ESCORTS MUTUAL FUND          
ESCORTS INCOME PLAN          
REVENUE ACCOUNT FOR THE YEAR ENDED  MARCH 31, 2010        
           
  SCHEDULE FOR THE YEAR ENDED   FOR THE YEAR ENDED  
    MARCH 31, 2010   MARCH 31, 2009  
    ( Rs.)   ( Rs.)  
           
INCOME & GAINS          
           
Interest 6 3,815,191   5,477,152  
Profit on Sale/Redemption of Investments   244,795                                     221,610  
(Other than Inter-Scheme Transfer/Sale)          
Profit on Inter-Scheme Transfer/Sale of Investments   396,792                                  1,204,579  
    ----------------------------   ----------------------------  
Total Income   4,456,778   6,903,341  
    ----------------------------   ----------------------------  
EXPENSES & LOSSES          
           
Investment Management & Advisory Fees                                             644,438   821,718  
Loss on Sale/Redemption of Investments                                                      -                                         15,260  
(Other than Inter-Scheme Transfer/Sale)          
Loss on Inter-Scheme Transfer/Sale of Investments                                             326,884   357,652  
Trusteeship Fees                                                 23,369   29,334  
Audit Fees                                               14,373   12,695  
Custodian Fees                                               14,205                                       18,853  
Registrar's Out of pocket Expenses                                               14,956                                       20,800  
Sundry Balances Written off                                                      -                                           4,235  
Fringe Benefit Tax                                                      -                                           3,543  
Other operating expenses 7                                           319,428                                     459,722  
     ----------------------------    ----------------------------  
                                           1,357,653                                  1,743,812  
Less: Expenses to be Re-imbursed by Asset Management Company                                                      -                                         46,643  
     ----------------------------    ----------------------------  
Total Expenses                                          1,357,653   1,697,169  
    ----------------------------   ----------------------------  
NET SURPLUS/(DEFICIT) FOR THE YEAR   3,099,125   5,206,172  
Net Change in Unrealised Appriciation/(Depriciation) in the    value of Investments 8 501,360                                     731,301  
Equalisation Account    (9,447,739)                                  3,014,421  
Dividend    (252,218)   (236,992)  
    ----------------------------   ----------------------------  
Retained Surplus/(Deficit) carried forward to Balance Sheet   (6,099,472)   8,714,902  
    ----------------------------   ----------------------------  
           
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      
Chartered Accountants (TRUSTEE: ESCORTS INVESTMENT TRUST 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  :