Regular Withdrawal Plan

Transcription

1 August, Reasons which makes a smarter solution! Regular cash flow periodically RWP Regular Withdrawal Plan provides both backup, in the form of regular cash flow and extra in the form of a chance at capital appreciation in the markets. Scope for Capital appreciation in long term Hassle free investing and withdrawal experience Plan withdrawals in a Tax Efficient way** Exit Load / Withdrawal Charges* What makes RWP a smart solution? RWP Bank FD % Annunity Plans Regular Withdrawal Plan *For investments made on or after June 15, 2017 Exit load is Nil on redemption on or before one year from the date of allotment for redemptions/ switch outs upto 24% of of units allotted in Principal Balanced Fund & Principal Smart Equity Fund. In Principal Equity Savings Fund, Exit load is NIL w.e.f Aug 2, Relevant Exit loads shall be applicable thereafter. Please check the load structure applicable at the time of investment and enrolling under the facility. ** ShortTerm and LongTerm Capital Gains % tax applicable. Investments in FDs are insured by Deposit Insurance and Credit Guarantee Corporation (DICGC) upto a maximum of Rs. 1,00,000 (Rupees one lakh) for both principal and interest amount. FD investments provides interest income. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

2 PRODUCT SUITABILITY Scheme Names This product is suitable for investors who are seeking ~ RISKOMETER Pg. No. Principal Large Cap Fund Long term Capital Growth. Investment in equity & equity related securities 8 (An Open-ended Equity Scheme) including equity derivatives of large capitalization Companies Principal Emerging Bluechip Fund Long term Capital Growth. Investment in equity & equity related securities 9 (An Open-ended Equity Scheme) including equity derivatives of mid & small capitalization Companies. Principal Growth Fund Long term Capital Growth. Investment in equity & equity related securities 10 (An Open-ended Equity Scheme) including equity derivatives of companies across market capitalization. Principal Dividend Yield Fund Long term Capital Growth. Investment in equity & equity related securities 11 (An Open-ended Equity Scheme) including equity derivatives of high dividend yield Companies. Principal Index Fund - Nifty Long term Capital Growth. Investment in equity securities including 12 (An Open-ended Index Scheme) equity derivatives of Nifty 50 Companies. Principal SMART Equity Fund Long term Capital Growth. Investment in equity & equity related securities 13 (An Open-ended Equity Scheme) 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. Principal Arbitrage Fund Income over short-term. Income through arbitrage opportunities between 14 (An Open-ended Equity Scheme) cash and derivative market and arbitrage opportunities within the derivative segment. Principal Personal Tax Saver Fund Long term Capital Growth with a three year lock-in. 15 (An Open-ended Equity Linked Savings Scheme) Investment in equity & equity related securities including equity derivatives of large capitalization Companies. Principal Tax Savings Fund Long term Capital Growth with a three year lock-in. 16 (An Open-ended Equity Linked Savings Scheme) Investment in equity & equity related securities including equity derivatives of companies across market capitalization. Principal Balanced Fund Income and Long term Capital Growth. Investment in equity & equity 17 (An Open-ended Balanced Scheme) related securities, debt/money market securities as well as derivatives. Principal Equity Savings Fund Income generation and capital appreciation over the medium to long term. 18 (An Open-ended Equity Scheme) Investment in equity and equity related instruments, debt and money market instruments and arbitrage opportunities. Principal Debt Savings Fund Income over a long term investment horizon. 19 (An Open-ended Income Scheme) Investment in Debt & Money Market Instruments. Principal Government Securities Fund Income over a long term investment horizon. 20 (An Open-ended dedicated Gilt Scheme Investment in Government Securities. investing in Government Securities) Principal Dynamic Bond Fund Income over a long term investment horizon. 21 (An Open-ended Income Scheme) Investment in Debt & Money Market Instruments. Principal Credit Opportunities Fund Income over a long term investment horizon. 22 (An Open-ended Debt Scheme) Investment in Debt & Money Market Instruments of Private & Public Sector Companies. Principal Short Term Income Fund Income over a medium term investment horizon. 23 (An Open-ended Income Scheme) Investment in Debt & Money Market Instruments. Principal Low Duration Fund Income over a short term investment horizon. 24 (An Open-ended Debt Scheme) Investment in Debt & Money Market Instruments. Principal Money Manager Fund Income over a short term investment horizon. 25 (An Open-ended Money Market Scheme) Investment in Money Market Instruments. Principal Global Opportunities Fund Long term Capital Growth. 25 (An Open-ended Fund of Funds Scheme) Investment in overseas mutual fund schemes. Principal Cash Management Fund Income over a short term investment horizon. 26 (An Open-ended Liquid Scheme) Investment in Debt & Money Market Instruments, with maturity not exceeding 91 days. Principal Asset Allocation Fund-of-Funds - Income and Capital growth over a long term investment horizon. 27 Conservative Plan Investment primarily in debt/money market mutual funds with some (An open-ended Fund-of-Funds Scheme) exposure to equity mutual funds. Principal Asset Allocation Fund-of-Funds - Capital growth and Income over a long term investment horizon. 27 Moderate Plan Investment in a basket of equity mutual funds, debt/money market (An open-ended Fund-of-Funds Scheme) mutual funds and Gold ETFs. Principal Asset Allocation Fund-of-Funds - Capital growth over a long term investment horizon. 27 Aggressive Plan Investment primarily in equity mutual funds with some allocation to (An open-ended Fund-of-Funds Scheme) debt/money market mutual funds and Gold ETFs. ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

