Underlying Asset Performance: The fund's price is primarily determined by the performance of its underlying assets, such as stocks, bonds, or other investments.

Market Sentiment: Overall market sentiment and investor confidence influence demand for the fund, impacting its price.

Economic Conditions: Economic indicators like inflation, interest rates, and GDP growth can affect the performance of underlying assets and fund price.

Fund Management: The fund manager's investment decisions and skill in managing the portfolio affect returns and the fund's price.

Expense Ratio: The fund's expense ratio, including management fees and operating costs, reduces returns and can indirectly impact price.

Supply and Demand: The balance between supply and demand for the fund's shares on the market directly influences its price.

Currency Fluctuations: For funds investing in international assets, currency exchange rates can impact the value of returns and the fund's price.

Geopolitical Events: Major geopolitical events, such as political instability or trade wars, can create market uncertainty and affect fund values.