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1Mutual Fund Investments are subject to market risk, read all
scheme related documents carefully.
Principal Equity Savings Fund (An open ended scheme investing in
equity, arbitrage and debt)This Product Is Suitable For Investors
Who Are Seeking~-• 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.
Investors understand that their principal will be at moderately
high risk
Website
FUNDS INSIGHTAugust, 2020
Mutual Fund
Some things grow valuable with time. Investments in equity is
one of them.
Invest in
An open-ended scheme investing in equity,arbitrage and debt
EquitySavings Fund
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Principal Midcap Fund(An open ended equity scheme predominantly
investing in mid cap stocks)
Investment Objective: To generate long term capital appreciation
by predominantly investing in equity and equity related instruments
of midcap companies. However, there is no assurance or guarantee
that the investment objective of the Scheme will be achieved.
Fund Details Portfolio
Note: # Weighted Average TER for the month, includes GST on
management fees. Portfolio Turnover Ratio not given as the scheme
has not completed one year.Other ratios are not given as scheme has
not completed 3 years.
Data As on July 31, 2020
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNew
Investor- ` 5,000 SIP- ` 500£Existing Investor- ` 1,000 STP- `
1000§ RWP- ` 500§£12 installments each §6 installments each
Asset Under Managment (` Cr) MAAUM: 242.12
AUM: 245.71
Allotment Date & Benchmark Allotment Date
Regular Plan: Dec 30, 2019 Direct Plan: Dec 30, 2019
Benchmark: NIFTY Midcap 100 Index - TRI
`Load StructureEntry Load: NILExit Load: If redeemed/ switched
on or before 365 days 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. (w.e.f. March 31, 2020)
Plans Regular Plan & Direct Plan. Options Both the Plans
offer Growth & Dividend Option. The Dividend Option under both
the Plans will have the facility of Payout, Reinvestment and
Sweep.
Fund Manager DetailsName: Ravi Gopalakrishnan &
Mr. Sudhir KediaManaging Since: Dec 2019 & Dec 2019
Total Experience: 29 years & 14 years
Expense Ratio# (As on July 31, 2020)Direct Plan - 0.40 %Regular
Plan - 2.41 %
`
Industry Allocation (Top 10) (As on July 31, 2020) (% of
NAV)
Pharmaceuticals 9.28% Finance 9.23% Auto Ancillaries 7.68%
Industrial Products 7.45% Consumer Non Durables 6.53% Consumer
Durables 5.99% Banks 5.28%
Pesticides 5.13%
Cement 4.71% Chemicals 4.57%
Market Cap Allocation (As on July 31, 2020) (% of NAV)
Note: Performance of Principal Midcap Fund is not given as the
scheme has not completed 1 year.
Name % of NAV
Finance 8.80Max Financial Services Ltd. 2.71Can Fin Homes Ltd.
1.71Muthoot Finance Ltd. 1.40Bajaj Finserv Ltd. 1.12HDFC Asset
Management Company Ltd. 0.93Mahindra & Mahindra Financial
Services Ltd.£ 0.93Pharmaceuticals 8.71IPCA Laboratories Ltd.
2.26Natco Pharma Ltd. 2.18Abbott India Ltd. 1.84Alkem Laboratories
Ltd. 1.33Divi'sLaboratoriesLtd. 1.10Auto Ancillaries 7.68WABCO
India Ltd. 3.53Balkrishna Industries Ltd. 1.75Exide Industries Ltd.
1.31MRF Ltd. 1.09Consumer Non Durables 6.53Tata Consumer Products
Ltd. 2.47Jubilant Foodworks Ltd. 2.37United Spirits Ltd. 0.92Varun
Beverages Ltd. 0.77Industrial Products 6.12AIA Engineering Ltd.
2.42Astral Poly Technik Ltd. 1.37SKF India Ltd. 1.36SRF Ltd.
0.97Consumer Durables 5.75Whirlpool of India Ltd. 2.11Voltas Ltd.
1.58Relaxo Footwears Ltd. 1.09VIP Industries Ltd. 0.97Pesticides
5.13Bayer Cropscience Ltd. 2.82PI Industries Ltd. 2.31Banks
4.67Kotak Mahindra Bank Ltd. 1.02HDFC Bank Ltd. 0.97The Federal
Bank Ltd. 0.94ICICI Bank Ltd. 0.91City Union Bank Ltd.
0.83Chemicals 4.57Atul Ltd. 2.31Rossari Biotech Ltd. 1.43Aarti
Industries Ltd. 0.83
Name % of NAV
Cement 4.06The Ramco Cements Ltd. 1.55ACC Ltd. 1.53JK Cement
Ltd. 0.98Software 3.31MindTree Ltd. 2.16Mphasis Ltd. 1.15Auto
3.00TVS Motor Company Ltd. 1.18Maruti Suzuki India Ltd. 1.00Escorts
Ltd. 0.82Power 2.69Torrent Power Ltd. 2.69Textile Products 2.45Page
Industries Ltd. 2.45Petroleum Products 2.22Castrol India Ltd.
1.23Reliance Industries Ltd.# 0.99Fertilisers 2.20Coromandel
International Ltd. 2.20Telecom - Services 1.89Bharti Airtel Ltd.
1.89Construction 1.76Kajaria Ceramics Ltd. 1.76Industrial Capital
Goods 1.70Honeywell Automation India Ltd. 1.70Ferrous Metals
1.41Tata Steel BSL Ltd. 1.41Construction Project 1.26Larsen &
Toubro Ltd. 1.26Retailing 1.11Trent Ltd. 1.11Gas 1.06Gujarat State
Petronet Ltd. 1.06Non - Ferrous Metals 0.79National Aluminium
Company Ltd. 0.79Other Equities* 7.39 Total 96.26
DERIVATIVESNational Stock Exchange of India Ltd. 0.18 Treasury
Bills 0.08 91 DAY T-BILL Sovereign 0.08 TREPS / Reverse Repo
Investments 1.17 TREPS 1.17 Cash & Cash Equivalents 2.49 Net
Assets 100.00
Top 10 Equity Holdings * Holding less than 0.75%# Partly Paid
Right £ Rights Entitalment
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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
Systematic Investment Plan (SIP) Returns 8
Equity Funds
Principal Emerging Bluechip Fund 10
Principal Multi Cap Growth Fund 11
Principal Focused Multicap Fund 12
Principal Small Cap Fund 13
Principal Midcap Fund 14
Principal Dividend Yield Fund 15
Principal Tax Savings Fund 16
Principal Personal Tax Saver Fund 17
Principal Nifty 100 Equal Weight Fund 18
Hybrid Funds
Principal Hybrid Equity Fund 19
Principal Balanced Advantage Fund 20
Principal Equity Savings Fund 21
Principal Arbitrage Fund 22
Fixed Income FundsPrincipal Cash Management Fund 23
Principal Ultra Short Term Fund 24
Principal Low Duration Fund 25
Principal Short Term Debt Fund 26
Principal Credit Risk Fund 27
Principal Dynamic Bond Fund 28
Solution Oriented Funds
Principal Retirement Savings Fund (Progressive Plan) 29
Principal Retirement Savings Fund (Moderate Plan) 30
Principal Retirement Savings Fund (Conservative 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: July 2020
The Indian equity markets outperformed emerging markets as a
category during the month of July. MSCI India (USD) was up 10%
during the month against the MSCI EM (USD) index which was up 8.4%.
Among Indian indices, the Nifty (+ 7.5%) outperformed both the
Midcap and Smallcap indices. It also outperformed the NSE 100 equal
weight index as the performance of the markets was polarized during
the month. Although 37 of the 50 stocks in the Nifty were up during
the month, Reliance and Infosys delivered nearly 61% of the
movement in the Nifty. Among sectoral indices, the IT, Healthcare
and Auto indices did well while Consumer staples, Industrials and
Financials underperformed. Banks and NBFCs generally indicated that
the proportion of loans under moratorium had declined. However,
comparison across banks / NBFCs remains difficult given that
different institutions used somewhat different methods to compute
the data. Many private sector banks / NBFCs / HFCs have also raised
capital in the last 2-3 months. This is expected to strengthen
their balance sheets and enable them to grow when demand for credit
picks up. The trend of select institutions gaining market share in
the financials space is likely to continue.
In terms of flows, offshore flows into EM equity during the
month were about USD 1.4 BN (JP Morgan data). FPI inflows into
Indian equity during the month were positive at Rs. 7,563 crores,
while Mutual Funds were net sellers of Rs. 9,195 crores.
In macroeconomic events, the Current account deficit was
positive for Q4, FY 20 at 0.1% of GDP, the first time in thirteen
years. More unusually, India had a surplus on merchandise trade in
the month of June (data reported in July). Merchandise imports for
the month were down 48% YoY, while exports were down only 12% YoY.
While this is likely to be temporary and will certainly reverse in
H2, FY 21, this, combined with flows on invisibles and FDI and FPI
flows has created surplus of Dollars in the economy. The RBI has
bought USD to prevent appreciation of the Rupee (the size of forex
reserves has grown from USD 476 BN in March’ 20 to USD 535 BN at
end of July). Accordingly, money supply (M3) is now growing at
12.5% +, a six year high. This probably is also one of the
contributing factors behind the rally in asset prices. On the
fiscal side, receipts for the central government were at 7% of full
year estimates while expenditure was along previous year trends, at
27% of full year budget. Accordingly, the fiscal deficit for Q1 is
at 54% of the revised target for FY 21 (i.e. after adding the extra
borrowings for the central government). The MNREGA spend is
budgeted to go to Rs. 107,000 crores from Rs. 61,500 crores.
Accordingly, the full year budget deficit for the centre is likely
to be upwards of 7% of GDP.
In results for Nifty 50 companies for Q1, FY 21 declared so far
(31 companies had declared till end of July), while aggregate sales
were down 28%, the EBITDA was down 1%. Companies tightly controlled
costs by cutting advertising spends, travel and sales spends and in
some cases, by cuts in employee spends. Also, for cement companies,
low fuel and input commodity costs also supported margins. The
economy is opening up, though data for July is virtually flat
versus June numbers. This could be the result of Coronavirus
spreading to Tier -III and Tier – IV towns and localised
lockdowns.
