Veerababu (Rajendra Prasad) is a magician along with his friend Pandu (Gundu Hanumanthu Rao) performs on the roads and earn his living. Once while doing such show he comes across a cute little girl Puppy (Baby Nikitha). Veerababu tries to ask her details so that he can drop her back to her home. But he comes to know that Puppy's uncle Appalakonda (Kota Srinivas Rao) had killed her parents for property and is trying to kill her. Veerababu takes her home for safety. But unfortunately due to an accident Puppy loses her eye sight. Veerababu tries hard to collect the money for Puppy's treatment and saves the money with Padmanabham who is the father of Siri (Soundarya) who is in deep love with Veerababu. When Vaarababu asks Padmanabham to give back his money, he refuses and telss him to warns him to stay away from his daughter. Veerababu ties him up to his own chair and takes away his money. Noticing all this Appalakonda kills Padmanabham so that he can take away the rest of the money and can blame the murder on Veerababu. Even Siri believes that Veerababu is the person responsible for her father's murder.Check out the movie Mayalodu to know how Veerababu saves himself from the false accuse and how funnily does he use his magic tricks.