Index Performance: The primary driver is the performance of the NIFTY Quality Low Volatility 30 index, which the ETF tracks. Upward index movement typically increases the ETF's price, while a downward trend reduces it.

Supply and Demand: ETF prices fluctuate based on buying and selling pressure in the market. High demand can push the price above its net asset value, while increased selling pressure may lower it.

Net Asset Value (NAV): The NAV, representing the total value of the ETF's underlying holdings per share, acts as a theoretical fair value. Market prices tend to align with the NAV over time.

Expense Ratio: The ETF's expense ratio, the annual fee charged for managing the fund, indirectly affects the price by reducing the overall return to investors.

Tracking Error: The ETF's ability to accurately mirror the index's performance influences its price. A significant tracking error can lead to discrepancies between the ETF's price and the index's returns.