Mangeshkar, 88, was conferred with the award at her residence Prabhu Kunj at Peddar Road in south Mumbai.
The music icon said she was touchedwhen Jagatguru Shankaracharya of the Math at Kolhapur's Karvir, chose to honour her with the title.
"Jagatguru Shankaracharya had met me earlier at Kolhapur and had conferred the Swara Bharati. I cannot recall the year. Now I have been given the second title Swara Mauli, I feel honoured and blessed," Mangeshkar told reporters here last evening.
"Every award is big. All awards should be accepted with love. I feel happy to receive this award," she added.
The veteran singer has several awards to her credit in her over seven-decade-long career, including three National Awards.
Mangeshkar was awarded the Bharat Ratna, the highest civilian award in the country, in 2001 - the second vocalist, after MS Subbulakshmi to receive the honour.
Bhosle lavished praise on her elder sibling.
"I am very happy and proud of her, there is no one like her," she said.
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