Mutual Fund FUNDS INSIGHT March, 2021

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

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g h Investors understand that their principal will be at moderately high risk

1 Mutual Fund Investments are subject to market risk, read all scheme related documents carefully. 2 Index

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

1 EQUITY & DEBT MARKET OUTLOOK

Equity Markets Round Up: February 2021 After outperforming developed markets for the past two months, EMs underperformed developed markets in the month of February. The MSCI EM (USD) index was up 0.73% during the month while the MSCI World (USD) index, which tracks DMs was up 2.45%. Globally, February was a month of two halves, with the markets doing well in the first half on the back of improved global economic outlook, mass vaccination drives, upbeat corporate earnings and continued liquidity and fiscal support. However, markets cooled in the second half on account of higher bond yields and rising inflation concerns both due to higher commodity prices and as they expected the proposed additional stimulus in the US to fuel consumption. The US 10-year sovereign yields rose from 1.07% to 1.45%, their fastest rise since 2017. According to a CARE study, bond yields went up in all the major economies during the month. Across EM, equity funds saw net inflows of USD 20.7 BN during the month (JPM data). FPI flows into Indian equity during the month were Rs. 25,800 crores (USD 3.54 Bn approx.), with 80% of these coming in the first half of the month. Mutual Funds were net sellers of equity for the ninth consecutive month (net sale of Rs. 16,300 crores). In this backdrop, India was among the best performing markets in the EM universe. The MSCI India (USD) index was up nearly 4.5%, substantially outperforming the MSCI EM index. The midcap and the small cap indices did much better than the large cap Nifty/ Sensex. The Indian markets were driven by the post budget rally as a growth oriented budget pushed the market to all time highs. However, the large borrowing programme of the government for FY22, and additional market borrowing for FY 21, along with sticky core inflation spooked investors in G-Secs, which coupled with global factors mentioned above pulled down the market from the highs achieved in early February. In terms of sectors, cyclicals like financials, metals and energy did well. Utilities, which haven’t done well for a while, also were a strong performer. IT, FMCG and healthcare underperformed during the month. The PSU index did well too, as the markets played on the privatisation potential in many of these companies. Commodity prices further rallied, with Brent crude up nearly 18% during the month, Copper was up 16%, and Cotton up 10%. The London Metal Exchange index of 6 industrial metals is now up 49% over the past year. (Iron ore and copper are almost at a ten year high). OPEC+, at their latest meeting have announced plans to keep crude production broadly steady through April, which has led to a further rally in crude prices in early March. The GDP growth for Q3, FY 21 came in at 0.4% YoY, which was slightly below market expectations, esp. given the very strong results from corporates. The downside came from two areas. The trade, hotels and transport sector continued to contract (likely pulled down by the informal sector) and the government sector also contracted, which was a surprise, as the central government, after going slow in Q2, had picked up spending in Q3. This means that the state governments are pulling back on spending. In other macro news, while headline CPI softened, core inflation (ex – food, ex -energy) remained firm. Activity indicators continue to remain firm, with rail freight, power demand, e-way bill generation etc. holding up. Rail freight (Ton-Km) was up 10% YoY in January, and by a similar number in the first half of February. Initial numbers for exports for the month of February are almost identical to the figure a year ago. The results for Q3 were strong, and upgrades by sell side analysts easily outnumbered the numberof downgrades by a factor of 7:2 (Motilal Oswal Securities Research). Outlook As said above, economic activity is rising steadily, tax revenues are strong, and companies feel confident to pass on the input cost pressures. We will need to watch carefully the data on inflation as input costs have risen very sharply. Further, despite assurances of central banks across economies of supportive monetary policy, bond yields have hardened as economic conditions improve. Central banks will have to be careful in managing market expectations of no disorderly exit from an easy monetary policy regime. We however think that liquidity will continue to be easy. However, as bond yields rise in the developed markets, it is possible that flows to EMs may be impacted in the near term, leading to increased volatility. In terms of the corporate sector, while the sharp rise in input costs will be more of a challenge for the informal sector, the larger companies could come out ahead. Investors should focus on having a well diversified portfolio and investing in companies with quality businesses, having moderate levels of debt and visibility of growth as these generally should do well over the medium to long term.

Growth Indicators January-21 February-21 Data Item 1 Month 1 year FII net flows (Rs. Crs) 19,473 25,787 MSCI EM Index (USD) 0.73 33.19 Mutual Fund net flows (Rs. Crs) -12,980 -16,306 MSCI EM Index Local 1.00 31.51 Exports (USD Billion) 27.20 27.45 MSCI World Index (USD) 2.45 27.36 Nifty 100 Equal Weight Index 8.60 37.80 Imports (USD Billion) 42.60 41.99 Indian Rupee -0.70 -1.79 CPI 4.59 4.06 Dollar Index (DXY) 0.33 -7.39 IIP -1.90 1.00 Crude Oil- Brent 18.34 30.90 Data as on 26th February 2021. Souce: Bloomberg, NSDL and Sebi CRB Index 6.14 23.14 websites Gold -6.15 9.36 Copper 15.54 61.08 Iron Ore 5.97 106.47 Cotton (Cotlook A Index) 9.82 33.94 JP Morgan EM FX Index -0.55 -2.57 Data as on 26th February 2021. Source: Bloomberg, NSDL and Sebi websites 2 Performance As on February 26, 2021*

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 22938 3.66 13.95 29.70 47.33 Nifty 50 14529 6.56 12.03 27.59 29.70 S&P BSE Bankex 38981 12.46 15.04 44.52 16.65 S&P BSE Sensex 49100 6.08 11.21 27.11 28.21 S&P BSE CD 31758 5.51 17.42 39.54 21.44

S&P BSE 100 14724 6.71 12.82 28.25 30.39 S&P BSE CG 21519 10.46 26.41 56.60 39.76 S&P BSE FMCG 11967 -2.06 2.06 5.45 9.15 S&P BSE 200 6215 7.34 13.40 29.33 31.71 S&P BSE HC 20856 1.10 2.64 13.42 54.71 S&P BSE 500 19371 7.77 13.98 30.10 32.43 S&P BSE METAL 13719 24.37 34.25 55.30 66.48 S&P BSE MID CAP 19979 10.49 18.11 36.27 36.84 S&P BSE Oil & Gas 15543 12.54 17.30 18.80 23.16

S&P BSE SMALL CAP 20155 12.05 19.44 40.59 47.02 S&P BSE PSU 7013 22.49 32.46 36.35 19.26 S&P BSE Teck 11233 -1.30 12.67 29.06 49.12 *Performance for less than one year are absolute returns. Source - MFI Explorer

Fixed Income Market Update: February 2021 • During the month yields rose across short to long end of the curve except the 3 month segment where rates fell. In case of the former it was mainly due to fiscal concerns, rising crude oil prices and upward rise in global bond yields. In case of short 3M money market rates the ample banking system liquidity, low supply and demand from MFs helped to bring rates down. • As per RBI MPC Review conclusion announced on 5th Feb key rates remained unchanged and stance was maintained at accommodative. RBI also extended the dispensation of enhanced HTM of 22 percent upto 31st March 2023 and would include securities purchased upto 31st March 2022. The CRR cut done in March 2021 would be rolled back in 2 phased of 50 bps each. RBI mentioned that this rollback and withdrawal of liquidity would give space for additional OMOs. • India's fiscal deficit for the period April to Janury 2021 has come in at around 12.34 lakh crore, which is 66.8% per cent of the Budget Revised estimates. • The ten yr gilt benchmark rose during the month to end at 6.18%, 27 bps higher than previous month. • Corporate bonds yields also rose sharply. The 5 yr AAA benchmark and the 10 yr AAA benchmark ended the month at 6.26% and 7.18% respectively compared to 5.70% and 6.66% in the previous month. • 1 year CD rates closed at 4.25%, 28 bps higher than previous month. 3 month CD rates closed at 3.14, 20 bps lower than previous month. • Brent Crude Oil prices rose during the month as positive news on the vaccine front led to expectations of economic recovery. It ended the month at USD 66.05 per barrel from USD 54.84 per barrel in previous month. INR appreciated to 72.42 during the month from 72.95 in previous month. For the month of February, FPIs were net sellers in the debt market to the tune of Rs 9662 cr. 10 yr US treasury yields rose during the month to end at 1.52% compared to 1.07% at previous month end. • CPI inflation for January came in at 4.06% compared to 4.59% (revised) in previous month reflecting some moderation. • December Industrial production (IIP) growth came at 1% compared to -1.9% for previous month. • Banking System Liquidity remains ample. For the month of February the monthly average surplus was Rs 6.09 lakh cr. • During the month RBI conducted Gsec OMOs and substantial creeping secondary market purchases to support gilt yields which had begun rising sharply post Budget. This helped to mitigate the rise somewhat. • Towards the end of the month GDP data was released for the Oct-Dec 2020 quarter. Real GDP growth came in at 0.4% reflecting recovery as lockdown measures eased and cases went down. For the full year analysts estimate GDP growth to be in range of -6% to -8%. Outlook: • We expect Banking System liquidity to remain comfortable in the range of Rs 5 to 6 lakh crores for the month of March. Short term CD and CP rates and Overnight rates should remain stable and low given the ample banking system liquidity. • We expect gilt yields and corporate bond yields to remain under pressure given the rise in global bond yields and supply pressure domestically. • However any sharp rise in yields may get tempered with RBI actions including OMO purchases.

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 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 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 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. 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 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 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 Large Cap Fund • Long term Capital Growth. (An open ended equity scheme predominantly • Investment predominantly in equity and equity-related securities of large cap investing in large cap stocks) • companies. • 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 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.

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 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)

• 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 rule based systematic allocation of Funds between Equity & Debt.

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 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 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.

~ Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

5 NAV (Net Asset Value)

Equity Funds (As on February 26, 2021)

Principal Emerging Bluechip Fund (`) Principal Multi Cap Growth Fund (`) Principal Tax Savings Fund (`) Regular Plan - Growth 142.10 Regular Plan - Growth 178.42 Regular Plan - Growth 262.87 Regular Plan - Half Yearly Dividend Option 52.43 Regular Plan - Half Yearly Dividend Option 42.15 Regular Plan - Half Yearly Dividend Option 262.87 Direct Plan - Growth 153.73 Direct Plan - Growth 189.68 Direct Plan - Growth 274.22 Direct Plan - Half Yearly Dividend Option 114.28 Direct Plan - Half Yearly Dividend Option 54.28 Direct Plan - Half Yearly Dividend Option 274.22

Principal Nifty 100 Equal Weight Fund (`) Principal Focused Multicap Fund (`) Principal Dividend Yield Fund (`) Regular Plan - Growth 89.1791 Regular Plan - Growth 89.12 Regular Plan - Growth 68.64 Regular Plan - Dividend 52.4122 Regular Plan - Half Yearly Dividend Option 32.04 Regular Plan - Half Yearly Dividend Option 27.60 Direct Plan - Growth 92.1639 Direct Plan - Growth 94.35 Direct Plan - Growth 71.62 Direct Plan - Dividend 54.1634 Direct Plan - Half Yearly Dividend Option 33.31 Direct Plan - Half Yearly Dividend Option 39.72

Principal Small Cap Fund (`) Principal Midcap Fund (`) Principal Personal Tax Saver Fund (`) Regular Plan - Growth 15.73 Regular Plan - Growth 13.54 Regular Plan - Growth 245.27 Regular Plan - Dividend 15.73 Regular Plan - Dividend 13.54 Direct Plan - Growth 256.02 Direct Plan - Growth 16.25 Direct Plan - Growth 13.86 Direct Plan - Dividend 16.25 Direct Plan - Dividend 13.86

Principal Large Cap Fund (`) Regular Plan - Growth 12.08 Regular Plan - Dividend 12.08 Direct Plan - Growth 12.18 Direct Plan - Dividend 12.18

Hybrid Funds (As on February 26, 2021)

Principal Hybrid Equity Fund (`) Principal Balanced Advantage Fund (`) Principal Equity Savings Fund (`) Regular Plan - Growth 93.49 Regular Plan - Growth 22.99 Regular Plan - Growth 44.0328 Regular Plan - Monthly Dividend Option 25.35 Regular Plan - Monthly Dividend Option 13.72 Regular Plan - Quaterly Dividend Option 14.3034 Direct Plan - Growth 101.72 Direct Plan - Growth 25.22 Regular Plan - Half Yearly Dividend Option 13.5692 Direct Plan - Monthly Dividend Option 36.27 Direct Plan - Monthly Dividend Option 15.70 Direct Plan - Growth 47.5871 Direct Plan - Quaterly Dividend Option 18.6615 Direct Plan - Half Yearly Dividend Option 13.5501

Principal Arbitrage Fund (`) Regular Plan - Growth 11.5450 Regular Plan - Monthly Dividend Option 10.1507 Direct Plan - Growth 11.8615 Direct Plan - Monthly Dividend Option 10.2577

Fixed Income Funds (As on February 26, 2021)

Principal Cash Management Fund* (`) Principal Low Duration Fund (`) Principal Short Term Debt Fund (`) Regular Plan - Growth 1801.7254 Regular Plan - Growth 2719.7964 Regular Plan - Growth 34.0868 Regular Plan - Daily Dividend Option 1000.8893 Regular Plan - Daily Dividend Option 928.5908 Regular Plan - Monthly Dividend Option 12.7079 Regular Plan - Weekly Dividend Option 1006.6014 Regular Plan - Weekly Dividend Option 928.7442 Direct Plan - Growth 36.0280 Regular Plan - Monthly Dividend Option 1023.6414 Regular Plan - Monthly Dividend Option 1053.3050 Direct Plan - Monthly Dividend Option 12.7498 Direct Plan - Growth 1812.3780 Direct Plan - Growth 2833.9027 Direct Plan - Daily Dividend Option 1000.6367 Direct Plan - Daily Dividend Option 934.1156 Direct Plan - Weekly Dividend Option 1007.0617 Direct Plan - Weekly Dividend Option 932.7146 Direct Plan - Monthly Dividend Option 1023.6845 Direct Plan - Monthly Dividend Option 1059.7521

Principal Ultra Short Term Fund (`) Regular Plan - Growth 2170.0810 Regular Plan - Daily Dividend Option 1005.4300 Regular Plan - Weekly Dividend Option 1018.9877 Regular Plan - Monthly Dividend Option 1059.5519 Direct Plan - Growth 2252.1892 Direct Plan - Monthly Dividend Option 1059.8053

Fund of Funds (As on February 26, 2021)

Principal Global Opportunities Fund (`) Regular Plan - Growth 41.2810 Regular Plan - Dividend 41.2810 Direct Plan - Growth 42.6829 Direct Plan - Dividend 42.6829

*As on February 28, 2021

6 Principal Fixed Income Funds Snapshot (As on February 28, 2021) 2.86 3.93 4.73 22.87 27.28 24.98 13.35

NIL 3.47% 204.42 81 Days 85 Days 84 Days Principal Ultra Short Term Fund Term Short Ultra Principal Ultra Short Duration Ultra instruments Market Money and Debt in Invest such that Macaulay duration of the portfolio 3-6 months is between Short Duration Ultra Nifty Index Debt NA NA NA 6.47 57.50 22.23 13.80 NIL 3 Yrs 3 5.18% 152.13 2.49 Yrs 2.49 2.64 Yrs Yrs 2.64 Principal Short Term Debt Fund Debt Term Short Principal Short Duration Invest in Debt and Money Market such that instruments Macaulay duration of the portfolio is years 1-3 between Index Bond Fund Term Short CRISIL 3.78 3.85 6.90 3.90 5.46 61.01 15.10 NIL 3.97% 103.27 219 Days 236 Days 234 Days Fund Details Rating Break up Break Rating Asset Allocation Asset Principal Low Duration Fund Duration Low Principal Low Duration Low such instruments Market Money and Debt in Invest the portfolio is between of duration Macaulay that 6-12 months Index Debt Duration Low CRISIL

NA NA NA 1.08 20.97 43.16 34.79 0.0070% 0.0065% 0.0060% 0.0055% 0.0050% 0.0045% 0.0000% Exit load as a % of load Exit redemption proceeds redemption

3.11% 185.05 15 Days 15 Days 15 Days Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Day subscription Day 7 onwards Day Principal Cash Management Fund Cash Management Principal Investor exit upon exit Investor * with effect from October 20, 2019. 20, October from with effect * Liquid Invest in debt and money market securities 91 days with to up maturity Index Liquid Fund CRISIL Certificate of Deposits of Certificate Paper Commercial BONDS & NCD Sovereign SECURITIES GOVERNMENT STATE Bills Treasury Assets Cash and Other        Category Positioning Index Benchmark AUM End Month YTM Modified Duration Maturity Average Duration Macaulay Load* Exit Features

