Underlying Asset Performance: The fund's net asset value (NAV) is directly impacted by the performance of the assets it holds, such as stocks or bonds.

Market Sentiment: Investor confidence and risk appetite significantly influence fund flows and, consequently, its price.

Economic Conditions: Macroeconomic factors like interest rates, inflation, and GDP growth affect the value of investments held by the fund.

Fund Management Expertise: The skill and strategy of the fund manager in selecting and managing assets play a vital role in performance.

Expense Ratio and Fees: High fees can reduce returns and potentially affect the fund's competitiveness and investor demand.

Supply and Demand: The balance between investors buying and selling shares of the fund influences its market price.

Geopolitical Events: Global political instability or events can create market volatility and impact the fund's holdings and performance.