Fund Performance: The historical and current performance of the fund directly impacts its price. Better performance generally leads to higher demand and therefore a higher price.

Market Conditions: Overall market conditions, including economic growth, interest rates, and inflation, can influence investor sentiment and impact the fund's price.

Asset Allocation: The fund's investment strategy and the types of assets it holds (e.g., stocks, bonds) affect its price. The performance of these underlying assets drives the fund's overall value.

Expense Ratio: The fund's expense ratio, which includes management fees and operating expenses, can impact its price. Higher expense ratios may reduce returns and therefore affect the price negatively.

Supply and Demand: The basic principles of supply and demand apply to fund prices. Increased demand for the fund will typically drive its price higher, while decreased demand can lead to a price decrease.

Fund Size: A large fund size might affect the fund's ability to generate returns, while a small fund size might be more volatile. Both can impact the fund's attractiveness to investors.

Fund Manager Skill: The skills and expertise of the fund manager play a crucial role in investment decisions and therefore influence the fund's performance and price.

Currency Fluctuations: For funds investing in international assets, currency fluctuations can affect the value of the fund's holdings and, consequently, its price.

Regulatory Changes: Changes in regulations governing the fund or the financial markets can impact the fund's operations, investment strategies, and ultimately, its price.