‘Panchakshari’ is about two similar-looking cousins. The first one ‘Honey’, is a fashion designer and model, and wants to build a career. In order to delay marriage, and to focus more on her career she devises a plan. The plan backfires and invites a strange person to her home. Also following her is another young man, Sri Ram, who looks like he is wooing her, but somehow her diary has landed in his hands. Seeing that she is already in trouble with one person, she goes to claim her diary. There she finds few videos of her. Angered, she asks Sri Ram about the videos. Sri Ram tells Honey the story of Panchakshari. Who is Panchakshari, what is the connection between Honey and Panchakshari, why Sri Ram and a strange person chasing her forms the rest of this story?