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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

UTI - Unit Linked Insurance PlanSBI Balanced Advantage
UTI - Unit Linked Insurance Plan
itself
12%
SBI Balanced Advantage
12%
itself

Most alike: UTI - Unit Linked Insurance Plan and SBI Balanced Advantage Fund share 12% 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

MeasureUTI - Unit Linked Insurance PlanSBI Balanced Advantage
CategoryDynamic Asset Allocation or Balanced AdvantageDynamic Asset Allocation or Balanced Advantage
Share of three-year stretches it beat its category P411% of 109100% of 25
Regular plan costs more than Direct by, a year P5not measured1.02%
Portfolio turned over a year P116%38%
Run by P7Akash Shah · 8 moDinesh Balachandran · ≥ 3 mo
1-year return1.5%2.3%
3 years p.a.7.8%9.8%
5 years p.a.6.1%10.1%
Deepest fall (max drawdown)−8.2%−7.4%
Assets (AUM)₹5,074 Cr₹42,245 Cr
Disclosed history12 yrs3.7 yrs
Holdings · top ten weight130 · 37%131 · 32%

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.