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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 Credit Risk Fund (No. of segregated portfolios-3)SBI CREDIT RISK
Franklin India Credit Risk Fund (No. of segregated portfolios-3)
itself
0%
SBI CREDIT RISK
0%
itself

Most alike: Franklin India Credit Risk Fund (No. of segregated portfolios-3) and SBI CREDIT RISK 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 Credit Risk Fund (No. of segregated portfolios-3)SBI CREDIT RISK
CategoryCredit RiskCredit Risk
Share of three-year stretches it beat its category P439% of 7073% of 109
Regular plan costs more than Direct by, a year P5-0.06%0.70%
Portfolio turned over a year P1not measurednot measured
Run by P7not knownLokesh Mallya · ≥ 3 mo
1-year return7.1%8.2%
3 years p.a.9.3%8.6%
5 years p.a.6.2%7.8%
Deepest fall (max drawdown)not computed−0.5%
Assets (AUM)₹3,205 Cr₹2,180 Cr
Disclosed history12 yrs5.8 yrs
Holdings · top ten weight2 · 100%46 · 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.