Mutual Fund FUNDS INSIGHT October, 2020

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Equity Savings Fund An open-ended scheme investing in equity, arbitrage and debt

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Principal Large Cap Fund (An open ended equity scheme predominantly investing in large cap stocks) This Product Is Suitable For Investors Who Are Seeking~- • Long term Capital Growth • Investment predominantly in equity and equity-related securities of large cap companies. Investors understand that their principal will be at moderately high risk

Mutual Fund Investments are subject to market risk, read all scheme related documents carefully. 1 Principal Nifty 100 Equal Weight Fund (An open ended scheme replicating/ tracking Nifty 100 Equal Weight Index)

Investment Objective: To invest principally in securities that comprise Nifty 100 Equal Weight Index and subject to tracking errors endeavour to attain results commensurate with the Nifty 100 Equal Weight Index. Data As on September 30, 2020

Fund Details Portfolio

Minimum Investment Amount (`) Name % of NAV Name % of NAV Lumpsum Special Products Consumer Non Durables 14.09 Mahindra & Mahindra Ltd. 0.99 New Investor- ` 5,000 SIP- ` 500£ Colgate Palmolive (India) Ltd. 1.06 Ltd. 0.94 Existing Investor- ` 1,000 STP- ` 1,000  India Ltd. 1.06 Ltd. 0.93 RWP- ` 500 Ltd. 1.04 Cement 5.21 Ltd. 1.03  Ltd. 1.06 £ 12 installments each Berger Paints India Ltd. 1.03  Ltd. 1.06 Procter & Gamble Hygiene 1.02 Ultratech Cement Ltd. 1.05 Asset Under Managment (` Cr) and Health Care Ltd. Ltd. 1.03 MAAUM: 17.15 Ltd. 1.01 ACC Ltd. 1.01 Nestle India Ltd. 1.01 AUM: 16.89 ` Power 3.99 Ltd. 1.00  Ltd. 1.14 Ltd. 0.99 Ltd. 0.96 ITC Ltd. 0.98 Power Grid Corporation of India Ltd. 0.96 Load Structure Ltd. 0.97 Entry Load: NIL NTPC Ltd. 0.93 Ltd. 0.96 Petroleum Products 3.77 Exit Load: Nil [w.e.f. March 01, 2019] United Breweries Ltd. 0.93 Ltd. 1.02 Finance 13.97 Corporation Ltd. 0.95  Ltd. 1.06 Ltd. 0.93 ICICI Lombard General Allotment Date & Benchmark 1.04 Corporation Ltd. 0.87 Insurance Company Ltd. Transportation 2.93 Allotment Date HDFC Asset Management Company Ltd. 1.04 Adani Ports and Special Economic Zone Ltd. 0.99 Regular Plan: July 27, 1999 SBI Cards & Payment Services Ltd. 1.03 Housing Development Interglobe Aviation Ltd. 0.98 Direct Plan: January 1, 2013 1.03 Container Corporation of India Ltd. 0.96 Benchmark: Nifty 100 Equal Weight Finance Corporation Ltd. ICICI Prudential Life Insurance Company Ltd. 1.02 Gas 2.87 Index - TRI Ltd. 1.01 Petronet LNG Ltd. 0.99 Ltd. 0.99 GAIL (India) Ltd. 0.96 Plans Regular Plan & Direct Plan. SBI Life Insurance Company Ltd. 0.98 Ltd. 0.92 Options Both the Plans offer Growth & Dividend HDFC Life Insurance Company Ltd. 0.97 Consumer Durables 2.13 Option. Dividend Option under both the Plans General Insurance Corporation Of India 0.97 Ltd. 1.11 offers facility of Payout, Reinvestment and Sweep. Bajaj Holdings & Investment Ltd. 0.95 India Ltd. 1.02 Power Finance Corporation Ltd. 0.94 Non - Ferrous Metals 2.04 Fund Manager Details Piramal Enterprises Ltd. 0.94 Ltd. 1.03 Ltd. 1.01 Name: Rajat Jain Pharmaceuticals 10.97  Auto Ancillaries 2.04 Managing Since: August 2015 Abbott India Ltd. 1.06 Ltd. 1.05 Bosch Ltd. 1.07 Total Experience: 31 years Dr. Reddy's Laboratories Ltd. 1.01 Ltd. 0.97 Sun Pharmaceutical Industries Ltd. 1.01 Ferrous Metals 1.93 Ratios & Other Details (As on September 30, 2020) Ltd. 1.01 JSW Steel Ltd. 1.00 Standard Deviation^ (Annualised): 21.71% Ltd. 1.00 Ltd. 0.93 Beta^ : 1.00 Ltd. 0.99 Minerals/Mining 1.91 Sharpe Ratio^ (Annualised) : -0.09 Ltd. 0.98 Ltd. 0.96 Portfolio Turnover Ratio**: 0.49 Ltd. 0.96 NMDC Ltd. 0.95 Tracking Deviation*: 0.69% Lupin Ltd. 0.96 Industrial Capital Goods 1.06 Divi's Laboratories Ltd. 0.94 Ltd. 1.06 Banks 8.65 Retailing 1.05 Expense Ratio# (As on September 30, 2020) HDFC Bank Ltd. 1.04 Avenue Supermarts Ltd. 1.05 Direct Plan - 0.71 % ` Ltd. 1.01 Construction Project 1.03 Larsen & Toubro Ltd. 1.03 Regular Plan - 0.96 % State 0.99 Ltd. 0.99 Chemicals 1.02 ICICI Bank Ltd. 0.98 Ltd. 1.02 For NAV details, please refer page 6 0.93 Construction 0.98 Note: ^ The above measures have been calculated by taking rolling returns for Ltd. 0.93 DLF Ltd. 0.98 Pesticides 0.97 a 3 year period with 3.79% risk free rate of return (1 days - MIBOR Rate As on IndusInd Bank Ltd. 0.89 UPL Ltd. 0.97 September 30, 2020). 0.89 Oil 0.95 ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or Software 8.34  Oil & Natural Gas Corporation Ltd. 0.95 purchases made during the 12 month rolling year/period divided by the 12 (India) Ltd. 1.12  Telecom - Equipment & Accessories 0.87 month rolling year/period Average asset under Management for the relevant Ltd. 1.07 Oracle Financial Services Software Ltd. 1.06 Bharti Infratel Ltd. 0.87 year/period (As on September 30, 2020). Tata Consultancy Services Ltd. 1.04 Telecom - Services 0.87 # Weighted Average TER for the month, includes GST on management fees. HCL Technologies Ltd. 1.04 Ltd. 0.87 * Since Benchmark of the Fund change from Nity 50 to Nifty 100 Equal Weight Ltd. 1.02 Total Equity 99.57 (w.e.f 10-May-2018), Tracking Error is Calculated as below – Ltd. 1.02 Treasury Bills 0.06 • Nifty 50 TRI is consider from ( 01-Sep-2016 to 09-May-2018) & Larsen & Toubro Infotech Ltd. 0.97 182 DAY T-BILL Sovereign 0.06 • Nifty 100 Equal Weight TRI is consider for (10-May-2018 to 30-Sep-2020) Auto 5.93 TREPS / Reverse Repo Investments 1.79 Ltd. 1.04 TREPS 1.79 Industry Allocation (Top 10) (As on Sep 30, 2020) (% of NAV) Hero MotoCorp Ltd. 1.03 Cash & Cash Equivalents -1.42 India Ltd. 1.00 Net Assets 100.00  Consumer Non Durables 14.09% Top 10 Equity Holdings  Finance 13.97% * Holding less than 0.75%  Pharmaceuticals 10.97%  Banks 8.65% Performance (As on 30/09/2020)  Software 8.34%  Auto 5.93% Period Principal Nifty 100 Nifty 100 Equal Nifty 50 - TRI Equal Weight Fund Weight - TRI (Additional Benchmark)  Cement 5.21% (Scheme’s Benchmark)  Power 3.99% Returns $PTP Returns $PTP Returns $PTP  Petroleum Products 3.77% (%) Returns (%) Returns (%) Returns  Transportation 2.93% 1 Year (30-09-2019 to 30-09-2020) -2.83 9716.03 -0.36 9964.24 -0.97 9903.08 3 Years (29-09-2017 to 30-09-2020) -0.58 9827.54 -0.39 9881.83 6.02 11920.86 Market Cap Allocation (As on Sep 30, 2020) (% of NAV) 5 Years (30-09-2015 to 30-09-2020) 4.00 12171.24 5.95 13353.06 8.53 15063.68 Since Inception (27-07-1999 to 30-09-2020) 9.37 66683.90 NA NA 12.20 114783.56 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. Returns (in) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.

Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 24-Dec-08 3.7500 15.7934 NA NA Past performance may or may not be sustained in the future. * On face value of ` 10. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. 18 2 Index

Details Equity Markets Round Up 2 Fixed Income Market Update 3 How to Read Factsheet 4 Product Suitability 5 NAV (Net Asset Value) 6 Principal Fixed Income Funds Snapshot 7 Systematic Investment Plan (SIP) Returns 8 Equity Funds Principal Emerging Bluechip Fund 10 Principal Multi Cap Growth Fund 11 Principal Focused Multicap Fund 12 Principal Small Cap Fund 13 Principal Midcap Fund 14 Principal Dividend Yield Fund 15 Principal Tax Savings Fund 16 Principal Personal Tax Saver Fund 17 Principal Nifty 100 Equal Weight Fund 18 Hybrid Funds Principal Hybrid Equity Fund 19 Principal Balanced Advantage Fund 20 Principal Equity Savings Fund 21 Principal Arbitrage Fund 22 Fixed Income Funds Principal Cash Management Fund 23 Principal Ultra Short Term Fund 24 Principal Low Duration Fund 25 Principal Short Term Debt Fund 26 Solution Oriented Funds Principal Retirement Savings Fund (Progressive Plan) 27 Principal Retirement Savings Fund (Moderate Plan) 28 Principal Retirement Savings Fund (Conservative Plan) 29 Fund of Funds Principal Global Opportunities Fund 30 Other Details Annexure for returns of all the Schemes 31

1 EQUITY & DEBT MARKET OUTLOOK

Equity Markets Round Up: September 2020 The equity market rally that began in March finally took a breather with most markets correcting during the month. Of the 40 global equity markets tracked by Principal Global Investors, only 6 were up in September. The MSCI ACWI (USD) index was down by 3.4% during the month. The MSCI India (USD) index was up 0.6%, and India was among the better performing markets in the EM space. The MSCI EM (USD) index was down 1.8% during the month. For Q3, CY 2020, India was the one of best performing Emerging market, with MSCI India (USD) up nearly 15%. This was partly supported by the Rupee, which was up 2.3% during the quarter. After the strong inflows in Indian equity in August (led primarily by activity in the primary markets), FPIs were sellers during September, selling just over USD 1 BN of equity during the month. EMs as a category saw inflows of USD 940 MN of inflows during the month (source: JPMorgan data). Year to date, EM equity has seen outflows of USD 46.4 BN while India has had net inflows from FPIs of Rs. 20,350 crores. A rise in new COVID cases, the running down (or significant moderation) of fiscal stimulus in most developed countries and disagreement in the US about the size of a fresh stimulus package were the factors that likely pulled down global markets. The concerns on slowdown had some impact on commodity prices, with crude (Brent) down 9% during the month. The London Metals Index of six major industrial metals was down 1.6% during the month. Within India, the economy continued to be on the recovery path, and physical data continued to show improvement. Power generation in September was up 4.9% YoY (this number was negative for the past four months), rail freight loading was up 15% YoY and wholesale number for auto sales were good. While there was divergence across companies, 2-W sales across companies were up between 10-20%. Passenger vehicles sales were also strong. LCV sales were up, and MHCV sales also showed improvement, though they were still negative YoY. The strong auto sales also would be on account of inventory buildup ahead of the festive season. Separately, preliminary data showed that exports for the month of September were up 5.3% YoY (for the first time in six months) while contraction of imports reduced to 19.6% YoY (vs 26% YoY in August). Bank credit growth however, remained muted in August at 6% YoY vs a growth of 6.7% YoY in the month of July. GST collections showed substantial improvement during the month, and were up 4% YoY. During the month, the small cap indices outperformed the mid cap and the large cap indices, likely as a result of some investors investing into them as they expected incremental flows into the category as a result of the SEBI circular regarding proposed change in the asset allocation of multi cap funds. Among sectors, pharmaceuticals, consumer durables and IT continued to do well, while financials, energy and metals sector were laggards. Part of the performance of IT and pharmaceuticals could be explained by a strong USD (the Dollar index was up nearly 2% during the month). Consumer durables index was supported by the continued strong demand and the government’s steps to support manufacturing in India by giving incentives to specific industries. The rural economy is in relatively better shape as a result of two consecutive strong crops (Rabi in FY 20 and the Kharif this year). There are expectations that the forthcoming Rabi season may also be a good one also on account of good moisture as the rainfall was good in most parts of the country. Rural demand has been a contributory factor to supporting demand for consumer staples and two-wheelers and we expect that to continue in the near term. Outlook Incremental data from the reopening of the economy continues to be positive as listed above. Further, companies have tweaked their business models to cut costs and generally, the organised sector has gained from COVID related disruptions as the unorganised sector has had challenges both from the financing side and in adjusting to the new protocols and the costs associated with them. Consumer demand should continue to see improvement especially. for staples, white goods, two-wheelers and low end passenger vehicles. We think the markets would gradually continue to grind upwards though volatility will remain. The near-term risks to the markets are negative surprise on the consumer demand side during the festival season, news flow from the US elections if the results are delayed due to the large number of mail in votes, localised lockdowns by certain states and event related news on the border issue with China.

Growth Indicators August-20 September-20 Data Item 1 Month 1 year FII net flows (Rs. Crs) 47,079 -7,783 MSCI EM Index (USD) -1.77 8.09 Mutual Fund net flows (Rs. Crs) -8,359 -4,244 MSCI EM Index Local -1.82 9.97 Exports (USD Billion) 23.64 22.70 MSCI World Index (USD) -3.59 8.59 Nifty 100 Equal Weight Index -1.73 -1.57 Imports (USD Billion) 28.47 29.47 Indian Rupee -0.20 -4.08 CPI 6.93 6.69 Dollar Index (DXY) 1.89 -5.53 IIP -16.60 -10.40 Crude Oil- Brent -9.56 -32.63 Data as on 30th September 2020. Souce: Bloomberg, NSDL and Sebi CRB Index 2.84 4.74 websites Gold -4.17 28.07 Copper 0.07 16.54 Iron Ore -5.02 27.99 Cotton (Cotlook A Index) -0.42 -0.28 JP Morgan EM FX Index -1.68 -9.57 Data as on 30th September 2020. Source: Bloomberg, NSDL and Sebi websites 2 Performance As on September 30, 2020*

1 Month 3 Months 6 Months 1 Year 1 Month 3 Months 6 Months 1 Year Index Index (%) (%) (%) (%) (%) (%) (%) (%) Sectoral Indices Broad Indices S&P BSE AUTO 17876 1.08 17.03 66.35 6.65 Nifty 50 11248 -1.23 9.18 30.82 -2.00 S&P BSE Bankex 24355 -9.71 0.25 10.45 -25.95 S&P BSE Sensex 38068 -1.45 9.03 29.18 -1.55 S&P BSE CD 24278 6.68 19.37 25.38 -6.16 S&P BSE 100 11392 -0.78 9.42 31.41 -1.63 S&P BSE CG 13834 0.67 7.58 26.00 -26.00 S&P BSE FMCG 11051 -2.62 -1.84 7.77 -6.08 S&P BSE 200 4782 -0.50 9.76 32.46 -0.26 S&P BSE HC 19799 7.68 21.74 62.98 58.48 S&P BSE 500 14851 -0.26 10.51 33.81 0.28 S&P BSE METAL 8304 -5.99 15.18 45.35 -8.60 S&P BSE MID CAP 14705 0.30 12.64 39.12 4.26 S&P BSE Oil & Gas 12242 -6.43 -3.36 22.17 -16.39

S&P BSE SMALL CAP 14867 3.71 20.08 54.72 12.88 S&P BSE PSU 4539 -11.75 -7.02 1.78 -31.83 S&P BSE Teck 9213 5.86 21.72 43.88 20.37 *Performance for less than one year are absolute returns. Source - MFI Explorer

Fixed Income Market Update: September 2020 • The month was characterized by range bound movement in yields across money markets. Gilt and corporate bond yields saw downward movement. Short Term money market yields remained benign on back of ample banking system liquidity and low supply. 10 yr corporate bond and gilt yields fell as RBI devolved 10 yr gilt auctions sending a signal of their discomfort with higher yields. RBI also conducted Operation Twist during the month which helped to cool down yields as well. Stable global bond yields and oil prices also helped to support prices while CPI inflation and fiscal deficit slippage remains a concern. • India's fiscal deficit for the period April to August 2020 has come in at around 8.79 lakh crore, which is 109 per cent of the Budget estimates. • The ten yr gilt benchmark fell during the month to end at 6.01%, 10 bps lower than previous month. • Corporate bonds yields also fell during the month. The 5 yr AAA benchmark and the 10 yr AAA benchmark ended the month at 6.00% and 6.79% respectively compared to 6.00% and 6.91% in the previous month. • 1 year CD rates closed at 3.94% compared to 3.84% in the previous month. 3 month CD rates remained benign to close at 3.39%, 5 bps higher than previous month. • Brent Crude Oil prices fell during the month on signs of renewed lockdown measures across the world as coronavirus cases surged in some parts of the world including India. It ended the month at USD 40.95 per barrel from USD 44.39 per barrel in previous month. INR mildly depreciated to 73.77 during the month from 73.62 in previous month. For the month of September, FPIs were net buyers in the debt market to the tune of Rs 3345 cr. 10 yr US treasury yields fell marginally to 0.68% as compared to 0.70% at end of August. • CPI inflation for August was at 6.69% compared to 6.73% (revised) in previous month reflecting continued elevated prices in categories like food, fuel and others. • July Industrial production (IIP) growth came at -10.4% compared to -16.6% for previous month reflecting some resumption of economic activity as lockdown measures started easing. • Banking System Liquidity remains ample. For the month of September the monthly average surplus was Rs 3.3331 lakh cr. • Towards the end of the month, RBI announced the borrowing calendar for dated gilts for second half of FY 2021 and the quarterly borrowing calendars for T bills and SDLs. At Rs 4.34 lakh crore, it implies no change in the total gross borrowing figure of Rs 12 lakh cr for dated gilts. For Tbill gross issuance is pegged at 2.08 lakh crore and for SDLs it is Rs 2.02 lakh cr as compared to Rs 4.55 lakh cr and Rs 1.98 lakh cr respectively in 2QFY21 Outlook: • We expect Banking System liquidity to remain comfortable in the range of Rs 3 to 4 lakh crores for the month of October. Short term CD and CP rates and overnight rates should remain stable and low given the ample banking system liquidity and RBI measures. • We expect gilt and corporate bond yields to remain supported considering that the government has for now stuck to the 12 lakh cr borrowing target. RBI may announce open market operations which can support gilt prices as well. • The credit environment will remain fragile on uncertainty of revenues and cashflows due to the unprecedented nationwide lockdown.

3 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 15th 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 sub- categories. 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 Cash Management Fund. Rating methodology used by ICRA is based on evaluating the inherent credit quality of the mutual funds portfolio. As a measure of the credit quality of a debt fund’s assets, ICRA uses the concept of “credit scores”, based on ICRA’s assessment of credit risk associated with each exposure of the portfolio taking into account its maturity. To quantify the credit risk scores, ICRA uses its database of historical default rates for various rating categories for various maturity buckets. The credit risk ratings incorporate ICRA’s assessment of a debt fund’s published investment objectives and policies, its management characteristics, and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published rating opinions. If the portfolio credit score meets the benchmark of the assigned rating during the review, the rating is retained. In an event that the benchmark credit score is breached, ICRA gives a month’s time to the debt fund manager to bring the portfolio credit score within the benchmark credit score. If the debt fund manager is able to reduce the portfolio credit score within the benchmark credit score, the rating is retained. If the portfolio still continues to breach the benchmark credit score, the rating is revised to reflect the change in credit quality. The ratings should, however, not be construed as an indication of the prospective performance of the Mutual fund scheme or of volatility in its returns. ICRA ratings should not be treated as recommendation to buy, sell or hold the rated debt instruments. ICRA ratings are subject to a process of surveillance which may lead to a revision in ratings. Source: ICRA Ltd. DISCLAIMER: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. This factsheet is for informative purpose only and under no circumstances is to be used or considered as an investment advice. Terms of issue / load structure/ Scheme specific risk factors are set forth in the Scheme Information Document(SID). Copy of the same is available at all our Investor Service Centres. Alternatively, Investor can download the SID from our website - www.principalindia.com or can call us at 1800 425 5600 to get a copy of the same.

