Millennials are betting big on mutual funds. According to CAMS, the registrar and transfer of most mutual fund houses, around 16 lakh new mutual fund investors were millennials, falling in age bracket of 20 and 35 years. The younger group accounts for 47 per cent of the new investors in mutual funds, says CAMS in its report ‘Growing preference of mutual funds with millennials.’
CAMS on-boarded 36 lakh new investors across mutual funds serviced during the financial year 2018-19. CAMS, th ..
