mutual fund · 2019-02-08 · mutual fund investments are subject to market risk, read all scheme...
TRANSCRIPT
1Mutual Fund Investments are subject to market risk, read all scheme related documents carefully.
An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Tax Savings Fund
Invest in
SAVE TAX UPTO 46,800*
FUNDS INSIGHTJanuary, 2019
Mutual Fund
An open-ended equity linked saving scheme with astatutory lock in of 3 years and tax benefit
Invest in
� �Tax Savings Wealth Creation
*ELSS is eligible for deduction from taxable income under Section 80C of the Income tax Act, 1961. This implies that investor who is in highest tax slab can save taxes of Rs. 46,800 on investment of Rs.1.5 Lac made in ELSS for FY 2018 -19 of Indian resident below the age of 60 years.
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IndexDetails
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
Principal Equity/Hybrid Funds Snapshot 8
Systematic Investment Plan (SIP) Returns 9
Equity Funds
Principal Emerging Bluechip Fund 11
Principal Multi Cap Growth Fund 12
Principal Tax Savings Fund 13
Principal Personal Tax Saver Fund 14
Principal Focused Multicap Fund 15
Principal Dividend Yield Fund 16
Principal Nifty 100 Equal Weight Fund 17
Hybrid Funds
Principal Arbitrage Fund 18
Principal Hybrid Equity Fund 19
Principal Balanced Advantage Fund 20
Principal Equity Savings Fund 21
Fixed Income FundsPrincipal Cash Management Fund 22
Principal Low Duration Fund 23
Principal Short Term Debt Fund 24
Principal Dynamic Bond Fund 25
Principal Credit Risk Fund 26
Principal Corporate Bond Fund 27
Principal Ultra Short Term Fund 28
Solution Oriented Funds
Principal Retirement Savings Fund (Progressive Plan) 29
Principal Retirement Savings Fund (Conservative Plan) 30
Principal Retirement Savings Fund (Moderate Plan) 31
Fund of Funds
Principal Global Opportunities Fund 32
Other Details
Annexure for returns of all the Schemes 33
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EQUITY & DEBT
MARKET OUTLOOK
Equity Markets Round Up: January 2019
• Globally,Januarywasasignificantrisk-onmonth,onewhereriskassetsgotaboosttoformaminiV-shapedrecovery.Thechangeinmonetarypolicytrajectoryreducedworriesofarecessioninducedbyrapidtighteningoffinancialconditions.TheUSFedkeptratesunchangedasexpectedbutturneddovishinmakingseveralqualitativechangesi.e.achangeinitsinterestratestanceto“patient”from“furthergradualincreases”.TheUS-Chinatradetalksprogressed,drivenbyanintentbyeithersidetothrashoutadealdespitewidegapsonstrategicmatters(security&cybertheft,forcedtransferoftechnology,barrierstomarketaccess,intellectualpropertyissuesetc.).
• Whiletheglobalequitymarketsfaredwelloverthemonth(TheMSCIEM(USD)indexwasup8.73%),sentimentforIndianequities was impacted by a mixed earnings season for 3QFY19 (autos and NBFCs struggled) and investor concerns in companieswithperceivedlapsesincorporategovernanceorinafewcaseswheretherewassignificantsharepledgingbypromoters.Midcapsandsmallcapsstruggledinthisenvironmentofinvestorspreferringsafety.
• Retaildemandforautoindustry,althoughimprovingfromDecemberlevels(accordingtomanagementcommentary)isstillmuted.Mostofthebankswhichhavedeclaredresultssofar(bothPSUsandprivatesector)havehadlowerslippagesandimprovedassetquality.Mostconsumercompanieshavehaddecentunitvolumegrowthduringthequarter.Thecementcompaniescontinuedtoreportgoodvolumenumberswhilepricingremainedunderpressure.ForITcompanies,the3QFY19Resultsweremixedbagwithgrowthbeingbetterthanexpectations,whilemargins lower.Almostno ITcompany inthequarterreportedhealthyrevenuegrowthwithmarginexpansion.Theirmarginsmainlywereimpactedbythehighercostofdeliveryduetosupplysideissuesindevelopedmarkets.
Equity Market Outlook
• Theinterimbudgetwasbroadlyinlinewithmarketexpectationsintermsofdirection.Itproposed(a)increasedfundstransferto land holding farmers and further interest rate subvention to alleviate agrarian stress and (b) tax breaks for people in the lowesttaxslab(c)apensionschemeforworkersintheunorganizedsectorearninguptoRs.15,000permonth(d)supporttorealestatesectorwhichiscurrentlyunderstressaskeymeasures.Thiscouldbepositiveforconsumergoodscompanies,especiallyforitemsofmassmarketconsumption.Ontherevenueside,theestimatesforGSTcollectionandreceiptsfromdivestment(Rs.90,000crores)forFY20appearslightlystretched.TheproposedgrossborrowingfigureforFY20isalsoquitehighandmayimpactlongbondyields.
• ForFY20,agoodportionoftheearningsgrowthisexpectedtocomefromthecorporatefacingbanks.Thesebanksareseeinglowerslippages,havegoodprovisioncoverageandmostagingrelatedprovisionsseemtobebehindthem.Whiletheymayseesomestressontheirpowerexposureandsomewhatontheirretailassets,earningsforthemshouldlikelycomeasexpected.OverallweexpectearningsgrowthforFY20tobebetterthanithasbeenforpast2-3years.
• Weexpectneartermvolatilityonaccountofelectionsandglobalnewsflowaroundgeopoliticalevents,crudeoilpricesandChineseeconomy.AsIndianequitymarketshavecorrectedtheyaretradinginlinewithlongtermvaluationaverages.Assuch,equitymarketsmayofferscopeforreasonablereturnsfromamediumtermperspectivethoughtheyareexpectedtobequitevolatileinthecurrentyear.
Data Item Growth
1 Month 1 yearMSCI EM Index (USD) 8.73 -16.31MSCI EM Index Local 7.13 -11.92MSCI World Index (USD) 7.68 -8.35Indian Rupee -1.89 -11.79Dollar Index (DXY) -0.62 7.23CrudeOil-Brent 15.04 -10.37CRB Index 0.89 -6.90Gold 3.02 -1.78Copper 3.42 -13.33Iron Ore 12.52 7.85Cotton (Cotlook A Index) 3.70 -4.55JPMorganEMFXIndex 3.27 -10.26Data as on 31stJanuary2019.Source:Bloomberg,Bloomberg,NSDLand Sebi websites
Indicators Dec-18 Jan-19FIInetflows(Rs.Crs) 3,143 -4,262MutualFundnetflows(Rs.Crs) 2,283 7,161Exports (USD Billion) 26.50 27.93Imports (USD Billion) 43.17 41.00CPI 2.33 2.19IIP 8.08 0.48Dataason31stJanuary2019.Souce:Bloomberg,NSDLandSebiwebsites
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Fixed Income Market Update: January 2019
• Duringthemonth,wesawyieldsfallmarginallyacrosstbills,giltsandmoneymarketsegment.CorporateyieldsrosemarginallyonSDLsupplyconcerns.AnnouncementofOMOgiltpurchases,issuanceofnewtenyearbenchmark,stableUStreasuryyields,lowerthanexpectedCPIandrisingexpectationsofratecutwerethemainreasonsforrallyinothersegments.
• Thetenyeargiltbenchmarkclosedthemonthat7.33%,4bpslowerthanpreviousmonth.ThetenyearAAACorporatebondbenchmarkclosedat8.61%,10bpshigherthanpreviousmonth.ThefiveyearAAAcorporatebondbenchmarkclosedat8.39%,4bpslowerascomparedtopreviousmonth.TenyearSDLspreadswidenedinarangeof80-85bpstothetenyeargiltbenchmark.HighersupplyasperquarterlySDLcalendarreleasedbyRBIwasthemainreasonforwideningofspreads.
• 1yearCDratesclosedlowerat7.93%,15bpslowerpreviousmonth.1yearTbillyieldclosed16bpslowerat6.76%.3monthCDratesclosedat7.20%(15bpshigher).
• BrentCrudeoilpricesroseduringthemonthtoUSD59.47perbarrel.INRdepreciatedto71.11ascomparedtoRs69.77inpreviousmonth.ForthemonthofJanuary,FPIsturnednetsellersinthedebtmarkettothetuneofRs5703cr.India’sDectradedeficitwascameinloweratUSD13.08bnascomparedtoUSD16.67bninpreviousmonth.
• ThetenyearbenchmarkUStreasuryyieldrosemildlyby6bpstoclosethemonthat2.74%.
• DecWPIdatareleasecameat3.8%,lowerthanthepreviousreadingof4.64%.CPIforDeccameat2.19%comparedto2.33%inpreviousmonth.
• NovemberIndustrialproduction(IIP)growthcameat0.5%comparedto8.4%forpreviousmonth.
• ForthemonthbanksborrowedonanaverageRs33342CratvariousRBI liquidityfacilitiesputtogether reflectingreduceddeficit liquidityconditions.RBIconductedOMOsworthRs50000cr intotalduringthemonth.TheOMOshelpedinadditionaldemandandthereforeloweryieldofgilts.ForthemonthofFebruary,RBIhasalreadyannounceditsintenttoconductRs37500crofOMOgiltpurchases.
• FiscaldatareleasedfortheperiodApriltoDecember2018showsthatat7.01lakhcroresdeficit,itstandsat112.4%ofthefullyeartarget.
• IntheInterimBudgetpresentedonFeb1,theFiscaldeficitforFY19hasbeenrevisedto3.4%fromtheinitial3.3%.AdditionalgrossborrowingofRs36000crforFY19istobeexpected.ThisiscanbenegativeasmarketwasnotexpectinganyfreshsupplyforremainingperiodofFY19.
• ForFY20,thegrossborrowingispeggedatRs7.09lakhcroreascomparedtoRs5.7lakhcr(RE)forFY19.Fiscaldeficitispeggedat3.4%forFY20,alittlehigherthanmarketexpectations.Posttheseannouncementsgiltpriceshavefallenandyieldshaverisen.
Outlook:
• WeexpectmoodtoremainabitsubduedpostBudgetandfocustoshifttotheRBIMonetaryPolicyReviewonFeb7thwhereweexpectRBItomaintainstatusquoonratesandshiftstancefromcalibratedtighteningtoneutral.
• WeexpectBankingSystemliquiditydeficit
• ShortTermmoneymarketratesareexpectedtoremainbenignonstablemarketconditions,maturitiesandplannedliquidityinfusionbywayofOMOs.
• SDLspreadsmaywidenonaccountofhigherborrowingbyStates.
Index 1 Month(%)
3 Months(%)
6 Months(%)
1 Year(%)
Broad Indices
Nifty 50 10831 -0.29 6.20 -4.63 -1.78
S&P BSE Sensex 36257 0.52 6.98 -3.59 0.81
S&P BSE 100 11055 -0.95 5.54 -4.91 -3.19
S&P BSE 200 4588 -1.42 5.15 -5.82 -4.67
S&P BSE 500 14285 -1.76 4.68 -6.72 -6.92
S&P BSE MID CAP 14560 -5.69 1.20 -9.08 -16.15
S&P BSE SMALL CAP 13926 -5.31 -0.58 -16.03 -25.59
Performance As on January 31, 2019*
Index 1 Month(%)
3 Months(%)
6 Months(%)
1 Year(%)
Sectoral Indices
S&P BSE AUTO 18495 -11.23 -5.97 -24.50 -28.72
S&P BSE Bankex 30731 1.17 10.23 -0.89 -0.82
S&P BSE CD 21256 2.71 13.62 1.69 -5.43
S&P BSE CG 17311 -8.02 0.82 -5.38 -14.99
S&P BSE FMCG 11616 -1.80 5.44 -3.30 8.44
S&P BSE HC 13881 -0.30 -3.84 -2.28 -4.66
S&P BSE METAL 10959 -7.44 -13.73 -13.44 -28.97
S&P BSE Oil & Gas 13612 -0.99 4.61 -9.39 -16.84
S&P BSE PSU 6904 -4.59 -1.51 -10.19 -24.26
S&P BSE Teck 7520 6.43 7.26 1.85 10.08
*Performanceforlessthanoneyearareabsolutereturns.Source-MFIExplorer
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How to Read Factsheet
Fund Manager -Anemployeeoftheassetmanagementcompanysuchasamutualfundor life insurer,whomanages investmentsofthescheme.Heisusuallypartofalargerteamoffundmanagersandresearchanalysts.
Application Amount For Fresh Subscription -Thisistheminimuminvestmentamountforanewinvestorinamutualfundscheme.
Minimum Additional Amount -Thisistheminimuminvestmentamountforanexistinginvestorinamutualfundscheme.
Yield To Maturity -TheYieldtoMaturityortheYTMistherateofreturnanticipatedonabondifhelduntilmaturity.YTMisexpressedasanannualrate.TheYTMfactorsinthebond’scurrentmarketprice,parvalue,couponinterestrateandtimetomaturity.
SIP -SIPorsystematicinvestmentplanworksontheprincipleofmakingperiodicinvestmentsofafixedsum.Itworkssimilartoarecurringbankdeposit.Forinstance,aninvestormayoptforanSlPthatinvests` 500 every 15th of the month in an equity fund for a period of three years.
NAV -TheNAVorthenetassetvalueisthetotalassetvalueperunitofthemutualfundafterdeductingallrelatedandpermissibleexpenses.TheNAViscalculatedattheendofeverybusinessday.Itisthevalueatwhichtheinvestorentersorexitsthemutualfund.
Benchmark -Agroupofsecurities,usuallyamarketindex,whoseperformanceisusedasastandardorbenchmarktomeasureinvestmentperformance ofmutual funds, among other investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-YearG-sec.
Entry Load -Amutualfundmayhaveasaleschargeorloadatthetimeofentryand/orexittocompensatethedistributor/agent.Entryloadischargedatthetimeaninvestorpurchasestheunitsofamutualfund.TheentryloadisaddedtotheprevailingNAVatthetimeofinvestment.Forinstance,iftheNAVis`100andtheentryloadis1%,theinvestorwillenterthefundat`101.Note:SEBI,videcirculardatedJune30,2009hasabolishedentryloadandmandatedthattheupfrontcommissiontodistributorswillbepaidbytheinvestordirectlytothedistributor,basedonhisassessmentofvariousfactorsincludingtheservicerenderedbythedistributor.
Exit Load -Exitloadischargedatthetimeaninvestorredeemstheunitsofamutualfund.TheexitloadisdeductedfromtheprevailingNAVatthetimeofredemption.Forinstance,iftheNAVis`100andtheexitloadis1%,theredemptionpricewouldbe`99perunit.
Modified Duration -Modifieddurationisthepricesensitivityandthepercentagechangeinpriceforaunitchangeinyield.
Standard Deviation -Standarddeviationisastatisticalmeasureoftherangeofaninvestment’sperformance.Whenamutualfundhasahighstandarddeviation,itsmeansitsrangeofperformanceiswide,implyinggreatervolatility.
Sharpe Ratio -TheSharpeRatio, namedafter its founder, theNobel LaureateWilliamSharpe, is ameasureof risk-adjusted returns. It iscalculatedusingstandarddeviationandexcessreturntodeterminerewardperunitofrisk.
Beta -Betaisameasureofaninvestment’svolatilityvis-a-visthemarket.Betaoflessthan1meansthatthesecuritywillbelessvolatilethanthemarket.Abetaofgreaterthan1impliesthatthesecurity’spricewillbemorevolatilethanthemarket.
AUM - AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund oranyinvestmentfirm.
Holdings -Theholdingsortheportfolioisamutualfund’slatestorupdatedreportedstatementofinvestments/securities.Theseareusuallydisplayedintermsofpercentagetonetassetsortherupeevalueorboth.Theobjectiveistogiveinvestorsanideaofwheretheirmoneyisbeinginvestedbythefundmanager.
Nature Of Scheme -Theinvestmentobjectiveandunderlyinginvestmentsdeterminethenatureofthemutualfundscheme.Forinstance,amutualfundthataimsatgeneratingcapitalappreciationbyinvestinginstockmarketsisanequityfundorgrowthfund.Likewise,amutualfundthataimsatcapitalpreservationbyinvestingindebtmarketsisadebtfundorincomefund.Eachofthesecategoriesmayhavesub-categories.
Rating Profile -Mutualfundsinvestinsecuritiesafterevaluatingtheircreditworthinessasdisclosedbytheratings.Adepictionofthemutualfundinvariousinvestmentsbasedontheirratingsbecomestheratingprofileofthefund.Typically,thisisafeatureofdebtfunds.
MAAUM - Monthly Average Asset Under Management
++ ICRA has assigned credit risk rating of [ICRA]A1+mfs to Principal Low Duration Fund and credit risk rating of [ICRA]A1 mfs to Principal Cash Management Fund.RatingmethodologyusedbyICRAisbasedonevaluatingtheinherentcreditqualityofthemutualfundsportfolio.Asameasureofthecreditqualityofadebtfund’sassets,ICRAusestheconceptof“creditscores”,basedonICRA’sassessmentofcreditriskassociatedwitheachexposureoftheportfoliotakingintoaccountitsmaturity.Toquantifythecreditriskscores,ICRAusesitsdatabaseofhistoricaldefaultratesforvariousratingcategoriesforvariousmaturitybuckets.ThecreditriskratingsincorporateICRA’sassessmentofadebtfund’spublishedinvestmentobjectivesandpolicies, itsmanagementcharacteristics,andthecreditworthinessofitsinvestmentportfolio.ICRAreviewsrelevantfundinformationonanongoingbasistosupportitspublishedratingopinions. Iftheportfoliocreditscoremeetsthebenchmarkoftheassignedratingduringthereview,therating isretained. Inaneventthatthebenchmarkcreditscoreisbreached,ICRAgivesamonth’stimetothedebtfundmanagertobringtheportfoliocreditscorewithinthebenchmarkcreditscore. If thedebt fundmanager is able to reduce theportfolio credit scorewithin thebenchmark credit score, the rating is retained. If theportfoliostill continues tobreach thebenchmark credit score, the rating is revised to reflect the change in credit quality.The ratings should, however, notbeconstruedasanindicationoftheprospectiveperformanceoftheMutualfundschemeorofvolatilityinitsreturns.ICRAratingsshouldnotbetreatedasrecommendationtobuy,sellorholdtherateddebtinstruments.ICRAratingsaresubjecttoaprocessofsurveillancewhichmayleadtoarevisioninratings.Source: ICRA Ltd.++ CARE’sfundcreditqualityratingisnotarecommendationtopurchase,sell,orholdasecurity/fund.Itneithercommentsonthecurrentmarketprice,suitabilityforaparticularinvestornorontheprospectiveperformanceofthefundwithrespecttoappreciation,volatilityofnetassetvalue(NAV),oryieldofthefund.Theratingsdonotaddressthefundsabilitytomeetthepaymentobligationstotheinvestors.TheratingsarebasedoncurrentinformationfurnishedtoCAREbytheissuerorobtainedbyCAREfromsourcesitconsidersreliable.CAREdoesnot,however,guaranteetheaccuracy,adequacyorcompletenessofanyinformationandisnotresponsibleforanyerrorsoromissionsorfortheresultsobtainedfromtheuseofsuchinformation.CAREdoesnotperformanauditinconnectionwithanyratingandmay,onoccasion,relyonunauditedinformation.Theratingsmaybechanged,suspended,orwithdrawnasaresultofchangesin,orunavailabilityof,suchinformation,orbasedonothercircumstances.FundsratedbyCAREhavepaidaratingfee.
DISCLAIMER:Mutual Fund investments are subject to market risks, read all scheme related documents carefully.Thisfactsheetisforinformativepurposeonlyandundernocircumstancesistobeusedorconsideredasaninvestmentadvice.Termsofissue/loadstructure/Schemespecific risk factorsare set forth in theScheme InformationDocument(SID).Copyof the same is availableatall our InvestorServiceCentres.Alternatively,InvestorcandownloadtheSIDfromourwebsite-www.principalindia.comorcancallusat18004255600togetacopyofthesame.
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Scheme Names This product is suitable for investors who are seeking~ RiskometerPrincipal Focused Multicap Fund (An open ended equity scheme investing in maximum 30 Multi cap stocks)
Long term Capital Growth.•Investment in equity & equity related securities including equity derivatives upto •a maximum of 30 stocks across market capitalization.
Principal Emerging Bluechip Fund (An open ended equity scheme investing in both large cap and midcap stocks.)
Long term Capital Growth. •Investment in equity & equity related securities including equity derivatives of •large & mid capitalization companies.
Principal Multi Cap Growth Fund (An open ended equity scheme investing across large cap, mid cap, small cap stocks)
Long term Capital Growth. •Investment in equity & equity related securities including equity derivatives of •companies across market capitalization.
Principal Dividend Yield Fund (An open ended equity scheme predominantly investing in dividend yielding stocks)
Long term Capital Growth. •Investment in equity & equity related securities including equity derivatives of •high dividend yield Companies.
Principal Nifty 100 Equal Weight Fund (An open ended scheme replicating/ tracking Nifty 100 Equal Weight Index)
Long term Capital Growth. •Investment in equity securities including equity derivatives of Nifty 100 Equal •Weight Index companies.
Principal Balanced Advantage Fund(An Open-ended dynamic asset allocation fund)
Long term Capital Growth.•Investment in equity & equity related securities including equity derivatives as •well as Debt/Money Market securities through a systematic allocation of Funds between Equity & Debt on the basis of the Price Earnings Ratio of Nifty 50.
Principal Personal Tax Saver Fund (An open ended equity linked saving scheme)
Long term Capital Growth with a three year lock-in.•Investment in equity & equity related securities including equity derivatives of •large capitalization Companies.
Principal Tax Savings Fund (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
Long term Capital Growth with a three year lock-in.•Investment in equity & equity related securities including equity derivatives of •companies across market capitalization.
Principal Hybrid Equity Fund(An open ended hybrid scheme investing predominantly in equity and equity related instruments)
Income and Long term Capital Growth.•Investment in equity & equity related securities, debt/money market securities •as well as derivatives.
Principal Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt)
Income generation and capital appreciation over the medium to long term.•Investment in equity and equity related instruments, debt and money market •instruments and arbitrage opportunities.
Principal Retirement Savings Fund -Conservative Plan(An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))
Income generation and capital appreciation over the medium to long term.•Investment in equity and equity related instruments, debt and money market •instruments and arbitrage opportunities.
Principal Retirement Savings Fund -Moderate Plan (An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))
Income and Long term capital growth.•Investment in equity & equity related securities, debt/money market securities •as well as derivatives.
Principal Retirement Savings Fund -Progressive Plan (An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))
Long term Capital Growth.•Investment in equity & equity related securities including equity derivatives of •companies across market capitalization.
Principal Corporate Bond Fund (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds)
Income over a Medium to long term investment horizon.•Investment in AA+ and above Rated Corporate Bond & other Debt and Money •Market Instruments.
Principal Dynamic Bond Fund (An open ended dynamic debt scheme investing across duration)
Income over a long term investment horizon.•Investment in Debt & Money Market Instruments.•
Principal Credit Risk Fund (An open ended debt scheme predominately investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds))
Income over a Medium to long term investment horizon.•Investment in AA and below Rated Corporate Debt & other Debt and Money •Market Instruments.
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.)
Income over a medium term investment horizon.•Investment in Debt & Money Market Instruments.•
Principal Arbitrage Fund (An open ended scheme investing in arbitrage opportunities)
Income over short-term. •Income through arbitrage opportunities between cash and derivative market •and arbitrage opportunities within the derivative segment.
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)
Income over a short term investment horizon.•Investment in Debt & Money Market Instruments.•
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)
Income over a short term investment horizon.•Investment in Debt & Money Market instruments.•
Principal Global Opportunities Fund (An open ended fund of fund scheme investing in Principal Global Investors Funds - Origin Global Smaller Companies Fund)
Long term Capital Growth.•Investment in overseas mutual fund schemes.•
Principal Cash Management Fund (An Open-ended Liquid Scheme)
Income over a short term investment horizon.•Investment in Debt & Money Market Instruments, with maturity not exceeding •91 days.
~Investorsshouldconsulttheirfinancialadvisersifindoubtaboutwhethertheproductissuitableforthem.