4 Product Suitability Scheme Names This product is suitable for investors who are seeking~ Riskometer Principal Focused Multicap Fund • Long term Capital Growth. (An open ended equity scheme investing in • Investment in equity & equity related securities including equity derivatives upto maximum 30 Multi cap stocks) a maximum of 30 stocks across market capitalization. Principal Emerging Bluechip Fund • Long term Capital Growth. (An open ended equity scheme investing in • Investment in equity & equity related securities including equity derivatives of both large cap and midcap stocks.) large & mid capitalization companies. Principal Small Cap Fund • Long term Capital Growth. (An open ended equity scheme predominantly • Predominantly investment in equity and equity related instruments of small cap investing in small cap stocks) companies Principal Midcap Fund (An open ended equity scheme predominantly • Long term Capital Growth. investing in mid cap stocks) • Investment in equity and equity related instruments of midcap companies Principal Multi Cap Growth Fund • Long term Capital Growth. (An open ended equity scheme investing across • Investment in equity & equity related securities including equity derivatives of large cap, mid cap, small cap stocks) companies across market capitalization. Principal Dividend Yield Fund • Long term Capital Growth. (An open ended equity scheme predominantly • Investment in equity & equity related securities including equity derivatives of investing in dividend yielding stocks) high dividend yield Companies. Principal Nifty 100 Equal Weight Fund • Long term Capital Growth. (An open ended scheme replicating/ tracking • Investment in equity securities including equity derivatives of Nifty 100 Equal Nifty 100 Equal Weight Index) Weight Index companies. • Long term Capital Growth. Principal Balanced Advantage Fund • Investment in equity & equity related securities including equity derivatives as (An Open-ended dynamic asset allocation fund) 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. Principal Personal Tax Saver Fund • Investment in equity & equity related securities including equity derivatives of (An open ended equity linked saving scheme) large capitalization Companies. Principal Tax Savings Fund (An open ended equity linked saving scheme • Long term Capital Growth with a three year lock-in. with a statutory lock in of 3 years and tax • Investment in equity & equity related securities including equity derivatives of benefit) companies across market capitalization. Principal Hybrid Equity Fund (An open ended hybrid scheme investing • Income and Long term Capital Growth. predominantly in equity and equity related • Investment in equity & equity related securities, debt/money market securities instruments) as well as derivatives. Principal Equity Savings Fund • Income generation and capital appreciation over the medium to long term. (An open ended scheme investing in equity, • Investment in equity and equity related instruments, debt and money market arbitrage and debt) instruments and arbitrage opportunities. Principal Retirement Savings Fund - Conservative Plan • Income generation and capital appreciation over the medium to long term. (An open ended retirement solution oriented • Investment in equity and equity related instruments, debt and money market scheme having a lock-in of 5 years or till instruments and arbitrage opportunities. retirement age (whichever is earlier)) Principal Retirement Savings Fund - Moderate Plan • Income and Long term capital growth. (An open ended retirement solution oriented • Investment in equity & equity related securities, debt/money market securities scheme having a lock-in of 5 years or till as well as derivatives. retirement age (whichever is earlier)) Principal Retirement Savings Fund - Progressive Plan • Long term Capital Growth. (An open ended retirement solution oriented • Investment in equity & equity related securities including equity derivatives of scheme having a lock-in of 5 years or till companies across market capitalization. retirement age (whichever is earlier))

Principal Short Term Debt Fund (An open ended short term debt scheme investing in instruments such that the • Income over a medium term investment horizon. Macaulay duration of the portfolio is between 1 • Investment in Debt & Money Market Instruments. year and 3 years.)

Principal Arbitrage Fund • Income over short-term. (An open ended scheme investing in arbitrage • Income through arbitrage opportunities between cash and derivative market opportunities) and arbitrage opportunities within the derivative segment. Principal Low Duration Fund (An open ended low duration debt scheme investing in instruments such that the • Income over a short term investment horizon. Macaulay duration of the portfolio is between 6 • Investment in Debt & Money Market Instruments. months and 12 months)

Principal Ultra Short Term Fund (An open ended ultra-short term debt scheme investing in instruments such that the • Income over a short term investment horizon. Macaulay duration of the portfolio is between 3 • Investment in Debt & Money Market instruments. months and 6 months)

Principal Global Opportunities Fund (An open ended fund of fund scheme investing • Long term Capital Growth. in Principal Global Investors Funds - Origin • Investment in overseas mutual fund schemes. Global Smaller Companies Fund)

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

5 ~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them. NAV (Net Asset Value) (As on September 30, 2020)

Equity Funds

Principal Emerging Bluechip Fund (`) Principal Multi Cap Growth Fund (`) Principal Tax Savings Fund (`) Regular Plan - Growth 108.62 Regular Plan - Growth 136.55 Regular Plan - Growth 199.46 Regular Plan - Half Yearly Dividend Option 41.94 Regular Plan - Half Yearly Dividend Option 33.76 Regular Plan - Half Yearly Dividend Option 199.46 Direct Plan - Growth 116.98 Direct Plan - Growth 144.72 Direct Plan - Growth 207.65 Direct Plan - Half Yearly Dividend Option 89.07 Direct Plan - Half Yearly Dividend Option 43.34 Direct Plan - Half Yearly Dividend Option 207.65

Principal Nifty 100 Equal Weight Fund (`) Principal Focused Multicap Fund (`) Principal Dividend Yield Fund (`) Regular Plan - Growth 66.6839 Regular Plan - Growth 67.35 Regular Plan - Growth 54.35 Regular Plan - Dividend 39.1914 Regular Plan - Half Yearly Dividend Option 25.34 Regular Plan - Half Yearly Dividend Option 22.88 Direct Plan - Growth 68.8416 Direct Plan - Growth 71.04 Direct Plan - Growth 56.61 Direct Plan - Dividend 40.4572 Direct Plan - Half Yearly Dividend Option 26.24 Direct Plan - Half Yearly Dividend Option 31.39

Principal Small Cap Fund (`) Principal Midcap Fund (`) Principal Personal Tax Saver Fund (`) Regular Plan - Growth 11.9100 Regular Plan - Growth 10.2800 Regular Plan - Growth 185.74 Regular Plan - Dividend 11.9100 Regular Plan - Dividend 10.2800 Direct Plan - Growth 193.56 Direct Plan - Growth 12.2100 Direct Plan - Growth 10.4400 Direct Plan - Dividend 12.2100 Direct Plan - Dividend 10.4400

Hybrid Funds

Principal Hybrid Equity Fund (`) Principal Balanced Advantage Fund (`) Principal Equity Savings Fund (`) Regular Plan - Growth 75.89 Regular Plan - Growth 21.55 Regular Plan - Growth 38.3980 Regular Plan - Monthly Dividend Option 21.29 Regular Plan - Monthly Dividend Option 13.16 Regular Plan - Quaterly Dividend Option 12.7619 Direct Plan - Growth 82.16 Direct Plan - Growth 23.51 Regular Plan - Half Yearly Dividend Option 12.3938 Direct Plan - Monthly Dividend Option 29.86 Direct Plan - Monthly Dividend Option 14.96 Direct Plan - Growth 41.2743 Direct Plan - Quaterly Dividend Option 16.1861 Direct Plan - Half Yearly Dividend Option 12.3101

Principal Arbitrage Fund (`) Regular Plan - Growth 11.4603 Regular Plan - Monthly Dividend Option 10.0762 Direct Plan - Growth 11.7542 Direct Plan - Monthly Dividend Option 10.1648

Fixed Income Funds

Principal Cash Management Fund (`) Principal Low Duration Fund (`) Principal Short Term Debt Fund (`) Regular Plan - Growth 1779.7395 Regular Plan - Growth 2681.0895 Regular Plan - Growth 33.6972 Regular Plan - Daily Dividend Option 1000.8893 Regular Plan - Daily Dividend Option 915.3758 Regular Plan - Monthly Dividend Option 12.8227 Regular Plan - Weekly Dividend Option 1007.0424 Regular Plan - Weekly Dividend Option 915.5270 Direct Plan - Growth 35.5558 Regular Plan - Monthly Dividend Option 1023.9872 Regular Plan - Monthly Dividend Option 1038.3154 Direct Plan - Monthly Dividend Option 12.8661 Direct Plan - Growth 1789.6758 Direct Plan - Growth 2789.7475 Direct Plan - Daily Dividend Option 1000.6367 Direct Plan - Daily Dividend Option 919.5611 Direct Plan - Weekly Dividend Option 1007.5060 Direct Plan - Weekly Dividend Option 918.1819 Direct Plan - Monthly Dividend Option 1024.0259 Direct Plan - Monthly Dividend Option 1043.2405

Principal Ultra Short Term Fund (`) Regular Plan - Growth 2146.5436 Regular Plan - Daily Dividend Option 1005.4300 Regular Plan - Weekly Dividend Option 1019.7220 Regular Plan - Monthly Dividend Option 1060.0190 Direct Plan - Growth 2220.3990 Direct Plan - Monthly Dividend Option 1060.3605

Solution Oriented Funds

Principal Retirement Savings Fund (CP) (`) Principal Retirement Savings Fund (PP) (`) Principal Retirement Savings Fund (MP) (`) Regular Sub Plan - Growth 12.5584 Regular Sub Plan - Growth 13.1593 Regular Sub Plan - Growth 12.9142 Direct Sub Plan - Growth 12.8361 Direct Sub Plan - Growth 13.6086 Regular Sub Plan - Dividend 12.9142 Direct Sub Plan - Growth 13.3169

Fund of Funds

Principal Global Opportunities Fund (`) Regular Plan - Growth 31.7829 Regular Plan - Dividend 31.7829 Direct Plan - Growth 32.8061 Direct Plan - Dividend 32.8061

6 Principal Fixed Income Funds Snapshot (As on September 30, 2020)

NIL 119 6.59 9.82 8.36 0.00 35.18 11.40 14.32 14.33 51.59 34.08 14.33 3.59% 150.60 115 Days 122 Days Principal Ultra Short Term Fund Term Short Ultra Principal Ultra Short Duration Ultra instruments Market Money and Debt in Invest portfolio the of duration Macaulay that such 3-6 months is between Short Duration Ultra Nifty Index Debt NA NA NA NIL 0.07 3.14 2.20 54.94 27.57 17.42 51.80 27.64 17.42 4.82% 161.16 2.11 Yrs 2.11 Yrs 2.48 Principal Short Term Debt Fund Debt Term Short Principal Short Duration Invest in duration Macaulay that such instruments Debt and years 1-3 the portfolio is between of Money Market Index Bond Fund Term Short CRISIL NIL 232 5.06 2.03 8.36 2.07 99.77 36.64 11.46 16.46 19.99 41.66 36.28 19.99 3.77% 224 Days 245 Days Principal Low Duration Fund Duration Low Principal Low Duration Low instruments Market Money and Debt in Invest portfolio the of duration Macaulay that such 6-12 months is between Index Debt Duration Low CRISIL Fund Details Rating Break up Break Rating Asset Allocation Asset

0.0070% 0.0065% 0.0060% 0.0055% 0.0050% 0.0045% 0.0000% Exit load as a % of load Exit redemption proceeds redemption 21 NA NA NA 4.58 7.24 0.00 68.00 20.18 11.82 68.00 20.18 3.21% 152.20 20 Days 21 Days

Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day Principal Cash Management Fund Cash Management Principal subscription Day 7 onwards Day Investor exit upon exit Investor * with effect from October 20, 2019. 20, October from with effect * Liquid securities with up 91 to in and maturity market debt money Invest days Index Liquid Fund CRISIL YTM Modified Duration Maturity Average Duration Macaulay Load* Exit Deposits of Certificate Paper Commercial BONDS & NCD Sovereign SECURITIES GOVERNMENT STATE Bills Treasury Assets Cash and Other AAAA1+ / AA+ Sovereign Assets Cash and Other Category Positioning Index Benchmark AUM End Month Features 7 Systematic Investment Plan (SIP) Returns (As on September 30, 2020)

SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN Principal Emerging Bluechip Fund - Growth Scheme’s Benchmark Additional Benchmark Total Amount Scheme’s Returns (NIFTY Large Midcap 250 Index - TRI) (Nifty 50 - TRI) Particulars Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 17.48 1,31,010 17.63 1,31,101 10.15 1,26,458 3 Years SIP 3,60,000 3.79 3,81,443 3.54 3,79,980 3.74 3,81,118 5 Years SIP 6,00,000 7.13 7,18,314 6.74 7,11,351 7.00 7,15,991 7 Years SIP 8,40,000 11.08 12,46,470 9.03 11,58,481 7.78 11,07,745 10 Years SIP 12,00,000 14.76 25,97,544 11.04 21,28,657 9.12 19,23,106 Since Inception SIP 14,20,000 15.79 38,45,187 11.75 29,55,535 9.75 25,99,450 Inception Date - November 12, 2008 Principal Dividend Yield Fund - Growth Scheme’s Benchmark (Nifty Dividend Additional Benchmark Total Amount Scheme’s Returns Opportunities 50 Index - TRI)* (Nifty 50 - TRI) Particulars Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 13.57 1,28,590 6.32 1,24,044 10.15 1,26,458 3 Years SIP 3,60,000 3.32 3,78,718 -1.00 3,54,494 3.74 3,81,118 5 Years SIP 6,00,000 7.35 7,22,277 3.90 6,62,266 7.00 7,15,991 7 Years SIP 8,40,000 8.85 11,50,788 5.45 10,19,622 7.78 11,07,745 10 Years SIP 12,00,000 9.91 20,05,164 7.01 17,21,033 9.12 19,23,106 Since Inception SIP 19,10,000 10.11 45,43,016 NA NA 10.35 46,45,631 Inception Date - October 15, 2004 Principal Focused Multicap Fund - Growth Scheme’s Benchmark Additional Benchmark Total Amount Scheme’s Returns (S&P BSE 250 Large Midcap - TRI) (Nifty 50 - TRI) Particulars Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 9.92 1,26,315 12.93 1,28,194 10.15 1,26,458 3 Years SIP 3,60,000 5.12 3,89,118 3.60 3,80,347 3.74 3,81,118 5 Years SIP 6,00,000 7.16 7,18,860 6.86 7,13,425 7.00 7,15,991 7 Years SIP 8,40,000 8.32 11,29,470 8.27 11,27,164 7.78 11,07,745 10 Years SIP 12,00,000 9.88 20,02,419 9.85 19,99,283 9.12 19,23,106 Since Inception SIP 17,80,000 10.83 42,14,597 10.25 40,17,091 9.64 38,16,929 Inception Date - November 11, 2005 SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN & SIDDARTH MOHTA Principal Multi Cap Growth Fund - Growth Scheme’s Benchmark Additional Benchmark Total Amount Scheme’s Returns (Nifty 500 Index - TRI) (Nifty 50 - TRI) Particulars Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 10.11 1,26,435 13.16 1,28,339 10.15 1,26,458 3 Years SIP 3,60,000 -0.28 3,58,472 2.86 3,76,086 3.74 3,81,118 5 Years SIP 6,00,000 4.44 6,71,358 6.16 7,01,056 7.00 7,15,991 7 Years SIP 8,40,000 7.29 10,88,802 7.75 11,06,519 7.78 11,07,745 10 Years SIP 12,00,000 10.48 20,66,615 9.42 19,53,525 9.12 19,23,106 Since Inception SIP 23,90,000 13.14 1,04,57,965 13.85 1,14,00,162 13.10 1,04,07,485 Inception Date - October 25, 2000 SCHEMES MANAGED BY MR. SUDHIR KEDIA Principal Tax Savings Fund - Growth Scheme’s Benchmark Additional Benchmark Total Amount Scheme’s Returns (Nifty 500 Index - TRI)** (Nifty 50 - TRI)^ Particulars Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 11.39 1,27,231 13.16 1,28,339 10.15 1,26,458 3 Years SIP 3,60,000 -0.30 3,58,327 2.86 3,76,086 3.74 3,81,118 5 Years SIP 6,00,000 4.26 6,68,353 6.16 7,01,056 7.00 7,15,991 7 Years SIP 8,40,000 7.11 10,81,675 7.75 11,06,519 7.78 11,07,745 10 Years SIP 12,00,000 10.39 20,56,794 9.42 19,53,525 9.12 19,23,106 Since Inception SIP 28,70,000 15.22 2,44,48,525 Not Available Inception Date - March 31, 1996

Principal Personal Tax Saver Fund - Growth Scheme’s Benchmark Additional Benchmark Total Amount Scheme’s Returns (Nifty 500 Index- TRI)** (Nifty 50 - TRI)^ Particulars Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 11.23 1,27,134 13.16 1,28,339 10.15 1,26,458 3 Years SIP 3,60,000 -0.58 3,56,800 2.86 3,76,086 3.74 3,81,118 5 Years SIP 6,00,000 2.14 6,33,440 6.16 7,01,056 7.00 7,15,991 7 Years SIP 8,40,000 4.26 9,77,122 7.75 11,06,519 7.78 11,07,745 10 Years SIP 12,00,000 6.83 17,05,041 9.42 19,53,525 9.12 19,23,106 Since Inception SIP 29,30,000 15.54 2,76,34,320 Not Available Inception Date - March 31, 1996

Different plans shall have a different expense structure. Returns shown above are for Regular Plan - Growth option.Past performance may or may not be sustained in the future. The returns shown above are calculated using XIRR approach (CAGR Returns) 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 ‘Returns’ section on page 33. 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. Ravi Gopalakrishnan manages Principal Emerging Bluechip Fund, Principal Focused Multicap Fund and Principal Dividend Yield Fund (w.e.f. October 2019). Mr. Ravi Gopalakrishnan manages Principal Multi Cap Growth Fund, Equity portion of Principal Balanced Advantage Fund and Mr. Siddarth Mohta has been appointed as a Associate Fund Manager of Principal Multi Cap Growth Fund (w.e.f. August 2018). Mr. Sudhir Kedia manages Principal Tax Savings Fund, Principal Tax Saver Fund and Equity portion of Principal Equity Savings Fund (w.e.f. October 2019). ^Since TRI data is not available for the period 31-03-1996 to 30-06-1999 for Nifty 50 Index, SIP performance for since inception period is not provided. **Since TRI data is not available for the period 31-03-1996 to 26-11-1998 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 Systematic Investment Plan (SIP) Returns (As on September 30, 2020)

SCHEME MANAGED BY MR. SUDHIR KEDIA & GURVINDER SINGH WASAN Principal Equity Savings Fund - Growth Scheme’s Benchmark Additional Benchmark Total Amount Scheme’s Returns (Nifty Equity Savings Index) (CRISIL 10 year Gilt Index) Particulars Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 11.33 1,27,198 8.50 1,25,423 6.30 1,24,032 3 Years SIP 3,60,000 5.25 3,89,895 6.54 3,97,449 9.30 4,14,071 5 Years SIP 6,00,000 5.69 6,92,849 7.34 7,22,033 7.84 7,31,038 7 Years SIP 8,40,000 6.06 10,42,001 7.65 11,02,742 8.10 11,20,433 10 Years SIP 12,00,000 6.24 16,53,157 8.30 18,41,475 7.77 17,90,725 Since Inception SIP 22,00,000 6.83 42,96,413 NA NA 6.88 43,16,140 Inception Date - May 23, 2002

SCHEME MANAGED BY MR. RAVI GOPALAKRISHNAN & MS. BEKXY KURIAKOSE

Principal Balanced Advantage Fund - Growth Scheme’s Bechmark (50% Nifty 100 TRI + Scheme’s Returns 35% Crisil Short Term Bond Index + 15% Additional Benchmark Particulars Total Amount (Nifty 50 - TRI) Invested (in `) Nifty Arbitrage) Returns Yield * (%) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 10.43 1,26,630 9.33 1,25,942 10.15 1,26,458 3 Years SIP 3,60,000 4.08 3,83,091 6.20 3,95,456 3.74 3,81,118 5 Years SIP 6,00,000 4.78 6,77,100 7.55 7,25,891 7.00 7,15,991 7 Years SIP 8,40,000 5.83 10,33,417 8.15 11,22,357 7.78 11,07,745 Since Inception SIP 11,70,000 7.81 17,31,718 9.07 18,46,862 9.21 18,60,658 Inception Date - December 16, 2010

SCHEME MANAGED BY MR. RAVI GOPALAKRISHNAN, MR. ASHISH AGGARWAL & MS. BEKXY KURIAKOSE

Principal Hybrid Equity Fund - Growth Scheme’s Benchmark (CRISIL Hybrid 35+65 - Additional Benchmark Total Amount Scheme’s Returns Aggressive Index)# (Nifty 50 - TRI) Particulars Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 9.92 1,26,311 13.08 1,28,285 10.15 1,26,458 3 Years SIP 3,60,000 1.43 3,67,988 6.95 3,99,918 3.74 3,81,118 5 Years SIP 6,00,000 5.67 6,92,429 8.37 7,40,826 7.00 7,15,991 7 Years SIP 8,40,000 7.81 11,09,123 9.15 11,63,208 7.78 11,07,745 10 Years SIP 12,00,000 9.87 20,00,643 9.97 20,11,904 9.12 19,23,106 Since Inception SIP 24,80,000 12.05 99,40,655 9.57 73,24,663 12.96 1,11,37,974 Inception Date - January 14, 2000 SCHEMES MANAGED BY GURVINDER SINGH WASAN Principal Short Term Debt Fund - Growth Scheme’s Benchmark Additional Benchmark Total Amount Scheme’s Returns (CRISIL Short-Term Bond Fund Index) (CRISIL 10 Year Gilt Index) Particulars Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 12.59 1,27,974 9.38 1,25,966 6.49 1,24,148 3 Years SIP 3,60,000 5.17 3,89,434 9.39 4,14,559 9.31 4,14,081 5 Years SIP 6,00,000 5.14 6,83,206 8.60 7,45,126 7.84 7,31,048 7 Years SIP 8,40,000 5.79 10,31,859 8.59 11,40,071 8.10 11,20,452 10 Years SIP 12,00,000 6.56 16,80,807 8.65 18,75,601 7.77 17,90,745 Since Inception SIP 20,80,000 7.22 40,54,930 8.11 44,23,428 6.94 39,45,509 Inception Date - May 09, 2003 SCHEME MANAGED BY MR. RAJAT JAIN

Principal Nifty 100 Equal Weight Fund - Growth Scheme’s Benchmark Additional Benchmark Total Amount Scheme’s Returns (Nifty 100 Equal Weight - TRI)~ (Nifty 50 - TRI) Particulars Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 6.50 1,24,160 9.79 1,26,234 10.15 1,26,458 3 Years SIP 3,60,000 -1.90 3,49,583 -0.60 3,56,709 3.74 3,81,118 5 Years SIP 6,00,000 1.45 6,22,508 2.74 6,43,166 7.00 7,15,991 7 Years SIP 8,40,000 3.03 9,35,313 5.18 10,09,888 7.78 11,07,745 10 Years SIP 12,00,000 5.26 15,70,865 7.77 17,90,707 9.12 19,23,106 Since Inception SIP 25,40,000 9.62 78,61,256 NA NA 12.91 1,19,90,037 Inception Date - July 27, 1999

