How to Buy Nvidia Stocks in India

Introduction

Nvidia has established itself as a global leader in the tech world, particularly in graphics processing units (GPUs) and artificial intelligence (AI). It also boasts a market capitalisation of over $2 trillion, making Nvidia a highly sought-after stock for investors worldwide.

For those in India looking to tap into the potential of this semiconductor powerhouse, it’s entirely possible to invest in Nvidia from here. In this blog, we’ll walk you through everything you need to know about buying Nvidia stock in India, including the steps, risks, and how to track Nvidia’s share price.

Can You Buy Nvidia Stock in India?

If you’re in India and keen on buying Nvidia shares, the good news is that it is possible. Nvidia, a global leader in graphics processing units (GPUs), is listed on the NASDAQ under the NVDA ticker, making it accessible to international investors, including those in India.

While investing in Nvidia from India is relatively simple, some regulatory aspects must be remembered. The Indian government has certain guidelines in place for international investments.

For example, the Liberalised Remittance Scheme (LRS) has an annual limit on how much money can be invested in foreign assets, currently set at $250,000 per year per individual. This means that if you’re planning to invest in Nvidia, you should ensure that you stay within this limit.

How to Buy Nvidia Stock in India – Step-by-Step Guide

​​If you want to invest in Nvidia, you’ve come to the right place. Buying Nvidia stock from India is easier than ever, and I’ll walk you through each step to ensure a smooth process.

Step 1: Research Nvidia Stock

Before making any investment, it’s important to understand what you’re buying. Nvidia is a leader in the technology sector, primarily known for its graphics processing units (GPUs). However, investing isn’t just about knowing the stock price today.

Dive deeper into the company’s financials, leadership, and how it stacks up against competitors. This research will help you determine whether Nvidia aligns with your investment goals.

Step 2: Decide If Nvidia Is a Good Fit for You

Investing in stocks, including how to invest in Nvidia, should be part of your long-term financial strategy. Think about your personal financial goals. Are you ready to invest in a stock for at least five years? If not, you might want to prioritise short-term financial goals first, like paying off debt or building an emergency fund.

Additionally, ensure you have a diversified portfolio. You don’t want all your investments to be in one sector. For instance, if you own several tech stocks, you might want to balance your portfolio with investments in other industries to reduce risk.

Step 3: Open a Brokerage Account

To purchase Nvidia shares, you’ll need a brokerage account. Several online platforms, such as Appreciate, allow you to open an international trading account from India. This account lets you buy US stocks like Nvidia.

If you’re unsure about committing to a full share of Nvidia, some brokers also offer fractional shares, meaning you can buy a portion of Nvidia stock instead of a full share. This makes it easier to start with smaller amounts.

Step 4: Fund Your Account

Once your brokerage account is set up, you must deposit funds. Depending on the platform, you can transfer money directly from your Indian bank account. Check the exchange rate; the Nvidia share price will be listed in US dollars.

Step 5: Place Your Order for Nvidia Shares

Now comes the exciting part — buying the stock. Once your account is funded, search for Nvidia using its NVDA ticker. You’ll then be able to place your order. There are different types of orders you can choose from:

• Market order: This method buys Nvidia stock at the current market price, and it is the easiest method for beginners.
• Limit order: You can specify a price you want to buy, and the order will only be executed if the stock hits that price.
• Stop-loss and stop-limit orders are more advanced options that allow you to limit your losses if the stock price falls.

Once you’ve decided, simply submit the order, and you’ll be on your way to owning Nvidia shares.

Step 6: Monitor Your Investment

After purchasing, it’s essential to monitor your investment. You don’t have to check it every day, but regularly reviewing your portfolio can help you make informed decisions. You might want to follow Nvidia’s earnings reports and news that could impact its stock price.

Also, keep track of the Nvidia share price in India, as fluctuations in the exchange rate can affect the final price in INR.

