Asset Allocation: The underlying assets held by the fund (stocks, bonds, etc.) directly impact its price. If the fund invests heavily in a particular sector or geography, its performance will be tied to that sector's performance.

Market Conditions: Overall market sentiment (bullish or bearish) and macroeconomic factors (interest rates, inflation, economic growth) influence investor demand and therefore the fund's price.

Fund Manager Performance: The fund manager's skill in selecting and managing investments affects the fund's returns and attractiveness to investors.

Fees and Expenses: Management fees, operating expenses, and other costs reduce the fund's net return, potentially affecting its price relative to similar funds.

Supply and Demand: High demand for the fund increases its price, while increased selling pressure lowers it.

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

Regulatory Changes: New regulations or policy shifts in the financial markets can affect the types of investments a fund can make or the expenses it incurs, thus impacting its price.

Dividend Payout: The frequency and amount of dividends paid out by the fund may affect its price, especially around ex-dividend dates.