Different plans shall have a different expense structure. Returns shown above are for Regular Plan - Growth option.Past performance may or may not be sustained in the future. The returns shown above are calculated using XIRR approach (CAGR Returns) 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 ‘Returns’ section on page 33. 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. Ravi Gopalakrishnan manages Principal Balanced Advantage Fund - Equity Portion, Principal Hybrid Equity Fund - Equity Portion and Mr. Gurvinder Singh Wasan manages Principal Equity Savings Fund - Debt portion (w.e.f. May 2019). Mr. Sudhir Kedia manages Principal Tax Savings Fund, Principal Personal Tax Saver Fund Principal Equity Savings Fund - Equity Portion (w.e.f. October 2019). Mr. Gurvinder Singh Wasan manage Principal Equity Savings Fund - Debt portion (w.e.f. May 2019). Mr. Ravi Gopalakrishnan manage Principal Hybrid Equity Fund - Equity Portion, Mr. Bekxy Kuriakose - Debt Portion and Mr. Ashish Aggrawal - Associate Fund Manager (w.e.f. October 2019) 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 EqualWeight 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 35+65 - 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 31-03-1996 to 30-06-1999 for Nifty 50 Index, SIP performance for since inception period is not provided. **Since TRI data is not available for the period 31-03-1996 to 26-11-1998 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. Performance of Principal Midcap Fund is not given as the scheme has not completed 1 year. 9 Principal Emerging Bluechip Fund (An open ended equity scheme investing in both large cap and midcap stocks.) Investment Objective: The primary objective of the Scheme is to achieve long-term capital appreciation by investing in equity & equity related instruments of large cap & midcap companies. Data As on September 30, 2020 Fund Details Portfolio

Minimum Investment Amount (`) % to Net % to Net Lumpsum Special Products Name % of NAV Assets Name % of NAV Assets Derivatives Derivatives New Investor- ` 300 SIP- ` 100£ Tata Consumer Products Ltd. 1.29 Existing Investor- ` 300 STP- ` 1,000 Banks 10.72 RWP- ` 500 HDFC Bank Ltd. 4.92 Ltd. 1.25 £12 installments each ICICI Bank Ltd. 2.99 Hindustan Unilever Ltd. 0.97 Auto Ancillaries 4.66 Asset Under Managment (` Cr) Kotak Mahindra Bank Ltd. 1.65 MAAUM: 2,116.15 Axis Bank Ltd. 1.16 Ltd. 2.05 AUM: 2,118.51 ` Finance 9.59 MRF Ltd. 1.37 Bajaj Finance Ltd. 2.02 Ltd. 1.24 Load Structure Max Financial Services Ltd. 1.77 Cement 2.88 Entry Load: NIL Mahindra & Mahindra Ultratech Cement Ltd. 1.47 1.50 Exit Load:If redeemed/ switched on or before Financial Services Ltd. Shree Cement Ltd. 1.41 365 days from the date of allotment: Bajaj Finserv Ltd. 1.35 Auto 1.70 Nil for redemption/ switch out of units upto 24% Housing Development Finance 1.26 of the units allotted (the limit) Corporation Ltd. Maruti Suzuki India Ltd. 1.70 1% on redemption in excess of 24% of the limit stated above- Redemption of units would be done SBI Life Insurance Company Ltd. 0.85 Healthcare Services 1.66 on First in First out Basis (FIFO) Muthoot Finance Ltd. 0.84 Dr. Lal Path labs Ltd. 1.66  Nil thereafter. (w.e.f. March 31, 2020) Pharmaceuticals 8.06 Transportation 1.49 Allotment Date & Benchmark Divi's Laboratories Ltd. 3.09 TCI Express Ltd. 1.49 Allotment Date Regular Plan: November 12, 2008 Torrent Pharmaceuticals Ltd. 1.77 Retailing 1.39 Direct Plan: January 1, 2013 Ltd. 1.69 Avenue Supermarts Ltd. 1.39 Benchmark: NIFTY Large Midcap 250 Index - TRI Ltd. 1.51 Pesticides 1.27 (w.e.f. May 30, 2018) Software 8.04 PI Industries Ltd. 1.27

 Gas 1.26 Plans Regular Plan & Direct Plan. Infosys Ltd. 3.70 Options Both the Plans offer Growth & Half Tata Consultancy Services Ltd. 2.37 Gujarat State Petronet Ltd. 1.26 Yearly Dividend Option. Textile Products 1.04 Half Yearly Dividend Option under both the Plans HCL Technologies Ltd. 1.06 Ltd. 1.04 offers facility of Payout, Reinvestment and Sweep. Ltd. 0.91 Media & Entertainment 1.00 Fund Manager Details Chemicals 7.43 Sun TV Network Ltd. 1.00 Name: Ravi Gopalakrishnan Navin Fluorine International Ltd. 2.35 Telecom - Services 0.93 Managing Since: October 2019 Atul Ltd. 1.89 Bharti Airtel Ltd. 0.93 Total Experience: 26 years Fine Organic Industries Ltd. 1.77 Construction Project 0.92 Rossari Biotech Ltd. 1.42 Ratios & Other Details (As on September 30, 2020) Larsen & Toubro Ltd. 0.92 Standard Deviation^ (Annualised): 22.45% Industrial Products 6.78 Beta^ : 0.96 Construction 0.79 AIA Engineering Ltd. 2.39 Sharpe Ratio^ (Annualised) : 0.05 Kajaria Ceramics Ltd. 0.79 Astral Poly Technik Ltd. 1.27 Portfolio Turnover Ratio**: 0.47 Other Equities* 4.66 Mold-Tek Packaging Ltd. 1.18 # Total Equity 94.95 Expense Ratio (As on September 30, 2020) SKF India Ltd. 0.99 Direct Plan - 1.00 % ` DERIVATIVES SRF Ltd. 0.95 Futures - National Stock Regular Plan - 2.11 % -1.33 Consumer Durables 6.68 Exchange of India Ltd. Treasury Bills 0.06  (India) Ltd. 3.12 For NAV details, please refer page 6 182 DAY T-BILL Sovereign 0.06 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year Ltd. 1.31 period with 3.79% risk free rate of return (1 days - MIBOR Rate As on September 30, 2020). TREPS / Reverse Repo Investments 5.72 ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases Relaxo Footwears Ltd. 1.22 TREPS 5.72 made during the 12 month rolling year/period divided by the 12 month rolling year/period Bata India Ltd. 1.03 Average asset under Management for the relevant year/period (As on September 30, 2020). Cash & Cash Equivalents -0.73 # Weighted Average TER for the month, includes GST on management fees. Petroleum Products 6.10 Net Assets 100.00  Industry Allocation (As on September 30, 2020) (% of NAV) Reliance Industries Ltd. 6.10  Banks 11.83% Consumer Non Durables 5.90   Finance 9.63%  Top 10 Equity Holdings  Pharmaceuticals 8.06% Jubilant Foodworks Ltd. 2.39 * Holding less than 0.75%  Software 8.04%  Chemicals 7.46%  Consumer Durables 7.19%  Industrial Products 6.78%  Petroleum Products 6.70%  Consumer Non Durables 5.90%  Auto Ancillaries 5.86%  Cement 2.88%  Auto 2.24%  Retailing 2.02%  Healthcare Services 1.66% Performance (As on 30/09/2020)  Transportation 1.49%  Pesticides 1.27%  Gas 1.26% Period Principal Emerging NIFTY Large Midcap Nifty 50 - TRI  Textile Products 1.04% Bluechip Fund 250 Index - TRI (Additional Benchmark)  Media & Entertainment 1.00% (Scheme’s Benchmark)  Telecom - Services 0.93%  Construction Project 0.92% Returns $PTP Returns $PTP Returns $PTP  Construction 0.79% (%) Returns (%) Returns (%) Returns 1 Year (30-09-2019 to 30-09-2020) 6.26 10628.18 4.78 10478.85 -0.97 9903.08 3 Years (29-09-2017 to 30-09-2020) 2.35 10723.66 3.78 11179.86 6.02 11920.86 Market Cap Allocation (As on Sep 30, 2020) (% of NAV) 5 Years (30-09-2015 to 30-09-2020) 10.07 16161.29 9.18 15521.73 8.53 15063.68 Since Inception (12-11-2008 to 30-09-2020) 22.21 108620.00 15.99 58318.21 13.60 45553.78 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. Returns (in) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.

Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 15-Dec-17 5.92 48.24 N.A. N.A. 16-Jun-17 12.10 54.31 N.A. N.A. Market Cap Ranges will be determined as per prevailing SEBI/ 23-Dec-16 4.50 46.71 N.A. N.A. AMFI guidelines where Past performance may or may not be sustained in the future. * On face value of ` 10. · Large Cap: 1st -100th company in terms of full market capitalization. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of · Mid Cap: 101st -250th company in terms of full market capitalization. schemes/plans would fall to the extent of payout and statutory levy, if applicable. · Small Cap: 251st company onwards in terms of full market capitalization. 10 Principal Multi Cap Growth Fund (An open ended equity scheme investing across large cap, mid cap, small cap stocks)

Investment Objective: To achieve long – term capital appreciation. Data As on September 30, 2020 Fund Details Portfolio

% to Net % to Net Minimum Investment Amount (`) % of % of Name Assets Name Assets NAV NAV Lumpsum Special Products Derivatives Derivatives ` ` £ New Investor- 300 SIP- 100 Banks 16.17 Chemicals 3.46 Existing Investor- ` 300 STP- ` 1,000  RWP- ` 500 HDFC Bank Ltd. 7.34 Rossari Biotech Ltd. 1.48 £12 installments each ICICI Bank Ltd. 3.78 Atul Ltd. 1.12 Kotak Mahindra Bank Ltd. 2.64 Aarti Industries Ltd. 0.86 Asset Under Managment (` Cr) 1.21 Cement 3.37 MAAUM: 654.20 AUM: 648.79 ` Axis Bank Ltd. 1.20 Ultratech Cement Ltd. 1.31 Software 10.90 JK Cement Ltd. 1.17 Infosys Ltd. 6.17 Shree Cement Ltd. 0.89 Load Structure Tata Consultancy Services Ltd. 4.73 Auto 3.20 Entry Load: NIL Exit Load:If redeemed/ switched on or be- Petroleum Products 10.73 Maruti Suzuki India Ltd. 2.11 fore 365 days from the date of allotment: Reliance Industries Ltd. 9.84 Mahindra & Mahindra Ltd. 1.09 Nil for redemption/ switch out of units upto Hindustan Petroleum Corporation Ltd. 0.89 Industrial Products 2.91 24% of the units allotted (the limit) Finance 10.69 Timken India Ltd. 1.08 1% on redemption in excess of 24% of the Housing Development limit stated above- Redemption of units would 3.20 Astral Poly Technik Ltd. 1.07 Finance Corporation Ltd. be done on First in First out Basis (FIFO) SRF Ltd. 0.76 Bajaj Finance Ltd. 2.23 Nil thereafter. (w.e.f. March 31, 2020) Pesticides 2.37 Max Financial Services Ltd. 1.56 Bayer Cropscience Ltd. 1.24 SBI Life Insurance Company Ltd. 1.43 Allotment Date & Benchmark PI Industries Ltd. 1.13 Allotment Date Can Fin Homes Ltd. 1.40 Construction Project 1.94 Regular Plan: October 25, 2000 Muthoot Finance Ltd. 0.87 Larsen & Toubro Ltd. 1.94 Direct Plan: January 1, 2013 Pharmaceuticals 7.00 Retailing 1.50 Benchmark: Nifty 500 Index - TRI  (w.e.f. April 23, 2018) Divi's Laboratories Ltd. 3.02 Avenue Supermarts Ltd. 1.50 Abbott India Ltd. 1.85 Telecom - Services 1.42 Plans Regular Plan & Direct Plan. Syngene International Ltd. 1.28 Options Both the Plans offer Growth & Half Bharti Airtel Ltd. 1.42 Yearly Dividend Option. Alkem Laboratories Ltd. 0.85 Half Yearly Dividend Option under both the Plans Transportation 1.38 Consumer Durables 5.16 offers facility of Payout, Reinvestment and Sweep. TCI Express Ltd. 1.38 Dixon Technologies (India) Ltd. 1.86 Fertilisers 1.34 Fund Manager Details Orient Electric Ltd. 1.21 Ltd. 1.34 Name: Ravi Gopalakrishnan & Siddarth Mohta Relaxo Footwears Ltd. 1.05 Other Equities* 2.14 (Associate Fund Manager) Whirlpool of India Ltd. 1.04 Managing Since: July 2019 & August 2018 Total Equity 94.91 Consumer Non Durables 4.92 Total Experience: 26 years & 16 years DERIVATIVES Hindustan Unilever Ltd. 2.88 Futures - National Stock -1.69 Ratios & Other Details (As on September 30, 2020) ITC Ltd. 1.12 Exchange of India Ltd. Standard Deviation^ (Annualised): 21.65% Jubilant Foodworks Ltd. 0.92 Treasury Bills 0.06 Beta^ : 0.97 Sharpe Ratio^ (Annualised) : -0.03 Auto Ancillaries 4.31 182 DAY T-BILL Sovereign 0.06 Portfolio Turnover Ratio**: 0.58 Balkrishna Industries Ltd. 1.49 TREPS / Reverse Repo Investments 5.06 CEAT Ltd. 1.08 TREPS 5.06 # Expense Ratio (As on September 30, 2020) Motherson Sumi Systems Ltd. 0.90 Cash & Cash Equivalents -0.03 Direct Plan - 1.66 % ` Regular Plan - 2.47 % MRF Ltd. 0.84 Net Assets 100.00

Top 10 Equity Holdings * Holding less than 0.75% For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.79% risk free rate of return (1 days - MIBOR Rate As on September 30, 2020). ** 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 (As on September 30, 2020). # Weighted Average TER for the month, includes GST on management fees.

Industry Allocation (Top 10) (As on Sep 30, 2020) (% of NAV) Performance (As on 30/09/2020) Period Principal Multi Cap Nifty 500 Index - TRI Nifty 50 - TRI  Banks 16.17% Growth Fund (Scheme’s Benchmark) (Additional Benchmark) Finance 11.43%  Returns $PTP Returns $PTP Returns $PTP  Software 10.90% (%) Returns (%) Returns (%) Returns  Petroleum Products 10.73% 1 Year (30-09-2019 to 30-09-2020) 0.45 10045.61 1.02 10101.89 -0.97 9903.08  Pharmaceuticals 7.66% 3 Years (29-09-2017 to 30-09-2020) 0.71 10216.22 3.97 11241.72 6.02 11920.86  Consumer Durables 5.16%  Consumer Non Durables 4.92% 5 Years (30-09-2015 to 30-09-2020) 8.16 14808.59 8.31 14914.51 8.53 15063.68  Auto Ancillaries 4.31% Since Inception (25-10-2000 to 30-09-2020) 14.00 136550.00 14.53 149746.15 13.52 125470.24  Chemicals 3.49% 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. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $  Cement 3.37% PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager. Market Cap Allocation (As on Sep 30, 2020) (% of NAV)

Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 15-Dec-17 4.96 41.29 1.71 47.18 16-Jun-17 10.83 47.29 8.93 50.45 23-Dec-16 2.71 39.06 3.08 41.73 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 Principal Focused Multicap Fund (An open ended equity scheme investing in maximum 30 Multi cap stocks)

Investment Objective: To provide capital appreciation and /or dividend distribution by investing in companies across market capitalization. Data As on September 30, 2020 Fund Details Portfolio

Minimum Investment Amount (`) Name % of NAV Lumpsum Special Products New Investor- ` 300 SIP- ` 100£ Banks 14.80 Existing Investor- ` 300 STP- ` 1,000 HDFC Bank Ltd. 6.93 RWP- ` 500 ICICI Bank Ltd. 4.52 £12 installments each Kotak Mahindra Bank Ltd. 2.31 State Bank of India 1.04 Asset Under Managment (` Cr) Finance 12.95  MAAUM: 395.78 Housing Development Finance Corporation Ltd. 4.51 AUM: 398.65 ` Bajaj Finance Ltd. 2.58 Bajaj Finserv Ltd. 2.02 SBI Life Insurance Company Ltd. 1.92 Load Structure Max Financial Services Ltd. 1.92 Software 9.88 Entry Load: NIL  Exit Load: 0.25% for redemptions with- Infosys Ltd. 6.02 Tata Consultancy Services Ltd. 3.86 in 7 days from the date of allotment Consumer Non Durables 9.73 [w.e.f. March 01, 2019] Nestle India Ltd. 5.21 Hindustan Unilever Ltd. 4.52 Allotment Date & Benchmark Petroleum Products 9.52 Allotment Date Reliance Industries Ltd. 9.52 Regular Plan: November 11, 2005 Chemicals 6.39 Direct Plan: January 1, 2013 Navin Fluorine International Ltd. 4.60 Benchmark: S&P BSE 250 Large Midcap Rossari Biotech Ltd. 1.79 Index - TRI Consumer Durables 5.47 Whirlpool of India Ltd. 2.17 Plans Regular Plan & Direct Plan. Relaxo Footwears Ltd. 1.83 Options Both the Plans offer Growth & Half Dixon Technologies (India) Ltd. 1.47 Yearly Dividend Option. Half Yearly Dividend Option under both the Plans Industrial Products 5.46 offers facility of Payout, Reinvestment and Sweep. AIA Engineering Ltd. 2.92 Astral Poly Technik Ltd. 2.54 Fund Manager Details Pharmaceuticals 5.39 Name: Ravi Gopalakrishnan Abbott India Ltd. 4.02 Managing Since: October 2019 Alkem Laboratories Ltd. 1.37 Total Experience: 26 years Cement 2.84 Shree Cement Ltd. 2.84 Ratios & Other Details (As on September 30, 2020) Auto 2.46 Standard Deviation^ (Annualised): 18.58% Maruti Suzuki India Ltd. 2.46 Beta^ : 0.85 Retailing 2.36 Sharpe Ratio^ (Annualised) : 0.18 Portfolio Turnover Ratio** : 0.52 Avenue Supermarts Ltd. 2.36 Auto Ancillaries 1.70 MRF Ltd. 1.70 # Expense Ratio (As on September 30, 2020) Telecom - Services 1.54 Direct Plan - 1.71 % ` Bharti Airtel Ltd. 1.54 Regular Plan - 2.58 % Telecom - Equipment & Accessories 1.17 Bharti Infratel Ltd. 1.17 For NAV details, please refer page 6 Pesticides 1.04 PI Industries Ltd. 1.04 Note: ^ The above measures have been calculated by taking rolling returns Total Equity 92.70 for a 3 year period with 3.79% risk free rate of return (1 days - MIBOR Rate As Treasury Bills 0.06 on September 30, 2020). 182 DAY T-BILL Sovereign 0.06 ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or TREPS / Reverse Repo Investments 7.71 purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevant TREPS 7.71 year/period (As on September 30, 2020). Cash & Cash Equivalents -0.47 # Weighted Average TER for the month, includes GST on management fees. Net Assets 100.00 Top 10 Equity Holdings Industry Allocation (Top 10) (As on Sep 30, 2020) (% of NAV)  Banks 14.80%  Finance 12.95%  Software 9.88%  Consumer Non Durables 9.73% Performance (As on 30/09/2020)  Petroleum Products 9.52% Period Principal Focused S&P BSE 250 Large Nifty 50 - TRI  Chemicals 6.39% Multicap Fund Midcap - TRI (Additional Benchmark) (Scheme’s Benchmark)  Consumer Durables 5.47%  Industrial Products 5.46% Returns $PTP Returns $PTP Returns $PTP (%) Returns (%) Returns (%) Returns  Pharmaceuticals 5.39% 1 Year (30-09-2019 to 30-09-2020) 4.65 10466.20 1.20 10120.14 -0.97 9903.08  Cement 2.84% 3 Years (29-09-2017 to 30-09-2020) 5.50 11745.73 4.94 11560.98 6.02 11920.86 5 Years (30-09-2015 to 30-09-2020) 8.25 14870.83 8.81 15262.05 8.53 15063.68 Since Inception (11-11-2005 to 30-09-2020) 13.66 67350.00 12.04 54416.36 11.84 52959.70 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Market Cap Allocation (As on Sep 30, 2020) (% of NAV) Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.

Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 17-Dec-19 1.38 27.36 1.51 28.24 17-Jun-19 1.90 27.32 2.31 28.47 15-Dec-17 2.11 28.09 1.72 28.46 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.