Product Suitability
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Equity Funds
Principal Emerging Bluechip Fund (`) Principal Multi Cap Growth Fund (`) Principal Tax Savings Fund (`)RegularPlan-Growth 97.39 RegularPlan-Growth 135.17 RegularPlan-Growth 197.53RegularPlan-HalfYearlyDividendOption 37.61 RegularPlan-HalfYearlyDividendOption 33.42 RegularPlan-HalfYearlyDividendOption 197.53DirectPlan-Growth 102.87 DirectPlan-Growth 141.20 DirectPlan-Growth 203.98DirectPlan-HalfYearlyDividendOption 78.32 DirectPlan-HalfYearlyDividendOption 42.29 DirectPlan-HalfYearlyDividendOption 203.98
Principal Nifty 100 Equal Weight Fund (`) Principal Focused Multicap Fund (`) Principal Dividend Yield Fund (`)RegularPlan-Growth 67.0692 RegularPlan-Growth 60.31 RegularPlan-Growth 50.65RegularPlan-Dividend 39.4179 RegularPlan-HalfYearlyDividendOption 25.67 RegularPlan-HalfYearlyDividendOption 21.78DirectPlan-Growth 69.0353 DirectPlan-Growth 62.91 DirectPlan-Growth 52.23DirectPlan-Dividend 40.5714 DirectPlan-HalfYearlyDividendOption 26.70 DirectPlan-HalfYearlyDividendOption 29.48
Principal Personal Tax Saver Fund (`)RegularPlan-Growth 185.50DirectPlan-Growth 192.17
Hybrid Funds
Principal Hybrid Equity Fund (`) Principal Balanced Advantage Fund (`) Principal Equity Savings Fund (`)RegularPlan-Growth 74.70 RegularPlan-Growth 20.42 RegularPlan-Growth 35.0517RegularPlan-MonthlyDividendOption 25.26 RegularPlan-MonthlyDividendOption 14.27 RegularPlan-QuaterlyDividendOption 12.4187DirectPlan-Growth 79.19 DirectPlan-Growth 21.74 RegularPlan-HalfYearlyDividendOption 11.9599DirectPlan-MonthlyDividendOption 29.21 DirectPlan-MonthlyDividendOption 15.83 DirectPlan-Growth 36.9578
DirectPlan-QuaterlyDividendOption 15.0282DirectPlan-HalfYearlyDividendOption 11.8852
Principal Arbitrage Fund (`)RegularPlan-Growth 10.8930RegularPlan-MonthlyDividendOption 10.1586DirectPlan-Growth 11.0913DirectPlan-MonthlyDividendOption 10.2810
Fixed Income Funds
Principal Cash Management Fund (`) Principal Low Duration Fund (`) Principal Short Term Debt Fund (`)RegularPlan-Growth 1636.9234 RegularPlan-Growth 2903.3564 RegularPlan-Growth 31.9685RegularPlan-DailyDividendOption 941.4926 RegularPlan-DailyDividendOption 1003.5161 RegularPlan-MonthlyDividendOption 12.8441RegularPlan-WeeklyDividendOption 946.9586 RegularPlan-WeeklyDividendOption 1003.5383 DirectPlan-Growth 33.4740RegularPlan-MonthlyDividendOption 966.2283 RegularPlan-MonthlyDividendOption 1140.0354 DirectPlan-MonthlyDividendOption 12.8794DirectPlan-Growth 1644.7479 DirectPlan-Growth 3009.9747DirectPlan-DailyDividendOption 941.6176 DirectPlan-DailyDividendOption 1005.2275DirectPlan-WeeklyDividendOption 947.7511 DirectPlan-WeeklyDividendOption 1003.5476DirectPlan-MonthlyDividendOption 966.6514 DirectPlan-MonthlyDividendOption 1141.4230
Principal Dynamic Bond Fund (`) Principal Credit Risk Fund (`) Principal Corporate Bond Fund (`)RegularPlan-Growth 30.7083 RegularPlan-Growth 2861.1406 RegularPlan-Growth 30.7448RegularPlan-QuaterlyDividendOption 13.4651 RegularPlan-MonthlyDividendOption 1237.5798 RegularPlan-MonthlyDividendOption 10.2860RegularPlan-AnnuallyDividendOption 11.7740 DirectPlan-Growth 2939.1611 RegularPlan-QuaterlyDividendOption 12.2285DirectPlan-Growth 32.1680 DirectPlan-MonthlyDividendOption 1240.8940 DirectPlan-Growth 32.4485DirectPlan-QuaterlyDividendOption 13.5411 DirectPlan-MonthlyDividend 31.8586DirectPlan-AnnuallyDividendOption 12.1472
Principal Ultra Short Term Fund (`)RegularPlan-Growth 1964.3264RegularPlan-DailyDividendOption 978.0921RegularPlan-WeeklyDividendOption 991.9970RegularPlan-MonthlyDividendOption 1033.7213DirectPlan-Growth 2004.4010DirectPlan-MonthlyDividendOption 1037.9554
Solution Oriented Funds
Principal Retirement Savings Fund (CP) (`) Principal Retirement Savings Fund (PP) (`) Principal Retirement Savings Fund (MP) (`)RegularSubPlan-Growth 12.1675 RegularSubPlan-Growth 13.1960 RegularSubPlan-Growth 12.3858DirectSubPlan-Growth 12.3397 DirectSubPlan-Growth 13.4344 DirectSubPlan-Growth 12.6329
Fund of Funds
Principal Global Opportunities Fund (`)RegularPlan-Growth 27.4102RegularPlan-Dividend 27.4102DirectPlan-Growth 28.1275DirectPlan-Dividend 28.1275
NAV (Net Asset Value) (As on January 31, 2019)
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Principal Fixed Income Funds Snapshot (As on January 31, 2019)
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ch
that
Mac
aula
y du
ratio
n of
th
e po
rtfo
lio
is
betw
een
6-12months
Inve
st i
n D
ebt
and
Mon
ey
Mar
ket
inst
rum
ents
su
ch
that
Mac
aula
y du
ratio
n of
th
e po
rtfo
lio
is
betw
een
1-3years
Inve
st a
cros
s du
ratio
nsInvestam
inimum
of65%
into
AA
and
bel
ow r
ated
co
rpor
ate
bond
s (ex
clud
ing
AA
+ co
rpor
ate
bond
s)
Investam
inimum
of80%
into
cor
pora
te b
onds
with
ra
ting
of A
A+
and
abov
e
Inve
st i
n D
ebt
and
Mon
ey
Mar
ket
inst
rum
ents
su
ch
that
Mac
aula
y du
ratio
n of
th
e po
rtfo
lio
is
betw
een
3-6months
Ben
chm
ark
Inde
xC
RIS
IL L
iqui
d Fu
nd In
dex
CR
ISIL
Low
Dur
atio
n D
ebt
Inde
xC
RIS
IL S
hort
Ter
m B
ond
Fund
Inde
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RIS
IL C
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redi
t Ris
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ond
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iqui
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dex
Fu
nd
De
tail
s
Mon
th E
nd A
UM
377.39
282.01
250.90
74.67
78.46
18.43
54.03
Gro
ss Y
TM6.86%
8.37%
8.41%
8.08%
9.29%
8.35%
7.80%
Mod
ifiedDuration
19 D
ays
173
Day
s1.33Yrs
2.5Yrs
1.13Yrs
1.73Yrs
93 D
ays
Aver
age
Mat
urity
20 D
ays
203
Day
s1.62Yrs
3.22Yrs
1.42Yrs
2.2Yrs
101
Day
s
MTM
>60days(%
toNetAssets)
6.51
60.02
79.43
80.03
87.40
91.37
63.40
Exit
Load
NIL
NIL
NIL
If re
deem
ed o
n or
bef
ore
1Yea
r fro
m th
e da
te o
f allotm
ent-1%
If re
deem
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r bef
ore
365
days
from
the
date
of
allotm
ent.-1%
If re
deem
end
on o
r bef
ore
365
days
from
the
date
of
allotm
ent-1%
NIL
Ass
et
All
ocati
on
CertificateofD
eposits
26.91
39.52
NA
NA
NA
NA
23.97
Com
mer
cial
Pap
er50.11
16.69
NA
NA
NA
NA
16.66
BO
ND
S &
NC
DN
A37.18
76.56
53.53
87.40
91.37
52.56
Sove
reig
nN
AN
A8.57
26.50
NA
NA
NA
Trea
sury
Bill
s8.60
2.86
NA
NA
0.09
0.22
0.52
Cas
h an
d O
ther
Ass
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14.38
3.75
14.87
19.97
12.51
8.41
6.29
Rati
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77.02
77.83
59.21
46.52
26.28
78.56
76.09
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SO)
-13.17
17.35
7.01
42.93
12.81
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/ A(S
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/ A-
2.39
--
18.19
--
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reig
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2.86
8.57
26.50
0.09
0.22
0.52
Cas
h an
d O
ther
Ass
ets
14.38
3.75
14.87
19.97
12.51
8.41
6.29
8
Equity Funds Hybrid FundsPrincipal Focused
Multicap FundPrincipal Emerging
Bluechip FundPrincipal Dividend
Yield FundPrincipal Multi Cap
Growth FundPrincipal Tax Savings Fund
Principal Hybrid Equity Fund
Principal Balanced Advanatge Fund
Principal Equity Savings Fund
Category Focused Fund Large andMidcap Fund
Dividend YieldFund
MulticapGrowth Fund ELSS Aggressive
Hybrid Fund
BalancedAdvantage
Fund
Equity SavingsFund
Sche
me
Feat
ures
Type of Scheme
(An open ended equity scheme investing in maximum 30 Multi cap stocks)
(An open ended equity scheme investing in both large cap and midcap stocks.)
(An open ended equity scheme predominantly investing in dividend yielding stocks)
(An open ended equity scheme investing across large cap, mid cap, small cap stocks)
(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
(An open ended hybrid scheme investing predominantly in equity and equity related instruments)
(An Open-ended dynamic asset allocation fund)
(An open ended scheme investing in equity, arbitrage and debt)
Positioning
No of stocks notexceeding 30.
Minimuminvestments of35% each intolarge and midcap stocks.
Seeks to investpredominantly in dividend yielding stocks.
Investing acrosslarge, mid andsmall cap stocks.
Tax savinginvestment option with statutory 3years lock-in.
Equity basedhybrid schemewith 65%-80%equity allocation.
Flexibility to invest 100% in Equity Basis PE ratio.
Investing inEquity, Arbitrage and Debt.
Benchmark Index
S&P BSE 250 Large Midcap Index
NIFTY Large Midcap 250 Index (w.e.f. May 30, 2018)
Nifty Dividend Op-portunities 50 Index
Nifty 500 Index (w.e.f. April 23, 2018)
Nifty 500 Index CRISIL Hybrid 35+65 - Aggressive Index
50% Nifty 100 Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index
"30% Nifty 50 + 70% CRISIL Liquid Fund Index"
Inception Date 11-Nov-05 12-Nov-08 15-Oct-04 25-Oct-00 31-Mar-96 14-Jan-00 16-Dec-10 23-May-02
Fund Manager
Dhimant Shah Dhimant Shah Dhimant Shah P.V.K. Mohan &Siddarth Mohta
P.V.K. Mohan P.V.K. Mohan (For Eq-uity Portion) & Bekxy Kuriakose (For Debt Portion)
P.V.K. Mohan (For Eq-uity Portion) & Bekxy Kuriakose (For Debt Portion)
P.V.K. Mohan (For Equity Portion) & Pankaj Jain (For Debt Portion)
Exit Load If redeemed on or before 1 Year from the date of allotment - 1%
1% - If redeemed within 365 days from the date of al-lotment. Nil - If re-deemed after 365 days from the date of allotment.
NIL "If redeemed/ switched on or before 1 year from the date of allotment: - Nil for redemption/ switch out of units upto 24% of the units allotted (the limit) - 1% on redemption in excess of 24% of the limit stated above- Redemption of units would be done on First in First out Basis (FIFO) Nil thereafter"
Nil (w.e.f August 02, 2017)
Port
folio
Qua
nts Standard Devation 14.83% 18.15% 15.70% 17.07% 17.44% 11.75% 6.03% 4.62%
Beta 1.01 1.13 1.07 1.11 1.14 1.19 0.77 0.88
Sharpe 0.40 0.50 0.63 0.54 0.51 0.75 0.21 0.16
Port
folio
Det
ails
Month End AUM 302.49
1,996.24
197.10
819.97
376.06
1,669.78 168.94
71.29
No. of Stocks 30 78 55 66 65 57 41 43
Top 10 Stocks (%) 48.88 23.87 37.83 35.63 35.96 26.23 42.40 37.39
Top 10 Sector(%) 85.05 69.92 78.84 74.63 77.10 55.26 63.94 63.23
Overweight
Consumer Non Durables Banks Software Power Power Consumer Non
Durables Banks Software
Cement Auto Ancillaries Petroleum Products Fertilisers Fertilisers Power Pharmaceuticals Telecom - Services
Chemicals Chemicals Consumer Non Durables Construction Project Cement Fertilisers Auto Finance
Industrial Products Gas Paper Consumer Non Durables Banks Software Power Pharmaceuticals
Fertilisers Consumer Durables Non - Ferrous MetalsHotels, Resorts And Other Recreational Activities
Construction ProjectHotels, ResoRts And Other Recreational Activities
Petroleum Products Non - Ferrous Metals
Underweight
Finance Consumer Non Durables Ferrous Metals Finance Finance Finance Consumer Durables Auto Ancillaries
Banks Construction Auto Ancillaries Petroleum Products Petroleum Products Auto Industrial Capital Goods Auto
Power Industrial Capital Goods Consumer Durables Software Software Petroleum Products Transportation Chemicals
Pharmaceuticals Textile Products Banks Auto Auto Pharmaceuticals Industrial Products Ferrous Metals
Petroleum Products Construction Project Pharmaceuticals Gas Gas Gas Fertilisers HealthcaRe Services
Equity/Hybrid Funds Snapshot (As on January 31, 2019)Equity/Hybrid Funds Snapshot (As on January 31, 2019)
9
Principal Emerging Bluechip Fund - Growth
Particulars Total Amount Invested (in `)
Scheme’s Returns Scheme’s Benchmark (NIFTY Large Midcap 250 Index - TRI)
Additional Benchmark (Nifty 50 - TRI)
Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -14.03 1,10,678 -7.39 1,15,144 1.57 1,21,0163 Years SIP 3,60,000 5.53 3,91,595 7.95 4,05,933 10.81 4,23,3855 Years SIP 6,00,000 11.71 8,05,238 10.81 7,87,472 10.13 7,74,3027 Years SIP 8,40,000 17.73 15,80,725 13.88 13,77,886 11.62 12,70,78210 Years SIP 12,00,000 17.87 30,70,454 13.59 24,40,347 11.40 21,70,496Since Inception SIP 12,20,000 18.30 32,52,385 13.88 25,52,138 11.61 22,56,391
InceptionDate-November12,2008
Principal Dividend Yield Fund - Growth
Particulars Total Amount Invested (in `)
Scheme’s Returns Scheme’s Benchmark (Nifty Dividend Opportunities 50 Index - TRI)
Additional Benchmark (Nifty 50 - TRI)
Returns Yield () Market Value (in `) Returns Yield () Market Value (in `) Returns Yield () Market Value (in `)1 Year SIP 1,20,000 -6.74 1,15,576 -3.65 1,17,618 1.57 1,21,0163 Years SIP 3,60,000 9.70 4,16,541 9.69 4,16,478 10.81 4,23,3855 Years SIP 6,00,000 10.85 7,88,358 9.80 7,68,019 10.13 7,74,3027 Years SIP 8,40,000 12.51 13,11,728 10.57 12,24,043 11.62 12,70,78210 Years SIP 12,00,000 12.25 22,71,376 11.88 22,26,345 11.40 21,70,496Since Inception SIP 17,10,000 11.25 40,35,539 NA NA 11.70 41,86,308InceptionDate-October15,2004
Principal Focused Multicap Fund - Growth
Particulars Total Amount Invested (in `)
Scheme’s Returns Scheme’s Benchmark (S&P BSE 250 Large Midcap - TRI)
Additional Benchmark (Nifty 50 - TRI)
Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -3.19 1,17,920 -2.63 1,18,285 1.57 1,21,0163 Years SIP 3,60,000 7.02 4,00,377 9.41 4,14,755 10.81 4,23,3855 Years SIP 6,00,000 8.43 7,42,054 10.32 7,77,990 10.13 7,74,3027 Years SIP 8,40,000 11.22 12,52,839 12.44 13,08,715 11.62 12,70,78210 Years SIP 12,00,000 11.57 21,90,423 12.24 22,70,483 11.40 21,70,496Since Inception SIP 15,80,000 11.68 35,83,562 11.61 35,66,083 10.98 34,04,693
InceptionDate-November11,2005
Principal Multi Cap Growth Fund - Growth
Particulars Total Amount Invested (in `)
Scheme’s Returns Scheme’s Benchmark (Nifty 500 Index - TRI)
Additional Benchmark (Nifty 50 - TRI)
Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -9.27 1,13,891 -4.58 1,17,005 1.57 1,21,0163 Years SIP 3,60,000 7.62 4,03,956 8.36 4,08,428 10.81 4,23,3855 Years SIP 6,00,000 10.54 7,82,196 9.73 7,66,537 10.13 7,74,3027 Years SIP 8,40,000 14.38 14,02,645 12.03 12,89,399 11.62 12,70,78210 Years SIP 12,00,000 13.94 24,85,227 11.76 22,12,426 11.40 21,70,496Since Inception SIP 21,90,000 14.94 1,01,48,749 15.31 1,05,71,576 14.46 96,20,777
InceptionDate-October25,2000
Principal Tax Savings Fund - Growth
Particulars Total Amount Invested (in `)
Scheme’s Returns Scheme’s Benchmark (Nifty 500 Index - TRI)**
Additional Benchmark (Nifty 50 - TRI)^
Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -10.05 1,13,366 -4.58 1,17,005 1.57 1,21,0163 Years SIP 3,60,000 7.12 4,00,998 8.36 4,08,428 10.81 4,23,3855 Years SIP 6,00,000 10.20 7,75,653 9.73 7,66,537 10.13 7,74,3027 Years SIP 8,40,000 14.17 13,91,968 12.03 12,89,399 11.62 12,70,78210 Years SIP 12,00,000 13.91 24,81,654 11.76 22,12,426 11.40 21,70,496Since Inception SIP 26,70,000 16.82 2,40,07,632 Not AvailableInceptionDate-March31,1996
Systematic Investment Plan (SIP) Returns (As on January 31, 2019)
SCHEMES MANAGED BY MR. DHIMANT SHAH
SCHEMES MANAGED BY MR. P.V.K. MOHAN & SIDDARTH MOHTA
SCHEMES MANAGED BY MR. P.V.K. MOHAN
Differentplansshallhaveadifferentexpensestructure.ReturnsshownaboveareforRegularPlan-Growthoption.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/-onthe1stbusinessdayofeverymonth.XIRRhelpsincalculatingreturnoninvestmentsgivenaninitialandfinalvalueandaseriesofcashinflowsandoutflowswiththecorrectallowanceforthetimeimpactofthetransactions.Loadisnottakenintoconsiderationforcomputationofperformance.Forperformanceofallschemes,Investorsareadvisedtorefer‘Returns’sectiononpage33.Disclaimer:Theaboveinvestmentsimulationisforillustrativepurposesonlyandshouldnotbeconstruedasapromiseonminimumreturnsandsafeguardofcapital.TheAMC/MutualFundisnotguaranteeingorpromisingorforecastinganyreturns.SIPdoesnotassureaprofitorguaranteeprotectionagainstalossinadecliningmarket.Mr.DhimantShahmanagesPrincipalEmergingBluechipFund(w.e.f.June2011),PrincipalFocusedMulticapFund(w.e.f.July2017)andPrincipalDividendYieldFund(w.e.f.December2011).Mr.P.V.K.MohanmanagesPrincipalMultiCapGrowthFund(w.e.f.September2010),PrincipalTaxSavingsFund(w.e.f.September2010),PrincipalTaxSaverFund(w.e.f.July2017)andEquityportionofPrincipalBalancedAdvantageFundandPrincipalEquitySavingsFund.Mr.SiddarthMohtahasbeenappointedasaAssociateFundManagerofPrincipalMultiCapGrowthFund(w.e.f.August2018)^SinceTRIdataisnotavailablefortheperiod31-03-1996to30-06-1999forNifty50Index,SIPperformanceforsinceinceptionperiodisnotprovided.**SinceTRIdataisnotavailablefortheperiod31-03-1996to26-11-1998forNifty500Index,SIPperformanceforsinceinceptionperiodisnotprovided.*SinceperformancedataforNiftyDividendOpportunities50Indexisnotavailable,SIPperformancesinceinceptionperiodisnotprovided.
10
SCHEMES MANAGED BY MR. P.V.K. MOHAN
SCHEME MANAGED BY MR. P.V.K. MOHAN & MS. BEKXY KURIAKOSE
SCHEME MANAGED BY MR. P.V.K. MOHAN & MR. PANKAJ JAIN
SCHEME MANAGED BY MR. RAJAT JAIN
Principal Balanced Advantage Fund - Growth
Particulars Total Amount Invested (in `)
Scheme’s ReturnsScheme’s Benchmark (50% Nifty 100 TRI + 35% CRISIL Short Term Bond Index + 15%
Nifty Arbitrage) Returns Yield * (%)#Additional Benchmark
(Nifty 50 - TRI)
Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 2.67 1,21,725 4.30 1,46,761 1.57 1,21,0163 Years SIP 3,60,000 5.79 3,93,120 8.15 4,84,758 10.81 4,23,3855 Years SIP 6,00,000 6.66 7,09,939 9.65 8,82,935 10.13 7,74,3027 Years SIP 8,40,000 9.22 11,66,523 10.96 14,01,261 11.62 12,70,782Since Inception SIP 9,70,000 9.57 14,41,291 11.02 17,11,047 11.45 15,59,327InceptionDate-December16,2010
Principal Hybrid Equity Fund - Growth
Particulars Total Amount Invested (in `)
Scheme’s Returns Scheme’s Benchmark (CRISIL Hybrid 35+65 - Aggressive Index)#
Additional Benchmark (Nifty 50 - TRI)
Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -2.34 1,18,475 1.87 1,21,210 1.57 1,21,0163 Years SIP 3,60,000 10.11 4,19,075 8.51 4,09,294 10.81 4,23,3855 Years SIP 6,00,000 11.59 8,02,940 9.51 7,62,466 10.13 7,74,3027 Years SIP 8,40,000 13.61 13,64,616 10.98 12,42,299 11.62 12,70,78210 Years SIP 12,00,000 12.92 23,53,284 10.84 21,06,971 11.40 21,70,496Since Inception SIP 22,80,000 13.60 95,81,260 9.82 62,77,182 14.24 1,03,09,759InceptionDate-January14,2000
Principal Nifty 100 Equal Weight Fund - Growth
Particulars Total Amount Invested (in `)
Scheme’s Returns Scheme’s Benchmark (Nifty 100 Equal Weight - TRI)~
Additional Benchmark (Nifty 50 - TRI)
Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -12.99 1,11,385 -13.41 1,11,103 1.57 1,21,0163 Years SIP 3,60,000 2.67 3,75,030 2.72 3,75,279 10.81 4,23,3855 Years SIP 6,00,000 4.66 6,75,084 6.50 7,07,107 10.13 7,74,3027 Years SIP 8,40,000 7.35 10,91,089 10.08 12,02,851 11.62 12,70,78210 Years SIP 12,00,000 8.10 18,23,021 10.99 21,24,315 11.40 21,70,496Since Inception SIP 23,40,000 11.02 77,04,391 NA NA 14.13 1,11,13,409InceptionDate-July27,1999Differentplansshallhaveadifferentexpensestructure.ReturnsshownaboveareforRegularPlan-Growthoption.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/-onthe1stbusinessdayofeverymonth.XIRRhelpsincalculatingreturnoninvestmentsgivenaninitialandfinalvalueandaseriesofcashinflowsandoutflowswiththecorrectallowanceforthetimeimpactofthetransactions.Loadisnottakenintoconsiderationforcomputationofperformance.Forperformanceofallschemes,Investorsareadvisedtorefer‘Returns’sectiononpage33.Disclaimer:Theaboveinvestmentsimulationisforillustrativepurposesonlyandshouldnotbeconstruedasapromiseonminimumreturnsandsafeguardofcapital.TheAMC/MutualFundisnotguaranteeingorpromisingorforecastinganyreturns.SIPdoesnotassureaprofitorguaranteeprotectionagainstalossinadecliningmarket.Mr.P.V.KMohanmanagesPrincipalTaxSaverFund(w.e.f.July2017),PrincipalBalancedAdvantageFund–EquityPortion(w.e.f.July2017)PrincipalHybridEquityFund–EquityPortion(w.e.f.May2010)andPrincipalEquitySavingsFund–EquityPortion(w.e.f.June2016).Mr.PankajJainmanagesPrincipalEquitySavingsFund–Debtportion(w.e.f.January2018).Ms.BekxyKuriakosemanagesPrincipalHybridEquityFund-DebtPortion(w.e.f.Mar2016)andPrincipalBalancedAdvantageFund-DebtPortion(w.e.f.January01,2018)Mr.RajatJainmanagesPrincipalNifty100EqualWeightFund(w.e.f.August2015)*Freshsaleofunitsi.e.bywayofpurchase/Switch-insandregistrationoffreshSIParrangementundertheSchemeissuspendedtillfurthernotice.#TheequitycomponentofCRISILHybrid35+65-AggressiveIndexisrepresentedbytotalreturnsvariantofS&PBSE200WitheffectfromJune10,2018,freshallotmentofunitsinPrincipalPersonalTaxsaverFundevenincaseofSIPsregisteredpriortocloseofbusinesshoursofMarch31,2017issuspended.^SinceTRIdataisnotavailablefortheperiod31-03-1996to30-06-1999forNifty50Index,SIPperformanceforsinceinceptionperiodisnotprovided.**SinceTRIdataisnotavailablefortheperiod31-03-1996to26-11-1998forNifty500Index,SIPperformanceforsinceinceptionperiodisnotprovided.~SinceperformancedataforNifty100EqualWeightIndexisnotavailable,SIPperformancesinceinceptionperiodisnotprovided.
