Fund Performance: Strong past performance typically attracts more investors, increasing demand and potentially the fund's price.

Market Conditions: Broad market trends, such as bull or bear markets, significantly impact the value of underlying assets and consequently the fund's NAV.

Interest Rates: Changes in interest rates can affect the valuation of fixed-income securities held by the fund, impacting its overall price.

Expense Ratio: A lower expense ratio makes the fund more attractive, as it reduces the cost of investing, potentially boosting demand.

Management Style: The fund manager's investment strategy and skill in selecting securities influence the fund's returns and perceived value.

Economic Indicators: Economic data releases, such as GDP growth, inflation, and employment figures, can influence investor sentiment and market direction.

Investor Sentiment: Overall investor confidence or fear can lead to buying or selling pressure, impacting the fund's price regardless of its intrinsic value.