Outlook
The rally in risk assets including equity markets has been
global, with substantial participation by retail investors. The
rally began as valuations had become quite cheap, and it was driven
by easy liquidity and central bank actions. However, the economic
recovery is gradual and economic uncertainties still remain. Given
the sharp recovery in stock prices, is possible that the markets
remain volatile and directionless next couple of months. However,
if there is a sharp correction it would be a good entry point for
investors from a medium term perspective.
Data Item Growth
1 Month 1 yearMSCI EM Index (USD) 8.42 4.04MSCI EM Index Local
7.61 8.08MSCI World Index (USD) 4.69 5.37Nifty 100 Equal Weight
Index 4.73 0.13Indian Rupee 0.92 -8.74Dollar Index (DXY) -4.15
-5.24Crude Oil- Brent 5.22 -33.56CRB Index 4.89 -6.31Gold 10.94
39.76Copper 6.62 8.20Iron Ore 11.47 -6.66Cotton (Cotlook A Index)
0.88 -8.60JP Morgan EM FX Index 2.41 -10.87Data as on 31st July
2020. Source: Bloomberg, NSDL and Sebi websites
Indicators June-20 July-20FII net flows (Rs. Crs) 21,832
7,563Mutual Fund net flows (Rs. Crs) -612 -9,195Exports (USD
Billion) 19.05 21.91Imports (USD Billion) 22.20 21.11CPI @ 6.09IIP
@ @Data as on 31st July 2020. Souce: Bloomberg, NSDL and
Sebiwebsites@Data not available
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Fixed Income Market Update: July 2020• The month was
characterized by mixed movement in money market yields and gilt
yields and sharp
compression in AAA corporate bond spreads. Ample banking system
liquidity, flows into debt mutual funds, flight to safety, fall in
US treasury yields and stable external environment were the key
reasons.
•
India'sfiscaldeficitforthefirstthreemonthsofthefiscalyear2020-21hascomeinataround6.62lakhcrore,as
per the report released by the Centre. This means that within the
first three months of FY21, the fiscal deficit numbers have hit
nearly 83 percent of the total budgeted target for the current
fiscal.
•
Yetanothernewtenyrgiltbenchmarkwasissuedduringthemonth.Itclosedat5.77%,sameasthecouponat
which it was issued. The not so new gilt benchmark closed at 5.83%,
5 bps lower than previous month. The 5 yr gilt benchmark fell
sharply to close at 4.98%, 30 bps lower than previous month.
•
Corporatebondsyieldsfellduringthemonth.The5yrAAAbenchmarkandthe10yrAAAbenchmarkendedthe
month at 5.67% and 6.53% respectively compared to 6.16% and 7.05%
in the previous month.
•
1yearCDratesclosedat3.75%comparedto4.05%inthepreviousmonth.3monthCDratesontheotherhand
rose somewhat to close at 3.33%, compared to 3.25% in previous
month.
•
BrentCrudeoilpricesfurtherroseduringthemonthonsignsofupturnineconomicactivityfromUSD40.89per
barrel to USD 42.81 per barrel. INR appreciated to 74.81 during the
month on the back of trade surplus reported for the month of June
at USD 0.80 bn for the first time in 18 years. For the month of
July, FPIs were net sellers in the debt market to the tune of Rs
2202 cr. 10 yr US treasury yields fell to 0.53% as compared to
0.66% at end of June.
•
CPIinflationwasreleasedafteragapof3monthsduringthemonth.ReportedfiguresforApril,MayandJunewere
7.22%, 6.27% and 6.09% respectively. The increase has been mainly
due to food and vegetable items, fuel and gold prices.
•
MayIndustrialproduction(IIP)growthcameat-34.7%ascomparedto-57.6%forpreviousmonthreflectingsome
resumption of economic activity as lockdown measures started
easing.
•
BankingSystemLiquidityremainsample.ForthemonthofJulythemonthlyaveragesurpluswasRs3.60
lakh cr.
Outlook:
•
WeexpectBankingSystemliquiditymayremaincomfortableintherangeofRs2.5to3.5lakhcroresforthe
month of August. Short term CD and CP rates and overnight rates may
remain stable and low as was prevalent in July.
•
Whilefiscalworriesremainonanticipatedstimulusmeasuresandslowdownintaxrevenues,RBImeasuresmay
act as a counterbalancing force and keep gilt prices at short to
medium end supported. We expect that in the RBI MPC Review
scheduled for August 6th, RBI may reduce key rates or only the
reverse repo rate by 25 bps and/or may undertake other measures to
keep rates stable and ensure monetary transmission.
•
Thecreditenvironmentisexpectedtoremainfragileonuncertaintyofrevenuesandcashflowsduetotheunprecedented
nationwide lockdown.
Index 1 Month(%)3 Months
(%)6 Months
(%)1 Year
(%)
Broad Indices
Nifty 50 11073 7.49 12.31 -7.43 -0.40
S&P BSE Sensex 37607 7.71 11.53 -7.65 0.34
S&P BSE 100 11159 7.19 12.14 -7.65 -0.46
S&P BSE 200 4653 6.81 12.38 -7.70 0.39
S&P BSE 500 14346 6.76 12.78 -8.33 0.15
S&P BSE MID CAP 13759 5.39 14.53 -11.01 0.85
S&P BSE SMALL CAP 13022 5.18 17.29 -11.22 2.60
Performance As on July 31, 2020*
Index 1 Month(%)3 Months
(%)6 Months
(%)1 Year
(%)
Sectoral Indices
S&P BSE AUTO 16490 7.95 23.52 -9.20 6.58
S&P BSE Bankex 24599 1.26 -0.51 -30.29 -24.75
S&P BSE CD 21479 5.61 4.65 -17.85 -3.86
S&P BSE CG 12735 -0.96 4.50 -27.07 -27.46
S&P BSE FMCG 11445 1.66 6.26 -1.68 3.46
S&P BSE HC 18285 12.43 19.26 31.01 43.92
S&P BSE METAL 7826 8.54 16.01 -17.57 -19.20
S&P BSE Oil & Gas 13174 4.00 9.18 -5.38 -0.47
S&P BSE PSU 4919 0.75 2.80 -25.10 -29.41
S&P BSE Teck 8840 16.79 23.60 11.73 15.00
*Performance for less than one year are absolute returns. Source
- MFI Explorer
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How to Read Factsheet
Fund Manager - An employee of the asset management company such
as a mutual fund or life insurer, who manages investments of the
scheme. He is usually part of a larger team of fund managers and
research analysts.
Application Amount For Fresh Subscription - This is the minimum
investment amount for a new investor in a mutual fund scheme.
Minimum Additional Amount - This is the minimum investment
amount for an existing investor in a mutual fund scheme.
Yield To Maturity - The Yield to Maturity or the YTM is the rate
of return anticipated on a bond if held until maturity. YTM is
expressed as an annual rate. The YTM factors in the bond’s current
market price, par value, coupon interest rate and time to
maturity.
SIP - SIP or systematic investment plan works on the principle
of making periodic investments of a fixed sum. It works similar to
a recurring bank deposit. For instance, an investor may opt for an
SlP that invests ` 500 every 15th of the month in an equity fund
for a period of three years.
NAV - The NAV or the net asset value is the total asset value
per unit of the mutual fund after deducting all related and
permissible expenses. The NAV is calculated at the end of every
business day. It is the value at which the investor enters or exits
the mutual fund.
Benchmark - A group of securities, usually a market index, whose
performance is used as a standard or benchmark to measure
investment performance of mutual funds, among other investments.
Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500,
10-Year G-sec.
Entry Load - A mutual fund may have a sales charge or load at
the time of entry and/or exit to compensate the distributor/agent.
Entry load is charged at the time an investor purchases the units
of a mutual fund. The entry load is added to the prevailing NAV at
the time of investment. For instance, if the NAV is ` 100 and the
entry load is 1%, the investor will enter the fund at ` 101.Note:
SEBI, vide circular dated June 30, 2009 has abolished entry load
and mandated that the upfront commission to distributors will be
paid by the investor directly to the distributor, based on his
assessment of various factors including the service rendered by the
distributor.
Exit Load - Exit load is charged at the time an investor redeems
the units of a mutual fund. The exit load is deducted from the
prevailing NAV at the time of redemption. For instance, if the NAV
is ` 100 and the exit load is 1%, the redemption price would be `
99 per unit.
Modified Duration - Modified duration is the price sensitivity
and the percentage change in price for a unit change in yield.
Standard Deviation - Standard deviation is a statistical measure
of the range of an investment’s performance. When a mutual fund has
a high standard deviation, its means its range of performance is
wide, implying greater volatility.
Sharpe Ratio - The Sharpe Ratio, named after its founder, the
Nobel Laureate William Sharpe, is a measure of risk-adjusted
returns. It is calculated using standard deviation and excess
return to determine reward per unit of risk.
Beta - Beta is a measure of an investment’s volatility vis-a-vis
the market. Beta of less than 1 means that the security will be
less volatile than the market. A beta of greater than 1 implies
that the security’s price will be more volatile than the
market.
AUM - AUM or assets under management refers to the recent /
updated cumulative market value of investments managed by a mutual
fund or any investment firm.
Holdings - The holdings or the portfolio is a mutual fund’s
latest or updated reported statement of investments/securities.
These are usually displayed in terms of percentage to net assets or
the rupee value or both. The objective is to give investors an idea
of where their money is being invested by the fund manager.
Nature Of Scheme - The investment objective and underlying
investments determine the nature of the mutual fund scheme. For
instance, a mutual fund that aims at generating capital
appreciation by investing in stock markets is an equity fund or
growth fund. Likewise, a mutual fund that aims at capital
preservation by investing in debt markets is a debt fund or income
fund. Each of these categories may have sub-categories.
Rating Profile - Mutual funds invest in securities after
evaluating their creditworthiness as disclosed by the ratings. A
depiction of the mutual fund in various investments based on their
ratings becomes the rating profile of the fund. Typically, this is
a feature of debt funds.