Systematic Investment Plan (SIP) Returns (As on January 31, 2019)
Principal Equity Savings Fund - Growth
Particulars Total Amount Invested (in `)
Scheme’s Returns Scheme’s Benchmark (30% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index)
Additional Benchmark (CRISIL 10 year Gilt Index)
Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 0.69 120447 5.88 123780 10.93 1269863 Years SIP 3,60,000 5.11 389114 8.32 408251 5.00 3884565 Years SIP 6,00,000 6.04 698888 8.24 738803 6.54 7078467 Years SIP 8,40,000 6.36 1053202 8.90 1155582 6.75 106777810 Years SIP 12,00,000 6.43 1670002 8.81 1899501 6.55 1680564Since Inception SIP 20,00,000 7.03 3727447 9.37 4869151 6.27 3474774InceptionDate-May23,2002
Principal Personal Tax Saver Fund - Growth*
Particulars Total Amount Invested (in `)
Scheme’s Returns Scheme’s Benchmark (Nifty 500 Index- TRI)**
Additional Benchmark (Nifty 50 - TRI)^
Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `) Returns Yield (%) Market Value (in `)1 Year SIP 1,20,000 -9.54 1,13,710 -4.58 1,17,005 1.57 1,21,0163 Years SIP 3,60,000 3.17 3,77,904 8.36 4,08,428 10.81 4,23,3855 Years SIP 6,00,000 5.91 6,96,718 9.73 7,66,537 10.13 7,74,3027 Years SIP 8,40,000 9.43 11,75,176 12.03 12,89,399 11.62 12,70,78210 Years SIP 12,00,000 9.88 20,02,241 11.76 22,12,426 11.40 21,70,496Since Inception SIP 27,30,000 17.19 2,73,93,153 Not AvailableInceptionDate-March31,1996
11
Principal Emerging Bluechip Fund(Anopenendedequityschemeinvestinginbothlargecapandmidcapstocks.)
Investment Objective:TheprimaryobjectiveoftheSchemeistoachievelong-termcapitalappreciationbyinvestinginequity&equityrelatedinstrumentsoflargecap&midcapcompanies.
Fund Details Portfolio
Dividend UpdateDate Regular Plan Direct Plan
Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV15-Dec-17 5.92 48.24 N.A. N.A.16-Jun-17 12.10 54.31 N.A. N.A.23-Dec-16 4.50 46.71 N.A. N.A.Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.
Market Cap Allocation (As on January 31, 2019) (% of NAV)
Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of other than Large & Mid Cap CompaniesOthersTreasury BillMutual FundsCash & Other Assets
42.49%36.23%
16.30%
1.28% 0.06% 0.36%3.28%
0%
10%
20%
30%
40%
50%
Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.50%riskfreerateofreturn(1days-MIBORRateAsonJanuary31,2019).** 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 January 31, 2019). # Total ExpenseRatioincludesGSTonmanagementfees.
Performance (As on 31/01/2019)
Period Principal Emerging Bluechip Fund
NIFTY Large Midcap 250 Index - TRI
(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
1Year(31-01-2018to31-01-2019) -12.75 8725.14 -8.23 9176.85 -0.37 9963.053Years(29-01-2016to31-01-2019) 14.95 15205.31 14.41 14993.95 14.20 14909.675Years(31-01-2014to31-01-2019) 22.90 28050.12 17.94 22826.55 13.61 18930.26SinceInception(12-11-2008to31-01-2019) 24.93 97390.00 18.00 54297.77 15.32 42965.44Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of ` 10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.
DataAsonJanuary31,2019
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNewInvestor-`5,000 SIP-` 500£
ExistingInvestor-`1,000STP-`1,000 RWP-` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM:2,026.72
AUM:1,996.24
Allotment Date & Benchmark Allotment Date
RegularPlan:November12,2008DirectPlan:January1,2013
Benchmark: NIFTY Large Midcap 250 Index(w.e.f.May30,2018)
`
Load StructureEntry Load: NILExit Load: If redeemed on or before 1 Year fromthedateofallotment-1%
Plans RegularPlan&DirectPlan.Options Both the Plans offer Growth & HalfYearlyDividendOption.Half Yearly Dividend Option under both the Plans offersfacilityofPayout,ReinvestmentandSweep.
Ratios & Other Details (As on January31,2019)Standard Deviation^ (Annualised): 18.15%Beta^ : 1.13Sharpe Ratio^ (Annualised) : 0.50 Portfolio Turnover Ratio**:0.69
Fund Manager DetailsName: Dhimant Shah
Managing Since: June2011Total Experience: 27 years
Expense Ratio# (As on January31,2019)Direct Plan - 0.65 %
Regular Plan - 2.16 %`
Sector Allocation (As on January 31, 2019) (% of NAV)
Banks 15.90% Consumer Non Durables 8.22% Finance 7.74% Software 7.67% Pharmaceuticals 6.31% Industrial Products 5.86% Chemicals 5.61% Auto Ancillaries 4.77% Consumer Durables 4.38% Gas 3.46% Auto 2.85% Petroleum Products 2.41% Cement 2.20% Transportation 2.07% Construction Project 2.02% Media & Entertainment 1.93% Textile Products 1.60% Hotels,ResortsAndOther
Recreational Activities 1.17% Services 1.15% Pesticides 1.05% Power 1.01% Retailing 0.99% Textiles-Cotton 0.96% Construction 0.89% Ferrous Metals 0.88% Commercial Services 0.86% Non-FerrousMetals 0.83% Telecom-Equipment&Accessories 0.81% Paper 0.70%
Market Cap Ranges will be determined as per prevailing SEBI/ AMFI guidelines where· Large Cap: 1st-100thcompanyintermsoffullmarketcapitalization.· Mid Cap:101st-250thcompanyintermsoffullmarketcapitalization.· Small Cap:251stcompanyonwardsintermsoffullmarketcapitalization.
Top 10 Equity Holdings*Holdinglessthan0.75%#->LessThan0.005%
Name Rating % of NAV
Banks 15.31HDFCBankLtd. 4.32ICICIBankLtd. 2.80KotakMahindraBankLtd. 1.87State Bank of India 1.47AxisBankLtd. 1.44RBLBankLtd. 1.25CityUnionBankLtd. 1.10TheFederalBankLtd. 1.06Consumer Non Durables 8.22BritanniaIndustriesLtd. 2.53ITCLtd. 1.40JubilantFoodworksLtd. 1.35VarunBeveragesLtd. 1.10GlaxoSmithKlineConsumerHealthcareLtd. 1.02ParagMilkFoodsLtd. 0.82Finance 7.74BajajFinanceLtd. 2.18BajajFinservLtd. 1.54BharatFinancialInclusionLtd. 1.42Mahindra&MahindraFinancialServicesLtd. 1.31MuthootFinanceLtd. 1.29Software 7.67TataConsultancyServicesLtd. 2.19InfosysLtd. 1.82L&TTechnologyServicesLtd. 1.45CyientLtd. 1.13Larsen&ToubroInfotechLtd. 1.08Pharmaceuticals 6.31TorrentPharmaceuticalsLtd. 1.76Divi'sLaboratoriesLtd. 1.50BioconLtd. 1.07NatcoPharmaLtd. 1.00JubilantLifeSciencesLtd. 0.98Chemicals 5.61FineOrganicIndustriesLtd. 1.33NavinFluorineInternationalLtd. 1.26AtulLtd. 1.13TataChemicalsLtd. 1.10NOCILLtd. 0.79Auto Ancillaries 4.77ExideIndustriesLtd. 1.62MRFLtd. 1.38AmaraRajaBatteriesLtd. 0.98MothersonSumiSystemsLtd. 0.79Industrial Products 4.43AIAEngineeringLtd. 1.99SchaefflerIndiaLtd. 0.91RamkrishnaForgingsLtd. 0.77Mold-TekPackagingLtd. 0.76Consumer Durables 4.38BataIndiaLtd. 1.40DixonTechnologies(India)Ltd. 1.07HavellsIndiaLtd. 1.03BajajElectricalsLtd. 0.88Gas 3.46IndraprasthaGasLtd. 1.34PetronetLNGLtd. 1.23
Name Rating % of NAV
GujaratStatePetronetLtd. 0.89Auto 2.85MarutiSuzukiIndiaLtd. 1.68EicherMotorsLtd. 1.17Petroleum Products 2.41RelianceIndustriesLtd. 2.41Transportation 2.07ContainerCorporationofIndiaLtd. 1.21TCIExpressLtd. 0.86Construction Project 2.02VoltasLtd. 1.26IrconInternationalLtd. 0.76Media & Entertainment 1.93PVRLtd. 1.01SunTVNetworkLtd. 0.92Cement 1.48ShreeCementLtd. 1.48Textile Products 1.28SRFLtd. 1.28Hotels, Resorts And Other Recreational Activities 1.17
TheIndianHotelsCompanyLtd. 1.17Services 1.15OdishaCementLtd. 1.15Pesticides 1.05UPLLtd. 1.05Power 1.01CESCLtd. 1.01Textiles - Cotton 0.96VardhmanTextilesLtd. 0.96Construction 0.89NBCC(India)Ltd. 0.89Ferrous Metals 0.88JindalSteel&PowerLtd. 0.88Retailing 0.86FutureRetailLtd. 0.86Commercial Services 0.86Security and Intelligence Services(I)Ltd. 0.86
Non - Ferrous Metals 0.83HindustanZincLtd. 0.83Telecom - Equipment & Accessories 0.81SterliteTechnologiesLtd. 0.81Other Equities* 3.89Total Equity 92.41Treasury Bills 0.06 91DAYT-BILL Sovereign 0.06Investment Funds/Mutual Funds 0.36 PrincipalShortTermDebtFund-DirectPlan-GrowthOption 0.28Principal Cash Management Fund -GrowthOption 0.08
DerivativesIndex Futures / Options #Cash & Cash Equivalents 3.28 Net Assets 100.00
12
Principal Multi Cap Growth Fund(Anopenendedequityschemeinvestingacrosslargecap,midcap,smallcapstocks)
Investment Objective:Toachievelong–termcapitalappreciation.
Fund Details Portfolio
Name % of NAV
% of NAV Deriva-
tivesBanks 23.01HDFCBankLtd. 5.11ICICIBankLtd. 4.93KotakMahindraBankLtd. 2.95State Bank of India 2.84AxisBankLtd. 1.92CityUnionBankLtd. 1.31KarurVysyaBankLtd. 1.17Canara Bank 0.71TheFederalBankLtd. 0.71Bank of Baroda 0.60Vijaya Bank 0.46Syndicate Bank 0.30Consumer Non Durables 12.99ITCLtd. 3.66MaricoLtd. 2.48DaburIndiaLtd. 2.13GlaxoSmithKlineConsumerHealthcareLtd. 1.97BritanniaIndustriesLtd. 1.66BombayBurmahTradingCorporationLtd. 1.09Software 8.62TataConsultancyServicesLtd. 3.53InfosysLtd. 2.71TechMahindraLtd. 1.55HCLTechnologiesLtd. 0.83Construction Project 5.12Larsen&ToubroLtd. 2.77HindustanConstructionCompanyLtd. 1.13IrconInternationalLtd. 1.08KECInternationalLtd. 0.14Power 5.06TataPowerCompanyLtd. 2.72NTPCLtd. 1.51KalpataruPowerTransmissionLtd. 0.76RattanindiaPowerLtd. 0.07Pharmaceuticals 4.82SunPharmaceuticalIndustriesLtd. 1.52AurobindoPharmaLtd. 1.28AbbottIndiaLtd. 1.04DishmanCarbogenAmcisLtd. 0.98Petroleum Products 4.41RelianceIndustriesLtd. 4.41Cement 3.74ACCLtd. 0.96UltratechCementLtd. 0.86TheIndiaCementsLtd. 0.84BirlaCorporationLtd. 0.62JKCementLtd. 0.46Finance 3.62Housing Development Finance CorporationLtd. 2.19
ICICIPrudentialLifeInsuranceCompanyLtd. 0.83ShriramTransportFinanceCompanyLtd. 0.60
Name % of NAV
% of NAV Deriva-
tivesAuto 3.24Mahindra&MahindraLtd. 1.04MarutiSuzukiIndiaLtd. 0.95BajajAutoLtd. 0.65HeroMotoCorpLtd. 0.60Fertilisers 2.46ChambalFertilisersandChemicalsLtd. 2.46Hotels, Resorts And OtherRecreational Activities 2.05
TheIndianHotelsCompanyLtd. 2.05Auto Ancillaries 2.00AsahiIndiaGlassLtd. 1.34RicoAutoIndustriesLtd. 0.66Industrial Products 1.89RamkrishnaForgingsLtd. 1.33JainIrrigationSystemsLtd. 0.56Consumer Durables 1.77BajajElectricalsLtd. 1.77Ferrous Metals 1.64KirloskarFerrousIndustriesLtd. 1.16SteelAuthorityofIndiaLtd. 0.48Non - Ferrous Metals 1.37NationalAluminiumCompanyLtd. 0.73HindustanZincLtd. 0.64Telecom - Services 1.33BhartiAirtelLtd. 1.33Chemicals 1.22PhillipsCarbonBlackLtd. 0.87RainIndustriesLtd. 0.35Minerals/Mining 1.12CoalIndiaLtd. 1.12Textile Products 0.96RaymondLtd. 0.96Construction 0.50GayatriProjectsLtd. 0.49MilestoneGlobalLtd.&& 0.01Diversified Consumer Services 0.31CLEducateLtd. 0.31Total Equity 93.25UnlistedCrescent Finstock Ltd.## & &&
DiversifiedFinancial Services 0.02
Treasury Bills 0.13 91DAYT-BILLSovereign 0.13Mutual Fund Units / Exchange Traded Funds 0.82
PrincipalShortTermDebtFund-DirectPlan-Growth Option 0.82
Index Futures / Options 0.10 Cash & Cash Equivalents 5.78 Net Assets 100.00
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
15-Dec-17 4.96 41.29 1.71 47.1816-Jun-17 10.83 47.29 8.93 50.4523-Dec-16 2.71 39.06 3.08 41.73Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.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:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.50%riskfreerateofreturn(1days-MIBORRateAsonJanuary31,2019).** 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 (AsonJanuary31,2019).# TotalExpenseRatioincludesGSTonmanagementfees.
DataAsonJanuary31,2019
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNewInvestor-`5,000 SIP-` 500£
ExistingInvestor-`1,000STP-`1,000 RWP-` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM:828.15
AUM:819.97
Allotment Date & Benchmark Allotment Date
RegularPlan:October25,2000DirectPlan:January1,2013Benchmark: Nifty 500 Index
(w.e.f.April23,2018)
`
Load StructureEntry Load: NILExit Load:1%-Ifredeemedwithin365daysfromthedateofallotment.Nil-Ifredeemedafter365daysfromthedateofallotment.
Plans RegularPlan&DirectPlan.Options Both the Plans offer Growth & HalfYearlyDividendOption.Half Yearly Dividend Option under both the Plans offersfacilityofPayout,ReinvestmentandSweep.
Ratios & Other Details (As on January31,2019)Standard Deviation^ (Annualised):17.07%Beta^ :1.11Sharpe Ratio^ (Annualised) :0.54 Portfolio Turnover Ratio**: 0.22
Fund Manager DetailsName: P.V.K.Mohan&SiddarthMohta(As-
sociate Fund Manager)Managing Since: September 2010 & August
2018Total Experience: 25 years & 09 years
Expense Ratio# (As on January31,2019)Direct Plan - 1.58%
Regular Plan - 2.36 %`
Sector Allocation (Top 10) (As on January 31, 2019) (% of NAV)
Banks 23.01% Consumer Non Durables 12.99% Software 8.62% Construction Project 5.12% Power 5.06% Pharmaceuticals 4.82% Petroleum Products 4.41% Cement 3.74% Finance 3.62% Auto 3.24%
Performance (As on 31/01/2019)
Period Principal Multi Cap Growth Fund
Nifty 500 Index - TRI(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
1Year(31-01-2018to31-01-2019) -11.39 8861.28 -5.95 9404.85 -0.37 9963.053Years(29-01-2016to31-01-2019) 15.22 15314.98 13.80 14752.57 14.20 14909.675Years(31-01-2014to31-01-2019) 17.56 22468.42 15.15 20255.73 13.61 18930.26SinceInception(25-10-2000to31-01-2019) 15.31 135170.00 15.60 141464.65 14.47 118341.08Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.
Top 10 Equity Holdings&& ThinlyTradedSecurities-0.01%(%ofNAV)## & &&Illiquid Shares & Thinly Traded Securities
Market Cap Allocation (As on January 31, 2019) (% of NAV)
Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap CompaniesTreasury BillMutual FundsCash & Other Assets
11.92%
61.05%
20.30%
0.13%0.82%
5.78%
0%10%20%30%40%50%60%70%
13
Principal Tax Savings Fund(An open ended equity linked saving scheme with a statutory
lockinof3yearsandtaxbenefit)
Investment Objective:Tobuildahighqualitygrowth-orientedportfoliotoprovidelong-termcapitalgainstotheinvestors.Theschemeaimsatprovidingreturnsthroughcapitalappreciation.
Fund Details Portfolio
Name % of NAVBanks 23.54HDFCBankLtd. 5.05ICICIBankLtd. 4.93KotakMahindraBankLtd. 3.00State Bank of India 2.89AxisBankLtd. 1.90CityUnionBankLtd. 1.26KarurVysyaBankLtd. 1.21Bank of Baroda 0.74Canara Bank 0.72TheFederalBankLtd. 0.72Vijaya Bank 0.69Syndicate Bank 0.43Consumer Non Durables 12.66ITCLtd. 3.37MaricoLtd. 2.45DaburIndiaLtd. 2.14GlaxoSmithKlineConsumerHealthcareLtd. 1.92BritanniaIndustriesLtd. 1.65BombayBurmahTradingCorporationLtd. 1.13Software 9.27TataConsultancyServicesLtd. 3.68InfosysLtd. 3.22TechMahindraLtd. 1.54HCLTechnologiesLtd. 0.83Power 5.27TataPowerCompanyLtd. 2.73NTPCLtd. 1.50KalpataruPowerTransmissionLtd. 0.95RattanindiaPowerLtd. 0.09Pharmaceuticals 5.17SunPharmaceuticalIndustriesLtd. 1.52AbbottIndiaLtd. 1.34AurobindoPharmaLtd. 1.33DishmanCarbogenAmcisLtd. 0.98Construction Project 5.09Larsen&ToubroLtd. 2.70HindustanConstructionCompanyLtd. 1.11IrconInternationalLtd. 1.10KECInternationalLtd. 0.18Petroleum Products 4.39RelianceIndustriesLtd. 4.39Cement 4.25ACCLtd. 1.14TheIndiaCementsLtd. 0.94UltratechCementLtd. 0.92BirlaCorporationLtd. 0.64JKCementLtd. 0.61
Name % of NAVAuto 3.74MarutiSuzukiIndiaLtd. 1.13Mahindra&MahindraLtd. 1.04BajajAutoLtd. 0.82HeroMotoCorpLtd. 0.75Finance 3.72Housing Development Finance CorporationLtd. 2.29ICICI Prudential Life Insurance CompanyLtd. 0.83
ShriramTransportFinanceCompanyLtd. 0.60Fertilisers 2.45ChambalFertilisersandChemicalsLtd. 2.45Auto Ancillaries 2.03AsahiIndiaGlassLtd. 1.37RicoAutoIndustriesLtd. 0.66Hotels, Resorts And Other Recreational Activities 2.03
TheIndianHotelsCompanyLtd. 2.03Industrial Products 1.91RamkrishnaForgingsLtd. 1.34JainIrrigationSystemsLtd. 0.57Consumer Durables 1.78BajajElectricalsLtd. 1.78Ferrous Metals 1.76KirloskarFerrousIndustriesLtd. 1.17SteelAuthorityofIndiaLtd. 0.59Non - Ferrous Metals 1.60HindustanZincLtd. 0.87NationalAluminiumCompanyLtd. 0.73Chemicals 1.35PhillipsCarbonBlackLtd. 0.87RainIndustriesLtd. 0.48Telecom - Services 1.32BhartiAirtelLtd. 1.32Minerals/Mining 1.18CoalIndiaLtd. 1.18Textile Products 0.97RaymondLtd. 0.97Construction 0.66GayatriProjectsLtd. 0.66Diversified Consumer Services 0.40CLEducateLtd. 0.40Total Equity 96.54Treasury Bills 0.04 91DAYT-BILLSovereign 0.04Cash & Cash Equivalents 3.42 Net Assets 100.00
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
31-Mar-08 8.00 90.12 NA NA15-Jan-07 5.00 83.66 NA NAPast performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.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:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.50%riskfreerateofreturn(1days-MIBORRateAsonJanuary31,2019).** 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(AsonJanuary31,2019).# TotalExpenseRatioincludesGSTonmanagementfees.
DataAsonJanuary31,2019
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNewInvestor-`500 SIP-` 500ExistingInvestor-`500STP-` 500 (Availableafterlock-inperiod) RWP-` 500 (Availableafterlock-inperiod) 6 installments each
Asset Under Managment (` Cr) MAAUM:379.67
AUM:376.06
Allotment Date & Benchmark Allotment Date
RegularPlan:March31,1996DirectPlan:January1,2013Benchmark: Nifty 500 Index
`
Load StructureEntry Load: NILExit Load: NIL
Plans RegularPlan&DirectPlan.Options Both the Plans offer Growth & HalfYearlyDividendOption.(W.e.f.September11,2017)
Ratios & Other Details (As on January31,2019)Standard Deviation^ (Annualised): 17.44%Beta^ : 1.14Sharpe Ratio^ (Annualised) : 0.51 Portfolio Turnover Ratio** : 0.36
Fund Manager DetailsName: P.V.K.Mohan
Managing Since: September 2010Total Experience: 25 years
Expense Ratio# (As on January31,2019)Direct Plan - 2.39 %
Regular Plan - 2.64%`
Sector Allocation (Top 10) (As on January 31, 2019) (% of NAV)
Banks 23.54% Consumer Non Durables 12.66% Software 9.27% Power 5.27% Pharmaceuticals 5.17% Construction Project 5.09% Petroleum Products 4.39% Cement 4.25% Auto 3.74% Finance 3.72%
Performance (As on 31/01/2019)
Period Principal Tax Savings Fund
Nifty 500 - TRI*(Scheme’s Benchmark)
Nifty 50 - TRI**(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
1Year(31-01-2018to31-01-2019) -12.01 8798.67 -5.95 9404.85 -0.37 9963.053Years(29-01-2016to31-01-2019) 14.86 15168.95 13.80 14752.57 14.20 14909.675Years(31-01-2014to31-01-2019) 17.36 22269.45 15.15 20255.73 13.61 18930.26SinceInception(31-03-1996to31-01-2019) 16.01 297973.50 13.38 176477.03 12.38 144034.21Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.*AsTRIdataisnotavailablesinceinceptionofthescheme,benchmarkperformanceiscalculatedusingcompositeCAGRofNifty500IndexPRIvaluesfromdate31-03-1996to26-11-1998andTRIvaluessince26-11-1998.**AsTRIdataisnotavailablesinceinceptionofthescheme,additionalbenchmarkperformanceiscalculatedusingcompositeCAGRofNifty50IndexPRIvaluesfromdate31-03-1996to30-06-1999andTRIvaluessince30-06-1999.
