Asset Allocation: The fund's specific investments (e.g., stocks, bonds) heavily influence its price. If the assets perform well, the fund's value increases. If the assets underperform, the value decreases.

Market Conditions: Broad economic trends, investor sentiment, and global events can significantly impact fund performance. Bull markets tend to lift funds, while bear markets depress them.

Expense Ratio: The fund's operating costs (management fees, administrative expenses) reduce returns. Higher expense ratios lead to lower net returns and potentially lower prices.

Fund Manager Skill: The investment decisions and strategy executed by the fund manager directly affect the fund's returns. A skilled manager can outperform benchmarks.

Supply and Demand: High demand for the fund can drive up its price, while increased selling pressure can lower it. Investor behavior and overall market liquidity affect this.

Currency Fluctuations: If the fund invests in foreign assets, currency exchange rates can impact the fund's value when converted back to the base currency.

Interest Rates: Changes in interest rates can affect the value of fixed-income securities held within the fund, thereby influencing the fund's overall price.

Inflation: High inflation can erode the purchasing power of returns, impacting investor sentiment and potentially lowering the fund's attractiveness and price.