3 Fund Manager Commentary Debt Markets August 2017 Fixed Income Market Update: August 2017 Key Market Highlights: During the month we saw divergence in movement of yields across various asset classes. While short term CD, T bill and corporate bond yields fell on ample banking system liquidity, gilt yields rose on supply concerns and continued OMO sales. During the month the ten year gilt benchmark closed at 6.52%, 6 bps higher from previous month. The ten year AAA Corporate bond benchmark closed at 7.45%, 1 bps lower than previous month. The five year AAA corporate bond benchmark closed at 7.22%, 5 bps lower as compared to previous month. Ten year SDL spreads fell and are trading around bps to the new gilt benchmark. 1 year CD rates closed at 6.47%, 9 bps lower than previous month. 1 year T bill yield closed at similar levels at 6.24%. 3 month CD rates closed at 6.15% and 3 month T bill yields fell to 6.08%, 4 bps lower than previous month. Brent Crude oil prices remained stable around USD 52 per barrel. INR appreciated and closed the month at as compared to the previous month. For the month of August, FIIs were net buyers in the debt market to the tune of Rs 12,965 cr. The Corporate bond and government bond (all categories) FPI limit is almost 100% utilized. India s July trade deficit printed at USD 11.4 bn as compared to USD 13 bn in June The ten year benchmark US treasury yield fell by 17 bps to 2.11 from 2.29% on a host of factors including safe haven buying due to North Korea issues and uncertainty on the tax agenda of President Trump. July WPI data release came at 1.88% as compared to 0.9% in previous month. CPI for July came at 2.36% compared to 1.46% in previous month. June Industrial production (IIP) growth came at -0.1% compared to 2.8% for previous month. Banking system liquidity remained well in surplus mode. RBI conducted Rs. 20,000 crore worth of OMOs of dated g-secs. Banks lent on an average Rs 2.65 Lakh Cr at various RBI liquidity facilities put together. RBI has transferred Rs 30,659 crore as Annual divided to the government for FY 2017 as compared to Rs 65,876 crore paid in previous year. RBI also confirmed in its Annual Report that 99% of the demonetized notes are back in the banking system. The GDP and GVA growth for April to June 2017 quarter were at 5.7% and 5.6% & respectively much lower than market estimates. Lower government spending and tepid industrial growth were the main reasons. Fixed income market outlook: The US Federal Reserve is scheduled to start unwinding its QE (Quantitative Easing) programme. This may put upward pressure on US treasury Yields. We expect banking system liquidity to remain in surplus zone and the quantum of surplus is expected to be lower than previous month and in a range of Rs 1.75 Lakh to 2 Lakh Cr. There could be further OMO issuances to suck our durable liquidity. Short term Money market rates are expected to remain stable on back of low CD issuance and surplus banking system liquidity. Short term corporate bond yields to remain stable to lower on back on attractive carry and defensive bet. The ten yr benchmark may trade in a range of 6.40% to 6.55% in the near term. 3

4 Fund Manager Commentary Equity Markets August 2017 Review of Equity Markets for the month of August The equity markets were subdued in August (Nifty down 1.6%), after a strong performance (Nifty up 6%) in the previous month. FII inflows into Indian equity were negative for the month at USD 1.73 Billion while domestic flows in mutual fuds remained positive at USD 2.7 Billion. Globally, EMs did reasonably well, with MSCI EM (USD) up 2% during the month. Offshore FII funds flow into EMs were strong at USD 3.6 Billion (JPM data). The geo political events had some impact on the markets during the month, with tensions over North Korea and border issues between China and India dominating headlines. The Q1, FY 18 GDP numbers were weak with the GDP growing at 5.7% yoy (Q4, FY 17 GDP grew at 6.1%). However, global growth numbers in key economies were reasonably strong. Japan s Q2CY17 GDP grew at a strong, 4% qoq annualized pace. The Euro area GDP grew at 2.4% qoq annualised for the second quarter while in the case of US, the revised Q2CY 17 GDP grew at 3% qoq annualised. China s Q2 17 GDP grew at 6.9% yoy. In India s case, while the services sector growth recovered, the manufacturing GVA growth was impacted, likely due to production cuts due to uncertainty ahead of GST rollout. The industry GVA only grew at 1.5% yoy. Agriculture grew at 2.3% yoy (Q4, FY 17 was at 5.2%), likely driven by fall in prices of agri products as volume growth was strong. The overall results for Q1, FY 18 did not surprise positively with the exception of good performance in metals (led by strong global prices). Metals were among the better performing sectors for the month. The oil companies did well driven by positive outlook on refining margins and news flow regarding gradual removal of subsidy on LPG. Banking stocks were impacted owing to muted results from public sector banks and risk of incremental provisions as more accounts were taken to National Company Law tribunal (NCLT) for insolvency proceedings. During the month, precious metals rallied as a result of global uncertainty. Both gold and silver were up between 4-5%. Metals prices were up sharply