12 Principal Small Cap Fund (An open ended equity scheme predominantly investing in small cap stocks)

Investment Objective: To generate long term capital appreciation by predominantly investing in equity and equity related instruments of small cap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. Data As on September 30, 2020

Fund Details Portfolio

Minimum Investment Amount (`) Name % of NAV Name % of NAV Lumpsum Special Products Chemicals 14.96 Auto Ancillaries 4.13 £ New Investor- ` 5,000 SIP- ` 500 Alkyl Amines Chemicals Ltd. 3.00 CEAT Ltd. 2.14 Existing Investor- ` 1,000 STP- ` 1000§ Navin Fluorine International Ltd. 2.89 Balkrishna Industries Ltd. 1.09 RWP- ` 500§ Neogen Chemicals Ltd. 2.74 Subros Ltd. 0.90 £12 installments each §6 installments each Galaxy Surfactants Ltd. 2.58 Transportation 3.45 Asset Under Managment (` Cr) Fine Organic Industries Ltd. 2.39 TCI Express Ltd. 1.91 MAAUM: 205.76 Rossari Biotech Ltd. 1.36 Transport Corporation of India Ltd. 1.54 AUM: 214.35 ` Software 11.84 Auto 3.30 Persistent Systems Ltd. 3.32 Hero MotoCorp Ltd. 1.46 Load Structure Tata Elxsi Ltd. 2.31 Escorts Ltd. 0.92 Entry Load: NIL NIIT Ltd. 1.56 Maruti Suzuki India Ltd. 0.92 Exit Load:If redeemed/ switched on or before 365 days from the date of allotment: Mastek Ltd. 1.53 Pharmaceuticals 2.35 Nil for redemption/ switch out of units KPIT Technologies Ltd. 1.31 Divi's Laboratories Ltd. 1.35 upto 24% of the units allotted (the limit) Info Edge (India) Ltd. 0.98 Alkem Laboratories Ltd. 1.00 1% on redemption in excess of 24% of Cyient Ltd. 0.83 Ferrous Metals 2.17 the limit stated above- Redemption of units Consumer Durables 8.22 Tata Steel BSL Ltd. 1.21

would be done on First in First out Basis  (FIFO) Dixon Technologies (India) Ltd. 2.13 Kirloskar Ferrous Industries Ltd. 0.96 Nil thereafter. (w.e.f. March 31, 2020) Orient Electric Ltd. 1.69 Construction 2.15 Allotment Date & Benchmark Blue Star Ltd. 1.64 Cera Sanitaryware Ltd. 1.29 Allotment Date Amber Enterprises India Ltd. 1.54 PNC Infratech Ltd. 0.86 Regular Plan: May 13, 2019 VIP Industries Ltd. 1.22 Fertilisers 1.97 Direct Plan: May 13, 2019 Finance 8.03 Chambal Fertilisers and Chemicals Ltd. 1.13 Benchmark: Nifty Small Cap 100 index Can Fin Homes Ltd. 1.94 Coromandel International Ltd. 0.84 Plans Regular Plan & Direct Plan. Multi Commodity Exchange of India Ltd. 1.21 Engineering Services 1.36 Options Both the Plans offer Growth & Bajaj Finance Ltd. 1.17 Rites Ltd. 1.36 Dividend Option. The Dividend Option under both the Plans will have the facility of Payout SBI Life Insurance Company Ltd. 1.04 Petroleum Products 1.14 and Reinvestment. Max Financial Services Ltd. 0.99 Reliance Industries Ltd. 1.14 Fund Manager Details Muthoot Finance Ltd. 0.87 Textiles - Cotton 0.95 Name: Ravi Gopalakrishnan & Mahindra & Mahindra Financial Services Ltd. 0.81 Vardhman Textiles Ltd. 0.95 Mr. Siddarth Mohta Industrial Products 6.32 Construction Project 0.89 Managing Since: July 2019 & May 2019 Timken India Ltd. 2.08 Ircon International Ltd. 0.89 Total Experience: 26 years & 16 years Mold-Tek Packaging Ltd. 1.48 Consumer Non Durables 0.87 Expense Ratio# (As on September 30, 2020) Finolex Cables Ltd. 1.02 Jubilant Foodworks Ltd. 0.87 ` Direct Plan - 0.79 % Astral Poly Technik Ltd. 0.98 Textile Products 0.78 Regular Plan - 2.59 % Cosmo Films Ltd. 0.76 Siyaram Silk Mills Ltd. 0.78 Cement 4.94 Other Equities* 6.05 Birla Corporation Ltd. 1.83 Total Equity 90.32 Other Details (As on Sep 30, 2020) JK Cement Ltd. 1.68 Treasury Bills 0.05 Portfolio Turnover Ratio** : 0.98 JK Lakshmi Cement Ltd. 1.43 182 DAY T-BILL Sovereign 0.05 Pesticides 4.45 TREPS / Reverse Repo Investments 9.19 Rallis India Ltd. 2.16 TREPS 9.19 For NAV details, please refer page 6 Bayer Cropscience Ltd. 1.46 Cash & Cash Equivalents 0.44 PI Industries Ltd. 0.83 Net Assets 100.00 Note: #Weighted Average TER for the month, includes GST on management fees. Top 10 Equity Holdings Other ratios are not given as scheme has not completed 3 years. * Holding less than 0.75% ** 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 (As on September 30, 2020).

Market Cap Allocation (As on Sep 30, 2020) (% of NAV)

Performance (As on 30/09/2020) Period Nifty SmallCap Principal Small Cap Fund Nifty 50 - TRI 100 Index - Regular Plan - Growth (Additional Benchmark) (Scheme’s Benchmark) $PTP $PTP $PTP Returns (%) Returns (%) Returns (%) Returns Returns Returns 1 Year (30-09-2019 to 30-09-2020) 22.21 12227.93 5.20 10521.51 -0.97 9903.08 Industry Allocation (Top 10) (As on Sep 30, 2020) (% of NAV) Since Inception (13-05-2019 to 30-09-2020) 13.44 11910.00 -1.96 9728.70 1.99 10276.41 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth  Chemicals 16.33% option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised  Software 12.55% Basis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.  Consumer Durables 8.55% 3, 5 years performance of Principal Small Cap Fund is not given as the scheme have not been in existence for 3, 5 years.  Finance 8.11%  Industrial Products 6.32%  Cement 4.94%  Pesticides 4.45%  Auto Ancillaries 4.13%  Transportation 3.45%  Auto 3.30% 13 Principal Midcap Fund (An open ended equity scheme predominantly investing in mid cap stocks)

Investment Objective: To generate long term capital appreciation by predominantly investing in equity and equity related instruments of midcap companies. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. Data As on September 30, 2020

Fund Details Portfolio

% to Net % to Net % of % of Name Assets Name Assets NAV NAV Minimum Investment Amount (`) Derivatives Derivatives Lumpsum Special Products Pharmaceuticals 8.90 Cement 4.20 £ New Investor- ` 5,000 SIP- ` 500 IPCA Laboratories Ltd. 2.94 ACC Ltd. 1.83 ` ` § Existing Investor- 1,000 STP- 1000 Abbott India Ltd. 1.80 The Ltd. 1.56 RWP- ` 500§ Natco Pharma Ltd. 1.23 JK Cement Ltd. 0.81 £12 installments each §6 installments each Syngene International Ltd. 1.05 Auto 4.01 Asset Under Managment (` Cr) Alkem Laboratories Ltd. 0.98 Ltd. 1.81 MAAUM: 263.17 Divi's Laboratories Ltd. 0.90 TVS Motor Company Ltd. 1.32 AUM: 266.32 ` Finance 7.52 Escorts Ltd. 0.88 Max Financial Services Ltd. 2.74 Software 3.73 Mahindra & Mahindra  Load Structure 1.83 Ltd. 2.46 Financial Services Ltd. Entry Load: NIL Mphasis Ltd. 1.27 Can Fin Homes Ltd. 1.80 Exit Load: If redeemed/ switched on or Power 3.05 Muthoot Finance Ltd. 1.15 before 365 days from the date of allotment:  Ltd. 3.05 Nil for redemption/ switch out of units Consumer Durables 6.94 Textile Products 2.43 upto 24% of the units allotted (the limit) Whirlpool of India Ltd. 2.06 Page Industries Ltd. 2.43 1% on redemption in excess of 24% of Voltas Ltd. 1.66 Gas 2.24 the limit stated above- Redemption of units Relaxo Footwears Ltd. 1.13 would be done on First in First out Basis Ltd. 1.24 Amber Enterprises India Ltd. 1.11 (FIFO) Gujarat State Petronet Ltd. 1.00 Bata India Ltd. 0.98 Nil thereafter. (w.e.f. March 31, 2020) Petroleum Products 2.04 Auto Ancillaries 6.57 Reliance Industries Ltd.# 1.04 Allotment Date & Benchmark MRF Ltd. 2.42 Bharat Petroleum Corporation Ltd. 1.00 Allotment Date Balkrishna Industries Ltd. 1.81 Construction 2.02 Regular Plan: Dec 30, 2019 Exide Industries Ltd. 1.28 Direct Plan: Dec 30, 2019 Kajaria Ceramics Ltd. 2.02 CEAT Ltd. 1.06 Benchmark: NIFTY Midcap 100 Index - TRI Industrial Capital Goods 1.90 Industrial Products 6.31 Honeywell Automation India Ltd. 1.90 AIA Engineering Ltd. 2.49 Plans Regular Plan & Direct Plan. Ferrous Metals 1.68 Options Both the Plans offer Growth & Astral Poly Technik Ltd. 1.60 Tata Steel BSL Ltd. 1.68 Dividend Option. The Dividend Option under SKF India Ltd. 1.25 both the Plans will have the facility of Payout, Telecom - Services 1.40 SRF Ltd. 0.97 Reinvestment and Sweep. Bharti Airtel Ltd. 1.40 Banks 6.25 Retailing 1.23 Fund Manager Details The Ltd. 1.83 Ltd. 1.23 Name: Ravi Gopalakrishnan & Ltd. 1.76 Mr. Sudhir Kedia Construction Project 1.14 HDFC Bank Ltd. 0.93 Managing Since: Dec 2019 & Dec 2019 Larsen & Toubro Ltd. 1.14 Total Experience: 26 years & 14 years Kotak Mahindra Bank Ltd. 0.87 Other Equities* 8.41 ICICI Bank Ltd. 0.86 Total Equity 97.43 # Consumer Non Durables 6.22 Expense Ratio (As on September 30, 2020) DERIVATIVES Jubilant Foodworks Ltd. 2.67 ` Direct Plan - 0.39 % Futures - National Stock  -3.74 Regular Plan - 2.42 % Tata Consumer Products Ltd. 2.66 Exchange of India Ltd. Nestle India Ltd. 0.89 Treasury Bills 0.06 Pesticides 4.66 182 DAY T-BILL Sovereign 0.06 For NAV details, please refer page 6 PI Industries Ltd. 2.39 TREPS / Reverse Repo Investments 1.83 # Note: Weighted Average TER for the month, includes GST on management Bayer Cropscience Ltd. 2.27 TREPS 1.83 fees. Chemicals 4.58 Cash & Cash Equivalents 0.68 Portfolio Turnover Ratio not given as the scheme has not completed one year. Atul Ltd. 2.32 Net Assets 100.00 Rossari Biotech Ltd. 1.47 Other ratios are not given as scheme has not completed 3 years. Top 10 Equity Holdings Aarti Industries Ltd. 0.79 * Holding less than 0.75% # Partly Paid Right

Note: Performance of Principal Midcap Fund is not given as the scheme has not completed 1 year.

Market Cap Allocation (As on Sep 30, 2020) (% of NAV)

Industry Allocation (Top 10) (As on Sep 30, 2020) (% of NAV)  Finance 9.03%  Pharmaceuticals 8.90%  Consumer Durables 7.61%  Consumer Non Durables 7.42%  Banks 6.79%  Industrial Products 6.68%  Auto Ancillaries 6.57%  Chemicals 5.23%  Auto 4.72%  Pesticides 4.66%

14 Principal Dividend Yield Fund (An open ended equity scheme predominantly investing in dividend yielding stocks) 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.

Data As on September 30, 2020

Fund Details Portfolio

Minimum Investment Amount (`) Name % of NAV Name % of NAV Lumpsum Special Products New Investor- ` 5,000 SIP- ` 500£ Software 17.27 Cement 4.05 Existing Investor- ` 1,000 STP- ` 1,000 Tata Consultancy Services Ltd. 6.93 Ultratech Cement Ltd. 4.05 RWP- ` 500 Infosys Ltd. 6.48 Auto Ancillaries 3.36 £12 installments each Tech Mahindra Ltd. 2.22 CEAT Ltd. 1.25 HCL Technologies Ltd. 1.64 Balkrishna Industries Ltd. 1.09 Asset Under Managment (` Cr) MAAUM: 169.32 Consumer Non Durables 17.09 Exide Industries Ltd. 1.02 AUM: 167.95 ` Hindustan Unilever Ltd. 6.62 Gas 3.30 ITC Ltd. 4.15 Gujarat Gas Ltd. 3.30 Colgate Palmolive (India) Ltd. 2.38 Telecom - Services 2.25 Load Structure Bharti Airtel Ltd. 2.25 Entry Load: NIL VST Industries Ltd. 2.10 Ferrous Metals 1.93 Exit Load:If redeemed/ switched on or be- Britannia Industries Ltd. 0.95 fore 365 days from the date of allotment: Bannari Amman Sugars Ltd. 0.89 Tata Steel Ltd. 1.93 Nil for redemption/ switch out of units upto Petroleum Products 10.98 Non - Ferrous Metals 1.88 Hindustan Zinc Ltd. 1.88 24% of the units allotted (the limit) Reliance Industries Ltd. 7.68 1% on redemption in excess of 24% of the Power 1.27 Hindustan Petroleum Corporation Ltd. 2.37 limit stated above- Redemption of units would NTPC Ltd. 1.27 Ltd. 0.93 be done on First in First out Basis (FIFO) Consumer Durables 1.07  Nil thereafter (w.e.f. March 31, 2020) Banks 9.43 Sheela Foam Ltd. 1.07 ICICI Bank Ltd. 3.57 Finance 1.05 Allotment Date & Benchmark HDFC Bank Ltd. 3.46 Bajaj Finserv Ltd. 1.05 Allotment Date State Bank of India 1.27 Regular Plan: October 15, 2004 Fertilisers 1.01 Kotak Mahindra Bank Ltd. 1.13 Direct Plan: January 1, 2013 Coromandel International Ltd. 1.01 Chemicals 9.41 Benchmark: Nifty Dividend Opportunities 50 Construction Project 0.85 Navin Fluorine International Ltd. 3.88 Index - TRI Larsen & Toubro Ltd. 0.85 Aarti Industries Ltd. 2.18 Plans Regular Plan & Direct Plan. Other Equities* 1.54 Fine Organic Industries Ltd. 2.09 Options Both the Plans offer Growth & Half Total Equity 99.59 Yearly Dividend Option. Rossari Biotech Ltd. 1.26 Half Yearly Dividend Option under both the Plans Treasury Bills 0.06 Auto 7.74 offers facility of Payout, Reinvestment and Sweep. 182 DAY T-BILL Sovereign 0.06  Bajaj Auto Ltd. 3.40 TREPS / Reverse Repo Investments 0.81 Fund Manager Details Maruti Suzuki India Ltd. 1.60 TREPS 0.81 Name: Ravi Gopalakrishnan Ashok Leyland Ltd. 1.44 Cash & Cash Equivalents -0.46 Managing Since: October 2019 Mahindra & Mahindra Ltd. 1.30 Net Assets 100.00 Total Experience: 26 years Industrial Products 4.11 Ratios & Other Details (As on September 30, 2020) AIA Engineering Ltd. 2.41  Standard Deviation^ (Annualised): 18.91% SRF Ltd. 1.70 Top 10 Equity Holdings Beta^ : 1.07 * Holding less than 0.75% Sharpe Ratio^ (Annualised) : 0.11 Portfolio Turnover Ratio** : 0.16

Expense Ratio# (As on September 30, 2020) Direct Plan - 2.04 % ` Regular Plan - 2.58 %

For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.79% risk free rate of return (1 days - MIBOR Rate As on September 30, 2020). ** 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 (As on September 30, 2020). # Weighted Average TER for the month, includes GST on management fees.

Industry Allocation (Top 10) (As on Sep 30, 2020) (% of NAV) Performance (As on 30/09/2020)  Software 17.27% Period Principal Dividend Yield Nifty Dividend Nifty 50 - TRI  Consumer Non Durables 17.09% Fund Opportunities 50 - TRI (Additional Benchmark) (Scheme’s Benchmark)  Petroleum Products 11.29%  Banks 9.43% Returns $PTP Returns $PTP Returns $PTP (%) Returns (%) Returns (%) Returns Chemicals 9.41%  1 Year (30-09-2019 to 30-09-2020) 4.55 10455.94 -5.16 9482.78 -0.97 9903.08 Auto 7.74%  3 Years (29-09-2017 to 30-09-2020) 4.08 11278.27 1.92 10588.47 6.02 11920.86 Industrial Products 4.11%  5 Years (30-09-2015 to 30-09-2020) 9.67 15873.25 7.88 14618.78 8.53 15063.68 Cement 4.05%  Since Inception (15-10-2004 to 30-09-2020) 11.18 54350.00 NA NA 13.60 76599.29  Auto Ancillaries 3.36% Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.  Gas 3.30% Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager. Market Cap Allocation (As on Sep 30, 2020) (% of NAV)

Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 17-Jun-19 0.47 22.68 0.54 30.79 17-Dec-18 NA NA 0.12 30.49 15-Dec-17 3.50 26.24 NA NA 16-Jun-17 5.82 28.38 2.93 29.32 Past performance may or may not be sustained in the future. * On face value of ` 10. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. 15 Principal Tax Savings Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit) Investment Objective: To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors. The scheme aims at providing returns through capital appreciation.

Data As on September 30, 2020 Fund Details Portfolio

Minimum Investment Amount (`) % of % of Lumpsum Special Products Name Name New Investor- ` 500 SIP- ` 500 NAV NAV Existing Investor- ` 500 STP- ` 500 Banks 20.20 Torrent Power Ltd. 1.41 (Available after lock-in period) HDFC Bank Ltd. 7.75 Auto Ancillaries 2.79 RWP- ` 500 (Available after lock-in period) ICICI Bank Ltd. 6.14 MRF Ltd. 1.99 6 installments each Kotak Mahindra Bank Ltd. 3.04 Exide Industries Ltd. 0.80 Asset Under Managment (` Cr) State Bank of India 1.75 Chemicals 2.41 MAAUM: 400.87 Axis Bank Ltd. 1.52 Rossari Biotech Ltd. 1.56 AUM: 397.76 ` Software 11.41 Atul Ltd. 0.85 Infosys Ltd. 4.94 Telecom - Services 2.24  Load Structure Tata Consultancy Services Ltd. 3.99 Bharti Airtel Ltd. 2.24 Entry Load: NIL MindTree Ltd. 1.31 Auto 2.14 Exit Load: NIL Tech Mahindra Ltd. 1.17 Maruti Suzuki India Ltd. 1.13 Mahindra & Mahindra Ltd. 1.01 Allotment Date & Benchmark Consumer Non Durables 10.03 Industrial Products 1.83 Allotment Date Hindustan Unilever Ltd. 2.50 Regular Plan: March 31, 1996 AIA Engineering Ltd. 0.92 Nestle India Ltd. 2.27 Direct Plan: January 1, 2013 Astral Poly Technik Ltd. 0.91 Benchmark: Nifty 500 Index - TRI ITC Ltd. 2.11 Construction 1.60 United Spirits Ltd. 2.09 Plans Regular Plan & Direct Plan. Kajaria Ceramics Ltd. 1.60 Options Both the Plans offer Growth & Half Tata Consumer Products Ltd. 1.06 Textile Products 1.32 Yearly Dividend Option. Petroleum Products 8.81 (W.e.f. September 11, 2017) Page Industries Ltd. 1.32 Reliance Industries Ltd.# 6.45 Consumer Durables 1.19 Hindustan Petroleum Corporation Ltd. 1.36 Fund Manager Details Whirlpool of India Ltd. 1.19 Bharat Petroleum Corporation Ltd. 1.00 Name: Sudhir Kedia Ferrous Metals 1.04 Managing Since: October 2019 Pharmaceuticals 7.91 Total Experience: 14 years Tata Steel BSL Ltd. 1.04 Divi's Laboratories Ltd. 2.20 Pesticides 1.01 Ratios & Other Details (As on September 30, 2020) Sun Pharmaceutical Industries Ltd. 1.77 Standard Deviation^ (Annualised): 21.80% Bayer Cropscience Ltd. 1.01 Cipla Ltd. 1.55 Beta^ : 0.98 Other Equities* 11.57 Sharpe Ratio^ (Annualised) : -0.04 Abbott India Ltd. 1.27 Portfolio Turnover Ratio** : 1.13 Total Equity 98.17 IPCA Laboratories Ltd. 1.12 Treasury Bills 0.06 Finance 4.40 Expense Ratio# (As on September 30, 2020) 182 DAY T-BILL Sovereign 0.06 Direct Plan - 2.04 % ` Housing Development Finance Corporation Ltd. 2.06 TREPS / Reverse Repo Investments 3.19 Regular Plan - 2.56 % Max Financial Services Ltd. 1.53 TREPS 3.19 HDFC Asset Management Company Ltd. 0.81 Cash & Cash Equivalents -1.42 For NAV details, please refer page 6 Construction Project 3.27 Net Assets 100.00 Note: ^ The above measures have been calculated by taking rolling returns Larsen & Toubro Ltd. 3.27 for a 3 year period with 3.79% risk free rate of return (1 days - MIBOR Rate As  on September 30, 2020). Power 3.00 Top 10 Equity Holdings * Holding less than 0.75% ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or NTPC Ltd. 1.59 # Partly Paid Right shares 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 September 30, 2020). # Weighted Average TER for the month, includes GST on management fees.

Industry Allocation (Top 10) (As on Sep 30, 2020) (% of NAV)  Banks 20.20%  Software 12.05% Performance (As on 30/09/2020) Consumer Non Durables 10.47%  Period Principal Tax Savings Nifty 500 - TRI* Nifty 50 - TRI**  Petroleum Products 8.81% Fund (Scheme’s Benchmark) (Additional Benchmark)  Pharmaceuticals 8.09% Returns $PTP Returns $PTP Returns $PTP  Finance 5.45% (%) Returns (%) Returns (%) Returns  Auto Ancillaries 3.72% 1 Year (30-09-2019 to 30-09-2020) 0.60 10060.53 1.02 10101.89 -0.97 9903.08  Construction Project 3.27% 3 Years (29-09-2017 to 30-09-2020) 0.48 10145.47 3.97 11241.72 6.02 11920.86  Power 3.00% 5 Years (30-09-2015 to 30-09-2020) 7.96 14669.41 8.31 14914.51 8.53 15063.68  Industrial Products 2.82% Since Inception (31-03-1996 to 30-09-2020) 14.89 300884.86 12.68 186808.19 11.76 152711.18 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. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Market Cap Allocation (As on Sep 30, 2020) (% of NAV) Please refer page 33 for annexure of returns for all scheme managed by the fund manager. *As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 500 Index PRI values from date 31-03-1996 to 26-11-1998 and TRI values since 26-11-1998. **As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 Index PRI values from date 31-03-1996 to 30-06-1999 and TRI values since 30-06-1999.

Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 31-Mar-08 8.00 90.12 NA NA 15-Jan-07 5.00 83.66 NA NA Past performance may or may not be sustained in the future. * On face value of ` 10. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. 16 Principal Personal Tax Saver Fund^ (An open ended equity linked saving scheme)

Investment Objective: To provide long term growth of capital. The Investment Manager will aim to achieve a return on assets in excess of the performance of S&P BSE 100 INDEX Data As on September 30, 2020 Fund Details Portfolio

Name % of NAV Name % of NAV Minimum Investment Amount (`) Torrent Power Ltd. 1.41 Lumpsum Special Products Banks 20.59 New Investor- ` 500 SIP- ` 500 HDFC Bank Ltd. 7.83 Auto Ancillaries 2.84 Existing Investor- ` 500 STP- ` 500 ICICI Bank Ltd. 6.22 MRF Ltd. 1.99 (Available after lock-in period) Kotak Mahindra Bank Ltd. 3.08 Exide Industries Ltd. 0.85 RWP- ` 500 Chemicals 2.43 (Available after lock-in period) State Bank of India 1.88 6 installments each Axis Bank Ltd. 1.58 Rossari Biotech Ltd. 1.57 Software 11.62 Atul Ltd. 0.86 Asset Under Managment (` Cr) Infosys Ltd. 5.09 Telecom - Services 2.27 MAAUM: 237.23 Bharti Airtel Ltd. 2.27 AUM: 235.08 ` Tata Consultancy Services Ltd. 4.02 Auto 2.16 MindTree Ltd. 1.32 Maruti Suzuki India Ltd. 1.13 Tech Mahindra Ltd. 1.19 Mahindra & Mahindra Ltd. 1.03 Load Structure Consumer Non Durables 10.16 Industrial Products 1.85 Entry Load: NIL Hindustan Unilever Ltd. 2.53 Exit Load: NIL AIA Engineering Ltd. 0.93 Nestle India Ltd. 2.28 Astral Poly Technik Ltd. 0.92 ITC Ltd. 2.15 Allotment Date & Benchmark Construction 1.67 Allotment Date United Spirits Ltd. 2.12 Kajaria Ceramics Ltd. 1.67 Regular Plan: March 31, 1996 Tata Consumer Products Ltd. 1.08 Direct Plan: January 1, 2013 Textile Products 1.35 Petroleum Products 8.95 Benchmark: Nifty 500 Index - TRI Page Industries Ltd. 1.35 Reliance Industries Ltd.# 6.55 Consumer Durables 1.26 Hindustan Petroleum Corporation Ltd. 1.41 Plans Regular Plan & Direct Plan. Whirlpool of India Ltd. 1.26 Both the Plan do not have any Bharat Petroleum Corporation Ltd. 0.99 Options Ferrous Metals 1.04 options at present. Pharmaceuticals 8.06 Tata Steel BSL Ltd. 1.04 Divi's Laboratories Ltd. 2.24 Pesticides 0.86 Fund Manager Details Sun Pharmaceutical Industries Ltd. 1.80 Bayer Cropscience Ltd. 0.86 Name: Sudhir Kedia Cipla Ltd. 1.56 Managing Since: October 2019 Other Equities* 11.65 Total Experience: 14 years Abbott India Ltd. 1.32 Total Equity 99.72 IPCA Laboratories Ltd. 1.14 Treasury Bills 0.06 Ratios & Other Details (As on September 30, 2020) Finance 4.46 182 DAY T-BILL Sovereign 0.06 Standard Deviation^ (Annualised): 22.04% Housing Development 2.08 TREPS / Reverse Repo Investments 1.70 Beta^ : 1.00 Finance Corporation Ltd. Sharpe Ratio^ (Annualised) : -0.07 TREPS 1.70 Portfolio Turnover Ratio** : 1.12 Max Financial Services Ltd. 1.57 Cash & Cash Equivalents -1.48 HDFC Asset Management Company Ltd. 0.81 Net Assets 100.00 Expense Ratio# (As on September 30, 2020) Construction Project 3.44 Direct Plan - 2.13 % ` Larsen & Toubro Ltd. 3.44 Regular Plan - 2.54 % Top 10 Equity Holdings Power 3.06 * Holding less than 0.75% NTPC Ltd. 1.65 # Partly Paid Right shares For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.79% risk free rate of return (1 days - MIBOR Rate As on September 30, 2020). ** 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 (As on September 30, 2020). # Weighted Average TER for the month, includes GST on management fees.

Performance (As on 30/09/2020) Industry Allocation (Top 10) (As on Sep 30, 2020) (% of NAV) Period Principal Personal Tax Nifty 500 - TRI* Nifty 50 - TRI**  Banks 20.59% Saver Fund (Scheme’s Benchmark) (Additional Benchmark)  Software 12.26% Returns $PTP Returns $PTP Returns $PTP  Consumer Non Durables 10.61% (%) Returns (%) Returns (%) Returns 1 Year (30-09-2019 to 30-09-2020) 0.15 10015.10 1.02 10101.89 -0.97 9903.08  Petroleum Products 8.95% 3 Years (29-09-2017 to 30-09-2020) -0.19 9943.79 3.97 11241.72 6.02 11920.86  Pharmaceuticals 8.27% 5 Years (30-09-2015 to 30-09-2020) 4.45 12432.40 8.31 14914.51 8.53 15063.68  Finance 5.52% Since Inception (31-03-1996 to 30-09-2020) 17.76 550222.26 12.68 186808.19 11.76 152711.18  Auto Ancillaries 3.68% Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.  Construction Project 3.44% Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $  Power 3.06% PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.  Industrial Products 2.86% *As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 500 Index PRI values from date 31-03-1996 to 26-11-1998 and TRI values since 26-11-1998. **As TRI data is not available since inception of the scheme, additional benchmark performance is calculated using composite CAGR of Nifty 50 Index PRI values from date 31-03-1996 to 30-06-1999 and TRI values since 30-06-1999. Market Cap Allocation (As on Sep 30, 2020) (% of NAV)

Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 25-Mar-08 40.00 124.66 NA NA 26-Feb-08 20.00 172.57 NA NA 31-Dec-07 11.00 221.26 NA NA Past performance may or may not be sustained in the future. * On face value of ` 10. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. ^Fresh sale of units i.e. by way of purchase/ Switch-ins and registration of fresh SIP arrangement under the Scheme is suspended till further notice. 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. 17 Principal Hybrid Equity Fund (Erstwhile Principal Balanced Fund) (An open ended hybrid scheme investing predominantly in equity and equity related instruments) Investment Objective: The Investment objective of the Scheme is to provide long-term appreciation and current income by investing in a portfolio of equity, equity related securities and fixed income securities. Data As on September 30, 2020 Fund Details Portfolio

Minimum Investment Amount (`) % to Net % to Net Lumpsum Special Products Rating / % to Net Assets Rating / % to Net Assets Name Industry Assets Deriva- Name Industry Assets Deriva- New Investor- ` 300 SIP- ` 100£ tives tives Existing Investor- ` 300 STP- ` 1,000 Banks 14.08 Industrial Products 1.05 RWP- ` 500 HDFC Bank Ltd. 6.52 Astral Poly Technik Ltd. 1.05 £ 12 installments each ICICI Bank Ltd. 3.49 Retailing 0.97 Kotak Mahindra Bank Ltd. 1.90 Avenue Supermarts Ltd. 0.97 Asset Under Managment (` Cr) Axis Bank Ltd. 1.13 MAAUM: 1,086.20 Chemicals 0.96 AUM: 1,065.03 ` State Bank of India 1.04 Rossari Biotech Ltd. 0.96 Software 10.66 Power 0.76 Load Structure Infosys Ltd. 5.86 NTPC Ltd. 0.76 Entry Load: NIL Tata Consultancy Services Ltd. 2.80 Other Equities* 11.09 Exit Load: If redeemed/ switched on or HCL Technologies Ltd. 1.22 Total Equity 74.53 before 1 year from the date of allotment: - Nil for redemption/ switch out of units upto Tech Mahindra Ltd. 0.78 DERIVATIVES Futures - National Stock 24% of the units allotted (the limit) - 1% on Petroleum Products 7.63 -0.74 Exchange of India Ltd redemption in excess of 24% of the limit Reliance Industries Ltd. 7.63 BONDS & NCD 8.09 stated above- Redemption of units would Finance 6.93 be done on First in First out Basis (FIFO) Nil Housing Development Housing Development CRISIL AAA 2.23 thereafter 2.69 Finance Corporation Ltd Finance Corporation Ltd. The Ramco Cements Ltd [ICRA]AA+ 1.25 Allotment Date & Benchmark SBI Life Insurance Company Ltd. 1.27 Allotment Date REC Ltd CRISIL AAA 1.22 Max Financial Services Ltd. 1.12 Regular Plan: January 14, 2000 Larsen & Toubro Ltd CRISIL AAA 1.00 Bajaj Finance Ltd. 1.08 Direct Plan: January 1, 2013 National Bank for Benchmark: CRISIL Hybrid 35+65 - Aggressive Index Bajaj Finserv Ltd. 0.77 Agriculture and Rural [ICRA]AAA 0.84 Consumer Non Durables 4.14 Development Plans Regular Plan & Direct Plan. Options Both the Plans offer Growth & Monthly Hindustan Unilever Ltd. 2.85 ICICI Bank Ltd [ICRA]AAA 0.49 Dividend Option. Monthly Dividend Option ITC Ltd. 1.29 Ultratech Cement Ltd CRISIL AAA 0.48 under both the Plan offers facility of Payout, LIC Housing Finance Ltd CRISIL AAA 0.39 Reinvestment and Sweep. Auto Ancillaries 3.59 Balkrishna Industries Ltd. 1.05 National Housing Bank CRISIL AAA 0.19 Fund Manager Details MRF Ltd. 0.89 Sovereign 9.62 Name: Ravi Gopalakrishnan (For Equity CEAT Ltd. 0.83 5.22% Government of India Sovereign 2.23 Portion), Ashish Aggrawal (Associate Fund Motherson Sumi Systems Ltd. 0.82 7.68% Government of India Sovereign 1.42 Manager) & Bekxy Kuriakose (For Debt Portion) Pharmaceuticals 3.52 6.18% Government of India Sovereign 1.40 Managing Since: July 2019, Oct 2019 & Mar 2016 Divi's Laboratories Ltd. 1.61 7.27% Government of India Sovereign 1.31 Total Experience: 26 years, 16 years & 20 years Sun Pharmaceutical Industries Ltd. 1.08 6.84% Government of India Sovereign 1.13 Month End Quants of the Debt Portfolio IPCA Laboratories Ltd. 0.83 5.77% Government of India Sovereign 0.83 (As on September 30, 2020) Cement 2.43 7.32% Government of India Sovereign 0.80 Average Maturity: 2.80 years Ultratech Cement Ltd. 1.67 7.17% Government of India Sovereign 0.50 Modified Duration:2.32 years State Government Securities 0.92 Gross Yield to Maturity: 4.82% Shree Cement Ltd. 0.76 8.90% State Government Auto 2.42 Sovereign 0.51 of Maharashtra (As on September 30, 2020) Ratios & Other Details Maruti Suzuki India Ltd. 1.23 8.25% State Government 15.21% Sovereign 0.41 Standard Deviation^ (Annualised): Hero MotoCorp Ltd. 1.19 of Maharashtra Beta^ : 1.06 Sharpe Ratio^ (Annualised) : -0.01 Construction Project 1.59 Commercial Paper 0.56 Portfolio Turnover Ratio** : 1.38 Larsen & Toubro Ltd. 1.59 ICICI Securities Ltd. CRISIL A1+ 0.56 Equity : 0.43 TREPS / Reverse Telecom - Services 1.58 5.87 Debt : 0.95 Repo Investments Bharti Airtel Ltd. 1.58 TREPS 5.87 Consumer Durables 1.13 Cash & Cash Equivalents 0.41 # Dixon Technologies (India) Ltd. 1.13 Expense Ratio (As on September 30, 2020) ` Net Assets 100.00 Direct Plan - 1.01 % Top 10 Equity Holdings Regular Plan - 2.22 % * Holding less than 0.75%

For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.79% risk free rate of return (1 days - MIBOR Rate As on September 30, 2020). ** 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 (As on September 30, 2020). # Weighted Average TER for the month, includes GST on management fees. Performance (As on 30/09/2020) Period CRISIL Hybrid 35+65 - Principal Hybrid Equity Nifty 50 - TRI Aggressive Index* Fund (Additional Benchmark) (Scheme’s Benchmark) $PTP $PTP $PTP Returns (%) Returns (%) Returns (%) Market Cap Allocation (As on Sep 30, 2020) (% of NAV) Returns Returns Returns Equity & Equity Related Instruments of Large Cap Co. 61.14 1 Year (30-09-2019 to 30-09-2020) 2.24 10225.01 6.16 10618.04 -0.97 9903.08 Equity & Equity Related Instruments of Mid Cap Co. 9.67 3 Years (29-09-2017 to 30-09-2020) 2.55 10787.49 6.91 12225.30 6.02 11920.86 Equity & Equity Related Instruments of Small Cap Co. 2.70 5 Years (30-09-2015 to 30-09-2020) 8.80 15254.27 9.31 15617.39 8.53 15063.68 Others 1.02 Since Inception (14-01-2000 to 30-09-2020) 10.27 75890.00 NA NA 11.33 92494.37 Debt 19.19 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Cash & Other Assets 6.28 Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager. * The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200

Industry Allocation (Top 10) (As on Sep 30, 2020) (% of NAV)  Banks 14.08% Dividend Update  Software 11.91% Date  Petroleum Products 8.14% Regular Plan Direct Plan  Finance 7.73% Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV  Consumer Non Durables 6.09% 17-Sep-20 0.1630 21.8000 NA NA  Pharmaceuticals 4.14% 17-Aug-20 0.1641 21.5300 NA NA  Auto Ancillaries 3.59% 17-Jul-20 0.1590 21.1000 NA NA  Cement 2.43% 17-Jun-20 0.1776 19.7800 NA NA  Auto 2.42% 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  Chemicals 2.35% to the extent of payout and statutory levy, if applicable. The scheme features of Principal Balanced Fund has changed w.e.f June 11, 2018 19 Principal Balanced Advantage Fund (Erstwhile Principal SMART Equity Fund) (An Open-ended dynamic asset allocation fund) Investment Objective: The primary objective of the scheme is to seek to generate long term capital appreciation with relatively lower volatility through systematic allocation of funds into equity; and in debt /money market instruments for defensive purposes. The Scheme will decide on allocation of funds into equity assets based on equity market Price Earnings Ratio (PE Ratio) levels. When the markets become expensive in terms of ‘Price to Earnings’ Ratio; the Scheme will reduce its allocation to equities and move assets into cash future arbitrage/ equity derivatives, debt and/or money market instruments and vice versa. Data As on September 30, 2020 Fund Details Portfolio

% to Net % to Net Minimum Investment Amount (`) Rating / % to Net Assets Rating / % to Net Assets Lumpsum Special Products Name Industry Assets Deriva- Name Industry Assets Deriva- tives tives New Investor- ` 5,000 SIP- ` 500£ Existing Investor- ` 1,000 STP- ` 1,000 Banks 13.46 -10.75 Chemicals 0.98 RWP- ` 500 ICICI Bank Ltd. 4.11 -4.11 Rossari Biotech Ltd. 0.98 £12 installments each State Bank of India 3.10 -2.81 Construction Project 0.96 -0.49 Axis Bank Ltd. 2.78 -2.50 Larsen & Toubro Ltd. 0.96 -0.49 ` Asset Under Managment ( Cr) HDFC Bank Ltd. 2.14 Non - Ferrous Metals 0.69 -0.69 MAAUM: 143.49 IndusInd Bank Ltd. 1.33 -1.33 Hindalco Industries Ltd. 0.69 -0.69 AUM: 142.11 ` Software 11.00 -8.40 Media & Entertainment 0.31 -0.31 Infosys Ltd. 4.24 -2.78 Zee Entertainment Enterprises Ltd. 0.31 -0.31 Load Structure Entry Load: NIL Tata Consultancy Services Ltd. 3.30 -2.14 Construction 0.28 -0.28 Exit Load: 0.25% for redemptions within Tech Mahindra Ltd. 2.13 -2.14 DLF Ltd. 0.28 -0.28 7 days from the date of allotment. Wipro Ltd. 1.33 -1.34 Other Equities* 11.09 [w.e.f. March 01, 2019] Petroleum Products 6.47 -4.40 Total Equity 66.11 -41.80 Allotment Date & Benchmark Reliance Industries Ltd. 5.33 -3.48 BONDS & NCD 5.79 Allotment Date Indian Railway Finance Hindustan Petroleum Corporation Ltd. 1.14 -0.92 CRISIL AAA 1.48 Regular Plan: December 16, 2010 Corporation Ltd Pharmaceuticals 6.25 -5.53 Direct Plan: January 1, 2013 National Bank for Divi's Laboratories Ltd. 2.62 -1.89 Benchmark: 50% Nifty 100 - TRI + 35% CRISIL Short Agriculture and Rural CRISIL AAA 1.44 Term Bond Index + 15% Nifty Arbitrage Index Dr. Reddy's Laboratories Ltd. 2.36 -2.37 Development Housing Development Cipla Ltd. 1.27 -1.27 CRISIL AAA 1.41 Plans Regular Plan & Direct Plan. Finance Corporation Ltd Options Both the Plans offer Growth & Monthly Auto 4.45 -3.62 NTPC Ltd CRISIL AAA 0.76 Tata Motors Ltd. 2.18 -2.19 Dividend Option. Monthly Dividend Option Indian Oil Corporation Ltd CRISIL AAA 0.70 under both the Plans offers facility of Payout, Maruti Suzuki India Ltd. 1.23 -0.66 Reinvestment and Sweep. Sovereign 3.24 Hero MotoCorp Ltd. 0.53 -0.53 6.84% Government of India Sovereign 1.10 Fund Manager Details Mahindra & Mahindra Ltd. 0.51 -0.24 7.68% Government of India Sovereign 0.76 Name: Ravi Gopalakrishnan (for Equity Finance 2.72 -1.65 5.22% Government of India Sovereign 0.69 Portion) & Bekxy Kuriakose (For Debt Portion) Housing Development 2.32 -1.54 5.77% Government of India Sovereign 0.69 Managing Since: July 2019 & January 2018 Finance Corporation Ltd. Total Experience: 26 years & 20 years Max Financial Services Ltd. 0.40 -0.11 State Government Securities 2.55 6.10% State Government Telecom - Services 2.37 -1.76 Sovereign 1.79 Month End Quants of the Debt Portfolio of Karnataka  Bharti Airtel Ltd. 2.37 -1.76 8.25% State Government (As on September 30, 2020) Sovereign 0.76 Average Maturity: 1.57 years Cement 2.34 -2.29 of Maharashtra Modified Duration:1.34 years Grasim Industries Ltd. 1.44 -1.44 Treasury Bills 0.40 Gross Yield to Maturity: 4.63% Ultratech Cement Ltd. 0.56 -0.51 182 DAY T-BILL Sovereign 0.40 TREPS / Reverse Repo Ratios & Other Details (As on September 30, 2020) ACC Ltd. 0.34 -0.34 Investments / Term 8.63 Standard Deviation^ (Annualised): 7.56% Consumer Non Durables 1.69 -1.63 Deposits Placed as Margins Beta^ : 0.68 Hindustan Unilever Ltd. 1.47 -1.44 Cash & Cash Equivalents 13.28 Sharpe Ratio^ (Annualised) : 0.03 ITC Ltd. 0.22 -0.19 Net Assets 100.00 Portfolio Turnover Ratio** : 5.79 Auto Ancillaries 1.05 Equity : 0.87 Top 10 Equity Holdings CEAT Ltd. 1.05 Debt : 0.51 * Holding less than 0.75% Derivatives : 4.41 NET EQUITY : 24.31 Expense Ratio# (As on September 30, 2020) Direct Plan - 1.06 % ` Regular Plan - 2.45 %

For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.79% risk free rate of return (1 days - MIBOR Rate As on September 30, 2020). ** 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 (As on September 30, 2020). # Weighted Average TER for the month, includes GST on management fees. Performance (As on 30/09/2020) Industry Allocation of Equity Instruments (Top 10) Period Principal Balanced 50% Nifty 100 TRI + Nifty 50 - TRI (As on September 30, 2020) (% of NAV) Advantage Fund 35% CRISIL Short Term (Additional Benchmark) Bond Index + 15% Nifty  Banks 14.20% Arbitrage Index  Software 11.00% (Scheme’s Benchmark)  Pharmaceuticals 7.40% Returns $PTP Returns $PTP Returns $PTP  Petroleum Products 6.47% (%) Returns (%) Returns (%) Returns  Finance 4.54% 1 Year (30-09-2019 to 30-09-2020) 5.42 10543.05 4.47 10448.37 -0.97 9903.08  Auto 4.45% 3 Years (29-09-2017 to 30-09-2020) 3.77 11177.39 6.74 12166.30 6.02 11920.86  Cement 2.95% 5 Years (30-09-2015 to 30-09-2020) 5.36 12989.75 8.35 14940.79 8.53 15063.68  Telecom - Services 2.37% Since Inception (16-12-2010 to 30-09-2020) 8.15 21550.00 8.61 22456.58 8.04 21332.31 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past  Consumer Non Durables 1.96% performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period.  Auto Ancillaries 1.96% Please refer page 33 for annexure of returns for all scheme managed by the fund manager. Market Cap Allocation (As on Sep 30, 2020) (% of NAV) Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 17-Sep-20 0.0661 13.3000 0.0750 15.1100 17-Aug-20 0.0661 13.1900 0.0750 14.9700 17-Jul-20 0.0653 13.0900 0.0740 14.8500 17-Jun-20 0.0771 12.6000 0.0873 14.2700 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. The scheme features of Principal SMART Equity Fund has changed w.e.f June 4, 2018 20 Principal Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt)

Investment Objective: To provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be realized or that income will be generated and the scheme does not assure or guarantee any returns.

