Create Standard Camera From View creates a Target camera whose field of view matches an active Perspective viewport. At the same time, it changes the viewport to a Camera viewport for the new camera object, and makes the new camera the current selection.
Note: 
As of 3ds Max 2016, the default keyboard shortcut Ctrl+C creates a Physical camera instead of a standard Target camera.
As of 3ds Max 2016, the default keyboard shortcut Ctrl+C creates a Physical camera instead of a standard Target camera. 
Creating a camera object to match a Perspective view
Alternatively, if the scene already contains a camera and the camera is selected, then Create Camera From View behaves the same as Match Camera To View.
Note: Create Camera From View is available only when a Perspective viewport is active.