ESCORTS MUTUAL FUND                          
ESCORTS FLOATING RATE FUND                        
BALANCE SHEET AS AT MARCH 31, 2007                        
                       
SCHEDULE   AS AT   AS AT              
    MARCH 31, 2007   MARCH 31, 2006              
           ( Rs. )        ( Rs. )              
LIABILITIES                        
                       
Unit Capital 1   1,217,985   41,208,003              
Reserves and Surplus 2   78,667   414,747              
Current Liabilities and Provisions 3   11,742   19,427              
      ----------------------   ----------------------              
Total     1,308,394   41,642,177              
                       
    ----------------------   ----------------------              
ASSETS                          
                       
Investments 4   1,192,678                                                  13,244,247              
Other Current Assets 5   115,716                                                  28,397,930              
    ----------------------   ----------------------              
Total     1,308,394                                                  41,642,177                
    ----------------------   ----------------------                
                       
                           
RECONCILIATION TO NET ASSET VALUE PER UNIT :                        
  DIVIDEND OPTION GROWTH OPTION DIVIDEND OPTION GROWTH OPTION              
  (Rs.) (Rs.) (Rs.) (Rs.)              
                       
Net Asset Value as per Balance Sheet                        
(Total Assets-Current Liabilities & Provisions)                                          97,021                                   1,199,631                                                     -                                                  41,622,750