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NIC 2025 MoSPI source

NIC Class 6432 - Activities of non- money market funds

NIC Class 6432 covers Activities of non- money market funds. This is the main comparison layer for deciding which specific six-digit Sub-class best fits the real activity described in Udyam, MCA or MSME workflows. It...

Level Class
Depth 4/5
Children 1
Last verified 2026-04-21
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Related NIC codes in this branch

Compare nearby hierarchy entries before choosing a code for a registration or business workflow.

Sub-class 643200
Issuing of non-money market funds for investment in financial and non-financial assets
 Class 6431
Activities of money market funds
 Class 6433
Activities of trust, estate and agency accounts
 Group 643
Activities of trusts, funds and similar financial entities
 Division 64
Financial service activities, except insurance and pension funding
 Section L
Financial and insurance activities
 Class 6422
Activities of financing conduits
 Class 6421
Activities of holding companies
 Class 6419
Other monetary intermediation
 Class 6411
Central banking
 Class 6491
Financial Leasing
 Class 6492
International trade financing activities
Practical Summary

What Class 6432 Covers

Class 6432 is the final decision layer before six-digit Sub-classes such as 643200 Issuing of non-money market funds for investment in financial and non-financial assets. Compare the child pages before using a code in a filing.

Where Used In Practice

Where Class 6432 Is Used

Class 6432 is used when the final six-digit code is not obvious and official notes or child Sub-classes need to be compared.

  • Udyam and MSME code research
  • Company or LLP registration preparation
  • Business activity shortlisting before filing
  • Internal classification and vendor profiling
How To Choose

How to Narrow Down From Class 6432

Review every child Sub-class under Class 6432. If the wording is still broad, open the six-digit child pages before using a code in registration.

Official note

Class note from the source layer

This class includes activities of non-money market funds, i.e., collective investment schemes that raise funds by issuing shares or units to the public, of which proceeds are invested primarily in financial assets, other than short-term assets, and in non-financial assets (usually real estate). Their units (or shares) are not substitutes for deposits. This class excludes: - activities of money market funds, see 6431

Common Questions About NIC 6432

Which businesses fall under NIC 6432?

Start here when the business belongs to activities of non- money market funds and then compare child entries such as 643200 Issuing of non-money market funds for investment in financial and non-financial assets.

Is NIC 6432 a final filing code?

No. This is a hierarchy page. Continue to the six-digit Sub-class before using a code in registration or compliance records.

How do I verify that NIC 6432 is correct before filing?

Check the parent hierarchy, compare 6431 Activities of money market funds, 6433 Activities of trust, estate and agency accounts, and confirm that the official title matches the main revenue activity. For regulated or filing-critical decisions, verify the source row in the MoSPI dataset.

What happens if I use the wrong NIC code in Udyam or MCA registration?

A wrong code can cause mismatched business descriptions, follow-up questions or later compliance cleanup. It is better to compare nearby codes before filing than to correct a weak classification later.

Is there a legacy NIC 2008 equivalent for NIC 6432?

Use the legacy converter only as a migration aid. Old NIC 2008 matches can suggest where to look, but NIC 2025 should remain the primary reference for new code selection.

NIC 2026 guidance

How to move from Class 6432 to the right Sub-class

NIC 6432 is an intermediate hierarchy page, not usually the final code used in a filing. Use it to compare child entries, read the nearby-code context and move toward the most precise six-digit Sub-class. If the child list contains several similar activities, open each candidate page and compare the wording against the business's real operating model.

Data Source and Verification Date

Source layer

Official NIC 2025 Excel and PDF from MoSPI.

Last verified

2026-04-21 from the generated NIC 2025 source layer used in this build.

Disclaimer

This is an independent reference tool. Verify filing-critical decisions in official sources.