Subsequently, on March 31, 2000, Principal Financi...

Subsequently, on March 31, 2000, Principal Financial Services Inc., USA became the deemed sponsor (along with the
IDBI) by acquiring 50% stake in IDBI-PRINCIPAL Asset Management Company Limited, where after and pursuant to
the SEBI letter dated October 18, 2002 all rights, responsibilities and duties of the Board of Trustees were transferred
in favour of IDBI- Principal Trustee Company Ltd. On June 23, 2003, Principal Financial Services Inc. USA became
the sole sponsor by acquiring 100% stake in IDBI-PRINCIPAL Asset Management Company Limited, through its
wholly owned subsidiary Principal Financial Group (Mauritius) Limited (Principal Mauritius). Principal Mauritius thus
became the sole settlor of the Fund and the name of the Asset Management Company and of the Trustee Company was
changed respectively to Principal Asset Management Company Private Limited and Principal Trustee Company Pvt.
Ltd. to reflect the change in ownership. In tune with the industry standards and practices, Principal Mauritius, the
Settlor, maintains a corpus of Rs. 25 lakh in the Trust in place of the original contribution of Rs 1 lakh and additional
contribution of Rs.24.99 crore vide execution of a supplemental trust deed dated April 16, 2004