ESCORTS MUTUAL FUND
ESCORTS INFRASTUCTURE FUND
BALANCE SHEET AS AT MARCH 31, 2009
		SCHEDULE		AS AT		AS AT
				MARCH 31, 2009		MARCH 31, 2008
				( Rs. )		( Rs. )
LIABILITIES
Unit Capital		1		99,316,060		113,693,550
Reserves and Surplus		2		(49,878,121)		6,043,732
Current Liabilities and Provisions		3		151,225		1,716,170
				----------------------		----------------------
Total				49,589,164		121,453,452
				----------------------		----------------------
ASSETS
Investments		4		31,554,445		107,314,530
Other Current Assets		5		13,897,184		8,038,703
Deffered Revenue Expenditure				4,137,535		6,100,219
				----------------------		----------------------
Total				49,589,164		121,453,452
				----------------------		----------------------
RECONCILIATION TO NET ASSET VALUE PER UNIT :
			DIVIDEND OPTION	GROWTH OPTION	DIV. OPT.	GR. OPT.
			(Rs.)	(Rs.)	(Rs.)	(Rs.)
Net Asset Value as per Balance Sheet
(Total Assets-Current Liabilities & Provisions)			8,901,162	40,536,776	20,521,601	99,215,681
Net Asset Value			8,901,162	40,536,776	20,521,601	99,215,681
Number of Units			1,787,332	8,144,274	1,947,642	9,421,713
Net Asset Value per Unit			4.9801	4.9773	10.54	10.5305
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
		DI	GR
NAV AS ON 31.03.09		$       4.9692	$         4.9664
Units AS ON 31.03.09		$  1,787,332	$    8,144,274	$                          9,931,606
Net Assets		$  8,881,608	$  40,447,724	$                        49,329,333
Percentage		$       18.005	$         81.995