In this paper, effect of Gd 3+ was investigated on structural, magnetic, and dielectric properties of Mn 0.5 Zn 0.5 Gd x Fe 2-x O 4 (x = 0, 0.025, 0.050, 0.075, and 0.1) nanoparticles prepared by facile coprecipitation method. X-ray diffraction (XRD) studies confirmed the single cubic spinel phase for all the samples and showed that lattice parameter (a exp) was found to increase from 8.414 to 8.446 Å with the substitution of Gd 3+ ions due to their larger ionic radii than the replaced Fe 3+ ions. Shape and size of developed nanoparticles were studied using transmission electron microscopy (TEM) and found that particle size decreased from 31.06 to 21.12 nm for x = 0-0.1. Magnetic properties showed that maximum magnetization decreased from 39.21 to 23.59 emu/g, and Curie temperature decreased from 192 to 176 ℃ with increase in x from 0 to 0.1 due to weakening of superexchange interaction. Dielectric parameters like dielectric constant ( and ), dielectric loss (tanδ), AC conductivity (σ ac), and impedance (Z and Z ) as a function of frequency and composition were analyzed and discussed. It was found that , , σ ac , and tanδ values decreased with Gd substitution, which has been explained based on Maxwell-Wagner theory and hopping mechanism of electrons between Fe 3+ and Fe 2+ ions at octahedral sites. Nyquist plots for all the developed compositions showed single semi-circular arc which indicate the dominant effect of grain boundaries.