ESCORTS MUTUAL FUND
ESCORTS INCOME BOND
BALANCE SHEET AS AT MARCH 31, 2010
	SCHEDULE		AS AT		AS AT
			MARCH 31, 2010		MARCH 31, 2009
			( Rs. )		( Rs. )
LIABILITIES
Unit Capital	1		19,366,167		14,193,926
Reserves and Surplus	2		25,658,317		16,200,249
Current Liabilities and Provisions	3		1,215,623		1,105,784
			----------------------		----------------------
Total			46,240,107		31,499,959
			----------------------		----------------------
ASSETS
Investments	4		43,201,887		13,611,518
Other Current Assets	5		3,038,220		17,888,441
			----------------------		----------------------
Total			46,240,107		31,499,959
			----------------------		----------------------
								-
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)		19,477,182	25,547,302	11,827,809	18,566,366
Net Asset Value		19,477,182	25,547,302	11,827,809	18,566,366
Number of Units		891,037	1,045,580	610,536	808,857
Net Asset Value per unit		21.8590	24.4336	19.3728	22.9538
Significant Accounting Policies & Notes to the Accounts	9
The Schedules referred to above form an integral
part of the Balance Sheet.
As Per our report on even date
For S.N. DHAWAN & CO.	For ESCORTS MUTUAL FUND			For ESCORTS ASSET
Chartered Accountants	(TRUSTEE: ESCORTS INVESTMENT TRUST LTD.)			MANAGEMENT LTD.
Regn. No. 000050N
(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  :
		DI. OPTION	GR. OPTION
		(Rs.)	(Rs.)
NAV AS ON 31.03.2010		21.7749	24.3396
Units AS ON 31.03.2010		891,036.74	1,045,580.01	1,936,616.74
Net Assets		19,402,235.87	25,448,999.09	44,851,234.96
Percentage		43.26	56.74	100.00