with zinc up more than 12% and aluminium up more than 10%. Copper was up nearly 7% during the month. Iron ore too was up 7%. The CRB index of all commodities was down a percent however, as agricultural prices were weak. The Rupee was up 0.5% during the month. Inflation was up in the month of July with WPI rising to 1.9% (June, 0.9%) which was above expectations. CPI too was up at 2.4%. Vegetable prices were a big contributor to the higher inflation. Although it is early days yet, it appears that the impact of GST on consumer goods prices overall has been largely neutral. In other macro data, both export and import growth moderated in July vs June. Exports grew 3.9% yoy (June, 4.4%) while imports grew 15.4% yoy (June, 19%). There is a feeling some exporters that a stronger Rupee has been impacting exports as global demand remains steady. Rains, which had weakened in early August picked up in the second half of the month and the country overall has received 96% of rains. However, within this average there is wide variation as while nearly 60% of the country area has received normal rainfall, 20% each of the country area has received either excess or deficient rains. As the markets remain strong, the primary markets have been very active, with a number of quality companies from diverse, and in some cases, relatively newer sectors coming to the markets. The issue pipeline remains strong and it could weigh on the markets. PERFORMANCE AS ON AUGUST 31, 2017* Index 1 Month 3 Months 6 Months 1 Year (%) (%) (%) (%) Broad Indices Nifty S&P BSE Sensex S&P BSE S&P BSE S&P BSE S&P BSE MID CAP S&P BSE SMALL CAP Sectoral Indices 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 *Performance for less than one year are absolute returns. Source - MFI Explorer 4

5 Funds at a Glance EQUITY SCHEMES Particulars Principal Principal Emerging Principal Principal Principal Large Cap Fund Bluechip Fund Growth Fund Dividend Yield Fund Index Fund - Nifty Nature of the An Open-ended An Open-ended An Open-ended An Open-ended An Open-ended Scheme Equity Scheme Equity Scheme Equity Scheme Equity Scheme Index Scheme Allotment Date - Regular Plan November 11, 2005 November 12, 2008 October 25, 2000 October 15, 2004 July 27, Direct Plan January 2, 2013 January 2, 2013 January 2, 2013 January 2, 2013 January 2, 2013 Investment Plans / Regular Plan & Direct Plan. Both the Plans offer Growth & Half Yearly Dividend Option. Regular Plan & Direct Plan. Both the Plans offer Options Half Yearly Dividend Option under both the Plans offers facility of Payout, Reinvestment and Sweep. Growth & Dividend Option. Dividend Option under both the Plans offers facility of Payout, Reinvestment and Sweep. Fund Manager & Dhimant Shah Dhimant Shah P.V.K. Mohan Dhimant Shah Rajat Jain Managing the July 2017 June 2011 September 2010 December 2011 August 2015 Current Fund from Total Investment 25 years 25 years 24 years 25 years 28 years Experience Benchmark S&P BSE 100 Index Nifty Free Float S&P BSE 200 Index Nifty Dividend Nifty 50 Index Midcap 100 Index Opportunities 50 Index Minimum New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 Application Amount Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Cut Off Time# 3.00 pm 3.00 pm 3.00 pm 3.00 pm 3.00 pm Exit Load If redeemed on or before 1 Year from the 1% - If redeemed within If redeemed on or before 1% - if redeemed on or before 90 days (including SIP /STP/ date of allotment - 1% 365 days from the 1 Year from the from the date of allotment; RWP, if available) date of allotment. date of allotment - 1% Nil - if redeemed after 90 days from the Nil - If redeemed after date of allotment. 365 days from the date of allotment. SIP / RWP / STP Available Minimum No. & 6 installments of SIP - ` 2,000/- each, STP - ` 1,000/- each & RWP - ` 500/- each. Amt. of SIP/RWP/STP (if available) EQUITY SCHEME EQUITY LINKED SAVINGS SCHEME (ELSS)^ TARGET RISK FUNDS Particulars Principal SMART Equity Fund Principal Arbitrage Fund Principal Personal Tax Saver Fund** Principal Tax Savings Fund Principal Balanced Fund Principal Equity Savings Fund Nature of the Scheme An Open-ended Equity Scheme An Open-ended Equity Scheme An Open-ended Equity Linked Savings Scheme An Open-ended Equity Linked Savings Scheme An Open-ended Balanced Scheme An Open-ended Equity Scheme Allotment Date - Regular Plan December 16, 2010 April 21, 2016 March 31, 1996 March 31, 1996 January 14, 2000 May 23, Direct Plan January 2, 2013 April 21, 2016 January 2, 2013 January 2, 2013 January 2, 2013 January 2, 2013 Investment Plans / Regular Plan & Direct Plan. Regular Plan & Direct Plan. Regular Plan & Direct Plan. Regular Plan & Direct Plan. Regular Plan & Direct Plan. Regular Plan & Direct Plan. Options Both the Plans offer Growth & Both the Plans offer Growth & Both the Plan do not have Both the Plans offer Growth Both the Plans offer Growth & Both the Plans offer Monthly Dividend Option. Monthly* Dividend Option. any options at present. & Half Yearly Dividend Monthly Dividend Option. Growth & Half yearly and Monthly Dividend Option Monthly* Dividend Option Option (W.e.f. September Monthly Dividend Option Quarterly Dividend Option. under both the Plans offers under both the Plans offers 11, 2017) under both the Plan offers facility of Payout, facility of Payout, facility of Payout, Reinvestment and Sweep. Reinvestment and Sweep. Reinvestment and Sweep. Fund Manager & P.V.K. Mohan Rajat Jain P.V.K. Mohan P.V.K. Mohan P.V.K. Mohan - May 2010 / P.V.K. Mohan Managing the July 2017 April 2016 July 2017 September 2010 Bekxy Kuriakose - Mar 2016 June 2016 Current Fund from Total Investment 24 years 28 years 24 years 24 years 24 years / 24 years Experience 16 years