Fund Performance: Historical and recent performance directly impacts investor demand, driving the price up with strong returns and down with weak ones.

Market Conditions: Broader market trends, economic indicators, and investor sentiment significantly affect fund values, particularly those investing in equities.

Sector Performance: If the fund focuses on specific sectors, the performance of those sectors heavily influences its overall price.

Fund Manager Skill: The expertise and strategic decisions of the fund manager play a crucial role in the fund's success and, consequently, its price.

Expense Ratio: Higher expense ratios can detract from returns, making the fund less attractive and potentially affecting its price negatively.

Fund Size: AUM (Assets Under Management) can influence liquidity and transaction costs, which can subtly impact fund valuation.

Interest Rates: Rising interest rates can make bond yields more attractive, potentially drawing investment away from equity funds.

Geopolitical Events: Global political and economic events can introduce volatility and affect investor confidence, impacting fund values.