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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

Invesco India ArbitrageICICI Prudential Arbitrage
Invesco India Arbitrage
itself
54%
ICICI Prudential Arbitrage
54%
itself

Most alike: Invesco India Arbitrage Fund and ICICI Prudential Arbitrage Fund share 54% of their portfolios. Holding both is closer to holding one twice than to diversifying.

Side by side

record, cost, returns, drawdown, size

MeasureInvesco India ArbitrageICICI Prudential Arbitrage
CategoryArbitrageArbitrage
Share of three-year stretches it beat its category P493% of 109100% of 109
Regular plan costs more than Direct by, a year P50.66%0.60%
Portfolio turned over a year P1233%128%
Run by P7Deepak Gupta · ≥ 1 moNikhil Kabra · 5.8 yrs
1-year return6.9%6.7%
3 years p.a.7.5%7.3%
5 years p.a.7.1%6.7%
Deepest fall (max drawdown)−0.4%−0.4%
Assets (AUM)₹24,108 Cr₹34,536 Cr
Disclosed history11 yrs10 yrs
Holdings · top ten weight582 · 113%205 · 41%

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.