Mn substituted Mg–Cu–Zn ferrites of composition Mg0.35Cu0.20Zn0.45O(Fe2−xMnx O3)0.97 have been prepared by the standard double sintering ceramic technique. X-ray diffraction patterns of the samples showed single phase cubic spinel structure without any detectable impurity phases. The lattice constant is found to increase linearly with increase in Mn3+ ion concentration obeying Vegard's law. The initial permeability (μi) of the Mg–Cu–Zn ferrites exhibits thermal hysteresis when the temperature is cycled from above the Curie temperature TC to below. The sharp decrease of μi at T = TC indicates that the samples have high homogeneity according to Globus et al. The Curie temperature TC of the studied ferrite system was determined from the μi–T curves where the Hopkinson type of effect at the TC has been observed with the manifestation of a sharp fall in permeability. The Curie temperature TC is found to increase with increasing Mn content. Dc electrical resistivity increases significantly with the increase in Mn content. The ac resistivity (ρac) and dielectric constant (ε′) of the samples are found to decrease with increase in frequency, exhibiting normal ferrimagnetic behaviour. Dielectric relaxation peaks were observed for the frequency dependence of dielectric loss tangent curves. ε′ increases as the temperature increases, which is the normal dielectric behaviour of the magnetic semiconductor ferrite. The observed variation of electrical and dielectric properties are explained on the basis of Fe2+/Fe3+ ionic concentration as well as the electronic hopping frequency between Fe2+ and Fe3+ ions in the present samples.