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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

ICICI Prudential Value Fund (erstwhile Value Discovery Fund)HSBC Value
ICICI Prudential Value Fund (erstwhile Value Discovery Fund)
itself
27%
HSBC Value
27%
itself

Most alike: ICICI Prudential Value Fund (erstwhile Value Discovery Fund) and HSBC Value Fund share 27% 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

MeasureICICI Prudential Value Fund (erstwhile Value Discovery Fund)HSBC Value
CategoryValueValue
Share of three-year stretches it beat its category P468% of 109100% of 11
Regular plan costs more than Direct by, a year P50.83%1.12%
Portfolio turned over a year P158%75%
Run by P7Dharmesh Kakkad · 5.7 yrsVenugopal Manghat · 14 yrs
1-year return−5.4%2.4%
3 years p.a.11.5%15.9%
5 years p.a.13.5%
Deepest fall (max drawdown)−14.0%−19.6%
Assets (AUM)₹60,800 Cr₹15,373 Cr
Disclosed history13 yrs3.8 yrs
Holdings · top ten weight66 · 52%86 · 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.