•

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*Investors should consult their financial advisors if in doubt aboutwhether the product is suitable for them.

✓ Trusted Names

✓ Strong underlying business fundamentals

✓ Established track record

✓ High corporate governance

✓ Wealth creators over long terms

✓ Dividend paying

✓ Generally steady returns for investors

✓ Mid sized companies

✓ Adaptable to market changing conditions

✓ Potential to outperform Large cap stocks

✓ Usually considered to be the front runners during bull phases in the markets

✓ Have higher risks attached

✓ Emerging leaders

Traits of Large Businesses Traits of Mid sized Businesses

✓ May be prudent investment option in longer term if chosen wisely

✓ Potential to grow faster than their larger peers

✓ Possess highest degree of risk

Traits of Small Businesses

✓ Perceived as moderately higher risk oriented investment product

✓ Usually the associated risk is higher than Large Cap funds but lower than Mid Cap, Small Cap and other Sectoral Funds

✓ Flexible mandate:o A Large Cap fund cannot invest more than 20% of its portfolio outside large cap stockso A Mid Cap fund cannot invest more than 35% of its portfolio outside mid cap stockso A Small Cap fund cannot invest more than 35% of its portfolio outside small cap stocks

However, in a Multi Cap Fund, the Fund Manager has flexibility to change the portfolio as per the prevailing market conditions

✓ Wealth creation vehicles over longer term of investments

Traits of Multi Cap Mutual Fund Schemes

Nifty 50 Nifty Midcap 100 Nifty Smallcap 100 Nifty 500

FY 2006 64.56% 59.96% 77.90% 61.21%

FY 2007 12.31% 1.31% 15.10% 8.07%

FY 2008 23.89% 28.67% 25.37% 21.64%

FY 2009 -36.19% -45.40% -58.15% -40.02%

FY 2010 73.76% 126.12% 129.43% 87.95%

FY 2011 11.14% 4.35% -0.99% 7.26%

FY 2012 -9.23% -4.09% -5.52% -8.75%

FY 2013 7.31% -4.02% -7.45% 5.13%

FY 2014 17.98% 16.36% 17.85% 17.72%

FY 2015 26.65% 50.96% 52.27% 33.56%

FY 2016 -8.86% -1.91% -13.13% -7.54%

FY 2017 18.55% 34.85% 42.99% 23.91%

FY 2018 10.25% 9.07% 11.56% 11.47%

FYTD 2019* 7.45% -6.60% -19.98% 2.18%

Sum of Green 5/14 3/14 6/14 0/14

Sum of Red 4/14 4/14 5/14 1/14

The performance of Large, Mid and Small cap stocks can deviate considerably…

However, Multi caps are more resilient to volatility…

The above analysis is for illustration purpose only. Past performance is no guarantee of future returns. Source: MFI Explorer, Internal Analysis

*Nov 30, 2018

Multi caps usually tend to score higher returns than Large caps and lower than Mid caps

But they are less volatile^ than Mid caps

The above analysis is for illustration purpose only. Past performance is no guarantee of future returns. Source: MFI Explorer, Internal Analysis

Past performance may or may not be sustained in future. *Data as on 30th Nov 2018. Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. ^Based on daily absolute returns since 1st Apr 2005. For complete performance details, refer to data in slide no. 9

12

.49

%

13

.36

%

14

.56

%

18

.58

%

16

.47

%

17

.09

%

17

.14

%

19

.16

%

12

.94

%

13

.70

%

14

.52

%

17

.97

%

3 years 5 years 7 years 10 years

Volatility^Nifty 50 Nifty Midcap 100 Nifty 500

11

.08

%

11

.98

%

12

.29

%

14

.72

%

9.7

3%

17

.90

%

14

.85

%

18

.12

%

10

.86

%

13

.81

%

13

.26

%

15

.84

%

3 years 5 years 7 years 10 years

Point to Point Returns*Nifty 50 Nifty Midcap 100 Nifty 500

Buy and Hold investment philosophy

Relatively higher Beta portfolio

Low Churn portfolio

Less Index hugging, hence relatively higher active share

Seeks opportunities to invest away from the Benchmark

Value style of investing

Investments with the intent to play over the fully business cycles of underlying companies

Suitable for investment horizon over 3-5 years and for ones do not bother about short term volatility

Why invest in Principal Multi Cap Growth Fund?

