Underlying Asset Performance: The price of NETF.NSE heavily depends on the performance of the Nifty 1D Rate Liquid ETF constituents, reflecting the weighted average return of the underlying treasury bills.

Interest Rate Changes: Fluctuations in prevailing interest rates, particularly those impacting short-term debt instruments like treasury bills, directly influence the yields and, therefore, the value of the ETF.

Demand and Supply: Market demand for NETF.NSE compared to its supply affects its trading price; higher demand can push prices up, while increased selling pressure can cause them to fall.

Expense Ratio: The ETF's expense ratio, although typically low for such instruments, can slightly impact its returns, affecting the overall value and consequently, the price.

Tracking Error: The degree to which NETF.NSE accurately mirrors the performance of its underlying assets can influence its price. Larger tracking errors may lead to deviations in price compared to the theoretical value.