Market movements: Overall market trends impact the fund's price. Positive market sentiment typically pushes prices up, while negative sentiment pushes them down.

Asset allocation: The fund's investment strategy, including the allocation of assets across different sectors, regions, and asset classes, significantly affects its value.

Fund performance: The fund's past and present performance compared to its benchmark and peers influences investor demand, which subsequently impacts its price.

Expense ratio: Higher expense ratios can negatively impact the fund's returns and make it less attractive to investors, potentially leading to lower prices.

Interest rates: Changes in interest rates can affect the valuation of fixed-income securities held within the fund, impacting its overall price.

Economic indicators: Macroeconomic factors like GDP growth, inflation, and unemployment can influence investor sentiment and market conditions, indirectly affecting the fund's price.

Currency fluctuations: For funds with international exposure, exchange rate fluctuations can impact the value of foreign assets, affecting the fund's overall price.

Fund manager skill: The fund manager's expertise in selecting investments and managing risk plays a vital role in the fund's performance and therefore, its price.