Data As on September 30, 2020 Fund Details Portfolio

% to Net % to Net Minimum Investment Amount (`) Rating / % of Assets Rating / % of Assets Name Name Lumpsum Special Products Industry NAV Deriva- Industry NAV Deriva- tives New Investor- ` 5,000 SIP- ` 500£ tives Finance 14.18 -5.03 Pharmaceuticals 1.85 Existing Investor- ` 1,000 STP- ` 1,000 Housing Development 6.09 -5.03 IPCA Laboratories Ltd. 1.06 RWP- ` 500 Finance Corporation Ltd. £ 12 installments each UTI Asset Management Co Ltd 4.34 Divi's Laboratories Ltd. 0.79 Consumer Durables 1.77 Asset Under Managment (` Cr) HDFC Asset Management Company Ltd. 2.03 Amber Enterprises India Ltd. 1.77 MAAUM: 45.01 Max Financial Services Ltd. 1.72 AUM: 43.78 ` Banks 10.53 -2.96 Telecom - Services 1.65 ICICI Bank Ltd. 3.88 -1.68 Bharti Airtel Ltd. 1.65 HDFC Bank Ltd. 3.36 Construction Project 1.11 Load Structure Kotak Mahindra Bank Ltd. 1.16 Larsen & Toubro Ltd. 1.11 Entry Load: NIL Gas 0.98 Exit Load: Nil (w.e.f August 02, 2017) State Bank of India 0.84 -0.38 IndusInd Bank Ltd. 0.77 -0.78 Gujarat Gas Ltd. 0.98 Ferrous Metals 0.95 Allotment Date & Benchmark Axis Bank Ltd. 0.52 -0.12 Allotment Date Consumer Non Durables 9.89 -3.10 Tata Steel BSL Ltd. 0.95 Regular Plan: May 23, 2002  Non - Ferrous Metals 0.17 -0.17 Direct Plan: January 1, 2013 ITC Ltd. 3.09 -1.77 Benchmark: Nifty Equity Savings Index United Spirits Ltd. 2.65 -1.33 Hindalco Industries Ltd. 0.17 -0.17 Nestle India Ltd. 1.86 Total Equity 67.87 -18.50 Hindustan Unilever Ltd. 1.36 DERIVATIVES Plans Regular Plan & Direct Plan. Futures - National Stock -3.86 Options Both the Plans offer Growth & Half yearly VST Industries Ltd. 0.93 Exchange of India Ltd. and Quarterly Dividend Option. Auto 6.55 -4.81 BONDS & NCD 9.56

 Housing Development Maruti Suzuki India Ltd. 5.28 -4.81 CRISIL AAA 2.35 Finance Corporation Ltd Fund Manager Details Ashok Leyland Ltd. 1.27 Ultratech Cement Ltd CRISIL AAA 2.35 Name: Sudhir Kedia (For Equity Portion) & Petroleum Products 4.41 -2.29 Indian Railway Finance CRISIL AAA 1.25 Gurvinder Singh Wasan (For Debt Portion) Reliance Industries Ltd. 4.19 -2.07 Corporation Ltd Managing Since: October 2019 & May 2019 NTPC Ltd CRISIL AAA 1.24 Hindustan Petroleum Corporation Ltd. 0.22 -0.22 Total Experience: 14 years & 16 years REC Ltd CRISIL AAA 1.19 Auto Ancillaries 4.00 -0.14 National Bank for Agriculture [ICRA]AAA 1.18 Month End Quants of the Debt Portfolio CEAT Ltd. 2.16 and Rural Development (As on September 30, 2020) MRF Ltd. 1.70 Sovereign 1.23 Average Maturity: 1.21 years 7.27% Government of India Sovereign 1.23 Modified Duration:1.06 years Exide Industries Ltd. 0.14 -0.14 Gross Yield to Maturity: 4.79% Other Equities* 3.95 Treasury Bills 0.43 Portfolio Turnover Ratio** : 5.40 Software 3.03 91 DAY T-BILL Sovereign 0.34

Equity : 1.18 182 DAY T-BILL Sovereign 0.09 Debt : 0.21 Infosys Ltd. 1.59 TREPS / Reverse Repo Derivatives : 4.01 Tata Consultancy Services Ltd. 1.44 Investments / Term 14.96 Chemicals 2.85 Deposits Placed as Margins Expense Ratio# (As on September 30, 2020) Rossari Biotech Ltd. 1.80 Cash & Cash Equivalents 5.95 Direct Plan - 1.16 % ` Atul Ltd. 1.05 Net Assets 100.00 Regular Plan - 2.56 %

NET EQUITY : 49.37 Top 10 Equity Holdings For NAV details, please refer page 6 *Holding less than 0.75% Note: ** 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 (As on September 30, 2020). # Weighted Average TER for the month, includes GST on management fees.

Industry Allocation (Top 10) (As on Sep 30, 2020) (% of NAV) Performance (As on 30/09/2020) Period Nifty Equity  Finance 14.69% Principal Equity Savings CRISIL 10 Year Gilt Index Savings Index Fund (Additional Benchmark)  Banks 10.53% (Scheme’s Benchmark) Consumer Non $PTP $PTP $PTP  9.89% Returns (%) Returns (%) Returns (%) Durables Returns Returns Returns  Auto 7.25% 1 Year (30-09-2019 to 30-09-2020) 5.99 10600.21 5.29 10530.42 8.25 10827.29  Petroleum Products 4.41% 3 Years (29-09-2017 to 30-09-2020) 4.55 11430.36 6.90 12220.02 6.72 12158.66  Auto Ancillaries 4.00% 5 Years (30-09-2015 to 30-09-2020) 5.93 13342.37 7.77 14543.88 7.60 14430.68  Software 3.60% Since Inception (23-05-2002 to 30-09-2020) 7.60 38398.00 NA NA 6.95 34339.92 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.  Chemicals 2.85% Past performance may or may not be sustained in future. Returns (in ) are calculated on Compounded Annualised Basis (CAGR). $ Pharmaceuticals 2.49% PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period.  Please refer page 33 for annexure of returns for all scheme managed by the fund manager.  Consumer Durables 1.77%

Dividend Update Market Cap Allocation (As on Sep 30, 2020) (% of NAV) Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV Quarterly Dividend (Last 3 Quarters) 17-Sep-20 0.2966 13.1673 0.3759 16.6917 17-Dec-19 0.1746 12.7363 0.0535 15.8473 17-Sep-19 NA NA 0.1549 15.4094 Half Yearly Dividend 17-Dec-19 0.1600 12.0846 0.2300 11.9707 17-Jun-19 0.5100 12.3253 0.6700 12.3010 15-Jun-18 0.1400 12.0293 0.2100 11.9094 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. 21 Principal Arbitrage Fund (An open ended scheme investing in arbitrage opportunities)

Investment Objective: To generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.There is no assurance or guarantee that the investment objective of the Scheme will be realized.

Data As on September 30, 2020 Fund Details Portfolio

Minimum Investment Amount (`) % to Net Rating / % of Lumpsum Special Products Name Assets £ Industry NAV New Investor- ` 5,000 SIP- ` 500 Derivatives Existing Investor- ` 1,000 STP- ` 1,000 Pharmaceuticals 13.44 -13.51 ` RWP- 500 Dr. Reddy's Laboratories Ltd. 9.58 -9.63 £12 installments each Sun Pharmaceutical Industries Ltd. 2.59 -2.60 Asset Under Managment (` Cr) Aurobindo Pharma Ltd. 1.27 -1.28 MAAUM: 8.19 Banks 10.90 -10.94 AUM: 8.12 ` State Bank of India 4.79 -4.81 ICICI Bank Ltd. 3.60 -3.61 Load Structure Entry Load: NIL Axis Bank Ltd. 2.51 -2.52 Exit Load: 0.50% - If redeemed on or before Petroleum Products 8.34 -8.36 30 days from the date of allotment. NIL - If Reliance Industries Ltd. 8.34 -8.36 redeemed after 30 days from the date of Telecom - Services 6.72 -6.75 allotment. Bharti Airtel Ltd. 6.72 -6.75 Allotment Date & Benchmark Allotment Date Software 5.96 -5.93 Regular Plan: April 21, 2016 Infosys Ltd. 5.96 -5.93 Direct Plan: April 21, 2016 Construction Project 4.88 -4.90 Benchmark: Nifty 50 Arbitrage Index Larsen & Toubro Ltd. 4.88 -4.90 Plans Regular Plan & Direct Plan. Auto 4.68 -4.70 Options Both the Plans offer Monthly* Dividend & Growth Option. Monthly* Dividend Option Tata Motors Ltd. 4.68 -4.70 under both the Plan offers facility of Payout, Media & Entertainment 3.86 -3.88 Reinvestment and Sweep. Zee Entertainment Enterprises Ltd. 3.86 -3.88 Fund Manager Details Ferrous Metals 3.69 -3.70 Name: Rajat Jain JSW Steel Ltd. 3.69 -3.70 Managing Since: April 2016 Cement 2.61 -2.62 Total Experience: 31 years Grasim Industries Ltd. 2.61 -2.62 Finance 1.29 -1.29 Other Details (As on September 30, 2020) Portfolio Turnover Ratio** : 9.61 Housing Development Finance Corporation Ltd. 1.29 -1.29 Equity : 1.45 Construction 1.24 -1.25 Debt : 0.01 DLF Ltd. 1.24 -1.25 Derivatives : 8.15 Total Equity 67.61 -67.83 Treasury Bills 0.25 182 DAY T-BILL Sovereign 0.25 Expense Ratio# (As on September 30, 2020) TREPS / Reverse Repo Investments / 13.74 Direct Plan - 0.45 % ` Term Deposits Placed as Margins Regular Plan - 0.88 % Cash & Cash Equivalents 18.40 Net Assets 100.00

For NAV details, please refer page 6 Note: ** 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 Performance (As on 30/09/2020) relevant year/period. # Period Principal Arbitrage Nifty 50 Arbitrage Index Nifty 50 - TRI Weighted Average TER for the month, includes GST on management fees. Fund (Scheme’s Benchmark) (Additional Benchmark) *Effective February 01, 2017. Returns $PTP Returns (%) $PTP Returns $PTP (%) Returns Returns (%) Returns Industry Allocation (As on Sep 30, 2020) (% of NAV) 1 Year (30-09-2019 to 30-09-2020) 2.55 10255.21 2.96 10296.86 -0.97 9903.08 3 Years (29-09-2017 to 30-09-2020) 1.98 10607.17 4.64 11460.38 6.02 11920.86  Pharmaceuticals 13.44% Since Inception (21-04-2016 to 30-09-2020) 3.11 11460.30 4.90 12368.93 9.67 15076.62  Banks 10.90% Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.  Petroleum Products 8.34% Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $  Telecom - Services 6.72% PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period.  Software 5.96% Please refer page 33 for annexure of returns for all scheme managed by the fund manager.  Construction Project 4.88% 5 years performance of Principal Arbitrage Fund is not given as the scheme have not been in existence for 5 years.  Auto 4.68%  Media & Entertainment 3.86%  Ferrous Metals 3.69% Dividend Update  Cement 2.61% Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 17-Aug-20 NA NA 0.0478 10.1761 17-Jun-20 0.0556 10.1211 0.0563 10.2454 15-May-20 0.0559 10.1695 0.0566 10.2900 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. 22 Principal Cash Management Fund Credit Risk Rating (An open ended liquid scheme) [ICRA] A1+mfs++ Investment Objective: To provide investors with as high a level of income available from short-term investments as is considered consistent with 112preservation of capital and maintenance of liquidity, by investing in a portfolio of money market and investment grade debt instruments.

Data As on September 30, 2020 Fund Details Portfolio

Minimum Investment Amount (`) Name Rating % of NAV Lumpsum Special Products New Investor- ` 5,000 SIP- ` 2,000 BONDS & NCD 7.24 Existing Investor- ` 1,000 STP- ` 1,000 Power Grid Corporation of India Ltd. CRISIL AAA 5.92 ` RWP- 500 REC Ltd. CRISIL AAA 1.32 6 installments each Commercial Paper 4.58 Asset Under Managment (` Cr) ICICI Securities Ltd. CRISIL A1+ 4.58 MAAUM: 152.98 AUM: 152.20 ` Treasury Bills 68.00 91 DAY T-BILL Sovereign 29.52 182 DAY T-BILL Sovereign 9.81 Load Structure 182 DAY T-BILL Sovereign 7.36 Entry Load: NIL Exit Load* 91 DAY T-BILL Sovereign 6.56 364 DAY T-BILL Sovereign 6.56 Investor exit upon Exit load as a % of subscription redemption proceeds 182 DAY T-BILL Sovereign 3.28 Day 1 0.0070% 91 DAY T-BILL Sovereign 3.28 Day 2 0.0065% 91 DAY T-BILL Sovereign 1.63 Day 3 0.0060% TREPS / Reverse Repo Investments 22.80 Day 4 0.0055% TREPS 22.80 Day 5 0.0050% Day 6 0.0045% Cash & Cash Equivalents -2.62 Day 7 onwards 0.0000% Net Assets 100.00 * with effect from October 20, 2019.

Allotment Date & Benchmark Allotment Date Regular Plan: August 30, 2004 Direct Plan: January 1, 2013 Benchmark: CRISIL Liquid Fund Index

Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option. Dividend Frequency - Daily / Weekly / Monthly

Fund Manager Details Name: Ms. Bekxy Kuriakose Managing Since: May 2019 Total Experience: 20 years Month End Quants of the Debt Portfolio (As on September 30, 2020) Average Maturity: 21 Days Modified Duration:20 Days Gross Yield to Maturity: 3.21% Macaulay Duration: 21 Days

Expense Ratio# (As on September 30, 2020) Direct Plan - 0.16 % ` Performance (As on 30/09/2020) Regular Plan - 0.22 % Period Principal Cash CRISIL Liquid Fund CRISIL 1 Year T-Bill Management Fund Index Index (Scheme’s Benchmark) (Additional Benchmark) For NAV details, please refer page 6 Returns $PTP Returns $PTP Returns $PTP Note: # Weighted Average TER for the month, includes GST on management (%) Returns (%) Returns (%) Returns fees. 1 Year (30-09-2019 to 30-09-2020) 4.33 10434.39 5.17 10518.41 6.39 10641.23 3 Years (30-09-2017 to 30-09-2020) 2.96 10914.80 6.58 12110.02 6.87 12211.31 Composition By Assets (As on Sep 30, 2020) (% of NAV) 5 Years (30-09-2015 to 30-09-2020) 4.69 12579.38 6.82 13913.26 6.81 13904.72 Since Inception (30-08-2004 to 30-09-2020) 6.72 28475.83 7.04 29874.86 6.23 26438.54 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. Returns (in) are calculated on Compounded Annualised Basis (CAGR). $  Treasury Bills 68.00% PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period.  BONDS & NCD 7.24% Please refer page 33 for annexure of returns for all scheme managed by the fund manager.  Commercial Paper 4.58%  Cash and Other Assets 20.18% Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV Rating Profile(As on Sep 30, 2020) (% of NAV) Monthly Dividend (Last 3 Months) 17-Sep-20 2.5773 1025.3017 2.6321 1025.3733 17-Aug-20 2.8066 1025.5310 2.8936 1025.6348 17-Jul-20 2.5806 1025.3050 2.6653 1025.4065 Past performance may or may not be sustained in the future. * On face value of ` 1,000. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. In respect of Liquid Scheme(s) NAV applicable shall be subject to receipt of valid application/switch-in request at the OPT and credit of entire subscription/switch-in amounts into the Bank Account of the concerning Scheme(s)/Plan(s) and funds are available for utilization by the Scheme(s)/Plan(s), within relevant cut-off time as applicable to the relevant Scheme(s)/ Plan(s). Past performance is no guarantee of future result. (++ for rating methodology please refer page 4.)

23 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.) [Please refer page no. 23 of SID on which the concept of Macaulay’s Duration has been explained.]

Investment Objective: To generate regular income & capital appreciation through investments in debt securities and money market instruments.

Data As on September 30, 2020 Fund Details Portfolio

Minimum Investment Amount (`) Lumpsum Special Products Name Rating % of NAV New Investor- ` 5,000 SIP- ` 2,000 Existing Investor- ` 1,000 STP- ` 1,000 BONDS & NCD 35.18 RWP- ` 500 National Bank for Agriculture and Rural Development CRISIL AAA 5.47 6 installments each LIC Housing Finance Ltd CRISIL AAA 5.07 Power Grid Corporation of India Ltd CRISIL AAA 4.99 Asset Under Managment (` Cr) Small Industries Development Bank of India CARE AAA 4.78 MAAUM: 159.68 AUM: 150.60 ` Indian Railway Finance Corporation Ltd CRISIL AAA 4.43 Reliance Industries Ltd CRISIL AAA 3.34 REC Ltd CRISIL AAA 2.04 Load Structure Housing Development Finance Corporation Ltd CRISIL AAA 2.01 Entry Load: NIL Bajaj Finance Ltd IND AAA 1.69 NIL Exit Load: Ultratech Cement Ltd CRISIL AAA 1.36 Sovereign 11.40 Allotment Date & Benchmark Allotment Date 7.80% Government of India Sovereign 6.77 Regular Plan: December 28, 2007 7.00% Government of India Sovereign 3.35 Direct Plan: January 1, 2013 8.12% Government of India Sovereign 0.93 Benchmark: Nifty Ultra Short Duration Debt Index 6.84% Government of India Sovereign 0.35 Plans Regular Plan & Direct Plan. State Government Securities 8.36 Options Both the Plans offer Dividend & Growth 6.81% State Government of Maharashtra Sovereign 3.32 Option. Dividend Frequency - Regular Plan: Daily & 8.35% State Government of Gujarat Sovereign 3.31 Weekly Dividend - Reinvestment Facility Monthly Dividend - Payout, Reinvestment and Sweep 8.53% State Government of Maharashtra Sovereign 1.73 facility. Direct Plan: Monthly Dividend - Payout, Commercial Paper 9.82 Reinvestment and Sweep facility. ICICI Securities Ltd. CRISIL A1+ 6.59 Fund Manager Details Housing Development Finance Corporation Ltd. CRISIL A1+ 3.23 Name: Ms. Bekxy Kuriakose Certificate of Deposits 6.59 Managing Since: May 2019 Axis Bank Ltd. CRISIL A1+ 3.30 Total Experience: 20 years ICICI Bank Ltd. [ICRA]A1+ 3.29 Month End Quants of the Debt Portfolio Treasury Bills 14.32 (As on September 30, 2020) 182 DAY T-BILL Sovereign 6.06 Average Maturity: 122 Days 91 DAY T-BILL Sovereign 3.31 Modified Duration:115 Days 182 DAY T-BILL Sovereign 3.30 Gross Yield to Maturity: 3.59% 91 DAY T-BILL Sovereign 1.65 Macaulay Duration: 119 Days TREPS / Reverse Repo Investments 15.44 TREPS 15.44 Expense Ratio# (As on September 30, 2020) Direct Plan - 0.25% ` Cash & Cash Equivalents -1.11 Regular Plan - 1.05% Net Assets 100.00

For NAV details, please refer page 6 Note: # Weighted Average TER for the month, includes GST on management fees. Performance (As on 30/09/2020) Period Principal Ultra Short Nifty Ultra Short CRISIL 1 Year T-Bill Term Fund Duration Debt Index Index (Scheme’s Benchmark) (Additional Benchmark) (As on Sep 30, 2020) (% of NAV) Composition By Assets Returns $PTP Returns $PTP Returns $PTP (%) Returns (%) Returns (%) Returns 1 Year (30-09-2019 to 30-09-2020) 4.63 10463.96 6.26 10628.04 6.39 10641.23  BONDS & NCD 35.18% 3 Years (29-09-2017 to 30-09-2020) 4.10 11284.19 7.33 12367.25 6.87 12211.31  Treasury Bills 14.32% 5 Years (30-09-2015 to 30-09-2020) 5.43 13026.99 7.43 14314.03 6.81 13904.72  Sovereign 11.40% Since Inception (28-12-2007 to 30-09-2020) 6.17 21465.44 8.36 27870.11 6.57 22526.06  Commercial Paper 9.82% Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. State Government Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $  8.36% Securities PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period.  Certificate of Deposits 6.59% Please refer page 33 for annexure of returns for all scheme managed by the fund manager.  Cash and Other Assets 14.33%

Dividend Update Date Regular Plan Direct Plan Rating Profile(As on Sep 30, 2020) (% of NAV) Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV Monthly Dividend (Last 3 Months) 17-Sep-20 2.0259 1060.8551 2.7495 1061.6181 17-Aug-20 2.1919 1061.0211 2.9498 1061.8184 17-Jul-20 4.0080 1062.8372 4.7424 1063.6110 Past performance may or may not be sustained in the future. * On face value of ` 1,000. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.

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.

24

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) [Please refer page no. 24 of SID on which the concept of Macaulay’s Duration has been explained.]

Investment Objective: To generate regular income and capital appreciation through investments in debt securities and money market instruments.

Data As on September 30, 2020 Fund Details Portfolio

Minimum Investment Amount (`) Name Rating % of NAV Lumpsum Special Products New Investor- ` 5,000 SIP- ` 2,000 BONDS & NCD 36.64 Existing Investor- ` 1,000 STP- ` 1,000 REC Ltd CRISIL AAA 5.24 RWP- ` 500 6 installments each Housing Development Finance Corporation Ltd CRISIL AAA 4.20 Power Grid Corporation of India Ltd CRISIL AAA 4.09 Asset Under Managment (` Cr) LIC Housing Finance Ltd CRISIL AAA 3.65 MAAUM: 96.40 AUM: 99.77 ` National Housing Bank CRISIL AAA 3.17 Small Industries Development Bank of India CARE AAA 3.15 Indian Oil Corporation Ltd CRISIL AAA 3.08 Load Structure NTPC Ltd CRISIL AAA 2.77 Entry Load: NIL Exit Load: NIL (w.e.f December 26, 2019) Indian Railway Finance Corporation Ltd CRISIL AAA 2.62 Bajaj Finance Ltd IND AAA 2.60 Allotment Date & Benchmark Allotment Date The Ramco Cements Ltd [ICRA]AA+ 2.07 Regular Plan: September 14, 2004 Sovereign 8.36 Direct Plan: January 1, 2013 7.00% Government of India Sovereign 5.15 Benchmark: CRISIL Low Duration Debt Index 6.84% Government of India Sovereign 3.21 Plans Regular Plan & Direct Plan. State Government Securities 11.46 Options Both the Plans offer Dividend & Growth Option. Dividend Frequency - Daily / Weekly / 8.91% State Government of Maharashtra Sovereign 5.48 Monthly 6.81% State Government of Maharashtra Sovereign 5.11 8.40% State Government of Gujarat Sovereign 0.87 Fund Manager Details Name: Ms. Bekxy Kuriakose Commercial Paper 2.03 Managing Since: May 2019 ICICI Securities Ltd. CRISIL A1+ 2.03 Total Experience: 20 years Certificate of Deposits 5.06 Month End Quants of the Debt Portfolio ICICI Bank Ltd. [ICRA]A1+ 5.06 (As on September 30, 2020) Treasury Bills 16.46 Average Maturity: 245 Days Modified Duration:224 Days 182 DAY T-BILL Sovereign 6.28 Gross Yield to Maturity: 3.77% 91 DAY T-BILL Sovereign 5.09 Macaulay Duration: 232 Days 91 DAY T-BILL Sovereign 5.09 TREPS / Reverse Repo Investments 24.72 Expense Ratio# (As on September 30, 2020) Direct Plan - 0.23 % ` TREPS 24.72 Regular Plan - 0.56 % Cash & Cash Equivalents -4.73 Net Assets 100.00 For NAV details, please refer page 6 Note: # Weighted Average TER for the month, includes GST on management fees.

