Varalakshmi fasting is for the husband to live a long life, Sumangali women observe this fast in order to give birth to children and to attain Ashta Aiswarya.

It is said that if one prays to the mother of Varalakshmi on the day of Varalakshmi fasting, one will get the benefit of Ashtalakshmi including Adi Lakshmi, Thanalakshmi, Thaniyalakshmi, Vidya Lakshmi, Veera Lakshmi, Gaja Lakshmi, Santhana Lakshmi and Vijaya Lakshmi. All of them hope to unite in the same mother Varalakshmi on the day of Varalakshmi fast.

Many stories are told about how this fasting cult originated, but in short Mahalakshmi, the eternal burden, is shaped by patience, who dwells in the heart of her husband, who protects women from suffering. In order to protect women in this way, Varalakshmi goes to the house of the women who worship her on this fast and drinks.

Mangalya will be blessed with observance of Varalakshmi fast. Wealth will accrue. Marriage is guaranteed for virgins. Children get educational wisdom. By the grace of Varalakshmi all the desired benefits are obtained and life is enriched.