Methods to Invest in Nvidia from India

If you’re considering investing in Nvidia from India, several pathways are available, each with its advantages. Some of these include:

Direct Investment in Nvidia Stocks (Through Foreign Stockbrokers)

The most straightforward way to buy Nvidia shares is through a foreign broker. This allows you to purchase Nvidia stock directly on US exchanges, such as the Nasdaq, where Nvidia is listed.

1. Choose a Foreign Broker: To invest in Nvidia stock, select a foreign brokerage that allows Indian investors. Some well-known platforms include Interactive Brokers and TD Ameritrade.
   
2. Submit KYC Documents: Foreign brokers typically require identification verification (Know Your Customer or KYC). This includes submitting documents like your PAN card, proof of address, and income details.
   
3. Fund Your Account: You can fund your brokerage account by transferring Indian Rupees (INR) to US Dollars (USD) using a wire transfer or through the RBI’s Liberalised Remittance Scheme (LRS).
   
4. Start Trading: Once your account is set up and funded, you can use the broker’s trading platform to search for Nvidia’s stock (ticker: NVDA) and place your order.

Investing in Nvidia via ETFs and Mutual Funds

If you’re new to investing or want to avoid managing individual stocks, ETFs (Exchange-Traded Funds) and mutual funds that hold Nvidia stock are a good option.

1. ETFs (Exchange-Traded Funds): ETFs allow you to buy a basket of stocks, which may include Nvidia. These are traded like individual stocks but provide instant diversification. You can invest in a technology-focused ETF that holds Nvidia as part of its portfolio.
2. Mutual Funds: Professionals manage Mutual funds, which allocate your money across various stocks, including Nvidia. They are ideal if you prefer a less hands-on approach to investing.

Using Indian Brokers Offering Global Trading

Another option is to use Indian brokers offering global trading platforms. One such platform is Appreciate, which simplifies investing in Nvidia from India.

Here’s how you can go about it:

1. Sign Up with Appreciate: Download the app or visit the platform to open an account. Appreciate makes it easy for Indian investors to access global markets, including Nvidia stock.
2. Complete KYC: Provide the necessary documents like your PAN card and proof of identity.
3. Fund Your Account: Transfer funds via the platform’s integration with Indian banks. Appreciate allows you to convert INR to USD conveniently, enabling you to buy Nvidia shares.
4. Invest: Use the platform’s user-friendly interface to search for Nvidia and place your order.

The advantage of using a platform like Appreciate is that it handles the complexities of currency conversion and trading fees, making investing in global stocks like Nvidia easier. It’s a great option if you’re looking for a seamless experience and lower transaction costs than traditional foreign brokers.

How to Invest in Nvidia – Choosing the Right Broker

When investing in Nvidia, selecting the right broker is a crucial step. The broker you choose will determine the ease of the process, transaction costs, and the tools available for your investments. Here’s a guide to help you choose the right broker, ensuring you make an informed decision.

Broker’s Offerings

Ensure the broker offers access to US stocks, including Nvidia on the Nasdaq. Look for brokers with:

• International Trading Support: Access to US stocks.
• Competitive Fees: Low transaction and conversion fees, especially if you’re a frequent trader.

User-Friendliness

A user-friendly platform simplifies the investment process. Key features to look for:

• Intuitive Interface: Easy to navigate, making buying, selling, and tracking simple.
• Educational Resources: Some brokers offer resources to help beginners understand stock investments.

Currency Conversion Options

Investing in Nvidia requires converting INR to USD. Choose a broker that:

• Offers Competitive Rates: Low currency conversion fees (typically 3%-5%).
• Simple Transfers: Seamless integration with Indian banks for hassle-free fund transfers.

Brokerage Fees

Different brokers charge varying fees, which can affect your returns. Look for brokers with:

• Transaction Fees: Flat or percentage-based fees for each trade.
• Account Maintenance Fees: Some brokers may charge a fee for maintaining an account.
• Currency Conversion Fees: Make sure the conversion fees are clear and reasonable.

