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Up to six funds side by side, and how much of each is the same portfolio as the others. Overlap is Σ min(weight) over the stocks both hold, from the latest disclosures.

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Overlap

share of the portfolio the two funds hold in common

Nippon India Growth Mid CapAxis Midcap
Nippon India Growth Mid Cap
itself
42%
Axis Midcap
42%
itself

Most alike: Nippon India Growth Mid Cap Fund and Axis Midcap Fund share 42% of their portfolios. Two funds this different are doing different things; whether that is what you want is a separate question.

Side by side

record, cost, returns, drawdown, size

MeasureNippon India Growth Mid CapAxis Midcap
CategoryMid CapMid Cap
Share of three-year stretches it beat its category P487% of 10944% of 109
Regular plan costs more than Direct by, a year P50.86%1.36%
Portfolio turned over a year P152%80%
Run by P7Rupesh Patel · 3.6 yrsnot known
1-year return7.0%6.9%
3 years p.a.18.6%17.1%
5 years p.a.18.0%13.5%
Deepest fall (max drawdown)−19.9%−19.5%
Assets (AUM)₹48,143 Cr₹32,454 Cr
Disclosed history14 yrs5.9 yrs
Holdings · top ten weight105 · 25%91 · 30%

Funds in different categories are not comparable on returns — a category error is the first thing the postulates refuse to make. Compare each to its own category on its fund page.