ESCORTS MUTUAL FUND
ESCORTS OPPORTUNITIES 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		589,895,353		619,466,141
Reserves and Surplus		2		190,254,975		505,524,584
Current Liabilities and Provisions		3		39,313,088		110,415,451
				-----------------		-----------------
Total				819,463,416		1,235,406,176
				-----------------		-----------------
ASSETS
Investments		4		705,520,414		1,085,487,021
Other Current Assets		5		113,943,002		149,919,155
Deferred Revenue Expenditure		6		-		-
				-----------------		-----------------
Total				819,463,416		1,235,406,176
				-----------------		-----------------
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			755,478,810	24,671,518	694,624,425	430,366,301
(Total Assets-Current Liabilities & Provisions)
Net Asset Value			755,478,810	24,671,518	694,624,425	430,366,301
Number of Units			57,971,704	1,017,831	44,907,007	17,039,607
Net Asset Value per Unit			13.0319	24.2393	15.47	25.26
Significant Accounting Policies & Notes on Accounts		10
As per our report of even date