7 Systematic Investment Plan (SIP) Returns (As on February 26, 2021) 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 74.33 1,63,090 80.52 1,66,406 66.33 1,58,761 3 Years SIP 3,60,000 21.54 4,92,259 21.96 4,95,122 19.47 4,78,297 5 Years SIP 6,00,000 15.95 8,92,676 16.37 9,01,955 15.70 8,87,303 7 Years SIP 8,40,000 15.88 14,77,184 15.06 14,35,017 13.64 13,63,994 10 Years SIP 12,00,000 18.91 32,42,536 15.68 27,25,486 13.41 24,12,890 Since Inception SIP 14,70,000 18.82 50,88,972 15.26 39,86,993 13.03 34,28,566 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 59.74 1,55,148 56.88 1,53,565 66.33 1,58,761 3 Years SIP 3,60,000 18.14 4,69,499 14.07 4,43,232 19.47 4,78,297 5 Years SIP 6,00,000 14.82 8,68,410 11.75 8,05,023 15.70 8,87,303 7 Years SIP 8,40,000 13.65 13,64,446 10.84 12,34,431 13.64 13,63,994 10 Years SIP 12,00,000 13.71 24,51,867 10.92 21,13,151 13.41 24,12,890 Since Inception SIP 19,60,000 12.16 57,94,290 NA NA 12.67 60,82,578 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 68.20 1,59,779 70.70 1,61,133 66.33 1,58,761 3 Years SIP 3,60,000 22.76 5,00,609 20.22 4,83,326 19.47 4,78,297 5 Years SIP 6,00,000 16.79 9,11,221 15.77 8,88,901 15.70 8,87,303 7 Years SIP 8,40,000 14.52 14,07,652 14.11 13,87,044 13.64 13,63,994 10 Years SIP 12,00,000 14.52 25,61,168 14.22 25,20,164 13.41 24,12,890 Since Inception SIP 18,30,000 13.54 56,35,803 12.84 52,99,956 12.19 50,07,705 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 Multicap 50:25:25 - 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 68.90 1,60,158 85.00 1,68,784 66.33 1,58,761 3 Years SIP 3,60,000 17.53 4,65,541 21.58 4,92,498 19.47 4,78,297 5 Years SIP 6,00,000 13.47 8,40,001 15.29 8,78,435 15.70 8,87,303 7 Years SIP 8,40,000 12.92 13,29,400 13.94 13,78,723 13.64 13,63,994 10 Years SIP 12,00,000 14.80 25,99,465 14.73 25,89,107 13.41 24,12,890 Since Inception SIP 24,40,000 14.87 1,37,23,008 NA NA 14.78 1,35,56,026 Inception Date - October 25, 2000 Principal Small Cap Fund - Growth Scheme’s Returns Scheme’s Bechmark (Nifty Smallcap 100 TRI) Additional Bechmark (Nifty 50 TRI) Particulars Total Amount Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 97.20 1,75,183 121.78 1,87,746 66.33 1,58,761 Since Inception SIP 2,10,000 53.67 3,17,116 52.31 3,14,266 32.09 2,72,814 Inception Date - May 13, 2019

SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN & MR. SUDHIR KEDIA

Principal Midcap Fund - Growth Scheme’s Returns Scheme’s Bechmark (Nifty Midcap 100 TRI) Additional Bechmark (Nifty 50 TRI) Particulars Total Amount Invested (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) 1 Year SIP 1,20,000 79.09 1,65,644 97.53 1,75,354 66.33 1,58,761 Since Inception SIP 1,40,000 64.23 1,92,328 77.14 2,02,358 52.88 1,83,399 Inception Date - Dec 30, 2019

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 30. 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. Ravi Gopalakrishnan & Mr. Siddarth Mohta manages Principal Small Cap Fund (w.e.f. May 2019). Mr. Ravi Gopalakrishnan & Mr. Sudhir Kedia manages Principal Midcap Fund (w.e.f. Dec 2019). 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 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 February 26, 2021)

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 32.37 1,39,648 23.67 1,34,523 1.06 1,20,674 3 Years SIP 3,60,000 13.07 4,36,929 11.58 4,27,636 7.64 4,03,790 5 Years SIP 6,00,000 10.03 7,71,495 10.15 7,73,788 6.85 7,12,816 7 Years SIP 8,40,000 9.05 11,58,271 9.51 11,77,313 7.32 10,89,030 10 Years SIP 12,00,000 8.36 18,45,971 9.66 19,77,540 7.35 17,50,714 Since Inception SIP 22,50,000 7.86 49,80,758 NA NA 6.68 43,92,488 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 + Additional Benchmark Total Amount Scheme’s Returns 35% Crisil Short Term Bond Index + 15% (Nifty 50 - TRI) Particulars 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 17.81 1,31,015 32.15 1,39,519 66.33 1,58,761 3 Years SIP 3,60,000 7.32 4,01,854 13.59 4,40,199 19.47 4,78,297 5 Years SIP 6,00,000 6.40 7,04,826 11.58 8,01,829 15.70 8,87,303 7 Years SIP 8,40,000 6.45 10,56,024 10.80 12,32,920 13.64 13,63,994 10 Years SIP 12,00,000 8.42 18,52,568 11.00 21,22,644 13.41 24,12,890 Since Inception SIP 12,20,000 8.44 18,99,128 10.96 21,75,090 13.30 24,70,311 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 50.44 1,49,974 44.10 1,46,394 66.33 1,58,761 3 Years SIP 3,60,000 14.62 4,46,734 17.12 4,62,817 19.47 4,78,297 5 Years SIP 6,00,000 12.28 8,15,767 13.83 8,47,538 15.70 8,87,303 7 Years SIP 8,40,000 12.05 12,89,190 12.71 13,19,670 13.64 13,63,994 10 Years SIP 12,00,000 13.12 23,76,479 12.69 23,21,988 13.41 24,12,890 Since Inception SIP 25,30,000 13.31 1,23,01,954 10.70 88,15,273 14.58 1,45,03,511 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 7.38 1,24,629 5.45 1,23,428 1.25 1,20,790 3 Years SIP 3,60,000 4.77 3,86,949 8.41 4,08,328 7.64 4,03,787 5 Years SIP 6,00,000 4.66 6,74,790 8.04 7,34,309 6.85 7,12,826 7 Years SIP 8,40,000 5.34 10,14,899 8.15 11,21,540 7.32 10,89,040 10 Years SIP 12,00,000 6.19 16,48,321 8.36 18,46,666 7.35 17,50,734 Since Inception SIP 21,30,000 7.05 41,51,681 7.98 45,57,699 6.73 40,19,562 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 72.72 1,62,226 76.25 1,64,125 66.33 1,58,761 3 Years SIP 3,60,000 17.35 4,64,322 19.23 4,76,695 19.47 4,78,297 5 Years SIP 6,00,000 11.97 8,09,439 13.20 8,34,488 15.70 8,87,303 7 Years SIP 8,40,000 10.13 12,03,961 11.95 12,84,527 13.64 13,63,994 10 Years SIP 12,00,000 10.34 20,49,823 12.80 23,35,611 13.41 24,12,890 Since Inception SIP 25,90,000 11.56 1,05,72,129 NA NA 14.47 1,56,08,685 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 30. 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 Large Cap Fund is not given as the scheme has not completed 1 year. 9 Systematic Investment Plan (SIP) Returns (As on February 26, 2021)

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 70.49 1,61,021 72.06 1,61,867 66.33 1,58,761 3 Years SIP 3,60,000 18.05 4,68,942 19.92 4,81,312 19.47 4,78,297 5 Years SIP 6,00,000 13.63 8,43,345 15.25 8,77,640 15.70 8,87,303 7 Years SIP 8,40,000 12.97 13,32,052 13.67 13,65,740 13.64 13,63,994 10 Years SIP 12,00,000 14.86 26,07,468 13.87 24,72,906 13.41 24,12,890 Since Inception SIP 29,20,000 16.60 3,22,78,870 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 71.22 1,61,413 72.06 1,61,867 66.33 1,58,761 3 Years SIP 3,60,000 17.94 4,68,232 19.92 4,81,312 19.47 4,78,297 5 Years SIP 6,00,000 12.09 8,11,972 15.25 8,77,640 15.70 8,87,303 7 Years SIP 8,40,000 10.65 12,26,401 13.67 13,65,740 13.64 13,63,994 10 Years SIP 12,00,000 11.60 21,90,855 13.87 24,72,906 13.41 24,12,890 Since Inception SIP 29,80,000 16.89 3,65,49,163 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 30. 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. 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.

10 Principal Large Cap Fund (An open ended equity scheme predominantly investing in large cap stocks)

Investment Objective: To achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities of Large Cap companies including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved Data As on February 28, 2021

Fund Details Portfolio

Rating / % of Rating / % of Name Name Minimum Investment Amount (`) Industry NAV Industry NAV Lumpsum Special Products Banks 24.99 Pesticides 1.26 ` ` £ New Investor- 5,000 SIP- 500 HDFC Bank Ltd. 7.38 UPL Ltd. 1.26 Existing Investor- ` 1,000 STP- ` 1000§ ICICI Bank Ltd. 7.22 Auto Ancillaries 1.19 RWP- ` 500§ State Bank of India 3.37 £12 installments each §6 installments each Bosch Ltd. 1.19 Axis Bank Ltd. 3.03 Ferrous Metals 0.75 Asset Under Managment (` Cr) IndusInd Bank Ltd. 2.16 Tata Steel Ltd. 0.75 MAAUM: 382.57 Kotak Mahindra Bank Ltd. 1.83 Other Equities* 6.62 AUM: 382.28 ` Consumer Non Durables 9.59 Total Equity 82.48 Britannia Industries Ltd. 2.55 Foreign Securities 11.86 Load Structure Hindustan Unilever Ltd. 2.32 Technology Hardware Entry Load: NIL Apple Inc. and Equipment ^^ 1.07 Godrej Consumer Products Ltd. 1.65 Exit Load: If redeemed/ switched on Alphabet Inc. Class A Media & 1.02 or before 365 days from the date of Tata Consumer Products Ltd. 1.07 Entertainment ^^ Jpmorgan Chase & Co. Banks ^^ 1.00 allotment:Nil for redemption/ switch out ITC Ltd. 1.07 of units upto 24% of the units allotted (the Microsoft Corporation Software & Services 0.90 Dabur India Ltd. 0.93 ^^ limit) Software & Services 1% on redemption in excess of 24% of the Software 8.88 Paypal Holdings Inc. ^^ 0.88 limit stated above- Redemption of Infosys Ltd. 4.45 Consumer Durables & Nike Inc. Class B Apparel ^^ 0.85 units would be done on First in First out Ba- Tata Consultancy Services Ltd. 2.56 sis (FIFO) Amazon.Com Inc Retailing ^^ 0.84 HCL Technologies Ltd. 1.87 Media & Nil thereafter. (w.e.f. Oct 19, 2020) Facebook Inc. Class A Entertainment ^^ 0.78 Petroleum Products 8.25 Semiconductors Allotment Date & Benchmark Reliance Industries Ltd.# 6.38 Nvidia Corporation & Semiconductor 0.72 Allotment Date Equipment ^^ Bharat Petroleum Corporation Ltd. 1.87 Regular Plan: Oct 19, 2020 Mastercard Software & Services 0.71 Finance 5.90 Incorporated Class A ^^ Direct Plan: Oct 19, 2020 Pharmaceuticals Benchmark: Nifty 100 index - TRI SBI Cards & Payment Services Ltd. 1.96 Eli Lilly & Co. Biotechnology & Life 0.71 SBI Life Insurance Company Ltd. 1.29 Sciences ^^ Pharmaceuticals Plans Regular Plan & Direct Plan. Both the Housing Development Finance Corporation Ltd. 1.06 Johnson & Johnson Biotechnology & Life 0.70 Plans offer Growth & Dividend Option. Sciences ^^ Bajaj Finance Ltd. 0.83 Options The Dividend Option under both Home Depot Inc. Retailing ^^ 0.59 the Plans will have the facility of Payout, Bajaj Finserv Ltd. 0.76 Reinvestment and Sweep. Thermo Fisher Pharmaceuticals Pharmaceuticals 5.49 Biotechnology & Life 0.57 Scientific Inc. Sciences ^^ Fund Manager Details Dr. Reddy's Laboratories Ltd. 1.76 Colgate-Palmolive Household & Personal 0.52 Name: Mr. Sudhir Kedia & Cipla Ltd. 1.58 Company Products ^^ Mr. Anirvan Sarkar (for foreign investments) Sun Pharmaceutical Industries Ltd. 1.26 Treasury Bills 0.05 Managing Since: Oct 2020 & Oct 2020 91 DAY T-BILL Sovereign 0.05 Total Experience: 14 years & 9 years Divi's Laboratories Ltd. 0.89 TREPS / Reverse 6.08 Telecom - Services 3.77 Repo Investments Bharti Airtel Ltd. 3.77 TREPS 6.08 Expense Ratio# (As on February 28, 2021) ` Direct Plan - 0.27 % Auto 3.49 Cash & Cash Equivalents -0.47 Regular Plan - 2.39 % Maruti Suzuki India Ltd. 2.56 Net Assets 100.00 Mahindra & Mahindra Ltd. 0.93 Construction Project 2.30 Top 10 Equity Holdings For NAV details, please refer page 6 * Holding less than 0.75% Larsen & Toubro Ltd. 2.30 # Partly Paid Right Note: # Weighted Average TER for the month, includes GST on management fees. ^^ Portfolio Turnover Ratio not given as the scheme has not completed The Name of the Industry is in accordance with Industry Classification for Foreign Securities is as per MSCI GICS one year. Note: Performance of Principal Large Cap Fund is not given as the scheme has not completed 6 months. Other ratios are not given as scheme has not completed 3 years.

Market Cap Allocation (As on Feb 28, 2021) (% of NAV)

Industry Allocation (Top 10) (As on Feb 28, 2021) (% of NAV)  Banks 24.99%  Consumer Non Durables 10.61%  Software 9.89%  Petroleum Products 8.86%  Pharmaceuticals 6.63%  Finance 5.90%  Telecom - Services 3.77%  Auto 3.49%  Construction Project 2.30%  Auto Ancillaries 1.76%

11 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 February 28, 2021 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£ Finance 17.55 Consumer Non Durables 3.96 Existing Investor- ` 300 STP- ` 1,000 Bajaj Finance Ltd. 2.62 Varun Beverages Ltd. 1.58 RWP- ` 500 Housing Development Finance £ 2.55 Jubilant Foodworks Ltd. 1.28 12 installments each Corporation Ltd. Mahindra & Mahindra Tata Consumer Products Ltd. 1.10 2.07 Asset Under Managment (` Cr) Financial Services Ltd. Petroleum Products 3.25 MAAUM: 2,553.47 Max Financial Services Ltd. 2.04 Reliance Industries Ltd. 3.25 AUM: 2,530.20 ` L&T Finance Holdings Ltd. 1.98 Cement 2.79 Bajaj Finserv Ltd. 1.86 Shree Cement Ltd. 1.55 Cholamandalam Investment & Load Structure 1.50 Ultratech Cement Ltd. 1.24 Finance Co. Ltd. Entry Load: NIL Construction Project 2.30 SBI Cards & Payment Services Ltd. 1.35 Exit Load:If redeemed/ switched on or before  Computer Age Management Larsen & Toubro Ltd. 2.30 365 days from the date of allotment: 0.82 Nil for redemption/ switch out of units upto 24% Services Ltd. Auto Ancillaries 2.06 of the units allotted (the limit) SBI Life Insurance Company Ltd. 0.76 Exide Industries Ltd. 1.03 1% on redemption in excess of 24% of the limit Banks 15.12 Sundram Fasteners Ltd. 1.03 stated above- Redemption of units would be done HDFC Bank Ltd. 5.73 on First in First out Basis (FIFO) Telecom - Services 1.86  Nil thereafter. (w.e.f. March 31, 2020) ICICI Bank Ltd. 4.86 Bharti Airtel Ltd. 1.86 Axis Bank Ltd. 2.04 Healthcare Services 1.70 Allotment Date & Benchmark Allotment Date Kotak Mahindra Bank Ltd. 1.57 Dr. Lal Path labs Ltd. 1.70 Regular Plan: November 12, 2008 The Federal Bank Ltd. 0.92 Retailing 1.58 Direct Plan: January 1, 2013 Industrial Products 8.15 Avenue Supermarts Ltd. 1.58 Benchmark: NIFTY Large Midcap 250 Index - TRI Astral Poly Technik Ltd. 1.76 Transportation 1.48 (w.e.f. May 30, 2018) AIA Engineering Ltd. 1.46 TCI Express Ltd. 1.48 Mold-Tek Packaging Ltd. 1.35 Gas 1.26 Plans Regular Plan & Direct Plan. Options Both the Plans offer Growth & Half Polycab India Ltd. 1.27 Gujarat State Petronet Ltd. 1.26 Yearly Dividend Option. SKF India Ltd. 1.26 Auto 1.25 Half Yearly Dividend Option under both the Plans SRF Ltd. 1.05 Maruti Suzuki India Ltd. 1.25 offers facility of Payout, Reinvestment and Sweep. Software 7.23 Pesticides 1.18 Fund Manager Details Infosys Ltd. 3.60 PI Industries Ltd. 1.18 Name: Ravi Gopalakrishnan Tata Consultancy Services Ltd. 1.56 Construction 1.14 Managing Since: October 2019 Mphasis Ltd. 1.08 Kajaria Ceramics Ltd. 1.14 Total Experience: 26 years HCL Technologies Ltd. 0.99 Textile Products 1.14 Consumer Durables 6.79 Page Industries Ltd. 1.14 (As on February 26, 2021) Ratios & Other Details Dixon Technologies (India) Ltd. 4.01 Standard Deviation^ (Annualised): 23.87% Other Equities* 2.93 Beta^ : 0.97 Voltas Ltd. 1.47 Total Equity 96.13 Sharpe Ratio^ (Annualised) : 0.36 Relaxo Footwears Ltd. 1.31 DERIVATIVES Futures - National Stock Portfolio Turnover Ratio**: 0.46 Chemicals 5.98 Index -1.07 Navin Fluorine International Ltd. 2.17 Exchange of India Ltd. Treasury Bills 0.01 Expense Ratio# (As on February 28, 2021) Atul Ltd. 1.49 91 DAY T-BILL Sovereign 0.01 Direct Plan - 0.91 % ` Rossari Biotech Ltd. 1.32 TREPS / Reverse Repo Investments 1.25 Regular Plan - 2.01 % Fine Organic Industries Ltd. 1.00 TREPS 1.25 Pharmaceuticals 5.43 Cash & Cash Equivalents 2.61 For NAV details, please refer page 6 Divi's Laboratories Ltd. 2.12 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year Net Assets 100.00 period with 3.47% risk free rate of return (1 days - MIBOR Rate As on February 26, 2021). IPCA Laboratories Ltd. 1.27 ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or purchases Natco Pharma Ltd. 1.21  made during the 12 month rolling year/period divided by the 12 month rolling year/period Top 10 Equity Holdings Average asset under Management for the relevant year/period (As on February 28, 2021). Torrent Pharmaceuticals Ltd. 0.83 * Holding less than 0.75% # Weighted Average TER for the month, includes GST on management fees.