MAAUM - Monthly Average Asset Under Management
++ ICRA has assigned credit risk rating of [ICRA]A1+mfs to
Principal Cash Management Fund. Rating methodology used by ICRA is
based on evaluating the inherent credit quality of the mutual funds
portfolio. As a measure of the credit quality of a debt fund’s
assets, ICRA uses the concept of “credit scores”, based on ICRA’s
assessment of credit risk associated with each exposure of the
portfolio taking into account its maturity. To quantify the credit
risk scores, ICRA uses its database of historical default rates for
various rating categories for various maturity buckets. The credit
risk ratings incorporate ICRA’s assessment of a debt fund’s
published investment objectives and policies, its management
characteristics, and the creditworthiness of its investment
portfolio. ICRA reviews relevant fund information on an ongoing
basis to support its published rating opinions. If the portfolio
credit score meets the benchmark of the assigned rating during the
review, the rating is retained. In an event that the benchmark
credit score is breached, ICRA gives a month’s time to the debt
fund manager to bring the portfolio credit score within the
benchmark credit score. If the debt fund manager is able to reduce
the portfolio credit score within the benchmark credit score, the
rating is retained. If the portfolio still continues to breach the
benchmark credit score, the rating is revised to reflect the change
in credit quality. The ratings should, however, not be construed as
an indication of the prospective performance of the Mutual fund
scheme or of volatility in its returns. ICRA ratings should not be
treated as recommendation to buy, sell or hold the rated debt
instruments. ICRA ratings are subject to a process of surveillance
which may lead to a revision in ratings. Source: ICRA Ltd.
DISCLAIMER:Mutual Fund investments are subject to market risks,
read all scheme related documents carefully.This factsheet is for
informative purpose only and under no circumstances is to be used
or considered as an investment advice. Terms of issue / load
structure/ Scheme specific risk factors are set forth in the Scheme
Information Document(SID). Copy of the same is available at all our
Investor Service Centres. Alternatively, Investor can download the
SID from our website - www.principalindia.com or can call us at
1800 425 5600 to get a copy of the same.
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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 Small Cap Fund(An open ended equity scheme
predominantly investing in small cap stocks)
Long term Capital Growth. •Predominantly investment in equity
and equity related instruments of small cap •companies
Principal Midcap Fund(An open ended equity scheme predominantly
investing in mid cap stocks)
Long term Capital Growth. •Investment in equity and equity
related instruments of midcap 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 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.
~ Investors should consult their financial advisers if in doubt
about whether the product is suitable for them.
Product Suitability
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Equity Funds
Principal Emerging Bluechip Fund (`) Principal Multi Cap Growth
Fund (`) Principal Tax Savings Fund (`)Regular Plan - Growth 102.19
Regular Plan - Growth 132.34 Regular Plan - Growth 194.80Regular
Plan - Half Yearly Dividend Option 39.46 Regular Plan - Half Yearly
Dividend Option 32.72 Regular Plan - Half Yearly Dividend Option
194.80Direct Plan - Growth 109.86 Direct Plan - Growth 140.07
Direct Plan - Growth 202.62Direct Plan - Half Yearly Dividend
Option 83.65 Direct Plan - Half Yearly Dividend Option 41.95 Direct
Plan - Half Yearly Dividend Option 202.62
Principal Nifty 100 Equal Weight Fund (`) Principal Focused
Multicap Fund (`) Principal Dividend Yield Fund (`)Regular Plan -
Growth 66.0695 Regular Plan - Growth 65.73 Regular Plan - Growth
53.16Regular Plan - Dividend 38.8303 Regular Plan - Half Yearly
Dividend Option 24.73 Regular Plan - Half Yearly Dividend Option
22.38Direct Plan - Growth 68.1792 Direct Plan - Growth 69.24 Direct
Plan - Growth 55.33Direct Plan - Dividend 40.0678 Direct Plan -
Half Yearly Dividend Option 25.57 Direct Plan - Half Yearly
Dividend Option 30.68
Principal Small Cap Fund (`) Principal Midcap Fund (`) Principal
Personal Tax Saver Fund (`)Regular Plan - Growth 10.5500 Regular
Plan - Growth 9.5400 Regular Plan - Growth 181.31Regular Plan -
Dividend 10.5500 Regular Plan - Dividend 9.5400 Direct Plan -
Growth 188.82Direct Plan - Growth 10.7900 Direct Plan - Growth
9.6500Direct Plan - Dividend 10.7900 Direct Plan - Dividend
9.6500
Hybrid Funds
Principal Hybrid Equity Fund (`) Principal Balanced Advantage
Fund (`) Principal Equity Savings Fund (`)Regular Plan - Growth
74.52 Regular Plan - Growth 21.27 Regular Plan - Growth
37.8682Regular Plan - Monthly Dividend Option 21.23 Regular Plan -
Monthly Dividend Option 13.12 Regular Plan - Quaterly Dividend
Option 12.8759Direct Plan - Growth 80.52 Direct Plan - Growth 23.15
Regular Plan - Half Yearly Dividend Option 12.2228Direct Plan -
Monthly Dividend Option 29.26 Direct Plan - Monthly Dividend Option
14.89 Direct Plan - Growth 40.6192
Direct Plan - Quaterly Dividend Option 16.2962Direct Plan - Half
Yearly Dividend Option 12.1147
Principal Arbitrage Fund (`)Regular Plan - Growth 11.4196Regular
Plan - Monthly Dividend Option 10.0404Direct Plan - Growth
11.7040Direct Plan - Monthly Dividend Option 10.1692
Fixed Income Funds
Principal Cash Management Fund (`) Principal Low Duration Fund
(`) Principal Short Term Debt Fund (`)Regular Plan - Growth
1770.3973 Regular Plan - Growth 2668.3802 Regular Plan - Growth
33.7010Regular Plan - Daily Dividend Option 1000.8893 Regular Plan
- Daily Dividend Option 911.0365 Regular Plan - Monthly Dividend
Option 12.8242Regular Plan - Weekly Dividend Option 1006.4855
Regular Plan - Weekly Dividend Option 911.1869 Direct Plan - Growth
35.5351Regular Plan - Monthly Dividend Option 1023.9820 Regular
Plan - Monthly Dividend Option 1033.3934 Direct Plan - Monthly
Dividend Option 12.8586Direct Plan - Growth 1780.0659 Direct Plan -
Growth 2775.1220Direct Plan - Daily Dividend Option 1000.6367
Direct Plan - Daily Dividend Option 914.7402Direct Plan - Weekly
Dividend Option 1006.9425 Direct Plan - Weekly Dividend Option
913.3683Direct Plan - Monthly Dividend Option 1024.0378 Direct Plan
- Monthly Dividend Option 1037.7711
Principal Dynamic Bond Fund (`) Principal Credit Risk Fund (`)
Principal Ultra Short Term Fund (`)Regular Plan - Growth 31.9724
Regular Plan - Growth 3099.4948 Regular Plan - Growth
2137.3726Regular Plan - Quaterly Dividend Option 13.7736 Regular
Plan - Monthly Dividend Option 1237.4391 Regular Plan - Daily
Dividend Option 1005.4300Regular Plan - Annually Dividend Option
12.1593 Direct Plan - Growth 3222.9248 Regular Plan - Weekly
Dividend Option 1019.1782Direct Plan - Growth 33.6913 Direct Plan -
Monthly Dividend Option 1240.6969 Regular Plan - Monthly Dividend
Option 1059.6994Direct Plan - Quaterly Dividend Option 13.9142
Direct Plan - Growth 2207.9123Direct Plan - Annually Dividend
Option 12.5400 Direct Plan - Monthly Dividend Option 1060.0812
Solution Oriented Funds
Principal Retirement Savings Fund (CP) (`) Principal Retirement
Savings Fund (PP) (`) Principal Retirement Savings Fund (MP)
(`)Regular Sub Plan - Growth 12.4191 Regular Sub Plan - Growth
12.7391 Regular Sub Plan - Growth 12.6775Direct Sub Plan - Growth
12.6841 Direct Sub Plan - Growth 13.1501 Regular Sub Plan -
Dividend 12.6775
Direct Sub Plan - Growth 13.0566
Fund of Funds
Principal Global Opportunities Fund (`)Regular Plan - Growth
32.1736Regular Plan - Dividend 32.1736Direct Plan - Growth
33.1859Direct Plan - Dividend 33.1859
NAV (Net Asset Value) (As on July 31, 2020)
-
7
Principal Fixed Income Funds Snapshot (As on July 31, 2020)
Feat
ures
Prin
cipa
l Cas
h M
anag
emen
t Fun
dPr
inci
pal L
ow D
urat
ion
Fund
Prin
cipa
l Sho
rt T
erm
Deb
t Fu
ndPr
inci
pal D
ynam
ic B
ond
Fund
Prin
cipa
l Cre
dit R
isk
Fund
Prin
cipa
l Ult
ra S
hort
Ter
m
Fund
Cat
egor
yLi
quid
Low
Dur
atio
nSh
ort D
urat
ion
Dyn
amic
Bon
dC
redi
t ris
k fu
ndU
ltra
Sho
rt D
urat
ion
Posi
tioni
ng
Inve
st in
deb
t an
d m
oney
mar
ket
secu
ritie
s w
ith
mat
urity
up
to 9
1 da
ysIn
vest
in D
ebt a
nd M
oney
Mar
ket
inst
rum
ents
suc
h th
at M
acau
lay
dura
tion
of
the
port
folio
is
be
twee
n 6-
12 m
onth
s
Inve
st
in
Deb
t an
d M
oney
M
arke
t in
stru
men
ts
such
th
at M
acau
lay
dura
tion
of t
he
port
folio
is b
etw
een
1-3
year
s
Inve
st a
cros
s du
ratio
nsIn
vest
a m
inim
um o
f 65
% in
to
AA
and
bel
ow r
ated
cor
pora
te
bond
s (ex
clud
ing
AA
+ co
rpor
ate
bond
s)
Inve
st in
Deb
t and
Mon
ey M
arke
t in
stru
men
ts s
uch
that
Mac
aula
y du
ratio
n of
th
e po
rtfo
lio
is
betw
een
3-6
mon
ths
Ben
chm
ark
Inde
xC
RIS
IL L
iqui
d Fu
nd In
dex
CR
ISIL
Low
Dur
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ebt I
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CR
ISIL
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rt T
erm
Bon
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Bon
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Deb
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ex
Fu
nd
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tail
s
Mon
th E
nd A
UM
152.
6811
2.66
116.
1128
.84
14.8
821
8.62
YTM
3.44
%3.
77%
4.92
%4.
84%
3.44
%3.