DISCLAIMER: The investment strategy stated above may change from time to time without any notice and shall be in accordance with the strategy as mentioned in the Scheme Information Document of the scheme.

Why invest in Principal Multi Cap Growth Fund?

Some insight on how we invest!

Market sees Concerns

If the concerns are factored into the price

If the management can overcome the concerns in next 2-3 years

When in a stock

We research and evaluate

If these conditionssatisfy us, we buythe Stock.

If it doesn’t, wedon’t.

Seek early entrance opportunities

Turnaround in business fundamentals for good.

Potential significant improvements in Financial status

DISCLAIMER: The investment strategy stated above may change from time to time without any notice and shall be in accordance with the strategy as mentioned in the Scheme Information Document of the scheme.

Tends to outperform in bull runs of the market.

From ToMajor Market

Event*NIFTY 500 TRI

Principal Multi Cap

Growth Fund

Out /

Underperformance

28/09/2010 20/12/2011 E1 -27.7% -31.1% -3.4%

20/12/2011 31/01/2013 E2 37.0% 47.4% 10.4%

31/01/2013 28/08/2013 E3 -14.8% -16.2% -1.4%

28/08/2013 06/08/2015 E4 81.5% 108.2% 26.7%

06/08/2015 25/02/2016 E5 -19.0% -21.8% -2.8%

25/02/2016 23/01/2018 E6 74.0% 100.4% 26.4%

23/01/2018 30/11/2018 E7 -7.78% -12.84% -5.06%

*Major Market Event; E1: Eurozone Debt Crisis; E2: Bounce back in the US and global rally; E3: Taper Tantrum; E4: Oil price correction; E5:Chinese economic slowdown; E6: Domestic reforms and implementation; E7: LTCG on equities and ongoing period.

Different plans shall have a different expense structure. The performance details provided herein are of Principal Multi Cap Growth Fund - Regular Plan - Growth option. Past performance may or may not be sustained in future. The returns given above are absolute returns. For detailed scheme performance data and performance data of other schemes managed by the Fund Manager, pls refer to the performance table Annexure in slide no. 14 & 15.

Fund Performance since the current Fund Manager has taken over.

Point to Point Performance

Periods

Principal Multi Cap Growth Fund NIFTY 500 TRI NIFTY 50 TRI

Returns PTP Returns$ Returns PTP Returns$ Returns PTP Returns$

1 Year -6.50% 9349.97 0.74% 10074.11 7.82% 10782.43

3 Year 12.65% 14301.61 12.24% 14143.99 12.54% 14259.63

5 Year 18.31% 23200.61 15.12% 20232.79 13.37% 18741.59

Since Inception* 15.57% 137510.00 15.82% 143003.02 14.64% 118711.81

*25th Oct 2000

PeriodsTotal Amount

Invested(in Rs.)

Principal Multi Cap Growth Fund NIFTY 500 TRI NIFTY 50 TRI

ReturnsMarket Value

(in Rs.) Returns

Market Value (in Rs.)

ReturnsMarket Value

(in Rs.)

1 Year SIP 120,000.00 -8.33% 114,543 -2.54% 118,351 4.52% 122,898

3 Years SIP 360,000.00 10.23% 419,665 10.46% 421,080 12.41% 433,188

5 Years SIP 600,000.00 12.50% 820,839 11.19% 794,687 11.14% 793,748

7 Years SIP 840,000.00 15.78% 1,473,683 13.04% 1,336,450 12.36% 1,304,461

10 Years SIP 1,200,000.00 14.86% 2,610,009 12.57% 2,309,823 12.03% 2,243,502

Since Inception* 2,170,000.00 15.32% 10,304,568 15.63% 10,666,657 14.70% 9,630,959