Industry Allocation (As on February 28, 2021) (% of NAV)  Finance 17.55%  Banks 15.58%  Industrial Products 8.27%  Software 7.23%  Consumer Durables 6.79%  Chemicals 5.98%  Pharmaceuticals 5.43%  Consumer Non Durables 4.59%  Auto Ancillaries 3.45%  Petroleum Products 3.25%  Cement 2.79%  Construction Project 2.30%  Retailing 1.91%  Telecom - Services 1.86% Performance (As on 26/02/2021)  Healthcare Services 1.70%  Transportation 1.48%  Gas 1.26% Period Principal Emerging NIFTY Large Midcap Nifty 50 - TRI  Auto 1.25% Bluechip Fund 250 Index - TRI (Additional Benchmark)  Pesticides 1.18% (Scheme’s Benchmark)  Construction 1.14%  Textile Products 1.14% Returns $PTP Returns $PTP Returns $PTP (%) Returns (%) Returns (%) Returns 1 Year (28-02-2020 to 26-02-2021) 31.54 13144.02 36.62 13650.38 31.37 13127.10 3 Years (28-02-2018 to 26-02-2021) 9.52 13134.30 11.01 13674.26 12.88 14377.95 Market Cap Allocation (As on Feb 28, 2021) (% of NAV) 5 Years (29-02-2016 to 26-02-2021) 20.01 24886.16 18.54 23391.06 17.29 22188.63 Since Inception (12-11-2008 to 26-02-2021) 24.08 142100.00 18.12 77508.58 15.54 59085.82 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 30 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-20 2.23 50.08 2.53 106.61 15-Dec-17 5.92 48.24 N.A. N.A. Market Cap Ranges will be determined as per prevailing SEBI/ 16-Jun-17 12.10 54.31 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. 12 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 February 28, 2021 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 14.85 Pharmaceuticals 4.51 Existing Investor- ` 300 STP- ` 1,000 HDFC Bank Ltd. 5.72 Indoco Remedies Ltd. 1.45 RWP- ` 500 ICICI Bank Ltd. 5.25 Syngene International Ltd. 1.18 £12 installments each State Bank of India 2.18 Laurus Labs Ltd. 0.99 Asset Under Managment (` Cr) Axis Bank Ltd. 1.70 Divi's Laboratories Ltd. 0.89 MAAUM: 725.84 Finance 13.88 Auto 3.70 AUM: 714.96 ` Bajaj Finance Ltd. 2.78 Force Motors Ltd. 1.47 Housing Development Finance 2.70 Maruti Suzuki India Ltd. 1.27 Corporation Ltd. Mahindra & Mahindra Ltd. 0.96 Load Structure Max Financial Services Ltd. 1.88 Entry Load: NIL Chemicals 3.40 Can Fin Homes Ltd. 1.46 Exit Load:If redeemed/ switched on or be- Rossari Biotech Ltd. 1.46 L&T Finance Holdings Ltd. 1.23 fore 365 days from the date of allotment: Atul Ltd. 0.99 SBI Cards & Payment Services Ltd. 1.16 Nil for redemption/ switch out of units upto Aarti Industries Ltd. 0.95 Bajaj Finserv Ltd. 1.01 24% of the units allotted (the limit) Auto Ancillaries 3.40 1% on redemption in excess of 24% of the SBI Life Insurance Company Ltd. 0.87 CEAT Ltd. 1.57 limit stated above- Redemption of units would Computer Age Management 0.79 Subros Ltd. 1.03 be done on First in First out Basis (FIFO) Services Ltd. Nil thereafter. (w.e.f. March 31, 2020) Software 10.49 Endurance Technologies Ltd. 0.80 Infosys Ltd. 4.19 Petroleum Products 3.30 Reliance Industries Ltd. 3.30 Allotment Date & Benchmark Tata Consultancy Services Ltd. 1.57 Allotment Date KPIT Technologies Ltd. 1.51 Consumer Non Durables 3.00 Regular Plan: October 25, 2000 Coforge Ltd. 1.24 Varun Beverages Ltd. 1.19 Direct Plan: January 1, 2013 eClerx Services Ltd. 1.06 ITC Ltd. 0.96 Benchmark: NIFTY 500 Multicap HCL Technologies Ltd. 0.92 United Breweries Ltd. 0.85 50:25:25 - TRI (w.e.f. January 27, 2021) Consumer Durables 7.55 Telecom - Services 2.07   Bharti Airtel Ltd. 2.07 Plans Regular Plan & Direct Plan. Dixon Technologies (India) Ltd. 3.07 Options Both the Plans offer Growth & Half Orient Electric Ltd. 1.64 Construction Project 1.85 Yearly Dividend Option. Larsen & Toubro Ltd. 1.85 Half Yearly Dividend Option under both the Plans Amber Enterprises India Ltd. 1.62 offers facility of Payout, Reinvestment and Sweep. Relaxo Footwears Ltd. 1.22 Pesticides 1.76 Construction 7.16 PI Industries Ltd. 0.95 Fund Manager Details PNC Infratech Ltd. 1.97 Bayer Cropscience Ltd. 0.81 Name: Ravi Gopalakrishnan & Siddarth Mohta Brigade Enterprises Ltd. 1.81 Transportation 1.49 (Associate Fund Manager) KNR Constructions Ltd. 1.33 TCI Express Ltd. 1.49 Managing Since: July 2019 & August 2018 Kajaria Ceramics Ltd. 1.03 Retailing 1.38 Total Experience: 26 years & 16 years The Phoenix Mills Ltd. 1.02 Avenue Supermarts Ltd. 1.38 Industrial Products 6.72 Other Equities* 1.87 Ratios & Other Details (As on February 26, 2021) Total Equity 96.92 Standard Deviation^ (Annualised): 22.55% KEI Industries Ltd. 1.63 Beta^ : 0.88 Polycab India Ltd. 1.63 DERIVATIVES Futures - National Stock Sharpe Ratio^ (Annualised) : 0.26 Astral Poly Technik Ltd. 1.54 Index -1.99 Portfolio Turnover Ratio**: 0.73 Exchange of India Ltd. Timken India Ltd. 1.12 Treasury Bills 0.01 SRF Ltd. 0.80 Expense Ratio# (As on February 28, 2021) 91 DAY T-BILL Sovereign 0.01 Cement 4.54 Direct Plan - 1.74 % ` TREPS / Reverse Repo Investments 0.30 JK Cement Ltd. 2.22 Regular Plan - 2.47 % TREPS 0.30 Ultratech Cement Ltd. 1.17 Cash & Cash Equivalents 2.77 The Ramco Cements Ltd. 1.15 Net Assets 100.00

For NAV details, please refer page 6 Top 10 Equity Holdings Note: ^ The above measures have been calculated by taking rolling returns * Holding less than 0.75% for a 3 year period with 3.47% risk free rate of return (1 days - MIBOR Rate As on February 26, 2021). ** 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 February 28, 2021). # Weighted Average TER for the month, includes GST on management fees. Performance (As on 26/02/2021)

Industry Allocation (Top 10) (As on Feb 28, 2021) (% of NAV) Period Principal Multi Cap NIFTY 500 Multicap Nifty 50 - TRI Growth Fund 50:25:25 - TRI (Additional Benchmark)  Banks 14.85% (Scheme’s Benchmark)  Finance 13.90% Returns $PTP Returns $PTP Returns $PTP  Software 10.49% (%) Returns (%) Returns (%) Returns  Consumer Durables 7.55% 1 Year (28-02-2020 to 26-02-2021) 27.36 12727.92 37.41 13728.72 31.37 13127.10  Construction 7.16% 3 Years (28-02-2018 to 26-02-2021) 6.88 12207.17 8.97 12938.04 12.88 14377.95  Industrial Products 6.73% 5 Years (29-02-2016 to 26-02-2021) 17.58 22459.72 17.46 22346.46 17.29 22188.63  Consumer Non Durables 4.76% Since Inception (25-10-2000 to 26-02-2021) 15.21 178420.00 NA NA 14.69 162741.94 Pharmaceuticals 4.56%  Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.  Cement 4.54% Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $  Auto 3.70% PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Please refer page 30 for annexure of returns for all scheme managed by the fund manager. Market Cap Allocation (As on Feb 28, 2021) (% of NAV)

Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 17-Dec-20 1.78 39.96 2.29 51.38 15-Dec-17 4.96 41.29 1.71 47.18 16-Jun-17 10.83 47.29 8.93 50.45 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. 13 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 February 28, 2021 Fund Details Portfolio

Minimum Investment Amount (`) Name % of NAV Lumpsum Special Products New Investor- ` 300 SIP- ` 100£ Banks 20.92 Existing Investor- ` 300 STP- ` 1,000 ICICI Bank Ltd. 8.15 RWP- ` 500 HDFC Bank Ltd. 7.99  £12 installments each State Bank of India 4.78 Finance 19.66  Asset Under Managment (` Cr) Bajaj Finserv Ltd. 6.12  MAAUM: 528.61 Housing Development Finance Corporation Ltd. 5.70 AUM: 522.77 ` Cholamandalam Investment & Finance Co. Ltd. 2.16 SBI Cards & Payment Services Ltd. 2.13 Max Financial Services Ltd. 2.07 Load Structure Bajaj Finance Ltd. 1.48 Software 9.92 Entry Load: NIL  Exit Load: 0.25% for redemptions with- Infosys Ltd. 7.47 HCL Technologies Ltd. 2.45 in 7 days from the date of allotment Petroleum Products 6.77 [w.e.f. March 01, 2019] Reliance Industries Ltd. 6.77 Industrial Products 5.39 Allotment Date & Benchmark Astral Poly Technik Ltd. 3.20 Allotment Date AIA Engineering Ltd. 2.19 Regular Plan: November 11, 2005 Chemicals 4.85 Direct Plan: January 1, 2013 Navin Fluorine International Ltd. 3.11 Benchmark: S&P BSE 250 Large Midcap Rossari Biotech Ltd. 1.74 Index - TRI Consumer Durables 4.33 Dixon Technologies (India) Ltd. 2.54 Plans Regular Plan & Direct Plan. Relaxo Footwears Ltd. 1.79 Options Both the Plans offer Growth & Half Pharmaceuticals 4.06 Yearly Dividend Option. Half Yearly Dividend Option under both the Plans IPCA Laboratories Ltd. 1.86 offers facility of Payout, Reinvestment and Sweep. Syngene International Ltd. 1.17 Alkem Laboratories Ltd. 1.03 Fund Manager Details Telecom - Services 4.00 Name: Ravi Gopalakrishnan Bharti Airtel Ltd. 4.00 Managing Since: October 2019 Construction Project 3.88 Total Experience: 26 years Larsen & Toubro Ltd. 3.88 Retailing 3.47 Ratios & Other Details (As on February 26, 2021) Avenue Supermarts Ltd. 3.47 Standard Deviation^ (Annualised): 20.52% Cement 2.83 Beta^ : 0.88 Shree Cement Ltd. 2.83 Sharpe Ratio^ (Annualised) : 0.56 Portfolio Turnover Ratio** : 0.58 Auto 2.37 Mahindra & Mahindra Ltd. 2.37 Industrial Capital Goods 1.95 # Expense Ratio (As on February 28, 2021) Bharat Electronics Ltd. 1.95 Direct Plan - 1.57 % ` Ferrous Metals 1.95 Regular Plan - 2.51 % Tata Steel Ltd. 1.95 Consumer Non Durables 1.76 For NAV details, please refer page 6 Varun Beverages Ltd. 1.76 Pesticides 0.88 Note: ^ The above measures have been calculated by taking rolling returns PI Industries Ltd. 0.88 for a 3 year period with 3.47% risk free rate of return (1 days - MIBOR Rate As Total Equity 98.99 on February 26, 2021). Treasury Bills 0.04 ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or 91 DAY T-BILL Sovereign 0.04 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 / Reverse Repo Investments 1.31 year/period (As on February 28, 2021). TREPS 1.31 # Weighted Average TER for the month, includes GST on management fees. Cash & Cash Equivalents -0.34 Net Assets 100.00

Industry Allocation (Top 10) (As on Feb 28, 2021) (% of NAV) Top 10 Equity Holdings  Banks 20.92%  Finance 19.66%  Software 9.92%  Petroleum Products 6.77% Performance (As on 26/02/2021)  Industrial Products 5.39% Period Principal Focused S&P BSE 250 Large Nifty 50 - TRI  Chemicals 4.85% Multicap Fund Midcap - TRI (Additional Benchmark) (Scheme’s Benchmark)  Consumer Durables 4.33%  Pharmaceuticals 4.06% Returns $PTP Returns $PTP Returns $PTP (%) Returns (%) Returns (%) Returns  Telecom - Services 4.00% 1 Year (28-02-2020 to 26-02-2021) 30.25 13015.92 33.79 13368.17 31.37 13127.10  Construction Project 3.88% 3 Years (28-02-2018 to 26-02-2021) 13.66 14679.62 11.87 13997.80 12.88 14377.95 5 Years (29-02-2016 to 26-02-2021) 17.93 22798.67 17.69 22573.06 17.29 22188.63 Since Inception (11-11-2005 to 26-02-2021) 15.36 89120.00 13.67 71013.52 13.42 68691.71 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Market Cap Allocation (As on Feb 28, 2021) (% 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 30 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-20 1.36 30.40 1.41 31.53 17-Dec-19 1.38 27.36 1.51 28.24 17-Jun-19 1.90 27.32 2.31 28.47 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.

14 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 February 28, 2021

Fund Details Portfolio

Minimum Investment Amount (`) Name % of NAV Name % of NAV Lumpsum Special Products Software 12.48 Cera Sanitaryware Ltd. 1.49 £ New Investor- ` 5,000 SIP- ` 500 Tata Elxsi Ltd. 3.31 PNC Infratech Ltd. 1.24 Existing Investor- ` 1,000 STP- ` 1000§ Persistent Systems Ltd. 2.18 KNR Constructions Ltd. 1.11 RWP- ` 500§ Birlasoft Ltd. 1.72 Auto Ancillaries 5.45 £12 installments each §6 installments each Cyient Ltd. 1.64 CEAT Ltd. 2.37 Asset Under Managment (` Cr) Mastek Ltd. 1.31 Subros Ltd. 1.62 MAAUM: 303.54 KPIT Technologies Ltd. 1.30 Endurance Technologies Ltd. 1.46 AUM: 308.82 ` NIIT Ltd. 1.02 Cement 5.39 Chemicals 10.98 JK Cement Ltd. 2.08 Load Structure Galaxy Surfactants Ltd. 1.95 Birla Corporation Ltd. 1.87 Entry Load: NIL Navin Fluorine International Ltd. 1.84 JK Lakshmi Cement Ltd. 1.44 Exit Load:If redeemed/ switched on or before 365 days from the date of allotment: Neogen Chemicals Ltd. 1.81 Banks 5.16 Nil for redemption/ switch out of units Alkyl Amines Chemicals Ltd. 1.71 State Bank of India 1.63 upto 24% of the units allotted (the limit) Solar Industries India Ltd. 1.47 The Federal Bank Ltd. 1.52 1% on redemption in excess of 24% of Rossari Biotech Ltd. 1.21 ICICI Bank Ltd. 1.02 the limit stated above- Redemption of units Fine Organic Industries Ltd. 0.99 HDFC Bank Ltd. 0.99 would be done on First in First out Basis (FIFO) Consumer Durables 10.60 Transportation 3.14 Nil thereafter. (w.e.f. March 31, 2020) Dixon Technologies (India) Ltd. 3.35 Transport Corporation of India Ltd. 1.57  Allotment Date & Benchmark Amber Enterprises India Ltd. 2.27 TCI Express Ltd. 1.57  Allotment Date Blue Star Ltd. 2.06 Ferrous Metals 2.97 Regular Plan: May 13, 2019 Orient Electric Ltd. 1.75 Tata Steel BSL Ltd. 1.83 Direct Plan: May 13, 2019 VIP Industries Ltd. 1.17 Kirloskar Ferrous Industries Ltd. 1.14 Benchmark: Nifty Small Cap 100 index-TRI Finance 10.34 Auto 2.30 Plans Regular Plan & Direct Plan. Multi Commodity Exchange of India Ltd. 2.40 Force Motors Ltd. 1.49 Options Both the Plans offer Growth & Indian Energy Exchange Ltd. 2.14 Hero MotoCorp Ltd. 0.81 Dividend Option. The Dividend Option under both the Plans will have the facility of Payout Can Fin Homes Ltd. 1.59 Pesticides 1.90 and Reinvestment. Bajaj Finance Ltd. 1.30 Rallis India Ltd. 1.02 Fund Manager Details Computer Age Management Services Ltd. 1.21 Bayer Cropscience Ltd. 0.88 Name: Ravi Gopalakrishnan & Mahindra & Mahindra Financial Services Ltd. 0.93 Construction Project 1.90 Mr. Siddarth Mohta SBI Life Insurance Company Ltd. 0.77 NCC Ltd. 1.90 Managing Since: July 2019 & May 2019 Industrial Products 6.70 Textiles - Cotton 0.98 Total Experience: 26 years & 16 years KEI Industries Ltd. 2.07 Vardhman Textiles Ltd. 0.98 Expense Ratio# (As on February 28, 2021) Mold-Tek Packaging Ltd. 1.95 Other Equities* 6.33 ` Direct Plan - 0.89 % Timken India Ltd. 1.66 Total Equity 98.32 Regular Plan - 2.56 % Astral Poly Technik Ltd. 1.02 Treasury Bills 0.03 Pharmaceuticals 5.93 91 DAY T-BILL Sovereign 0.03 Laurus Labs Ltd. 2.04 TREPS / Reverse Repo Investments 2.74 Other Details Syngene International Ltd. 1.96 TREPS 2.74 Portfolio Turnover Ratio** : 0.58 Divi's Laboratories Ltd. 1.03 Cash & Cash Equivalents -1.09 IPCA Laboratories Ltd. 0.90 Net Assets 100.00 Construction 5.77  Brigade Enterprises Ltd. 1.93 Top 10 Equity Holdings For NAV details, please refer page 6 * Holding less than 0.75% Note: #Weighted Average TER for the month, includes GST on management fees. Other ratios are not given as scheme has not completed 3 years. ** 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 February 28, 2021).

