The magnetic and magnetocaloric properties of Ni48Co2Mn35In15 were studied using magnetization and heat capacity measurements. The magnetic entropy change (Delta S-M) was evaluated from both magnetizing and demagnetizing fields. An inverse Delta S-M for the magnetizing and demagnetizing processes were found to be 20.5 and 18.5 J kg(-1) K-1, respectively, for Delta H = 5 T at the martensitic transition (T = T-M). The normal Delta S-M was found to be -5.4 J kg(-1) K-1 for both fields at the paramagnetic/ferromagnetic transition (T = T-C). The effective refrigeration capacity at T-M and T-C for magnetizing field was found to be 268 and 243 J/kg (285 and 243 J/kg for the demagnetizing field), respectively. We have also estimated the density of states, the Debye temperature, and the inverse adiabatic temperature change to be 4.93 states/eV f.u., 314 K, and -3.7 K, respectively, from the measured heat capacity data. (C) 2011 American Institute of Physics. [doi:10.1063/1.3540696]