ESCORTS MUTUAL FUND              
ESCORTS GROWTH PLAN              
REVENUE ACCOUNT FOR THE YEAR ENDED  MARCH 31, 2009            
               
    SCHEDULE FOR THE YEAR   FOR THE YEAR    
      ENDED   ENDED    
      MARCH 31, 2009   MARCH 31, 2008    
      ( Rs.)   ( Rs.)    
               
INCOME & GAINS              
               
Interest   6                                    496,023                                      110,945    
Profit on Sale/Redemption of Investments                                     3,773,945   26,227,983    
(Other than Inter-Scheme Transfer/Sale)                
Profit on Inter-Scheme transfer/sale                                          68,366                                      234,371                 -  
Dividend                                        269,980                                      299,928    
Profit on Equity Stock Options                                     7,951,658                                   5,749,763    
      -   -    
Total Income                                   12,559,972   32,622,990    
      -   -    
               
EXPENSES & LOSSES              
               
Loss on Sale/Redemption of Investments                                   29,008,326                                 10,878,015    
(Other than Inter-Scheme Transfer/Sale)              
Loss on Inter-Scheme Transfer/Sale                                        456,001                                      684,163    
Loss on Equity Stock Options                                    11,727,839                                   3,973,829    
Investment Management & Advisory Fees                                        504,831                                      661,554    
Trusteeship Fees                                            18,012                                        12,720    
Audit Fees                                            8,283   12,922    
Custodian Fees                                            8,681                                        12,490    
Sundry Balance Written Off                                            2,000                                          3,300    
Other Operating Expenses   7                                    333,936                                      441,033    
Fringe Benefit Tax                                            2,173                                          1,902    
                ---------------------------             ---------------------------    
Total Expenses                                   42,070,082   16,681,928    
                ---------------------------             ---------------------------    
NET SURPLUS/(DEFICIT) FOR THE YEAR                               (29,510,110)   15,941,062    
               
               
Net Change in Unrealised Depreciation in Value of Investments      8                                 3,097,481                                  (3,773,561)    
Equalisation Account                                      1,451,918                                   4,842,948    
Dividend                                                   -                                    (4,958,404)    
                ---------------------------              ---------------------------     
Retained Surplus/(Deficit) carried forward to Balance Sheet                               (24,960,711)   12,052,045    
                ---------------------------              ---------------------------     
               
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.    
               
               
               
(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 : 22.07.2009