Market Cap Allocation (As on Feb 28, 2021) (% of NAV)

Performance (As on 26/02/2021) Period Nifty SmallCap Nifty 50 - TRI Principal Small Cap Fund 100 Index - TRI (Additional Benchmark) (Scheme’s Benchmark) $PTP $PTP $PTP Returns (%) Returns (%) Returns (%) Returns Returns Returns 1 Year (28-02-2020 to 26-02-2021) 45.39 14524.47 43.58 14344.11 31.37 13127.10 Industry Allocation (Top 10) (As on Feb 28, 2021) (% of NAV) Since Inception (13-05-2019 to 26-02-2021) 28.71 15730.00 18.19 13497.47 17.37 13329.08 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth  Software 13.20% option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised  Chemicals 10.98% Basis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period.  Finance 10.97% Please refer page 30 for annexure of returns for all scheme managed by the fund manager.  Consumer Durables 10.60%  Industrial Products 7.40%  Pharmaceuticals 5.93%  Construction 5.77%  Auto Ancillaries 5.45%  Cement 5.39%  Banks 5.16% 15 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 February 28, 2021

Fund Details Portfolio

% to Net % to Net % of % of Name Assets Name Assets NAV NAV Minimum Investment Amount (`) Derivatives Derivatives Lumpsum Special Products Banks 14.76 Endurance Technologies Ltd. 1.62 £ New Investor- ` 5,000 SIP- ` 500 The Federal Bank Ltd. 4.73 CEAT Ltd. 1.29 ` ` § Existing Investor- 1,000 STP- 1000 State Bank of India 3.36 Auto 4.16 RWP- ` 500§ ICICI Bank Ltd. 3.13 Ashok Leyland Ltd. 2.88 £12 installments each §6 installments each RBL Bank Ltd. 1.95 TVS Motor Company Ltd. 1.28 Asset Under Managment (` Cr) City Union Bank Ltd. 1.59 Pesticides 3.52 MAAUM: 350.94 Finance 10.09 PI Industries Ltd. 2.01 AUM: 349.45 ` Max Financial Services Ltd. 2.96 Bayer Cropscience Ltd. 1.51 Cholamandalam Investment 2.42 Construction 3.50 & Finance Co. Ltd. Load Structure Mahindra & Mahindra The Phoenix Mills Ltd. 1.49 2.30 Entry Load: NIL Financial Services Ltd. Brigade Enterprises Ltd. 1.06 Exit Load: If redeemed/ switched on or Can Fin Homes Ltd. 1.57 Kajaria Ceramics Ltd. 0.95 Computer Age Management before 365 days from the date of allotment: 0.84 Industrial Capital Goods 3.07 Nil for redemption/ switch out of units Services Ltd. Honeywell Automation India Ltd. 2.00 upto 24% of the units allotted (the limit) Industrial Products 10.06 ABB India Ltd. 1.07 1% on redemption in excess of 24% of Polycab India Ltd. 3.48 the limit stated above- Redemption of units Astral Poly Technik Ltd. 1.79 Software 2.25 would be done on First in First out Basis AIA Engineering Ltd. 1.77 MindTree Ltd. 1.20 (FIFO) Mphasis Ltd. 1.05 Nil thereafter. (w.e.f. March 31, 2020) Schaeffler India Ltd. 1.08 SRF Ltd. 0.98 Gas 2.16 Allotment Date & Benchmark KEI Industries Ltd. 0.96 Gujarat Gas Ltd. 1.25 Allotment Date Pharmaceuticals 7.72 Gujarat State Petronet Ltd. 0.91 Regular Plan: Dec 30, 2019 IPCA Laboratories Ltd. 2.34 Telecom - Services 1.90 Direct Plan: Dec 30, 2019 Indoco Remedies Ltd. 1.29 Bharti Airtel Ltd. 1.90 NIFTY Midcap 100 Index - TRI Benchmark: Dr. Reddy's Laboratories Ltd. 1.17 Retailing 1.71 Divi's Laboratories Ltd. 1.15 Trent Ltd. 1.71 Plans Regular Plan & Direct Plan. Power 1.50 Options Both the Plans offer Growth & Syngene International Ltd. 0.97 Dividend Option. The Dividend Option under Natco Pharma Ltd. 0.80 Tata Power Company Ltd. 1.50 both the Plans will have the facility of Payout, Ferrous Metals 1.23 Reinvestment and Sweep. Consumer Durables 6.88 Voltas Ltd. 1.89 Tata Steel BSL Ltd. 1.23 Fund Manager Details Whirlpool of India Ltd. 1.73 Cement 1.15 Name: Ravi Gopalakrishnan & Amber Enterprises India Ltd. 1.34 The Ramco Cements Ltd. 1.15 Mr. Sudhir Kedia Relaxo Footwears Ltd. 1.10 Textile Products 0.90 Managing Since: Dec 2019 & Dec 2019 Page Industries Ltd. 0.90 Total Experience: 26 years & 14 years Bata India Ltd. 0.82 Consumer Non Durables 6.40 Other Equities* 5.08 Jubilant Foodworks Ltd. 1.79 Total Equity 98.49 Expense Ratio# (As on February 28, 2021) Tata Consumer Products Ltd. 1.36 DERIVATIVES ` Direct Plan - 0.44 % Futures - National Stock Index -0.25 Regular Plan - 2.45 % Zydus Wellness Ltd. 1.21 Exchange of India Ltd. Varun Beverages Ltd. 1.15 Treasury Bills 0.03 Emami Ltd. 0.89 91 DAY T-BILL Sovereign 0.03 Chemicals 5.58 TREPS / Reverse Repo Investments 0.32 Other Details Solar Industries India Ltd. 1.88 Portfolio Turnover Ratio** : 1.21 TREPS 0.32 Rossari Biotech Ltd. 1.43 Cash & Cash Equivalents 1.16 Atul Ltd. 1.31 Net Assets 100.00 For NAV details, please refer page 6 Aarti Industries Ltd. 0.96 Auto Ancillaries 4.87 # Note: Weighted Average TER for the month, includes GST on management Top 10 Equity Holdings fees. Subros Ltd. 1.96 * Holding less than 0.75% Other ratios are not given as scheme has not completed 3 years. ** 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 February 28, 2021).

Market Cap Allocation (As on Feb 28, 2021) (% of NAV)

Performance (As on 26/02/2021) Period NIFTY Midcap Nifty 50 - TRI Principal Midcap Fund 100 Index - TRI (Additional Benchmark) (Scheme’s Benchmark) $PTP $PTP $PTP Returns (%) Returns (%) Returns (%) Returns Returns Returns 1 Year (28-02-2020 to 26-02-2021) 34.84 13472.64 39.98 13984.70 31.37 13127.10 Industry Allocation (Top 10) (As on Feb 28, 2021) (% of NAV) Since Inception (30-12-2019 to 26-02-2021) 29.81 13540.00 31.73 13772.99 17.02 12003.03  Banks 14.76% 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  Industrial Products 10.58% Basis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period.  Finance 10.09% Please refer page 30 for annexure of returns for all scheme managed by the fund manager.  Pharmaceuticals 7.72%  Consumer Durables 6.88%  Consumer Non Durables 6.82%  Chemicals 5.58%  Auto Ancillaries 5.44%  Auto 4.83%  Construction 3.88% 16 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 February 28, 2021

Fund Details Portfolio

Minimum Investment Amount (`) Name % of NAV Name % of NAV Lumpsum Special Products New Investor- ` 5,000 SIP- ` 500£ Software 17.61 Industrial Products 3.98 Existing Investor- ` 1,000 STP- ` 1,000 Infosys Ltd. 6.97 AIA Engineering Ltd. 2.05 RWP- ` 500 Tata Consultancy Services Ltd. 6.82 SRF Ltd. 1.93 £12 installments each Tech Mahindra Ltd. 2.23 Ferrous Metals 3.32 HCL Technologies Ltd. 1.59 Tata Steel Ltd. 3.32 Asset Under Managment (` Cr) Banks 13.15 Auto Ancillaries 2.80 MAAUM: 197.90 ICICI Bank Ltd. 5.21 CEAT Ltd. 1.72 AUM: 194.16 ` HDFC Bank Ltd. 4.25 Exide Industries Ltd. 1.08 State Bank of India 2.31 Telecom - Services 2.57 Load Structure Kotak Mahindra Bank Ltd. 1.38 Bharti Airtel Ltd. 2.57 Entry Load: NIL Consumer Non Durables 11.54 Consumer Durables 2.20  Exit Load:If redeemed/ switched on or be- Hindustan Unilever Ltd. 4.34 Sheela Foam Ltd. 1.41 fore 365 days from the date of allotment: ITC Ltd. 4.26 Orient Electric Ltd. 0.79 Nil for redemption/ switch out of units upto VST Industries Ltd. 1.91 Non - Ferrous Metals 1.71 24% of the units allotted (the limit) Bannari Amman Sugars Ltd. 1.03 Hindustan Zinc Ltd. 1.71 1% on redemption in excess of 24% of the Chemicals 8.94 Finance 1.49 limit stated above- Redemption of units would Navin Fluorine International Ltd. 3.68 Bajaj Finserv Ltd. 1.49 be done on First in First out Basis (FIFO) Aarti Industries Ltd. 2.29 Construction Project 1.17  Nil thereafter (w.e.f. March 31, 2020) Fine Organic Industries Ltd. 1.57 Larsen & Toubro Ltd. 1.17 Rossari Biotech Ltd. 1.40 Fertilisers 0.87 Allotment Date & Benchmark Petroleum Products 7.91 Coromandel International Ltd. 0.87 Allotment Date Reliance Industries Ltd. 6.20 Other Equities* 2.69 Regular Plan: October 15, 2004 Hindustan Petroleum Corporation Ltd. 1.71 Total Equity 99.00 Direct Plan: January 1, 2013 Auto 7.17 Treasury Bills 0.02 Benchmark: Nifty Dividend Opportunities 50 Ashok Leyland Ltd. 2.15 91 DAY T-BILL Sovereign 0.02 Index - TRI Bajaj Auto Ltd. 2.11 TREPS / Reverse Repo Investments 0.26 Plans Regular Plan & Direct Plan. Mahindra & Mahindra Ltd. 1.50 TREPS 0.26 Options Both the Plans offer Growth & Half Maruti Suzuki India Ltd. 1.41 Cash & Cash Equivalents 0.72 Yearly Dividend Option. Half Yearly Dividend Option under both the Plans Cement 5.29 Net Assets 100.00 offers facility of Payout, Reinvestment and Sweep. Ultratech Cement Ltd. 5.29 Gas 4.59  Top 10 Equity Holdings Fund Manager Details  Gujarat Gas Ltd. 4.59 * Holding less than 0.75% Name: Ravi Gopalakrishnan Managing Since: October 2019 Total Experience: 26 years

Ratios & Other Details (As on February 26, 2021) Standard Deviation^ (Annualised): 19.36% Beta^ : 1.04 Sharpe Ratio^ (Annualised) : 0.39 Portfolio Turnover Ratio** : 0.09

Expense Ratio# (As on February 28, 2021) Direct Plan - 2.24 % ` Regular Plan - 2.62 %

For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.47% risk free rate of return (1 days - MIBOR Rate As on February 26, 2021). ** 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 February 28, 2021). # Weighted Average TER for the month, includes GST on management fees.

Industry Allocation (Top 10) (As on Feb 28, 2021) (% of NAV) Performance (As on 26/02/2021)  Software 17.61% Period Principal Dividend Yield Nifty Dividend Nifty 50 - TRI  Banks 13.15% Fund Opportunities 50 - TRI (Additional Benchmark) (Scheme’s Benchmark)  Consumer Non Durables 12.27%  Chemicals 8.94% Returns $PTP Returns $PTP Returns $PTP (%) Returns (%) Returns (%) Returns Petroleum Products 8.15%  1 Year (28-02-2020 to 26-02-2021) 31.22 13111.75 32.15 13204.44 31.37 13127.10 Auto 7.17%  3 Years (28-02-2018 to 26-02-2021) 9.44 13104.24 7.08 12275.40 12.88 14377.95 Cement 5.29%  5 Years (29-02-2016 to 26-02-2021) 18.86 23709.84 15.83 20839.33 17.29 22188.63 Gas 4.59%  Since Inception (15-10-2004 to 26-02-2021) 12.48 68640.00 NA NA 15.05 99353.58  Industrial Products 3.98% Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.  Ferrous Metals 3.32% 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 30 for annexure of returns for all scheme managed by the fund manager. Market Cap Allocation (As on Feb 28, 2021) (% of NAV)

Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 17-Dec-20 1.22 27.01 NA NA 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 Past performance may or may not be sustained in the future. * On face value of ` 10. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable. 17 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 February 28, 2021 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 29.66 Astral Poly Technik Ltd. 1.03 (Available after lock-in period) ICICI Bank Ltd. 9.58 Auto 3.56 RWP- ` 500 HDFC Bank Ltd. 7.35 Maruti Suzuki India Ltd. 2.71 (Available after lock-in period) State Bank of India 4.10 Mahindra & Mahindra Ltd. 0.85 6 installments each Axis Bank Ltd. 3.08 Telecom - Services 3.17 Asset Under Managment (` Cr) Kotak Mahindra Bank Ltd. 2.48 Bharti Airtel Ltd. 3.17 MAAUM: 520.15 The Federal Bank Ltd. 2.04 Construction Project 3.10 AUM: 508.56 ` IndusInd Bank Ltd. 1.03 Larsen & Toubro Ltd. 3.10 Consumer Non Durables 9.00 Auto Ancillaries 2.03 Hindustan Unilever Ltd. 2.02 Subros Ltd. 1.18 Load Structure ITC Ltd. 1.96 CEAT Ltd. 0.85 Entry Load: NIL Exit Load: NIL United Spirits Ltd. 1.70 Chemicals 1.24 Britannia Industries Ltd. 1.39 Rossari Biotech Ltd. 1.24 Allotment Date & Benchmark Tata Consumer Products Ltd. 1.01 Industrial Capital Goods 1.06 Allotment Date Dabur India Ltd. 0.92 ABB India Ltd. 1.06 Regular Plan: March 31, 1996 Petroleum Products 8.35 Consumer Durables 1.02 Direct Plan: January 1, 2013 Reliance Industries Ltd.# 5.68 Whirlpool of India Ltd. 1.02 Benchmark: Nifty 500 Index - TRI Hindustan Petroleum Corporation Ltd. 1.67 Power 1.02 Bharat Petroleum Corporation Ltd. 1.00 NTPC Ltd. 1.02 Plans Regular Plan & Direct Plan. Options Both the Plans offer Growth & Half Software 7.29 Ferrous Metals 0.81 Yearly Dividend Option. Infosys Ltd. 4.70 Tata Steel BSL Ltd. 0.81 (W.e.f. September 11, 2017) Tata Consultancy Services Ltd. 2.59 Cement 0.75 Pharmaceuticals 6.85 Ultratech Cement Ltd. 0.75 Fund Manager Details Divi's Laboratories Ltd. 2.14 Other Equities* 9.23 Name: Sudhir Kedia Sun Pharmaceutical Industries Ltd. 1.73 Total Equity 97.74 Managing Since: October 2019 Cipla Ltd. 1.08 Treasury Bills 0.01 Total Experience: 14 years Dr. Reddy's Laboratories Ltd. 0.99 91 DAY T-BILL Sovereign 0.01 IPCA Laboratories Ltd. 0.91 TREPS / Reverse Repo Investments 0.58 Ratios & Other Details (As on February 26, 2021) Standard Deviation^ (Annualised): 22.74% Finance 5.61 TREPS 0.58 Beta^ : 0.97 Housing Development Finance Corporation Ltd. 2.08 Cash & Cash Equivalents 1.67 Sharpe Ratio^ (Annualised) : 0.26 Max Financial Services Ltd. 1.59 Net Assets 100.00 Portfolio Turnover Ratio** : 0.93 Multi Commodity Exchange of India Ltd. 1.04

SBI Life Insurance Company Ltd. 0.90  Expense Ratio# (As on February 28, 2021) Top 10 Equity Holdings Industrial Products 3.99 * Holding less than 0.75% Direct Plan - 2.03 % ` # Polycab India Ltd. 2.96 Partly Paid Right shares Regular Plan - 2.54 %

For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.47% risk free rate of return (1 days - MIBOR Rate As on February 26, 2021). ** 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 February 28, 2021). # Weighted Average TER for the month, includes GST on management fees.