59%
Mod
ified
Dur
atio
n21
Day
s25
2 D
ays
2.61
Yrs
3.17
Yrs
120
Day
s11
0 D
ays
Aver
age
Mat
urity
22 D
ays
276
Day
s3.
1 Yr
s3.
79 Y
rs13
8 D
ays
116
Day
s
Mac
aula
y D
urat
ion
21 D
ays
260
Day
s 2
.72
Yrs
3.2
6 Yr
s 12
3 D
ays
113
Day
s
Exit
Load
*N
ILN
IL1%
if
rede
emed
on
or b
efor
e 1
year
fr
om
the
date
of
al
lotm
ent.
1% i
f re
deem
ed o
n or
bef
ore
1 ye
ar
from
th
e da
te
of
allo
tmen
t.N
IL
Ass
et
All
ocati
on
Cert
ifica
te o
f Dep
osits
9.78
8.82
NA
NA
NA
6.83
Com
mer
cial
Pap
er32
.70
8.88
NA
NA
6.69
23.8
5
BO
ND
S &
NC
D10
.56
42.4
162
.31
18.0
214
.54
25.5
0
Sove
reig
nN
A10
.18
32.3
571
.19
NA
5.19
STAT
E G
OV
ERN
MEN
T SE
CU
RIT
IES
NA
9.31
NA
NA
NA
6.93
Trea
sury
Bill
s32
.56
5.50
NA
NA
0.87
17.3
1
Cas
h an
d O
ther
Ass
ets
14.4
014
.90
5.34
10.7
977
.90
14.3
9
Rati
ng
Bre
ak u
p
AA
A /
A1+
53
.04
58.3
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18.0
221
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56.1
8
AA
+ 0.
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814.
390.
000.
000.
00
Sove
reig
n32
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24.9
932
.35
71.1
90.
8729
.43
Cas
h an
d O
ther
Ass
ets
14.4
014
.90
5.34
10.7
977
.90
14.3
9
Inve
stor
exi
t upo
n su
bscr
ipti
onEx
it lo
ad a
s a
% o
f re
dem
ptio
n pr
ocee
dsD
ay 1
0.00
70%
Day
20.
0065
%D
ay 3
0.00
60%
Day
40.
0055
%D
ay 5
0.00
50%
Day
60.
0045
%D
ay 7
onw
ards
0.00
00%
* w
ith e
ffect
from
Oct
ober
20,
201
9.
-
8
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 8.00 1,25,107 7.58 1,24,837 7.88 1,25,030 3 Years SIP
3,60,000 -1.82 3,49,997 0.86 3,64,797 3.14 3,77,675 5 Years SIP
6,00,000 3.83 6,61,049 5.27 6,85,470 6.83 7,12,891 7 Years SIP
8,40,000 7.29 10,88,780 7.44 10,94,460 7.88 11,11,815 10 Years SIP
12,00,000 10.23 20,39,436 9.00 19,11,265 9.05 19,16,382
Since Inception SIP 28,50,000 15.22 2,38,57,667 Not
AvailableInception Date - March 31, 1996
Systematic Investment Plan (SIP) Returns (As on July 31,
2020)SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN
SCHEMES MANAGED BY MR. SUDHIR KEDIA
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 8.40 1,25,355 7.65 1,24,884 7.88 1,25,030 3 Years SIP
3,60,000 -0.08 3,59,542 -0.07 3,59,630 3.14 3,77,675 5 Years SIP
6,00,000 5.28 6,85,734 4.95 6,79,906 6.83 7,12,891 7 Years SIP
8,40,000 10.57 12,23,907 8.21 11,24,805 7.88 11,11,815 10 Years SIP
12,00,000 13.96 24,87,981 10.20 20,35,899 9.05 19,16,382 Since
Inception SIP 14,00,000 15.22 35,98,068 11.11 27,67,152 9.73
25,35,322 Inception Date - November 12, 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 12.24 1,27,766 8.10 1,25,171 7.88 1,25,030 3 Years SIP
3,60,000 2.25 3,72,629 -0.21 3,58,837 3.14 3,77,675 5 Years SIP
6,00,000 7.05 7,16,780 4.75 6,76,604 6.83 7,12,891 7 Years SIP
8,40,000 8.97 11,55,832 6.24 10,48,492 7.88 11,11,815 10 Years SIP
12,00,000 9.74 19,86,760 7.44 17,60,035 9.05 19,16,382 Since
Inception SIP 18,90,000 10.04 44,23,751 NA NA NA NAInception Date -
October 15, 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 8.42 1,25,370 8.56 1,25,460 7.88 1,25,030 3 Years SIP
3,60,000 3.93 3,82,221 2.05 3,71,490 3.14 3,77,675 5 Years SIP
6,00,000 6.69 7,10,291 6.20 7,01,718 6.83 7,12,891 7 Years SIP
8,40,000 8.34 11,30,109 8.10 11,20,619 7.88 11,11,815 10 Years SIP
12,00,000 9.68 19,81,327 9.55 19,67,591 9.05 19,16,382 Since
Inception SIP 17,60,000 10.74 40,93,449 10.09 38,79,563 9.61
37,32,043 Inception Date - November 11, 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 4.94 1,23,165 7.58 1,24,837 7.88 1,25,030 3 Years SIP
3,60,000 -2.30 3,47,404 0.86 3,64,797 3.14 3,77,675 5 Years SIP
6,00,000 3.70 6,58,976 5.27 6,85,470 6.83 7,12,891 7 Years SIP
8,40,000 7.27 10,87,627 7.44 10,94,460 7.88 11,11,815 10 Years SIP
12,00,000 10.17 20,32,862 9.00 19,11,265 9.05 19,16,382 Since
Inception SIP 23,70,000 13.05 1,01,15,823 13.74 1,09,89,466 13.13
1,02,10,229 Inception Date - October 25, 2000
SCHEMES MANAGED BY MR. RAVI GOPALAKRISHNAN & SIDDARTH
MOHTA
Different plans shall have a different expense structure.
Returns shown above are for Regular Plan - Growth option. Past
performance may or may not be sustained in the future.The returns
shown above are calculated using XIRR approach (CAGR Returns)
assuming investment of `10,000/- on the 1st business day of every
month. XIRR helps in calculating return on investments given an
initial and final value and a series of cash inflows and outflows
with the correct allowance for the time impact of the transactions.
Load is not taken into consideration for computation of
performance.For performance of all schemes, Investors are advised
to refer ‘Returns’ section on page 33.Disclaimer: The above
investment simulation is for illustrative purposes only and should
not be construed as a promise on minimum returns and safeguard of
capital. The AMC / Mutual Fund is not guaranteeing or promising or
forecasting any returns. SIP does not assure a profit or guarantee
protection against a loss in a declining market. Mr. Ravi
Gopalakrishnan manages Principal Emerging Bluechip Fund, Principal
Focused Multicap Fund and Principal Dividend Yield Fund (w.e.f.
October 2019).Mr. Ravi Gopalakrishnan manages Principal Multi Cap
Growth Fund, Equity portion of Principal Balanced Advantage Fund
and Mr. Siddarth Mohta has been appointed as a Associate Fund
Manager of Principal Multi Cap Growth Fund (w.e.f. August 2018).Mr.
Sudhir Kedia manages Principal Tax Savings Fund, Principal Tax
Saver Fund and Equity portion of Principal Equity Savings Fund
(w.e.f. October 2019).^Since TRI data is not available for the
period 31-03-1996 to 30-06-1999 for Nifty 50 Index, SIP performance
for since inception period is not provided. **Since TRI data is not
available for the period 31-03-1996 to 26-11-1998 for Nifty 500
Index, SIP performance for since inception period is not provided.
*Since performance data for Nifty Dividend Opportunities 50 Index
is not available, SIP performance since inception period is not
provided.
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 7.59 1,24,844 7.58 1,24,837 7.88 1,25,030 3 Years SIP
3,60,000 -2.26 3,47,607 0.86 3,64,797 3.14 3,77,675 5 Years SIP
6,00,000 1.45 6,22,495 5.27 6,85,470 6.83 7,12,891 7 Years SIP
8,40,000 4.17 9,74,025 7.44 10,94,460 7.88 11,11,815 10 Years SIP
12,00,000 6.57 16,81,872 9.00 19,11,265 9.05 19,16,382 Since
Inception SIP 29,10,000 15.54 2,69,55,567 Not AvailableInception
Date - March 31, 1996
-
9
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 5.71 1,23,657 8.63 1,25,499 7.88 1,25,030 3 Years SIP
3,60,000 -2.63 3,45,639 -1.61 3,51,154 3.14 3,77,675 5 Years SIP
6,00,000 1.33 6,20,600 2.55 6,39,985 6.83 7,12,891 7 Years SIP
8,40,000 3.20 9,40,986 5.47 10,20,193 7.88 11,11,815 10 Years SIP
12,00,000 5.27 15,72,126 7.73 17,86,963 9.05 19,16,382 Since
Inception SIP 25,20,000 9.67 77,69,130 NA NA 12.93 1,17,65,799
Inception Date - July 27, 1999
Different plans shall have a different expense structure.
Returns shown above are for Regular Plan - Growth option. Past
performance may or may not be sustained in the future.The returns
shown above are calculated using XIRR approach (CAGR Returns)
assuming investment of `10,000/- on the 1st business day of every
month. XIRR helps in calculating return on investments given an
initial and final value and a series of cash inflows and outflows
with the correct allowance for the time impact of the transactions.
Load is not taken into consideration for computation of
performance.For performance of all schemes, Investors are advised
to refer ‘Returns’ section on page 33.Disclaimer: The above
investment simulation is for illustrative purposes only and should
not be construed as a promise on minimum returns and safeguard of
capital. The AMC / Mutual Fund is not guaranteeing or promising or
forecasting any returns. SIP does not assure a profit or guarantee
protection against a loss in a declining market. Mr. Ravi
Gopalakrishnan manages Principal Balanced Advantage Fund - Equity
Portion, Principal Hybrid Equity Fund - Equity Portion and Mr.