Benchmark Crisil Balanced Fund - CRISIL Liquid Fund Index S&P BSE 100 Index S&P BSE 200 Index Crisil Balanced Fund - 30% Nifty 50 Index + Aggressive Index Aggressive Index 70% CRISIL Liquid Fund Index Minimum New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 500 New Investor: ` 500 New Investor: ` 5,000 New Investor: ` 5,000 Application Amount Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 500 Existing Investor: ` 500 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Cut Off Time# 3.00 pm 3.00 pm 3.00 pm 3.00 pm 3.00 pm 3.00 pm Exit Load If redeemed/ switched on If redeemed on or Nil Nil If redeemed/ switched on Nil (including SIP /STP / or before 1 year from the before 30 days from the or before 1 year from the (w.e.f August 02, 2017) RWP, if available) date of allotment. - Nil for date of allotment. date of allotment: - Nil for redemption/ switch out of NIL - If redeemed after redemption/ switch out of units upto 24% of the 30 days from the date of units upto 24% of the units units allotted (the limit) allotment. (w.e.f. Aug. 17, 2016) allotted (the limit) - 1% on - 1% on redemption in redemption in excess of excess of 24% of the limit 24% of the limit stated stated above - Redemption above- Redemption of units of units would be done would be done on First in on First in First out Basis First out Basis (FIFO) Nil (FIFO) Nil thereafter thereafter SIP Available RWP / STP Available Available after lock-in period Available Available Minimum No. & 6 installment of SIP - ` 2,000/- each, 6 installments of ` 500/- each. 6 installment of SIP - ` 2,000/- each, STP - ` 1,000/- each Amt. of SIP/RWP/STP STP - ` 1,000/- each & RWP - ` 500/- each. & RWP - ` 500/- each. (if available) # In respect of purchase/switch-in of units in any of the Schemes (other than Liquid Schemes) for an amount equal to or more than ` 2 Lakhs, the closing (Net Asset Value) of the day shall be applicable subject to realisation of the funds upto 3.00 p.m. and receipt of application (duly time stamped). ^ Lock-in of 3 years. * Effective February 01, **Note: 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. 5

6 Funds at a Glance (Contd.) DEBT SCHEMES Particulars Principal Government Principal Dynamic Principal Credit Principal Short Term Securities Fund Bond Fund Opportunities Fund Income Fund Nature of the An Open-ended dedicated An Open-ended An Open-ended An Open-ended Income Scheme Scheme Gilt Scheme investing in Income Scheme Debt Scheme Government Securities Allotment Date - Regular Plan August 23, 2001 May 09, 2003 September 14, 2004 May 09, Direct Plan January 2, 2013 January 2, 2013 January 2, 2013 January 2, 2013 Investment Plans / Options Regular Plan and Direct Plan. Both the Plans offer Dividend & Growth Option. Dividend Frequencies Quarterly / Annual Quarterly / Annual Monthly Monthly Fund Manager & Bekxy Kuriakose Bekxy Kuriakose Bekxy Kuriakose Gurvinder Singh Wasan Managing the October 2012 January 2013 January 2013 April 2011 Current Fund from Total Investment 16 years 16 years 16 years 13 years Experience Benchmark I-Sec Composite Index Crisil Composite Bond Crisil Liquid Fund Index CRISIL Short-Term Bond Fund Index Fund Index Minimum New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 Application Amount Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Cut Off Time Subscription# 3.00 pm 3.00 pm 3.00 pm 3.00 pm Redemption 3.00 pm 3.00 pm 3.00 pm 3.00 pm Exit Load Nil If redeemed on or Nil Nil (including SIP /STP/ before 1 Year from the RWP, if available) date of allotment - 1%. SIP / RWP / STP Minimum number & Amount of SIP/ RWP/STP (if available) Available 6 installments of SIP - ` 2,000/- each, STP - ` 1,000/- each & RWP - ` 500/- each. # In respect of purchase/switch-in of units in any of the Schemes (other than Liquid Schemes) for an amount equal to or more than ` 2 Lakhs, the closing (Net Asset Value) of the day shall be applicable subject to realisation of the funds upto 3.00 p.m. and receipt of application (duly time stamped). 6

7 Funds at a Glance (Contd.) Particulars Principal Principal Principal Money Principal Debt Principal Global Low Duration Fund Cash Management Fund Manager Fund** Savings Fund Opportunities Fund Nature of the An Open-ended An Open-ended An Open-ended An Open-ended An Open-ended Scheme Debt Scheme Liquid Scheme Money Market Scheme Income Fund Fund of Funds Scheme Allotment Date - Regular Plan September 14, 2004 August 30, 2004 December 28, 2007 December 30, 2003 March 29, Direct Plan January 2, 2013 January 1, 2013 January 1, 2013 January 2, 2013 January 2, 2013 Investment Plans/ Regular Plan and Direct Plan. Regular Plan and Direct Plan. Both the Plans offer Regular Plan and Direct Plan. Regular Plan & Direct Plan. Options/ Both the Plans offer Both the Plans offer Dividend & Growth Option. Both the Plans offer Both the Plans offer Dividend & Growth Option. Dividend & Growth Option. Dividend Frequency - Dividend and Growth Option. Growth & Dividend Option. Dividend Frequencies Dividend Frequency - Dividend Frequency - Regular Plan: Dividend Frequency - Dividend Option under both Daily / Weekly / Monthly Daily / Weekly / Monthly Daily & Weekly Dividend - Monthly / Quarterly the Plan offers facility of Reinvestment Facility Payout, Reinvestment and Monthly Dividend - Sweep. Payout, Reinvestment and Sweep facility. Direct Plan: Monthly Dividend - Payout, Reinvestment and Sweep facility. Fund Manager & Pankaj Jain Pankaj Jain Pankaj Jain Pankaj Jain Rajat Jain Managing the January 2012 January 2012 January 2012 January 2012 March 2004 Current Fund from Total Investment 15 years 15 years 15 years 15 years 28 years Experience Benchmark Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Liquid