Industry Allocation (Top 10) (As on Feb 28, 2021) (% of NAV)  Banks 29.66%  Consumer Non Durables 9.00% Performance (As on 26/02/2021) Software 8.91%  Period Principal Tax Savings Nifty 500 - TRI* Nifty 50 - TRI**  Petroleum Products 8.35% Fund (Scheme’s Benchmark) (Additional Benchmark)  Pharmaceuticals 8.14% Returns $PTP Returns $PTP Returns $PTP  Finance 6.84% (%) Returns (%) Returns (%) Returns  Industrial Products 4.69% 1 Year (28-02-2020 to 26-02-2021) 33.10 13299.10 33.47 13336.51 31.37 13127.10  Auto 4.12% 3 Years (28-02-2018 to 26-02-2021) 6.95 12231.63 10.86 13621.05 12.88 14377.95  Telecom - Services 3.17% 5 Years (29-02-2016 to 26-02-2021) 17.57 22450.25 17.31 22207.41 17.29 22188.63  Construction Project 3.10% Since Inception (31-03-1996 to 26-02-2021) 15.91 396538.67 13.68 244477.59 12.73 198074.98 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 Feb 28, 2021) (% of NAV) Please refer page 30 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. 18 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 February 28, 2021 Fund Details Portfolio

Name % of NAV Name % of NAV Minimum Investment Amount (`) Astral Poly Technik Ltd. 1.08 Lumpsum Special Products Banks 29.88 New Investor- ` 500 SIP- ` 500 ICICI Bank Ltd. 9.62 Auto 3.66 Existing Investor- ` 500 STP- ` 500 HDFC Bank Ltd. 7.47 Maruti Suzuki India Ltd. 2.76 (Available after lock-in period) State Bank of India 4.12 Mahindra & Mahindra Ltd. 0.90 RWP- ` 500 Axis Bank Ltd. 3.24 Telecom - Services 3.27

(Available after lock-in period)  Kotak Mahindra Bank Ltd. 2.59 Bharti Airtel Ltd. 3.27 6 installments each The Federal Bank Ltd. 2.08 Construction Project 3.16

 Asset Under Managment (` Cr) IndusInd Bank Ltd. 0.76 Larsen & Toubro Ltd. 3.16 MAAUM: 301.47 Consumer Non Durables 9.04 Auto Ancillaries 1.89 AUM: 294.05 ` Hindustan Unilever Ltd. 2.08 Subros Ltd. 1.14 ITC Ltd. 2.04 CEAT Ltd. 0.75 United Spirits Ltd. 1.76 Consumer Durables 1.87 Load Structure Britannia Industries Ltd. 1.22 Whirlpool of India Ltd. 1.11 Entry Load: NIL Tata Consumer Products Ltd. 1.05 Blue Star Ltd. 0.76 Exit Load: NIL Dabur India Ltd. 0.89 Chemicals 1.28 Petroleum Products 8.65 Rossari Biotech Ltd. 1.28 Allotment Date & Benchmark Reliance Industries Ltd.# 5.87 Power 1.10 Allotment Date NTPC Ltd. 1.10 Regular Plan: March 31, 1996 Hindustan Petroleum Corporation Ltd. 1.77 Direct Plan: January 1, 2013 Bharat Petroleum Corporation Ltd. 1.01 Industrial Capital Goods 0.95 Benchmark: Nifty 500 Index - TRI Software 7.12 ABB India Ltd. 0.95 Infosys Ltd. 4.47 Ferrous Metals 0.85 Plans Regular Plan & Direct Plan. Tata Consultancy Services Ltd. 2.65 Tata Steel BSL Ltd. 0.85 Options Both the Plan do not have any Pharmaceuticals 6.95 Cement 0.79 options at present. Divi's Laboratories Ltd. 2.09 Ultratech Cement Ltd. 0.79 Sun Pharmaceutical Industries Ltd. 1.81 Other Equities* 8.32 Fund Manager Details Cipla Ltd. 1.11 Total Equity 98.29 Name: Sudhir Kedia Dr. Reddy's Laboratories Ltd. 1.00 Treasury Bills 0.01 Managing Since: October 2019 IPCA Laboratories Ltd. 0.94 91 DAY T-BILL Sovereign 0.01 Total Experience: 14 years Finance 5.71 TREPS / Reverse Repo Investments 0.12 Housing Development TREPS 0.12 2.16 Ratios & Other Details (As on February 26, 2021) Finance Corporation Ltd. Standard Deviation^ (Annualised): 23.10% Cash & Cash Equivalents 1.58 Max Financial Services Ltd. 1.59 Beta^ : 0.99 Net Assets 100.00 Sharpe Ratio^ (Annualised) : 0.26 Multi Commodity Exchange of India Ltd. 1.05 Portfolio Turnover Ratio** : 0.90 SBI Life Insurance Company Ltd. 0.91  Industrial Products 3.80 Top 10 Equity Holdings * Holding less than 0.75% # Expense Ratio (As on February 28, 2021) Polycab India Ltd. 2.72 # Partly Paid Right shares Direct Plan - 2.14 % ` Regular Plan - 2.54 %

For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.47% risk free rate of return (1 days - MIBOR Rate As on February 26, 2021). ** 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 February 28, 2021). # Weighted Average TER for the month, includes GST on management fees.

Performance (As on 26/02/2021) Industry Allocation (Top 10) (As on Feb 28, 2021) (% of NAV) Period Principal Personal Tax Nifty 500 - TRI* Nifty 50 - TRI**  Banks 29.88% Saver Fund (Scheme’s Benchmark) (Additional Benchmark)  Consumer Non Durables 9.04% Returns $PTP Returns $PTP Returns $PTP  Software 8.83% (%) Returns (%) Returns (%) Returns 1 Year (28-02-2020 to 26-02-2021) 32.95 13285.13 33.47 13336.51 31.37 13127.10  Petroleum Products 8.65% 3 Years (28-02-2018 to 26-02-2021) 7.08 12275.77 10.86 13621.05 12.88 14377.95  Pharmaceuticals 8.09% 5 Years (29-02-2016 to 26-02-2021) 13.79 19070.83 17.31 22207.41 17.29 22188.63  Finance 6.97% Since Inception (31-03-1996 to 26-02-2021) 18.76 726569.47 13.68 244477.59 12.73 198074.98  Industrial Products 4.52% Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.  Auto 4.24% Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $  Telecom - Services 3.27% PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period. Please refer page 30 for annexure of returns for all scheme managed by the fund manager.  Construction Project 3.16% *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 Feb 28, 2021) (% 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. 19 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 February 28, 2021

Fund Details Portfolio

Minimum Investment Amount (`) Name % of NAV Name % of NAV Lumpsum Special Products Finance 14.00 Eicher Motors Ltd. 0.93 New Investor- ` 5,000 SIP- ` 500£ General Insurance Corporation Of India 1.22 Maruti Suzuki India Ltd. 0.84 Existing Investor- ` 1,000 STP- ` 1,000 Piramal Enterprises Ltd. 1.18 Cement 5.32  RWP- ` 500 SBI Cards & Payment Services Ltd. 1.16 Grasim Industries Ltd. 1.22 Bajaj Holdings & Investment Ltd. 1.08 Ultratech Cement Ltd. 1.10 £ 12 installments each Muthoot Finance Ltd. 1.00 Ambuja Cements Ltd. 1.01 Power Finance Corporation Ltd. 0.99 Shree Cement Ltd. 1.01 Asset Under Managment (` Cr) Bajaj Finserv Ltd. 0.98 ACC Ltd. 0.98 MAAUM: 23.19 HDFC Life Insurance Company Ltd. 0.97 Power 4.63 AUM: 22.98 ` Housing Development Finance Corporation Ltd. 0.94 Adani Transmission Ltd. 1.60 HDFC Asset Management Company Ltd. 0.93 Power Grid Corporation of India Ltd. 1.03 Bajaj Finance Ltd. 0.93 Adani Green Energy Ltd. 1.02 SBI Life Insurance Company Ltd. 0.90 NTPC Ltd. 0.98 Load Structure ICICI Lombard General Entry Load: NIL 0.87 Petroleum Products 4.05 Insurance Company Ltd. Bharat Petroleum Corporation Ltd. 1.08 Exit Load: Nil [w.e.f. March 01, 2019] ICICI Prudential Life Insurance Company Ltd. 0.85 Hindustan Petroleum Corporation Ltd. 1.03 Consumer Non Durables 12.32 Indian Oil Corporation Ltd. 0.99 Procter & Gamble Hygiene 1.06 and Health Care Ltd. Reliance Industries Ltd. 0.95 Allotment Date & Benchmark United Breweries Ltd. 0.94 Transportation 3.48 Allotment Date Colgate Palmolive (India) Ltd. 0.92 Container Corporation of India Ltd. 1.29  Regular Plan: July 27, 1999 Tata Consumer Products Ltd. 0.92 Adani Ports and Special Economic Zone Ltd. 1.29 Marico Ltd. 0.90 Interglobe Aviation Ltd. 0.90 Direct Plan: January 1, 2013 Gas 2.92 Nifty 100 Equal Weight Dabur India Ltd. 0.89 Benchmark: ITC Ltd. 0.88 GAIL (India) Ltd. 1.07 Index - TRI Godrej Consumer Products Ltd. 0.87 Petronet LNG Ltd. 0.94 United Spirits Ltd. 0.86 Indraprastha Gas Ltd. 0.91 Plans Regular Plan & Direct Plan. Britannia Industries Ltd. 0.85 Non - Ferrous Metals 2.43 Options Both the Plans offer Growth & Dividend Berger Paints India Ltd. 0.85 Hindalco Industries Ltd. 1.31 Option. Dividend Option under both the Plans Hindustan Unilever Ltd. 0.81 Hindustan Zinc Ltd. 1.12 offers facility of Payout, Reinvestment and Sweep. Nestle India Ltd. 0.79 Auto Ancillaries 2.33 Asian Paints Ltd. 0.78 Motherson Sumi Systems Ltd. 1.26 Fund Manager Details Banks 9.68 Bosch Ltd. 1.07  Minerals/Mining 2.04 Name: Rajat Jain State Bank of India 1.33  NMDC Ltd. 1.02 Managing Since: August 2015 Bank of Baroda 1.28 Punjab National Bank 1.18 Coal India Ltd. 1.02 Total Experience: 31 years IndusInd Bank Ltd. 1.13 Ferrous Metals 2.03 Axis Bank Ltd. 1.08 Tata Steel Ltd. 1.05 Ratios & Other Details (As on February 26, 2021) ICICI Bank Ltd. 1.06 JSW Steel Ltd. 0.98 Standard Deviation^ (Annualised): 23.21% HDFC Bank Ltd. 1.00 Consumer Durables 1.98 Beta^ : 1.00 Kotak Mahindra Bank Ltd. 0.83 Havells India Ltd. 1.12 Sharpe Ratio^ (Annualised) : 0.26 Bandhan Bank Ltd. 0.79 Titan Company Ltd. 0.86 Portfolio Turnover Ratio**: 0.40 Pharmaceuticals 9.20 Construction 1.22 Tracking Deviation*: 0.69% Lupin Ltd. 0.95 DLF Ltd. 1.22 Sun Pharmaceutical Industries Ltd. 0.92 Pesticides 1.14 Cipla Ltd. 0.86 UPL Ltd. 1.14 Expense Ratio# (As on February 28, 2021) Aurobindo Pharma Ltd. 0.86 Industrial Capital Goods 1.09 Direct Plan - 0.66 % ` Alkem Laboratories Ltd. 0.85 Siemens Ltd. 1.09 Oil 1.08 Regular Plan - 0.96 % Abbott India Ltd. 0.83 Divi's Laboratories Ltd. 0.82 Oil & Natural Gas Corporation Ltd. 1.08 Cadila Healthcare Ltd. 0.81 Construction Project 1.04 For NAV details, please refer page 6 Torrent Pharmaceuticals Ltd. 0.79 Larsen & Toubro Ltd. 1.04 Note: ^ The above measures have been calculated by taking rolling returns for Dr. Reddy's Laboratories Ltd. 0.77 Retailing 1.02 Avenue Supermarts Ltd. 1.02 a 3 year period with 3.47% risk free rate of return (1 days - MIBOR Rate As on Biocon Ltd. 0.74 Telecom - Equipment & Accessories 0.98 February 26, 2021). Software 7.32 Wipro Ltd. 0.98 Indus Towers Ltd. 0.98 ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or Telecom - Services 0.98 purchases made during the 12 month rolling year/period divided by the 12 Info Edge (India) Ltd. 0.97 Infosys Ltd. 0.92 Bharti Airtel Ltd. 0.98 month rolling year/period Average asset under Management for the relevant Tata Consultancy Services Ltd. 0.91 Chemicals 0.89 year/period (As on February 28, 2021). Pidilite Industries Ltd. 0.89 # Larsen & Toubro Infotech Ltd. 0.90 Weighted Average TER for the month, includes GST on management fees. HCL Technologies Ltd. 0.90 Total Equity 99.62 * Since Benchmark of the Fund change from Nity 50 to Nifty 100 Equal Weight Tech Mahindra Ltd. 0.88 Treasury Bills 0.04 (w.e.f 10-May-2018), Tracking Error is Calculated as below – Oracle Financial Services Software Ltd. 0.86 91 DAY T-BILL Sovereign 0.04 • Nifty 50 TRI is consider from ( 01-Sep-2016 to 09-May-2018) & Auto 6.45 TREPS / Reverse Repo Investments 0.43 • Nifty 100 Equal Weight TRI is consider for (10-May-2018 to 26-Feb-2021) Tata Motors Ltd. 1.67 TREPS 0.43 Mahindra & Mahindra Ltd. 1.03 Cash & Cash Equivalents -0.09 Industry Allocation (Top 10) (As on Feb 28, 2021) (% of NAV) Bajaj Auto Ltd. 1.02 Net Assets 100.00 Hero MotoCorp Ltd. 0.96 Top 10 Equity Holdings  Finance 14.00% * Holding less than 0.75%  Consumer Non Durables 12.32%  Banks 9.68%  Pharmaceuticals 9.20% Performance (As on 26/02/2021)  Software 7.32%  Auto 6.45% Period Principal Nifty 100 Nifty 100 Equal Nifty 50 - TRI Equal Weight Fund Weight - TRI (Additional Benchmark)  Cement 5.32% (Scheme’s Benchmark)  Power 4.63% Returns $PTP Returns $PTP Returns $PTP  Petroleum Products 4.05% (%) Returns (%) Returns (%) Returns  Transportation 3.48% 1 Year (28-02-2020 to 26-02-2021) 35.48 13536.84 39.68 13955.31 31.37 13127.10 3 Years (28-02-2018 to 26-02-2021) 7.10 12281.93 7.70 12491.06 12.88 14377.95 Market Cap Allocation (As on Feb 28, 2021) (% of NAV) 5 Years (29-02-2016 to 26-02-2021) 13.16 18547.60 15.48 20526.59 17.29 22188.63 Since Inception (27-07-1999 to 26-02-2021) 10.66 89179.10 NA NA 13.32 148880.72 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 30 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. 20 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 February 28, 2021 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 19.06 Retailing 0.96 RWP- ` 500 HDFC Bank Ltd. 6.75 Avenue Supermarts Ltd. 0.96 £12 installments each ICICI Bank Ltd. 5.12 Chemicals 0.79 State Bank of India 2.25 Rossari Biotech Ltd. 0.79 Asset Under Managment (` Cr) Axis Bank Ltd. 2.06 Other Equities* 11.41 MAAUM: 1,101.47 Kotak Mahindra Bank Ltd. 2.02 Total 75.90 AUM: 1,067.98 ` The Federal Bank Ltd. 0.86 DERIVATIVES Futures - National Stock Software 9.69 Index -0.96 Load Structure Infosys Ltd. 5.38 Exchange of India Ltd. Entry Load: NIL Tata Consultancy Services Ltd. 2.43 BONDS & NCD 8.91 Housing Development Exit Load: If redeemed/ switched on or HCL Technologies Ltd. 1.12 CRISIL AAA 2.12 Finance Corporation Ltd before 1 year from the date of allotment: - Tech Mahindra Ltd. 0.76 Nil for redemption/ switch out of units upto The Ramco Cements Ltd [ICRA]AA+ 1.24 24% of the units allotted (the limit) - 1% on Finance 9.14 REC Ltd CRISIL AAA 1.20  redemption in excess of 24% of the limit Housing Development Finance Indian Railway Finance 3.54 CRISIL AAA 0.99 stated above- Redemption of units would Corporation Ltd. Corporation Ltd be done on First in First out Basis (FIFO) Nil Bajaj Finance Ltd. 1.47 Larsen & Toubro Ltd CRISIL AAA 0.99 thereafter Bajaj Finserv Ltd. 1.11 National Bank for Allotment Date & Benchmark Max Financial Services Ltd. 1.09 Agriculture and Rural [ICRA]AAA 0.83 Allotment Date SBI Cards & Payment Services Ltd. 1.05 Development Regular Plan: January 14, 2000 SBI Life Insurance Company Ltd. 0.88 ICICI Bank Ltd [ICRA]AAA 0.49 Direct Plan: January 1, 2013 Petroleum Products 4.64 Ultratech Cement Ltd CRISIL AAA 0.48 Benchmark: CRISIL Hybrid 35+65 - Aggressive Index Reliance Industries Ltd. 4.64 LIC Housing Finance Ltd CRISIL AAA 0.38 National Housing Bank CRISIL AAA 0.19 Plans Regular Plan & Direct Plan. Consumer Non Durables 4.54 Options Both the Plans offer Growth & Monthly Hindustan Unilever Ltd. 1.79 Sovereign 8.04 Dividend Option. Monthly Dividend Option ITC Ltd. 1.12 7.17% Government of India Sovereign 1.47 under both the Plan offers facility of Payout, Varun Beverages Ltd. 0.87 5.22% Government of India Sovereign 1.20 Reinvestment and Sweep. Tata Consumer Products Ltd. 0.76 7.32% Government of India Sovereign 1.19 Fund Manager Details Cement 2.32 6.18% Government of India Sovereign 0.91 Name: Ravi Gopalakrishnan (For Equity Ultratech Cement Ltd. 1.45 7.27% Government of India Sovereign 0.79 Portion), Ashish Aggrawal (Associate Fund Shree Cement Ltd. 0.87 5.15% Government of India Sovereign 0.73 6.84% Government of India Sovereign 0.63 Manager) & Bekxy Kuriakose (For Debt Portion) Construction Project 2.23  5.09% Government of India Sovereign 0.47 Managing Since: July 2019, Oct 2019 & Mar 2016 Larsen & Toubro Ltd. 2.23 5.85% Government of India Sovereign 0.36 Total Experience: 26 years, 16 years & 20 years Telecom - Services 2.17 Bharti Airtel Ltd. 2.17 6.97% Government of India Sovereign 0.29 Month End Quants of the Debt Portfolio Auto Ancillaries 2.16 State Government Securities 0.81 (As on February 28, 2021) 8.25% State Government Motherson Sumi Systems Ltd. 1.09 Sovereign 0.41 Average Maturity: 2.73 years CEAT Ltd. 1.07 of Maharashtra 8.06% State Government Modified Duration:2.25 years Pharmaceuticals 1.94 Sovereign 0.40 Gross Yield to Maturity: 4.90% of Maharashtra Divi's Laboratories Ltd. 1.17 Commercial Paper 0.94 Sun Pharmaceutical Industries Ltd. 0.77 Ratios & Other Details (As on February 26, 2021) Astec Lifesciences Ltd. [ICRA]A1+ 0.94 Standard Deviation^ (Annualised): 16.12% Industrial Products 1.87 Treasury Bills 0.47 Beta^ : 1.08 Polycab India Ltd. 0.97 91 DAY T-BILL Sovereign 0.47 Sharpe Ratio^ (Annualised) : 0.32 Astral Poly Technik Ltd. 0.90 TREPS / Reverse 4.97 Portfolio Turnover Ratio** : 1.22 Auto 1.61 Repo Investments

