ESCORTS MUTUAL FUND
ESCORTS BALANCED FUND
REVENUE ACCOUNT FOR THE YEAR ENDED  MARCH 31, 2010
		SCHEDULE	FOR THE YEAR		FOR THE YEAR
			ENDED		ENDED
			MARCH 31, 2010		MARCH 31, 2009
			( Rs.)		( Rs.)
INCOME & GAINS
Interest		6	629,290		1,068,647
Profit on Sale/Redemption of Investments			8,738,617		775,402
(other than Inter-Scheme Transfer/Sale)
Profit on Inter-Scheme Transfer/Sale			561,777		403,370
Dividend			251,560		228,871
Profit on Equity Stock Option			306,976		3,000,150
			-		-
Total Income			10,488,220		5,476,440
			-		-
EXPENSES & LOSSES
Loss on Sale/Redemption of Investments		7	553,061		16,178,752
(other than Inter-scheme transfer/sale)
Loss on Sale on Inter Scheme			1		173,714
Loss on Equity Stock Option			370,418		3,569,772
Sundry Balance Written Off			-		-
Investment Management & Advisory Fees			398,902		373,060
Trusteeship Fees			15,086		13,904
Audit Fees			7,135		5,964
Custodian Fees			8,890		8,064
Other Operating Expenses			225,555		226,180
Fringe Benefit Tax			-		1,605
			-		-
			1,579,048		20,551,015
Less: Expenses to be Reimbursed by the Asset Management Company			-		29,710
			-		-
Total Expenses			1,579,048		20,521,305
			-		-
NET SURPLUS/(DEFICIT) FOR THE YEAR			8,909,172		(15,044,865)
Net Change in Unrealised Appreciation / (Depreciation) in Value of Investments		8	4,093,614		3,410,022
Equalisation Account			(774,503)		(157,262)
			-		-
Retained Surplus/(Deficit) carried forward to Balance Sheet			12,228,283		(11,792,105)
			-		-
Significant Accounting Policies & Notes to the Accounts		9
The Schedules referred to above form an
integral part of the Revenue Account
As Per our report of even date
For S.N. DHAWAN &CO.	For ESCORTS MUTUAL FUND			For ESCORTS ASSET
Chartered Accountants	(TRUSTEE: ESCORTS INVESTMENT			MANAGEMENT LTD.
Regn. No. 000050N	TRUST LTD.)
(SURESH SETH)	(RAJAN NANDA)			(LALIT K. KHANNA)
PARTNER	CHAIRMAN			DIRECTOR
MEMBERSHIP NO - 10577
	(DR. RAKESH KHURANA)			(S.C. KUCHHAL)
	DIRECTOR			DIRECTOR
PLACE : NEW DELHI
DATE  :