Gurvinder Singh Wasan manages Principal Equity Savings Fund - Debt
portion (w.e.f. May 2019).Mr. Sudhir Kedia manages Principal Tax
Savings Fund, Principal Personal Tax Saver Fund Principal Equity
Savings Fund - Equity Portion (w.e.f. October 2019). Mr. Gurvinder
Singh Wasan manage Principal Equity Savings Fund - Debt portion
(w.e.f. May 2019).Mr. Ravi Gopalakrishnan manage Principal Hybrid
Equity Fund - Equity Portion, Mr. Bekxy Kuriakose - Debt Portion
and Mr. Ashish Aggrawal - Associate Fund Manager (w.e.f. October
2019)Ms. Bekxy Kuriakose manages Principal Hybrid Equity Fund -
Debt Portion (w.e.f. Mar 2016) and Principal Balanced Advantage
Fund - Debt Portion (w.e.f. January 01, 2018)Mr. Rajat Jain manages
Principal Nifty 100 EqualWeight Fund (w.e.f. August 2015)*Fresh
sale of units i.e. by way of purchase/ Switch-ins and registration
of fresh SIP arrangement under the Scheme is suspended till further
notice.# The equity component of CRISIL Hybrid 35+65 - Aggressive
Index is represented by total returns variant of S&P BSE
200With effect from June 10, 2018, fresh allotment of units in
Principal Personal Tax saver Fund even in case of SIPs registered
prior to close of business hours of March 31, 2017 is
suspended.^Since TRI data is not available for the period
31-03-1996 to 30-06-1999 for Nifty 50 Index, SIP performance for
since inception period is not provided. **Since TRI data is not
available for the period 31-03-1996 to 26-11-1998 for Nifty 500
Index, SIP performance for since inception period is not provided.
~Since performance data for Nifty 100 Equal Weight Index is not
available, SIP performance since inception period is not
provided.Performance of Principal Midcap Fund is not given as the
scheme has not completed 1 year.
Systematic Investment Plan (SIP) Returns (As on July 31,
2020)
Principal Balanced Advantage Fund - Growth
Particulars Total Amount Invested (in `)Scheme’s Returns
Scheme’s Bechmark (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 9.68 1,26,163 9.54 1,26,072 7.88 1,25,030 3 Years SIP
3,60,000 3.57 3,80,163 6.16 3,95,235 3.14 3,77,675 5 Years SIP
6,00,000 4.59 6,73,931 7.65 7,27,671 6.83 7,12,891 7 Years SIP
8,40,000 6.02 10,40,420 8.36 11,30,870 7.88 11,11,815 Since
Inception SIP 11,50,000 7.80 16,89,306 9.15 18,07,413 9.16
18,09,126
Inception Date - December 16, 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 7.72 1,24,928 12.34 1,27,828 7.88 1,25,030 3 Years SIP
3,60,000 0.51 3,62,844 6.42 3,96,762 3.14 3,77,675 5 Years SIP
6,00,000 5.52 6,89,747 8.23 7,38,370 6.83 7,12,891 7 Years SIP
8,40,000 8.00 11,16,673 9.25 11,67,329 7.88 11,11,815 10 Years SIP
12,00,000 9.79 19,92,183 9.91 20,04,693 9.05 19,16,382 Since
Inception SIP 24,60,000 12.06 97,41,383 9.55 71,75,806 12.98
1,09,28,263 Inception Date - January 14, 2000
Principal Equity Savings Fund - Growth
Particulars Total Amount Invested (in `)Scheme’s Returns
Scheme’s Benchmark (Nifty Equity Savings 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 10.64 1,26,763 8.74 1,25,572 10.12 1,26,438 3 Years SIP
3,60,000 4.77 3,87,114 6.56 3,97,587 10.46 4,21,133 5 Years SIP
6,00,000 5.54 6,90,151 7.42 7,23,490 8.63 7,45,704 7 Years SIP
8,40,000 5.99 10,39,357 7.81 11,08,883 8.64 11,42,447 10 Years SIP
12,00,000 6.16 16,46,696 8.36 18,47,160 8.11 18,23,629 Since
Inception SIP 21,80,000 6.80 42,17,237 5.45 36,77,984 7.05
43,25,217 Inception Date - May 23, 2002
SCHEME MANAGED BY MR. SUDHIR KEDIA & GURVINDER SINGH
WASAN
SCHEME MANAGED BY MR. RAVI GOPALAKRISHNAN & MS. BEKXY
KURIAKOSE
SCHEME MANAGED BY MR. RAVI GOPALAKRISHNAN, MR. ASHISH AGGARWAL
& MS. BEKXY KURIAKOSE
SCHEME MANAGED BY MR. RAJAT JAIN
Principal Short Term Debt Fund - Growth
Particulars Total Amount Invested (in `)Scheme’s Returns
Scheme’s Benchmark (CRISIL Short-Term Bond 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 15.92 1,30,036 12.21 1,27,736 10.31 1,26,554 3 Years SIP
3,60,000 5.64 3,92,176 10.08 4,18,766 10.47 4,21,143 5 Years SIP
6,00,000 5.54 6,90,120 9.02 7,53,041 8.63 7,45,714 7 Years SIP
8,40,000 6.12 10,44,115 8.91 11,53,299 8.65 11,42,467 10 Years SIP
12,00,000 6.80 17,01,881 8.85 18,95,534 8.11 18,23,649
Since Inception SIP 20,60,000 7.34 40,35,398 8.22 43,90,179 7.13
39,52,084 Inception Date - May 09, 2003
SCHEMES MANAGED BY GURVINDER SINGH WASAN
-
10
Principal Emerging Bluechip Fund(An open ended equity scheme
investing in both large cap and midcap stocks.)
Investment Objective: The primary objective of the Scheme is to
achieve long-term capital appreciation by investing in equity &
equity related instruments of large cap & midcap companies.
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) 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.
Market Cap Allocation (As on July 31, 2020) (% of NAV)
Note: ^ The above measures have been calculated by taking
rolling returns for a 3 year period with 3.86% risk free rate of
return (1 days - MIBOR Rate As on July 31, 2020). ** The Portfolio
Turnover Rate (PTR) means the lower of aggregate sales or purchases
made during the 12 month rolling year/period divided by the 12
month rolling year/period Average asset under Management for the
relevant year/period (As on July 31, 2020). # Weighted Average TER
for the month, includes GST on management fees.
Performance (As on 31/07/2020)Period Principal Emerging
Bluechip FundNIFTY Large Midcap
250 Index - TRI(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
1 Year (31-07-2019 to 31-07-2020) 6.51 10,652.56 1.93 10,193.80
0.68 10,068.16 3 Years (31-07-2017 to 31-07-2020) 0.65 10,197.59
1.44 10,439.18 4.46 11,399.83 5 Years (31-07-2015 to 31-07-2020)
7.26 14,198.97 6.66 13,810.23 6.66 13,810.53 Since Inception
(12-11-2008 to 31-07-2020) 21.93 1,02,190.00 15.65 54,985.31 13.64
44,777.09 Different plans shall have a different expense structure.
The performance details provided herein are of Regular Plan -
Growth option. Past performance may or may not be sustained in
future. Returns (in) are calculated on Compounded Annualised Basis
(CAGR). $ PTP (Point to Point) Returns are based on standard
investment of ` 10,000/- made at the beginning of relevant
period.Please refer page 33 for annexure of returns for all scheme
managed by the fund manager.
Data As on July 31, 2020
For NAV details, please refer page 6
Asset Under Managment (` Cr) MAAUM: 1,987.31
AUM: 2,013.59 `
Fund Manager DetailsName: Ravi Gopalakrishnan
Managing Since: October 2019Total Experience: 29 years
Expense Ratio# (As on July 31, 2020)Direct Plan - 1.00 %
Regular Plan - 2.12 %`
Industry Allocation (As on July 31, 2020) (% of NAV) Banks
13.26% Finance 10.97% Consumer Durables 7.86% Pharmaceuticals 7.40%
Chemicals 7.03% Petroleum Products 6.94% Industrial Products 6.27%
Software 6.02% Consumer Non Durables 5.88% Auto Ancillaries 5.68%
Cement 3.16% Telecom - Services 2.71% Auto 2.28% Retailing 1.99%
Healthcare Services 1.75% Gas 1.70% Ferrous Metals 1.64%
Transportation 1.41% Pesticides 1.19% Construction Project 0.98%
Textile Products 0.94% Media & Entertainment 0.88% Services
0.78% Construction 0.61%
Market Cap Ranges will be determined as per prevailing SEBI/
AMFI guidelines where· Large Cap: 1st -100th company in terms of
full market capitalization.· Mid Cap: 101st -250th company in terms
of full market capitalization.· Small Cap: 251st company onwards in
terms of full market capitalization.
Top 10 Equity Holdings* Holding less than 0.75%
Name % of NAV
Banks 12.15HDFC Bank Ltd. 5.21ICICI Bank Ltd. 3.33Kotak Mahindra
Bank Ltd. 2.12Axis Bank Ltd. 1.49Finance 10.64Bajaj Finance Ltd.
2.11Max Financial Services Ltd. 1.70Bajaj Finserv Ltd. 1.51Housing
Development Finance Corporation Ltd. 1.35Mahindra & Mahindra
Financial Services Ltd. 1.07SBI Life Insurance Company Ltd.
1.01Muthoot Finance Ltd. 0.99HDFC Asset Management Company Ltd.
0.90Pharmaceuticals 7.40Divi'sLaboratoriesLtd. 2.96Torrent
Pharmaceuticals Ltd. 1.77Natco Pharma Ltd. 1.47IPCA Laboratories
Ltd. 1.20Consumer Durables 7.20Dixon Technologies (India) Ltd.
3.53Bata India Ltd. 1.40Relaxo Footwears Ltd. 1.15Voltas Ltd.
1.12Chemicals 7.03Navin Fluorine International Ltd. 2.19Atul Ltd.
1.82Fine Organic Industries Ltd. 1.68Rossari Biotech Ltd.
1.34Petroleum Products 6.94Reliance Industries Ltd. 6.19Hindustan
Petroleum Corporation Ltd. 0.75Industrial Products 6.27AIA
Engineering Ltd. 2.25Astral Poly Technik Ltd. 1.06SKF India Ltd.
1.04Mold-Tek Packaging Ltd. 1.00SRF Ltd. 0.92Software 6.02Infosys
Ltd. 3.73Tata Consultancy Services Ltd. 2.29Consumer Non Durables
5.88Jubilant Foodworks Ltd. 2.01
Name % of NAV
Tata Consumer Products Ltd. 1.33Hindustan Unilever Ltd.
