The martensite transformation (MT), mechanical properties and shape memory effect (SME) of (Ni50Mn35In15)(1?x)Mgx(x= 0%, 0.08%, 0.3%, 0.6% at%) alloys were comprehensively investigated. The re-sults showed that due to Mg doping the MT temperature shifted to higher temperatures and a worm-like second-phase precipitated at grain boundaries and inside the grains. With increasing Mg content, the amount of pre-cipitates gradually increased, the thermal hysteresis was almost invariant, and the SME was not obviously af-fected at 3% pre-strain,even when the volume of the second phase reached up to 28.75%.Compressive stress and strain experiments showed that both the strain and strength of the Ni-Mn-In-Mg alloys were improved substantially(by 46.9% and 53.4%,respectively,at x=0.6%)compared with those of the pure Ni50Mn35In15 alloy; this effect is nearly the same as that achieved by the directional solidification method. Because Mg is nonmagnetic, the magnetization difference of the alloy with Mg doping is much lower than that of the alloy without Mg doping.Overall,the results confirm that adding a small amount of Mg is a potentially viable method for improving the mechanical properties of Ni-Mn-In alloys without adversely damaging their functional properties.