Underlying Assets Performance: The fund's price heavily depends on the performance of its underlying assets, such as stocks or bonds. Good performance drives the price up; poor performance drives it down.

Market Sentiment: Overall investor confidence and market trends influence demand for the fund. Positive sentiment leads to increased demand and higher prices.

Fund Management Decisions: The fund manager's investment strategy, stock selection, and asset allocation choices impact the fund's returns, affecting its price.

Interest Rates: Changes in interest rates can affect the value of fixed-income investments held by the fund, influencing its price. Rising rates usually decrease bond values.

Economic Conditions: Economic indicators like GDP growth, inflation, and unemployment rates influence the performance of companies whose stocks the fund holds, impacting the fund's price.

Currency Exchange Rates: If the fund invests in assets denominated in foreign currencies, fluctuations in exchange rates will affect the fund's value and price.

Fund Flows: Large inflows or outflows of money into or out of the fund can impact its price, particularly for smaller funds. Significant outflows may necessitate selling assets, potentially driving down the price.