Underlying Asset Performance: The performance of the assets held by the fund, such as stocks or bonds, directly impacts its Net Asset Value (NAV) and thus its price.

Market Conditions: Overall market sentiment, economic trends, and investor confidence influence demand for the fund, affecting its price.

Interest Rates: Changes in interest rates can affect the value of bond holdings within the fund, and influence investor preference between bonds and other assets.

Fund Expenses: Management fees, operational costs, and other expenses charged by the fund reduce its returns, affecting its price over time.

Supply and Demand: The balance between buyers and sellers of the fund's shares impacts its price. Higher demand typically increases the price, while higher supply decreases it.

Currency Fluctuations: If the fund invests in foreign assets, currency exchange rate fluctuations can affect the fund's returns when converted back to the base currency.

Fund Manager's Performance: The skill and expertise of the fund manager in selecting and managing investments impact the fund's returns and, therefore, its price.

Inflation: Inflation erodes the purchasing power of returns, affecting investor demand for fixed income assets, leading to price adjustments in the fund.