0.75Bi1-xSmxFeO3-0.25PbTiO3 i.e. (BSFPT)x solid solutions with x = 0.05 and 0.10 were successfully synthesized by solid state reaction method. The effect of Sm doping on ferroelectric, pizeoelectric and magnetoelectric properties has been investigated. Rhombohedral (R3c) and tetragonal (P4mm) phases are present in the produced solid solutions as a result of BiFeO3 and PbTiO3 compounds respectively. Ferroelectric study reveals the saturated ferroelectric loops with low remnant polarization (Pr) for prepared solid solutions. The pizeoelectric analysis shows the increase in the converse piezoelectric coefficient (d*33) with increase in Sm doping. Magnetoelectric coupling investigation reveals that the magnetoelectric coupling coefficient (αME) improves with Sm doping and reaches a maximum value of 1.616mV/cmOe. These enhanced features make the material attractive contender for possible applications.