NiMn-based Heusler alloy-based solid-state refrigeration technology has received great attention in the field of magnetic refrigeration due to their low energy consumption, environmental friendliness, high magnetization difference (ΔM), low thermal hysteresis (ΔT hys ) across the magneto-structural transformation, and giant magnetocaloric properties at the low magnetic field. We report the promising rare-earth-free magnetic refrigerant material of Ni 45 Co 5 Mn 37 In 12 Si 1 prepared by arc melting followed by heattreatment with an inverse magnetocaloric effect and notable inverse ΔS M of 8.6 J kg −1 K −1 around 241 K. Moreover, the large refrigeration capacity (RC) of 462 J kg −1 with a wide operating temperature of ∼53.8 K is obtained for sample thus annealed for 10 h, which is relatively comparable with rare-earth-based high-performance Gd 5 Si 2 Ge 2 materials.