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 6.45% risk free rate of return (1 days - MIBOR Rate As on August 31, 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 August 31, 2018). # Total Expense Ratio includes GST on management fees. Sector Allocation (As on August 31, 2018) (% of NAV) Market Cap Allocation (As on August 31, 2018) (% of NAV) Banks 12.23% Finance 8.59% Consumer Non Durables 8.08% Software 7.42% Industrial Products 6.39% Auto Ancillaries 5.68% Chemicals 5.49% Pharmaceuticals 5.39% Consumer Durables 4.36% Cement 3.64% Auto 3.49% Gas 3.37% Construction Project 2.18% Transportation 2.11% Petroleum Products 1.99% Media & Entertainment 1.81% Textile Products 1.73% Construction 1.72% Industrial Capital Goods 1.60% Ferrous Metals 1.18% Telecom - Equipment & Accessories 1.11% Commercial Services 1.04% Power 1.03% Retailing 0.96% Pesticides 0.94% Hotels, Resorts and Other Recreational Activities 0.94% Non - Ferrous Metals 0.86% Services 0.79% Textiles - Cotton 0.76% Textiles - Synthetic 0.63% Paper 0.30% 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. % of NAV Banks ICICI Bank 1.91 HDFC Bank 1.87 IndusInd Bank 1.51 Kotak Mahindra Bank 1.40 State Bank of India 1.31 The Federal Bank 1.12 Bandhan Bank 1.11 Yes Bank 1.00 City Union Bank 1.00 Finance 8.59 Bajaj Finance 2.05 Bajaj Finserv 1.33 Mahindra & Mahindra Financial Services 1.24 Dewan Housing Finance 1.14 Bharat Financial Inclusion 1.12 Muthoot Finance 0.92 Cholamandalam Investment and Finance Company 0.79 Consumer Non Durables 8.08 Britannia Industries 2.63 ITC 1.34 Jubilant Foodworks 1.28 GlaxoSmithKline Consumer Healthcare 1.06 Parag Milk Foods 0.93 United Spirits 0.84 Software 7.42 Tata Consultancy Services 1.80 Infosys 1.54 L&T Technology Services 1.54 Cyient 1.44 MindTree 1.10 Auto Ancillaries 5.68 Exide Industries 1.71 MRF 1.35 Motherson Sumi Systems 0.92 Apollo Tyres 0.91 Amara Raja Batteries 0.79 Industrial Products 5.65 AIA Engineering 2.04 Graphite India 1.02 Finolex Cables 0.91 Schaeffler India 0.85 Mold-Tek Packaging 0.83 Chemicals 5.49 Fine Organic Industries 1.22 Navin Fluorine International 1.22 Tata Chemicals 1.16 Atul 1.03 Himadri Speciality Chemical 0.86 Pharmaceuticals 4.69 Torrent Pharmaceuticals 1.68 Cadila Healthcare 1.05 Natco Pharma 1.03 Biocon 0.93 Consumer Durables 4.36 Bata India 1.32 Dixon Technologies (India) 1.13 Havells India 1.08 Bajaj Electricals 0.83 Cement 3.64 Shree Cement 1.47 Dalmia Bharat 1.36 Birla 0.81 Dividend Update Principal Emerging Bluechip Fund % of NAV Auto 3.49 Eicher Motors 2.36 Mahindra & Mahindra 1.13 Gas 3.37 Petronet LNG 1.32 Indraprastha Gas 1.24 Gujarat State Petronet 0.81 Construction Project 2.18 Voltas 1.33 KEC International 0.85 Transportation 2.11 Container Corporation of India 1.15 TCI Express 0.96 Petroleum Products 1.99 Reliance Industries 1.99 Media & Entertainment 1.81 PVR 1.00 Sun TV Network 0.81 Construction 1.72 NBCC (India) 0.91 PSP Projects 0.81 Industrial Capital Goods 1.60 Bharat Electronics 0.81 BEML 0.79 Ferrous Metals 1.18 Jindal Steel & Power 1.18 Telecom - Equipment & Accessories 1.11 Sterlite Technologies 1.11 Commercial Services 1.04 Security and Intelligence Services (I) 1.04 Power 1.03 CESC 1.03 Textile Products 1.01 SRF 1.01 Retailing 0.96 Future Retail 0.96 Pesticides 0.94 UPL 0.94 Hotels, Resorts and Other Recreational Activities 0.94 The Indian Hotels Company 0.94 Non - Ferrous Metals 0.86 Hindustan Zinc 0.86 Services 0.79 Thomas Cook (India) 0.79 Textiles - Cotton 0.76 Vardhman Textiles 0.76 Total Equity Other Equities* 3.09 DERIVATIVES 0.47 National Aluminium Company 0.47 Treasury Bill 0.02 TBILL 91 DAYS 2018 Sovereign 0.02 Investment Funds/Mutual Funds 0.35 Principal Short Term Debt Fund - Direct Plan - Growth Option 0.27 Principal Cash Management Fund - Growth Option 0.08 Cash & Cash Equivalents 1.35 Top 10 Equity Holdings * Holding less than 0.75% NIFTY Large Midcap 250 Index - TRI Date Regular Plan Direct Plan Nifty 50 - TRI 1 Year ( to ) Years ( to ) Years ( to ) Since Inception ( to ) Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. (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. 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. 10

