The Lakshmi Narasimha Mantra is considered one of the most unique of all Narasimha Mantras. This is because this mantra encapsulates both the energies of Lord Narsimha and Goddess Lakshmi.
Unlike the Ugra Narasimha (the fierce aspect of the Lord), this form (in which Goddess Lakshmi is seen on the lap of Lord Narasimha) is a Shanta murthy and radiates compassion and divine grace.
Chanting the Lakshmi Narasimha Mantra awakens both the deities, shielding the devotees from adversity while blessing them with prosperity and wealth.
This mantra not only brings good fortune but, by meditating on it, helps balance the fierce and gentle energies within us. Let’s get into the details of the Mantra.

Sri Lakshmi Narasimha Mantra
ॐ श्रीं ह्रीं जय लक्ष्मी प्रियाय नित्य प्रमुदित चेतसे
लक्ष्मी स्रितार्थ देहाय श्रीं ह्रीं नमः
Oṃ Śrīṃ Hrīṃ Jaya Lakṣmī Priyāya Nitya Pramudita Cetase
Lakṣmīsritārtha Dehāya Śrīṃ Hrīṃ Namaḥ
Meaning: I bow to Lord Lakshmi Narasimha, Victory to you, the divine Lord who embodies the sacred Bijas Srim and Hrim that represent Prosperity and energy. The one beloved of Goddess Lakshmi, whose consciousness shines with eternal bliss, to whose form Goddess Lakshmi abides. (Salutations to that form of Lord Lakshmi Narasimha)
Japa Sankhya
The count of Mantra-repetitions, or Japa Sankhya, plays a vital role. For Mantra Siddhi, the Japa sankhya is 3 lakh repetitions. For daily worship or Japa, the counts are 16, 56, and 108 repetitions.