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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 ValueHSBC Value
Nippon India Value
itself
28%
HSBC Value
28%
itself

Most alike: Nippon India Value Fund and HSBC Value Fund share 28% 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 ValueHSBC Value
CategoryValueValue
Share of three-year stretches it beat its category P493% of 109100% of 11
Regular plan costs more than Direct by, a year P50.82%1.12%
Portfolio turned over a year P182%75%
Run by P7Meenakshi Dawar · 8.3 yrsVenugopal Manghat · 14 yrs
1-year return−2.8%2.4%
3 years p.a.14.0%15.9%
5 years p.a.13.4%—
Deepest fall (max drawdown)−17.6%−19.6%
Assets (AUM)₹8,875 Cr₹15,373 Cr
Disclosed history12 yrs3.8 yrs
Holdings · top ten weight94 · 36%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.