KARACHI - The Board of Directors of JS Investments Limited, the Management Company of JS Growth Fund, a closed-end equity fund, has approved interim cash dividends of 7.5pc, ie Re 0.75 per certificate. In addition, JS Growth Fund reported a net income of over Rs66 million for the nine months ended March 31, 2011. This translates into earnings per certificate of Rs2.18. The net assets of the fund as at were Rs3.3 billion. The net asset value per certificate registered a 24.7pc increase during the nine month period ended March 31, 2011 compared to its benchmark KSE 30 Index which increased by 21pc, thus outperforming the benchmark by 3.7pc.