Top 10 Equity Holdings
Market Cap Allocation (As on January 31, 2019) (% of NAV)
Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap CompaniesTreasury BillCash & Other Assets
62.49%
12.40%21.65%
0.04%3.42%
0%10%20%30%40%50%60%70%
14
Principal Personal Tax Saver Fund^(An open ended equity linked saving scheme)
Investment Objective:Toprovidelongtermgrowthofcapital.TheInvestmentManagerwillaimtoachieveareturnonassetsinexcessoftheperformanceofS&PBSE100INDEX
Fund Details Portfolio
Name % of NAVBanks 24.79HDFCBankLtd. 5.44ICICIBankLtd. 5.04KotakMahindraBankLtd. 3.01State Bank of India 3.00AxisBankLtd. 1.93KarurVysyaBankLtd. 1.33CityUnionBankLtd. 1.28Vijaya Bank 0.93Bank of Baroda 0.81Canara Bank 0.74TheFederalBankLtd. 0.73Syndicate Bank 0.55Consumer Non Durables 13.15ITCLtd. 3.55MaricoLtd. 2.52DaburIndiaLtd. 2.19GlaxoSmithKlineConsumer HealthcareLtd. 1.96
BritanniaIndustriesLtd. 1.74Bombay Burmah Trading CorporationLtd. 1.19
Software 9.68TataConsultancyServicesLtd. 3.84InfosysLtd. 3.41TechMahindraLtd. 1.59HCLTechnologiesLtd. 0.84Pharmaceuticals 5.37SunPharmaceuticalIndustriesLtd. 1.56AbbottIndiaLtd. 1.45AurobindoPharmaLtd. 1.38DishmanCarbogenAmcisLtd. 0.98Construction Project 5.07Larsen&ToubroLtd. 2.79HindustanConstructionCompanyLtd. 1.15IrconInternationalLtd. 1.13Petroleum Products 4.54RelianceIndustriesLtd. 4.54Power 4.33TataPowerCompanyLtd. 2.84NTPCLtd. 1.49Auto 3.93MarutiSuzukiIndiaLtd. 1.18Mahindra&MahindraLtd. 1.07BajajAutoLtd. 0.87HeroMotoCorpLtd. 0.81Finance 3.83Housing Development Finance CorporationLtd. 2.35
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
25-Mar-08 40.00 124.66 NA NA26-Feb-08 20.00 172.57 NA NA31-Dec-07 11.00 221.26 NA NAPast performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.^Freshsaleofunitsi.e.bywayofpurchase/Switch-insandregistrationoffreshSIParrangementundertheSchemeissuspendedtillfurthernotice.WitheffectfromJune10,2018,freshallotmentofunitsinPrincipalPersonalTaxsaverFundevenincaseofSIPsregisteredpriortocloseofbusinesshoursofMarch31,2017issuspended.
Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.50%riskfreerateofreturn(1days-MIBORRateAsonJanuary31,2019).** 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(AsonJanuary31,2019).# TotalExpenseRatioincludesGSTonmanagementfees.
DataAsonJanuary31,2019
For NAV details, please refer page 6
Asset Under Managment (` Cr) MAAUM:266.69
AUM:262.48
Allotment Date & Benchmark Allotment Date
RegularPlan:March31,1996DirectPlan:January1,2013Benchmark: Nifty 500 Index
`
Load StructureEntry Load: NILExit Load: NIL
Plans RegularPlan&DirectPlan.Options Both the Plan do not have any optionsatpresent.
Ratios & Other Details (As on January31,2019)Standard Deviation^ (Annualised):16.18%Beta^ :1.06Sharpe Ratio^ (Annualised) :0.24 Portfolio Turnover Ratio** : 0.40
Fund Manager DetailsName: P.V.K.Mohan
Managing Since: July2017Total Experience: 25 years
Expense Ratio# (As on January31,2019)Direct Plan - 2.43 %
Regular Plan - 2.71%
Sector Allocation (Top 10) (As on January 31, 2019) (% of NAV)
Banks 24.79% Consumer Non Durables 13.15% Software 9.68% Pharmaceuticals 5.37% Construction Project 5.07% Petroleum Products 4.54% Power 4.33% Auto 3.93% Finance 3.83% Cement 3.76%
Performance (As on 31/01/2019)
Period Principal Personal Tax Saver Fund
Nifty 500 - TRI*(Scheme’s Benchmark)
Nifty 50 - TRI**(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
1Year(31-01-2018to31-01-2019) -11.56 8843.86 -5.95 9404.85 -0.37 9963.053Years(29-01-2016to31-01-2019) 9.43 13113.25 13.80 14752.57 14.20 14909.675Years(31-01-2014to31-01-2019) 12.72 18202.34 15.15 20255.73 13.61 18930.26SinceInception(31-03-1996to31-01-2019) 19.16 549511.30 13.38 176477.03 12.38 144034.21Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.*AsTRIdataisnotavailablesinceinceptionofthescheme,benchmarkperformanceiscalculatedusingcompositeCAGRofNifty500IndexPRIvaluesfromdate31-03-1996to26-11-1998andTRIvaluessince26-11-1998.**AsTRIdataisnotavailablesinceinceptionofthescheme,additionalbenchmarkperformanceiscalculatedusingcompositeCAGRofNifty50IndexPRIvaluesfromdate31-03-1996to30-06-1999andTRIvaluessince30-06-1999.
Minimum Investment Amount (`)Lumpsum Special ProductsNewInvestor-`500 SIP-` 500ExistingInvestor-`500STP-` 500 (Availableafterlock-inperiod) RWP-` 500 (Availableafterlock-inperiod) 6 installments each
`
Name % of NAVICICI Prudential Life Insurance CompanyLtd. 0.86
Shriram Transport Finance CompanyLtd. 0.62
Cement 3.76ACCLtd. 1.08TheIndiaCementsLtd. 0.99UltratechCementLtd. 0.97BirlaCorporationLtd. 0.72Fertilisers 2.47ChambalFertilisersandChemicalsLtd. 2.47Auto Ancillaries 2.23AsahiIndiaGlassLtd. 1.54RicoAutoIndustriesLtd. 0.69Hotels, Resorts And Other Recreational Activities 2.09
TheIndianHotelsCompanyLtd. 2.09Industrial Products 1.99RamkrishnaForgingsLtd. 1.42JainIrrigationSystemsLtd. 0.57Consumer Durables 1.84BajajElectricalsLtd. 1.84Ferrous Metals 1.84KirloskarFerrousIndustriesLtd. 1.20SteelAuthorityofIndiaLtd. 0.64Chemicals 1.43PhillipsCarbonBlackLtd. 0.89RainIndustriesLtd. 0.54Telecom - Services 1.36BhartiAirtelLtd. 1.36Minerals/Mining 1.23CoalIndiaLtd. 1.23Textile Products 0.96RaymondLtd. 0.96Construction 0.77GayatriProjectsLtd. 0.77Non - Ferrous Metals 0.70NationalAluminiumCompanyLtd. 0.70Diversified Consumer Services 0.44CLEducateLtd. 0.44Total Equity 97.80Treasury Bills 0.05 91DAYT-BILLSovereign 0.05Cash & Cash Equivalents 2.15 Net Assets 100.00 Top 10 Equity Holdings
Market Cap Allocation (As on January 31, 2019) (% of NAV)
Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap CompaniesTreasury BillCash & Other Assets
63.33%
12.72%21.75%
0.05%2.15%
0%
20%
40%
60%
80%
15
Principal Focused Multicap Fund(An open ended equity scheme investing in maximum 30 Multi cap stocks)
Investment Objective:Toprovidecapitalappreciationand/ordividenddistributionbyinvestingincompaniesacrossmarketcapitalization.
Fund Details Portfolio
Name % of NAV
% of NAV
Deriva-tives
Banks 19.42HDFCBankLtd. 7.51ICICIBankLtd. 4.82KotakMahindraBankLtd. 4.15
State Bank of India 2.94
Consumer Non Durables 15.85ITCLtd. 4.76HindustanUnileverLtd. 4.58BritanniaIndustriesLtd. 4.00
NestleIndiaLtd. 2.51
Software 12.68InfosysLtd. 3.69TataConsultancyServicesLtd. 3.60
NIITLtd. 2.75
L&TTechnologyServicesLtd. 2.64
Finance 7.82Housing Development Finance CorporationLtd. 5.10
BajajFinservLtd. 2.72
Petroleum Products 6.67RelianceIndustriesLtd. 6.67
Cement 5.78ShreeCementLtd. 3.52
ACCLtd. 2.26
Auto 5.28BajajAutoLtd. 2.91
MarutiSuzukiIndiaLtd. 2.37
Chemicals 4.35Navin Fluorine International Ltd. 2.31
NOCILLtd. 2.04
Name % of NAV
% of NAV
Deriva-tives
Construction Project 4.01Larsen&ToubroLtd. 3.04
IrconInternationalLtd. 0.97
Industrial Products 3.19AIAEngineeringLtd. 3.19
Pharmaceuticals 2.88AbbottIndiaLtd. 2.88
Media & Entertainment 2.35 -0.15Zee Entertainment EnterprisesLtd. 2.35 -0.15
Non - Ferrous Metals 2.13VedantaLtd. 2.13
Fertilisers 2.01Chambal Fertilisers and ChemicalsLtd. 2.01
Gas 1.97MahanagarGasLtd. 1.97Telecom - Equipment & Accessories 1.91
SterliteTechnologiesLtd. 1.91
Total Equity 98.30Treasury Bills 0.11 91DAYT-BILL Sovereign 0.11
DerivativesIndex Future/Option #Cash & Cash Equivalents 1.59 Net Assets 100.00
Market Cap Allocation (As on January 31, 2019) (% of NAV)
Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.50%riskfreerateofreturn(1days-MIBORRateAsonJanuary31,2019).** 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(AsonJanuary31,2019).# TotalExpenseRatioincludesGSTonmanagementfees.
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
15-Dec-17 2.11 28.09 1.72 28.4616-Jun-17 5.98 31.90 6.13 32.3123-Dec-16 1.12 27.34 1.22 27.70Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.
DataAsonJanuary31,2019
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNewInvestor-`5,000 SIP-` 500£
ExistingInvestor-`1,000STP-`1,000 RWP-` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM:306.16
AUM:302.49
Allotment Date & Benchmark Allotment Date
RegularPlan:November11,2005DirectPlan:January1,2013
Benchmark: S&P BSE 250 Large Midcap Index
`
Load StructureEntry Load: NILExit Load: If redeemed on or before 1 Year fromthedateofallotment-1%
Plans RegularPlan&DirectPlan.Options Both the Plans offer Growth & HalfYearlyDividendOption.Half Yearly Dividend Option under both the Plans offersfacilityofPayout,ReinvestmentandSweep.
Ratios & Other Details (As on January31,2019)Standard Deviation^ (Annualised): 14.83%Beta^ : 1.01Sharpe Ratio^ (Annualised) : 0.40 Portfolio Turnover Ratio** : 0.83
Fund Manager DetailsName: Dhimant Shah
Managing Since: July2017Total Experience: 27 years
Expense Ratio# (As on January31,2019)Direct Plan - 2.48%
Regular Plan - 3.02%`
Sector Allocation (Top 10) (As on January 31, 2019) (% of NAV)
Banks 19.42% Consumer Non Durables 15.85% Software 12.68% Finance 7.82% Petroleum Products 6.67% Cement 5.78% Auto 5.28% Chemicals 4.35% Construction Project 4.01% Industrial Products 3.19%
Performance (As on 31/01/2019)
Period Principal Focused Multicap Fund
S&P BSE 250 Large Midcap - TRI
(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
1Year(31-01-2018to31-01-2019) -5.16 9484.20 -3.89 9611.37 -0.37 9963.053Years(29-01-2016to31-01-2019) 12.00 14061.55 14.36 14972.98 14.20 14909.675Years(31-01-2014to31-01-2019) 14.26 19479.97 15.28 20367.63 13.61 18930.26SinceInception(11-11-2005to31-01-2019) 14.55 60310.00 13.10 50974.17 12.93 49950.56Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.
Top 10 Equity Holdings#->LessThan0.005%
Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap CompaniesTreasury BillCash & Other Assets
73.37%
12.88% 12.05%
0.11% 1.59%0%
20%
40%
60%
80%
16
Principal Dividend Yield Fund(An open ended equity scheme predominantly investing in
dividend yielding stocks)
Investment Objective:Toprovidecapitalappreciationand/ordividenddistributionbyinvestingpredominantlyinawell-diversifiedportfolioofcompaniesthathavearelativelyhighdividendyield.
Fund Details Portfolio
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
17-Dec-18 NA NA 0.12 30.4915-Dec-17 3.50 26.24 NA NA16-Jun-17 5.82 28.38 2.93 29.3223-Dec-16 0.95 23.65 NA NAPast performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.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:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.50%riskfreerateofreturn(1days-MIBORRateAsonJanuary31,2019).** 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(AsonJanuary31,2019).# TotalExpenseRatioincludesGSTonmanagementfees.
DataAsonJanuary31,2019
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNewInvestor-`5,000 SIP-` 500£
ExistingInvestor-`1,000STP-`1,000 RWP-` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM:198.61
AUM:197.10
Allotment Date & Benchmark Allotment Date
RegularPlan:October15,2004DirectPlan:January1,2013
Benchmark: Nifty Dividend Opportunities 50 Index
`
Load StructureEntry Load: NILExit Load: If redeemed on or before 1 Year fromthedateofallotment-1%
Plans RegularPlan&DirectPlan.Options Both the Plans offer Growth & HalfYearlyDividendOption.Half Yearly Dividend Option under both the Plans offersfacilityofPayout,ReinvestmentandSweep.
Ratios & Other Details (As on January31,2019)Standard Deviation^ (Annualised): 15.70%Beta^ : 1.07Sharpe Ratio^ (Annualised) : 0.63 Portfolio Turnover Ratio** : 0.69
Fund Manager DetailsName: Dhimant Shah
Managing Since: December 2011Total Experience: 27 years
Expense Ratio# (As on January31,2019)Direct Plan - 2.11 %
Regular Plan - 2.93 %`
Sector Allocation (Top 10) (As on January 31, 2019) (% of NAV)
Software 21.30% Consumer Non Durables 15.26% Banks 11.14% Auto 5.87% Petroleum Products 5.64% Chemicals 5.63% Gas 4.31% Auto Ancillaries 3.57% Industrial Products 3.18% Paper 2.94%
Performance (As on 31/01/2019)
Period Principal Dividend Yield Fund
Nifty Dividend Opportunities 50 - TRI(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
1Year(31-01-2018to31-01-2019) -7.69 9230.91 -3.52 9647.66 -0.37 9963.053Years(29-01-2016to31-01-2019) 16.30 15749.38 15.77 15536.79 14.20 14909.675Years(31-01-2014to31-01-2019) 16.39 21371.31 13.84 19126.63 13.61 18930.26SinceInception(15-10-2004to31-01-2019) 12.01 50650.00 NA NA 14.83 72246.96Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.
Market Cap Allocation (As on January 31, 2019) (% of NAV)
Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap CompaniesOthersTreasury BillMutual FundsCash & Other Assets
59.48%
13.23%22.86%
1.42%0.05% 0.11%
2.85%0%
10%20%30%40%50%60%
Top 10 Equity Holdings
Name Rating % of NAV
Software 21.30TataConsultancyServicesLtd. 5.30InfosysLtd. 4.11NIITLtd. 2.44
HCLTechnologiesLtd. 2.04
TechMahindraLtd. 2.01
Larsen&ToubroInfotechLtd. 1.69
CyientLtd. 1.45
SaskenTechnologiesLtd. 1.28
CignitiTechnologiesLtd. 0.98
Consumer Non Durables 15.26HindustanUnileverLtd. 6.98ITCLtd. 5.22
VSTIndustriesLtd. 1.64
ColgatePalmolive(India)Ltd. 1.42
Banks 11.14HDFCBankLtd. 2.84ICICIBankLtd. 2.61
State Bank of India 2.06
AxisBankLtd. 1.35
KotakMahindraBankLtd. 1.15
Vijaya Bank 1.13
Auto 5.87BajajAutoLtd. 2.46
MarutiSuzukiIndiaLtd. 1.75
Mahindra&MahindraLtd. 1.66
Petroleum Products 5.64RelianceIndustriesLtd. 3.59
BharatPetroleumCorporationLtd. 2.05
Chemicals 5.63
AartiIndustriesLtd. 1.86
NOCILLtd. 1.46
FineOrganicIndustriesLtd. 1.26Navin Fluorine InternationalLtd. 1.05
Gas 4.31
MahanagarGasLtd. 2.16
IndraprasthaGasLtd. 1.12
PetronetLNGLtd. 1.03
Auto Ancillaries 3.57
AsahiIndiaGlassLtd. 1.48
ExideIndustriesLtd. 1.05
MRFLtd. 1.04
Name Rating % of NAV
Industrial Products 3.18AIAEngineeringLtd. 2.28
HEGLtd. 0.90
Paper 2.94
InternationalPaperAppmLtd. 1.98
OrientPaper&IndustriesLtd. 0.96
Finance 2.15Bajaj Holdings & InvestmentLtd. 1.13
BajajFinservLtd. 1.02
Construction Project 2.07
Larsen&ToubroLtd. 1.05
IrconInternationalLtd. 1.02
Non - Ferrous Metals 1.98
VedantaLtd. 1.06
HindustanZincLtd. 0.92
Pharmaceuticals 1.88
SunPharmaceuticalIndustriesLtd. 1.05
DishmanCarbogenAmcisLtd. 0.83
Cement 1.73
ACCLtd. 1.73
Ferrous Metals 1.71
KirloskarFerrousIndustriesLtd. 0.90
JindalSteel&PowerLtd. 0.81
Services 1.42
OdishaCementLtd. 1.42
Textile Products 1.33
SRFLtd. 1.33Hotels, Resorts And Other Recreational Activities 1.08
TheIndianHotelsCompanyLtd. 1.08
Construction 1.07
NBCC(India)Ltd. 1.07
Power 0.89
NTPCLtd. 0.89
Consumer Durables 0.84
SheelaFoamLtd. 0.84
Total Equity 96.99
Treasury Bills 0.05
91DAYT-BILL Sovereign 0.05Principal Cash Management Fund-GrowthOption Mutual Fund 0.11
Index Futures / Options 0.01
Cash & Cash Equivalents 2.85
Net Assets 100.00
17
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 withtheNifty100EqualWeightIndex.
Fund Details Portfolio
Name % of NAVFinance 13.37ICICI Lombard General Insurance CompanyLtd. 1.07SBILifeInsuranceCompanyLtd. 1.05BajajFinanceLtd. 1.04Housing Development Finance CorporationLtd. 1.02HDFCLifeInsuranceCompanyLtd. 1.01BajajFinservLtd. 1.00TheNewIndiaAssuranceCompanyLtd. 0.97LICHousingFinanceLtd. 0.96General Insurance Corporation Of India 0.93ICICI Prudential Life Insurance CompanyLtd. 0.93L&TFinanceHoldingsLtd. 0.88AdityaBirlaCapitalLtd. 0.85ShriramTransportFinanceCompanyLtd. 0.84IndiabullsHousingFinanceLtd. 0.82Consumer Non Durables 10.05BritanniaIndustriesLtd. 1.06DaburIndiaLtd. 1.05ITCLtd. 1.04AsianPaintsLtd. 1.04Procter & Gamble Hygiene and HealthCareLtd. 1.04MaricoLtd. 1.01HindustanUnileverLtd. 1.01ColgatePalmolive(India)Ltd. 1.01GodrejConsumerProductsLtd. 0.90UnitedSpiritsLtd. 0.89Banks 9.28AxisBankLtd. 1.20YesBankLtd. 1.09ICICIBankLtd. 1.06KotakMahindraBankLtd. 1.06State Bank of India 1.05Bank of Baroda 1.03HDFCBankLtd. 1.02IndusIndBankLtd. 0.98BandhanBankLtd. 0.79Pharmaceuticals 8.35AurobindoPharmaLtd. 1.14LupinLtd. 1.08Dr.Reddy'sLaboratoriesLtd. 1.08BioconLtd. 1.07CiplaLtd. 1.04SunPharmaceuticalIndustriesLtd. 1.04CadilaHealthcareLtd. 0.97PiramalEnterprisesLtd. 0.93Software 6.69InfosysLtd. 1.18WiproLtd. 1.16HCLTechnologiesLtd. 1.10TechMahindraLtd. 1.09OracleFinancialServicesSoftwareLtd. 1.08TataConsultancyServicesLtd. 1.08Auto 6.23TataMotorsLtd. 0.94BajajAutoLtd. 0.93Mahindra&MahindraLtd. 0.90MarutiSuzukiIndiaLtd. 0.89EicherMotorsLtd. 0.83HeroMotoCorpLtd. 0.81AshokLeylandLtd. 0.80TataMotorsLtd-A-DVR 0.13Cement 4.71AmbujaCementsLtd. 0.98ACCLtd. 0.97ShreeCementLtd. 0.94
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
24-Dec-08 3.7500 15.7934 NA NAPast performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.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:̂ Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.50%riskfreerateofreturn(1days-MIBORRateAsonJanuary31,2019).** 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(AsonJanuary31,2019).# TotalExpenseRatioincludesGSTonmanagementfees.* Since Benchmark of the Fund change from Nity 50 to Nifty 100 Equal Weight (w.e.f10-May-2018),TrackingErrorisCalculatedasbelow–•Nifty50TRIisconsiderfrom(03-Aug-2015to09-May-2018)&•Nifty100EqualWeightTRIisconsiderfor(10-May-2018to31-Jan-2019)
DataAsonJanuary31,2019
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNewInvestor-`5,000 SIP-` 500£
ExistingInvestor-`1,000STP-`1,000 RWP-` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM:17.13
AUM:16.81
Allotment Date & Benchmark Allotment Date
RegularPlan:July27,1999DirectPlan:January1,2013
Benchmark: Nifty 100 Equal Weight Index
`Load StructureEntry Load: NILExit Load: 1% - if redeemed on or before90daysfromthedateofallotment;Nil- ifredeemed after 90 days from the date of allotment.
Plans RegularPlan&DirectPlan.Options BoththePlansofferGrowth&DividendOption. Dividend Option under both the PlansoffersfacilityofPayout,ReinvestmentandSweep.
Ratios & Other Details (As on January31,2019)Standard Deviation^ (Annualised): 14.97%Beta^ : 0.99Sharpe Ratio^ (Annualised) :0.20Portfolio Turnover Ratio**: 0.82Tracking Deviation*: 0.34%
Fund Manager DetailsName: RajatJain
Managing Since: August 2015Total Experience: 29 years
Expense Ratio# (As on January31,2019)Direct Plan - 0.50 %
Regular Plan - 0.60 %`
Sector Allocation (Top 10) (As on January 31, 2019) (% of NAV)
Finance 13.37% Consumer Non Durables 10.05% Banks 9.28% Pharmaceuticals 8.35% Software 6.69% Auto 6.23% Cement 4.71% Petroleum Products 4.09% Industrial Capital Goods 4.03% Transportation 3.06%
Performance (As on 31/01/2019)
Period Principal Nifty 100 Equal Weight Fund
Nifty 100 Equal Weight - TRI
(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
1Year(31-01-2018to31-01-2019) -12.04 8796.30 -13.06 8694.32 -0.37 9963.053Years(29-01-2016to31-01-2019) 8.78 12881.30 11.32 13806.56 14.20 14909.675Years(31-01-2014to31-01-2019) 9.86 16006.78 14.27 19488.37 13.61 18930.26SinceInception(27-07-1999to31-01-2019) 10.24 67069.20 NA NA 12.97 108261.61Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.
Name % of NAVUltratechCementLtd. 0.91GrasimIndustriesLtd. 0.91Petroleum Products 4.09RelianceIndustriesLtd. 1.14HindustanPetroleumCorporationLtd. 1.00BharatPetroleumCorporationLtd. 0.98IndianOilCorporationLtd. 0.97Industrial Capital Goods 4.03SiemensLtd. 1.09ABBIndiaLtd. 1.01BharatElectronicsLtd. 0.97BharatHeavyElectricalsLtd. 0.96Transportation 3.06InterglobeAviationLtd. 1.08ContainerCorporationofIndiaLtd. 1.03Adani Ports and Special EconomicZoneLtd. 0.95Power 2.99NHPCLtd. 1.01PowerGridCorporationofIndiaLtd. 1.00NTPCLtd. 0.98Non - Ferrous Metals 2.98VedantaLtd. 1.02HindalcoIndustriesLtd. 0.98HindustanZincLtd. 0.98Auto Ancillaries 2.83BoschLtd. 1.01MRFLtd. 0.95MothersonSumiSystemsLtd. 0.87Ferrous Metals 2.81TataSteelLtd. 0.96JSWSteelLtd. 0.93SteelAuthorityofIndiaLtd. 0.92Consumer Durables 2.19TitanCompanyLtd. 1.13HavellsIndiaLtd. 1.06Gas 2.07PetronetLNGLtd. 1.08GAIL(India)Ltd. 0.99Oil 1.98Oil&NaturalGasCorporationLtd. 1.00OilIndiaLtd. 0.98Minerals/Mining 1.98NMDCLtd. 1.04CoalIndiaLtd. 0.94Telecom - Services 1.85BhartiAirtelLtd. 1.02VodafoneIdeaLtd. 0.83Media & Entertainment 1.79SunTVNetworkLtd. 0.93ZeeEntertainmentEnterprisesLtd. 0.86Telecom - Equipment & Accessories 1.17BhartiInfratelLtd. 1.17Pesticides 1.07UPLLtd. 1.07Chemicals 0.98PidiliteIndustriesLtd. 0.98Construction Project 0.95Larsen&ToubroLtd. 0.95Construction 0.91DLFLtd. 0.91Retailing 0.87AvenueSupermartsLtd. 0.87Total Equity 99.28Treasury Bills 0.06 91DAYT-BILLSovereign 0.06Cash & Cash Equivalents 0.66 Net Assets 100.00 Top 10 Equity Holdings
Market Cap Allocation (As on January 31, 2019) (% of NAV)
Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesOthersTreasury BillCash & Other Assets
89.67%
9.48%0.13% 0.06% 0.66%0%
20%40%60%80%
100%
18
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 marketsandthearbitrageopportunitiesavailablewithinthederivativesegmentandbyinvestingthebalanceindebtandmoneymarketinstruments.ThereisnoassuranceorguaranteethattheinvestmentobjectiveoftheSchemewillberealized.
