Modular Multilevel Converters (MMCs) play a crucial role in new energy grid connection and renewable energy conversion systems due to the significant merits of good modularity, flexible scalability, and lower operating loss. However, reliability is a significant challenge for MMCs, which consist of a large number of Insulated Gate Bipolar Transistors (IGBTs). Failures of the IGBTs in submodules (SMs) are a critical issue that affect the performance and operation of MMCs. The insufficient ability of convolutional neural networks to learn key fault features affects the accuracy of MMC fault diagnosis. To resolve this issue, this paper proposes a novel deep fault diagnosis framework named the Multiscale Adaptive Fusion Network (MSAFN) for MMC fault diagnosis. In the proposed MSAFN, the fault features of the raw current in an MMC are extracted by employing multiscale convolutional neural networks (CNNs) firstly, and then a channel attention mechanism is added to adaptively select the channel containing key features, so as to improve the fault diagnosis ability of the MMC in a noisy environment. Finally, the adaptive size of a one-dimensional CNN is adopted to adjust the weight of the feature channels of different scales, which are adaptively fused for fault diagnosis. Experimental validation is performed on two different MMC datasets. Experimental results confirm that the introduction of an attention mechanism of the multiscale feature adaptive fusion channel improves the recognition accuracy of the model by an average of 15.6%. Moreover, comparative experiments under different signal-to-noise ratios (SNRs) demonstrate that the MSAFN maintains accuracy levels above 96.7%, highlighting its excellent performance, particularly under noisy conditions.