Underlying Assets Performance: The fund's price largely mirrors the performance of the assets it holds, such as stocks or bonds. Positive returns drive prices up, while losses cause them to fall.

Market Sentiment: General investor confidence and risk appetite significantly influence fund prices. Bullish markets boost demand and prices; bearish markets dampen both.

Economic Conditions: Macroeconomic factors like interest rates, inflation, and GDP growth can impact the performance of the fund's investments, affecting its price.

Fund Management Expertise: The fund manager's skill in selecting and managing assets affects the fund's returns and, consequently, its price. A skilled manager can outperform the market.

Fund Flows: Large inflows of money into the fund can increase demand and potentially drive up the price, while significant outflows can put downward pressure on the price.

Currency Fluctuations: If the fund invests in foreign assets, changes in exchange rates between currencies can affect the fund's value and price.

Expenses and Fees: The fund's expense ratio, including management fees and operating costs, reduces the net return and, consequently, affects its price over time.

Supply and Demand: Like any asset, the price of the fund is determined by the forces of supply and demand. Higher demand relative to supply pushes the price up, and vice versa.

Specific Sector Performance: If the fund concentrates on a specific industry, the performance of that industry directly affects the fund's price.