ESCORTS   MUTUAL FUND              
ESCORTS FIXED MATURITY PLAN            
REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31, 2009          
             
  SCHEDULE   FOR THE YEAR ENDED      
      MARCH 31, 2009      
      ( Rs.)      
             
INCOME & GAINS            
             
Interest   6                                                                    1,049,946      
Profit on Inter-Scheme transfer/sale                                                                                  204      
       ----------------------       
Total Income                                                                        1,050,150      
      ----------------------      
EXPENSES & LOSSES            
             
Loss on Sale on Inter Scheme                                                                               2,243      
Investment Management & Advisory Fees                                                                             51,717      
Trusteeship Fees                                                                                 6,882      
Audit Fees                                                                               1,655      
Custodian Fees                                                                               3,327      
Registrar fees                                                                               1,311      
Other Operating Expenses   7                                                                       (17,669)      
Fringe Benefit tax                                                                                  225      
       ----------------------       
                                                                              49,691      
Less: Expenses to be Re-imbursed                                                                                4,893      
by Asset Management Company     ----------------------      
Total Expenses                                                                             44,798      
      ----------------------      
NET SURPLUS/(DEFICIT) FOR THE YEAR/PERIOD                                                                        1,005,352      
             
Net Change in Unrealised  Depriciation in Value of Investments   8                                                                         (9,116)      
Equilisation  Account                                                                         (132,461)      
      ----------------------      
Retained Surplus/(Deficit) carried forward to Balance Sheet                                                                           863,775      
      ----------------------      
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 TRUST LTD.) MANAGEMENT LTD.    
             
             
        (LALIT K. KHANNA)    
(SURESH SETH)   (RAJAN NANDA)   DIRECTOR    
PARTNER   CHAIRMAN        
MEMBERSHIP NO -10577            
             
    (DR. RAKESH KHURANA) (S.C. KUCHHAL)    
    DIRECTOR   DIRECTOR    
             
             
             
PLACE : NEW DELHI            
DATE  : 22.07.2009