You can add some more funds HDFC focused 30 Mirae midcap capAxis small cap HDFC dividend yield instead of dynamic
If you have good knowledge about stock market only then invest in stocks. Else invest in mutual funds only.
No need to invest in two different Elsa fund, instead invest in some other category like small or mid.
You need to learn the basics of stock market. You can learn it through YouTube. Once you get some information then you can come up with your questions and we will help you.