|
||||||||||||
| ESCORTS MUTUAL FUND | ||||||||||||
| HALF YEARLY FINANCIAL RESULTS FOR THE PERIOD ENDED 31ST MARCH 2006 | ||||||||||||
| S.No. | Particulars | Escorts Income Plan | Escorts Opportunities Fund | Escorts Growth Plan | Escorts Income Bond | Escorts Tax Plan | Escorts Gilt Plan | Escorts Balanced Fund | Escorts Liquid Plan | Escorts Floating Rate Fund | ||
| 1.1 | Unit Capital at the beginning of the half year period | (Rs. in Cr.) | 14.08 | 55.93 | 1.38 | 1.95 | 0.79 | 6.10 | 3.08 | N.A | N.A | |
| Unit Capital at the end of the period | (Rs. in Cr.) | 9.69 | 61.95 | 3.21 | 1.84 | 1.24 | 6.08 | 3.51 | 4.01 | 4.12 | ||
| 2 | Reserves & Surplus | (Rs. in Cr.) | 7.71 | 50.23 | 3.01 | 1.30 | 0.76 | 2.58 | 2.51 | 0.11 | 0.04 | |
| 3.1 | Total Net Assets at the beginning of the half year period | (Rs. in Cr.) | 26.04 | 90.25 | 2.48 | 2.86 | 1.20 | 8.51 | 5.29 | N.A | N.A | |
| 3.2 | Total Net Assets at the end of the period | (Rs. in Cr.) | 17.40 | 112.18 | 6.22 | 3.14 | 2.00 | 8.66 | 6.02 | 4.11 | 4.16 | |
| 4.1 | NAV at the beginning of the half year period | (Rs.) | 10.06(D) 21.28(G) 11.20 (B) | 13.82(D) 21.38(G) | 15.13(D) 38.75(G) | 13.65(D) 16.17(G) | 13.13(D) 29.56(G) | 12.80(D) 13.99(G) | 14.16(D) 33.82(G) | N.A | N.A | |
| 4.2 | NAV at the end of the period | (Rs.) | 10.03(D) 21.63(G) 11.39 (B) | 15.42(D) 25.18(G) | 15.29(D) 52.06(G) | 15.30(D) 18.13(G) | 13.74(D) 39.08(G) | 13.06(D) 14.28(G) | 13.78(D) 42.58(G) | 10.26(D) 10.26(G) | 10.10(D) 10.10(G) | |
| 4.3 | Dividend paid per unit during the half year | (Rs.) | 0.21 | 0.75 | 5.00 | - | 3.50 | - | 4.00 | - | - | |
| Income | ||||||||||||
| 5.1 | Dividend | (Rs. in Cr.) | - | 0.11 | 0.01 | - | 0.01 | - | 0.01 | - | - | |
| 5.2 | Interest | (Rs. in Cr.) | 1.16 | 2.06 | - | 0.10 | - | 0.36 | 0.11 | 0.13 | 0.02 | |
| 5.3 | Profit / (Loss) on sale / redemption of investments (other than inter scheme transfer / sale) | (Rs. in Cr.) | (0.32) | 5.91 | 0.91 | 0.15 | 0.25 | (0.01) | 1.16 | (0.01) | - | |
| 5.4 | Profit / (Loss) on inter scheme transfer / sale of investments | (Rs. in Cr.) | (0.12) | (0.02) | 0.11 | - | - | - | 0.04 | - | - | |
| 5.5 | Other Income | 0.03 | ||||||||||
| 5.5.1 | Net Derivatives Income | (Rs. in Cr.) | (0.16) | (1.59) | (0.10) | (0.04) | (0.05) | - | (0.06) | - | - | |
| 5.5.2 | Unrealised Appreciation / (Depreciation) in Value of Investments | (Rs. in Cr.) | (0.02) | 12.84 | 0.90 | 0.17 | 0.25 | (0.11) | 0.36 | - | - | |
| 5.6 | Total Income (5.1 to 5.5) | (Rs. in Cr.) | 0.57 | 19.32 | 1.83 | 0.38 | 0.46 | 0.24 | 1.61 | 0.12 | 0.02 | |
| Expenses | ||||||||||||
| 6.1 | Management Fees | (Rs. in Cr.) | 0.14 | 0.61 | 0.03 | 0.01 | 0.01 | 0.02 | 0.04 | 0.01 | 0.0009 | |
| 6.2 | Trustee Fees | (Rs. in Cr.) | - | 0.02 | - | - | - | - | - | - | - | |
| 6.3 | Total recurring Expenses (including 6.1 and 6.2) | (Rs. in Cr.) | 0.25 | 1.21 | 0.06 | 0.03 | 0.01 | 0.07 | 0.07 | 0.01 | 0.00 | |
| 6.4 | Percentage of Management Fees to daily/ weekly average net assets | % | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 0.50 | 1.25 | 0.30 | 0.30 | |
| 6.5 | Total recurring expenses as a percentage of daily/ weekly average net assets | % | 2.25 | 2.50 | 2.50 | 2.25 | 2.50 | 1.50 | 2.50 | 0.50 | 0.50 | |
| 7.1 | Returns during the half year** (Figures shown in Brackets are Negative) | % | 1.68 | 17.79 | 34.36 | 12.11 | 32.23 | 2.07 | 25.93 | 2.62 | N.A | |
| 7.2 | Compounded Annualised yield in case of schemes in existence for more than 1 year*** | |||||||||||
| (i) Last 1 year | % | 3.90 | 32.62 | 84.92 | 23.44 | 66.42 | 4.17 | 61.20 | N.A | N.A | ||
| (ii) Last 3 years | % | 6.10 | 28.31 | 63.76 | 18.24 | 59.35 | 4.01 | 50.12 | N.A | N.A | ||
| (iii) Last 5 years | % | 8.94 | 20.29 | 39.09 | 5.53 | 35.34 | 7.39 | 33.61 | N.A | N.A | ||
| (iv) Since launch of the scheme | % | 10.30 | 19.72 | 38.09 | 6.45 | 25.20 | 7.22 | 32.77 | 5.42 | 4.02 | ||
