Asset Performance: The underlying assets, such as stocks or bonds, within the fund significantly influence its price. Positive performance of these assets generally leads to a higher fund price.

Market Sentiment: Overall market conditions and investor confidence impact fund valuations. Bullish markets tend to boost prices, while bearish markets can cause declines.

Fund Management: The fund manager's skill in selecting and managing investments directly affects returns and therefore the price. Good management can enhance performance.

Expense Ratio: The fund's operating expenses, including management fees, are deducted from returns, thus impacting price. Higher expense ratios can hinder price appreciation.

Supply and Demand: Investor demand for the fund influences its price. Increased demand can drive prices up, while increased selling pressure can lead to price decreases.

Interest Rates: Changes in interest rates affect bond valuations and can impact the prices of funds holding fixed-income assets. Rising rates generally decrease bond prices.

Economic Conditions: Macroeconomic factors like inflation, GDP growth, and unemployment rates influence investor sentiment and the performance of underlying assets, impacting the fund's price.