Equity : 0.33 Maruti Suzuki India Ltd. 0.86 TREPS 4.97 0.84 Debt : Mahindra & Mahindra Ltd. 0.75 Cash & Cash Equivalents -0.04 Derivatives : 0.04 Consumer Durables 1.37 Net Assets 100.00 Dixon Technologies (India) Ltd. 1.37 Top 10 Equity Holdings # * Holding less than 0.75% Expense Ratio (As on February 28, 2021) ` Direct Plan - 0.98 % Regular Plan - 2.22 %

For NAV details, please refer page 6 Performance (As on 26/02/2021) Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.47% risk free rate of return (1 days - MIBOR Rate As on February Period CRISIL Hybrid 35+65 - Principal Hybrid Equity Nifty 50 - TRI 26, 2021). Aggressive Index* Fund (Additional Benchmark) ** The Portfolio Turnover Rate (PTR) means the lower of aggregate sales or (Scheme’s Benchmark) purchases made during the 12 month rolling year/period divided by the 12 month $PTP $PTP $PTP rolling year/period Average asset under Management for the relevant year/period Returns (%) Returns (%) Returns (%) (As on February 28, 2021). Returns Returns Returns # Weighted Average TER for the month, includes GST on management fees. 1 Year (28-02-2020 to 26-02-2021) 24.68 12460.35 25.90 12582.44 31.37 13127.10 3 Years (28-02-2018 to 26-02-2021) 7.53 12432.18 11.89 14005.49 12.88 14377.95 5 Years (29-02-2016 to 26-02-2021) 15.84 20849.69 15.01 20115.54 17.29 22188.63 Since Inception (14-01-2000 to 26-02-2021) 11.16 93490.00 NA NA 12.48 119970.39 Market Cap Allocation (As on Feb 28, 2021) (% of NAV) Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Equity & Equity Related Instruments of Large Cap Co. 61.81 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. Equity & Equity Related Instruments of Mid Cap Co. 11.56 Please refer page 30 for annexure of returns for all scheme managed by the fund manager. Equity & Equity Related Instruments of Small Cap Co. 2.53 * The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200 Debt 19.17 Cash & Other Assets 4.93 Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV Industry Allocation (Top 10) (As on Feb 28, 2021) (% of NAV) 17-Feb-21 0.1507 26.3100 0.2154 37.6300  Banks 19.06% 15-Jan-21 0.1463 25.1500 0.2090 35.9200  Software 10.62% 17-Dec-20 0.1816 24.3100 0.2592 34.6900  Finance 9.81% 17-Nov-20 0.1704 23.3000 NA NA Past performance may or may not be sustained in the future. * On face value of ` 10.  Consumer Non Durables 5.19% Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall  Petroleum Products 4.64% to the extent of payout and statutory levy, if applicable.  Pharmaceuticals 3.97%  Auto Ancillaries 2.86%  Industrial Products 2.83%  Auto 2.32%  Cement 2.32% 21 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.

Data As on February 28, 2021 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 18.51 -13.85 Non - Ferrous Metals 1.07 -1.08 RWP- ` 500 ICICI Bank Ltd. 6.65 -5.59 Hindalco Industries Ltd. 1.07 -1.08 £12 installments each State Bank of India 4.14 -3.66 Consumer Durables 0.86 Axis Bank Ltd. 3.83 -3.46 Dixon Technologies (India) Ltd. 0.86 ` Asset Under Managment ( Cr) HDFC Bank Ltd. 1.91 Construction 0.45 -0.45 MAAUM: 174.28 IndusInd Bank Ltd. 1.14 -1.14 DLF Ltd. 0.45 -0.45 AUM: 177.03 ` Kotak Mahindra Bank Ltd. 0.84 Media & Entertainment 0.24 -0.24 Zee Entertainment Software 8.96 -6.84 0.24 -0.24 Load Structure Enterprises Ltd. Infosys Ltd. 4.25 -2.82 Entry Load: NIL Other Equities* 9.56 Exit Load: 0.25% for redemptions within Tata Consultancy Services Ltd. 2.72 -2.02 Total Equity 66.07 -42.72 7 days from the date of allotment. Tech Mahindra Ltd. 1.99 -2.00 [w.e.f. March 01, 2019] BONDS & NCD 3.49 Petroleum Products 5.02 -3.63 Indian Railway Finance  CRISIL AAA 1.19 Allotment Date & Benchmark Reliance Industries Ltd. 4.02 -2.63 Corporation Ltd Allotment Date Hindustan Petroleum Corporation Ltd. 1.00 -1.00 NTPC Ltd CRISIL AAA 0.61 Regular Plan: December 16, 2010 Pharmaceuticals 5.00 -4.36 Indian Oil Corporation Ltd CRISIL AAA 0.57 Direct Plan: January 1, 2013 Divi's Laboratories Ltd. 2.33 -1.68 Benchmark: 50% Nifty 100 - TRI + 35% CRISIL Short Bajaj Finance Ltd. CARE AAA 0.57 Housing Development Term Bond Index + 15% Nifty Arbitrage Index Dr. Reddy's Laboratories Ltd. 1.63 -1.63 CRISIL AAA 0.55 Cipla Ltd. 1.04 -1.05 Finance Corporation Ltd. Plans Regular Plan & Direct Plan. Sovereign 5.14 Auto 4.37 -3.64 Options Both the Plans offer Growth & Monthly 7.32% Government of India Sovereign 1.20 Dividend Option. Monthly Dividend Option Tata Motors Ltd. 2.81 -2.83 6.97% Government of India Sovereign 1.18 under both the Plans offers facility of Payout, Maruti Suzuki India Ltd. 1.01 -0.55 Reinvestment and Sweep. 5.22% Government of India Sovereign 1.11 Mahindra & Mahindra Ltd. 0.55 -0.26 5.15% Government of India Sovereign 1.10 Fund Manager Details Finance 4.01 -1.95 Housing Development 5.85% Government of India Sovereign 0.55 Name: Ravi Gopalakrishnan (for Equity 2.73 -1.82 Portion) & Bekxy Kuriakose (For Debt Portion) Finance Corporation Ltd. State Government Securities 1.22 8.25% State Government Managing Since: July 2019 & January 2018 Bajaj Finance Ltd. 0.82 Sovereign 0.61 Max Financial Services Ltd. 0.46 -0.13 of Maharashtra Total Experience: 26 years & 20 years 8.06% State Government Sovereign 0.61 Month End Quants of the Debt Portfolio Cement 2.79 -2.76 of Maharashtra (As on February 28, 2021) Grasim Industries Ltd. 1.87 -1.88 Treasury Bills 0.34 Average Maturity: 2.22 years Ultratech Cement Ltd. 0.68 -0.63 91 DAY T-BILL Sovereign 0.34 Modified Duration:1.82 years ACC Ltd. 0.24 -0.25 TREPS / Reverse Repo Gross Yield to Maturity: 4.83% Telecom - Services 2.53 -1.87 Investments / Term 8.56 Deposits Placed as Margins Bharti Airtel Ltd. 2.53 -1.87 Ratios & Other Details (As on February 26, 2021) Cash & Cash Equivalents 15.18 Standard Deviation^ (Annualised): 7.70% Consumer Non Durables 1.43 -1.39 Net Assets 100.00 Beta^ : 0.65 Hindustan Unilever Ltd. 1.22 -1.20 Sharpe Ratio^ (Annualised) : 0.26 ITC Ltd. 0.21 -0.19 Portfolio Turnover Ratio** : 5.67 Construction Project 1.27 -0.66 Equity : 0.71 Top 10 Equity Holdings Larsen & Toubro Ltd. 1.27 -0.66 Debt : 0.64 * Holding less than 0.75%

Derivatives : 4.31 NET EQUITY : 23.35

Expense Ratio# (As on February 28, 2021) Direct Plan - 1.05 % ` Regular Plan - 2.60 %

For NAV details, please refer page 6 Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 3.47% risk free rate of return (1 days - MIBOR Rate As on February 26, 2021). ** 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 February 28, 2021). # Weighted Average TER for the month, includes GST on management fees. Performance (As on 26/02/2021) Industry Allocation of Equity Instruments (Top 10) Period Principal Balanced 50% Nifty 100 TRI + Nifty 50 - TRI (As on February 28, 2021) (% of NAV) Advantage Fund 35% CRISIL Short Term (Additional Benchmark) Bond Index + 15% Nifty  Banks 18.51% Arbitrage Index  Software 9.23% (Scheme’s Benchmark)  Pharmaceuticals 5.85% Returns $PTP Returns $PTP Returns $PTP  Finance 5.40% (%) Returns (%) Returns (%) Returns  Petroleum Products 5.02% 1 Year (28-02-2020 to 26-02-2021) 11.85 11181.91 19.24 11918.17 31.37 13127.10  Auto 4.37% 3 Years (28-02-2018 to 26-02-2021) 5.29 11670.05 10.24 13393.27 12.88 14377.95  Cement 3.57% 5 Years (29-02-2016 to 26-02-2021) 8.18 14813.14 12.53 18041.94 17.29 22188.63  Telecom - Services 2.53% Since Inception (16-12-2010 to 26-02-2021) 8.50 22990.00 9.73 25797.04 10.49 27669.21 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past  Consumer Durables 2.09% 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.  Consumer Non Durables 1.61% Please refer page 30 for annexure of returns for all scheme managed by the fund manager. Market Cap Allocation (As on Feb 28, 2021) (% of NAV) Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV 17-Feb-21 0.0540 13.9200 0.0617 15.9100 15-Jan-21 0.0537 13.7400 0.0613 15.6900 17-Dec-20 0.0679 13.6600 0.0774 15.5700 17-Nov-20 0.0669 13.5300 0.0762 15.4100 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 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 February 28, 2021 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 Banks 16.98 -2.94 Auto Ancillaries 1.81 -0.11 Existing Investor- ` 1,000 STP- ` 1,000  RWP- ` 500 ICICI Bank Ltd. 5.55 -1.04 Subros Ltd. 0.95 £12 installments each HDFC Bank Ltd. 3.29 CEAT Ltd. 0.75 IndusInd Bank Ltd. 2.22 -1.21 Exide Industries Ltd. 0.11 -0.11 Asset Under Managment (` Cr) State Bank of India 1.88 -0.55 Industrial Capital Goods 1.57 MAAUM: 63.49 Axis Bank Ltd. 1.61 -0.14 ABB India Ltd. 1.57 AUM: 63.66 ` The Federal Bank Ltd. 1.31 Chemicals 1.36 Kotak Mahindra Bank Ltd. 1.12 Rossari Biotech Ltd. 1.36 Load Structure Finance 7.71 -5.05 Construction Project 1.22 Housing Development Finance Entry Load: NIL 5.29 -5.05 Larsen & Toubro Ltd. 1.22 Exit Load: Nil (w.e.f August 02, 2017) Corporation Ltd. Max Financial Services Ltd. 1.43 Construction 0.94 Multi Commodity Exchange of India Ltd. 0.99 Brigade Enterprises Ltd. 0.94 Allotment Date & Benchmark Cement 0.42 -0.39 Allotment Date Consumer Non Durables 6.95 -3.01 Ultratech Cement Ltd. 0.42 -0.39 Regular Plan: May 23, 2002 ITC Ltd. 2.11 -2.06 Direct Plan: January 1, 2013 Non - Ferrous Metals 0.23 -0.23 Benchmark: Nifty Equity Savings Index United Spirits Ltd. 1.89 -0.95 Godrej Consumer Products Ltd. 1.17 Hindalco Industries Ltd. 0.23 -0.23 Dabur India Ltd. 0.91 Other Equities* 3.63 Plans Regular Plan & Direct Plan. Britannia Industries Ltd. 0.87 Total Equity 67.19 -17.13 Options Both the Plans offer Growth & Half yearly Auto 5.48 -3.36 DERIVATIVES and Quarterly Dividend Option. Futures - National Stock  -3.44 Maruti Suzuki India Ltd. 5.48 -3.36 Exchange of India Ltd Industrial Products 4.56 BONDS & NCD 6.49 Fund Manager Details  Housing Development Polycab India Ltd. 3.54 CRISIL AAA 1.60 Name: Sudhir Kedia (For Equity Portion) & Finance Corporation Ltd Schaeffler India Ltd. 1.02 Gurvinder Singh Wasan (For Debt Portion) Ultratech Cement Ltd CRISIL AAA 1.59 Petroleum Products 4.44 -1.61 Indian Railway Finance Managing Since: October 2019 & May 2019 CRISIL AAA 0.84 Total Experience: 14 years & 16 years Reliance Industries Ltd. 2.76 -1.40 Corporation Ltd NTPC Ltd CRISIL AAA 0.84 Bharat Petroleum Corporation Ltd. 1.47 Month End Quants of the Debt Portfolio Hindustan Petroleum REC Ltd CRISIL AAA 0.82 (As on February 28, 2021) 0.21 -0.21 National Bank for Agriculture Corporation Ltd. [ICRA]AAA 0.80 Average Maturity: 1.69 years Pharmaceuticals 3.28 -0.43 and Rural Development Sovereign 7.07 Modified Duration:1.42 years Divi's Laboratories Ltd. 1.13 -0.43 Gross Yield to Maturity: 4.58% 5.15% Government of India Sovereign 4.60 Indoco Remedies Ltd. 1.12 Portfolio Turnover Ratio** : 4.14 7.17% Government of India Sovereign 1.64 Equity : 1.01 IPCA Laboratories Ltd. 1.03 7.27% Government of India Sovereign 0.83 Debt : 0.09 Software 2.73 Derivatives : 3.04 Treasury Bills 0.30 Tata Consultancy Services Ltd. 1.13 91 DAY T-BILL Sovereign 0.30 HCL Technologies Ltd. 0.84 # (As on February 28, 2021) TREPS / Reverse Repo Expense Ratio Infosys Ltd. 0.76 Direct Plan - 0.94 % ` Investments / Term 14.97 Deposits Placed as Margins Regular Plan - 2.41 % Telecom - Services 1.95 Cash & Cash Equivalents 3.98 Bharti Airtel Ltd. 1.95 Net Assets 100.00 Consumer Durables 1.93 For NAV details, please refer page 6 Amber Enterprises India Ltd. 1.93 Note: ** The Portfolio Turnover Rate (PTR) means the lower of aggregate  sales or purchases made during the 12 month rolling year/period divided by NET EQUITY : 50.06 Top 10 Equity Holdings *Holding less than 0.75% the 12 month rolling year/period Average asset under Management for the relevant year/period (As on February 28, 2021). # Weighted Average TER for the month, includes GST on management fees.

