Investment Performance: The fund's past and current performance directly impacts its price, reflecting its success in generating returns.

Market Conditions: Broad economic trends, industry-specific news, and overall market sentiment significantly influence the fund's underlying assets.

Fund Manager's Strategy: The fund manager's investment decisions, risk management approach, and ability to adapt to market changes affect its price.

Expense Ratio: The fees charged to manage the fund can impact its performance and, consequently, its price. Lower expense ratios generally benefit investors.

Supply and Demand: Investor demand for the fund relative to its available units can push the price up or down.

Underlying Asset Performance: The performance of the stocks, bonds, or other assets held within the fund's portfolio is a primary driver of its price.

Currency Fluctuations: If the fund invests in assets denominated in foreign currencies, exchange rate movements can affect its value when converted back to the base currency.

Regulatory Changes: New laws and regulations can impact the industries or asset classes in which the fund invests, indirectly affecting its price.

Interest Rates: Changes in interest rates can influence the valuation of bonds and other fixed-income securities held by the fund.

Inflation: Rising inflation can erode the purchasing power of returns and impact the valuation of certain assets held by the fund.