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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 Floating Interest RatesHDFC Floating Interest Rates
Nippon India Floating Interest Rates
itself
12%
HDFC Floating Interest Rates
12%
itself

Most alike: Nippon India Floating Interest Rates Fund and HDFC Floating Interest Rates 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

MeasureNippon India Floating Interest RatesHDFC Floating Interest Rates
CategoryFloating Interest RatesFloating Interest Rates
Share of three-year stretches it beat its category P450% of 10962% of 109
Regular plan costs more than Direct by, a year P50.40%0.20%
Portfolio turned over a year P1not measurednot measured
Run by P7Vikash Agarwal · 1.9 yrsnot known
1-year return5.6%6.1%
3 years p.a.7.4%7.5%
5 years p.a.6.6%6.9%
Deepest fall (max drawdown)−0.5%−0.4%
Assets (AUM)₹7,577 Cr₹16,389 Cr
Disclosed history13 yrs1 mo
Holdings · top ten weight122 · 27%146 · 31%

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.