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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 ValueICICI Prudential Value Fund (erstwhile Value Discovery Fund)
UTI Value
itself
42%
ICICI Prudential Value Fund (erstwhile Value Discovery Fund)
42%
itself

Most alike: UTI Value Fund and ICICI Prudential Value Fund (erstwhile Value Discovery Fund) share 42% 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 ValueICICI Prudential Value Fund (erstwhile Value Discovery Fund)
CategoryValueValue
Share of three-year stretches it beat its category P437% of 10968% of 109
Regular plan costs more than Direct by, a year P50.79%0.83%
Portfolio turned over a year P147%58%
Run by P7Amit Premchandani · 8.6 yrsDharmesh Kakkad · 5.7 yrs
1-year return−4.1%−5.4%
3 years p.a.12.1%11.5%
5 years p.a.11.0%13.5%
Deepest fall (max drawdown)−17.2%−14.0%
Assets (AUM)₹9,603 Cr₹60,800 Cr
Disclosed history12 yrs13 yrs
Holdings · top ten weight71 · 41%66 · 52%

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.