Fund Index Crisil Short Term MSCI World Index Bond Fund Index Minimum New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 5,000 New Investor: ` 10,000 Application Amount Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Existing Investor: ` 1,000 Cut Off Time Subscription# 3.00 pm 2.00 pm 3.00 pm 3.00 pm pm Redemption 3.00 pm 3.00 pm 3.00 pm 3.00 pm pm Exit Load Nil Nil Nil If redeemed on or before If redeemed on or before (including SIP /STP/ 365 days from the date 1 Year from the RWP, if available) date of allotment - 1%. date of allotment - 1%. [Note: w.e.f. May 05, 2017] SIP / RWP / STP Available DEBT SCHEMES LIQUID SCHEME* MONEY MARKET DEBT SCHEMES Minimum number 6 installments of SIP - ` 2,000/- each, STP - ` 1,000/- each & RWP - ` 500/- each. & Amount of SIP/ RWP/STP (if available) FUND OF FUNDS SCHEME FUND OF FUNDS SCHEME Particulars Principal Asset Allocation Fund-of-Funds Principal Asset Allocation Fund-of-Funds Principal Asset Allocation Fund-of-Funds Conservative Plan Moderate Plan Aggressive Plan Nature of the Scheme An Open-ended Fund-of-Funds Scheme An Open-ended Fund-of-Funds Scheme An Open-ended Fund-of-Funds Scheme Allotment Date Regular Sub-Plan & December 14, 2015 December 14, 2015 December 14, 2015 Direct Sub-Plan Investment Plans/Option Regular Sub-Plan & Direct Sub-Plan. Both the Sub-Plans offer Growth Option. Fund Manager & Rajat Jain - December 2015 Rajat Jain - December 2015 Rajat Jain - December 2015 Managing the Current Fund from Total Investment 28 years 28 years 28 years Experience Composite Benchmark 85% CRISIL Short Term Bond Fund Index and 60% CRISIL Short Term Bond Fund Index and 20% CRISIL Short Term Bond Fund Index and Consisting of 15% Nifty 50 40% Nifty 50 80% Nifty 50 Min. Application Amt. New Investor: ` 5,000 Existing Investor: ` 1,000 New Investor: ` 5,000 Existing Investor: ` 1,000 New Investor: ` 5,000 Existing Investor: ` 1,000 Cut Off Time # 3.00 pm 3.00 pm 3.00 pm Exit Load (including SIP /STP / RWP, if available) SIP / RWP / STP Min. number & Amount of SIP/RWP/STP NIL No exit load will be applicable for switches between the 3 plans i.e. Conservative Plan, Moderate Plan and Aggressive Plan of the Scheme. Available 6 installments of SIP - ` 2,000/- each, STP - ` 1,000/- each & RWP - ` 500/- each. * In respect of Liquid Scheme(s) applicable shall be subject to receipt of valid application/switch-in request at the OPT and credit of entire subscription/switch-in amounts into the Bank Account of the concerning Scheme(s)/ Plan(s) and funds are available for utilization by the Scheme(s)/Plan(s), within relevant cut-off time as applicable to the relevant Scheme(s)/Plan(s). # In respect of purchase/switch-in of units in any of the Schemes (other than Liquid Schemes) for an amount equal to or more than ` 2 Lakhs, the closing (Net Asset Value) of the day shall be applicable subject to realization of the funds upto 3.00 p.m. (12:30 pm in case of Global Opportunities Fund) and receipt of application (duly time stamped). **Note: Effective October 21, 2011 fresh subscriptions/switch-in in any mode (including Systematic Investment Plan [SIP] / Systematic Transfer Plan [STP]) under Daily & Weekly Dividend Option and Payout & Sweep facility to Monthly Dividend Option under the Regular Plan of the Scheme are not available. The same may however be open and available for subscription at a later date. 7

8 Principal Large Cap Fund (An open-ended equity scheme) MAAUM: ` crore AUM: ` crore Per Unit: (As on August 31, 2017) Direct Plan Regular Plan Growth Option : ` ` Dividend Option (Half yearly) : ` ` INVESTMENT OBJECTIVE To provide capital appreciation and /or dividend distribution by predominantly investing in companies having a large market capitalization. DIVIDEND UPDATE Date Regular Plan Direct Plan Dividend Cum Dividend Cum (`/Unit)* Dividend (`/Unit)* Dividend June 16, December 23, June 24, December 24, December 29, June 24, N.A. N.A. July 28, 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 of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. RATIOS & OTHER DETAILS (As on August 31, 2017) Standard Deviation^ (Annualised) 13.88% Beta^ 1.01 Sharpe Ratio^ (Annualised) 0.47 Portfolio Turnover Ratio** (as on August 31, 2017) 0.72 Expense Ratio # (as on August 31, 2017) Direct Plan % Regular Plan % Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 5.96% risk free rate of return (1 days - MIBOR Rate as on August 31, 2017). ** The Portfolio 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. MARKET CAP ALLOCATION (As on August 31, 2017) % of Equity & Equity Related Instruments of Large Cap Companies Equity & Equity Related Instruments of Mid Cap & Other Companies 1.91 Cash and Other Assets 1.35 Unlisted 0.08 Instrument Industry % of Equity Maruti Suzuki India Auto 3.93 Hero MotoCorp Auto 2.77 Tata Motors Auto 1.62 Tata Motors A-DVR Auto 0.91 Apollo Tyres Auto Ancillaries 1.04 HDFC Bank Banks 5.35 ICICI Bank Banks 4.88 State Bank of India Banks 3.54 Kotak Mahindra Bank Banks 2.90 IndusInd Bank Banks 2.79 Yes Bank Banks 1.51 The Federal Bank Banks 1.44 DCB Bank Banks 0.48 Shree Cements Cement 2.36 Ultratech Cement Cement 1.53 Grasim Industries Cement 1.35 The India Cements Cement 1.03 Navin Fluorine International Chemicals 0.98 ITD Cementation India Construction 0.93 Larsen & Toubro Construction Project 3.27 Engineers India Construction Project 1.03 ITC Consumer Non Durables 4.04 Britannia Industries Consumer Non Durables 3.40 Hindustan Unilever Consumer Non Durables 3.06 Asian Paints Consumer Non Durables 1.21 Manpasand Beverages Consumer Non Durables 0.94 JSW Steel Ferrous Metals 1.23 Coromandel International Fertilisers 1.66 Housing Development Finance