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Chanting this mantra can give one material as well as spiritual happiness and make life successful. This hymn sings praises of the powers and glory of the Goddess.

She is the deity of wealth and prosperity in Hinduism. The Mahalakshmi Ashtakam is a hymn or a mantra dedicated to Goddess Lakshmi. One should chant Shri Mahalakshmi Ashtakam daily to get benefits of stotra. The word 'Lakshmi' is derived from the sanskrit word "Laksya", meaning 'aim' or 'goal', and she is the goddess of wealth and prosperity, both material and spiritual In Hindu mythology, Goddess Lakshmi, also called Shri, is the divine spouse of Lord Vishnu and provides him with wealth for the maintenance and preservation of the creation. Goddess Lakshmi means Good Luck to Hindus. Shri Mahalakshmi Ashtakam is taken from Padma Purana and this devotional prayer was chanted by Lord Indra in praise of Goddess Mahalakshmi. Shri Mahalakshmi Ashtakam in Sanskrit Is the prayer dedicated to Goddess Lakshmi Devi.