The phase diagram of the magnetocaloric MnxFe2−xP1−ySiy quaternary compounds was established by characterising the structure, thermal and magnetic properties in a wide range of compositions (for a Mn fraction of 0.3 ≤ x < 2.0 and a Si fraction of 0.33 ≤ y ≤ 0.60). The highest ferromagnetic transition temperature (Mn0.3Fe1.7P0.6Si0.4, TC = 470 K) is found for low Mn and high Si contents, while the lowest is found for low Fe and Si contents (Mn1.7Fe0.3P0.6Si0.4, TC = 65 K) in the MnxFe2−xP1−ySiy phase diagram. The largest hysteresis (91 K) was observed for a metal ratio close to Fe:Mn = 1:1 (corresponding to x = 0.9, y = 0.33). Both Mn-rich with high Si and Fe-rich samples with low Si concentration were found to show low hysteresis (≤2 K). These compositions with a low hysteresis form promising candidate materials for thermomagnetic applications.