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Present work reports on the observation of multiple magnetic transitions in aNi-excess ferromagnetic shape memory alloy with nominal compositionNi$_{2.048}$Mn$_{1.312}$In$_{0.64}$. The magnetization data reveal two distinctthermal hystereses associated with two different phase transitions at differenttemperature regions. The high temperature magnetic hysteresis is due to themartensitic phase transition whereas the low temperature hysteresis occursaround the magnetic anomaly signifying the transition from a paramagnetic-likestate to the ferromagetic ground state within the martensite. Clear thermalhysteresis along with the sign of the curvatures of Arrott plot curves confirmthe {\it first order nature of both the transitions}. In addition, the studiedalloy is found to be functionally rich with the observation of largemagnetoresistance (-45\% and -4\% at 80 kOe) and magnetocaloric effect (+16.7J.kg$^{-1}$.K$^{-1}$ and -2.25 J.kg$^{-1}$.K$^{-1}$ at 50 kOe) around these twohysteresis regions (300 K and 195 K respectively).

Multiple first order transitions and associated room temperature magneto-functionality in Ni2.048Mn1.312In0.64