SIP Performance

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 Rs. 10,000/- made at the beginning of relevant period. Performance of the dividend option for the investors would be net of dividenddistribution tax, as applicable. Mr. PVK Mohan manages total of 9 schemes. Please refer slide no. 14 for annexure of returns for all scheme managed by the fund manager.Data as on 30th Nov 2018. Different plans shall have a different expense structure. The returns shown under SIP are calculated using XIRR approach (CAGR Returns) assuming investment of Rs. 10,000/- on the1st 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 thetransactions. Load is not taken into consideration for computation of performance.Mr. PVK Mohan as a Fund Manager managing Since September 2010 & Mr Siddarth Mohta is (Associate Fund Manger ) managing Since August 2018.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 notguaranteeing or promising or forecasting any returns. SIP does not assure a profit or guarantee protection against a loss in a declining market.

Fund Facts (as on Nov 30, 2018)

Stock Name % of NAV

HDFC Bank Ltd. 5.21

ICICI Bank Ltd. 4.78

Reliance Industries Ltd. 4.17

ITC Ltd. 3.74

Tata Consultancy Services Ltd. 3.43

Larsen & Toubro Ltd. 3.01

Tata Power Company Ltd. 2.89

State Bank of India 2.74

Marico Ltd. 2.41

Infosys Ltd. 2.40

Top 10 StocksTop 10 Sectors (% of NAV)

Market Capitalization (% of NAV)

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.

57.40

13.95

19.75

1.23

0.12

0.81

6.74

Large Cap

Mid Cap

Small Cap

Others

Treasury Bill

Mutual Funds

Cash & Other Assets

19.76

12.94

8.14 5.44

5.28

4.79

4.17

4.16 4.13

3.69 BanksConsumer Non DurablesSoftwareConstruction ProjectPowerFinancePetroleum ProductsPharmaceuticalsCementAuto

At Principal we firmly believe:

3 key attributes distinguish superior stock selection : ▪ Sustainable Fundamental Change▪ Rising Investor Expectations▪ Attractive Relative Valuations

Bottom-up stock selection is the most reliable and repeatable source of consistent investment performance

Integration of traditional and quantitative fundamental research▪ Breadth through a sophisticated comparative stock selection framework▪ Depth through focused due diligence and expertise

Our Investment Philosophy

Our Investment Process

Idea Generation

Preliminary Screening

Research & Analysis

Portfolio Construction

Portfolio Monitoring

Do

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n

Ris

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an

ag

emen

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Benchmark Aware, Risk Controlled Process backed by Global Best Practices

Performance Attribution

Liquidity Analysis

Limit Report

Sector Active Weights

Coverage Ratio

Nature of Scheme An open ended equity scheme investing across large cap, mid cap, small cap stocks.

Inception date (Regular Plan) 25th October, 2000.

Investment Objective To achieve long – term capital appreciation

Fund ManagerMr. PVK Mohan (managing since September 2010)Mr. Siddarth Mohta (managing since August 2018).

Investment Plan Direct & Regular.

Investment Options Growth & Dividend.

Min Application Amount

▪ New Investor – Rs.5,000/- for both Dividend and Growth Option and any amount thereafter under eachPlan/Option.

▪ Existing Investor – Rs. 1,000/- and any amount thereafter under each Plan/Option.▪ Systematic Investment Plan: Minimum twelve installments of Rs. 500/- each.▪ Systematic Transfer Plan: Minimum Six installments of Rs. 1,000/- each.▪ Regular Withdrawal Plan: Minimum Six installments of Rs.500/- each.

Benchmark NIFTY 500

Load Structure▪ If redeemed on or before 365 days from the date of allotment – 1%▪ Nil thereafter

Fund Manager

Mr. PVK Mohan joined Principal Asset Management Pvt. Ltd.(formerly known as Principal PNB Asset ManagementCompany Pvt. Ltd.) as Head Equity in June 2010. He as spent over 25 years in equity research and fundmanagement. Previously, he was associated with ICICI Prudential Mutual Fund, DSP BlackRock Mutual Fund andIL&FS Mutual Fund. He is a B.Tech and holds a PGDM

