Fund Performance: Historical returns and risk-adjusted performance influence investor demand, impacting the fund's price. A strong track record generally leads to higher prices.

Market Conditions: Overall market trends (bull or bear markets) significantly affect fund values. Positive market sentiment often drives up prices, while negative sentiment can lower them.

Economic Indicators: Key economic data (GDP growth, inflation, interest rates) influence investment decisions and market valuations, consequently affecting fund prices.

Fund Holdings: The performance of the underlying assets (stocks, bonds, etc.) held by the fund directly impacts its price. Strong performance of these assets boosts the fund's value.

Expense Ratio: Higher expense ratios reduce net returns to investors, potentially making the fund less attractive and affecting its price negatively.

Fund Size: Extremely large or small fund sizes can impact liquidity and trading efficiency, potentially affecting the fund's price.

Management Style: The effectiveness and consistency of the fund manager's investment strategy influence investor confidence and the fund's performance, thereby affecting its price.