Fund Details Portfolio
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
17-Sep-18 0.0620 10.3724 0.0626 10.477117-Aug-18 0.0629 10.6631 0.0635 10.765217-Jul-18 0.0630 10.688 0.0636 10.7848Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.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:**ThePortfolioTurnoverRate(PTR)meansthelowerofaggregatesales or purchases made during the 12 month rolling year/period divided by the 12 month rolling year/period Average asset under Management for the relevantyear/period.# TotalExpenseRatioincludesGSTonmanagementfees.*EffectiveFebruary01,2017.
DataAsonJanuary31,2019
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNewInvestor-`5,000 SIP-` 500£
ExistingInvestor-`1,000STP-`1,000 RWP-` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM:7.10
AUM:6.92
Allotment Date & Benchmark Allotment Date
RegularPlan:April21,2016DirectPlan:April21,2016
Benchmark: Nifty 50 Arbitrage Index
`
Load StructureEntry Load: NILExit Load:0.50%-Ifredeemedonorbefore30daysfromthedateofallotment.NIL- Ifredeemed after 30 days from the date of allotment.
Plans RegularPlan&DirectPlan.Options BoththePlansofferMonthly*Dividend& Growth Option. Monthly* Dividend Optionunder both the Plan offers facility of Payout,ReinvestmentandSweep.
Other Details (As on January31,2019)Portfolio Turnover Ratio**: 9.11
Fund Manager DetailsName: RajatJain
Managing Since: April 2016Total Experience: 29 years
Expense Ratio# (As on January31,2019)Direct Plan - 0.62 %
Regular Plan - 0.81 %`
Sector Allocation (As on January 31, 2019)
(% of NAV)
Finance 21.09% Pharmaceuticals 11.13% Banks 10.23% Telecom-Services 7.53% Petroleum Products 7.09% Power 5.89% Construction 3.35% Auto 2.10%
Performance (As on 31/01/2019)
Period Principal Arbitrage Fund
Nifty 50 Arbitrage Index(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%) $PTP Returns
Returns (%)
$PTP Returns
1Year(31-01-2018to31-01-2019) -0.98 9902.37 4.85 10485.09 -0.37 9963.05SinceInception(21-04-2016to31-01-2019) 3.12 10893.00 5.04 11465.21 13.50 14219.97Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.AboveoneyearperformanceofPrincipalArbitrageFundisnotgivenastheschemehavenotbeeninexistencefor3years.
Name Rating / Industry
% of NAV
% to Net Assets De-
rivativesFinance 21.09 -21.21MultiCommodityExchangeofIndiaLtd. 9.25 -9.31IDFCLtd. 6.80 -6.84RelianceCapitalLtd. 5.04 -5.06Pharmaceuticals 11.13 -11.17AurobindoPharmaLtd. 9.11 -9.14SunPharmaceuticalIndustriesLtd. 2.02 -2.03Banks 10.23 -10.26YesBankLtd. 5.89 -5.91ICICIBankLtd. 4.34 -4.35Telecom - Services 7.53 -7.56BhartiAirtelLtd. 7.53 -7.56Petroleum Products 7.09 -7.12RelianceIndustriesLtd. 7.09 -7.12Power 5.89 -5.87CESCLtd. 4.96 -4.94TataPowerCompanyLtd. 0.93 -0.93Construction 3.35 -3.35IRBInfrastructureDevelopersLtd. 3.35 -3.35Auto 2.10 -2.11EscortsLtd. 2.10 -2.11Total Equity 68.41 -68.65Treasury Bills 0.14 91DAYT-BILL Sovereign 0.14Investment Funds/Mutual Funds 15.35 PrincipalCashManagementFund-GrowthOption Mutual Fund 15.35Cash & Cash Equivalents 16.10 Net Assets 100.00
19
Principal Hybrid Equity Fund(An open ended hybrid scheme investing predominantly in equity and equity related instruments)
(Erstwhile Principal Balanced Fund)
Fund Details Portfolio
Dividend UpdateDate Regular Plan Direct Plan
Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV17-Jan-19 0.2574 25.7200 0.2973 29.720017-Dec-18 0.2514 25.9500 NA NA16-Nov-18 0.2586 25.9100 0.2953 29.600017-Oct-18 0.2568 25.8000 0.2931 29.4500Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.TheschemefeaturesofPrincipalBalancedFundhaschangedw.e.fJune11,2018
Performance (As on 31/01/2019)
Period Principal Hybrid Equity Fund
CRISIL Hybrid 35+65 - Aggressive Index*
(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%) $PTP Returns Returns (%) $PTP
Returns Returns (%) $PTP Returns
1Year(31-01-2018to31-01-2019) -3.35 9664.90 0.19 10018.78 -0.37 9963.053Years(29-01-2016to31-01-2019) 15.67 15494.71 12.17 14126.14 14.20 14909.675Years(31-01-2014to31-01-2019) 15.84 20865.92 13.21 18600.72 13.61 18930.26SinceInception(14-01-2000to31-01-2019) 11.13 74700.00 NA NA 12.04 87238.88Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable. Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.*TheequitycomponentofCRISILHybrid35+65-AggressiveIndexisrepresentedbytotalreturnsvariantofS&PBSE200
DataAsonJanuary31,2019
Minimum Investment Amount (`)Lumpsum Special ProductsNewInvestor-`5,000 SIP-` 500£
ExistingInvestor-`1,000STP-`1,000 RWP-` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM: 1,670.23
AUM:1,669.78
Allotment Date & Benchmark Allotment Date
RegularPlan:January14,2000DirectPlan:January1,2013
Benchmark: CRISILHybrid35+65-AggressiveIndex
`Load StructureEntry Load: NILExit Load: If redeemed/ switched on or before1yearfromthedateofallotment:-Nil for redemption/ switch out of units upto 24%oftheunitsallotted(thelimit)-1%onredemption in excess of 24% of the limitstated above- Redemption of units wouldbe done on First in First out Basis (FIFO) Nil thereafter
Plans RegularPlan&DirectPlan.Options BoththePlansofferGrowth&MonthlyDividend Option. Monthly Dividend Optionunder both the Plan offers facility of Payout,ReinvestmentandSweep.
Ratios & Other Details (As on January31,2019)Standard Deviation^@ (Annualised): 11.75%Beta^@ : 1.19Sharpe Ratio^@ (Annualised) : 0.75 Portfolio Turnover Ratio**@ : 1.63
Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.50%riskfreerateofreturn(1days-MIBORRateAsonJanuary31,2019).** 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 (AsonJanuary31,2019).# TotalExpenseRatioincludesGSTonmanagementfees.@Forequityportiononly.
Fund Manager DetailsName: P.V.K.Mohan(ForEquityPortion)
&BekxyKuriakose (For Debt Portion)Managing Since: May 2010 & Mar 2016
Total Experience: 25 years & 18 years
Expense Ratio# (AsonJanuary31,2019)Direct Plan - 0.60 %
Regular Plan - 2.02 %`
For NAV details, please refer page 6
Investment Objective:TheInvestmentobjectiveoftheSchemeistoprovidelong-termappreciationandcurrentincomebyinvestinginaportfolioofequity,equityrelatedsecuritiesandfixedincomesecurities.
Sector Allocation (Top 10) (As on January 31, 2019) (% of NAV)
Banks 14.71% Consumer Non Durables 10.58% Software 9.96% Power 4.08% Petroleum Products 3.56% Construction Project 3.31% Finance 2.90% Pharmaceuticals 2.16% Cement 2.13% Non-FerrousMetals 1.87%
Gross Yield To Maturity of the Debt Portfolio8.02%
Average Maturity of the Debt Portfolio (As on Jan 31, 2019)
ExcludingDebtMutualFundunits:2.51years (30.80%ofthenetassets)Debt Mutual Fund units:Principal Credit Risk Fund : 1.42 years (0.97% of the net assets) (As on January 31, 2019)
Modified Duration of the Debt Portfolio (As on Jan 31, 2019)
ExcludingDebtMutualFundunits:1.95years (30.80%ofthenetassets)Debt Mutual Fund units:Principal Credit Risk Fund : 1.13 years (0.97% of the net assets) (As on January 31, 2019)
Top 10 Equity Holdings¤ RatinghasbeenrevisedtoBWRAA+w.e.f.February03,2019
Market Cap Allocation (As on Jan 31, 2019) (% of NAV)Equity&EquityRelatedInstrumentsofLargeCapCo. 50.54Equity&EquityRelatedInstrumentsofMidCapCo. 6.06Equity&EquityRelatedInstrumentsofSmallCapCo. 10.88Debt 22.97Mutual Funds 0.97Cash & Other Assets 8.58
Name Rating % of NAV% of NAV
Deriva-tives
Banks 14.71HDFCBankLtd. 3.79ICICIBankLtd. 3.32KotakMahindraBankLtd. 2.10State Bank of India 1.79AxisBankLtd. 1.54KarurVysyaBankLtd. 0.81TheFederalBankLtd. 0.62Bank of Baroda 0.57Vijaya Bank 0.17Consumer Non Durables 10.58ITCLtd. 2.62MaricoLtd. 1.75HindustanUnileverLtd. 1.58DaburIndiaLtd. 1.54GlaxoSmithKlineConsumerHealthcareLtd. 1.52
BritanniaIndustriesLtd. 0.89Bombay Burmah Trading CorporationLtd. 0.68
Software 9.96InfosysLtd. 3.02TataConsultancyServicesLtd. 2.26TechMahindraLtd. 1.28WiproLtd. 1.11Larsen&ToubroInfotechLtd. 0.89CyientLtd. 0.74HCLTechnologiesLtd. 0.66Power 4.08TataPowerCompanyLtd. 1.86NTPCLtd. 1.20PowerGridCorporationofIndiaLtd. 1.02Petroleum Products 3.56RelianceIndustriesLtd. 3.56Construction Project 3.31Larsen&ToubroLtd. 1.64IrconInternationalLtd. 0.93Hindustan Construction CompanyLtd. 0.74
Finance 2.90Housing Development Finance CorporationLtd. 1.90ICICI Prudential Life Insurance CompanyLtd. 0.58
MagmaFincorpLtd. 0.42Pharmaceuticals 2.16AurobindoPharmaLtd. 1.09Sun Pharmaceutical IndustriesLtd. 1.07
Cement 2.13AmbujaCementsLtd. 0.86ACCLtd. 0.85TheIndiaCementsLtd. 0.30BirlaCorporationLtd. 0.12Non - Ferrous Metals 1.87VedantaLtd. 0.78National Aluminium CompanyLtd. 0.59
HindustanZincLtd. 0.50Fertilisers 1.80Chambal Fertilisers and ChemicalsLtd. 1.80
Ferrous Metals 1.51KirloskarFerrous IndustriesLtd. 1.02
SteelAuthorityofIndiaLtd. 0.49Hotels, Resorts And Other Recreational Activities 1.46The Indian Hotels CompanyLtd. 1.46
Name Rating % of NAV% of NAV
Deriva-tives
Auto 1.43Mahindra&MahindraLtd. 0.72MarutiSuzukiIndiaLtd. 0.71Telecom - Services 1.22BhartiAirtelLtd. 1.22Consumer Durables 1.22BajajElectricalsLtd. 1.22Industrial Products 1.15RamkrishnaForgingsLtd. 0.90UflexLtd. 0.25Minerals/Mining 0.97CoalIndiaLtd. 0.97Chemicals 0.83PhillipsCarbonBlackLtd. 0.83Auto Ancillaries 0.41AsahiIndiaGlassLtd. 0.41Construction 0.21ITDCementationIndiaLtd. 0.21Diversified Consumer Services 0.01
CLEducateLtd. 0.01Total Equity 67.48BONDS & NCD 15.64 National Bank for Agriculture and Rural Development CRISIL AAA 1.77
Hindalco Industries Ltd CRISIL AA 1.52Indian Railway Finance Corporation Ltd CRISIL AAA 1.50
Piramal Enterprises Ltd [ICRA]AA 1.49Reliance Industries Ltd CRISIL AAA 1.21Bharat Petroleum Corporation Ltd CRISIL AAA 1.01Dewan Housing Finance Corporation Ltd¤ BWR AAA 0.95
Tata Motors Ltd CARE AA+ 0.86Dewan Housing Finance Corporation Ltd¤ BWR AAA 0.83
RelianceJioInfocommLtd CRISIL AAA 0.75JamnagarUtilities&PowerPrivate Ltd CRISIL AAA 0.60
ICICI Bank Ltd [ICRA]AA+ 0.58Vedanta Ltd CRISIL AA 0.57Aspire Home Finance Corporation Ltd [ICRA]A+ 0.54
Export-ImportBankofIndia CRISIL AAA 0.31Housing Development Finance Corporation Ltd CRISIL AAA 0.30
Piramal Enterprises Ltd [ICRA]AA 0.30Dewan Housing Finance Corporation Ltd¤ BWR AAA 0.30
EssKayFincorpLtd IND A (SO) 0.19Power Finance Corporation Ltd CRISIL AAA 0.06
Sovereign 5.92 7.16%GovernmentofIndia Sovereign 2.017.59%GovernmentofIndia Sovereign 1.037.35%GovernmentofIndia Sovereign 0.846.84%GovernmentofIndia Sovereign 0.837.17%GovernmentofIndia Sovereign 0.737.37%GovernmentofIndia Sovereign 0.48Certificate of Deposits 1.41 AxisBankLtd. CRISIL A1+ 1.41Investment Funds/ Mutual Funds 0.97 PrincipalCreditRiskFund-DirectPlan-GrowthOption Mutual Fund 0.97
Index Futures / Options 0.11 Cash & Cash Equivalents 8.58 Net Assets 100.00
20
Principal Balanced Advantage Fund(Erstwhile Principal SMART Equity Fund)
(AnOpen-endeddynamicassetallocationfund)
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 fundsintoequity;andindebt/moneymarketinstrumentsfordefensivepurposes.TheSchemewilldecideonallocationoffundsintoequityassetsbasedonequitymarketPriceEarningsRatio(PERatio)levels.Whenthemarketsbecomeexpensiveintermsof‘PricetoEarnings’Ratio;theSchemewillreduceitsallocationtoequitiesandmoveassetsintocashfuturearbitrage/equityderivatives,debtand/ormoneymarketinstrumentsandviceversa.
Portfolio
Name Rating / Industry
% to Net
Assets
% to Net Assets
Deriva-tives
Banks 15.70 -10.73ICICIBankLtd. 5.69 -4.55Punjab National Bank 3.62 -3.64State Bank of India 3.21 -2.54
HDFCBankLtd. 1.48
AxisBankLtd. 0.86
KotakMahindraBankLtd. 0.84
Pharmaceuticals 10.45 -9.00AurobindoPharmaLtd. 7.80 -7.17SunPharmaceuticalIndustriesLtd. 2.53 -1.71
WockhardtLtd. 0.12 -0.12
Finance 6.91 -5.65MultiCommodityExchangeofIndiaLtd. 2.79 -2.81Housing Development Finance CorporationLtd. 2.35 -1.44
IndiabullsHousingFinanceLtd. 1.41 -1.40ICICI Prudential Life Insurance CompanyLtd. 0.36
Auto 6.74 -6.19MarutiSuzukiIndiaLtd. 4.66 -4.68
BajajAutoLtd. 0.95 -0.95
Mahindra&MahindraLtd. 0.57 0.00
EscortsLtd. 0.35 -0.35
TataMotorsLtd-A-DVR 0.21 -0.21
Power 6.72 -4.51AdaniPowerLtd. 4.18 -4.20
PowerGridCorporationofIndiaLtd. 0.83
NTPCLtd. 0.80
TataPowerCompanyLtd. 0.61
ReliancePowerLtd. 0.30 -0.31
Consumer Non Durables 6.08 -2.00ITCLtd. 3.18 -2.00
BritanniaIndustriesLtd. 0.87
MaricoLtd. 0.75
HindustanUnileverLtd. 0.73
DaburIndiaLtd. 0.55
Petroleum Products 4.74 -3.38RelianceIndustriesLtd. 4.74 -3.38
Software 3.03
TataConsultancyServicesLtd. 1.10
Dividend UpdateDate Regular Plan Direct Plan
Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV17-Jan-19 0.1138 14.4200 0.1262 15.990017-Dec-18 0.1234 14.5200 0.1367 16.090016-Nov-18 0.1251 14.5800 0.1385 16.140017-Oct-18 0.1251 14.5900 0.1384 16.1300Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.TheschemefeaturesofPrincipalSMARTEquityFundhaschangedw.e.fJune4,2018
Note:^Theabovemeasureshavebeencalculatedbytakingrollingreturnsfora3yearperiodwith6.50%riskfreerateofreturn(1days-MIBORRateAsonJanuary31,2019).** 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(AsonJanuary31,2019).# TotalExpenseRatioincludesGSTonmanagementfees.
DataAsonJanuary31,2019
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNewInvestor-`5,000 SIP-` 500£
ExistingInvestor-`1,000STP-`1,000 RWP-` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM:166.69
AUM:168.94
Allotment Date & Benchmark Allotment Date
RegularPlan:December16,2010DirectPlan:January1,2013
Benchmark: 50%Nifty100Index+35%CRISILShortTermBondIndex+15%NiftyArbitrageIndex
`
Load StructureEntry Load: NILExit Load: If redeemed/ switched on or before1yearfromthedateofallotment:-Nilforredemption/switchoutofunitsupto24%oftheunitsallotted(thelimit)-1%onredemption in excess of 24% of the limitstatedabove-Redemptionofunitswouldbedone on First in First out Basis (FIFO)Nil thereafter
Plans RegularPlan&DirectPlan.Options BoththePlansofferGrowth&MonthlyDividend Option. Monthly Dividend Optionunder both the Plans offers facility of Payout,ReinvestmentandSweep.
Ratios & Other Details (AsonJanuary31,2019)Standard Deviation^ (Annualised): 6.03%Beta^ : 0.77Sharpe Ratio^ (Annualised) : 0.21 Portfolio Turnover Ratio** : 6.18
Fund Manager DetailsName: P.V.K.Mohan(ForEquityPortion)
&BekxyKuriakose (For Debt Portion)Managing Since: July2017&January2018
Total Experience: 25 years & 18 years
Expense Ratio# (AsonJanuary31,2019)Direct Plan - 0.85 %
Regular Plan - 2.68 %`
Sector Allocation of Equity Instruments (Top 10) (As on January 31, 2019) (% of NAV)
Banks 15.70% Pharmaceuticals 10.45% Finance 6.91% Auto 6.74% Power 6.72% Consumer Non Durables 6.08% Petroleum Products 4.74% Software 3.03% Cement 2.52% Fertilisers 1.05%
Performance (As on 31/01/2019)
Period Principal Balanced Advantage Fund
50% Nifty 100 TRI Index + 35% CRISIL Short
Term Bond Index + 15% Nifty Arbitrage Index
(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
1Year(31-01-2018to31-01-2019) 2.51 10251.00 2.16 10216.01 -0.37 9963.053Years(29-01-2016to31-01-2019) 7.82 12543.00 10.58 13580.77 14.20 14909.675Years(31-01-2014to31-01-2019) 11.45 17203.03 11.07 17071.84 13.61 18930.26SinceInception(16-12-2010to31-01-2019) 9.18 20420.00 8.68 19715.51 8.98 20120.22Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP(PointtoPoint) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable.Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.
Fund Details
Name Rating / Industry
% to Net
Assets
% to Net Assets
Deriva-tives
InfosysLtd. 1.04
TechMahindraLtd. 0.89
Cement 2.52 -1.83
CenturyTextiles&IndustriesLtd. 1.82 -1.83
ACCLtd. 0.70
Fertilisers 1.05
ChambalFertilisersandChemicalsLtd. 1.05
Construction Project 0.80
Larsen&ToubroLtd. 0.80
Telecom - Services 0.78
BhartiAirtelLtd. 0.78Hotels, Resorts And Other Recreational Activities 0.67
TheIndianHotelsCompanyLtd. 0.67
Minerals/Mining 0.62
CoalIndiaLtd. 0.62
Ferrous Metals 0.48
SteelAuthorityofIndiaLtd. 0.48
Non - Ferrous Metals 0.45
VedantaLtd. 0.45
Total Equity 67.74 -43.29
BONDS & NCD 12.94Dewan Housing Finance CorporationLtd.¤ BWR AAA 3.34
VedantaLtd. CRISIL AA 2.97
JMFinancialProductsLtd. CRISIL AA 2.37
PiramalEnterprisesLtd. [ICRA]AA 1.78
RelianceJioInfocommLtd. CRISIL AAA 1.31Dewan Housing Finance CorporationLtd.¤ BWR AAA 1.17
Sovereign 1.20 7.35%GovernmentofIndia22-Jun-2024 Sovereign 1.20
Treasury Bills 0.37
91DAYT-BILL Sovereign 0.29
91DAYT-BILL Sovereign 0.08Investment Funds/ Mutual Funds 1.99
Principal Cash Management Fund-GrowthOption
Mutual Fund 1.99
Cash & Cash Equivalents 15.76
Net Assets 100.00
Top 10 Equity Holdings¤ RatinghasbeenrevisedtoBWRAA+w.e.f.February03,2019
NET EQUITY LEVEL: 24.45
Market Cap Allocation (As on January 31, 2019) (% of NAV)
Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap CompaniesOthersDebtInvestment Funds/Mutual FundsCash & Other Assets
51.32%
12.25%3.96%
0.21%
14.51%1.99%
15.76%
0%
20%
40%
60%
21
Principal Equity Savings Fund(Anopenendedschemeinvestinginequity,arbitrageanddebt)
Fund Details Portfolio
Dividend UpdateDate Regular Plan Direct Plan
Dividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAVQuarterly Dividend (Last 3 Quarters)17-Sep-18 0.1842 12.7142 N.A. N.A.15-Jun-18 0.1528 12.6801 N.A. N.A.15-Dec-17 0.2213 12.7620 N.A. N.A.Half Yearly Dividend15-Jun-18 0.1400 12.0293 0.2100 11.909415-Dec-17 0.7400 12.6361 1.2200 12.9214Past performance may or may not be sustained in the future. * On face value of `10.Note: All Dividend (`/Unit)figuresareGrossDividend.Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.
DataAsonJanuary31,2019
Minimum Investment Amount (`)Lumpsum Special ProductsNewInvestor-`5,000 SIP-` 500£
ExistingInvestor-`1,000STP-`1,000 RWP-` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM:71.90
AUM:71.29
Allotment Date & Benchmark Allotment Date
RegularPlan:May23,2002DirectPlan:January1,2013Benchmark: 30%Nifty50+
70%CRISILLiquidFundIndex
`
Load StructureEntry Load: NILExit Load:Nil(w.e.fAugust02,2017)
Plans RegularPlan&DirectPlan.Options BoththePlansofferGrowth&Halfyearly andQuarterlyDividendOption.
Month End Quants of the Debt Portfolio (AsonJanuary31,2019)Average Maturity: 176 DaysModified Duration: 151 DaysGross Yield to Maturity: 8.10%Portfolio Turnover Ratio** : 5.63
Note:**ThePortfolioTurnoverRate(PTR)meansthelowerofaggregatesales 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 (AsonJanuary31,2019).# TotalExpenseRatioincludesGSTonmanagementfees.@Forequityportiononly.
Fund Manager DetailsName: P.V.K.Mohan (For Equity Portion)
&PankajJain (For Debt Portion)Managing Since: June2016&January2018
Total Experience: 25 years & 16 years
Expense Ratio# (AsonJanuary31,2019)Direct Plan - 1.41%
Regular Plan - 2.91%`
For NAV details, please refer page 6
Investment Objective:Toprovidecapitalappreciationandincomedistributiontotheinvestorsbyusingequityandequityrelatedinstruments,arbitrageopportunities,andinvestmentsindebtandmoneymarketinstruments.However,therecanbenoassurancethattheinvestmentobjectiveoftheSchemewillberealizedorthatincomewillbegeneratedandtheschemedoesnotassureorguaranteeanyreturns.
