Nala Karunamaya is known as Sristikanta Lokesvara. Sristikanta Lokeswor lies at the Nala in Bhaktapur district of Nepal. Local people say nala dyo. Sristikanta Lokesvara is known for the deed as creator. There are mainly four Karunamaya 1. Bungadyo or Lokanath karunamaya ( Rato Machchhindranath), 2.Anandadi Lokeshwor (Chovar Karunamaya ). 3. Aaryawalokiteshwor (Seto Machchhindranath). 4. Shristhikanta Lokeshwor (Nala Karunamaya) Apart from this, Buddhism occupies a most eminent position in Nepal. The large number of Lokeswor was accompanied by the development of worship rituals, rituals of fasting and recitation of mantras. The worship of these Lokeswor has continued since the ancient times by newari people. These Lokeswor have their special virtues of their own. Guru Gorakhnath is the disciple of Karunamaya. Nowadays, they are known as Nath sampradaya which means of Nath community.
Shakyamuni Buddha was born in Nepal. The influence of Buddhism religion , the people were increasingly attracted to the life and deeds of Tathagata Buddha and Bodhisattvas. With the popularity of great Mahayana Buddhism, Bodhisattva Lokesvaras were conceived and their images were created in a large number. Due to the quality of Karuna (compassion) of Lokesvaras, they were also called Karunamaya. There are several meditation caves at the west side of the chovar gorge. It is believed that meditated here.