The document provides a guide to setting up Alternative Investment Funds (AIFs) in India. It outlines the 5 key steps for registration: 1) Applying to SEBI using Form A along with a cover letter; 2) Preparing a bank draft of Rs. 100,000 for application fees; 3) SEBI's evaluation of the application for eligibility; 4) Payment of a registration fee of Rs. 500,000 (or Rs. 100,000 for re-registration); 5) Ensuring strict compliance with SEBI's reporting and other guidelines once registered.