Sector Allocation (Top 10) (As on January 31, 2019) (% of NAV)
Software 10.55% Finance 9.61% Banks 9.06% Pharmaceuticals 7.38%
Consumer Non Durables 7.03%
Auto 6.40% Telecom-Services 4.68% Cement 3.43% Power 3.16% Construction Project 1.93%
Performance (As on 31/01/2019)
Period Principal Equity Savings Fund
30% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index (Scheme’s Benchmark)
CRISIL 10 Year Gilt Index(Additional Benchmark)
Returns (%) $PTP Returns Returns (%) $PTP
Returns Returns (%) $PTP Returns
1Year(31-01-2018to31-01-2019) 0.55 10054.93 5.26 10526.26 7.16 10715.553Years(29-01-2016to31-01-2019) 7.38 12387.69 9.35 13118.70 6.58 12113.375Years(31-01-2014to31-01-2019) 7.36 14266.40 9.55 15878.62 8.10 14764.07SinceInception(23-05-2002to31-01-2019) 7.80 35051.70 9.83 61385.22 6.60 29094.70Differentplansshallhaveadifferentexpensestructure.TheperformancedetailsprovidedhereinareofRegularPlan-Growthoption.Past performance may or may not be sustained in future.Returns(in%)arecalculatedonCompoundedAnnualisedBasis(CAGR).$PTP (Point to Point) Returns are based on standard investment of `10,000/-madeatthebeginningofrelevantperiod.Performanceofthedividendoptionfortheinvestorswouldbenetofdividenddistributiontax,asapplicable. Pleasereferpage33forannexureofreturnsforallschememanagedbythefundmanager.
Name Rating / Industry
% of NAV
% to Net Assets
Deriva-tives
Software 10.55 -6.98InfosysLtd. 8.19 -6.98
TataConsultancyServicesLtd. 1.33
TechMahindraLtd. 1.03
Finance 9.61 -7.83Housing Development Finance CorporationLtd. 6.37 -4.88
RelianceCapitalLtd. 2.94 -2.95ICICI Prudential Life InsuranceCompanyLtd. 0.30
Banks 9.06 -3.66State Bank of India 1.92 -1.24HDFCBankLtd. 1.91
Punjab National Bank 1.52 -1.53
ICICIBankLtd. 1.28
KotakMahindraBankLtd. 0.88
Bank of Baroda 0.88 -0.89
AxisBankLtd. 0.67
Pharmaceuticals 7.38 -5.72AurobindoPharmaLtd. 3.62 -3.00Sun Pharmaceutical IndustriesLtd. 2.42 -1.38
Dr.Reddy'sLaboratoriesLtd. 1.34 -1.34
Consumer Non Durables 7.03 -0.72
BritanniaIndustriesLtd. 1.64 -0.72GlaxoSmithKlineConsumerHealthcareLtd. 1.49
ITCLtd. 1.48
MaricoLtd. 1.24
DaburIndiaLtd. 1.18
Auto 6.40 -5.50MarutiSuzukiIndiaLtd. 2.87 -2.88
AshokLeylandLtd. 1.51 -1.52
TataMotorsLtd-A-DVR 1.10 -1.10
Mahindra&MahindraLtd. 0.92
Telecom - Services 4.68 -3.75BhartiAirtelLtd. 4.68 -3.75
Cement 3.43 -2.49CenturyTextiles&IndustriesLtd. 2.47 -2.49
ACCLtd. 0.96
Power 3.16 -0.64
TataPowerCompanyLtd. 0.94
PowerGridCorporationofIndiaLtd. 0.79
Name Rating / Industry
% of NAV
% to Net Assets
Deriva-tives
NTPCLtd. 0.79
RelianceInfrastructureLtd. 0.64 -0.64
Construction Project 1.93
Larsen&ToubroLtd. 1.33
IrconInternationalLtd. 0.60
Non - Ferrous Metals 1.78 -1.24
HindalcoIndustriesLtd. 1.23 -1.24
VedantaLtd. 0.55
Petroleum Products 1.26
RelianceIndustriesLtd. 1.26
Minerals/Mining 1.20
CoalIndiaLtd. 1.20
Auto Ancillaries 1.02 -1.02
ExideIndustriesLtd. 1.02 -1.02
Construction 0.86 -0.86
DLFLtd. 0.60 -0.60
IRBInfrastructureDevelopersLtd. 0.26 -0.26
Industrial Products 0.85 -0.85
JainIrrigationSystemsLtd. 0.85 -0.85
Ferrous Metals 0.57
SteelAuthorityofIndiaLtd. 0.57
Total Equity 70.77 -41.26
BONDS & NCD 12.14
RelianceJioInfocommLtd CRISIL AAA 4.21Suryoday Small Finance Bank Ltd [ICRA]A 2.82
Piramal Enterprises Ltd [ICRA]AA 2.37Power Finance Corporation Ltd CRISIL AAA 1.38Power Grid Corporation of India Ltd CRISIL AAA 0.72
EssKayFincorpLtd IND A (SO) 0.64
Commercial Paper 1.32 Housing Development FinanceCorporationLtd. CRISIL A1+ 1.32
Treasury Bills 0.11
91DAYT-BILL Sovereign 0.11
Investment Funds/Mutual Funds 2.26 Principal Cash Management Fund-GrowthOption
Mutual Fund 2.26
Cash & Cash Equivalents 13.40
Net Assets 100.00 Top 10 Equity Holdings
Market Cap Allocation (As on January 31, 2019) (% of NAV)
Equity & Equity Related Instruments of Large Cap CompaniesEquity & Equity Related Instruments of Mid Cap CompaniesEquity & Equity Related Instruments of Small Cap Companies
DebtOthers
Mutual FundsCash & Other Assets
57.47%
7.55% 4.65% 1.10%13.57%
2.26%13.40%
0%
20%
40%
60%
NET EQUITY LEVEL: 29.51
22
112
Principal Cash Management Fund
Investment Objective: To provide investors with as high a level of income available from short-term investments as is considered consistent with preservation of capital and maintenance of liquidity, by investing in a portfolio of money market and investment grade debt instruments.
Fund Details Portfolio
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
Monthly Dividend (Last 3 Months)16-Aug-18 5.9512 1028.6756 6.0021 1028.743317-Jul-18 6.9517 1029.6761 7.0061 1029.747315-Jun-18 5.7679 1028.4923 5.8172 1028.5584Past 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.
Performance (As on 31/01/2019)
Period Principal Cash Management Fund
CRISIL Liquid Fund Index
(Scheme’s Benchmark)
CRISIL 1 Year T-Bill Index
(Additional Benchmark)Returns () $PTP
ReturnsReturns () $PTP
ReturnsReturns () $PTP
Returns1 Year (31-01-2018 to 31-01-2019) -1.79 9820.76 7.68 10767.64 7.22 10722.123 Years (29-01-2016 to 31-01-2019) 4.10 11286.31 7.27 12351.15 6.73 12165.655 Years (31-01-2014 to 31-01-2019) 5.91 13328.18 7.81 14570.77 7.38 14282.15Since Inception (30-08-2004 to 31-01-2019) 6.90 26190.80 7.16 27137.48 6.14 23638.25Different 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. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.
Data As on January 31, 2019
Rating Profile (As on January 31, 2019) (% of NAV)
77.02%
8.60%
14.38%
0.00% 20.00% 40.00% 60.00% 80.00%
A1+
Sovereign
Cash & Cash Equivalents
Note: # Total Expense Ratio includes GST on management fees.
Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000 RWP- ` 500 6 installments each
Asset Under Managment (` Cr)MAAUM: 381.55
AUM: 377.39
Allotment Date & Benchmark Allotment Date
Regular Plan: August 30, 2004Direct Plan: January 1, 2013
Benchmark: CRISIL Liquid Fund Index
`
Load StructureEntry Load: NILExit Load: NIL
Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option. Dividend Frequency - Daily / Weekly / Monthly
Month End Quants of the Debt Portfolio (As on January 31, 2019)Average Maturity: 20 DaysModified Duration: 19 DaysGross Yield to Maturity: 6.86%
Fund Manager DetailsName: Pankaj Jain
Managing Since: January 2012Total Experience: 16 years
Expense Ratio# (As on January 31, 2019)Direct Plan - 0.10 %
Regular Plan - 0.17 %`
For NAV details, please refer page 6
Composition By Assets (As on Jan 31, 2019) (% of NAV)
Commercial Paper 50.11% Certificate of Deposits 26.91% Treasury Bills 8.60% Cash and Other Assets 14.38%
Name Rating % of NAV
Commercial Paper 50.11 Reliance Industries Ltd CRISIL A1+ 7.90 Reliance Jio Infocomm Ltd CRISIL A1+ 6.62 Housing Development Finance Corporation Ltd CRISIL A1+ 6.61 Bajaj Finance Ltd CRISIL A1+ 6.57 L&T Housing Finance Ltd [ICRA]A1+ 6.54 Indian Railway Finance Corporation Ltd CRISIL A1+ 6.51 NTPC Ltd [ICRA]A1+ 5.54 National Bank for Agriculture and Rural Development CRISIL A1+ 1.32 NTPC Ltd [ICRA]A1+ 1.32 Reliance Jio Infocomm Ltd CRISIL A1+ 0.92 Tata Power Company Ltd CRISIL A1+ 0.26 Certificate of Deposits 26.91 Indian Bank IND A1+ 6.60 Axis Bank Ltd CRISIL A1+ 6.59 ICICI Bank Ltd [ICRA]A1+ 6.57 Vijaya Bank [ICRA]A1+ 5.83 The South Indian Bank Ltd CARE A1+ 1.32 Treasury Bills 8.60 91 DAY T-BILL Sovereign 7.29 45 DAYS CMB Sovereign 1.31 Cash & Cash Equivalents 14.38 Net Assets 100.00
Credit Risk Rating [ICRA] A1 mfs++
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.)
^The aggregate investments by other schemes of Principal Mutual Fund As on January 31, 2019: 8.13 Crore
(An open ended liquid scheme)
23
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. 23 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.
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
Monthly Dividend (Last 3 Months)17-Jan-19 8.5863 1147.7056 8.9541 1150.028017-Dec-18 8.8211 1147.9404 9.2339 1150.307816-Nov-18 8.1112 1147.2305 8.6540 1149.7279Past 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.
Data As on January 31, 2019
Rating Profile (As on January 31, 2019) (% of NAV)
56.21%
21.62%
13.17%
2.86%
2.39%
3.75%
0.00% 20.00% 40.00% 60.00%
A1+
AAA
AA
Sovereign
A(SO)
Cash & Cash Equivalents
Fund Details
Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000 RWP- ` 500 6 installments each
Asset Under Managment (` Cr) MAAUM: 288.28
AUM: 282.01
Allotment Date & Benchmark Allotment Date
Regular Plan: September 14, 2004Direct Plan: January 1, 2013
Benchmark: CRISIL Low Duration Debt Index
`
Load StructureEntry Load: NILExit Load: NIL
Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option. Dividend Frequency - Daily / Weekly / Monthly
Month End Quants of the Debt Portfolio (As on January 31, 2019)Average Maturity: 203 DaysModified Duration: 173 DaysGross Yield to Maturity: 8.37%Macaulay Duration: 6.31 months
Note: # Total Expense Ratio includes GST on management fees.
Fund Manager DetailsName: Pankaj Jain
Managing Since: January 2012Total Experience: 16 years
Expense Ratio# (As on January 31, 2019)Direct Plan - 0.38 %
Regular Plan - 0.71 %`
For NAV details, please refer page 6
Composition By Assets (As on Jan 31, 2019) (% of NAV)
Certificate of Deposits 39.52% BONDS & NCD 37.18% Commercial Paper 16.69% Treasury Bills 2.86% Cash and Other Assets 3.75%
Past performance is no guarantee of future result. (++ for rating methodology please refer page 4.)
Performance (As on 31/01/2019)
Period Principal Low Duration Fund
CRISIL Low Duration Debt Index
(Scheme’s Benchmark)
CRISIL 1 Year T-Bill Index
(Additional Benchmark)Returns
(%)$PTP
ReturnsReturns
(%)$PTP
ReturnsReturns
(%)$PTP
Returns1 Year (31-01-2018 to 31-01-2019) 6.39 10638.56 8.11 10810.84 7.22 10722.123 Years (29-01-2016 to 31-01-2019) 7.39 12391.32 7.93 12581.92 6.73 12165.655 Years (31-01-2014 to 31-01-2019) 7.75 14526.05 8.48 15023.11 7.38 14282.15Since Inception (14-09-2004 to 31-01-2019) 7.69 29033.60 7.51 28339.14 6.16 23618.85Different 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. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.
Portfolio
Name Rating % of NAV
BONDS & NCD 37.18
Dewan Housing Finance Corporation Ltd¤ BWR AAA 8.34
Dewan Housing Finance Corporation Ltd¤ BWR AAA 8.14
Piramal Enterprises Ltd [ICRA]AA 7.98
JM Financial Products Ltd CRISIL AA 5.19
National Bank for Agriculture and Rural Development CRISIL AAA 5.14
Ess Kay Fincorp Ltd IND A (SO) 2.39
Commercial Paper 16.69
NTPC Ltd. [ICRA]A1+ 8.64
Housing Development Finance Corporation Ltd. CRISIL A1+ 7.53
Reliance Jio Infocomm Ltd. CRISIL A1+ 0.52
Certificate of Deposits 39.52
HDFC Bank Ltd. IND A1+ 8.66
ICICI Bank Ltd. [ICRA]A1+ 8.63
Small Industries Development Bank of India CRISIL A1+ 8.51
Axis Bank Ltd. CRISIL A1+ 6.93
IndusInd Bank Ltd. CRISIL A1+ 6.79
Treasury Bills 2.86
91 DAY T-BILL Sovereign 2.86
Cash & Cash Equivalents 3.75
Net Assets 100.00
¤ Rating has been revised to BWR AA+ w.e.f. February 03, 2019
Credit Risk Rating [ICRA] A1+mfs++
24
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.
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
Monthly Dividend (Last 3 Months)17-Jan-19 0.1096 12.9290 0.1169 12.968717-Dec-18 0.1094 12.9288 0.1191 12.970916-Nov-18 0.0874 12.9068 0.0966 12.9484Past 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.
Data As on January 31, 2019
Rating Profile (As on January 31, 2019) (% of NAV)
59.21%
15.34%
8.57%
2.01%
14.87%
0.00% 20.00% 40.00% 60.00% 80.00%
AAA
AA
Sovereign
AA+
Cash & Cash Equivalents
Note: # Total Expense Ratio includes GST on management fees.
Fund Details
Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000 RWP- ` 500 6 installments each
Asset Under Managment (` Cr) MAAUM: 252.47
AUM: 250.90
Allotment Date & Benchmark Allotment Date
Regular Plan: May 09, 2003Direct Plan: January 1, 2013
Benchmark: CRISIL Short-Term Bond Fund Index
`
Load StructureEntry Load: NILExit Load: NIL
Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option.Dividend Frequency Monthly
Month End Quants of the Debt Portfolio (As on January 31, 2019)Average Maturity: 1.62 yearsModified Duration: 1.33 yearsGross Yield to Maturity: 8.41%Macaulay Duration: 1.43 years
Fund Manager DetailsName: Gurvinder Singh Wasan
Managing Since: April 2011Total Experience: 15 years
Expense Ratio# (As on January 31, 2019)Direct Plan - 0.49 %
Regular Plan - 1.06 %`
For NAV details, please refer page 6
Composition By Assets (As on Jan 31, 2019) (% of NAV)
BONDS & NCD 76.56% Sovereign 8.57% Cash and Other Assets 14.87%
CARE AAAmfs++
Past performance is no guarantee of future result. (++ for rating methodology please refer page 4.)
Performance (As on 31/01/2019)
Period Principal Short Term Debt Fund
CRISIL Short-Term Bond Fund Index
(Scheme’s Benchmark)
CRISIL 10 Year Gilt Index
(Additional Benchmark)Returns
(%)$PTP
ReturnsReturns
(%)$PTP
ReturnsReturns
(%)$PTP
Returns1 Year (31-01-2018 to 31-01-2019) 6.32 10631.89 7.10 10710.47 7.16 10715.553 Years (29-01-2016 to 31-01-2019) 7.07 12281.97 7.53 12440.67 6.58 12113.375 Years (31-01-2014 to 31-01-2019) 7.86 14602.76 8.30 14902.30 8.10 14764.07Since Inception (09-05-2003 to 31-01-2019) 7.66 31968.50 7.15 29651.72 5.77 24174.97Different 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. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.
Portfolio
Name Rating % of NAVBONDS & NCD 76.56 Dewan Housing Finance Corporation Ltd.¤ BWR AAA 9.54 Small Industries Development Bank of India CARE AAA 9.42 NTPC Ltd CRISIL AAA 9.14 Piramal Enterprises Ltd [ICRA]AA 6.80 IIFL Home Finance Ltd [ICRA]AA 6.30 Reliance Industries Ltd CRISIL AAA 5.83 National Housing Bank CRISIL AAA 5.70 Reliance Jio Infocomm Ltd CRISIL AAA 5.06 Indiabulls Housing Finance Ltd BWR AAA 3.77 LIC Housing Finance Ltd CRISIL AAA 1.90 Bharat Petroleum Corporation Ltd CRISIL AAA 1.88 National Bank for Agriculture and Rural Development CRISIL AAA 1.87 Indian Railway Finance Corporation Ltd CRISIL AAA 1.53 Power Finance Corporation Ltd CRISIL AAA 1.30 HDFC Bank Ltd CRISIL AA+ 1.27 National Bank for Agriculture and Rural Development CRISIL AAA 1.14 JM Financial Products Ltd CRISIL AA 1.13 REC Ltd CRISIL AAA 1.13 ICICI Bank Ltd [ICRA]AA+ 0.74 Piramal Enterprises Ltd [ICRA]AA 0.57 Hindalco Industries Ltd CRISIL AA 0.54
Sovereign 8.57
7.16% Government of India Sovereign 3.80 8.12% Government of India Sovereign 1.94 7.37% Government of India Sovereign 1.91 6.84% Government of India Sovereign 0.92 Cash & Cash Equivalents 14.87 Net Assets 100.00
^The aggregate investments by other schemes of Principal Mutual Fund As on January 31, 2019: 12.37 Crore ¤ Rating has been revised to BWR AA+ w.e.f. February 03, 2019
25
Principal Dynamic Bond Fund(An open ended dynamic debt scheme investing across duration)
Investment Objective: To generate regular income and capital appreciation/accretion through investment in debt instruments and related securities besides preservation of capital.
Portfolio
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
Quarterly Dividend Option (Last 3 Quarters)17-Dec-18 0.3617 13.6933 0.3901 13.785517-Sep-18 0.0559 13.3265 0.1658 13.497515-Dec-17 - - 0.0158 13.3234Annual Dividend Option (Last 3 Years)17-Sep-18 0.0473 11.3455 0.1460 11.767415-Sep-17 0.8390 12.1187 0.9571 12.557423-Sep-16 1.1602 12.4565 1.2865 12.9020Past 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.
Effective after the close of business hours on September 29, 2017 Principal Government Securities Fund has been merged into Principal Dynamic Bond Fund.
Data As on January 31, 2019
Rating Profile (As on January 31, 2019) (% of NAV)
46.52%
26.50%
5.80%
1.21%
19.97%
0.00%10.00%20.00%30.00%40.00%50.00%
AAA
Sovereign
AA+
AA(SO)
Cash & Cash Equivalents
Fund Details
Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000 RWP- ` 500 6 installments each
Asset Under Managment (` Cr) MAAUM: 82.42
AUM: 74.67
Allotment Date & Benchmark Allotment Date
Regular Plan: May 09, 2003Direct Plan: January 1, 2013
Benchmark: CRISIL Composite Bond Fund Index
`
Load StructureEntry Load: NILExit Load: If redeemed on or before 1 Year from the date of allotment - 1%
Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option.Dividend Frequencies Quarterly / Annual
Month End Quants of the Debt Portfolio (As on January 31, 2019)Average Maturity: 3.22 yearsModified Duration: 2.5 yearsGross Yield to Maturity: 8.08%
Note: # Total Expense Ratio includes GST on management fees.
Fund Manager DetailsName: Bekxy Kuriakose
Managing Since: January 2013Total Experience: 18 years
Expense Ratio# (As on January 31, 2019)Direct Plan - 0.94 %
Regular Plan - 1.55 %`
For NAV details, please refer page 6
Composition By Assets (As on Jan 31, 2019) (% of NAV)
BONDS & NCD 53.53% Sovereign 26.50% Cash and Other Assets 19.97%
Name Rating % of NAV
BONDS & NCD 53.53
Export-Import Bank of India CRISIL AAA 6.18
Indian Railway Finance Corporation Ltd CRISIL AAA 6.05
Jamnagar Utilities & Power Private Ltd CRISIL AAA 6.00
Housing Development Finance Corporation Ltd CRISIL AAA 5.99
Dewan Housing Finance Corporation Ltd¤ BWR AAA 5.95
National Bank for Agriculture and Rural Development CRISIL AAA 5.93
Tata Motors Ltd CARE AA+ 5.80
Reliance Industries Ltd CRISIL AAA 5.78
Bharat Petroleum Corporation Ltd CRISIL AAA 2.39
Dewan Housing Finance Corporation Ltd¤ BWR AAA 2.25
Coastal Gujarat Power Ltd CARE AA (SO) 1.21
Sovereign 26.50
7.16% Government of India Sovereign 7.84
7.35% Government of India Sovereign 4.84
6.84% Government of India Sovereign 4.78
7.59% Government of India Sovereign 3.65
7.17% Government of India Sovereign 2.96
7.37% Government of India Sovereign 2.43
Cash & Cash Equivalents 19.97
Net Assets 100.00
¤ Rating has been revised to BWR AA+ w.e.f. February 03, 2019
Maturity Profile
Period Portfolio (%)0-1 11.94
1-3 13.98
3-5 36.61
5-10 17.50
Cash & Others Assets 19.97
Performance (As on 31/01/2019)
Period Principal Dynamic Bond Fund
CRISIL Composite Bond Fund Index
(Scheme’s Benchmark)
CRISIL 10 Year Gilt Index
(Additional Benchmark)Returns
(%)$PTP
ReturnsReturns
(%)$PTP
ReturnsReturns
(%)$PTP
Returns1 Year (31-01-2018 to 31-01-2019) 5.65 10565.13 6.42 10641.50 7.16 10715.553 Years (29-01-2016 to 31-01-2019) 7.09 12288.97 7.67 12489.88 6.58 12113.375 Years (31-01-2014 to 31-01-2019) 8.22 14846.69 9.10 15461.45 8.10 14764.07Since Inception (09-05-2003 to 31-01-2019) 7.39 30708.30 6.62 27418.53 5.77 24174.97Different 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. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.
26
Principal Credit Risk Fund(An open ended debt scheme predominately investing in AA and below rated
corporate bonds (excluding AA+ rated corporate bonds))Investment Objective: To generate income and capital gains by predominantly investing in a portfolio of AA and below rated corporate debt securities across the credit spectrum within the investment grade.
Portfolio
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
Monthly Dividend (Last 3 Months)17-Jan-19 10.1087 1245.6272 11.0452 1249.509117-Dec-18 10.2665 1245.785 11.5729 1250.036816-Nov-18 7.1726 1242.6911 8.4265 1246.8904Past 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.
Data As on January 31, 2019
Rating Profile (As on January 31, 2019) (% of NAV)
30.86%26.28%
9.50%8.47%
6.34%3.38%
2.57%
0.09%12.51%
0.00% 10.00% 20.00% 30.00% 40.00%
AAAAA
AA(SO)A
A+A(SO)
AA+Sovereign
Cash & Cash Equivalents
Fund Details
Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000 RWP- ` 500 6 installments each
Asset Under Managment (` Cr) MAAUM: 78.00
AUM: 78.46
Allotment Date & Benchmark Allotment Date
Regular Plan: September 14, 2004Direct Plan: January 1, 2013
Benchmark: NIFTY Credit Risk Bond Index
`
Load StructureEntry Load: NILExit Load: 1% exit load if redeemed on or before 365 days from the date of allotment. Nil - if redeemed after 365 days from the date of allotment.
Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option.Dividend Frequency Monthly
Month End Quants of the Debt Portfolio (As on January 31, 2019)Average Maturity: 1.42 yearsModified Duration: 1.13 yearsGross Yield to Maturity: 9.29%
Note: # Total Expense Ratio includes GST on management fees.
