Fund Performance: Past and present performance significantly impacts investor demand. Strong returns typically lead to higher prices.

Market Conditions: Broad economic trends and investor sentiment influence fund prices. Bull markets often boost prices, while bear markets can depress them.

Underlying Assets: The value of the fund's holdings (stocks, bonds, etc.) directly affects its price. Appreciation or depreciation impacts the fund's Net Asset Value (NAV).

Interest Rates: Changes in interest rates can impact bond funds and, indirectly, equity funds. Higher rates generally decrease bond prices.

Fund Management: The skill and experience of the fund manager can influence investor confidence and, consequently, the fund's price.

Investor Demand: High demand for the fund increases its price, while decreased demand can lower it. This is especially true for actively traded funds.

Expense Ratio: Higher expense ratios can make a fund less attractive to investors, potentially impacting its price negatively over time.

Geopolitical Events: Global events, such as political instability or economic crises, can significantly affect market sentiment and fund prices.