Composition By Assets (As on Sep 30, 2020) (% of NAV)

 BONDS & NCD 36.64% Performance (As on 30/09/2020)  Treasury Bills 16.46% Period Principal Low Duration CRISIL Low Duration CRISIL 1 Year T-Bill State Government Fund Debt Index Index  11.46% Securities (Scheme’s Benchmark) (Additional Benchmark)  Sovereign 8.36% Returns $PTP Returns $PTP Returns $PTP (%) Returns (%) Returns (%) Returns  Certificate of Deposits 5.06% 1 Year (30-09-2019 to 30-09-2020) 5.53 10554.52 7.74 10776.39 6.39 10641.23  Commercial Paper 2.03% 3 Years (29-09-2017 to 30-09-2020) 0.02 10004.63 7.83 12543.88 6.87 12211.31  Cash and Other Assets 19.99% 5 Years (30-09-2015 to 30-09-2020) 3.20 11710.52 7.97 14678.18 6.81 13904.72 Since Inception (14-09-2004 to 30-09-2020) 6.34 26810.90 7.59 32346.07 6.24 26416.84 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. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager. Rating Profile(As on Sep 30, 2020) (% of NAV)

Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV Monthly Dividend (Last 3 Months) 16-Apr-19 5.2932 1144.4125 5.6175 1146.6914 15-Mar-19 7.8697 1146.9890 8.0461 1149.1200 15-Feb-19 2.6336 1141.7529 2.2227 1143.2966 Past performance may or may not be sustained in the future. * On face value of ` 1,000. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. Past performance is no guarantee of future result. 25 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.) [Please refer page no. 23 of SID on which the concept of Macaulay’s Duration has been explained.]

Investment Objective: To generate regular income and capital appreciation/ accretion through investment in debt instruments and related securities besides preservation of capital and has been designed to achieve stable returns over shorter-term investment horizons.

Data As on September 30, 2020 Fund Details Portfolio

Minimum Investment Amount (`) Name Rating % of NAV Lumpsum Special Products BONDS & NCD 54.94 New Investor- ` 5,000 SIP- ` 2,000 Existing Investor- ` 1,000 STP- ` 1,000 Indian Railway Finance Corporation Ltd CRISIL AAA 5.76 RWP- ` 500 Housing Development Finance Corporation Ltd CRISIL AAA 4.51 6 installments each Ultratech Cement Ltd CRISIL AAA 4.46 National Bank for Agriculture and Rural Development CRISIL AAA 4.00 Asset Under Managment (` Cr) NTPC Ltd CRISIL AAA 3.85 MAAUM: 161.23 Indian Oil Corporation Ltd CRISIL AAA 3.75 AUM: 161.16 ` HDFC Bank Ltd CRISIL AAA 3.32 National Housing Bank CRISIL AAA 3.29 Power Finance Corporation Ltd CRISIL AAA 3.29 Load Structure ICICI Bank Ltd [ICRA]AAA 3.27 Entry Load: NIL Exit Load: NIL (w.e.f December 26, 2019) Reliance Industries Ltd CRISIL AAA 3.25 Hindustan Petroleum Corporation Ltd CRISIL AAA 3.23 Allotment Date & Benchmark LIC Housing Finance Ltd CRISIL AAA 3.23 Allotment Date The Ramco Cements Ltd [ICRA]AA+ 3.14 Regular Plan: May 09, 2003 REC Ltd CRISIL AAA 2.59 Direct Plan: January 1, 2013 Sovereign 27.57 Benchmark: CRISIL Short-Term Bond Fund Index 6.18% Government of India Sovereign 9.93 Plans Regular Plan & Direct Plan. 5.22% Government of India Sovereign 6.16 Options Both the Plans offer Dividend & Growth 6.84% Government of India Sovereign 5.83 Option. Dividend Frequency Monthly 7.32% Government of India Sovereign 4.65 7.27% Government of India Sovereign 1.00 Treasury Bills 0.07 Fund Manager Details 182 DAY T-BILL Sovereign 0.07 Name: Gurvinder Singh Wasan Managing Since: April 2011 TREPS / Reverse Repo Investments 14.70 Total Experience: 16 years TREPS 14.70 Cash & Cash Equivalents 2.72 Month End Quants of the Debt Portfolio (As on September 30, 2020) Net Assets 100.00 Average Maturity: 2.48 years Modified Duration:2.11 years Gross Yield to Maturity: 4.82% Macaulay Duration: 2.20 years

Expense Ratio# (As on September 30, 2020) Direct Plan - 0.61 % ` Regular Plan - 1.04 %

For NAV details, please refer page 6 Note: # Weighted Average TER for the month, includes GST on management fees. Performance (As on 30/09/2020) Period Principal Short Term CRISIL Short-Term CRISIL 10 Year Gilt Debt Fund Bond Fund Index Index (Scheme’s Benchmark) (Additional Benchmark) Returns $PTP Returns $PTP Returns $PTP (%) Returns (%) Returns (%) Returns Composition By Assets (As on Sep 30, 2020) (% of NAV) 1 Year (30-09-2019 to 30-09-2020) 9.68 10970.89 9.86 10988.99 8.25 10827.29 3 Years (29-09-2017 to 30-09-2020) 4.13 11294.94 8.22 12681.26 6.72 12158.66 5 Years (30-09-2015 to 30-09-2020) 5.75 13231.09 8.31 14912.49 7.60 14430.68 Since Inception (09-05-2003 to 30-09-2020) 7.23 33697.20 7.43 34796.16 6.21 28533.26 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.  BONDS & NCD 54.94% Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $  Sovereign 27.57% PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period.  Treasury Bills 0.07% Please refer page 33 for annexure of returns for all scheme managed by the fund manager.  Cash and Other Assets 17.42% Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV Monthly Dividend (Last 3 Months) 17-Jul-20 0.3998 13.2192 0.4694 13.3212 Rating Profile(As on Sep 30, 2020) (% of NAV) 17-May-19 0.0544 12.8738 0.0609 12.9127 16-Apr-19 0.0595 12.8789 0.0661 12.9179 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. Past performance is no guarantee of future result. * Effective after the close of business hours on May 29, 2019 Principal Corporate Bond Fund got merged into Principal Short Term Debt Fund.

26 Principal Retirement Savings Fund - Progressive Plan (Erstwhile Principal Asset Allocation Fund of Funds - Aggressive Plan) (An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)) Investment Objective: The investment objective of the scheme is to provide capital appreciation and income generation to enable investors save over the long term towards their retirement savings goals, by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities.However, there can be no assur- ance or guarantee that the investment objective of the Scheme will be achieved Data As on September 30, 2020 Fund Details Portfolio

Minimum Investment Amount (`)@ Name % of NAV Name % of NAV Lumpsum Special Products Banks 15.40 Motherson Sumi Systems Ltd. 0.85 New Investor- ` 5,000 SIP- ` 2,000 HDFC Bank Ltd. 6.98 MRF Ltd. 0.79 $ Existing Investor- ` 1,000 STP- ` 1,000 ICICI Bank Ltd. 3.60 Chemicals 3.33 RWP- ` 500$ Kotak Mahindra Bank Ltd. 2.51 Rossari Biotech Ltd. 1.40 6 installments each $Available after the completion of lock-in period. Axis Bank Ltd. 1.16 Atul Ltd. 1.11 @Auto transfer facility and switch option is available across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during the lock State Bank of India 1.15 Aarti Industries Ltd. 0.82 - in period. Software 10.38 Cement 3.18 Asset Under Managment (` Cr) Infosys Ltd. 5.87 Ultratech Cement Ltd. 1.25 MAAUM: 2.27 Tata Consultancy Services Ltd. 4.51 JK Cement Ltd. 1.12 AUM: 2.26 ` Petroleum Products 10.23 Shree Cement Ltd. 0.81 Auto 3.09 Reliance Industries Ltd. 9.38 Load Structure Maruti Suzuki India Ltd. 2.06 Entry Load: NIL Hindustan Petroleum Corporation Ltd. 0.85 Mahindra & Mahindra Ltd. 1.03 Exit Load: Nil in case of RWP/ Redemption/ Finance 10.18 Switch out from Principal Retirement Savings Housing Development Pesticides 2.25 3.05 Fund after completion of 5 years lock in period, Finance Corporation Ltd. Bayer Cropscience Ltd. 1.17 or after attainment of retirement age of 60  years whichever is earlier. Nil in case of Auto Bajaj Finance Ltd. 2.13 PI Industries Ltd. 1.08 transfer facility and switch option across the Max Financial Services Ltd. 1.48 Industrial Products 2.19 three plans namely Progressive Plan, Moderate SBI Life Insurance Company Ltd. 1.36 Plan & Conservative Plan during lock – in period. Timken India Ltd. 1.12 (Note: Age will be computed with reference to Can Fin Homes Ltd. 1.33 Astral Poly Technik Ltd. 1.07 years completed on the date of transaction) Muthoot Finance Ltd. 0.83 Construction Project 1.85 Allotment Date & Benchmark Pharmaceuticals 6.65 Larsen & Toubro Ltd. 1.85 Allotment Date Divi's Laboratories Ltd. 2.87 Fertilisers 1.44 Regular Sub-Plan & Direct Sub-Plan: December 14, 2015 Abbott India Ltd. 1.75 Coromandel International Ltd. 1.44 Benchmark: Progressive Plan - Nifty 200 Full Syngene International Ltd. 1.22 Retailing 1.42 Marketcap Index - TRI Alkem Laboratories Ltd. 0.81 Avenue Supermarts Ltd. 1.42 Plans Regular Sub-Plan & Direct Sub-Plan. Consumer Durables 5.09 Telecom - Services 1.35 Options Both the Sub-Plans offer Growth Dixon Technologies (India) Ltd. 1.78 Bharti Airtel Ltd. 1.35 Option. Relaxo Footwears Ltd. 1.17 Transportation 1.34 Orient Electric Ltd. 1.15 TCI Express Ltd. 1.34 Other Equities* 2.64 Fund Manager Details Whirlpool of India Ltd. 0.99 Name: Ravi Gopalakrishnan Consumer Non Durables 4.67 Total Equity 90.77 Managing Since: July 2019 Hindustan Unilever Ltd. 2.74 Treasury Bills 0.44 Total Experience: 26 years ITC Ltd. 1.06 182 DAY T-BILL Sovereign 0.44 Jubilant Foodworks Ltd. 0.87 TREPS / Reverse Repo Investments 9.15 Expense Ratio# (As on September 30, 2020) Auto Ancillaries 4.09 TREPS 9.15 ` Direct Plan - 1.17% Cash & Cash Equivalents -0.36 Regular Plan - 2.26% Balkrishna Industries Ltd. 1.42 CEAT Ltd. 1.03 Net Assets 100.00 Top 10 Equity Holdings (As on September 30, 2020) Ratios & Other Details * Holding less than 0.75% Standard Deviation^ (Annualised): 18.22% Beta^ : 0.83 Sharpe Ratio^ (Annualised) : -0.07

For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.79% risk free rate of return (1 days - MIBOR Rate As on September 30, 2020). # Investors may please note that they will be bearing the expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment. Weighted Average TER for the month, includes GST on management fees. Industry Allocation of Equity Instruments (Top 10) (As on September 30, 2020) (% of NAV)  Banks 15.40%  Finance 10.83% Performance (As on 30/09/2020) Software 10.38% Period Principal Retirement Nifty 200 Full  Nifty 50 - TRI Savings Fund - Marketcap Index - TRI  Petroleum Products 10.23% (Additional Benchmark) Progressive Plan (Scheme’s Benchmark)  Pharmaceuticals 7.28% $PTP $PTP $PTP Returns (%) Returns (%) Returns (%)  Consumer Durables 5.09% Returns Returns Returns  Consumer Non Durables 4.67% 1 Year (30-09-2019 to 30-09-2020) -1.81 9818.25 -0.12 9987.98 -0.97 9903.08  Auto Ancillaries 4.09% 3 Years (29-09-2017 to 30-09-2020) 0.85 10256.50 4.47 11402.99 6.02 11920.86  Chemicals 3.33% Since Inception (14-12-2015 to 30-09-2020) 5.89 13159.30 9.40 15392.24 9.76 15633.37 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth  Cement 3.18% option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager. 5 years performance of Principal Retirement Savings Fund - Progressive Plan is not given as the scheme have not been in existence for 5 years.

27 Principal Retirement Savings Fund - Moderate Plan (Erstwhile Principal Asset Allocation Fund of Funds - Moderate Plan) (An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)) Investment Objective: The investment objective of the scheme is to provide capital appreciation and income generation to enable investors save over the long term towards their retirement savings goals, by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities. However, there can be no assur- ance or guarantee that the investment objective of the Scheme will be achieved Data As on September 30, 2020 Fund Details Portfolio

Minimum Investment Amount (`)@ % to Net % to Net Name % of NAV Assets Name % of NAV Assets Lumpsum Special Products Derivatives Derivatives New Investor- ` 5,000 SIP- ` 2,000 Petroleum Products 11.34 -6.25 Telecom - Services 1.32 Existing Investor- ` 1,000 STP- ` 1,000$ Indian Oil Corporation Ltd. 6.22 -6.25 Bharti Airtel Ltd. 1.32 RWP- ` 500$  6 installments each Reliance Industries Ltd. 5.12 Auto 1.20 $Available after the completion of lock-in period. Consumer Non Durables 10.16 -8.15 Maruti Suzuki India Ltd. 1.20 @Auto transfer facility and switch option is available across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during the lock ITC Ltd. 8.69 -8.15 Fertilisers 1.06 - in period. Hindustan Unilever Ltd. 1.47 Coromandel International Ltd. 1.06 Asset Under Managment (` Cr) Banks 7.15 Consumer Durables 1.04 MAAUM: 0.68 HDFC Bank Ltd. 3.81 Dixon Technologies (India) Ltd. 1.04 AUM: 0.68 ` ICICI Bank Ltd. 1.97 Construction Project 1.01 Kotak Mahindra Bank Ltd. 1.37 Larsen & Toubro Ltd. 1.01 Load Structure Entry Load: NIL Software 5.63 Retailing 0.81 Exit Load: Nil in case of RWP/ Redemption/ Infosys Ltd. 3.20 Avenue Supermarts Ltd. 0.81 Switch out from Principal Retirement Savings Tata Consultancy Services Ltd. 2.43 Chemicals 0.78 Fund after completion of 5 years lock in period, or after attainment of retirement age of 60 Finance 3.67 Rossari Biotech Ltd. 0.78 years whichever is earlier. Nil in case of Auto Housing Development 1.65 Transportation 0.76 transfer facility and switch option across the Finance Corporation Ltd. TCI Express Ltd. 0.76 three plans namely Progressive Plan, Moderate Bajaj Finance Ltd. 1.21 Plan & Conservative Plan during lock – in period. Other Equities* 15.64 (Note: Age will be computed with reference to Max Financial Services Ltd. 0.81 Total Equity 65.76 years completed on the date of transaction) Pharmaceuticals 2.55 Treasury Bills 1.47 Divi's Laboratories Ltd. 1.58 Allotment Date & Benchmark 182 DAY T-BILL Sovereign 1.47 Allotment Date Abbott India Ltd. 0.97 TREPS / Reverse Repo Investments 22.75 Regular Sub-Plan & Direct Sub-Plan: Auto Ancillaries 1.64 TREPS 22.75 December 14, 2015 MRF Ltd. 0.88 Benchmark: Moderate Plan - CRISIL Hybrid 35 + 65 - Cash & Cash Equivalents 10.02 Aggressive Index Balkrishna Industries Ltd. 0.76 Net Assets 100.00 Plans Regular Sub-Plan & Direct Sub-Plan. Top 10 Equity Holdings Options Both the Sub-Plans offer Growth * Holding less than 0.75% Option.

Fund Manager Details Name: Ravi Gopalakrishnan Managing Since: July 2019 Total Experience: 26 years

Expense Ratio# (As on September 30, 2020) ` Direct Plan - 1.50 % Regular Plan - 2.25 %

Ratios & Other Details (As on September 30, 2020) Standard Deviation^ (Annualised): 9.14% Beta^ : 0.64 Sharpe Ratio^ (Annualised) : -0.10

For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.79% risk free rate of return (1 days - MIBOR Rate As on September 30, 2020). # Investors may please note that they will be bearing the expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment. Weighted Average TER for the month, includes GST on management fees.

Industry Allocation of Equity Instruments (Top 10) (As on September 30, 2020) (% of NAV)  Petroleum Products 11.80%  Consumer Non Durables 10.64% Performance (As on 30/09/2020)  Banks 8.45% Period Principal Retirement CRISIL Hybrid 35 + 65 - Nifty 50 TRI  Finance 6.01% Savings Fund - Moderate Aggressive Index* (Additional Benchmark)  Software 5.63% Plan (Scheme’s Benchmark) $PTP $PTP $PTP  Pharmaceuticals 4.01% Returns (%) Returns (%) Returns (%)  Consumer Durables 2.89% Returns Returns Returns  Auto Ancillaries 2.69% 1 Year (30-09-2019 to 30-09-2020) 2.59 10259.79 6.16 10618.04 -0.97 9903.08 3 Years (29-09-2017 to 30-09-2020) 2.45 10753.41 6.91 12225.30 6.02 11920.86  Chemicals 1.86% Since Inception (14-12-2015 to 30-09-2020) 5.47 12914.20 10.12 15881.31 9.76 15633.37  Cement 1.86% 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. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager. *The equity component of CRISIL Hybrid 35 + 65 - Aggressive Index is represented by total return variant of S&P BSE 200. 5 years performance of Principal Retirement Savings Fund - Moderate Plan is not given as the scheme have not been in existence for 5 years.

28 Principal Retirement Savings Fund - Conservative Plan (Erstwhile Principal Asset Allocation Fund of Funds - Conservative Plan) (An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)) Investment Objective: The investment objective of the scheme is to provide capital appreciation and income generation to enable investors save over the long term towards their retirement savings goals, by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities.However, there can be no assur- ance or guarantee that the investment objective of the Scheme will be achieved Data As on September 30, 2020 Fund Details Portfolio

@ % to Net Assets Deriva- Minimum Investment Amount (`) Name % of NAV tives Lumpsum Special Products Pharmaceuticals 13.67 -12.89 New Investor- ` 5,000 SIP- ` 2,000  Existing Investor- ` 1,000 STP- ` 1,000$ Lupin Ltd. 7.06 -7.08 RWP- ` 500$ Sun Pharmaceutical Industries Ltd. 5.78 -5.81 6 installments each Divi's Laboratories Ltd. 0.83 $Available after the completion of lock-in period. @Auto transfer facility and switch option is available across the three plans Banks 11.53 -8.24 namely Progressive Plan, Moderate Plan & Conservative Plan during the lock  - in period. ICICI Bank Ltd. 5.04 -4.03 Axis Bank Ltd. 4.52 -4.21 Asset Under Managment (` Cr) HDFC Bank Ltd. 1.97 MAAUM: 1.22 Consumer Non Durables 10.73 -9.68 AUM: 1.21 ` Hindustan Unilever Ltd. 5.90 -5.13 ITC Ltd. 4.83 -4.55 Load Structure Entry Load: NIL Ferrous Metals 6.18 -6.19 Exit Load: Nil in case of RWP/ Redemption/ JSW Steel Ltd. 6.18 -6.19 Switch out from Principal Retirement Savings Minerals/Mining 3.54 -3.56 Fund after completion of 5 years lock in period, or after attainment of retirement age of 60 Coal India Ltd. 3.54 -3.56 years whichever is earlier. Nil in case of Auto Software 2.94 transfer facility and switch option across the three plans namely Progressive Plan, Moderate Infosys Ltd. 1.65 Plan & Conservative Plan during lock – in period. Tata Consultancy Services Ltd. 1.29 (Note: Age will be computed with reference to Petroleum Products 2.63 years completed on the date of transaction) Reliance Industries Ltd. 2.63 Allotment Date & Benchmark Finance 0.88 Allotment Date Housing Development Finance Corporation Ltd. 0.88 Regular Sub-Plan & Direct Sub-Plan: December 14, 2015 Other Equities* 14.49 Benchmark: Conservative Plan - 30% Nifty 50 - TRI + Total Equity 66.59 -40.56 70% CRISIL Liquid Fund Index Treasury Bills 0.82 182 DAY T-BILL Sovereign 0.82 Plans Regular Sub-Plan & Direct Sub-Plan. Options Both the Sub-Plans offer Growth TREPS / Reverse Repo Investments 15.74 Option. TREPS 15.74 Cash & Cash Equivalents 16.85 Net Assets 100.00 Fund Manager Details Top 10 Equity Holdings Name: Ravi Gopalakrishnan * Holding less than 0.75% Managing Since: July 2019 Total Experience: 26 years

Expense Ratio# (As on September 30, 2020) ` Direct Plan - 1.79% Regular Plan - 2.25%

Ratios & Other Details (As on September 30, 2020) Standard Deviation^ (Annualised): 5.43% Beta^ : 0.81 Sharpe Ratio^ (Annualised) : -0.27

For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.79% risk free rate of return (1 days - MIBOR Rate As on September 30, 2020). # Investors may please note that they will be bearing the expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment. Weighted Average TER for the month, includes GST on management fees. Industry Allocation of Equity Instruments (Top 10) (As on September 30, 2020) (% of NAV)

 Pharmaceuticals 14.96% Performance (As on 30/09/2020)  Banks 12.56% Period 30% Nifty 50 - TRI + 70% Principal Retirement CRISIL 10 Year CRISIL Liquid  Consumer Non Durables 10.98% Savings Fund - Gilt Index Fund Index Ferrous Metals 6.18% Conservative Plan (Additional Benchmark)  (Scheme’s Benchmark)  Minerals/Mining 3.54% $PTP $PTP $PTP Returns (%) Returns (%) Returns (%)  Finance 3.07% Returns Returns Returns  Software 2.94% 1 Year (30-09-2019 to 30-09-2020) 1.84 10184.99 4.33 10434.58 8.25 10827.29  Petroleum Products 2.87% 3 Years (29-09-2017 to 30-09-2020) 2.18 10670.93 6.89 12218.80 6.72 12158.66  Consumer Durables 1.55% Since Inception (14-12-2015 to 30-09-2020) 4.86 12558.40 8.06 14505.84 8.00 14468.74 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth  Auto Ancillaries 1.42% option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Please refer page 33 for annexure of returns for all scheme managed by the fund manager. 5 years performance of Principal Retirement Savings Fund - Conservative Plan is not given as the scheme have not been in existence for 5 years.

