Fund Performance: Past and present performance of the fund, relative to its benchmark and peer group, significantly impacts investor demand and therefore the fund's price.

Market Conditions: Broader economic trends, including interest rates, inflation, and overall market sentiment, influence investment decisions and affect the fund's value.

Sector Performance: The performance of the specific sectors and industries in which the fund invests directly impacts its returns and therefore its price.

Fund Manager Expertise: The skill and experience of the fund manager play a crucial role in investment selection and strategy, ultimately affecting the fund's performance and price.

Expense Ratio: The fund's expense ratio (operating costs) reduces returns and affects the fund's attractiveness to investors, influencing its price.

Fund Size: Larger funds may face challenges in generating alpha, while smaller funds may be more volatile, impacting the perceived value and price.

Investor Sentiment: Overall investor confidence or fear can drive buying or selling pressure, affecting the fund's price, regardless of fundamentals.

Currency Fluctuations: For funds investing internationally, exchange rate movements can significantly impact returns for investors holding domestic currency.