ESCORTS INCOME PLAN      
           
S. NO. NAME OF THE INSTRUMENT RATING SUB INDUSTRY QUANTITY  MKT VALUE  % to NAV
         (Rs. in Lakhs)   
EQUITY & EQUITY RELATED          
(a) Listed / awaiting  listing on Stock Exchanges          
           
1 BHARAT ELECTRONICS LIMITED N.A. Industrial Electronics 1100                                  14.57 0.84
2 CIPLA INDIA LTD N.A. Pharmaceuticals 4000                                  26.49 1.52
3 MAHANAGAR TELEPHONE NIGAM LTD N.A. Telecom Sevices 6400                                  11.75 0.68
           
(b) Unlisted     NIL  NIL  NIL
           
Total                                        52.81                3.04
           
DEBT INSTRUMENTS          
(a) Listed / awaitinglisted on Stock Exchanges          
           
4 13.75% KARNATKA STATE FINANCE CORP. 2007 AA- N.A.                    230                                238.56              13.71
5 CITI FINANCE CONSUMER FINANCE INDIA LTD AAA N.A.                      22                                216.49              12.44
6 7.13% LIC HOUSING FINANCE LTD AAA N.A.                      20                                197.82              11.37
7 12.25% MSDL 2009 Sovereign N.A.             142,000                                161.06                9.26
8 13.54% HPRIDC 2008 Unrated N.A.                      16                                160.02                9.20
9 13.75% KSFC 2007 A+ N.A.                    147                                151.88                8.73
10 13% HUDCO 2007 AA- N.A.                    110                                116.33                6.69
11 11.85%  MSDL 2009 Sovereign N.A.             100,000                                113.68                6.53
12 7.25% ICICI SECURITIES LTD AAA N.A.                        1                                  98.45                5.66
13 11.58% HPSEB Unrated N.A.                      16                                  80.86                4.65
14 13.75% KSEB 2006 A+ N.A.                      25                                  12.70                0.73
15 13% KARNATKA STATE FINANCE CORP. 2007 AA- N.A.                        6                                    6.33                0.36
16 10.75% TIDCO 2009 A+(so) N.A.                        3                                    3.03                0.17
17 UTTAR HARYANA BIJLI VIDUT NIGAM  A N.A.                        3                                    2.43                0.14
18 KERLALA POWER FINANCE CORP. LTD A N.A.                        2                                    2.01                0.12
           
(b) Unlisted / Privately Placed     Nil Nil Nil
           
           
           
Total                                   1,561.65              89.76
           
           
MONEY MARKET INSTRUMENTS          
           
24 Money at call         Nil   Nil 
           
OTHERS          
Other Receivables / (Payable)                                      125.39              10.24
           
           
Grand Total                                   1,739.85            100.00
           
Notes :-          
           
1 Total NPA provided for is NIL.           
2 Total value and percentage of illiquid equity shares is NIL          
3 NAV as on  30-09-2005   Dividend Option is Rs. 10.0685          
                                   Growth Option  is Rs.  21.2766          
                                   Bonus Option  is Rs.   11.2032          
4 NAV as on  31-03-2006   Dividend Option is Rs. 10.0251          
                                   Growth Option  is Rs.  21.6337          
                                   Bonus Option  is Rs.   11.3936          
5 Dividend declared during the period is Rs. 0.21 Per Unit. Bonus declared is Nil.      
6 Total outstanding exposure in derivatives instruments as on 31-03-2006 is 49.58 Lacs      
7 Total Investments in foreign securities/ADRs / GDRs as on 31-03-2006 is NIL      
8 The Average Maturity period is 2.24 Years