Corporation Finance 4.05 Housing and Urban Development Corporation Finance 1.15 BSE Finance 0.90 Bajaj Finserv Finance 0.71 Aditya Birla Capital **@ Finance 0.08 Mahindra Holidays & Resorts India Hotels, Resorts & Other Recreational Activities 0.84 BEML Industrial Capital Goods 1.12 Zee Entertainment Enterprises Media & Entertainment 1.86 Hindalco Industries Non - Ferrous Metals 2.21 Vedanta Non - Ferrous Metals 1.07 Reliance Industries Petroleum Products 3.85 Hindustan Petroleum Corporation Petroleum Products 3.07 Bharat Petroleum Corporation Petroleum Products 1.87 Natco Pharma Pharmaceuticals 1.32 Aurobindo Pharma Pharmaceuticals 1.18 Abbott India Pharmaceuticals 1.04 Syngene International Pharmaceuticals 0.92 Power Grid Corporation of India Power 2.19 Infosys Software 2.60 HCL Technologies Software 1.66 L&T Technology Services Software 1.18 MindTree Software 0.13 Bharti Airtel Telecom - Services 1.35 Raymond Textile Products 1.12 CBLO / Reverse Repo Investments 0.06 Cash & Cash Equivalents 1.29 **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Guidelines. '@Pending Listing on Stock Exchange SECTOR ALLOCATION (TOP 10) (As on August 31, 2017) Banks Consumer Non Durables Auto Petroleum Products Finance Cement Software Pharmaceuticals Construction Project Non - Ferrous Metals 9.23% 8.79% 6.89% 6.27% 5.57% 4.46% 4.30% 3.28% 12.65% 22.89% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% (% of ) 8

9 Principal Emerging Bluechip Fund (An open-ended equity scheme) MAAUM: ` 1, crore AUM: ` 1, crore Per Unit: (As on August 31, 2017) Direct Plan Regular Plan Growth Option : ` ` Dividend Option (Half yearly) : ` ` INVESTMENT OBJECTIVE: To achieve long-term capital appreciation by investing in equity & equity related instruments of Mid Cap & Small Cap companies. DIVIDEND UPDATE Date Regular Plan Direct Plan Dividend Cum Dividend Cum (`/Unit)* Dividend (`/Unit)* Dividend June 16, December 23, June 24, June 24, December 29, 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 of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. RATIOS & OTHER DETAILS (As on August 31, 2017) Standard Deviation^ (Annualised) 16.90% Beta^ 1.04 Sharpe Ratio^ (Annualised) 1.00 Portfolio Turnover Ratio** (as on August 31, 2017) 0.68 Expense Ratio # (as on August 31, 2017) Direct Plan % Regular Plan % Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 5.96% risk free rate of return (1 days - MIBOR Rate as on August 31, 2017). ** The Portfolio 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. MARKET CAP ALLOCATION (As on August 31, 2017) % of Equity and equity related instruments of Mid Cap Companies Equity and equity related instruments of Small Cap Companies Equity and equity related instruments of Companies other than Mid & Small Cap 9.66 Cash and Money Market / Fixed Income Securities (including MIBOR Linked Short Term Papers & Securitised Debt) 4.43 Mutual Funds 0.56 Derivatives 1.06 Unlisted 0.09 Market Cap Range for Nifty Free Float Midcap 100 Stocks As on 30th June, 2017 ` 1,11,400 Cr `5, Crs Instrument Industry % of Equity Eicher Motors Auto 3.15 MRF Auto Ancillaries 1.72 Motherson Sumi Systems Auto Ancillaries 1.32 Gabriel India Auto Ancillaries 0.98 Amara Raja Batteries Auto Ancillaries 0.89 IndusInd Bank Banks 2.32 ICICI Bank Banks 1.99 HDFC Bank Banks 1.60 State Bank of India Banks 1.53 Kotak Mahindra Bank Banks 1.34 Yes Bank Banks 1.26 The Karur Vysya Bank Banks 1.00 City Union Bank Banks 0.91 RBL Bank Banks 0.87 Shree Cements Cement 1.62 Grasim Industries Cement 1.34 Birla Corporation Cement 1.33 Dalmia Bharat Cement 1.10 The India Cements Cement 0.90 Navin Fluorine International Chemicals 1.65 Himadri Speciality Chemical Chemicals 1.46 Tata Chemicals Chemicals 1.17 Atul Chemicals 0.99 Security and Intelligence Services (I) Commercial Services 1.00 Asian Granito India Construction 0.93 Kajaria Ceramics Construction 0.92 PSP Projects Construction 0.89 NBCC (India) Construction 0.87 KEC International Construction Project 1.42 Voltas Construction Project 1.34 Bata India Consumer Durables 1.04 Bajaj Electricals Consumer Durables 1.03 Orient Paper & Industries Consumer Durables 0.90 Sheela Foam Consumer Durables 0.87 Britannia Industries Consumer Non Durables 2.66 United Spirits Consumer Non Durables 1.14 Dwarikesh Sugar Industries Consumer Non Durables 0.84 Gujarat State Fertilizers & Chemicals Fertilisers 0.99 Bajaj Finance Finance 1.80 Bharat Financial Inclusion Finance 1.35 Muthoot Finance Finance 1.10 Dewan Housing Finance Corporation Finance 1.07 Housing and Urban Development Corporation Finance 1.03 ICICI Prudential Life Insurance Company Finance 0.97 Mahindra & Mahindra Financial Services Finance 0.96 Indraprastha Gas Gas 1.79 Petronet LNG Gas 1.77 Gujarat State Petronet Gas 0.97 BEML Industrial Capital Goods 1.22 Bharat Electronics Industrial Capital Goods 1.17 AIA Engineering Industrial Products 1.84 Finolex Industries Industrial Products 1.24 Mold-Tek Packaging Industrial Products 1.17 Schaeffler India Industrial Products 1.11 Finolex Cables Industrial Products 1.09 Ramkrishna Forgings Industrial Products 0.95 PVR Media & Entertainment 0.96 Sun TV Network Media & Entertainment 0.94 Hindalco Industries Non - Ferrous Metals 1.12 Hindustan Zinc Non - Ferrous Metals 0.98 UPL Pesticides 0.96 Hindustan Petroleum Corporation Petroleum Products 2.16 Indian Oil Corporation Petroleum Products 1.08 Aurobindo Pharma Pharmaceuticals 1.68 Natco Pharma Pharmaceuticals 1.29 Torrent Pharmaceuticals Pharmaceuticals 1.11 Infosys Software 1.14 L&T Technology Services Software 0.99 Cyient Software 0.98 SRF Textile Products 1.04 S. P. Apparels Textile Products 0.82 Vardhman Textiles Textiles - Cotton 1.10 Ganesha Ecosphere Textiles - Synthetic 0.80 TCI Express Transportation 1.09 Spicejet Transportation 1.06 Other Equities* 0.77 DERIVATIVES 1.06 Container Corporation of India Stock Future 0.53 Equitas Holdings Stock Future 0.27 Ujjivan Financial Services Stock Future 0.26 Investment Funds/Mutual Funds 0.56 Principal Short Term Income Fund - Direct Plan - Growth Option Mutual Fund 0.43 Principal Cash Management Fund - Growth Option Mutual Fund 0.13 CBLO / Reverse Repo Investments 4.85 Cash & Cash Equivalents *Holdings less than 0.75% SECTOR ALLOCATION (As on August 31, 2017) Banks 12.82% Finance 8.37% Industrial Products 7.40% Cement 6.29% Chemicals 5.27% Auto Ancillaries 4.91% Consumer Non Durables 4.64% Gas 4.53% Pharmaceuticals 4.08% Consumer Durables 3.84% Construction 3.61% Petroleum Products 3.24% Auto 3.15% Software 3.11% Construction Project 2.76% Industrial Capital Goods 2.39% Transportation 2.15% Non - Ferrous Metals 2.10% Media & Entertainment 1.90% Textile Products 1.86% Textiles - Cotton 1.10% Commercial Services 1.00% Fertilisers 0.99% Pesticides 0.96% Textiles - Synthetic 0.80% Ferrous Metals 0.68% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% (% of ) 9

10 Principal Growth Fund (An open-ended equity scheme) MAAUM: ` crore AUM: ` crore Per Unit: (As on August 31, 2017) Direct Plan Regular Plan Growth Option : ` ` Dividend Option (Half yearly) : ` ` INVESTMENT OBJECTIVE: To achieve long-term capital appreciation. DIVIDEND UPDATE Date Regular Plan Direct Plan Dividend Cum Dividend Cum (`/Unit)* Dividend (`/Unit)* Dividend June 16, December 23, June 24, December 24, December 29, 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 to payment of dividend, the of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. RATIOS & OTHER DETAILS (As on August 31, 2017) Standard Deviation^ (Annualised) 15.99% Beta^ 1.15 Sharpe Ratio^ (Annualised) 0.63 Portfolio Turnover Ratio** (as on August 31, 2017) 0.44 Expense Ratio # (as on August 31, 2017) Direct Plan % Regular Plan % Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 5.96% risk free rate of return (1 days - MIBOR Rate as on August 31, 2017). ** The Portfolio 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. Instrument Industry % of Equity Tata Motors Auto 2.43 Hero MotoCorp Auto 2.03 Maruti Suzuki India Auto 1.87 Asahi India Glass Auto Ancillaries 3.00 Rico Auto Industries Auto Ancillaries 1.93 HDFC Bank Banks 5.11 ICICI Bank Banks 4.69 State Bank of India Banks 3.05 Kotak Mahindra Bank Banks 1.62 The Karur Vysya Bank Banks 1.54 The Federal Bank Banks 1.54 Bank of Baroda Banks 1.21 Yes Bank Banks 1.19 Canara Bank Banks 1.06 City Union Bank Banks 1.04 Century Textiles & Industries Cement 1.59 Birla Corporation Cement 1.18 The India Cements Cement 1.18 Ultratech Cement Cement 1.13 JK Cement Cement 1.08 Phillips Carbon Black Chemicals 1.63 Prestige Estates Projects Construction 0.88 IRB Infrastructure Developers Construction 0.62 Milestone Global ** Construction 0.01 Larsen & Toubro Construction Project 2.36 KEC International Construction Project 2.26 Hindustan Construction Company Construction Project 0.96 Bajaj Electricals Consumer Durables 1.85 United Spirits Consumer Non Durables 2.38 Bombay Burmah Trading Corporation Consumer Non Durables 2.31 ITC Consumer Non Durables 1.98 Dabur India Consumer Non Durables 1.91 Britannia Industries Consumer Non Durables 1.85 CL Educate Diversified Consumer Services 0.61 Chambal Fertilisers and Chemicals Fertilisers 2.18 Dewan Housing Finance Corporation Finance 2.41 Housing Development Finance Corporation Finance 2.24 Shriram Transport Finance Company Finance 0.96 Mahindra Holidays & Resorts India Hotels, Resorts & Other Recreational Activities 1.09 The Indian Hotels Company Hotels, Resorts & Other Recreational Activities 0.79 Jain Irrigation Systems Industrial Products 1.88 Hindustan Zinc Non - Ferrous Metals 1.20 Reliance Industries Petroleum Products 3.34 Castrol India Petroleum Products 0.83 Aurobindo Pharma Pharmaceuticals 2.02 Sun Pharmaceutical Industries Pharmaceuticals 1.33 Abbott India Pharmaceuticals 0.89 Natco Pharma Pharmaceuticals 0.65 Dishman Carbogen Amics **@ Pharmaceuticals 0.53 NTPC Power 1.94 Kalpataru Power Transmission Power 1.26 Rattanindia Power Power 0.44 Tata Consultancy Services Software 1.55 HCL Technologies Software 1.44 Infosys Software 1.33 Hexaware Technologies Software 0.99 Raymond Textile Products 1.00 Investment Funds/Mutual Funds 1.26 Principal Short Term Income Fund - Direct Plan - Growth Option Mutual Fund 1.26 CBLO / Reverse Repo Investments 5.58 Cash & Cash Equivalents **Thinly traded/non traded securities and illiquid securities as defined in SEBI Regulations and Listing on Stock Exchange SECTOR ALLOCATION (TOP 10) (As on August 31, 2017) Banks Consumer Non Durables Auto Cement Finance Construction Project Pharmaceuticals Software Auto Ancillaries Petroleum Products 6.33% 6.16% 5.61% 5.58% 5.42% 5.31% 4.93% 4.17% 10.43% 22.05% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% (% of ) 10

