The structure, morphology and magnetic properties of (Ni0.6Mn0.4Fe2O4)α(SiO2)100−α (α = 0–100%) nanocomposites (NCs) produced by sol-gel synthesis were investigated using X-ray diffraction (XRD), Fourier transform infrared spectroscopy (FT-IR), atomic force microscopy (AFM) and vibrating sample magnetometry (VSM). At low calcination temperatures (300 °C), poorly crystallized Ni0.6Mn0.4Fe2O4, while at high calcination temperatures, well-crystallized Ni0.6Mn0.4Fe2O4 was obtained along with α-Fe2O3, quartz, cristobalite or iron silicate secondary phase, depending on the Ni0.6Mn0.4Fe2O4 content in the NCs. The average crystallite size increases from 2.6 to 74.5 nm with the increase of calcination temperature and ferrite content embedded in the SiO2 matrix. The saturation magnetization (Ms) enhances from 2.5 to 80.5 emu/g, the remanent magnetization (MR) from 0.68 to 12.6 emu/g and the coercive field (HC) from 126 to 260 Oe with increasing of Ni0.6Mn0.4Fe2O4 content in the NCs. The SiO2 matrix has a diamagnetic behavior with a minor ferromagnetic fraction, Ni0.6Mn0.4Fe2O4 embedded in SiO2 matrix displays superparamagnetic behavior, while unembedded Ni0.6Mn0.4Fe2O4 has a high-quality ferromagnetic behavior.