Fund Manager DetailsName: Gurvinder Singh Wasan
Managing Since: January 01, 2018Total Experience: 15 years
Expense Ratio# (As on January 31, 2019)Direct Plan - 0.86 %
Regular Plan - 1.63 %`
For NAV details, please refer page 6
Composition By Assets (As on Jan 31, 2019) (% of NAV)
BONDS & NCD 87.40% Treasury Bills 0.09% Cash and Other Assets 12.51%
Name Rating % of NAV
BONDS & NCD 87.40
Coastal Gujarat Power Ltd CARE AA (SO) 9.50
Suryoday Small Finance Bank Ltd [ICRA]A 8.47
IIFL Home Finance Ltd [ICRA]AA 8.23
Reliance Jio Infocomm Ltd CRISIL AAA 7.92
Aspire Home Finance Corporation Ltd [ICRA]A+ 6.34
Piramal Enterprises Ltd [ICRA]AA 5.77
Vedanta Ltd CRISIL AA 5.58
Hindalco Industries Ltd CRISIL AA 5.34
Dewan Housing Finance Corporation Ltd¤ BWR AAA 5.30
Power Grid Corporation of India Ltd CRISIL AAA 4.25
Hindalco Industries Ltd CRISIL AA 3.84
Ess Kay Fincorp Ltd IND A (SO) 3.38
Power Finance Corporation Ltd CRISIL AAA 3.12
Dewan Housing Finance Corporation Ltd¤ BWR AAA 3.12
ICICI Bank Ltd [ICRA]AA+ 2.57
Piramal Enterprises Ltd [ICRA]AA 2.10
Reliance Industries Ltd CRISIL AAA 1.52
REC Ltd CRISIL AAA 1.05
Treasury Bills 0.09
91 DAY T-BILL Sovereign 0.09
Cash & Cash Equivalents 12.51
Net Assets 100.00^The aggregate investments by other schemes of Principal Mutual Fund As on January 31, 2019: 16.26 Crore ¤ Rating has been revised to BWR AA+ w.e.f. February 03, 2019
Performance (As on 31/01/2019)
Period Principal Credit Risk Fund
NIFTY Credit Risk Bond Index
(Scheme’s Benchmark)
CRISIL 1 Year T-Bill Index
(Additional Benchmark)Returns
(%)$PTP
ReturnsReturns
(%)$PTP
ReturnsReturns
(%)$PTP
Returns1 Year (31-01-2018 to 31-01-2019) 6.50 10649.75 6.95 10695.11 7.22 10722.123 Years (29-01-2016 to 31-01-2019) 7.39 12392.75 8.26 12697.50 6.73 12165.655 Years (31-01-2014 to 31-01-2019) 8.21 14843.26 9.27 15583.60 7.38 14282.15Since Inception (14-09-2004 to 31-01-2019) 7.58 28611.40 8.73 33331.34 6.16 23618.85Different 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. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.
27
Principal Corporate Bond Fund(An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds)
Investment Objective: To seeks to generate steady income and capital appreciation by investing primarily in AA+ and above rated corporate debt securities across maturities and ratings while maintaining the optimum balance of yield, safety and liquidity.
Portfolio
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
Monthly Dividend (Last 3 Months)17-Jan-19 0.0975 10.3597 0.3164 32.096217-Dec-18 0.0772 10.3394 0.2690 32.048816-Nov-18 0.0697 10.3319 N.A. N.A.Quarterly Dividend (Last 3 Quarters)17-Dec-18 0.2280 12.3132 N.A. N.A.17-Sep-18 0.0911 12.1622 N.A. N.A.15-Sep-17 0.1281 12.1944 N.A. N.A.Past performance may or may not be sustained in the future. * On face value of ` 10. Note: All Dividend (`/Unit) figures are Gross Dividend. Pursuant payment of dividend, the NAV of Dividend Option of schemes/plans would fall to the extent of payout and statutory levy, if applicable.
Data As on January 31, 2019
Rating Profile (As on January 31, 2019) (% of NAV)
78.56%
11.19%
1.62%
0.22%
8.41%
0.00% 20.00% 40.00% 60.00% 80.00%100.00%
AAA
AA+
AA
Sovereign
Cash & Cash Equivalents
Fund Details
Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000 RWP- ` 500 6 installments each
Asset Under Managment (` Cr) MAAUM: 18.84
AUM: 18.43
Allotment Date & Benchmark Allotment Date
Regular Plan: December 30, 2003Direct Plan: January 1, 2013
Benchmark: CRISIL Short Term Bond Fund Index
`
Load StructureEntry Load: NILExit Load: If redeemed on or before 365 days from the date of allotment - 1%. [w.e.f. May 05, 2017]
Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend and Growth Option. Dividend Frequency - Monthly / Quarterly
Month End Quants of the Debt Portfolio (As on January 31, 2019)Average Maturity: 2.2 yearsModified Duration: 1.73 yearsGross Yield to Maturity: 8.35%
Note: # Total Expense Ratio includes GST on management fees.
Fund Manager DetailsName: Gurvinder Singh Wasan
Managing Since: January 01, 2018Total Experience: 15 years
Expense Ratio# (As on January 31, 2019)Direct Plan - 0.44%
Regular Plan - 0.85%`
For NAV details, please refer page 6
Composition By Assets (As on Jan 31, 2019) (% of NAV)
BONDS & NCD 91.37% Treasury Bills 0.22% Cash and Other Assets 8.41%
Name Rating % of NAV
BONDS & NCD 91.37
National Bank for Agriculture and Rural Development CRISIL AAA 10.87
HDFC Bank Ltd CRISIL AA+ 8.54
Reliance Jio Infocomm Ltd CRISIL AAA 8.15
Power Finance Corporation Ltd CRISIL AAA 7.93
Reliance Industries Ltd CRISIL AAA 7.80
Power Grid Corporation of India Ltd CRISIL AAA 5.46
Indian Railway Finance Corporation Ltd CRISIL AAA 5.45
NTPC Ltd CRISIL AAA 5.44
Small Industries Development Bank of India CARE AAA 5.42
Small Industries Development Bank of India CARE AAA 5.42
REC Ltd CRISIL AAA 5.38
Bharat Petroleum Corporation Ltd CRISIL AAA 5.37
Dewan Housing Finance Corporation Ltd¤ BWR AAA 5.34
ICICI Bank Ltd [ICRA]AA+ 2.65
Piramal Enterprises Ltd [ICRA]AA 1.62
Dewan Housing Finance Corporation Ltd¤ BWR AAA 0.53
Treasury Bills 0.22
91 DAY T-BILL Sovereign 0.22
Cash & Cash Equivalents 8.41
Net Assets 100.00
¤ Rating has been revised to BWR AA+ w.e.f. February 03, 2019
Performance (As on 31/01/2019)
Period Principal Corporate Bond Fund
CRISIL Short Term Bond Fund Index
(Scheme’s Benchmark)
CRISIL 10 Year Gilt Index
(Additional Benchmark)Returns
(%)$PTP
ReturnsReturns
(%)$PTP
ReturnsReturns
(%)$PTP
Returns1 Year (31-01-2018 to 31-01-2019) 5.89 10589.17 7.10 10710.47 7.16 10715.553 Years (29-01-2016 to 31-01-2019) 5.96 11902.52 7.53 12440.67 6.58 12113.375 Years (31-01-2014 to 31-01-2019) 6.92 13975.42 8.30 14902.30 8.10 14764.07Since Inception (30-12-2003 to 31-01-2019) 7.72 30744.80 7.20 28576.66 5.39 22098.07Different 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. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.
28
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. 22 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.
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV Dividend (`/Unit)* Cum Dividend NAV
Monthly Dividend (Last 3 Months)16-Aug-18 5.6006 1064.4298 6.3884 1065.257017-Jul-18 7.3218 1066.1510 8.1643 1067.032915-Jun-18 6.0763 1064.9055 6.8383 1065.7069Past 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.
Rating Profile (As on January 31, 2019) (% of NAV)
40.63%
35.46%
17.10%
0.52%
6.29%
0.00% 10.00% 20.00% 30.00% 40.00% 50.00%
A1+
AAA
AA
Sovereign
Cash & Cash Equivalents
Composition By Assets (As on Jan 31, 2019) (% of NAV)
BONDS & NCD 52.56% Certificate of Deposits 23.97% Commercial Paper 16.66% Treasury Bills 0.52% Cash and Other Assets 6.29%
PortfolioData As on January 31, 2019
Name Rating % of NAV
BONDS & NCD 52.56
Indiabulls Housing Finance Ltd CRISIL AAA 18.67
Vedanta Ltd CRISIL AA 9.68
National Bank for Agriculture and Rural Development CRISIL AAA 9.34
Small Industries Development Bank of India CARE AAA 7.45
JM Financial Products Ltd CRISIL AA 7.42
Commercial Paper 16.66
Tata Power Company Ltd. CRISIL A1+ 7.47
NTPC Ltd. [ICRA]A1+ 7.44
Housing Development Finance Corporation Ltd. CRISIL A1+ 1.75
Certificate of Deposits 23.97
Axis Bank Ltd. CRISIL A1+ 9.28
IndusInd Bank Ltd. CRISIL A1+ 9.09
Vijaya Bank [ICRA]A1+ 5.60
Treasury Bills 0.52
91 DAY T-BILL Sovereign 0.52
Cash & Cash Equivalents 6.29
Net Assets 100.00
Performance (As on 31/01/2019)
Period Principal Ultra Short Term Fund
CRISIL Liquid Fund Index
(Scheme’s Benchmark)
CRISIL 1 Year T-Bill Index
(Additional Benchmark)Returns
(%)$PTP
ReturnsReturns
(%)$PTP
ReturnsReturns
(%)$PTP
Returns1 Year (31-01-2018 to 31-01-2019) 1.35 10134.97 7.68 10767.64 7.22 10722.123 Years (29-01-2016 to 31-01-2019) 5.10 11614.53 7.27 12351.15 6.73 12165.655 Years (31-01-2014 to 31-01-2019) 6.67 13811.13 7.81 14570.77 7.38 14282.15Since Inception (28-12-2007 to 31-01-2019) 6.27 19643.30 7.56 22464.74 6.51 20140.17Different 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. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. Please refer page 33 for annexure of returns for all scheme managed by the fund manager.
Fund Details
Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000 RWP- ` 500 6 installments each
Asset Under Managment (` Cr) MAAUM: 54.32
AUM: 54.03
Allotment Date & Benchmark Allotment Date
Regular Plan: December 28, 2007Direct Plan: January 1, 2013
Benchmark: CRISIL Liquid Fund Index
`
Load StructureEntry Load: NILExit Load: NIL
Plans Regular Plan & Direct Plan. Options Both the Plans offer Dividend & Growth Option. Dividend Frequency - Regular Plan: Daily & Weekly Dividend - Reinvestment Facility Monthly Dividend - Payout, Reinvestment and Sweep facility. Direct Plan: Monthly Dividend - Payout, Reinvestment and Sweep facility.
Month End Quants of the Debt Portfolio (As on January 31, 2019)Average Maturity: 101 DaysModified Duration: 93 DaysGross Yield to Maturity: 7.80%Macaulay Duration: 3.35 months
Note: # Total Expense Ratio includes GST on management fees.
Fund Manager DetailsName: Pankaj Jain
Managing Since: January 2012Total Experience: 16 years
Expense Ratio# (As on January 31, 2019)Direct Plan - 0.38%
Regular Plan - 1.15%`
For NAV details, please refer page 6
29
Principal Retirement Savings Fund - Progressive Plan(An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))
(Erstwhile Principal Asset Allocation Fund of Funds - Aggressive Plan)
Portfolio
Name % of NAVBanks 18.19ICICI Bank Ltd. 3.91HDFC Bank Ltd. 3.74State Bank of India 2.75Kotak Mahindra Bank Ltd. 2.33Axis Bank Ltd. 1.46City Union Bank Ltd. 1.00Karur Vysya Bank Ltd. 0.62The Federal Bank Ltd. 0.61Canara Bank 0.61Bank of Baroda 0.51Vijaya Bank 0.39Syndicate Bank 0.26Consumer Non Durables 8.53ITC Ltd. 2.41Dabur India Ltd. 1.52GlaxoSmithKline Consumer Healthcare Ltd. 1.38Marico Ltd. 1.30Britannia Industries Ltd. 1.16Bombay Burmah Trading Corporation Ltd. 0.76Software 5.57Tata Consultancy Services Ltd. 2.57Infosys Ltd. 2.30HCL Technologies Ltd. 0.70Petroleum Products 4.59Reliance Industries Ltd. 4.59Power 3.51Tata Power Company Ltd. 1.80NTPC Ltd. 1.06Kalpataru Power Transmission Ltd. 0.65Construction Project 3.50Larsen & Toubro Ltd. 2.63Hindustan Construction Company Ltd. 0.56KEC International Ltd. 0.31Pharmaceuticals 3.09Abbott India Ltd. 0.88Sun Pharmaceutical Industries Ltd. 0.80Aurobindo Pharma Ltd. 0.80Dishman Carbogen Amcis Ltd. 0.61Finance 2.79Housing Development Finance Corporation Ltd. 1.86
Shriram Transport Finance Company Ltd. 0.50
ICICI Prudential Life Insurance Company Ltd. 0.43Auto 2.57Maruti Suzuki India Ltd. 0.80Mahindra & Mahindra Ltd. 0.70Bajaj Auto Ltd. 0.56Hero MotoCorp Ltd. 0.51
Performance (As on 31/01/2019)
Period Principal Retirement Savings Fund -
Progressive Plan
Nifty 200 FullMarketcap Index
(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%) $PTP Returns Returns (%) $PTP
Returns Returns (%) $PTP Returns
1 Year (31-01-2018 to 31-01-2019) -5.06 9494.07 -3.95 9605.10 -0.37 9963.053 Years (29-01-2016 to 31-01-2019) 10.54 13519.94 14.06 14856.76 14.20 14909.67Since Inception (14-12-2015 to 31-01-2019) 9.25 13196.00 12.87 14613.49 13.19 14745.09Different 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 AnnualisedBasis (CAGR). $PTP (Point to Point) returns are based on standard investment of ` 10,000 made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Please refer page 33 for annexure of returns for all scheme managed by the fund manager. Above 3 years performance of Principal Retirement Savings Fund - Progressive Plan is not given as the scheme have not been in existence for 5 years.
Data As on January 31, 2019
Name % of NAVFertilisers 1.75Chambal Fertilisers and Chemicals Ltd. 1.75Cement 1.52The India Cements Ltd. 0.71Birla Corporation Ltd. 0.42JK Cement Ltd. 0.39Hotels, Resorts And Other Recreational Activities 1.43
The Indian Hotels Company Ltd. 1.43Auto Ancillaries 1.42Asahi India Glass Ltd. 0.86Rico Auto Industries Ltd. 0.56Industrial Products 1.37Ramkrishna Forgings Ltd. 0.77Jain Irrigation Systems Ltd. 0.60Telecom - Services 1.16Bharti Airtel Ltd. 1.16Ferrous Metals 1.13Kirloskar Ferrous Industries Ltd. 0.72Steel Authority of India Ltd. 0.41Consumer Durables 1.12Bajaj Electricals Ltd. 1.12Minerals/Mining 0.83Coal India Ltd. 0.83Non - Ferrous Metals 0.82Hindustan Zinc Ltd. 0.54National Aluminium Company Ltd. 0.28Textile Products 0.50Raymond Ltd. 0.50Construction 0.41Gayatri Projects Ltd. 0.41Chemicals 0.30Rain Industries Ltd. 0.30Diversified Consumer Services 0.25CL Educate Ltd. 0.25Total Equity 66.35Commercial Paper 12.08 L&T Housing Finance Ltd. [ICRA]A1+ 6.05 Bajaj Finance Ltd. CRISIL A1+ 6.03 Treasury Bills 0.60 91 DAY T-BILL Sovereign 0.60 Cash & Cash Equivalents 20.97 Net Assets 100.00
Fund Details
Minimum Investment Amount (`)@
Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000$
RWP- ` 500$
6 installments each
Asset Under Managment (` Cr) MAAUM: 1.66
AUM: 1.65
Allotment Date & Benchmark Allotment Date
Regular Sub-Plan & Direct Sub-Plan:December 14, 2015
Benchmark: Progressive Plan - Nifty 200 Full Market-cap Index
`Load StructureEntry Load: NILExit Load: Nil in case of RWP/ Redemption/ Switch out from Principal Retirement Savings Fund after completion of 5 years lock in period, or after attainment of retirement age of 60 years whichever is earlier. Nil in case of Auto transfer facility and switch option across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during lock – in period. (Note: Age will be computed with reference to years completed on the date of transaction)
Plans Regular Sub-Plan & Direct Sub-Plan.Options Both the Sub-Plans offer GrowthOption.
Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 6.50% risk free rate of return (1 days - MIBOR Rate As on January 31, 2019). # Investors may please note that they will be bearing the expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment. Total Expense Ratio includes GST on management fees.
Expense Ratio# (As on January 31, 2019)Direct Plan - 2.00%Regular Plan - 2.61%
`
For NAV details, please refer page 6
Fund Manager DetailsName: P.V.K. Mohan
Managing Since: June 2018Total Experience: 25 years
Sector Allocation of Equity Instruments (Top 10) (As on January 31, 2019) (% of NAV)
Banks 18.19% Consumer Non Durables 8.53% Software 5.57% Petroleum Products 4.59% Power 3.51% Construction Project 3.50% Pharmaceuticals 3.09% Finance 2.79% Auto 2.57% Fertilisers 1.75%
Top 10 Equity Holdings
$Available after the completion of lock-in period.@Auto transfer facility and switch option is available across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during the lock - in period.
Investment Objective: The investment objective of the scheme is to provide capital appreciation and income generation to enable investors save over the long term towards their retirement savings goals, by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities.However, there can be no assur-ance or guarantee that the investment objective of the Scheme will be achieved
Ratios & Other Details (As on January 31, 2019)Standard Deviation^ (Annualised): 11.34%Beta^ : 0.76Sharpe Ratio^ (Annualised) : 0.37
30
Principal Retirement Savings Fund - Conservative Plan(An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))
(Erstwhile Principal Asset Allocation Fund of Funds - Conservative Plan)
Portfolio
Name % of NAV
% to Net Assets
Deriva-tives
Finance 17.25 -16.22Multi Commodity Exchange of India Ltd. 6.97 -7.01Housing Development Finance Corporation Ltd. 5.23 -4.55Indiabulls Housing Finance Ltd. 4.70 -4.66Shriram Transport Finance Company Ltd. 0.19ICICI Prudential Life Insurance Company Ltd. 0.16
Banks 9.97 -4.08Axis Bank Ltd. 4.64 -4.08HDFC Bank Ltd. 1.31State Bank of India 1.10ICICI Bank Ltd. 1.05Kotak Mahindra Bank Ltd. 0.56City Union Bank Ltd. 0.30Canara Bank 0.23Karur Vysya Bank Ltd. 0.23The Federal Bank Ltd. 0.22Bank of Baroda 0.19Vijaya Bank 0.14Pharmaceuticals 8.26 -6.43Dr. Reddy's Laboratories Ltd. 6.41 -6.43Sun Pharmaceutical Industries Ltd. 0.80Aurobindo Pharma Ltd. 0.48Abbott India Ltd. 0.34Dishman Carbogen Amcis Ltd. 0.23Software 6.26 -4.18Wipro Ltd. 4.18 -4.18Tata Consultancy Services Ltd. 0.96Infosys Ltd. 0.85HCL Technologies Ltd. 0.27Auto 5.68 -4.71Maruti Suzuki India Ltd. 5.01 -4.71Mahindra & Mahindra Ltd. 0.27Hero MotoCorp Ltd. 0.20Bajaj Auto Ltd. 0.20Ferrous Metals 5.13 -4.79Tata Steel Ltd. 4.77 -4.79Kirloskar Ferrous Industries Ltd. 0.21Steel Authority of India Ltd. 0.15Consumer Non Durables 3.11ITC Ltd. 0.92Dabur India Ltd. 0.56GlaxoSmithKline Consumer Healthcare Ltd. 0.52
Britannia Industries Ltd. 0.45Marico Ltd. 0.38Bombay Burmah Trading Corporation Ltd. 0.28Media & Entertainment 2.50 -2.51Sun TV Network Ltd. 2.50 -2.51
Data As on January 31, 2019
Investment Objective: The investment objective of the scheme is to provide capital appreciation and income generation to enable investors save over the long term towards their retirement savings goals, by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities.However, there can be no assur-ance or guarantee that the investment objective of the Scheme will be achieved
Name % of NAV
% to Net Assets
Deriva-tives
Petroleum Products 1.64Reliance Industries Ltd. 1.64Construction Project 1.38Larsen & Toubro Ltd. 1.18KEC International Ltd. 0.11Hindustan Construction Company Ltd. 0.09Power 1.11Tata Power Company Ltd. 0.47NTPC Ltd. 0.40Kalpataru Power Transmission Ltd. 0.24Cement 0.57The India Cements Ltd. 0.26Birla Corporation Ltd. 0.16JK Cement Ltd. 0.15Fertilisers 0.56Chambal Fertilisers and Chemicals Ltd. 0.56Hotels, Resorts And Other Recreational Activities 0.53
The Indian Hotels Company Ltd. 0.53Minerals/Mining 0.53Coal India Ltd. 0.53Industrial Products 0.51Ramkrishna Forgings Ltd. 0.29Jain Irrigation Systems Ltd. 0.22Consumer Durables 0.41Bajaj Electricals Ltd. 0.41Auto Ancillaries 0.32Asahi India Glass Ltd. 0.32Non - Ferrous Metals 0.30Hindustan Zinc Ltd. 0.20National Aluminium Company Ltd. 0.10Textile Products 0.18Raymond Ltd. 0.18Telecom - Services 0.14Bharti Airtel Ltd. 0.14Total Equity 66.34 -42.92Commercial Paper 7.06 L&T Housing Finance Ltd. [ICRA]A1+ 7.06 Treasury Bills 0.94 91 DAY T-BILL Sovereign 0.94 Investment Funds/Mutual Funds 10.82 Principal Cash Management Fund -Growth Option Mutual Fund 10.82
Cash & Cash Equivalents 14.84 Net Assets 100.00
Fund Details
Minimum Investment Amount (`)@
Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000$
RWP- ` 500$
6 installments each
Asset Under Managment (` Cr) MAAUM: 2.13
AUM: 2.12 `
Plans Regular Sub-Plan & Direct Sub-Plan.Options Both the Sub-Plans offer GrowthOption.
Allotment Date & Benchmark Allotment Date
Regular Sub-Plan & Direct Sub-Plan:December 14, 2015
Benchmark: Conservative Plan - 30% Nifty 50 + 70% CRISIL Liquid Fund Index
Load StructureEntry Load: NILExit Load: Nil in case of RWP/ Redemption/ Switch out from Principal Retirement Savings Fund after completion of 5 years lock in period, or after attainment of retirement age of 60 years whichever is earlier. Nil in case of Auto transfer facility and switch option across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during lock – in period. (Note: Age will be computed with reference to years completed on the date of transaction)
Expense Ratio# (As on January 31, 2019)Direct Plan - 1.59%Regular Plan - 2.06%
`
For NAV details, please refer page 6
Fund Manager DetailsName: P.V.K. Mohan
Managing Since: June 2018Total Experience: 25 years
Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 6.50% risk free rate of return (1 days - MIBOR Rate As on January 31, 2019). # Investors may please note that they will be bearing the expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment. Total Expense Ratio includes GST on management fees.
Sector Allocation of Equity Instruments (Top 10) (As on January 31, 2019) (% of NAV)
Finance 17.25% Banks 9.97% Pharmaceuticals 8.26% Software 6.26% Auto 5.68% Ferrous Metals 5.13% Consumer Non Durables 3.11% Media & Entertainment 2.50% Petroleum Products 1.64% Construction Project 1.38%
Performance (As on 31/01/2019)
Period Principal Retirement Savings Fund -
Conservative Plan
30% Nifty 50 TRI + 70%CRISIL LiquidFund Index
(Scheme’s Benchmark)
CRISIL 10 YearGilt Index
(Additional Benchmark)
Returns (%) $PTP Returns Returns (%) $PTP
Returns Returns (%) $PTP Returns
1 Year (31-01-2018 to 31-01-2019) 0.77 10077.11 5.26 10526.26 7.16 10715.553 Years (29-01-2016 to 31-01-2019) 6.70 12155.71 9.35 13118.70 6.58 12113.37Since Inception (14-12-2015 to 31-01-2019) 6.46 12167.50 9.04 13145.04 6.71 12258.73Different 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. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Please refer page 33 for annexure of returns for all scheme managed by the fund manager.Above 3 years performance of Principal Retirement Savings Fund - Conservative Plan is not given as the scheme have not been in existence for 5 years.
Top 10 Equity Holdings
$Available after the completion of lock-in period.@Auto transfer facility and switch option is available across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during the lock - in period.