Industry Allocation (Top 10) (As on Feb 28, 2021) (% of NAV) Performance (As on 26/02/2021) Period Nifty Equity  Banks 16.98% Principal Equity Savings CRISIL 10 Year Gilt Index Savings Index Consumer Non Fund (Additional Benchmark)  8.24% (Scheme’s Benchmark) Durables $PTP $PTP $PTP Returns (%) Returns (%) Returns (%)  Finance 8.13% Returns Returns Returns  Auto 5.48% 1 Year (28-02-2020 to 26-02-2021) 20.91 12084.54 15.44 11539.68 4.93 10491.67  Industrial Products 4.56% 3 Years (28-02-2018 to 26-02-2021) 8.52 12776.91 9.35 13072.43 8.94 12927.43  Petroleum Products 4.44% 5 Years (29-02-2016 to 26-02-2021) 9.47 15715.17 10.69 16612.89 7.34 14246.07  Pharmaceuticals 3.82% Since Inception (23-05-2002 to 26-02-2021) 8.21 44032.80 NA NA 6.83 34552.58 Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.  Software 2.73% Past performance may or may not be sustained in future. Returns (in ) are calculated on Compounded Annualised Basis (CAGR). $ Consumer Durables 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 30 for annexure of returns for all scheme managed by the fund manager.  Auto Ancillaries 2.30%

Dividend Update Market Cap Allocation (As on Feb 28, 2021) (% of NAV) Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV Quarterly Dividend (Last 3 Quarters) 17-Dec-20 0.3161 13.9706 NA NA 17-Sep-20 0.2966 13.1673 0.3759 16.6917 17-Dec-19 0.1746 12.7363 0.0535 15.8473 Half Yearly Dividend 17-Dec-20 0.6139 13.5676 0.6112 13.5132 17-Dec-19 0.1600 12.0846 0.2300 11.9707 17-Jun-19 0.5100 12.3253 0.6700 12.3010 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. 23 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 February 28, 2021 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 Banks 20.73 -20.82 ` RWP- 500 ICICI Bank Ltd. 9.05 -9.08 £12 installments each State Bank of India 8.20 -8.24 Asset Under Managment (` Cr) Axis Bank Ltd. 3.48 -3.50 MAAUM: 10.46 Pharmaceuticals 13.32 -13.39 AUM: 9.99 ` Dr. Reddy's Laboratories Ltd. 5.54 -5.56 Aurobindo Pharma Ltd. 4.45 -4.48 Load Structure Entry Load: NIL Sun Pharmaceutical Industries Ltd. 3.33 -3.35 Exit Load: 0.50% - If redeemed on or before Telecom - Services 7.21 -7.25 30 days from the date of allotment. NIL - If Bharti Airtel Ltd. 7.21 -7.25 redeemed after 30 days from the date of Construction Project 6.64 -6.68 allotment. Larsen & Toubro Ltd. 6.64 -6.68 Allotment Date & Benchmark Allotment Date Petroleum Products 5.22 -5.24 Regular Plan: April 21, 2016 Reliance Industries Ltd. 5.22 -5.24 Direct Plan: April 21, 2016 Software 4.52 -4.54 Benchmark: Nifty 50 Arbitrage Index Infosys Ltd. 4.52 -4.54 Plans Regular Plan & Direct Plan. Ferrous Metals 4.27 -4.30 Options Both the Plans offer Monthly* Dividend & Growth Option. Monthly* Dividend Option JSW Steel Ltd. 4.27 -4.30 under both the Plan offers facility of Payout, Cement 3.42 -3.45 Reinvestment and Sweep. Grasim Industries Ltd. 3.42 -3.45 Fund Manager Details Construction 2.00 -2.00 Name: Rajat Jain DLF Ltd. 2.00 -2.00 Managing Since: April 2016 Media & Entertainment 1.21 -1.21 Total Experience: 31 years Zee Entertainment Enterprises Ltd. 1.21 -1.21 Total Equity 68.54 -68.88 Other Details (As on February 28, 2021) Portfolio Turnover Ratio** : 9.32 Treasury Bills 0.10 Equity : 1.04 91 DAY T-BILL Sovereign 0.10 Debt : 0.01 TREPS / Reverse Repo Investments / 9.12 Derivatives : 8.27 Term Deposits Placed as Margins Cash & Cash Equivalents 22.24 Net Assets 100.00

Expense Ratio# (As on February 28, 2021) Direct Plan - 0.45 % ` Regular Plan - 0.87 %

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 26/02/2021) relevant year/period. Period Principal Arbitrage Nifty 50 Arbitrage Index CRISIL 1 Year T-Bill Index # 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 Feb 28, 2021) (% of NAV) 1 Year (28-02-2020 to 26-02-2021) 1.21 10120.80 1.86 10185.86 5.47 10545.57 3 Years (28-02-2018 to 26-02-2021) 1.47 10448.34 4.54 11423.49 6.65 12127.08  Banks 20.73% Since Inception (21-04-2016 to 26-02-2021) 3.00 11545.00 4.75 12526.65 6.50 13577.04  Pharmaceuticals 13.32% Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.  Telecom - Services 7.21% Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $  Construction Project 6.64% PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period.  Petroleum Products 5.22% Please refer page 30 for annexure of returns for all scheme managed by the fund manager.  Software 4.52%  Ferrous Metals 4.27%  Cement 3.42%  Construction 2.00% Dividend Update  Media & Entertainment 1.21% 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. 24 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 February 28, 2021 Fund Details Portfolio

Minimum Investment Amount (`) Name Rating % of NAV Lumpsum Special Products New Investor- ` 5,000 SIP- ` 2,000 Sovereign 1.08 Existing Investor- ` 1,000 STP- ` 1,000 7.80% Government of India Sovereign 1.08 RWP- ` 500 Commercial Paper 20.97 6 installments each Reliance Industries Ltd CRISIL A1+ 6.46 Asset Under Managment (` Cr) Grasim Industries Ltd CRISIL A1+ 5.37 MAAUM: 188.45 AUM: 185.05 ` Tata Power Company Ltd CRISIL A1+ 4.84 Astec Lifesciences Ltd. [ICRA]A1+ 4.30 Treasury Bills 43.16 Load Structure 182 DAY T-BILL Sovereign 10.75 Entry Load: NIL Exit Load* 91 DAY T-BILL Sovereign 10.74 364 DAY T-BILL Sovereign 8.08 Investor exit upon Exit load as a % of subscription redemption proceeds 182 DAY T-BILL Sovereign 5.38 Day 1 0.0070% 182 DAY T-BILL Sovereign 5.37 Day 2 0.0065% 91 DAY T-BILL Sovereign 2.12 Day 3 0.0060% 91 DAY T-BILL Sovereign 0.72 Day 4 0.0055% TREPS / Reverse Repo Investments 35.77 Day 5 0.0050% Day 6 0.0045% TREPS 35.77 Day 7 onwards 0.0000% Cash & Cash Equivalents -0.98 * with effect from October 20, 2019. Net Assets 100.00

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 February 28, 2021) Average Maturity: 15 Days Modified Duration:15 Days Gross Yield to Maturity: 3.11% Macaulay Duration: 15 Days

Expense Ratio# (As on February 28, 2021) Direct Plan - 0.12 % ` Performance (As on 28/02/2021) Regular Plan - 0.21 % 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 (29-02-2020 to 28-02-2021) 3.42 10342.33 4.27 10426.75 5.46 10546.16 3 Years (28-02-2018 to 28-02-2021) 2.45 10754.20 6.16 11966.09 6.64 12129.41 Composition By Assets (As on Feb 28, 2021) (% of NAV) 5 Years (29-02-2016 to 28-02-2021) 4.30 12342.63 6.51 13709.98 6.56 13741.96 Since Inception (30-08-2004 to 28-02-2021) 6.62 28827.61 6.95 30316.66 6.17 26851.46 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.  Treasury Bills 43.16% Please refer page 30 for annexure of returns for all scheme managed by the fund manager.  Commercial Paper 20.97%  Sovereign 1.08%  Cash and Other Assets 34.79% Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV Rating Profile(As on Feb 28, 2021) (% of NAV) Monthly Dividend (Last 3 Months) 17-Feb-21 2.9556 1025.6800 3.0405 1025.7817 15-Jan-21 2.2943 1025.0187 2.3666 1025.1078 17-Dec-20 2.2916 1025.0160 2.3615 1025.1027 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.)

25 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 February 28, 2021 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 27.28 RWP- ` 500 Bajaj Finance Ltd CARE AAA 5.71 6 installments each Indian Railway Finance Corporation Ltd CRISIL AAA 4.00 REC Ltd CRISIL AAA 3.53 Asset Under Managment (` Cr) Small Industries Development Bank of India 21-Jun-2 CARE AAA 3.47 MAAUM: 183.71 HDB Financial Services Ltd CRISIL AAA 3.12 AUM: 204.42 ` National Bank for Agriculture and Rural Development CRISIL AAA 2.49 Cholamandalam Investment & Finance Co. Ltd IND AA+ 2.48 LIC Housing Finance Ltd CRISIL AAA 1.24 Load Structure Ultratech Cement Ltd CRISIL AAA 0.99 Entry Load: NIL Power Grid Corporation of India Ltd CRISIL AAA 0.25 Exit Load: NIL Sovereign 3.93 7.80% Government of India Sovereign 3.93 Allotment Date & Benchmark State Government Securities 4.73 Allotment Date 8.62% State Government of Gujarat Sovereign 2.51 Regular Plan: December 28, 2007 8.46% State Government of Maharashtra Sovereign 1.47 Direct Plan: January 1, 2013 8.59% State Government of Gujarat Sovereign 0.75 Benchmark: Nifty Ultra Short Duration Debt Index Commercial Paper 22.87 Plans Regular Plan & Direct Plan. Reliance Industries Ltd CRISIL A1+ 4.89 Options Both the Plans offer Dividend & Growth Grasim Industries Ltd CRISIL A1+ 4.88 Option. Dividend Frequency - Regular Plan: Daily & Weekly Dividend - Reinvestment Facility Monthly Housing Development Finance Corporation Ltd CRISIL A1+ 4.34 Dividend - Payout, Reinvestment and Sweep Astec Lifesciences Ltd. [ICRA]A1+ 3.42 facility. Direct Plan: Monthly Dividend - Payout, Kotak Mahindra Prime Ltd CRISIL A1+ 2.44 Reinvestment and Sweep facility. LIC Housing Finance Ltd. CRISIL A1+ 2.41 Fund Manager Details Tata Power Company Ltd CRISIL A1+ 0.49 Name: Ms. Bekxy Kuriakose Certificate of Deposits 2.86 Managing Since: May 2019 Axis Bank Ltd CRISIL A1+ 2.86 Total Experience: 20 years Treasury Bills 24.98 91 DAY T-BILL Sovereign 9.76 Month End Quants of the Debt Portfolio 364 DAY T-BILL Sovereign 8.28 (As on February 28, 2021) 364 DAY T-BILL Sovereign 3.90 Average Maturity: 85 Days 182 DAY T-BILL Sovereign 2.43 Modified Duration:81 Days 91 DAY T-BILL Sovereign 0.37 Gross Yield to Maturity: 3.47% 182 DAY T-BILL Sovereign 0.24 Macaulay Duration: 84 Days TREPS / Reverse Repo Investments 13.23 TREPS 13.23 # Expense Ratio (As on February 28, 2021) Cash & Cash Equivalents 0.12 Direct Plan - 0.23% ` Net Assets 100.00 Regular Plan - 1.05%

For NAV details, please refer page 6 Note: # Weighted Average TER for the month, includes GST on management fees. Performance (As on 26/02/2021) 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 Feb 28, 2021) (% of NAV) Composition By Assets Returns $PTP Returns $PTP Returns $PTP (%) Returns (%) Returns (%) Returns 1 Year (28-02-2020 to 26-02-2021) 3.55 10353.94 5.14 10512.40 5.47 10545.57  BONDS & NCD 27.28% 3 Years (28-02-2018 to 26-02-2021) 3.67 11141.70 6.95 12232.73 6.65 12127.08  Treasury Bills 24.98% 5 Years (29-02-2016 to 26-02-2021) 4.98 12746.01 7.16 14128.23 6.56 13739.31  Commercial Paper 22.87% Since Inception (28-12-2007 to 26-02-2021) 6.06 21700.81 8.22 28311.31 6.48 22873.47 State Government  4.73% Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Securities Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). $  Sovereign 3.93% PTP (Point to Point) Returns are based on standard investment of ` 10,000/- made at the beginning of relevant period.  Certificate of Deposits 2.86% Please refer page 30 for annexure of returns for all scheme managed by the fund manager.  Cash and Other Assets 13.35%

Dividend Update Date Regular Plan Direct Plan Rating Profile(As on Feb 28, 2021) (% of NAV) Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV Monthly Dividend (Last 3 Months) 17-Feb-21 2.3693 1061.1985 3.1559 1062.0245 15-Jan-21 1.6954 1060.5246 2.3828 1061.2514 17-Dec-20 1.9664 1060.7956 2.6700 1061.5386 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.

26

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 February 28, 2021 Fund Details Portfolio

Minimum Investment Amount (`) Name Rating % of NAV Lumpsum Special Products New Investor- ` 5,000 SIP- ` 2,000 BONDS & NCD 61.01 Existing Investor- ` 1,000 STP- ` 1,000 HDB Fnancial Services Ltd CRISIL AAA 6.18 RWP- ` 500 REC Ltd CRISIL AAA 5.95 6 installments each Indian Railway Finance Corporation Ltd CRISIL AAA 5.92 Asset Under Managment (` Cr) National Bank for Agriculture and Rural Development CRISIL AAA 4.99 MAAUM: 109.42 Ultratech Cement Ltd CRISIL AAA 4.94 AUM: 103.27 ` Cholamandalam Investment & Finance Co. Ltd IND AA+ 4.91 L&T Finance Ltd IND AAA 4.90 Housing Development Finance Corporation Ltd CRISIL AAA 3.95 Load Structure LIC Housing Finance Ltd CRISIL AAA 3.44 Entry Load: NIL Exit Load: NIL (w.e.f December 26, 2019) National Housing Bank CRISIL AAA 2.99 Small Industries Development Bank of India CARE AAA 2.95 Allotment Date & Benchmark Indian Oil Corporation Ltd CRISIL AAA 2.92 Allotment Date NTPC Ltd CRISIL AAA 2.59 Regular Plan: September 14, 2004 Direct Plan: January 1, 2013 Bajaj Finance Ltd IND AAA 2.43 Benchmark: CRISIL Low Duration Debt Index The Ramco Cements Ltd [ICRA]AA+ 1.95 Sovereign 15.10 Plans Regular Plan & Direct Plan. 6.17% Government of India Sovereign 5.81 Options Both the Plans offer Dividend & Growth Option. Dividend Frequency - Daily / Weekly / 5.09% Government of India Sovereign 4.90 Monthly 7.80% Government of India Sovereign 3.89 8.79% Government of India Sovereign 0.50 Fund Manager Details State Government Securities 6.90 Name: Ms. Bekxy Kuriakose 8.62% State Government of Gujarat Sovereign 4.96 Managing Since: May 2019 8.46% State Government of Maharashtra Sovereign 1.94 Total Experience: 20 years Commercial Paper 3.85 Month End Quants of the Debt Portfolio Reliance Industries Ltd. CRISIL A1+ 2.90 (As on February 28, 2021) Housing Development Finance Corporation Ltd. CRISIL A1+ 0.95 Average Maturity: 236 Days Certificate of Deposits 3.78 Modified Duration:219 Days Gross Yield to Maturity: 3.97% Axis Bank Ltd. CRISIL A1+ 3.78 Macaulay Duration: 234 Days Treasury Bills 3.90 364 DAY T-BILL Sovereign 2.89 Expense Ratio# (As on February 28, 2021) 91 DAY T-BILL Sovereign 1.01 Direct Plan - 0.20 % ` TREPS / Reverse Repo Investments 2.80 Regular Plan - 0.55 % TREPS 2.80 Cash & Cash Equivalents 2.66 For NAV details, please refer page 6 Net Assets 100.00 Note: # Weighted Average TER for the month, includes GST on management fees.

Composition By Assets (As on Feb 28, 2021) (% of NAV)

 BONDS & NCD 61.01% Performance (As on 26/02/2021)  Sovereign 15.10% Period Principal Low Duration CRISIL Low Duration CRISIL 1 Year T-Bill State Government Fund Debt Index Index  6.90% Securities (Scheme’s Benchmark) (Additional Benchmark)  Treasury Bills 3.90% Returns $PTP Returns $PTP Returns $PTP (%) Returns (%) Returns (%) Returns  Commercial Paper 3.85% 1 Year (28-02-2020 to 26-02-2021) 4.23 10421.66 6.40 10638.24 5.47 10545.57  Certificate of Deposits 3.78% 3 Years (28-02-2018 to 26-02-2021) -0.27 9920.47 7.75 12508.63 6.65 12127.08  Cash and Other Assets 5.46% 5 Years (29-02-2016 to 26-02-2021) 2.91 11543.44 7.77 14536.28 6.56 13739.31 Since Inception (14-09-2004 to 26-02-2021) 6.27 27197.96 7.51 32947.62 6.18 26824.25 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 30 for annexure of returns for all scheme managed by the fund manager. Rating Profile(As on Feb 28, 2021) (% 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. 27 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 February 28, 2021 Fund Details Portfolio

Minimum Investment Amount (`) Name Rating % of NAV Lumpsum Special Products BONDS & NCD 57.50 New Investor- ` 5,000 SIP- ` 2,000 Existing Investor- ` 1,000 STP- ` 1,000 Indian Railway Finance Corporation Ltd CRISIL AAA 6.00 RWP- ` 500 Housing Development Finance Corporation Ltd CRISIL AAA 4.67 6 installments each Ultratech Cement Ltd CRISIL AAA 4.67 National Bank for Agriculture and Rural Development CRISIL AAA 4.18 Asset Under Managment (` Cr) Indian Oil Corporation Ltd CRISIL AAA 3.97 MAAUM: 153.18 NTPC Ltd CRISIL AAA 3.91 AUM: 152.13 ` HDFC Bank Ltd CRISIL AAA 3.53 ICICI Bank Ltd [ICRA]AAA 3.45 Load Structure Power Finance Corporation Ltd CRISIL AAA 3.45 Entry Load: NIL National Housing Bank CRISIL AAA 3.42 Exit Load: NIL (w.e.f December 26, 2019) LIC Housing Finance Ltd CRISIL AAA 3.41 Reliance Industries Ltd CRISIL AAA 3.41 Allotment Date & Benchmark Hindustan Petroleum Corporation Ltd CRISIL AAA 3.39 Allotment Date The Ramco Cements Ltd [ICRA]AA+ 3.31 Regular Plan: May 09, 2003 Direct Plan: January 1, 2013 REC Ltd CRISIL AAA 2.73 Benchmark: CRISIL Short-Term Bond Fund Index Sovereign 22.23 7.27% Government of India Sovereign 4.50 Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth 5.15% Government of India Sovereign 4.49 Option. 6.18% Government of India Sovereign 3.71 Dividend Frequency Monthly 6.79% Government of India Sovereign 3.38 7.17% Government of India Sovereign 2.74 Fund Manager Details 6.84% Government of India Sovereign 2.71 Name: Gurvinder Singh Wasan 7.32% Government of India Sovereign 0.70 Managing Since: April 2011 Total Experience: 16 years State Government Securities 6.47 6.45% State Government of Maharashtra Sovereign 6.47 Month End Quants of the Debt Portfolio TREPS / Reverse Repo Investments 12.44 (As on February 28, 2021) Average Maturity: 3.00 years TREPS 12.44 Modified Duration:2.49 years Cash & Cash Equivalents 1.36 Gross Yield to Maturity: 5.18% Net Assets 100.00 Macaulay Duration: 2.64 years

Expense Ratio# (As on February 28, 2021) Direct Plan - 0.63 % ` Regular Plan - 1.03 %

For NAV details, please refer page 6 Note: # Weighted Average TER for the month, includes GST on management fees. Performance (As on 26/02/2021) 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 Feb 28, 2021) (% of NAV) 1 Year (28-02-2020 to 26-02-2021) 7.05 10703.06 7.52 10750.31 4.93 10491.67 3 Years (28-02-2018 to 26-02-2021) 4.19 11308.85 8.53 12781.63 8.94 12927.43 5 Years (29-02-2016 to 26-02-2021) 5.49 13061.93 8.16 14796.94 7.34 14246.07 Since Inception (09-05-2003 to 26-02-2021) 7.13 34086.80 7.36 35457.92 6.10 28709.96  BONDS & NCD 57.50% Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.  Sovereign 22.23% 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. State Government  6.47% Please refer page 30 for annexure of returns for all scheme managed by the fund manager. Securities  Cash and Other Assets 13.80% Dividend Update Date Regular Plan Direct Plan Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV Monthly Dividend (Last 3 Months) 17-Dec-20 0.0550 12.8744 0.0597 12.9115 Rating Profile(As on Feb 28, 2021) (% of NAV) 17-Nov-20 0.0910 12.9104 0.0962 12.9480 16-Oct-20 0.1178 12.9372 0.1317 12.9835 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.

