Fund Performance: Past and current fund performance heavily influences investor demand. Strong returns typically attract more investment, increasing the fund's price.

Market Conditions: Broad market trends, economic conditions, and investor sentiment significantly impact fund valuations. Positive market environments generally boost fund prices, while negative ones can decrease them.

Underlying Assets: The performance of the assets held within the fund directly affects its price. This includes stocks, bonds, or other investments, and their individual price movements.

Expense Ratio: Higher expense ratios can slightly depress the fund's net return, potentially making it less attractive compared to similar funds with lower fees.

Supply and Demand: Basic economic principles apply. Increased demand for the fund drives up its price, while increased selling pressure can lower it.

Management Expertise: Investors often consider the fund manager's experience, track record, and investment strategy when evaluating a fund. A respected manager can positively influence demand.

Economic Indicators: Key economic data releases, such as inflation rates, GDP growth, and unemployment figures, can impact investor confidence and fund performance.

Interest Rates: Changes in interest rates, especially if the fund holds bonds, affect bond yields and prices, consequently impacting the fund's overall value.

Currency Fluctuations: If the fund invests in foreign assets, currency exchange rates can impact the fund's returns when converted back to the investor's base currency.

Regulatory Changes: New regulations or policy changes affecting the financial markets or the fund's specific investment strategies can create uncertainty and affect its price.

Geopolitical Events: Major global events, such as political instability, trade wars, or pandemics, can significantly influence market sentiment and fund valuations.

Fund Size: Extremely large funds may face challenges in deploying capital effectively, potentially hindering performance compared to smaller, more nimble funds.