With this article, impact of effluent mixed water with the quality of the Mansagar Lake has been established by evaluating the physico-chemical parameters and the heavy-metal contents experimentally. The process of calculating water quality and the metal pollution quality indices is also explained in brief with respect to selected sample locations and varied environmental conditions (Pre- and Post-Monsoon season). Distribution trends of Pearson‘s correlation factor have also been discussed to establish their relation among the physico-chemical parameters and the heavy-metal contents for varied environmental conditions. In the end, detailed discussion on observations made during this study and useful recommendations are also elaborated in details. With this article, we intend to present a document for better understanding of the water quality of this lake in view of futuristic management strategies to be adopted to maintain it heritage values.