Thanks for posting your queries.
L&T Emerging Business fund and L&T Mid Cap funds are managed by same fund manager and it doesn’t makes sense to have two funds in the portfolio which is managed by same fund manager . Both these funds have performed really well in last few years, although they are slightly more volatile. any under performance or wrong stock selection by fund manager or research team would impact the performance of both these funds therefore we should have only one fund.
You should stop the SIP in L&T Emerging Business fund and start into HDFC Small Cap fund. This will help in fund manager diversification and bring stability in portfolio.
Mirae asset emerging bluehcip fund is a good fund and you should continue your sips into it.