The Board of Directors of JS Investments Limited (JSIL), the management company of JS Income Fund (JSIF) and JS Aggressive Income Fund (JSAIF), in a meeting held here on Monday approved interim dividends for both funds for the quarter ended Sept. 30.

An interim payout of Rs 3.05 per unit of the par value of Rs 100 for JSIF was announced at the board meeting. In addition to this, for the unit holders of JSAIF, an interim payout of Rs 2.75 per unit of the par value of Rs 100 was also announced by the Board of Directors.

Unit holders, who have opted for cash payout, will receive cash payment while those who have opted for bonus units will be allocated accordingly on the ex-bonus price as of September 30. The above entitlement will be paid to the unit holders, whose names appear in the register of unit holders at the close of business on Sept. 30.

"We are proud of the fact that income funds being managed by JSIL are amongst the best performing income funds of the industry with JS Income Fund at the top of the league table", said Najam Ali, CEO - JSIL. "We are extremely encouraged by these results, which have been achieved despite turbulent economic and market conditions, and hope to continue the exceptional performance throughout the current financial year", he further added.