29 Principal Global Opportunities Fund (An open ended fund of fund scheme investing in Principal Global Investors Funds - Origin Global Smaller Companies Fund) Investment Objective: Investment Objective: To provide long term capital appreciation by predominantly investing in overseas mutual fund schemes, and a certain portion of its corpus in Money Market Securities and/or units of Money Market / Liquid Schemes of Principal Mutual Fund.

Data As on September 30, 2020 Fund Details Portfolio Name Industry % of NAV Minimum Investment Amount (`) Mutual Fund Units / Exchange Traded Funds 99.32 Lumpsum Special Products PGIF Origin Global Smaller Companies Fund - Usd I Class Accumulation Mutual Fund 99.32 New Investor- ` 10,000 SIP- ` 2,000 Treasury Bills 0.05 Existing Investor- ` 1,000 STP- ` 1,000 182 DAY T-BILL Sovereign 0.05 RWP- ` 500 TREPS / Reverse Repo Investments 2.32 TREPS 2.32 6 installments each Cash & Cash Equivalents -1.69 Net Assets 100.00 Asset Under Managment (` Cr) MAAUM: 18.98 Principal Global Investor Fund - Origin Global Smaller Companies Fund AUM: 19.06 ` (Underlying Fund) as on August 31, 2020 % of % of Name Name Load Structure NAV NAV Entry Load: NIL Generac Holdings Inc. 1.94 Tianneng Power International Limited 0.52 Exit Load: If redeemed on or before 1 Year PennyMac Financial Services, Inc. 1.64 Fabrinet 0.51 Lifco AB Class B 1.46 PRA Health Sciences, Inc. 0.51 from the date of allotment - 1%. Helen of Troy Limited 1.31 Redrow plc 0.51 Elecom Co., Ltd. 1.30 Elite Material Co., Ltd. 0.51 Deckers Outdoor Corporation 1.23 Aaron's, Inc. 0.50 Allotment Date & Benchmark UFP Industries, Inc. 1.14 Sleep Number Corporation 0.50 Allotment Date Bechtle AG 1.14 Beach Energy Limited 0.49 Installed Building Products, Inc. 1.12 BMC Stock Holdings, Inc. 0.49 Regular Plan: March 29, 2004 Virtus Investment Partners, Inc. 1.09 Amedisys, Inc. 0.49 Direct Plan: January 2, 2013 Murphy USA, Inc. 1.08 Koza Altin Isletmeleri A.S. 0.48 Benchmark: MSCI All Country World Nolato AB Class B 1.08 B2Gold Corp. 0.48 HomeServe plc 1.08 China Medical System Holdings Ltd. 0.47 Small Cap Index - TRI LHC Group, Inc. 1.07 ENERJISA ENERJI A.S 0.47 Axon Enterprise Inc 1.04 Equitable Group Inc. 0.46 Plans Regular Plan & Direct Plan. Stillfront Group AB 1.03 Compania de Transmissao de Energia Eletrica Paulista Pfd 0.45 Lithia Motors, Inc. Class A 0.99 Akebia Therapeutics, Inc. 0.45 Dividend Frequencies Both the Plans offer American Equity Investment Life Holding Company 0.96 Sitronix Technology Corp. 0.45 Growth & Dividend Option. Dividend Option King's Town Bank 0.96 Hub Group, Inc. Class A 0.45 AllianceBernstein Holding L.P. 0.95 LCI Industries 0.45 under both the Plan offers facility of Payout, Haseko Corporation 0.94 Lumentum Holdings, Inc. 0.44 Reinvestment and Sweep. Malibu Boats Inc Class A 0.88 Federal Signal Corporation 0.44 Swissquote Group Holding Ltd. 0.88 PC Connection, Inc. 0.44 Carabao Group Public Company Ltd 0.87 LGI Homes, Inc. 0.44 BayCurrent Consulting, Inc. 0.86 Pharming Group NV 0.43 Fund Manager Details Molina Healthcare, Inc. 0.85 Alacer Gold Corp. 0.43 Reply S.p.A. 0.83 Toromont Industries Ltd. 0.43 Name: Rajat Jain Toei Animation Co., Ltd. 0.83 NMI Holdings, Inc. Class A 0.42 Managing Since: March 2004 Yokogawa Bridge Holdings Corp. 0.83 T-Gaia Corporation 0.41 Gurit Holding AG 0.81 Loomis AB 0.40 Total Experience: 31 years SINBON Electronics Co., Ltd. 0.81 Diploma PLC 0.40 Gamesys Group PLC 0.80 Nihon Unisys,Ltd. 0.39 Prestige Consumer Healthcare Inc 0.78 Simplo Technology Co. Ltd. 0.39 Chemed Corporation 0.78 Vistry Group PLC 0.39 Expense Ratio# (As on September 30, 2020) IG Group Holdings plc 0.78 Bellway p.l.c. 0.38 TCS Group Holding Plc Sponsored GDR Class A RegS 0.78 GB Group PLC 0.38 ` Direct Plan - 1.01% Sheng Siong Group Ltd. 0.78 iA Financial Corporation Inc. 0.38 Regular Plan - 1.43% Scandinavian Tobacco Group A/S 0.77 Novatek Microelectronics Corp. 0.38 Cerved Group SpA 0.77 Jumbo S.A. 0.38 Houlihan Lokey, Inc. Class A 0.76 Stifel Financial Corp. 0.37 MGIC Investment Corporation 0.76 Parex Resources Inc. 0.37 SLM Corp 0.75 Liontrust Asset Management PLC 0.37 For NAV details, please refer page 6 Asbury Automotive Group, Inc. 0.74 Meet Group Inc 0.36 Note: # Investors may please note that they will be bearing the expenses of Evolution Gaming Group AB 0.73 Gigabyte Technology Co., Ltd. 0.36 this Scheme in addition to the expenses of the underlying Schemes in which Radian Group Inc. 0.70 China Tian Lun Gas Holdings Limited 0.36 Corcept Therapeutics Incorporated. 0.70 Capcom Co., Ltd. 0.36 this Scheme makes investment. Weighted Average TER for the month, Addus HomeCare Corporation 0.69 Chemical Works of Gedeon Richter Plc 0.36 includes GST on management fees. Meitec Corporation 0.66 Towa Pharmaceutical Co., Ltd. 0.36 SYNNEX Corporation 0.66 Choice Hotels International, Inc. 0.36 OneMain Holdings, Inc. 0.66 J2 Global, Inc. 0.36 Saracen Mineral Holdings Limited 0.66 Torex Gold Resources Inc. 0.35 Howden Joinery Group PLC 0.65 Winnebago Industries, Inc. 0.35 Future plc 0.65 HelloFresh SE 0.35 PJT Partners, Inc. Class A 0.64 AMADA Co., Ltd. 0.35 Polypipe Group PLC 0.64 Micro-Star International Co., Ltd. 0.34 METAWATER Co.Ltd. 0.62 Zhen Ding Technology Holding Limited 0.34 Science Applications International Corp. 0.62 Insight Enterprises, Inc. 0.33 Centerra Gold Inc. 0.62 Northern Star Resources Ltd 0.33 Hansol Chemical Co., Ltd 0.61 Cresco,Ltd. 0.33 Computacenter Plc 0.60 Appen Ltd. 0.33 Regional Allocation of underlying fund Companhia de Locacao das Americas 0.60 Flow Traders NV 0.33 (As on August 31, 2020) (% of NAV) Virtu Financial, Inc. Class A 0.60 YDUQS Participacoes SA 0.31 CEWE Stiftung & Co. KGaA 0.59 Inphi Corporation 0.31 Itochu Techno-Solutions Corporation 0.59 Sunonwealth Electric Machine Industry Co., Ltd. 0.30 Relia, Inc. 0.58 Chicony Power Technology Co., Ltd. 0.30  North America 44.57% Fox Factory Holding Corp. 0.58 Interojo Inc. 0.28 Ausnutria Dairy Corp. Ltd. 0.58 Atkore International Group Inc. 0.28  Emerging Markets 15.89% BYD Electronic (International) Co., Ltd. 0.57 PT Sarana Menara Nusantara Tbk 0.28 Regis Resources Limited 0.57 Compania de Distribucion Integral Logista Holdings S.A. 0.28  Europe Ex Uk 12.37% United Therapeutics Corporation 0.57 Arcadyan Technology Corporation 0.28  Japan 10.92% Parade Technologies, Ltd. 0.56 Taiwan Union Technology Corporation 0.27 ManTech International Corporation Class A 0.56 CACI International Inc Class A 0.27  United Kingdom 8.39% EMCOR Group, Inc. 0.56 Compeq Manufacturing Co., Ltd. 0.27 Livzon Pharmaceutical Group Inc Class H 0.56 DIP Corporation 0.27  Asia Ex Japan 3.72% Envestnet, Inc. 0.56 Fu Shou Yuan International Group Ltd. 0.27  Cash 4.14% SolarEdge Technologies, Inc. 0.54 YiChang HEC ChangJiang Pharmaceutical Co. Ltd. Class H 0.26 Timken Company 0.54 Lotes Co., Ltd 0.24 TIS Inc. 0.53 Lonking Holdings Limited 0.21 Sawai Pharmaceutical Co., Ltd. 0.53 ECHO Marketing, Inc. 0.21 Exxaro Resources Limited 0.52 Koshidaka Holdings Co., Ltd. 0.16 SciPlay Corp. Class A 0.52 Cash 4.14 Azimut Holding Spa 0.52 Total 100.00 Industry Allocation of underlying fund (As on August 31, 2020) (% of NAV)  Industrials 19.20% Performance (As on 30/09/2020)  Information Technology 17.85% Period Principal Global Opportunities MSCI All Country World Small Nifty 50 - TRI Consumer Discretionary 16.68% Cap Index - TRI  Fund (Scheme’s Benchmark) (Additional Benchmark)  Financials 16.48% ^Returns $PTP  Health Care 10.13% (%) Returns Returns (%) $PTP Returns Returns (%) $PTP Returns 1 Year (30-09-2019 to  Materials 5.32% 11.90 11193.68 7.90 10792.60 -0.97 9903.08  Communication Services 4.54% 30-09-2020) 3 Years (29-09-2017 to  Consumer Staples 2.99% 4.63 11456.89 6.54 12096.96 6.02 11920.86 30-09-2020)  Energy 1.39% 5 Years (30-09-2015 to 9.74 15923.46 10.62 16572.34 8.53 15063.68  Utilities 1.28% 30-09-2020) Cash 4.14% Since Inception (29-03-  7.25 31782.90 11.71 62284.66 13.35 79226.68 2004 to 30-09-2020) Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growthoption. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. ^ Growth Option Please refer page 33 for annexure of returns for all scheme managed by the fund manager. 30 Annexure for returns of all the schemes (as on 30th September 2020)

1 Year 3 Years 5 Years Since Inception Date of Scheme Name CAGR (%) CAGR (%) CAGR (%) CAGR (%) Inception FUNDS MANAGED BY Mr. Ravi Gopalakrishnan (TOTAL SCHEMES MANAGED : 9 SCHEMES) Principal Emerging Bluechip Fund 6.26 2.35 10.07 22.21 12-11-2008 NIFTY Large Midcap 250 Index - TRI 4.78 3.78 9.18 15.99 Principal Focused Multicap Fund 4.65 5.50 8.25 13.66 11-11-2005 S&P BSE 250 Large Midcap - TRI 1.20 4.94 8.81 12.04 Principal Dividend Yield Fund 4.55 4.08 9.67 11.18 15-10-2004 Nifty Dividend Opportunities 50 - TRI -5.16 1.92 7.88 NA Principal Multi Cap Growth Fund 0.45 0.71 8.16 14.00 25-10-2000 Nifty 500 Index - TRI 1.02 3.97 8.31 14.53 Principal Balanced Advantage Fund (Equity Portion) 5.42 3.77 5.36 8.15 50% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 16-12-2010 4.47 6.74 8.35 8.61 15% Nifty Arbitrage Index Principal Retirement Savings Fund 1.84 2.18 NA 4.86 (Conservative Plan) 14-12-2015 30% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 4.33 6.89 NA 8.06 Principal Retirement Savings Fund -1.81 0.85 NA 5.89 (Progressive Plan) 14-12-2015 Nifty 200 Full Marketcap Index - TRI -0.12 4.47 NA 9.40 Principal Retirement Savings Fund 2.59 2.45 NA 5.47 (Moderate Plan) 14-12-2015 CRISIL Hybrid 35+65 - Aggressive Index** 6.16 6.91 NA 10.12 Principal Hybrid Equity Fund (Equity Portion) 2.24 2.55 8.80 10.27 14-01-2000 CRISIL Hybrid 35+65 - Aggressive Index** 6.16 6.91 9.31 NA Principal Small Cap Fund 22.21 NA NA 13.44 13-05-2019 Nifty SmallCap 100 Index 5.20 NA NA -1.96 FUNDS MANAGED BY Mr. Sudhir Kedia (TOTAL SCHEMES MANAGED : 3 SCHEME) Principal Tax Savings Fund 0.60 0.48 7.96 14.89 31-03-1996 Nifty 500 Index - TRI$ 1.02 3.97 8.31 12.68 Principal Personal Tax Saver Fund 0.15 -0.19 4.45 17.76 31-03-1996 Nifty 500 Index - TRI$ 1.02 3.97 8.31 12.68 Principal Equity Savings Fund (Equity Portion) 5.99 4.55 5.93 7.60 23-05-2002 Nifty Equity Savings Index 5.29 6.90 7.77 - FUNDS MANAGED BY Mr. Gurvinder Singh Wasan (TOTAL SCHEME MANAGED : 3 SCHEMES) Principal Short Term Debt Fund 9.68 4.13 5.75 7.23 09-05-2003 CRISIL Short Term Bond Fund Index 9.86 8.22 8.31 7.43 Principal Equity Savings Fund (Debt Portion) 5.99 4.55 5.93 7.60 23-05-2002 Nifty Equity Savings Index 5.29 6.90 7.77 NA FUNDS MANAGED BY Mr. Rajat Jain (TOTAL SCHEMES MANAGED : 3 SCHEMES) Principal Nifty 100 Equal Weight Fund -2.83 -0.58 4.00 9.37 27-07-1999 Nifty 100 Equal Weight - TRI -0.36 -0.39 5.95 NA Principal Arbitrage Fund 2.55 1.98 NA 3.11 21-04-2016 Nifty 50 Arbitrage Index 2.96 4.64 NA 4.90 Principal Global Opportunities Fund 11.90 4.63 9.74 7.25 29-03-2004 MSCI All Country World Small Cap Index - TRI 7.90 6.54 10.62 11.71 FUNDS MANAGED BY MS. Bekxy Kuriakose (TOTAL SCHEMES MANAGED : 6 SCHEMES) Principal Hybrid Equity Fund (Debt Portion) 2.24 2.55 8.80 10.27 14-01-2000 CRISIL Hybrid 35+65 - Aggressive Index** 6.16 6.91 9.31 NA Principal Balanced Advantage Fund (Debt Portion) 5.42 3.77 5.36 8.15 50% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 16-12-2010 4.47 6.74 8.35 8.61 15% Nifty Arbitrage Index Principal Cash Management Fund 4.33 2.96 4.69 6.72 30-08-2004 CRISIL Liquid Fund Index 5.17 6.58 6.82 7.04 Principal Low Duration Fund 5.53 0.02 3.20 6.34 14-09-2004 CRISIL Low Duration Debt Index 7.74 7.83 7.97 7.59 Principal Ultra Short Term Fund 4.63 4.10 5.43 6.17 28-12-2007 Nifty Ultra Short Duration Debt Index 6.26 7.33 7.43 8.36 FUNDS MANAGED BY MR. SIDDARTH MOHTA (TOTAL SCHEME MANAGED : 1 SCHEME) Principal Multi Cap Growth Fund 0.45% 0.71% 8.16% 14.00% 25-10-2000 Nifty 500 Index - TRI 1.02% 3.97% 8.31% 14.53% Principal Small Cap Fund 22.21% NA NA 13.44% 13-05-2019 Nifty SmallCap 100 Index 5.20% NA NA -1.96% FUNDS MANAGED BY Mr. Ashish Aggarwal (TOTAL SCHEME MANAGED : 1 SCHEME) Principal Hybrid Equity Fund (Equity Portion) 2.24 2.55 8.80 10.27 14-01-2000 CRISIL Hybrid 35+65 - Aggressive Index** 6.16 6.91 9.31 NA Principal Arbitrage Fund was launched on 21st Apr 2016 and is yet to complete 5 years of performance. Principal Retirement Savings Fund (Conservative Plan, Progressive Plan & Moderate Plan) was launched on 14th Dec 2015 and is yet to complete 5 years of performance. 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. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Mr. Ravi Gopalakrishnan manages Principal Emerging Bluechip Fund, Principal Focused Multicap Fund, and Principal Dividend Yield Fund (w.e.f. October 2019). Mr. Ravi Gopalakrishnan manages Principal Multi Cap Growth Fund, Principal Balanced Advantage Fund - Equity Portion, and Principal Retirement Savings Fund (Conservative Plan-Progressive Plan-Moderate Plan) & Principal Small Cap Fund (w.e.f. July 2019) Mr. Sudhir Kedia manages Principal Tax Savings Fund, Principal Personal Tax Saver Fund and Principal Equity Savings Fund - Equity Portion (w.e.f. October 2019) Mr. Ravi Gopalakrishnan manage Principal Hybrid Equity Fund - Equity Portion, Mr. Bekxy Kuriakose - Debt Portion and Mr. Ashish Aggrawal - Associate Fund Manager (w.e.f. October 2019) Mr. Siddarth Mohta has been appointed as a Associate Fund Manager of Principal Multi Cap Growth Fund (w.e.f. August 2018) & Principal Small Cap Fund (w.e.f. May 2019) Ms. Bekxy Kuriakose manages Principal Cash Management Fund, Principal Low Duration Fund & Principal Ultra Short Term Fund (w.e.f. May 2019) Mr. Ravi Gopalakrishnan & Mr. Sudhir Kedia manages Principal Midcap Fund (w.e.f. December 2019) Mr. Gurvinder Singh Wasan manages Principal Short Term Debt Fund (w.e.f. April 2011), Principal Equity Savings Fund - Debt Portion (w.e.f. May, 2019) Mr. Rajat Jain manages Principal Nifty 100 Equal Weight Fund (w.e.f. August 2015), Principal Arbitrage Fund (w.e.f. April 2016) and Principal Global Opportunities Fund (w.e.f. March 2004) Ms. Bekxy Kuriakose manages Principal Hybrid Equity Fund- Debt Portion (w.e.f. Mar 2016), Principal Balanced Advantage Fund - Debt Portion (w.e.f. January 01, 2018) ** The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200. $As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 500 Index PRI values from date 31-03-1996 to 26-11-1998 and TRI values since 26-11-1998. Note: Performance of Principal Midcap Fund is not given as the scheme has not completed 1 year.

31 Official Point of Acceptance (OPA) / Investor Service Centres (ISC)

Principal Asset Management Private Limited (Formerly known as Principal Pnb Asset Management Company Private Limited) - OPA & ISC:

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

• New : A-121, 12th Floor, Himalaya House, 23 K. G. Marg, New Delhi-110 001.

• Ahmedabad: 301, 3rd Floor, Amarnath Business Centre-2, St. Xaviers College Corner, Off. C. G. Road, Navrangpura, Ahmedabad - 380 009.

• Bengaluru: 410, 4th Floor, Prestige Meridian -1, No. 29, M. G. Road, Bengaluru - 560 001.

• Chandigarh: SCO NO 2471-72, 2ND Floor, Sector 22C, Chandigarh, Pincode - 160 022.

• Jaipur: Office No. 445, 4th Floor, Ganpati Plaza, M. I. Road, Jaipur-302 005

• Pune: Office No.2, 2nd Floor, Aditya Centeegra, Ferguson College Road, Dnyaneshwar Paduka Chowk, Shivajinagar, Pune - 411 004.

• Chennai: “Amara Sri”, Old No. 313, New No. 455, Block No. 75, 7th Floor, Anna Salai, Teynampet, Chennai-600 018

• Hyderabad: Regus Solitaire Business Centre Pvt Ltd. Level 4, Gumidelli Towers, Old Airport Road, Begumpet, Hyderabad - 500 016.

• : The Legacy, 1st Floor, 25-A, Shakespeare Sarani, Kolkata-700 016

• Lucknow: 406, 4th Floor, Regus Business Centre, Halwasiya Court, Hazratganj, Lucknow-226 001.

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

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

Name, Address and Website of Registrar:

KFin Technologies Private Limited (Unit: Principal Mutual Fund), Karvy Selenium Tower B, Plot number 31 & 32, Financial District, Nanakramguda, Serilingampally Mandal | Hyderabad – 500032. Telangana, India • www.kfintech.com

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

32