N anostructured transition metal oxides, also known as spinel ferrites, are commonly studied due to their potential use in a variety of biomedical applications such as magnetic resonance imaging, hyperthermia and targeted drug delivery [1]. The general formula for ferrite family is given as MFe 2 O 4 ; M=Zn, Ni, Co, Mn, where depending on the Curie temperature, magnetic anisotropy and magnetic moment of the substitution metal M, the overall magnetic properties of ferrites can be adjusted in order to optimize their performance in these biomedical applications. In this manner, manganese ferrite MnFe 2 O 4 is a good candidate with its relatively high magnetization and biocompatibility [2,3]. For these reasons, nanosized MnFe 2 O 4 particles were deeply investigated in literature, where particles were synthesized with different techniques and their surfaces were functionalized with different capping agents.