jala-śāyī - lying in the water; antaḥ-yāmī - indwelling Supersoul; yei - He who; nārāyaṇa - Lord Nārāyaṇa; seho - He; tomāra - Your; amśa - plenary portion; tumi - You; mūla - original; nārāyaṇa - Nārāyaṇa.

The manifestation of the Nārāyaṇa who predominates in everyone’s heart, as well as the Nārāyaṇa who lives in the waters [Kāraṇa, Garbha and Kṣīra], is Your plenary portion. You are therefore the original Nārāyaṇa.