Standing in the open area of the square is the smaller five-roofed Trailokya Mohan Narayan. It is easily identified as a temple to Narayan/Vishnu by the fine Garuda kneeling before it. This huge Garuda figure was a later addition, erected by King Prithvibendra Malla's widow soon after his death. Look for the Vaishnavite images on the carved roof struts and the window screens with their decoratively carved side medallions.

Dances depicting the 10 incarnations of Vishnu are performed on the platform to the east of the temple during the Indra Jatra festival.