Need investment advice

I am 29 years old, and I work in Walmart. Bangalore is my hometown, I stay with my parents, so no money is spent on rent.

My base pay is around 21L per year. This excludes variable pay and stocks, we will keep them out of the equation for now.

Before taxes - 1.7L After taxes - 1.5L

VPF - 14000(20% of basic) NPS - 9700(14% of basic) + 4000 SIP PPF - 12.5K(1.5L per year)

Rough total - 40K

After taxes + deductions - 1.25L

Term Insurance - 8521 (2Cr, 5 year payment, 3 years completed)

SIP - 40K in Mutual Funds.

Left in hand - 72.5K

My doubt - Considering my age, and the recent layoffs from Walmart, I believe I am saving a bit too much in retirement funds, which are not easily accessible on an urgent basis.

I need suggestions on rebalancing my savings. Should I increase my SIP and reduce retirement funds savings? I do get an annual bonus and also Walmart stocks which are accumulating. But I still need good advice.