On every Friday in the month of Ashada, Abinava Shankaralaya, popularly known as Shankar Mutt, attracts hundreds of devotees as Goddess Sharada one of the presiding deity is decorated with different types of Alankaras such as Lakshmi, Saraswathi, Gajalakshmi, Mayuravahini, Garudavahini, Gajavahini, Simhavahini, Durgi, Veena Sharada, Rajarajeshwari all being the reincarnations of Goddess Sharada.
Fruits, flowers, lotus, elephant motif made of bronze sheet, coins, rupees are used for decorating the Goddess depending on the appropriate Avataras. The mutt priests plan accordingly and choose any four Avataras every year. The Goddess sports a bridal look. This Friday Rajarajeshwari Avatar will be done.
The Shankar Mutt in the city has a glorious history behind it. The 33rd pontiff of Sringeri Mutt, Sri Sacchidananda Shivabhinava Nrisimha Bharathi Swamy (1829-1917) was instrumental in bringing to light the collective works of Adi Shankara.
Interestingly the place where the majestic Shankar Mutt is presently standing was the birth place of this pontiff Sri Kunigal Ramashastry, who was a great Palace scholar during the reign of then ruler of Mysore, Sri Mummadi Krishnaraja Wadiyar.
Devotees of Nrisimha Bharathi Swamy decided to build a memorial at his birth place in Agrahara, Mysore. The marble statue of Nrisimha Bharathi Swamy was consecrated in the year 1924 by Sri Chandrashekara Bharathi Swamy in the presence of thousands of devotees naming it as Abinava Shankaralaya.'