Market Conditions: Overall market sentiment, economic indicators (like GDP growth and inflation), and investor confidence influence fund valuations.

Fund Performance: Historical returns and relative performance compared to its benchmark directly impact investor demand and fund price.

Asset Allocation: Changes in the fund's underlying investments (stocks, bonds, etc.) and sector allocation affect the fund's overall value.

Expense Ratio: The fund's operating costs, including management fees, impact returns; higher expenses can lower the fund's net asset value.

Fund Flows: Significant inflows or outflows of investor capital can influence the fund's ability to execute its investment strategy and its price.

Currency Fluctuations: If the fund invests in international assets, exchange rate movements between currencies can affect its price.

Interest Rates: Changes in interest rates impact bond valuations and can indirectly affect stock prices, influencing the fund's overall value.

Regulatory Changes: New regulations affecting the financial industry or specific sectors invested in by the fund can impact its performance.