1.31Varun Beverages Ltd. 1.23Auto Ancillaries 5.68Balkrishna
Industries Ltd. 1.93MRF Ltd. 1.48Exide Industries Ltd. 1.23Sundram
Fasteners Ltd. 1.04Cement 3.16Shree Cement Ltd. 1.59Ultratech
Cement Ltd. 1.57Telecom - Services 2.71Bharti Airtel Ltd. 2.71Auto
1.80Maruti Suzuki India Ltd. 1.80Healthcare Services 1.75Dr. Lal
Path labs Ltd. 1.75Ferrous Metals 1.64Jindal Steel & Power Ltd.
1.64Transportation 1.41TCI Express Ltd. 1.41Retailing 1.37Avenue
Supermarts Ltd. 1.37Gas 1.23Gujarat State Petronet Ltd.
1.23Pesticides 1.19PI Industries Ltd. 1.19Construction Project
0.98Larsen & Toubro Ltd. 0.98Textile Products 0.94Page
Industries Ltd. 0.94Media & Entertainment 0.88Sun TV Network
Ltd. 0.88Services 0.78Indian Railway Catering & Tourism
Corporation Ltd. 0.78
Other Equities* 4.28 Total Equity 99.33 Treasury Bills 0.08 91
DAY T-BILL Sovereign 0.08 TREPS / Reverse Repo Investments 0.81
TREPS 0.81 Cash & Cash Equivalents -0.22Net Assets 100.00
Ratios & Other Details (As on July 31, 2020)Standard
Deviation^ (Annualised): 22.29%Beta^ : 0.96Sharpe Ratio^
(Annualised) : -0.03 Portfolio Turnover Ratio**: 0.51
Plans Regular Plan & Direct Plan. Options Both the Plans
offer Growth & Half Yearly Dividend Option.Half Yearly Dividend
Option under both the Plans offers facility of Payout, Reinvestment
and Sweep.
Allotment Date & Benchmark Allotment Date
Regular Plan: November 12, 2008Direct Plan: January 1, 2013
Benchmark: NIFTY Large Midcap 250 Index - TRI
(w.e.f. May 30, 2018)
Minimum Investment Amount (`)Lumpsum Special ProductsNew
Investor- ` 300 SIP- ` 100£Existing Investor- ` 300 STP- ` 1,000
RWP- ` 500 £12 installments each
Load StructureEntry Load: NILExit Load:If redeemed/ switched on
or before 365 days 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. (w.e.f. March 31, 2020)
-
11
Principal Multi Cap Growth Fund(An open ended equity scheme
investing across large cap, mid cap, small cap stocks)
Investment Objective: To achieve long – term capital
appreciation.
Fund Details Portfolio
Name % of NAVBanks 16.74HDFC Bank Ltd. 7.31ICICI Bank Ltd.
3.94Kotak Mahindra Bank Ltd. 2.88
Axis Bank Ltd. 1.34
State Bank of India 1.27
Finance 11.75Housing Development Finance Corporation Ltd.
3.32
Bajaj Finance Ltd. 2.24
SBI Life Insurance Company Ltd. 1.63
Max Financial Services Ltd. 1.44
Can Fin Homes Ltd. 1.24
Muthoot Finance Ltd. 0.99
HDFC Asset Management Company Ltd. 0.89
Software 10.36Infosys Ltd. 5.98Tata Consultancy Services Ltd.
4.38
Petroleum Products 10.28Reliance Industries Ltd. 9.21
Hindustan Petroleum Corporation Ltd. 1.07
Pharmaceuticals 6.04Divi'sLaboratoriesLtd. 2.62
Abbott India Ltd. 1.77
Alkem Laboratories Ltd. 0.83
Syngene International Ltd. 0.82
Consumer Durables 5.14
Dixon Technologies (India) Ltd. 1.76
Orient Electric Ltd. 1.21
Relaxo Footwears Ltd. 1.18
Whirlpool of India Ltd. 0.99
Consumer Non Durables 4.40Hindustan Unilever Ltd. 3.12
ITC Ltd. 1.28
Cement 3.49
Ultratech Cement Ltd. 1.35
JK Cement Ltd. 1.18
Shree Cement Ltd. 0.96
Telecom - Services 3.40Bharti Airtel Ltd. 3.40
Name % of NAVAuto 3.26
Maruti Suzuki India Ltd. 2.16
Mahindra & Mahindra Ltd. 1.10
Chemicals 3.23
Rossari Biotech Ltd. 1.34
Atul Ltd. 1.04
Aarti Industries Ltd. 0.85
Auto Ancillaries 2.97
Balkrishna Industries Ltd. 1.35
MRF Ltd. 0.87
Motherson Sumi Systems Ltd. 0.75
Pesticides 2.21
Bayer Cropscience Ltd. 1.19
PI Industries Ltd. 1.02
Retailing 2.17
Avenue Supermarts Ltd. 1.42
Aditya Birla Fashion and Retail Ltd. 0.75
Fertilisers 2.11
Coromandel International Ltd. 2.11
Industrial Products 2.07
Timken India Ltd. 1.12
Astral Poly Technik Ltd. 0.95
Construction Project 1.99
Larsen & Toubro Ltd. 1.99
Transportation 1.35
TCI Express Ltd. 1.35
Ferrous Metals 1.18
Jindal Steel & Power Ltd. 1.18
Other Equities* 4.57
Total Equity 98.71
DERIVATIVES
National Stock Exchange of India Ltd. 0.17
Treasury Bills 0.08
91 DAY T-BILL Sovereign 0.08
TREPS / Reverse Repo Investments 0.80
TREPS 0.80
Cash & Cash Equivalents 0.41
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) 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: ^ The above measures have been calculated by taking
rolling returns for a 3 year period with 3.86% risk free rate of
return (1 days - MIBOR Rate As on July 31, 2020). ** The Portfolio
Turnover Rate (PTR) means the lower of aggregate sales or purchases
made during the 12 month rolling year/period divided by the 12
month rolling year/period Average asset under Management for the
relevant year/period (As on July 31, 2020).# Weighted Average TER
for the month, includes GST on management fees.
Data As on July 31, 2020
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNew
Investor- ` 300 SIP- ` 100£Existing Investor- ` 300 STP- ` 1,000
RWP- ` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM: 632.69
AUM: 641.90
Allotment Date & Benchmark Allotment Date
Regular Plan: October 25, 2000Direct Plan: January 1, 2013
Benchmark: Nifty 500 Index - TRI (w.e.f. April 23, 2018)
`
Load StructureEntry Load: NILExit Load:If redeemed/ switched on
or be-fore 365 days 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. (w.e.f. March 31, 2020)
Plans Regular Plan & Direct Plan. Options Both the Plans
offer Growth & Half Yearly Dividend Option.Half Yearly Dividend
Option under both the Plans offers facility of Payout, Reinvestment
and Sweep.
Ratios & Other Details (As on July 31, 2020)Standard
Deviation^ (Annualised): 21.62%Beta^ : 0.97Sharpe Ratio^
(Annualised) : -0.10 Portfolio Turnover Ratio**: 0.63
Fund Manager DetailsName: Ravi Gopalakrishnan & Siddarth
Mohta
(Associate Fund Manager)Managing Since: July 2019 & August
2018
Total Experience: 29 years & 16 years
Expense Ratio# (As on July 31, 2020)Direct Plan - 1.65 %
Regular Plan - 2.48 %`
Industry Allocation (Top 10) (As on July 31, 2020) (% of
NAV)
Banks 16.74% Finance 12.47% Software 10.36% Petroleum Products
10.28% Pharmaceuticals 6.59% Consumer Non Durables 5.75% Consumer
Durables 5.14% Cement 3.49% Telecom - Services 3.40% Auto 3.26%
Performance (As on 31/07/2020)Period Principal Multi Cap
Growth FundNifty 500 Index - TRI
(Scheme’s Benchmark)Nifty 50 - TRI
(Additional Benchmark)Returns
(%)$PTP
ReturnsReturns
(%)$PTP
ReturnsReturns
(%)$PTP
Returns1 Year (31-07-2019 to 31-07-2020) -0.87 9,912.37 0.98
10,098.13 0.68 10,068.16 3 Years (31-07-2017 to 31-07-2020) -0.64
9,809.50 2.08 10,637.02 4.46 11,399.83 5 Years (31-07-2015 to
31-07-2020) 5.85 13,293.82 6.17 13,491.66 6.66 13,810.53 Since
Inception (25-10-2000 to 31-07-2020) 13.95 1,32,340.00 14.46
1,44,609.90 13.54 1,23,330.97 Different plans shall have a
different expense structure. The performance details provided
herein are of Regular Plan - Growth option. Past performance may or
may not be sustained in future. Returns (in %) are calculated on
Compounded Annualised Basis (CAGR). $ PTP (Point to Point) Returns
are based on standard investment of ` 10,000/- made at the
beginning of relevant period.Please refer page 33 for annexure of
returns for all scheme managed by the fund manager.
Market Cap Allocation (As on July 31, 2020) (% of NAV)
Top 10 Equity Holdings* Holding less than 0.75%
-
12
Principal Focused Multicap Fund(An open ended equity scheme
investing in maximum 30 Multi cap stocks)
Investment Objective: To provide capital appreciation and /or
dividend distribution by investing in companies across market
capitalization.
Fund Details Portfolio
Market Cap Allocation (As on July 31, 2020) (% of NAV)
Note: ^ The above measures have been calculated by taking
rolling returns for a 3 year period with 3.86% risk free rate of
return (1 days - MIBOR Rate As on July 31, 2020). ** The Portfolio
Turnover Rate (PTR) means the lower of aggregate sales or purchases
made during the 12 month rolling year/period divided by the 12
month rolling year/period Average asset under Management for the
relevant year/period (As on July 31, 2020).# Weighted Average TER
for the month, includes GST on management fees.