11 Principal Dividend Yield Fund (An open-ended equity scheme) MAAUM: ` crore AUM: ` crore Per Unit: (As on August 31, 2017) Direct Plan Regular Plan Growth Option : ` ` Dividend Option (Half yearly) : ` ` 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. DIVIDEND UPDATE Date Regular Plan Direct Plan Dividend Cum Dividend Cum (`/Unit)* Dividend (`/Unit)* Dividend June 16, December 23, December 29, October 12, N.A. N.A. April 24, 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 to payment of dividend, the of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. RATIOS & OTHER DETAILS (As on August 31, 2017) Standard Deviation^ (Annualised) 14.79% Beta^ 1.05 Sharpe Ratio^ (Annualised) 0.55 Portfolio Turnover Ratio** (as on August 31, 2017) 0.61 Expense Ratio# (as on August 31, 2017) Direct Plan % Regular Plan % Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 5.96% risk free rate of return (1 days - MIBOR Rate as on August 31, 2017). ** The Portfolio 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. Instrument Industry % of Equity Hero MotoCorp Auto 4.73 Maruti Suzuki India Auto 4.47 Bajaj Auto Auto 1.44 Tata Motors A-DVR Auto 0.93 Asahi India Glass Auto Ancillaries 1.33 CEAT Auto Ancillaries 0.95 Exide Industries Auto Ancillaries 0.89 ICICI Bank Banks 4.06 HDFC Bank Banks 3.69 State Bank of India Banks 3.29 IndusInd Bank Banks 1.69 Kotak Mahindra Bank Banks 0.97 City Union Bank Banks 0.92 Dalmia Bharat Cement 3.23 Ultratech Cement Cement 1.73 Himadri Speciality Chemical Chemicals 1.77 Aarti Industries Chemicals 1.16 Deepak Fertilizers and Petrochemicals Corporation Chemicals 1.10 Phillips Carbon Black Chemicals 1.06 Gujarat Alkalies and Chemicals Chemicals 0.94 NBCC (India) Construction 0.92 KEC International Construction Project 1.60 Larsen & Toubro Construction Project 1.09 Orient Paper & Industries Consumer Durables 1.03 Hindustan Unilever Consumer Non Durables 7.97 ITC Consumer Non Durables 4.61 VST Industries Consumer Non Durables 2.32 Colgate Palmolive (India) Consumer Non Durables 1.92 DCM Shriram Consumer Non Durables 1.03 Bajaj Holdings & Investment Finance 2.27 Indraprastha Gas Gas 1.51 Petronet LNG Gas 1.32 Gujarat State Petronet Gas 1.09 Uflex Industrial Products 2.13 Cummins India Industrial Products 0.99 HEG Industrial Products 0.49 Hindustan Zinc Non - Ferrous Metals 1.28 Hindalco Industries Non - Ferrous Metals 1.26 Oil & Natural Gas Corporation Oil 1.40 Oil India Oil 1.22 Tamil Nadu Newsprint & Papers Paper 0.95 PI Industries Pesticides 1.09 Hindustan Petroleum Corporation Petroleum Products 4.05 Bharat Petroleum Corporation Petroleum Products 3.67 Reliance Industries Petroleum Products 2.83 Aurobindo Pharma Pharmaceuticals 1.03 Infosys Software 2.49 Cyient Software 1.13 NIIT Software 1.01 Raymond Textile Products 1.16 Himatsingka Seide Textile Products 0.98 SRF Textile Products 0.93 Investment Funds/Mutual Funds 0.17 Principal Cash Management Fund - Growth Option Mutual Fund 0.17 CBLO / Reverse Repo Investments 0.06 Cash & Cash Equivalents 0.65 SECTOR ALLOCATION (TOP 10) (As on August 31, 2017) Consumer Non Durables Banks Auto Petroleum Products Chemicals Cement Software Gas Industrial Products Auto Ancillaries 6.03% 4.96% 4.63% 3.92% 3.61% 3.17% 11.57% 10.55% 14.62% 17.85% 0.00% 4.00% 8.00% 12.00% 16.00% 20.00% (% of ) 11

12 Principal Index Fund - Nifty (An open-ended index scheme) MAAUM: ` crore AUM: ` crore Per Unit: (As on August 31, 2017) Direct Plan Regular Plan Growth Option : ` ` Dividend Option : ` ` 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. DIVIDEND UPDATE (REGULAR PLAN) Date Dividend (`/Unit)* Cum Dividend December 24, 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 to payment of dividend, the of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. RATIOS & OTHER DETAILS (As on August 31, 2017) Standard Deviation^ (Annualised) 13.19% Beta^ 1.00 Sharpe Ratio^ (Annualised) 0.25 Portfolio Turnover Ratio** (as on August 31, 2017) 0.27 Expense Ratio # (as on August 31, 2017) Direct Plan % Regular Plan % Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 5.96% risk free rate of return (1 days - MIBOR Rate as on August 31, 2017). ** The Portfolio 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. TRACKING DEVIATION 0.09%* * Trailing 12 months ended August 31, 2017 (Annualized). Instrument Industry % of Equity Maruti Suzuki India Auto 2.72 Tata Motors Auto 1.88 Mahindra & Mahindra Auto 1.67 Hero MotoCorp Auto 1.38 Eicher Motors Auto 1.12 Bajaj Auto Auto 1.02 Tata Motors A-DVR Auto 0.30 Bosch Auto Ancillaries 0.54 HDFC Bank Banks 9.59 ICICI Bank Banks 5.08 Kotak Mahindra Bank Banks 3.16 State Bank of India Banks 2.74 Axis Bank Banks 2.27 IndusInd Bank Banks 2.22 Yes Bank Banks 1.70 Bank of Baroda Banks 0.35 Ultratech Cement Cement 1.11 Ambuja Cements Cement 0.55 ACC Cement 0.40 Larsen & Toubro Construction Project 3.72 ITC Consumer Non Durables 6.39 Hindustan Unilever Consumer Non Durables 2.32 Asian Paints Consumer Non Durables 1.40 Tata Steel Ferrous Metals 1.14 Housing Development Finance Corporation Finance 7.52 Indiabulls Housing Finance Finance 1.04 GAIL (India) Gas 0.65 Zee Entertainment Enterprises Media & Entertainment 0.76 Coal India Minerals/Mining 0.82 Vedanta Non - Ferrous Metals 1.53 Hindalco Industries Non - Ferrous Metals 0.92 Oil & Natural Gas Corporation Oil 1.18 Reliance Industries Petroleum Products 7.05 Indian Oil Corporation Petroleum Products 1.23 Bharat Petroleum Corporation Petroleum Products 1.10 Sun Pharmaceutical Industries Pharmaceuticals 1.41 Cipla Pharmaceuticals 0.77 Dr. Reddy's Laboratories Pharmaceuticals 0.65 Lupin Pharmaceuticals 0.62 Aurobindo Pharma Pharmaceuticals 0.54 Power Grid Corporation of India Power 1.28 NTPC Power 1.11 Tata Power Company Power 0.38 Infosys Software 4.87 Tata Consultancy Services Software 3.53 HCL Technologies Software 1.31 Wipro Software 1.01 Tech Mahindra Software 0.71 Bharti Infratel Telecom - Equipment & Accessories 0.70 Bharti Airtel Telecom - Services 1.50 Adani Ports and Special Economic Zone Transportation 0.84 CBLO / Reverse Repo Investments 0.43 Cash & Cash Equivalents SECTOR ALLOCATION (TOP 10) (As on August 31, 2017) Banks Software Consumer Non Durables Auto Petroleum Products Finance Pharmaceuticals Construction Project Power Non - Ferrous Metals 3.99% 3.72% 2.77% 2.45% 11.43% 10.11% 10.09% 9.38% 8.56% (% of ) 27.11% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 12