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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

Franklin India Ultra Short Bond Fund (no. of segregated portfolio-1)ICICI Prudential Ultra Short term
Franklin India Ultra Short Bond Fund (no. of segregated portfolio-1)
itself
0%
ICICI Prudential Ultra Short term
0%
itself

Most alike: Franklin India Ultra Short Bond Fund (no. of segregated portfolio-1) and ICICI Prudential Ultra Short term 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

MeasureFranklin India Ultra Short Bond Fund (no. of segregated portfolio-1)ICICI Prudential Ultra Short term
CategoryUltra Short DurationUltra Short Duration
Share of three-year stretches it beat its category P495% of 60100% of 109
Regular plan costs more than Direct by, a year P5not measured0.66%
Portfolio turned over a year P1not measured3%
Run by P7not knownManish Banthia · 9.8 yrs
1-year return10.7%6.7%
3 years p.a.7.9%7.4%
5 years p.a.8.3%6.8%
Deepest fall (max drawdown)not computed−0.1%
Assets (AUM)₹7,595 Cr₹15,801 Cr
Disclosed history5.4 yrs8.1 yrs
Holdings · top ten weight114 · 41%130 · 27%

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.