Asset Allocation: The fund's investment strategy and the types of assets it holds (e.g., stocks, bonds, real estate) significantly influence its price. Different asset classes have varying levels of risk and return, affecting overall performance.

Market Conditions: Broader economic trends, such as inflation, interest rates, and GDP growth, impact investor sentiment and market valuations, thereby influencing the fund's price.

Fund Performance: Historical performance, relative to its benchmark and peer group, is a key determinant of investor demand and, consequently, the fund's price.

Investor Sentiment: Investor confidence and risk appetite play a crucial role. Increased demand drives prices up, while panic selling can lead to price declines.

Fund Management: The expertise and decisions of the fund manager in selecting investments and managing risk directly affect the fund's performance and price.

Expense Ratio: The fund's operating costs, including management fees, impact net returns and influence investor appeal and the price of fund shares.