In Vedic mythology Mahalakshmi is the consort of Lord Visnu, and is worshipped as the Goddess of Wealth and good character. She is considered the divine feminine and a very essential aspect in creation and sustaining of this world. Originally in the beginning of creation, she adorned the left side of Visnu. Later she was reborn again from the sea of milk, when the divine churning of the ocean took place. She resides in the heart of Vishnu and also incarnated in many forms such as Sita and Rukmani.
Orignally appearing from the Padma Purana, this octet dedicated to her worships her as the divine feminine. Chanting this or even listening to it is believed to confer innumerable benefits including removal of obstacles and illness, obtaining wealth and character, and warding off evil spirits.