As per the SEBI directive, effective July 2, 2007 onwards, Permanent Account Number (PAN) issued by Income Tax Authorities has been made the sole identification number for all participants transacting in the securities market, including Mutual Funds, irrespective of the amount of transaction.

Accordingly all investors are also requested to submit a copy of their PAN Card along with the application form and further original PAN card has to be offered for verification at the point of such investment (which will be immediately returned to the investor across the counter post verification) or alternatively certified* copy of the PAN card can be submitted.

To help us expedite your requests for any additional purchase, transaction servicing, and other requests, we recommend that you register your PAN with us. All you have to do is fill the form appended along with this letter and submit it at our nearest Investor Service Centre along with the *certified PAN Card copy

* A copy of PAN card can be certified by any of the distributors of Principal Mutual Fund holding ARN, the identified officials of the Company across all branches/ Investor Service Centres, Bank Managers, or Notary.

In addition to the PAN requirement, for investments of Rs. 50000/- and above in mutual funds the investors will also be required to continue to procure a Know Your Customer (KYC) acknowledgement letter from CDSL Ventures Ltd [the agency appointed by AMFI to assist Mutual Funds to meet with formalities under KYC specified norms, especially concerning verification of identity and address proof for Mutual Fund Investors.] As a majority of Mutual Funds have tied up with CDSL Ventures Ltd., you need to complete these formalities only once across all such participating mutual funds.

If you have already completed your KYC formalities through CDSL Ventures Ltd., please submit a copy of your KYC acknowledgement letter to us along with a list of your folio numbers for verification and update. KYC Acknowledgement Letter Copy also needs to be submitted for Guardians and PoA Holders if units are bought on behalf of a minor or by a POA Holder.

In view of the above directives, it is now mandatory for all existing as well as prospective investors (including Non Residents Indians, joint applicants and guardians ) to furnish a copy of their PAN Card when investing in Mutual Funds including SIPs.

If you do not have a PAN and have not as yet applied for the same or if you may wish to know more about the formalities/procedure for obtaining KYC acknowledgement letter, you can just walk into our nearest Investor Service Centre or call our toll free number 1800 22 5600 for any help and guidance. Alternatively you can email us your query at customer@principalindia.com. You may also visit our website at www.principalindia.com for more details.

DIRECT APPLICATIONS - NIL ENTRY LOAD:

No entry load shall be charged in case of direct applications received by Principal Pnb Asset Management Company Private Limited (AMC), i.e. applications received through internet, submitted to AMC or collection centre / Investor Service Centre that are not routed through any distributor / agent / broker. This shall be applicable for investments in all the existing schemes with effect from January 4, 2008 and also for additional purchases done directly by an investor under the same folio and switch-in to a scheme from other schemes if such a transaction is done directly by the investor.

Note:
Applications preferred through Principal Website and applications where the broker name and code is left blank, shall be treated as DIRECT Applications.