Platinum card

HSBC India has launched a platinum credit card targeted at people with high disposable income. The card offers a welcome gift of a Mont Blanc Pen or 5000 reward points. Cardholders will get additional points when they make purchases outside the country. These reward points can be redeemed against articles from lifestyle brands such as Tag Heuer and Tanishq. Cardholders can avail up to a 50 per cent discount on business class tickets, free gifts on international air travel, special packages on room rates and discounts on car rentals. The interest rate on credit is 2.75 per cent per month. There is a joining fee of Rs 1,999 and annual membership fee of Rs 3,999.

SBI dividend

SBI Mutual Fund has declared a dividend of 25 per cent for the Emerging Business Fund and a 6 per cent dividend for SBI Arbitrage Opportunities Fund. The record date for the payout has been fixed as March 28.

ICICI Pru launch

ICICI Prudential Life Insurance company has launched R.I.C.H. fund, through which policyholders can invest in natural resources, manufacturing and capital goods, consumer durables, media and entertainment, biotechnology and pharmaceuticals. The investment will be made through unit linked insurance plans offered by the company.

d will be invested in equity and equity-related securities (maximum 100 per cent and minimum 20 per cent), debt and money market. The fund will benchmark BSE 200 while investing in key growth sectors, as against Nifty 50 for Multiplier and CNX 500 for Flexi Growth options.