Polycrystalline ferrites, Li 0.5-0.5x Mn x Fe 2.5-0.5x O 4 , (where x = 0.0, 0.1, 0.3, 0.5, 0.7, 0.9, and 1.0), were prepared by using ceramic method. Single phase cubic structure was confirmed by X-ray diffractometer. The lattice parameter "a" was found to increase with increasing Mn 2+ ion substitution. IR spectra of the samples were recorded from 200 to 1000 cm −1 . The two primary bands corresponding to tetrahedral υ A and octahedral υ B were observed at about 575 cm −1 and 370 cm −1 , respectively. Elastic properties of these mixed ferrites were estimated as a function of composition. Young's modulus (E), rigidity modulus (G), bulk modulus (B), Debye temperature (θ D ), and mean sound velocity (V m ) were calculated from the transverse (V t ) and longitudinal (V 1 ) wave velocities. The variation of elastic moduli with composition was interpreted in terms of binding forces between the atoms of spinel lattice. AC conductivity σ and dielectric properties of the samples were measured at room temperature over 100 Hz-1 MHz. The electrical conduction mechanism could be explained with the electron hopping model. Frequency exponential factor (s) was calculated and it was found between 0.4 and 0.8.