We report an experimental investigation of the electronic structure and magnetic properties of bulk and nanosized MnCo 2 O 4 diluted with Zn. The cationic distribution for tetrahedral A-site dilution is (Co 2þ 1ÀyA Zn 2þ yA ) A [Mn 3þ Co 3þ ] B O 4+δ , whereas B-site dilution results in (Co 2þ ) A [Mn 3þ 1ÀxB Zn 2þ xB Co 3þ ] B O 4Àδ . The strength of exchange interaction J ij between the magnetic ions in a bulk spinel lattice decreases by 15% for A-site dilution relative to the undiluted compound; however, B-site dilution results in an enhancement in J ij by 17%. The frequency and temperature dependence of dynamic-susceptibility [χ ac (f , T)] studies of nanostructured compounds reveals the existence of spin-glass like behavior below the freezing temperature T F 125:7 K (for x B ¼ 0:2) and 154.3 K (y A ¼ 0:1). Relaxation time τ follows the Power-Law variation with a dynamical critical exponent zν ¼ 6:17 and microscopic spin relaxation time τ o ¼ 4:4 Â 10 À15 s for x B ¼ 0:2 (for y A ¼ 0:1, zν ¼ 5:2 and τ o ¼ 5:4 Â 10 À13 s). The amplitude and peak position in χ ac (T) decreases with an increase in the DC bias field, which indicates that the spin-glass phase can survive in the presence of low fields forming a critical line with an exponent 2/3. This behavior is similar to the de Almeida-Thouless (AT-line) analysis in the T-H phase diagram which supports the existence of spin-glass like behavior below T F in these Zn diluted spinels.