Founded on April 5, 1993, Nvidia has become a part of the financial market fables, thanks to its returns and market cap. Investors worldwide have converged on this stock to benefit from the fortunes of this chipmaker and hardware-software giant.
The stock is listed in Nasdaq under the symbol NVDA. However, even sitting in India, investors can easily invest and trade in this stock. By the way, the stock declined 9.53% on September 3 and reached a price of $108.
The first thing that an Indian investor has to get hold of to trade in Nvidia – or any listed security abroad – is to get hold of an international trading account.
How to invest in NVIDIA shares
But before that, please note that for the common man, the easiest way to access the benefits of the Nvidia stock is by investing in Indian mutual funds that, in turn, have invested in this stock. These are Mirae Asset S&P 500 Top 50 ETF FoF (Rs 47 crore in Nvidia shares at end August), ICICI Prudential NASDAQ 100 Index Fund (Rs 73 crore), Motilal Oswal Nasdaq 100 FoF (Rs 299 crore), Kotak Nasdaq 100 FoF (Rs 188 crore), Motilal Oswal S&P 500 Index Fund (Rs 164 crore) and Mirae Asset NYSE FANG+ ETF FoF (Rs 153 crore) and Navi NASDAQ 100 FoF (Rs 58 crore). These are open-ended funds where anyone can invest.
Through online platforms
One can open international trading accounts through online platforms such as Groww and Angel. The application process can be done in minutes. But to invest directly, one has to open an international trading account certain formalities have to be completed. Applicants have to furnish KYC documents (PAN, Aadhaar card, Voter’s Card and/or driving license) and details of bank accounts.
Through brokerage firms
Citizens of India can also open an overseas account through domestic brokerage firms such as ICICI Direct, HDFC Securities, Kotak Securities, Axis Securities.
There is another option, which is opening an account through global brokerage platforms such as Charles Schwab, Ameritrade, Interactive Brokers etc and then invest through that account.
Nvidia share price: The market capitalisation of Nvidia stands at $2.65 trillion or 68% of India’s GDP in FY24. The stock has become a part of stock market fables now. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