| Date of Launch | 18.05.98 | 12.02.2001 | 19.02.2001 | 23.09.1996 | 08.03.2000 | 19.02.2001 | 19.02.2001 | 27.09.2005 | 26.12.2005 | |||
| 8 | Provision for doubtful Income / Debts (Total as on 31-03-2006) | (Rs. in Cr.) | - | - | - | 3.25 | - | - | - | - | - | |
| 9 | Payments to associate / group companies | (Rs. in Cr.) | 0.01 | 0.11 | - | - | - | - | - | - | ||
| 10 | Investments made in associate / group companies | (Rs. in Cr.) | - | - | - | - | - | - | - | - | - | |
| Notes: | ||||||||||||
| 1 | There is no change in the Accounting Policy during the half year ended 31.03.2006. | |||||||||||
| 2 | Details of transactions with associates in terms of Regulation 25(8) are as under: | |||||||||||
| An amount of Rs.1,57,386/- was paid to Escorts Securities Ltd & Rs.2,627 was paid to Escorts Finance Ltd. towards sale of units of | ||||||||||||
| Escorts Mutual Fund Schemes for the half year ended 31.03.2006. An amount of Rs.11,80,922 /- was paid to Escorts Securities Ltd towards sale | ||||||||||||
| and purchase of securites for the half year ended 31.03.2006. (Escorts Opportunities Fund : Rs.10,48,872/-, Escorts Growth Plan : Rs.31,168/-, | ||||||||||||
| Escorts Tax Plan : Rs.14,215/-, Escorts Balanced Fund : Rs.21,995/-, Escorts Income Bond : Rs.21,396/- , Escorts Income Plan : Rs.43,276 /-) | ||||||||||||
| 3 | Investments made in companies which have invested more than 5% of NAV of the Scheme in terms of Regulation 25(11) are NIL. | |||||||||||
| 4 | Details of large holdings (over 25% of the NAV of the Schemes) are Nil. | |||||||||||
| 5 | Bonus declared during the half period is Nil. | |||||||||||
| 6 | Deferred revenue expenditure written off during the half year ended 31st March 2006 in Escorts Opportunities Fund is Rs.4.31 Lacs | |||||||||||
| 7 | None of the Schemes have borrowed any money during the half year. | |||||||||||
| 8 | Schemes having outstanding exposure in derivatives in excess of 10% of the net assets : | |||||||||||
| Schemes | Outstanding Exposure as % to net assets | |||||||||||
| Escorts Opportunities Fund | 10.95% | |||||||||||
| Escorts Mutual Fund | ||||||||||||
| NAV Performance Vs Benchmark Indices | ||||||||||||
| Equity Oriented Schemes | Debt Oriented Schemes | |||||||||||
| Period | Escorts Tax Plan | Escorts Growth PLAN | Nifty | Escorts Income Plan | Escorts Income Bond | Crisil Composite Bond Fund Index | ||||||
| Last 6 months | 32.23 | 34.36 | 30.80 | 1.68 | 12.11 | 0.58 | ||||||
| Last 1 year | 66.42 | 84.92 | 67.15 | 3.90 | 23.44 | 3.30 | ||||||
| Last 3 years | 59.35 | 63.76 | 51.52 | 6.10 | 18.24 | 4.40 | ||||||
| Last 5 years | 35.34 | 39.09 | 24.27 | 8.94 | 5.53 | N.A. | ||||||
| Since launch of the Scheme | 25.20 | 38.09 | 12.49 -ETP, 19.23 - EGP | 10.30 | 6.45 | N.A. | ||||||
| Gilt Scheme | Balanced Schemes | Liquid Scheme | ||||||||||
| Period | Escorts Gilt Plan | I - Sec Mi-BEX | Escorts Opportunities Fund | Escorts Balanced Fund | Crisil Balanced Fund Index | Escorts Liquid Plan | Escorts Floating Rate Fund | Crisil Liquid Fund Index | ||||
| Last 6 months | 2.07 | 1.17 | 17.79 | 25.93 | 17.97 | 2.62 | N.A. | 2.44 | ||||
| Last 1 year | 4.17 | 3.72 | 32.62 | 61.20 | 38.34 | N.A. | N.A. | N.A | ||||
| Last 3 years | 4.01 | 4.80 | 28.31 | 50.12 | 31.60 | N.A. | N.A. | N.A | ||||
| Last 5 years | 7.39 | N.A. | 20.29 | 33.61 | N.A. | N.A. | N.A. | N.A | ||||
| Since launch of the Scheme | 7.22 | N.A. | 19.72 | 32.77 | N.A. | 5.42 | 4.02 | 5.04-ELP, 5.56-EFR | ||||
| For ESCORTS MUTUAL FUND | For ESCORTS ASSET MANAGEMENT LTD. | |||||||||||
| (Trustee: Escorts Investment Trust Ltd. | ||||||||||||
| RAJAN NANDA | ||||||||||||
| CHAIRMAN | DIRECTOR | DIRECTOR | DIRECTOR | |||||||||
| K. K. MITAL | ||||||||||||
| PLACE: NEW DELHI | Fund Manager | |||||||||||
| DATE: 26-04-2006 | DATE: 25-04-2006 | |||||||||||