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV
Dividend (`/Unit)* Cum Dividend NAV
17-Dec-19 1.38 27.36 1.51 28.2417-Jun-19 1.90 27.32 2.31
28.4715-Dec-17 2.11 28.09 1.72 28.46Past 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 July 31, 2020
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNew
Investor- ` 300 SIP- ` 100£Existing Investor- ` 300 STP- ` 1,000
RWP- ` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM: 374.10
AUM: 379.89
Allotment Date & Benchmark Allotment Date
Regular Plan: November 11, 2005Direct Plan: January 1, 2013
Benchmark: S&P BSE 250 Large Midcap Index - TRI
`
Load StructureEntry Load: NILExit Load: 0.25% for redemptions
with-in 7 days from the date of allotment [w.e.f. March 01,
2019]
Plans Regular Plan & Direct Plan. Options Both the Plans
offer Growth & Half Yearly Dividend Option.Half Yearly Dividend
Option under both the Plans offers facility of Payout, Reinvestment
and Sweep.
Ratios & Other Details (As on July 31, 2020)Standard
Deviation^ (Annualised): 18.63%Beta^ : 0.85Sharpe Ratio^
(Annualised) : 0.07 Portfolio Turnover Ratio** : 0.56
Fund Manager DetailsName: Ravi Gopalakrishnan
Managing Since: October 2019Total Experience: 29 years
Expense Ratio# (As on July 31, 2020)Direct Plan - 1.79 %
Regular Plan - 2.61 %`
Industry Allocation (Top 10) (As on July 31, 2020) (% of
NAV)
Banks 15.35% Finance 12.38% Consumer Non Durables 10.75%
Software 9.77% Petroleum Products 9.24% Chemicals 5.98%
Pharmaceuticals 5.36% Consumer Durables 5.21% Industrial Products
4.84% Telecom - Services 3.56%
Performance (As on 31/07/2020)Period Principal Focused
Multicap FundS&P BSE 250 Large
Midcap - TRI(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
1 Year (31-07-2019 to 31-07-2020) 7.98 10,800.20 1.88 10,188.61
0.68 10,068.16 3 Years (31-07-2017 to 31-07-2020) 3.48 11,082.45
3.26 11,011.73 4.46 11,399.83 5 Years (31-07-2015 to 31-07-2020)
6.43 13,659.60 6.77 13,881.19 6.66 13,810.53 Since Inception
(11-11-2005 to 31-07-2020) 13.64 65,730.00 11.96 52,820.45 11.85
52,056.74 Different plans shall have a different expense structure.
The performance details provided herein are of Regular Plan -
Growth option. Past performance may or may not be sustained in
future. Returns (in %) are calculated on Compounded Annualised
Basis (CAGR). $ PTP (Point to Point) Returns are based on standard
investment of ` 10,000/- made at the beginning of relevant
period.Please refer page 33 for annexure of returns for all scheme
managed by the fund manager.
Top 10 Equity Holdings# Include 0.24% Partly Paid Right
shares
Name % of NAV
Banks 15.35HDFC Bank Ltd. 6.97ICICI Bank Ltd. 4.64Kotak Mahindra
Bank Ltd. 2.61State Bank of India 1.13Finance 12.38Housing
Development Finance Corporation Ltd. 3.34Bajaj Finance Ltd. 2.68SBI
Life Insurance Company Ltd. 2.27Bajaj Finserv Ltd. 2.25Max
Financial Services Ltd. 1.84Consumer Non Durables 10.75Hindustan
Unilever Ltd. 5.06Nestle India Ltd. 2.87Britannia Industries Ltd.
2.82Software 9.77Infosys Ltd. 6.06Tata Consultancy Services Ltd.
3.71Petroleum Products 9.24Reliance Industries Ltd.# 9.24Chemicals
5.98Navin Fluorine International Ltd. 4.29Rossari Biotech Ltd.
1.69Pharmaceuticals 5.36Abbott India Ltd. 3.98Alkem Laboratories
Ltd. 1.38Consumer Durables 5.21Whirlpool of India Ltd. 2.15Relaxo
Footwears Ltd. 1.71Dixon Technologies (India) Ltd. 1.35Industrial
Products 4.84AIA Engineering Ltd. 2.74Astral Poly Technik Ltd.
2.10Telecom - Services 3.56Bharti Airtel Ltd. 3.56Cement 3.19Shree
Cement Ltd. 3.19Auto 2.39Maruti Suzuki India Ltd. 2.39Retailing
2.32Avenue Supermarts Ltd. 2.32Auto Ancillaries 1.83MRF Ltd.
1.83Pesticides 0.98PI Industries Ltd. 0.98Total Equity
93.15Treasury Bills 0.08 91 DAY T-BILL Sovereign 0.08 TREPS /
Reverse Repo Investments 6.62 TREPS 6.62 Cash & Cash
Equivalents 0.15 Net Assets 100.00
-
13
Principal Small Cap Fund(An open ended equity scheme
predominantly investing in small cap stocks)
Investment Objective: To generate long term capital appreciation
by predominantly investing in equity and equity related instruments
of small cap companies. However, there is no assurance or guarantee
that the investment objective of the Scheme will be achieved.
Fund Details Portfolio
Note: #Weighted Average TER for the month, includes GST on
management fees. Other ratios are not given as scheme has not
completed 3 years.** The Portfolio Turnover Rate (PTR) means the
lower of aggregate sales or purchases made during the 12 month
rolling year/period divided by the 12 month rolling year/period
Average asset under Management for the relevant year/period (As on
July 31, 2020).
Data As on July 31, 2020
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNew
Investor- ` 5,000 SIP- ` 500£Existing Investor- ` 1,000 STP- `
1000§ RWP- ` 500§£12 installments each §6 installments each
Asset Under Managment (` Cr) MAAUM: 174.16
AUM: 177.80
Allotment Date & Benchmark Allotment Date
Regular Plan: May 13, 2019 Direct Plan: May 13, 2019
Benchmark: Nifty Small Cap 100 index
`Load StructureEntry Load: NILExit Load:If redeemed/ switched on
or before 365 days 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. (w.e.f. March 31, 2020)
Plans Regular Plan & Direct Plan. Options Both the Plans
offer Growth & Dividend Option. The Dividend Option under both
the Plans will have the facility of Payout and Reinvestment.
Fund Manager DetailsName: Ravi Gopalakrishnan &
Mr. Siddarth MohtaManaging Since: July 2019 & May 2019
Total Experience: 29 years & 16 years
Expense Ratio# (As on July 31, 2020)Direct Plan - 0.74 %Regular
Plan - 2.47 %
`
Industry Allocation (Top 10) (As on July 31, 2020) (% of
NAV)
Chemicals 15.74% Finance 11.94% Software 8.98% Consumer Durables
8.55% Industrial Products 7.33% Cement 6.70% Pesticides 5.21%
Auto 3.79%
Transportation 3.46% Fertilisers 2.69%
Market Cap Allocation (As on July 31, 2020) (% of NAV)
Name % of NAV
Chemicals 15.74Navin Fluorine International Ltd. 3.38Galaxy
Surfactants Ltd. 2.66Neogen Chemicals Ltd. 2.65Alkyl Amines
Chemicals Ltd. 2.53Fine Organic Industries Ltd. 2.26Rossari Biotech
Ltd. 1.47GHCL Ltd. 0.79Finance 10.86Multi Commodity Exchange of
India Ltd. 3.10Can Fin Homes Ltd. 2.05SBI Life Insurance Company
Ltd. 1.41Bajaj Finance Ltd. 1.39Max Financial Services Ltd.
1.08Muthoot Finance Ltd. 0.95HDFC Asset Management Company Ltd.
0.88Software 8.98Persistent Systems Ltd. 2.74Tata Elxsi Ltd.
1.79NIIT Ltd. 1.36Mastek Ltd. 1.22Info Edge (India) Ltd. 1.04KPIT
Technologies Ltd. 0.83Consumer Durables 7.67Dixon Technologies
(India) Ltd. 2.79Orient Electric Ltd. 2.01Blue Star Ltd. 1.50VIP
Industries Ltd. 1.37Industrial Products 7.33Timken India Ltd.
2.19Finolex Cables Ltd. 1.50Mold-Tek Packaging Ltd. 1.43Cosmo Films
Ltd. 1.28Astral Poly Technik Ltd. 0.93Cement 6.70JK Lakshmi Cement
Ltd. 2.48JK Cement Ltd. 2.24Birla Corporation Ltd. 1.98Pesticides
5.21Rallis India Ltd. 2.66Bayer Cropscience Ltd. 1.65PI Industries
Ltd. 0.90Auto 3.79Hero MotoCorp Ltd. 1.49
Name % of NAV
Escorts Ltd. 1.27Maruti Suzuki India Ltd. 1.03Transportation
3.46TCI Express Ltd. 2.07Transport Corporation of India Ltd.
1.39Fertilisers 2.69Chambal Fertilisers and Chemicals Ltd.
1.67Coromandel International Ltd. 1.02Ferrous Metals 2.66Tata Steel
BSL Ltd. 1.52Kirloskar Ferrous Industries Ltd. 1.14Pharmaceuticals
2.55Divi'sLaboratoriesLtd. 1.40Alkem Laboratories Ltd. 1.15Telecom
- Services 2.06Bharti Airtel Ltd. 2.06Engineering Services
1.66Rites Ltd. 1.66Construction 1.49Cera Sanitaryware Ltd.
1.49Construction Project 1.43Ircon International Ltd. 1.43Petroleum
Products 1.27Reliance Industries Ltd. 1.27Auto Ancillaries
1.17Balkrishna Industries Ltd. 1.17Textiles - Cotton 0.95Vardhman
Textiles Ltd. 0.95Textile Products 0.93Siyaram Silk Mills Ltd.
0.93Non - Ferrous Metals 0.87National Aluminium Company Ltd.
0.87Banks 0.78ICICI Bank Ltd. 0.78Consumer Non Durables
0.77Jubilant Foodworks Ltd. 0.77Other Equities* 4.82 Total Equity
95.84 Treasury Bills 0.08 91 DAY T-BILL Sovereign 0.08 TREPS /
Reverse Repo Investments 4.02 TREPS 4.02 Cash & Cash
Equivalents 0.06 Net Assets 100.00
Top 10 Equity Holdings * Holding less than 0.75%
Performance (As on 31/07/2020)Period Principal Small Cap
Fund
- Regular Plan - Growth
Nifty SmallCap 100 Index
(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%) $PTP Returns Returns (%)$PTP
Returns Returns (%)$PTP
Returns1 Year (31-07-2019 to 31-07-2020) 11.84 11,187.70 -8.20
9,177.63 0.68 10,068.16 Since Inception (13-05-2019 to 31-07-2020)
4.49 10,550.00 -13.77 8,347.66 0.83 10,101.20 Different plans shall
have a different expense structure. The performance details
provided herein are of Regular Plan - Growthoption. Past
performance may or may not be sustained in future. Returns (in %)
are calculated on Compounded AnnualisedBasis (CAGR). $PTP (Point to
Point) returns are based on standard investment of ` 10,000 made at
the beginning of relevant period. Please refer page 33 for annexure
of returns for all scheme managed by the fund manager. 3, 5 years
performance of Principal Small Cap Fund is not given as the scheme
have not been in existence for 3, 5 years.