Tools and Resources

Brokers should offer tools that help you make informed decisions. Look for:

• Market Data: Real-time stock prices, charts, and historical data for Nvidia.
• Research Tools: Access to reports, analysis, and news to help you decide when to buy or sell.
• Portfolio Management: Features allowing you to easily track and manage your investments.

Nvidia Share Price in India – How to Track It?

Nvidia’s stock is listed in USD on US exchanges, and its price is subject to fluctuations due to market movements, company performance, and the value of the US Dollar against the Indian Rupee.

When you’re tracking Nvidia’s share price in India, you need to consider both:

• Nvidia’s stock price in USD.
• Currency conversion rates between USD and INR can impact the price in INR.

To make sure there is no discrepancy, here are some ways to track Nvidia’s share price in India:

• Stock Market Apps: Apps like Appreciate allow you to track real-time stock prices and give you access to Nvidia’s current market price (CMP) in INR. You can easily check stock prices on your mobile phone, keeping you updated wherever you are.
• Stock Market Websites: These platforms allow you to search for Nvidia specifically and view its stock price along with other details like historical performance and market analysis.
• Financial News Channels are useful for tracking price movements and staying informed on Nvidia’s performance.

Risks and Considerations Before Investing in Nvidia

Investing in Nvidia can be an exciting opportunity, but it’s essential to consider potential risks that could affect your investment returns. Here are the key factors to keep in mind:

• Currency Conversion: You must convert your INR (Indian Rupees) to USD to invest in Nvidia. This process can be subject to fluctuations in the exchange rate, meaning that the value of your investment could change based on the currency market.
• Transaction Costs: Brokers may charge fees for converting your INR to USD and executing trades. These costs can add up, particularly if you make frequent transactions or invest small amounts. Be sure to factor in these fees before you start investing.

• Stock Volatility: Nvidia’s stock is known for being volatile. It’s part of the technology sector, often subject to rapid changes. News about innovation, regulatory changes, or market sentiment towards tech stocks can result in sharp price movements.
• Market Risk: Nvidia’s performance can be influenced by external factors, such as shifts in global demand for technology products, competition, or market sentiment. While Nvidia is a leader in graphics processing units (GPUs) and AI technology, broader economic downturns can still affect its stock price.

The Bottom Line

Since the company’s position as an AI and GPU technology leader, investing in Nvidia from India offers significant potential. For Indian investors looking to buy foreign stocks like Nvidia, platforms like Appreciate can simplify the process, offering access to US markets with low fees and easy-to-use tools. Download the app now!

Frequently Asked Questions 

Can I buy Nvidia stocks directly from India?

Yes, you can buy Nvidia stocks directly from India through international brokerage platforms that allow access to global markets. These platforms enable you to invest in US-based stocks, including Nvidia, from home.

What are the best platforms to invest in Nvidia shares from India?

Some of the best platforms to invest in Nvidia shares from India include Appreciate, which provides access to US markets and allows you to trade in Nvidia stocks in USD.

How can I track the Nvidia share price in India?

You can track Nvidia’s share price in India through stock market apps like Appreciate, financial websites like Yahoo Finance or Google Finance, and financial news channels like CNBC and Bloomberg TV.

Are there any taxes or fees for investing in Nvidia from India?

Yes, certain taxes and fees are associated with investing in Nvidia from India. Depending on whether you hold the shares for less than or more than 36 months, you’ll likely face capital gains tax on any profits made.

What are the different methods of investing in Nvidia stocks?

The primary methods to invest in Nvidia stocks are through:

• Direct stock purchase via US brokers: Use platforms like Interactive Brokers or Charles Schwab to buy Nvidia shares directly.
• Exchange-Traded Funds (ETFs): Invest in ETFs that hold Nvidia shares as part of their portfolio.
• Indian brokers with international trading options: Platforms like Appreciate offer routes to invest in global stocks, including Nvidia.

---

Disclaimer: Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. The securities quoted are exemplary and are not recommended.