Fund Performance: Past performance, while not indicative of future results, influences investor demand. Positive performance often attracts more investment, driving up the fund's price.

Market Conditions: Broad market trends, such as bull or bear markets, significantly impact fund values. Economic downturns generally lower prices, while economic growth tends to increase them.

Interest Rates: Changes in interest rates can affect fixed-income holdings within the fund. Rising rates may decrease the value of bonds, impacting the overall fund price.

Fund Management: The expertise and decisions of the fund managers play a crucial role. Investment strategies and asset allocation directly influence returns and subsequently, the fund's price.

Expense Ratio: The fund's operating expenses impact returns. A lower expense ratio allows for greater net returns, making the fund more attractive and potentially increasing its price.

Investor Sentiment: Overall investor confidence and risk appetite can affect demand for the fund. Positive sentiment increases demand, driving up the price; negative sentiment can lead to selling pressure, lowering it.