Underlying Asset Performance: The performance of the assets the fund invests in directly impacts its price. Strong asset performance leads to higher fund value.

Market Conditions: Overall market sentiment and economic conditions influence investor behavior and demand, affecting the fund's price.

Interest Rates: Changes in interest rates can affect bond yields and, subsequently, the attractiveness and price of the fund's fixed-income holdings.

Fund Management Expertise: The fund manager's ability to select profitable investments and manage risk influences fund performance and price.

Expense Ratio: The fund's operating expenses, including management fees, reduce returns and potentially affect its price relative to its peers.

Supply and Demand: Market demand for the fund's units affects its trading price, with higher demand generally leading to a higher price.

Currency Fluctuations: If the fund invests in assets denominated in foreign currencies, exchange rate movements can affect the fund's price when converted to the reporting currency.

Inflation: Inflationary pressures can erode the value of investments, especially fixed-income, impacting the fund's price.