Underlying Assets' Performance: The fund's price is significantly influenced by the performance of the assets it holds, such as stocks, bonds, or other investments.

Market Sentiment: Overall investor confidence and market trends impact demand and supply, directly affecting the fund's Net Asset Value (NAV).

Interest Rates: Changes in interest rates, especially if the fund invests in fixed income securities, can affect the fund's value.

Economic Indicators: Economic growth, inflation, and unemployment figures can impact the performance of underlying assets and therefore the fund's price.

Fund Management Fees: The expenses charged by the fund's manager will reduce the fund's return and NAV.

Currency Exchange Rates: If the fund invests in assets denominated in foreign currencies, fluctuations in exchange rates will affect its value when converted back to the base currency.

Fund Flows: Significant inflows and outflows of money from the fund can impact its NAV, particularly if the fund needs to buy or sell assets quickly.

Geopolitical Events: Global events, such as political instability or trade wars, can create uncertainty and volatility, impacting the fund's price.