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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

ADITYA BIRLA SUN LIFE ARBITRAGEICICI Prudential Arbitrage
ADITYA BIRLA SUN LIFE ARBITRAGE
itself
51%
ICICI Prudential Arbitrage
51%
itself

Most alike: ADITYA BIRLA SUN LIFE ARBITRAGE FUND and ICICI Prudential Arbitrage Fund share 51% of their portfolios. Holding both is closer to holding one twice than to diversifying.

Side by side

record, cost, returns, drawdown, size

MeasureADITYA BIRLA SUN LIFE ARBITRAGEICICI Prudential Arbitrage
CategoryArbitrageArbitrage
Share of three-year stretches it beat its category P4100% of 109100% of 109
Regular plan costs more than Direct by, a year P50.68%0.60%
Portfolio turned over a year P186%128%
Run by P7Krina Mehta · ≥ 6 moNikhil Kabra · 5.8 yrs
1-year return6.8%6.7%
3 years p.a.7.5%7.3%
5 years p.a.6.8%6.7%
Deepest fall (max drawdown)−0.5%−0.4%
Assets (AUM)₹26,997 Cr₹34,536 Cr
Disclosed history8.3 yrs10 yrs
Holdings · top ten weight208 · 35%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.