Other Details (As on July 31, 2020)Portfolio Turnover Ratio** :
1.04
-
15
Principal Dividend Yield Fund(An open ended equity scheme
predominantly investing in
dividend yielding stocks)
Investment Objective: To provide capital appreciation and/or
dividend distribution by investing predominantly in a
well-diversified portfolio of companies that have a relatively high
dividend yield.
Fund Details Portfolio
Dividend Update
Date Regular Plan Direct PlanDividend (`/Unit)* Cum Dividend NAV
Dividend (`/Unit)* Cum Dividend NAV
17-Jun-19 0.47 22.68 0.54 30.7917-Dec-18 NA NA 0.12
30.4915-Dec-17 3.50 26.24 NA NA16-Jun-17 5.82 28.38 2.93 29.32Past
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.
Note: ^ The above measures have been calculated by taking
rolling returns for a 3 year period with 3.86% risk free rate of
return (1 days - MIBOR Rate As on July 31, 2020). ** The Portfolio
Turnover Rate (PTR) means the lower of aggregate sales or purchases
made during the 12 month rolling year/period divided by the 12
month rolling year/period Average asset under Management for the
relevant year/period (As on July 31, 2020).# Weighted Average TER
for the month, includes GST on management fees.
Data As on July 31, 2020
For NAV details, please refer page 6
Minimum Investment Amount (`)Lumpsum Special ProductsNew
Investor- ` 5,000 SIP- ` 500£Existing Investor- ` 1,000 STP- `
1,000 RWP- ` 500 £12 installments each
Asset Under Managment (` Cr) MAAUM: 166.73
AUM: 169.10
Allotment Date & Benchmark Allotment Date
Regular Plan: October 15, 2004Direct Plan: January 1, 2013
Benchmark: Nifty Dividend Opportunities 50 Index - TRI
`
Load StructureEntry Load: NILExit Load:If redeemed/ switched on
or be-fore 365 days 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 (w.e.f. March 31, 2020)
Plans Regular Plan & Direct Plan. Options Both the Plans
offer Growth & Half Yearly Dividend Option.Half Yearly Dividend
Option under both the Plans offers facility of Payout, Reinvestment
and Sweep.
Ratios & Other Details (As on July 31, 2020)Standard
Deviation^ (Annualised): 18.88%Beta^ : 1.07Sharpe Ratio^
(Annualised) : 0.08 Portfolio Turnover Ratio** : 0.21
Fund Manager DetailsName: Ravi Gopalakrishnan
Managing Since: October 2019Total Experience: 29 years
Expense Ratio# (As on July 31, 2020)Direct Plan - 2.04 %
Regular Plan - 2.57 %`
Industry Allocation (Top 10) (As on July 31, 2020) (% of
NAV)
Consumer Non Durables 18.45% Software 15.78% Petroleum Products
11.42% Banks 9.49% Chemicals 8.18% Auto 7.22% Gas 4.52% Cement
4.09% Industrial Products 3.69% Telecom - Services 2.94%
Performance (As on 31/07/2020)Period Principal Dividend
Yield
FundNifty Dividend
Opportunities 50 - TRI(Scheme’s Benchmark)
Nifty 50 - TRI(Additional Benchmark)
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
Returns (%)
$PTP Returns
1 Year (31-07-2019 to 31-07-2020) 7.74 10,776.40 -1.90 9,809.87
0.68 10,068.16 3 Years (31-07-2017 to 31-07-2020) 3.62 11,125.99
2.25 10,691.62 4.46 11,399.83 5 Years (31-07-2015 to 31-07-2020)
7.55 14,398.70 6.08 13,439.51 6.66 13,810.53 Since Inception
(15-10-2004 to 31-07-2020) 11.15 53,160.00 NA NA 13.63 75,293.27
Different plans shall have a different expense structure. The
performance details provided herein are of Regular Plan - Growth
option. Past performance may or may not be sustained in future.
Returns (in %) are calculated on Compounded Annualised Basis
(CAGR). $ PTP (Point to Point) Returns are based on standard
investment of ` 10,000/- made at the beginning of relevant period.
Please refer page 33 for annexure of returns for all scheme managed
by the fund manager.
Market Cap Allocation (As on July 31, 2020) (% of NAV)
Top 10 Equity Holdings* Holding less than 0.75%
Name % of NAV
Consumer Non Durables 18.45Hindustan Unilever Ltd. 7.56ITC Ltd.
4.65Colgate Palmolive (India) Ltd. 2.35VST Industries Ltd.
2.07Britannia Industries Ltd. 0.95Bannari Amman Sugars Ltd.
0.87Software 15.78Tata Consultancy Services Ltd. 6.30Infosys Ltd.
6.17Tech Mahindra Ltd. 1.90HCL Technologies Ltd. 1.41Petroleum
Products 11.15Reliance Industries Ltd. 7.05Hindustan Petroleum
Corporation Ltd. 2.80Castrol India Ltd. 1.30Banks 9.49ICICI Bank
Ltd. 3.69HDFC Bank Ltd. 3.29State Bank of India 1.30Kotak Mahindra
Bank Ltd. 1.21Chemicals 8.16Navin Fluorine International Ltd.
3.30Aarti Industries Ltd. 2.11Fine Organic Industries Ltd.
1.63Rossari Biotech Ltd. 1.12Auto 7.22Bajaj Auto Ltd. 3.52Maruti
Suzuki India Ltd. 1.48Mahindra & Mahindra Ltd. 1.29Ashok
Leyland Ltd. 0.93Gas 4.52Gujarat Gas Ltd. 3.08Indraprastha Gas Ltd.
1.44
Name % of NAV
Cement 4.09Ultratech Cement Ltd. 4.09Industrial Products 3.69AIA
Engineering Ltd. 2.14SRF Ltd. 1.55Telecom - Services 2.94Bharti
Airtel Ltd. 2.94Ferrous Metals 1.95Tata Steel Ltd. 1.95Auto
Ancillaries 1.93Balkrishna Industries Ltd. 0.97Exide Industries
Ltd. 0.96Non - Ferrous Metals 1.86Hindustan Zinc Ltd. 1.86Power
1.29NTPC Ltd. 1.29Fertilisers 1.27Coromandel International Ltd.
1.27Consumer Durables 1.12Sheela Foam Ltd. 1.12Finance 1.10Bajaj
Finserv Ltd. 1.10Construction Project 0.85Larsen & Toubro Ltd.
0.85Other Equities* 1.36 Total Equity 98.22 Treasury Bills 0.08 91
DAY T-BILL Sovereign 0.08 TREPS / Reverse Repo Investments 1.67
TREPS 1.67 Cash & Cash Equivalents 0.03 Net Assets 100.00
-
16
Principal Tax Savings Fund(An open ended equity linked saving
scheme with a statutory
lock in of 3 years and tax benefit)
Investment Objective: To build a high quality growth-oriented
portfolio to provide long-term capital gains to the investors. The
scheme aims at providing returns through capital appreciation.
Fund Details Portfolio
Name % of NAVBanks 17.96HDFC Bank Ltd. 7.09ICICI Bank Ltd.
4.27Kotak Mahindra Bank Ltd. 2.90
State Bank of India 2.34
Axis Bank Ltd. 1.36
Software 11.05Infosys Ltd. 5.20Tata Consultancy Services Ltd.
3.73
MindTree Ltd. 1.09
Tech Mahindra Ltd. 1.03
Petroleum Products 9.56Reliance Industries Ltd.# 8.52
Hindustan Petroleum Corporation Ltd. 1.04
Consumer Non Durables 8.40ITC Ltd. 2.43
United Spirits Ltd. 2.40
Hindustan Unilever Ltd. 1.98
Tata Consumer Products Ltd. 1.59
Finance 8.06Housing Development Finance Corporation Ltd.
2.66
Bajaj Finserv Ltd. 1.88
Max Financial Services Ltd. 1.68
Bajaj Finance Ltd. 0.96
HDFC Asset Management Company Ltd. 0.88
Pharmaceuticals 4.99
Divi'sLaboratoriesLtd. 2.36
Sun Pharmaceutical Industries Ltd. 1.41
Abbott India Ltd. 1.22
Auto 3.43
Maruti Suzuki India Ltd. 1.99
Mahindra & Mahindra Ltd. 1.44
Name % of NAVConstruction Project 3.38Larsen & Toubro Ltd.
3.38
Telecom - Services 2.69Bharti Airtel Ltd. 2.69
Consumer Durables 2.14
Whirlpool of India Ltd. 1.15
Titan Company Ltd. 0.99
Power 1.66
NTPC Ltd. 1.66
Chemicals 1.43
Rossari Biotech Ltd. 1.43
Textile Products 1.25
Page Industries Ltd. 1.25
Construction 1.19
Kajaria Ceramics Ltd. 1.19
Pesticides 1.17
Bayer Cropscience Ltd. 1.17
Cement 0.95
Ultratech Cement Ltd. 0.95
Gas 0.95
GAIL (India) Ltd. 0.95
Ferrous Metals 0.81
Tata Steel BSL Ltd. 0.81
Auto Ancillaries 0.77
Exide Industries Ltd. 0.77
Other Equities* 11.36
Total Equity 93.20
Treasury Bills 0.08
91 DAY T-BILL Sovereign 0.08
TREPS / Reverse Repo Investments 5.21
TREPS 5.21
Cash & Cash Equivalents 1.51
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) 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: ^ The above measures have been calculated by taking
rolling returns for a 3 year period with 3.86% risk free rate of
return (1 days - MIBOR Rate As on July 31, 2020). ** The Portfolio
Turnover Rate (PTR) means the lower of aggregate sales or purchases
made during the 12 month rolling year/period divided by the 12
month rolling year/period Average asset under Management for the
relevant year/period (As on J