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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

SBI MULTI ASSET ALLOCATIONKotak Multi Asset Allocation
SBI MULTI ASSET ALLOCATION
itself
0%
Kotak Multi Asset Allocation
0%
itself

Most alike: SBI MULTI ASSET ALLOCATION FUND and Kotak Multi Asset Allocation Fund share 0% 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

MeasureSBI MULTI ASSET ALLOCATIONKotak Multi Asset Allocation
CategoryMulti Asset AllocationMulti Asset Allocation
Share of three-year stretches it beat its category P423% of 43not measured
Regular plan costs more than Direct by, a year P50.99%1.55%
Portfolio turned over a year P146%not measured
Run by P7Dinesh Balachandran · ≥ 3 monot known
1-year return10.2%14.7%
3 years p.a.15.2%18.4%
5 years p.a.13.5%—
Deepest fall (max drawdown)−8.6%−13.8%
Assets (AUM)₹18,225 Cr₹13,629 Cr
Disclosed history5.8 yrs—
Holdings · top ten weight128 · 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.