Fund performance: Historical and current performance dictates investor sentiment and demand, influencing the price.

Market conditions: Broad market trends, economic indicators, and global events affect investor risk appetite and fund valuation.

Fund composition: The underlying assets (stocks, bonds, etc.) within the fund and their individual price fluctuations directly impact the fund's NAV.

Management fees: Higher fees can reduce returns, potentially impacting investor demand and the fund's perceived value.

Investor demand: High demand drives the price up; low demand can lead to price decreases.

Currency fluctuations: For funds investing in international assets, currency exchange rates influence returns.

Interest rates: Changes in interest rates impact the value of fixed-income assets held by the fund.

Geopolitical risk: Political instability or uncertainty in regions where the fund invests can impact asset values.

Regulatory changes: New regulations or policies affecting the fund's investment strategy or its underlying assets can shift investor sentiment.

Fund size: Large funds might face challenges in deploying capital effectively, potentially affecting performance.