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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

Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)Aditya Birla Sun Life Credit Risk
Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)
itself
15%
Aditya Birla Sun Life Credit Risk
15%
itself

Most alike: Nippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1) and Aditya Birla Sun Life Credit Risk Fund share 15% 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

MeasureNippon India Credit Risk Fund (Existing Number of Segregated Portfolios - 1)Aditya Birla Sun Life Credit Risk
CategoryCredit RiskCredit Risk
Share of three-year stretches it beat its category P439% of 10969% of 102
Regular plan costs more than Direct by, a year P50.81%0.97%
Portfolio turned over a year P1not measured0%
Run by P7Sushil Budhia · 6.5 yrsMohit Sharma · ≥ 5 mo
1-year return7.9%12.6%
3 years p.a.8.9%13.1%
5 years p.a.7.9%10.9%
Deepest fall (max drawdown)−0.4%−0.4%
Assets (AUM)₹1,450 Cr₹1,500 Cr
Disclosed history13 yrs11 yrs
Holdings · top ten weight63 · 38%59 · 37%

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.