Ratios & Other Details (As on January 31, 2019)Standard Deviation^ (Annualised): 3.20%Beta^ : 0.62Sharpe Ratio^ (Annualised) : 0.02
31
Principal Retirement Savings Fund - Moderate Plan(An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier))
(Erstwhile Principal Asset Allocation Fund of Funds - Moderate Plan)
Portfolio
Name Industry % of NAV
% to Net Assets
Deriva-tives
Pharmaceuticals 11.47 -8.82Dr. Reddy's Laboratories Ltd. 8.79 -8.82
Abbott India Ltd. 0.73
Aurobindo Pharma Ltd. 0.71
Sun Pharmaceutical Industries Ltd. 0.70
Dishman Carbogen Amcis Ltd. 0.54
Banks 11.32HDFC Bank Ltd. 2.63ICICI Bank Ltd. 2.49State Bank of India 1.48
Axis Bank Ltd. 1.31
City Union Bank Ltd. 0.95
Kotak Mahindra Bank Ltd. 0.94
Karur Vysya Bank Ltd. 0.54
Canara Bank 0.53
Bank of Baroda 0.45
Auto 8.71 -6.46Maruti Suzuki India Ltd. 7.12 -6.46
Mahindra & Mahindra Ltd. 0.62
Bajaj Auto Ltd. 0.50
Hero MotoCorp Ltd. 0.47
Cement 7.99 -7.03Grasim Industries Ltd. 6.99 -7.03
The India Cements Ltd. 0.63
Birla Corporation Ltd. 0.37
Consumer Non Durables 6.55ITC Ltd. 1.90
Dabur India Ltd. 1.11
Britannia Industries Ltd. 1.07GlaxoSmithKline Consumer Healthcare Ltd. 1.04
Marico Ltd. 0.76
Bombay Burmah Trading Corporation Ltd. 0.67
Software 3.83Tata Consultancy Services Ltd. 1.82
Infosys Ltd. 1.40
HCL Technologies Ltd. 0.61
Power 2.58
Tata Power Company Ltd. 1.22
NTPC Ltd. 0.78
Kalpataru Power Transmission Ltd. 0.58
Data As on January 31, 2019
Investment Objective: The investment objective of the scheme is to provide capital appreciation and income generation to enable investors save over the long term towards their retirement savings goals, by investing in a mix of securities comprising of equity, equity related instruments and fixed income securities. However, there can be no assur-ance or guarantee that the investment objective of the Scheme will be achieved
Name Industry % of NAV
% to Net Assets
Deriva-tives
Construction Project 2.17Larsen & Toubro Ltd. 1.43
Hindustan Construction Company Ltd. 0.47
KEC International Ltd. 0.27
Petroleum Products 2.01Reliance Industries Ltd. 2.01
Finance 1.52Housing Development Finance Corporation Ltd. 1.14
ICICI Prudential Life Insurance Company Ltd. 0.38
Fertilisers 1.32
Chambal Fertilisers and Chemicals Ltd. 1.32Hotels, Resorts And Other Recreational Activities 1.26
The Indian Hotels Company Ltd. 1.26
Consumer Durables 0.99
Bajaj Electricals Ltd. 0.99
Auto Ancillaries 0.76
Asahi India Glass Ltd. 0.76
Minerals/Mining 0.74
Coal India Ltd. 0.74
Telecom - Services 0.69
Bharti Airtel Ltd. 0.69
Industrial Products 0.68
Ramkrishna Forgings Ltd. 0.68
Ferrous Metals 0.64
Kirloskar Ferrous Industries Ltd. 0.64
Textile Products 0.44
Raymond Ltd. 0.44
Total Equity 65.67 -22.31
Commercial Paper 6.46
L&T Housing Finance Ltd [ICRA]A1+ 6.46
Treasury Bills 1.29
91 DAY T-BILL Sovereign 1.29
Investment Funds/Mutual Funds 8.66 Principal Cash Management Fund -Growth Option
Mutual Fund 8.66
Cash & Cash Equivalents 17.92
Net Assets 100.00
Fund Details
Minimum Investment Amount (`)@
Lumpsum Special ProductsNew Investor- ` 5,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000$
RWP- ` 500$
6 installments each
Asset Under Managment (` Cr) MAAUM: 0.77
AUM: 0.77 `
Plans Regular Sub-Plan & Direct Sub-Plan.Options Both the Sub-Plans offer GrowthOption.
Allotment Date & Benchmark Allotment Date
Regular Sub-Plan & Direct Sub-Plan:December 14, 2015
Benchmark: Moderate Plan - CRISIL Hybrid 35 + 65 - Aggressive Index
Load StructureEntry Load: NILExit Load: Nil in case of RWP/ Redemption/ Switch out from Principal Retirement Savings Fund after completion of 5 years lock in period, or after attainment of retirement age of 60 years whichever is earlier. Nil in case of Auto transfer facility and switch option across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during lock – in period. (Note: Age will be computed with reference to years completed on the date of transaction)
Expense Ratio# (As on January 31, 2019)Direct Plan - 1.34 %Regular Plan - 1.92 %
`
For NAV details, please refer page 6
Fund Manager DetailsName: P.V.K. Mohan
Managing Since: June 2018Total Experience: 25 years
Note: ^ The above measures have been calculated by taking rolling returns for a 3 year period with 6.50% risk free rate of return (1 days - MIBOR Rate As on January 31, 2019). # Investors may please note that they will be bearing the expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment. Total Expense Ratio includes GST on management fees.
Sector Allocation of Equity Instruments (Top 10) (As on January 31, 2019) (% of NAV)
Pharmaceuticals 11.47% Banks 11.32% Auto 8.71% Cement 7.99% Consumer Non Durables 6.55% Software 3.83% Power 2.58% Construction Project 2.17% Petroleum Products 2.01% Finance 1.52%
Performance (As on 31/01/2019)
Period Principal Retirement Savings Fund - Moderate
Plan
CRISIL Hybrid 35 + 65 - Aggressive Index*
(Scheme’s Benchmark)
Nifty 50 TRI(Additional Benchmark)
Returns (%) $PTP Returns Returns (%) $PTP
Returns Returns (%) $PTP Returns
1 Year (31-01-2018 to 31-01-2019) -1.79 9821.19 0.19 10018.78 -0.37 9963.053 Years (29-01-2016 to 31-01-2019) 7.66 12484.93 12.17 14126.14 14.20 14909.67Since Inception (14-12-2015 to 31-01-2019) 7.07 12385.80 11.39 14022.44 13.19 14745.09Different 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. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Please refer page 33 for annexure of returns for all scheme managed by the fund manager.*The equity component of CRISIL Hybrid 35 + 65 - Aggressive Index is represented by total return variant of S&P BSE 200.Above 3 years performance of Principal Retirement Savings Fund - Moderate Plan is not given as the scheme have not been in existence for 5 years.
Top 10 Equity Holdings
$Available after the completion of lock-in period.@Auto transfer facility and switch option is available across the three plans namely Progressive Plan, Moderate Plan & Conservative Plan during the lock - in period.
Ratios & Other Details (As on January 31, 2019)Standard Deviation^ (Annualised): 6.09%Beta^ : 0.60Sharpe Ratio^ (Annualised) : 0.18
32
Principal Global Opportunities Fund(An open ended fund of fund scheme investing in Principal Global Investors Funds - Origin Global Smaller Companies Fund)
PortfolioData As on January 31, 2019
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.
Fund Details
Minimum Investment Amount (`)Lumpsum Special ProductsNew Investor- ` 10,000 SIP- ` 2,000Existing Investor- ` 1,000 STP- ` 1,000 RWP- ` 500 6 installments each
Asset Under Managment (` Cr) MAAUM: 14.93
AUM: 15.40
Allotment Date & Benchmark Allotment Date
Regular Plan: March 29, 2004Direct Plan: January 2, 2013
Benchmark: MSCI All Country World Small Cap Index
`
Load StructureEntry Load: NILExit Load: If redeemed on or before 1 Yearfrom the date of allotment - 1%.
Plans Regular Plan & Direct Plan.Dividend Frequencies Both the Plans offerGrowth & Dividend Option. Dividend Option under both the Plan offers facility of Payout, Reinvestment and Sweep.
Expense Ratio# (As on January 31, 2019)Direct Plan - 1.36%Regular Plan - 1.49%
`
For NAV details, please refer page 6
Fund Manager DetailsName: Rajat Jain
Managing Since: March 2004Total Experience: 29 years
Note: # Investors may please note that they will be bearing the expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment. Total Expense Ratio includes GST on management fees.
Name Industry % of NAVMutual Fund Units / Exchange Traded Funds 100.11 PGIF Origin Global Smaller Companies Fund - Usd I Class Accumulation Mutual Fund 100.11
Treasury Bills 0.06 91 DAY T-BILL Sovereign 0.06 Cash & Cash Equivalents -0.17Net Assets 100.00
Name % of NAV
PT Bukit Asam Tbk 1.06TCI Co. Ltd. 1.04Medpace Holdings, Inc. 1.04ASR Nederland NV 1.00Green Dot Corporation Class A 0.99Fox Factory Holding Corp. 0.99a2 Milk Company Ltd. 0.95Deckers Outdoor Corporation 0.94Amedisys, Inc. 0.93PRA Health Sciences, Inc. 0.93POSCO Chemtech Co., Ltd 0.90Toei Animation Co., Ltd. 0.90Paycom Software, Inc. 0.87Elecom Co., Ltd. 0.85China Resources Cement Holdings Limited 0.84NS Solutions Corporation 0.82JENOPTIK AG 0.81Beach Energy Limited 0.81Globaltrans Investment Plc Sponsored GDR RegS 0.81Diploma PLC 0.81Orbotech Ltd. 0.81Northern Star Resources Ltd 0.79Megacable Hldgs SAB de CV Cert Part Ord Cons of 2 A 0.78Entertainment One Ltd. 0.77St. Barbara Ltd. 0.75HEICO Corporation 0.74Bechtle AG 0.74China Communications Services Corp. Ltd. Class H 0.73Generac Holdings Inc. 0.73Ladder Capital Corp. Class A 0.73TIS Inc. 0.73HomeServe plc 0.72LHC Group, Inc. 0.72Bolsa Mexicana de Valores SAB de CV Class A 0.71Steadfast Group Limited 0.71Serba Dinamik Holdings Bhd 0.70Genworth MI Canada Inc. 0.70Forward Air Corporation 0.68Kyowa Exeo Corporation 0.68Aaron's, Inc. 0.67Gentherm Incorporated 0.67Porto Seguro S.A. 0.65Realtek Semiconductor Corp 0.65JD Sports Fashion Plc 0.64Tricon Capital Group Inc. 0.64Barco NV 0.63COMSYS Holdings Corporation 0.63SalMar ASA 0.63NagaCorp Ltd. 0.63DTS Corporation 0.62Leroy Seafood Group ASA 0.62ASGN Inc 0.62Mellanox Technologies, Ltd. 0.62Exxaro Resources Limited 0.61Trex Company, Inc. 0.61NMI Holdings, Inc. Class A 0.61MSA Safety, Inc. 0.61Houlihan Lokey, Inc. Class A 0.60TRANCOM Co., Ltd. 0.60Hub Group, Inc. Class A 0.60Mastercraft Boat Holdings, Inc. 0.59Keywords Studios plc 0.59Atkore International Group Inc. 0.59IG Group Holdings plc 0.59Sandfire Resources NL 0.58Novatek Microelectronics Corp. 0.58Austevoll Seafood ASA 0.58BRP, Inc. 0.57NV5 Global Inc 0.56Chailease Holding Co. Ltd. 0.56Lifco AB Class B 0.55PT Indo Tambangraya Megah Tbk 0.55OneMain Holdings, Inc. 0.54Computacenter Plc 0.54American Equity Investment Life Holding Company 0.54New Hope Corporation Limited 0.54Asbury Automotive Group, Inc. 0.54PageGroup PLC 0.53Kadant Inc. 0.53Chinasoft International Ltd. 0.53Ingevity Corporation 0.53Radian Group Inc. 0.53Molina Healthcare, Inc. 0.53Companhia de Locacao das Americas 0.52Xtep International Holdings Limited 0.52Reply S.p.A. 0.51Nine Entertainment Co. Holdings Limited 0.51Cal-Maine Foods, Inc. 0.51Tokyo Seimitsu Co., Ltd 0.51Choice Hotels International, Inc. 0.51Kaufman & Broad SA 0.51
Name % of NAV
Kyudenko Corporation 0.50Capcom Co., Ltd. 0.50Grand Canyon Education, Inc. 0.50Evercore Inc Class A 0.49F & F Co., Ltd. 0.49En-Japan Inc. 0.49GB Group PLC 0.49Kulicke & Soffa Industries, Inc. 0.49Landstar System, Inc. 0.49Haseko Corporation 0.49PGT Innovations, Inc. 0.49Balchem Corporation 0.49LGI Homes, Inc. 0.48Essent Group Ltd. 0.48Saracen Mineral Holdings Limited 0.48Alten SA 0.48Echo Global Logistics, Inc 0.47Padini Holdings Bhd. 0.47Yangzijiang Shipbuilding (Holdings) Ltd. 0.47Insight Enterprises, Inc. 0.46Meet Group Inc 0.46First Defiance Financial Corp. 0.46Kforce Inc. 0.46Best World International Limited 0.46Malibu Boats Inc Class A 0.46Tegma Gestao Logistica S.A. 0.45EMCOR Group, Inc. 0.45Orion Engineered Carbons SA 0.45Littelfuse, Inc. 0.45Takeuchi Mfg.Co., Ltd. 0.44PT Japfa Comfeed Indonesia Tbk Class A 0.44Mycronic AB 0.44Simplo Technology Co. Ltd. 0.44Sul America SA Ctf de Deposito de Acoes Cons of 1 Sh + 2 Pfd Shs 0.43Maeda Kosen Co., Ltd. 0.43Morgan Advanced Materials plc 0.42Radiant Opto-Electronics Corp. 0.42Colliers International Group Inc. 0.42Dorman Products, Inc. 0.42Swissquote Group Holding Ltd. 0.41Nanometrics Incorporated 0.41Control4 Corporation 0.41Fabrinet 0.41Zhen Ding Technology Holding Limited 0.41John Laing Group Plc 0.40Compania de Distribucion Integral Logista Holdings S.A. 0.40S&T AG 0.40Betsson AB Class B 0.40Tekfen Holding Anonim Sirketi 0.40METAWATER Co.Ltd. 0.40Digital Arts Inc. 0.40USANA Health Sciences, Inc. 0.40China Tian Lun Gas Holdings Limited 0.39Estacio Participacoes S.A. 0.39Bellway p.l.c. 0.39Redde plc 0.39New York Mortgage Trust, Inc. 0.38RWS Holdings plc 0.38Russel Metals Inc. 0.38Enanta Pharmaceuticals, Inc. 0.38MAXIMUS, Inc. 0.38Towa Pharmaceutical Co., Ltd. 0.37Addus HomeCare Corporation 0.37Chemed Corporation 0.37Marcus & Millichap, Inc. 0.37Sawai Pharmaceutical Co., Ltd. 0.37Appen Ltd. 0.37Mercer International Inc. 0.37Komax Holding AG 0.36Oshkosh Corp 0.36Feng Tay Enterprise Co., Ltd. 0.36MTY Food Group Inc. 0.36SMART Global Holdings, Inc. 0.36Pacific Textiles Holdings Limited 0.36Innospec Inc. 0.35Magellan Financial Group Ltd 0.35Stamps.com Inc. 0.35Future plc 0.34Giken Ltd. 0.34Sleep Number Corporation 0.34Comfort Systems USA, Inc. 0.34Equitable Group Inc. 0.33Westshore Terminals Investment Corporation 0.33Cardtronics plc Class A 0.32Health Insurance Innovations, Inc. Class A 0.30Learning Technologies Group Plc 0.29YA-MAN Ltd. 0.28ProPetro Holding Corp. 0.28Cash 1.65Total 100.00
Principal Global Investor Fund - Origin Global Smaller Companies Fund (Underlying Fund) as on December 31,2018
Regional Allocation of underlying fund (As on December 31, 2018) (% of NAV)
North America 41.82% Emerging Markets 17.66% Japan 11.37% Europe Ex Uk 11.10% United Kingdom 8.30% Asia Ex Japan 8.12% Cash 1.65%
Sector Allocation of underlying fund (As on December 31, 2018) (% of NAV)
Industrials 22.18% Information Technology 19.22% Consumer Discretionary 14.01% Financials 13.12% Materials 6.52% Health Care 6.01% Consumer Staples 5.91% Communication Services 5.00% Energy 4.56% Real Estate 1.43% Utilities 0.39% Cash 1.65%
Performance (As on 31/01/2019)
Period Principal Global Opportunities Fund
MSCI All Country World Small Cap Index - TRI
(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
^Returns (%)
$PTP Returns Returns (%) $PTP Returns Returns (%) $PTP Returns
1 Year (31-01-2018 to 31-01-2019) -12.57 8743.29 1.33 10132.85 -0.37 9963.05
3 Years (29-01-2016 to 31-01-2019) 12.72 14335.95 14.21 14912.51 14.20 14909.67
5 Years (31-01-2014 to 31-01-2019) 5.07 12806.65 9.08 15449.69 13.61 18930.26
Since Inception (29-03-2004 to 31-01-2019) 7.02 27410.20 12.27 55821.24 14.50 74725.06
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. Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable. ^ Growth OptionPlease refer page 33 for annexure of returns for all scheme managed by the fund manager.
33
Annexure for returns of all the schemes (as on 31st January 2019)
Scheme Name 1 YearCAGR (%)
3 YearsCAGR (%)
5 YearsCAGR (%)
Since Inception CAGR (%)
Date of Inception
FUNDS MANAGED BY MR. DHIMANT SHAH (TOTAL SCHEMES MANAGED : 3 SCHEMES)Principal Emerging Bluechip Fund -12.75 14.95 22.90 24.93
12-11-2008NIFTY Large Midcap 250 Index - TRI -8.23 14.41 17.94 18.00Principal Focused Multicap Fund -5.16 12.00 14.26 14.55
11-11-2005S&P BSE 250 Large Midcap - TRI -3.89 14.36 15.28 13.10Principal Dividend Yield Fund -7.69 16.30 16.39 12.01
15-10-2004Nifty Dividend Opportunities 50 - TRI -3.52 15.77 13.84 NA
FUNDS MANAGED BY MR. P.V.K. MOHAN (TOTAL SCHEMES MANAGED : 9 SCHEMES)Principal Multi Cap Growth Fund -11.39 15.22 17.56 15.31
25-10-2000Nifty 500 Index - TRI -5.95 13.80 15.15 15.60Principal Tax Savings Fund -12.01 14.86 17.36 16.01
31-03-1996Nifty 500 Index - TRI$ -5.95 13.80 15.15 13.38Principal Personal Tax Saver Fund -11.56 9.43 12.72 19.16
31-03-1996Nifty 500 Index - TRI$ -5.95 13.80 15.15 13.38Principal Balanced Advantage Fund (Equity Portion) 2.51 7.82 11.45 9.18
16-12-201050% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index 2.16 10.58 11.07 8.68
Principal Hybrid Equity Fund (Equity Portion) -3.35 15.67 15.84 11.1314-01-2000
CRISIL Hybrid 35+65 - Aggressive Index** 0.19 12.17 13.21 NAPrincipal Equity Savings Fund (Equity Portion) 0.55 7.38 7.36 7.80
23-05-200230% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 5.26 9.35 9.55 9.83Principal Retirement Savings Fund(Conservative Plan) 0.77 6.70 NA 6.46
14-12-201530% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 5.26 9.35 NA 9.04Principal Retirement Savings Fund(Progressive Plan) -5.06 10.54 NA 9.25
14-12-2015Nifty 200 Full Marketcap Index -3.95 14.06 NA 12.87Principal Retirement Savings Fund(Moderate Plan) -1.79 7.66 NA 7.07
14-12-2015CRISIL Hybrid 35+65 - Aggressive Index** 0.19 12.17 NA 11.39
FUNDS MANAGED BY MR. PANKAJ JAIN (TOTAL SCHEMES MANAGED : 4 SCHEMES)Principal Cash Management Fund -1.79 4.10 5.91 6.90
30-08-2004CRISIL Liquid Fund Index 7.68 7.27 7.81 7.16Principal Low Duration Fund 6.39 7.39 7.75 7.69
14-09-2004CRISIL Low Duration Debt Index 8.11 7.93 8.48 7.51Principal Ultra Short Term Fund 1.35 5.10 6.67 6.27
28-12-2007CRISIL Liquid Fund Index 7.68 7.27 7.81 7.56Principal Equity Savings Fund (Debt Portion) 0.55 7.38 7.36 7.80
23-05-200230% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 5.26 9.35 9.55 9.83
FUNDS MANAGED BY MR. GURVINDER SINGH WASAN (TOTAL SCHEME MANAGED : 3 SCHEMES)Principal Short Term Debt Fund 6.32 7.07 7.86 7.66
09-05-2003CRISIL Short Term Bond Fund Index 7.10 7.53 8.30 7.15Principal Credit Risk Fund 6.50 7.39 8.21 7.58
14-09-2004NIFTY Credit Risk Bond Index 6.95 8.26 9.27 8.73Principal Corporate Bond Fund 5.89 5.96 6.92 7.72
30-12-2003CRISIL Short Term Bond Fund Index 7.10 7.53 8.30 7.20
FUNDS MANAGED BY MR. RAJAT JAIN (TOTAL SCHEMES MANAGED : 3 SCHEMES)Principal Nifty 100 Equal Weight Fund -12.04 8.78 9.86 10.24
27-07-1999Nifty 100 Equal Weight - TRI -13.06 11.32 14.27 NAPrincipal Arbitrage Fund -0.98 NA NA 3.12
21-04-2016Nifty 50 Arbitrage Index 4.85 NA NA 5.04Principal Global Opportunities Fund -12.57 12.72 5.07 7.02
29-03-2004MSCI All Country World Small Cap Index 1.33 14.21 9.08 12.27
FUNDS MANAGED BY MS. BEKxY KURIAKOSE (TOTAL SCHEMES MANAGED : 3 SCHEMES)Principal Hybrid Equity Fund (Debt Portion) -3.35 15.67 15.84 11.13
14-01-2000CRISIL Hybrid 35+65 - Aggressive Index** 0.19 12.17 13.21 NAPrincipal Dynamic Bond Fund 5.65 7.09 8.22 7.39
09-05-2003CRISIL Composite Bond Fund Index 6.42 7.67 9.10 6.62Principal Balanced Advantage Fund (Debt Portion) 2.51 7.82 11.45 9.18
16-12-201050% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index 2.16 10.58 11.07 8.68
FUNDS MANAGED BY MR. SIDDARTH MOHTA (TOTAL SCHEMES MANAGED : 1 SCHEME)Principal Multi Cap Growth Fund -11.39 15.22 17.56 15.31
25-10-2000Nifty 500 Index - TRI -5.95 13.80 15.15 15.60Principal Arbitrage Fund was launched on 21st Apr 2016 and is yet to complete 3 years & 5 years of performance.Principal Retirement Savings Fund (Conservative Plan, Progressive Plan & Moderate Plan) was launched on 14th Dec 2015 and is yet to complete 5 years of performance. Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Past performance may or may not be sustained in future. Returns (in %) are calculated on Compounded Annualised Basis (CAGR). Performance of the dividend option for the investors would be net of dividend distribution tax, as applicable.Mr. Dhimant Shah manages Principal Emerging Bluechip Fund (w.e.f. June 2011), Principal Focused Multicap Fund (w.e.f. July 2017) and Principal Dividend Yield Fund (w.e.f. December 2011)Mr. P.V.K. Mohan & Mr. Siddarth Mohta manages Principal Multi Cap Growth Fund (w.e.f. September 2010 & Aug 2018 respectively), Principal Tax Savings Fund (w.e.f. September 2010), Principal Personal Tax Saver Fund (w.e.f. July 2017), Principal Balanced Advantage Fund - Equity Portion (w.e.f. July 2017), Principal Hybrid Equity Fund - Equity Portion (w.e.f. May 2010), Principal Equity Savings Fund - Equity Portion (w.e.f. June 2016) and Principal Retirement Savings Fund (Conservative Plan-Progressive Plan-Moderate Plan) (w.e.f. June 2018)Mr. Pankaj Jain manages Principal Cash Management Fund (w.e.f. January 2012), Principal Low Duration Fund (w.e.f. January 2012), Principal Ultra Short Term Fund (w.e.f. January 2012) and Principal Equity Savings Fund - Debt Portion (w.e.f. January 01, 2018)Mr. Gurvinder Singh Wasan manages Principal Short Term Debt Fund (w.e.f. April 2011), Principal Credit Risk Fund and Principal Corporate Bond Fund (w.e.f. January 01, 2018)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 Dynamic Bond Fund (w.e.f. January 2013), and 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.
34
Official Point of Acceptance (OPA) / Investor Service Centres (ISC)
Principal Asset Management Private Limited (Formerly known as Principal Pnb Asset Management Company Private Limited) - OPA & ISC:
• 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.
Principal Asset Management Private Limited (Formerly known as Principal Pnb Asset Management Company Private Limited) - ISC:
• 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.
Name, Address and Website of Registrar:
Karvy Fintech Pvt. Ltd. (Unit: Principal Mutual Fund),
Karvy Selenium Tower B, Plot number 31 & 32, Financial District, Nanakramguda, Serilingampally Mandal | Hyderabad – 500032. Telangana, India • www.karvycomputershare.com
For any enquiries and / or queries, investors are advised to address a suitable communication to AMC at:
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.