Metal oxide nano particles are potentially useful for heat transfer applications because of their chemical and physical properties. In this present study an attempt has been made to synthesize Fe2O3–Al2O3–CuO nano-composites by Co-precipitation method. The chemical, physical and thermal properties of the synthesized nano-particles were examined by Scanning Electron Microscopy, Energy Dispersive X-Ray Analyser, Fourier transform infrared spectroscopy and Thermo gravimetric Analyser. The properties of nano-alloy were studied along with those of the constituent nano-particles to estimate potential benefits of using this nano-composite for heat transfer applications. Energy Dispersive X-Ray analysis of metallic nano-alloy annealed at 500 °C revealed the presence of copper (Cu), aluminium (Al), iron (Fe), oxide(O) elements in metallic nano-alloy and data indicated that nano-particles were nearly stoichiometric. The molecules of metallic nano-alloy were found to be spiral in shape with size distribution of 200 nm. FTIR also confirms the presence of aluminium oxide, copper oxide and iron oxide in synthesized nano-alloy sample. Thermal analysis of the nano-alloy shows that there is significant increase in heat transfer characteristic of nano-fluid made of water with 0.4 wt% nano-alloy. It was observed that heat transfer characteristics increased with increase in concentration of nano-alloy in base fluid.