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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 SHORT TERMNippon India Short Term
SBI SHORT TERM
itself
12%
Nippon India Short Term
12%
itself

Most alike: SBI SHORT TERM FUND and Nippon India Short Term Fund share 12% 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 SHORT TERMNippon India Short Term
CategoryShort TermShort Term
Share of three-year stretches it beat its category P427% of 10965% of 109
Regular plan costs more than Direct by, a year P50.54%0.71%
Portfolio turned over a year P1not measurednot measured
Run by P7Mansi Sajeja Over · ≥ 3 moVivek Sharma · 6.5 yrs
1-year return5.2%5.8%
3 years p.a.7.3%7.7%
5 years p.a.6.4%6.7%
Deepest fall (max drawdown)−0.5%−0.6%
Assets (AUM)₹14,002 Cr₹7,252 Cr
Disclosed history1 mo14 yrs
Holdings · top ten weight86 · 34%109 · 29%

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.