New Delhi, June 6 -- The strength visible in the midcap stocks has helped several mutual funds from the segment deliver solid returns for their investors at a time when the mainboard indices are languishing due to the West Asia crisis, which has driven crude oil prices higher, pressured the Indian rupee and spurred foreign investor outflows.

Despite an unfavourable macro setup, the Nifty Midcap 150 index had risen to its 52-week high late last month. So far, this year the index is up 3.61%. The interest in the midcap stocks remains strong, as evident from record inflows into the segment by mutual fund investors in April.

Data from Association of Mutual Funds of India (AMFI) shows that investors poured Rs.6,551.40 crore in the mid-cap fu...