Market Conditions: General market sentiment, economic indicators, and investor confidence influence demand and supply of the fund's underlying assets.

Fund Performance: The fund's historical and recent returns relative to its benchmark and peer group affect its attractiveness to investors.

Underlying Asset Performance: The performance of the stocks, bonds, or other assets held within the fund's portfolio directly impacts its Net Asset Value (NAV).

Management Fees and Expenses: Higher fees and expenses charged by the fund manager reduce returns and can make the fund less competitive.

Interest Rates: Changes in interest rates can affect bond yields, which may influence investor demand for bond funds or funds holding interest-rate-sensitive assets.

Currency Fluctuations: If the fund invests in assets denominated in foreign currencies, exchange rate movements can impact its value.

Fund Flows: Significant inflows or outflows of capital can impact the fund's liquidity and its ability to execute its investment strategy efficiently.

Regulatory Changes: New laws or regulations affecting the financial industry can influence fund operations and investor behavior.

Geopolitical Events: Global events, such as political instability or economic crises, can create market volatility and impact fund values.