Market conditions: Overall performance of financial markets, economic growth, interest rates, and inflation influence investor sentiment and fund valuations.

Fund performance: Historical returns and risk-adjusted returns impact investor demand and fund prices. Strong performance attracts investment, driving up the price.

Fund manager skill: The expertise and investment strategy of the fund manager play a crucial role in selecting assets and generating returns, directly influencing the fund's price.

Expenses and fees: Management fees, operating expenses, and transaction costs reduce the fund's net asset value, affecting its price.

Asset allocation: The fund's mix of assets (stocks, bonds, real estate) affects its risk profile and potential returns, influencing its price.

Investor demand: High demand for the fund increases its price, while low demand can lead to price declines.

Regulatory changes: Changes in regulations governing the fund or its investments can affect its attractiveness and price.

Currency fluctuations: For funds investing in international assets, currency exchange rates can impact the value of the fund's holdings and its price.

Liquidity: The ease with which investors can buy or sell shares of the fund affects its price. Lower liquidity can lead to wider spreads and price volatility.

Geopolitical events: Global events, such as political instability, trade wars, and pandemics, can impact market sentiment and fund prices.