Download Notes - Principal Mutual Funds

Notes:
1(A).
No Scheme was launched during the half-year ended March 31, 2015.
1(B).
Scheme closed / redeemed during the half year ended March 31, 2015
Scheme Name
Launch Date
Redemption Date
21-Feb-14
23-Feb-15
Principal Pnb Fixed Maturity Plan – Series B12
2.
Per unit dividend figures given are net of dividend distribution tax.
3.
Details of borrowings above 10% of the net assets of the scheme by any schemes of Principal Mutual Fund during
the half year ended March 31, 2015 are as follows-
Borrowing exceeding 10% of Net Assets
Name of the Scheme
Amount
Borrowed
(in Rs. Lacs)
Principal Cash
Management Fund
Principal Cash
Management Fund
Principal Cash
Management Fund
Principal Cash
Management Fund
Rate of
interest
Date of
Borrowing
Date of
Repayment
Nature of Borrowing
% to Net
Asset*
18,995.82
8.04%
16-Oct-14
17-Oct-14
#Clearing Corporation
of India Limited
12.01%
13,506.40
7.75%
17-Oct-14
20-Oct-14
#Clearing Corporation
of India Limited
8.57%
5,281.64
7.74%
17-Oct-14
20-Oct-14
#Clearing Corporation
of India Limited
3.35%
#Clearing Corporation
of India Limited
Principal Cash
Loan (Punjab National
27,000.00
10.25%
31-Mar-15
06-Apr-15
Management Fund
Bank)
Principal Cash
Loan against FD
15,500.00
9.30%
31-Mar-15
06-Apr-15
Management Fund
(Allahabad Bank)
*Borrowing as a % to net assets of the scheme is calculated based on the latest available AUM as on the date of
borrowing (i.e. previous day AUM).
#Borrowed through Collateral Borrowing and Lending Obligation.
15,546.17
9.00%
11-Nov-14
12-Nov-14
4.
During the half-year ended March 31, 2015 there has been no change in the Accounting Policies.
5.
During the half-year ended March 31, 2015 various scheme(s) of the Mutual Fund had invested in securities of
the Associate / Group Companies of the Sponsor. The Aggregate Value of Investments made during the half year
ended March 31, 2015 and the Market Value of investment in Associate / Group Companies of the Sponsor as on
March 31, 2015 is given in Annexure I.
The AMC made the above investments on account of their high credit quality and competitive yield for
investment in debt instruments. In case of equity shares, investments were made because of attractive
valuations and good growth of these companies or because these were part of the ‘CNX Nifty Index’. In all cases
these investments were in accordance with the investment objectives and investment strategy of the respective
schemes.
6.
During the half-year ended March 31, 2015, none of the schemes subscribed in the issues lead managed by the
associate companies or subscribed to any issue of equity or debt on a private placement basis where the sponsor
or its associate companies have acted as arranger or manager. Further, during the current Half-year none of the
schemes have undertaken any underwriting obligations with respect to issue of securities of Associate
Companies or devolved with respect to the same.
7.
Other Income represents receipts /payments of miscellaneous nature and also includes load on redemption of
units net off service tax.
13.26%
11.57%
6.64%
8.
None of the Schemes have declared bonus during the half-year ended March 31, 2015
9.
Below mentioned Scheme have exposure in derivative products above 10% of the net assets of the scheme
during the half-year ended March 31, 2015.
Scheme Name
Amount (Rs. In Lacs)
Principal SMART Equity Fund
Percentage to Net Assets
2,946.58
38.03%
10. Details of Investment made in Foreign Securities/Units of Mutual Fund as on March 31, 2015.
Name of the Mutual Fund Scheme
Market value of Investment
(Rs. In Lacs)
Principal Global Investors - Emerging Markets Equity Fund
Total
1,883.97
1,883.97
The total exposure in foreign securities at the end of the period by Principal Global Opportunities Fund is 98.35%
of the schemes assets. There is no exposure in ADR / GDR in any schemes for the half year ended March 31,
2015.
11. Details of transactions with Associates in terms of regulation 25(8) (Please refer to Annexure II)
12. Disclosure under Regulation 25(11) of the Securities and Exchange Board of India (Mutual Funds) Regulations,
1996 as amended: Investments made by Principal Mutual Fund in companies, which hold units in excess of 5% of
the net asset value of any Scheme of Principal Mutual Fund during the period ended March 31, 2015 and its
market value as on March 31, 2015 is given in Annexure III.
13. The Unaudited financial results for the half-year ended March 31, 2015 have been approved by the Board of
Directors of Principal PNB Asset Management Company Pvt Ltd. and Principal Trustee Company Pvt. Ltd. at
their respective meeting held on April 23, 2015 and April 24, 2015 respectively.