Herein, we report the structural, magnetic and magnetocaloric properties of Fe50Ni50 alloy prepared through the planetary ball-mill. Rietveld analysis of the X-ray profiles confirmed the cubic crystallographic phase with the Fm-3 m space group. The magnetic characterization demonstrates that Fe50Ni50 alloy exhibits the coexistence of magnetic interaction within the ferromagnetic phase with Curie temperature 762 K. The Arrott plot results confirmed the second-order nature of the alloy. Critical exponents were also determined using the modified Arrott plot, Kouvel-Fisher plot and critical isotherm analysis. Obtained results indicated coexisting magnetic behavior, i.e., long-range ferromagnetism and inhomogeneous magnetic state. This alloy also noted a significant magnetocaloric parameters, i.e., magnetic entropy change (−ΔSM ∼ 2.3 J/kg-K) and relative cooling power (RCP ∼ 230 J/kg) at 30 kOe applied field. Both parameters followed power law dependence of magnetic field, and the exponent value supports the ferromagnetic nature along with the coexisting magnetic state. By normalizing the ΔSM curve with rescaled temperature, a universal master curve is also constructed for this alloy, reiterating the second-order nature of the magnetic transition.
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