Economic Conditions: Overall economic growth, inflation, and interest rates influence investment returns and fund value.

Market Performance: The performance of underlying assets held by the fund, such as stocks or bonds, directly impacts its price.

Fund Management: Skill and strategy of the fund manager in selecting and managing assets affect investment outcomes.

Investor Sentiment: Positive or negative investor sentiment can drive fund inflows and outflows, impacting its share price.

Regulatory Changes: Government policies and regulations concerning investments and financial markets can affect fund operations.

Currency Fluctuations: Changes in exchange rates, especially for funds investing in international assets, impact fund value.

Expense Ratio: The fund's management fees and operating expenses can erode returns and affect its overall price.

Specific Investment Strategy: The fund's particular focus, for example, on specific sectors or geographical regions, is crucial.