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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 Balanced AdvantageHDFC Balanced Advantage
Nippon India Balanced Advantage
itself
40%
HDFC Balanced Advantage
40%
itself

Most alike: Nippon India Balanced Advantage Fund and HDFC Balanced Advantage Fund share 40% 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 Balanced AdvantageHDFC Balanced Advantage
CategoryDynamic Asset Allocation or Balanced AdvantageDynamic Asset Allocation or Balanced Advantage
Share of three-year stretches it beat its category P471% of 10986% of 109
Regular plan costs more than Direct by, a year P51.18%0.72%
Portfolio turned over a year P153%29%
Run by P7Sushil Budhia · 5.4 yrsnot known
1-year return2.8%−0.5%
3 years p.a.10.8%11.4%
5 years p.a.9.8%13.9%
Deepest fall (max drawdown)−8.6%−10.2%
Assets (AUM)₹9,674 Cr₹1.08 lakh Cr
Disclosed history13 yrs2.3 yrs
Holdings · top ten weight148 · 31%326 · 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.