New Delhi: There are four ways in which you can buy stocks of Artificial Intelligence (AI) stock Nvidia from India. First is through domestic stock brokers which allow you to open international trading accounts. Second is that you can open an overseas account with domestic stock brokers which have collaborations with financial institutions in the United States. The third method is that you directly open an account with international brokerage firms. And the fourth method is that you choose the mutual fund route. Let’s explore all these four options and see how to invest Nvidia from India:
International Trading A/C via domestic stock brokers
Many stock brokers in India would allow you to open an international trading account. After submission of the requisite KYC documents, you can easily open such an account with domestic brokerage firms and directly invest in shares of Nvidia. The technology stock is listed on the US’s benchmark stock market index, Nasdaq. Stock brokers in India which facilitate opening of such accounts are Groww, Angel One , etc.
Overseas accounts via domestic stock brokers
Many domestic brokerage firms have collaborated with international financial institutions to let investors open an overseas account. Citizens can open such accounts to buy shares of companies located in foreign countries. Examples of such stock brokers are ICICI Direct, HDFC Securities, Kotak Securities, Axis Securities, etc.
International brokerage firms
The third method is that you visit the websites of international brokers and open a trading account directly there. Brokers with facilitate such account openings are Charles Schwab, Ameritrade, Interactive Brokers, etc. You can easily open such trading accounts with such international brokers and invest in stocks like Nvidia.
Mutual funds
There are mutual funds that invest people’s money in foreign stocks. Such funds are called international mutual funds. One can buy units of these funds and indirectly invest in foreign stocks. So, if you want to invest in NVIDIA from India, you can indirectly do that if you purchase units of such schemes.
Currently, international mutual funds which have invested in Nvidia are from Asset Management Companies (AMCs) houses like Axis, ICICI, Mirae and Motilal Oswal.
Why are Nvidia stocks in focus?
The share price of Nvidia has given returns of more than 200 per cent in the last 1 year. On Friday, the stock closed at $1,208 apiece on the Nasdaq. Recently, the stock of the technology company has been in the limelight as the world’s biggest AI companies like ChatGPT, Google, Microsoft are dependent upon Nvidia for manufacture of Graphic Processing Units (GPUs), without which AI cannot be implemented in business operations. Nvidia enjoys monopoly in the manufacture of GPUs. AI-based companies’ dependence on Nvidia for supply of GPUs has driven the rally in the stock.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Risk savvy investors can invest through international mutual funds route to have indirect exposure to the US based techology stock, Nvidia. Mutual funds which have invested in US based AI boom stock are from Asset Management Companies (AMCs) houses like Axis, ICICI, Mirae and Motilal Oswal. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
