Performance of Underlying Assets: The fund's price is primarily influenced by the performance of the assets it holds, such as stocks, bonds, or other securities. Strong performance will typically lead to a higher fund price.

Market Sentiment: Overall market sentiment and investor confidence can affect demand for the fund. Positive sentiment can drive prices up, while negative sentiment can cause prices to decline.

Expense Ratio: The fund's expense ratio, which covers management fees and operating costs, impacts its net asset value (NAV). Higher expense ratios can reduce returns and potentially lower the price.

Supply and Demand: The balance between buyers and sellers in the market directly affects the fund's price. Increased demand can push the price up, while increased selling pressure can cause it to fall.

Interest Rates: Interest rate changes can impact the value of fixed-income assets held by the fund. Rising interest rates can lower bond prices and potentially the fund's price.

Economic Conditions: Economic factors such as inflation, GDP growth, and unemployment rates can influence investor sentiment and the performance of underlying assets, ultimately affecting the fund's price.

Currency Fluctuations: For funds investing in international assets, currency exchange rates can play a significant role. Appreciation of foreign currencies can increase the fund's value, while depreciation can reduce it.

Fund Manager Performance: The fund manager's investment decisions and ability to generate returns above the benchmark can influence investor confidence and impact the fund's price.

Regulatory Changes: New regulations or changes in existing regulations can affect the fund's investment strategy, costs, and overall performance, potentially impacting its price.

Dividend Yield: The fund's dividend yield, if any, can attract investors and influence demand, which in turn affects the price. Higher dividend yields may make the fund more attractive.