More millennials are eager to test the markets via MFs, show data
SummaryA CAMS study showed that 95% of new millennials chose advisers or distributors for their MF investments.
Millennials are showing an increased interest in investing, driven by their desire for getting better returns from the markets. And, mutual funds (MFs) are one of their preferred investment avenues. That shows up in a recent report by CAMS (Computer Age Management Services) . Over the last five fiscal years (FY2019-FY2023), 7.65 million new millennial investors have entered the MF industry, according to the report by CAMS (a registrar & transfer agent that handles investor transactions for MFs).