28 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 February 28, 2021 Fund Details Portfolio Name Rating / Industry % of NAV Minimum Investment Amount (`) Mutual Fund Units / Exchange Traded Funds 97.83 Lumpsum Special Products PGIF Origin Global Smaller Companies Fund - Usd I Class Accumulation Mutual Fund 97.83 New Investor- ` 10,000 SIP- ` 2,000 Treasury Bills 0.04 Existing Investor- ` 1,000 STP- ` 1,000 91 DAY T-BILL Sovereign 0.04 RWP- ` 500 TREPS / Reverse Repo Investments 3.33 TREPS 3.33 6 installments each Cash & Cash Equivalents -1.20 Net Assets 100.00 Asset Under Managment (` Cr) MAAUM: 25.10 AUM: 25.57 ` Principal Global Investor Fund - Origin Global Smaller Companies Fund (Underlying Fund) as on January, 31 2021 Load Structure % of % of Name Name Entry Load: NIL NAV NAV Exit Load: If redeemed on or before 1 Year PennyMac Financial Services, Inc. 1.46 Compania de Transmissao de Energia Eletrica Paulista Pfd 0.46 from the date of allotment - 1%. Deckers Outdoor Corporation 1.43 Group 1 Automotive, Inc. 0.45 Virtus Investment Partners, Inc. 1.31 Flow Traders NV 0.45 Helen of Troy Limited 1.26 Concentrix Corporation 0.45 Installed Building Products, Inc. 1.10 Chicony Power Technology Co., Ltd. 0.45 Allotment Date & Benchmark Generac Holdings Inc. 1.07 Lonking Holdings Limited 0.44 Flagstar Bancorp, Inc. 1.07 Compeq Manufacturing Co., Ltd. 0.44 Allotment Date Axon Enterprise Inc 1.06 Sitronix Technology Corp. 0.43 Regular Plan: March 29, 2004 Lithia Motors, Inc. Class A 1.03 Vistry Group PLC 0.43 Gurit Holding AG 1.03 PT Sarana Menara Nusantara Tbk 0.42 Direct Plan: January 2, 2013 Haitian International Holdings Limited 1.02 J2 Global, Inc. 0.42 Kindred Group plc Shs Swedish Depository Receipts 0.99 NMI Holdings, Inc. Class A 0.42 Benchmark: MSCI All Country World Advanced Energy Industries, Inc. 0.98 LCI Industries 0.41 Small Cap Index - TRI BayCurrent Consulting, Inc. 0.98 ASGN Inc 0.41 Malibu Boats Inc Class A 0.96 Toromont Industries Ltd. 0.41 AllianceBernstein Holding L.P. 0.96 International Money Express, Inc. 0.40 Plans Regular Plan & Direct Plan. SINBON Electronics Co., Ltd. 0.95 Centerra Gold Inc. 0.40 Lifco AB Class B 0.95 Nexteer Automotive Group Limited 0.40 Dividend Frequencies Both the Plans offer GB Group PLC 0.93 Diploma PLC 0.40 Sleep Number Corporation 0.91 Pharming Group NV 0.39 Growth & Dividend Option. Dividend Option Timken Company 0.89 Sunonwealth Electric Machine Industry Co., Ltd. 0.39 under both the Plan offers facility of Payout, Tempur Sealy International Inc 0.89 Lumentum Holdings, Inc. 0.39 Altra Industrial Motion Corp. 0.89 Atkore International Group Inc. 0.39 Reinvestment and Sweep. Swissquote Group Holding Ltd. 0.88 Tianneng Power International Limited 0.39 Novatek Microelectronics Corp. 0.86 Elite Material Co., Ltd. 0.38 King's Town Bank 0.84 iA Financial Corporation Inc. 0.38 UFP Industries, Inc. 0.84 Capcom Co., Ltd. 0.38 Takeuchi Mfg.Co., Ltd. 0.83 OneMain Holdings, Inc. 0.37 Fund Manager Details Asbury Automotive Group, Inc. 0.81 Bellway p.l.c. 0.37 Rajat Jain Grand Pacific Petrochemical Corp. 0.81 Samsung Securities Co., Ltd. 0.36 Name: Corcept Therapeutics Incorporated. 0.80 Medifast, Inc. 0.36 Managing Since: March 2004 Toei Animation Co., Ltd. 0.79 Winnebago Industries, Inc. 0.36 MGIC Investment Corporation 0.78 Williams-Sonoma, Inc. 0.36 Total Experience: 31 years EMCOR Group, Inc. 0.77 Simplo Technology Co. Ltd. 0.36 BYD Electronic (International) Co., Ltd. 0.76 Dogus Otomotiv Servis ve Ticaret Anonim Sirketi 0.35 SLM Corp 0.73 ECHO Marketing, Inc. 0.35 Gamesys Group PLC 0.73 Insight Enterprises, Inc. 0.34 TCS Group Holding Plc Sponsored GDR Class A RegS 0.73 SYNNEX Corporation 0.34 Expense Ratio# (As on February 28, 2021) Scandinavian Tobacco Group A/S 0.71 Turning Point Brands Inc 0.34 Radian Group Inc. 0.70 LGI Homes, Inc. 0.34 ` Direct Plan - 0.99% Ferrexpo plc 0.70 Evolution Gaming Group AB 0.34 United Therapeutics Corporation 0.70 Kiwoom Securities Co., Ltd 0.34 Regular Plan - 1.42% Nu Skin Enterprises, Inc. Class A 0.70 Avanza Bank Holding AB 0.33 Beach Energy Limited 0.69 Howden Joinery Group PLC 0.33 Addus HomeCare Corporation 0.67 Sonos, Inc. 0.33 Kumho Petrochemical Co., Ltd. 0.65 Sino-American Silicon Products Inc. 0.33 Norbord Inc. 0.65 AGCO Corporation 0.32 For NAV details, please refer page 6 Future plc 0.63 Evercore Inc Class A 0.32 # 888 Holdings Plc 0.63 T-Gaia Corporation 0.32 Note: Investors may please note that they will be bearing the expenses of Companhia de Locacao das Americas 0.63 Korea Petro Chemical Ind. Co., Ltd. 0.31 this Scheme in addition to the expenses of the underlying Schemes in which Hansol Chemical Co., Ltd 0.62 Chong Kun Dang Pharmaceutical Corp. 0.31 this Scheme makes investment. Weighted Average TER for the month, IG Group Holdings plc 0.62 Tyman Plc 0.31 KGHM Polska Miedz S.A. 0.61 Champion Iron Ltd. 0.31 includes GST on management fees. AutoNation, Inc. 0.61 Liontrust Asset Management PLC 0.31 Louisiana-Pacific Corporation 0.61 WESCO International, Inc. 0.31 PJT Partners, Inc. Class A 0.61 Brunswick Corporation 0.30 Nolato AB Class B 0.60 Mineral Resources Limited 0.30 Sheng Siong Group Ltd. 0.60 Mastercraft Boat Holdings, Inc. 0.30 Science Applications International Corp. 0.58 Masonite International Corp. 0.30 Computacenter Plc 0.58 Penta-Ocean Construction Co., Ltd. 0.29 Hilltop Holdings Inc. 0.57 Linamar Corporation 0.29 Molina Healthcare, Inc. 0.56 Towa Pharmaceutical Co., Ltd. 0.29 Perficient, Inc. 0.56 Dana Incorporated 0.29 Artisan Partners Asset Management, Inc. Class A 0.56 Axos Financial, Inc. 0.29 Fox Factory Holding Corp. 0.56 FUJI CORPORATION 0.29 ENERJISA ENERJI A.S 0.55 Mycronic AB 0.29 Parex Resources Inc. 0.55 Criteo SA Sponsored ADR 0.29 Relia, Inc. 0.55 Gigabyte Technology Co., Ltd. 0.28 Regional Allocation of underlying fund Canfor Corporation 0.55 B2Gold Corp. 0.28 (As on January, 31 2021) (% of NAV) PROG Holdings, Inc. 0.54 Standex International Corporation 0.28 Exxaro Resources Limited 0.53 Dino Polska S.A. 0.28 XP Power Ltd. 0.53 YETI Holdings, Inc. 0.28 TopBuild Corp. 0.52 Saia, Inc. 0.27 Virtu Financial, Inc. Class A 0.52 Enova International Inc 0.27  North America 53.07% Micro-Star International Co., Ltd. 0.52 CMC Markets Plc 0.27 SciPlay Corp. Class A 0.51 Kforce Inc. 0.27  Emerging Markets 19.74% Reply S.p.A. 0.51 Cresco,Ltd. 0.27 Equitable Group Inc. 0.51 METAWATER Co.Ltd. 0.27  United Kingdom 9.22% Carabao Group Public Company Ltd(Alien Mkt) 0.51 Pacira Biosciences, Inc. 0.26 Builders FirstSource, Inc. 0.50 Medpace Holdings, Inc. 0.26  Europe Ex Uk 8.64% Houlihan Lokey, Inc. Class A 0.49 NH INVESTMENT & SECURITIES CO.LTD. 0.26 Redrow plc 0.49 Lotes Co., Ltd 0.26  Japan 5.25% China Medical System Holdings Ltd. 0.49 Compania de Distribucion Integral Logista Holdings S.A. 0.25 TriNet Group, Inc. 0.48 AURAS Technology Co., Ltd. 0.24  Asia Ex Japan 1.90% Parade Technologies, Ltd. 0.48 LHC Group, Inc. 0.24 Fabrinet 0.47 Cooper Tire & Rubber Company 0.24  Cash 2.17% Murphy USA, Inc. 0.47 Plus500 Ltd. 0.24 Amedisys, Inc. 0.47 CACI International Inc Class A 0.23 HelloFresh SE 0.47 Green Brick Partners, Inc. 0.23 Stifel Financial Corp. 0.46 Asia Vital Components Co., Ltd. 0.22 Qurate Retail, Inc. Class A 0.46 Qurate Retail Inc 8 % Cum Red Pfd Registered Shs Series A 0.11 Arcadyan Technology Corporation 0.46 Aaron's Company Inc 0.09 Torex Gold Resources Inc. 0.46 Cash 2.17 Azimut Holding Spa 0.46 Total 100.00 Industry Allocation of underlying fund (As on January, 31 2021) (% of NAV)  Consumer Discretionary 20.95% Performance (As on 26/02/2021)  Financials 19.43% Period MSCI All Country World Small Industrials 19.01% Principal Global Opportunities Nifty 50 - TRI  Fund Cap Index - TRI (Additional Benchmark)  Information Technology 14.74% (Scheme’s Benchmark)  Materials 8.61% ^Returns $PTP (%) Returns Returns (%) $PTP Returns Returns (%) $PTP Returns  Health Care 5.45% 1 Year (28-02-2020 to 39.29 13916.62 44.40 14425.82 31.37 13127.10  Consumer Staples 3.49% 26-02-2021) Communication Services 3.37% 3 Years (28-02-2018 to  10.49 13483.69 15.29 15319.61 12.88 14377.95  Energy 1.76% 26-02-2021) 5 Years (29-02-2016 to  Utilities 1.01% 16.79 21719.75 16.99 21907.50 17.29 22188.63 26-02-2021)  Cash 2.17% Since Inception (29-03- 8.74 41281.00 13.31 82919.58 14.76 102761.46 2004 to 26-02-2021) 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 30 for annexure of returns for all scheme managed by the fund manager. 29 Annexure for returns of all the schemes (as on 26th February 2021)

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 31.54 9.52 20.01 24.08 12-11-2008 NIFTY Large Midcap 250 Index - TRI 36.62 11.01 18.54 18.12 Principal Focused Multicap Fund 30.25 13.66 17.93 15.36 11-11-2005 S&P BSE 250 Large Midcap - TRI 33.79 11.87 17.69 13.67 Principal Dividend Yield Fund 31.22 9.44 18.86 12.48 15-10-2004 Nifty Dividend Opportunities 50 - TRI 32.15 7.08 15.83 NA Principal Multi Cap Growth Fund 27.36 6.88 17.58 15.21 25-10-2000 NIFTY 500 Multicap 50:25:25 - TRI 37.41 8.97 17.46 NA Principal Balanced Advantage Fund (Equity Portion) 11.85 5.29 8.18 8.50 50% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 16-12-2010 19.24 10.24 12.53 9.73 15% Nifty Arbitrage Index Principal Hybrid Equity Fund (Equity Portion) 24.68 7.53 15.84 11.16 14-01-2000 CRISIL Hybrid 35+65 - Aggressive Index** 25.90 11.89 15.01 NA Principal Small Cap Fund 45.39 NA NA 28.71 13-05-2019 Nifty SmallCap 100 Index - TRI 43.58 NA NA 18.19 Principal Midcap Fund 34.84 NA NA 29.81 30-12-2019 Nifty Midcap 100 - TRI 39.98 NA NA 31.73 FUNDS MANAGED BY Mr. Sudhir Kedia (TOTAL SCHEMES MANAGED : 4 SCHEMES) Principal Tax Savings Fund 33.10 6.95 17.57 15.91 31-03-1996 Nifty 500 Index - TRI$ 33.47 10.86 17.31 13.68 Principal Personal Tax Saver Fund 32.95 7.08 13.79 18.76 31-03-1996 Nifty 500 Index - TRI$ 33.47 10.86 17.31 13.68 Principal Equity Savings Fund (Equity Portion) 20.91 8.52 9.47 8.21 23-05-2002 Nifty Equity Savings Index 15.44 9.35 10.69 NA Principal Midcap Fund 34.84 NA NA 29.81 30-12-2019 Nifty Midcap 100 - TRI 39.98 NA NA 31.73 FUNDS MANAGED BY Mr. Gurvinder Singh Wasan (TOTAL SCHEME MANAGED : 2 SCHEMES) Principal Short Term Debt Fund 7.05 4.19 5.49 7.13 09-05-2003 CRISIL Short Term Bond Fund Index 7.52 8.53 8.16 7.36 Principal Equity Savings Fund (Debt Portion) 20.91 8.52 9.47 8.21 23-05-2002 Nifty Equity Savings Index 15.44 9.35 10.69 NA FUNDS MANAGED BY Mr. Rajat Jain (TOTAL SCHEMES MANAGED : 3 SCHEMES) Principal Nifty 100 Equal Weight Fund 35.48 7.10 13.16 10.66 27-07-1999 Nifty 100 Equal Weight - TRI 39.68 7.70 15.48 NA Principal Arbitrage Fund 1.21 1.47 NA 3.00 21-04-2016 Nifty 50 Arbitrage Index 1.86 4.54 NA 4.75 Principal Global Opportunities Fund 39.29 10.49 16.79 8.74 29-03-2004 MSCI All Country World Small Cap Index - TRI 44.40 15.29 16.99 13.31 FUNDS MANAGED BY MS. Bekxy Kuriakose (TOTAL SCHEMES MANAGED : 5 SCHEMES) Principal Hybrid Equity Fund (Debt Portion) 24.68 7.53 15.84 11.16 14-01-2000 CRISIL Hybrid 35+65 - Aggressive Index** 25.90 11.89 15.01 NA Principal Balanced Advantage Fund (Debt Portion) 11.85 5.29 8.18 8.50 50% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 16-12-2010 19.24 10.24 12.53 9.73 15% Nifty Arbitrage Index Principal Cash Management Fund 3.42 2.45 4.30 6.62 {As on February 28, 2021} 30-08-2004 CRISIL Liquid Fund Index 4.27 6.16 6.51 6.95 Principal Low Duration Fund 4.23 -0.27 2.91 6.27 14-09-2004 CRISIL Low Duration Debt Index 6.40 7.75 7.77 7.51 Principal Ultra Short Term Fund 3.55 3.67 4.98 6.06 28-12-2007 Nifty Ultra Short Duration Debt Index 5.14 6.95 7.16 8.22 FUNDS MANAGED BY MR. SIDDARTH MOHTA (TOTAL SCHEMES MANAGED : 2 SCHEMES) Principal Multi Cap Growth Fund 27.36 6.88 17.58 15.21 25-10-2000 NIFTY 500 Multicap 50:25:25 - TRI 37.41 8.97 17.46 NA Principal Small Cap Fund 45.39 NA NA 28.71 13-05-2019 Nifty SmallCap 100 - TRI Index 43.58 NA NA 18.19 FUNDS MANAGED BY Mr. Ashish Aggarwal (TOTAL SCHEME MANAGED : 1 SCHEME) Principal Hybrid Equity Fund (Equity Portion) 24.68 7.53 15.84 11.16 14-01-2000 CRISIL Hybrid 35+65 - Aggressive Index** 25.90 11.89 15.01 NA 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 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. Sudhir Kedia & Mr. Anirvan Sarkar ( for foreign investments) manages Principal Large Cap Fund (w.e.f. October 2020) 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. Performance of Principal Large Cap Fund is not given as the scheme has not completed 6 months.

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

Principal Asset Management Private Limited - OPA & ISC:

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

• New Delhi: 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.

• Kolkata: 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:

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