Fund Performance: Historical returns and risk-adjusted returns directly impact investor demand. Strong performance attracts more investors, driving up the price.

Market Conditions: Broader economic trends, industry performance, and investor sentiment influence the overall market, affecting fund valuations.

Interest Rates: Changes in interest rates can influence bond valuations (if the fund invests in bonds) and overall investor appetite for riskier assets.

Fund Management: The fund manager's expertise, investment strategy, and decision-making capabilities significantly impact the fund's performance and thus its price.

Expense Ratio: A lower expense ratio means more returns for investors, potentially making the fund more attractive and affecting its price positively.

Net Asset Value (NAV): The underlying value of the fund's assets directly affects its price. Daily fluctuations in the value of the fund's holdings impact the NAV.

Supply and Demand: Higher demand for the fund will drive up its price, while increased selling pressure can lower it.

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