Fund Performance: Strong performance usually attracts more investors, driving up demand and thus the price. Conversely, poor performance can lead to redemptions and lower prices.

Market Conditions: Broad market trends, economic outlook, and investor sentiment significantly impact fund prices. Bull markets typically increase fund values, while bear markets often decrease them.

Fund Holdings: The underlying assets (stocks, bonds, etc.) held by the fund directly influence its price. Increases in the value of these holdings translate to higher fund prices.

Interest Rates: Changes in interest rates affect bond valuations, which can impact funds holding bonds. Rising rates generally decrease bond values, lowering fund prices.

Currency Fluctuations: If the fund invests in international assets, currency exchange rates can affect returns and the fund's price. Favorable currency movements can increase returns, while unfavorable ones can decrease them.

Expense Ratio: Higher expense ratios detract from fund returns, potentially making it less attractive to investors and affecting its price negatively compared to lower-cost alternatives.

Supply and Demand: Like any asset, fund prices are determined by supply and demand. High demand drives up prices, while increased selling pressure can lower them.

Fund Manager Skill: A skilled fund manager's ability to select investments and manage risk can positively impact fund performance and thus its price over time.

Redemptions: Large-scale redemptions can force the fund to sell assets, potentially driving down prices, especially if the fund holds less liquid investments.

Regulatory Changes: Changes in regulations regarding fund management, taxation, or investment restrictions can affect fund performance and investor sentiment, influencing prices.