12 August 2016 is Varalakshmi Vratham (Varamahalakshmi Pooja). It is observed on the Friday just prior to Rakshabandhan (Shravan Purnima – Rakhi Pournami festival).
Varalakshmi Devi is a manifestation of Goddess Lakshmi Mata who blesses her devotees with happiness, wealth and prosperity. It is believed that those who observe Varalakshmi Vratham would be blessed with all the above aspects of the life.
Varalakshmi Ashtottara Shatanamavali, 108 Names of Goddess Varamahalakshmi Mata