**Market Performance:** The overall performance of the market where the fund invests significantly impacts its price. A bullish market typically increases the fund's value, while a bearish market decreases it.

**Underlying Assets:** The specific assets (stocks, bonds, or other instruments) held within the fund directly influence its price. Performance of those individual assets will reflect in the fund's value.

**Economic Conditions:** Macroeconomic factors like inflation, interest rates, and GDP growth can affect both market sentiment and the profitability of the companies or assets the fund holds.

**Fund Management:** The skill and strategy of the fund's managers in selecting and managing investments play a key role. Their decisions on asset allocation and security selection affect returns.

**Investor Sentiment:** Investor confidence and demand for the fund can influence its price. Increased demand typically drives prices up, while reduced demand can lead to price declines.

**Currency Fluctuations:** If the fund invests in assets denominated in foreign currencies, exchange rate changes can impact its returns when translated back into the base currency.

**Fees and Expenses:** The fund's expense ratio (management fees, operating expenses) reduces the overall return to investors, thereby affecting the net price. Higher fees reduce net price.

**Supply and Demand:** Like any market-traded asset, the basic principles of supply and demand affect the price. More buyers than sellers leads to price increase; conversely for decreases.

**Regulatory Changes:** Changes in regulations impacting the industries or assets the fund invests in can affect the profitability of companies and hence the fund's price.

**Political Events:** Major political events or policy changes can introduce volatility into the market and affect investor sentiment, influencing the fund's price.