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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The launch is part of HSBC’s global initiative to expand its credit card offerings for private banking clients.
HSBC Prive was first introduced in Hong Kong and will be rolled out in other markets globally.
Key features of HSBC Prive
HSBC Prive is designed for clients with international and entrepreneurial interests.
It offers benefits across travel, access, and lifestyle:
Travel benefits: Companion first or business-class tickets, worldwide airport lounge access, travel insurance, doorstep visa services, and zero forex mark-up on international transactions.
Exclusive access: Memberships to private clubs and lounges, Michelin Star dining experiences, and premium workspaces at over 150 locations worldwide.
Lifestyle perks: Benefits with hospitality groups, exclusive shopping offers, and access to wellness and fitness programs.
Cardholders also receive support from a dedicated team to access these services.
Sandeep Batra, Head of Wealth and Personal Banking at HSBC India, said the card is part of the bank’s broader strategy to meet the needs of its private banking clients.
He noted that HSBC is combining private banking services with additional privileges to match the requirements of this segment.
According to Mastercard, spending by UHNWIs and HNWIs in India has grown significantly. In 2023, credit card spending in this segment increased by 87% compared to the previous year.
Spending on overseas travel and experiences grew by 69% and 56%, respectively.
Gautam Aggarwal, Division President, South Asia at Mastercard, said the collaboration with HSBC aims to address the increasing demand for specialised services among this fast-growing segment in India.
First Published: Dec 10, 2024 10:35 AM IST