13 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 August31, 2018 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. Regular Plan: October 25, 2000 Direct Plan: January 1, 2013 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. : P.V.K. Mohan & Siddarth Mohta (Associate Fund Manager) Managing Since: September 2010 & August 2018 Total Experience: 25 years & 09 years Ratios & Other Details (As on August 31, 2018) Standard Deviation^ (Annualised): 16.68% Beta^ : 1.17 Sharpe Ratio^ (Annualised) : 0.68 Turnover Ratio**: 0.26 Direct Plan % Regular Plan % Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 6.45% risk free rate of return (1 days - MIBOR Rate As on August 31, 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 August 31, 2018). # Total Expense Ratio includes GST on management fees. Sector Allocation (Top 10) (As on August 31, 2018) (% of NAV) Banks 19.29% Consumer Non Durables 13.85% Software 8.52% Finance 4.90% Power 4.74% Petroleum Products 4.57% Auto 4.44% Pharmaceuticals 4.41% Construction Project 3.90% Cement 3.74% Market Cap Allocation (As on August 31, 2018) (% of NAV) 80% 60% 40% 20% 0% 58.14% 13.03% 22.00% 0.06% 0.90% 5.87% Equity & Equity Related Instruments of Large Cap Companies Equity &EquityRelated Instruments ofmid Cap Companies Equity & Equity Related Instruments of Small Cap Companies Treasury Bill Mutual Funds Cash & Other Assets % of NAV Banks HDFC Bank 4.67 ICICI Bank 3.50 State Bank of India 2.79 Kotak Mahindra Bank 1.46 Karur Vysya Bank 1.17 City Union Bank 1.12 Bank of Baroda 0.92 Canara Bank 0.91 Axis Bank 0.87 The Federal Bank 0.76 Vijaya Bank 0.75 Syndicate Bank 0.37 Consumer Non Durables ITC 3.68 Dabur India 2.64 GlaxoSmithKline Consumer Healthcare 1.95 Britannia Industries 1.64 Bombay Burmah Trading 1.56 United Spirits 1.41 Marico 0.97 Software 8.52 Tata Consultancy Services 3.53 Infosys 2.94 Tech Mahindra 1.08 HCL Technologies 0.97 Finance 4.90 Housing Development Finance 2.49 ICICI Prudential Life Insurance Company 1.53 Shriram Transport Finance Company 0.88 Power 4.74 Tata Power Company 1.97 NTPC 1.74 Kalpataru Power Transmission 0.83 Rattanindia Power 0.20 Petroleum Products 4.57 Reliance Industries 4.57 Auto 4.44 Maruti Suzuki India 1.47 Mahindra & Mahindra 1.33 Hero MotoCorp 0.85 Bajaj Auto 0.79 Pharmaceuticals 4.41 Abbott India 1.21 Dishman Carbogen Amcis 1.15 Sun Pharmaceutical Industries 1.09 Aurobindo Pharma 0.96 Construction Project 3.90 Larsen & Toubro 2.60 Dividend Update Principal Multi Cap Growth Fund % of NAV KEC International 1.03 Hindustan Construction Company 0.27 Cement 3.74 The India Cements 1.42 Birla 0.87 Ultratech Cement 0.86 JK Cement 0.59 Industrial Products 2.56 Ramkrishna Forgings 1.45 Jain Irrigation Systems 1.11 Auto Ancillaries 2.54 Asahi India Glass 1.52 Rico Auto Industries 1.02 Chemicals 2.53 Phillips Carbon Black 1.91 Rain Industries 0.62 Fertilisers 2.02 Chambal Fertilisers and Chemicals 2.02 Non - Ferrous Metals 1.92 National Aluminium Company 1.09 Hindustan Zinc 0.83 Ferrous Metals 1.88 Kirloskar Ferrous Industries 0.97 Steel Authority of India 0.91 Hotels, Resorts and Other Recreational Activities 1.84 The Indian Hotels Company 1.84 Consumer Durables 1.53 Bajaj Electricals 1.53 Minerals/Mining 1.42 Coal India 1.42 Transportation 0.75 Interglobe Aviation 0.75 Textile Products 0.74 Raymond 0.74 Construction 0.69 Gayatri Projects 0.68 Milestone Global ** 0.01 Diversified Consumer Services 0.39 CL Educate 0.39 Total Equity Treasury Bill 0.06 TBILL 91 DAYS 2018 Sovereign 0.06 Investment Funds/Mutual Funds 0.90 Principal Short Term Debt Fund - Direct Plan - Growth Option 0.90 Cash & Cash Equivalents 5.87 Top 10 Equity Holdings **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. Nifty 500 Index - TRI Date Regular Plan Direct Plan Nifty 50 - TRI 1 Year ( to ) Years ( to ) Years ( to ) Since Inception ( to ) Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. (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. 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. 11