Associate Fund Manager

Mr. Siddarth Mohta has been part of Principal Asset Management Pvt. Ltd. (formerly known as Principal PNB AssetManagement Company Pvt. Ltd.) since 2009. He has over 14 years of experience in Finance and Stock Markets. Priorto joining Principal, he worked as an Analyst in Adventity Global Services, ICRA Management Consulting Services,and Polaris Software Ltd. He is a B.Com and a Post Graduate Diploma in Management in Finance and CertifiedFinancial Risk Management

Past performance may or may not be sustained in future. Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan - Growth option. Returns (in %) are calculated on Compounded Annualised Basis (CAGR).P.V.K. Mohan also manages Principal Balanced Advantage Fund - Equity Portion and Principal Personal Tax Saver Fund (w.e.f. July 01, 2017), Principal Hybrid Equity Fund - Equity Portion since May 2010, Principal Equity Savings Fund – Equity Portion w.e.f. June 23, 2016, Principal Tax Savings Fund (w.e.f. September 2010) and Principal Retirement Savings Fund (Conservative Plan-Progressive Plan-Moderate Plan) (w.e.f. June 2018)*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.$ Principal Tax Savings Fund & Principal Personal Tax Saver Fund - 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.** The equity component of CRISIL Hybrid 35+65 - Aggressive Index is represented by total returns variant of S&P BSE 200.Principal Retirement Savings Fund (Conservative Plan, Progressive Plan & Moderate Plan) was launched on 14th Dec 2015 and is yet to complete 3 years & 5 years of performance.Mr. Siddharth Mohta also manages Principal Multi Cap Growth Fund since Aug 2018.

Periods 1 Year CAGR (%) 3 Years CAGR (%) 5 Years CAGR (%) Since Inception CAGR (%) Date of Inception

Principal Tax Savings Fund -7.02 12.36 18.13 16.2431/03/1996

Nifty 500 Index - TRI$ 0.74 12.24 15.12 13.55

Principal Personal Tax Saver Fund -6.53 7.80 13.33 19.4231/03/1996

Nifty 500 Index - TRI$ 0.74 12.24 15.12 13.55

Principal Balanced Advantage Fund (Equity Portion) 4.18 6.93 11.64 9.38

16/12/201050% Nifty 100 TRI Index + 35% CRISIL Short Term Bond Index + 15% Nifty Arbitrage Index

5.48 9.74 11.00 8.84

Principal Hybrid Equity Fund (Equity Portion) -0.56 13.43 16.14 11.2314/01/2000

CRISIL Hybrid 35+65 - Aggressive Index** 3.89 11.02 13.07 -

Principal Equity Savings Fund (Equity Portion) 2.13 7.07 7.60 7.8923/05/2002

30% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 7.57 8.83 9.51 9.89

Principal Retirement Savings Fund (Conservative Plan) 1.89 - - 6.8514/12/2015

30% Nifty 50 - TRI + 70% CRISIL Liquid Fund Index 7.57 - 9.00 9.30

Principal Retirement Savings Fund (Progressive Plan) -1.22 - - 10.1114/12/2015

Nifty 200 Full Marketcap Index 3.35 12.54 14.71 14.07

Principal Retirement Savings Fund (Moderate Plan) 0.53 - - 7.6414/12/2015

CRISIL Hybrid 35+65 - Aggressive Index** 3.89 11.02 13.07 12.04

Data as on Nov 30, 2018.

DISCLAIMER: The investment strategy stated above may change from time to time without any notice and shall be in accordance with the strategy as mentioned in the SchemeInformation Document of the scheme. The views contained herein are not to be taken as an advice or recommendation to buy or sell any investment or interest thereto. Relianceupon information in this material is at the sole discretion of the reader. This material should not be relied upon by you in evaluating the merits of investing in any securities orproducts. Diversification does not guarantee investment returns and does not eliminate the risk of loss. It should be noted that the value of investments and the income from themmay fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Past performance may or may not be sustainedin future. The views and strategies described may not be suitable for all investors. Furthermore, whilst it is the intention to achieve the investment objective of the investmentproduct(s), there can be no assurance that those objectives will be met. Investors are advised to consult their Investment advisors for determining their risk appetite and Tax Advisorbefore taking any investment decision.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

For Distributors only and not for further circulation