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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

Axis Small CapNippon India Small Cap
Axis Small Cap
itself
29%
Nippon India Small Cap
29%
itself

Most alike: Axis Small Cap Fund and Nippon India Small Cap Fund share 29% 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

MeasureAxis Small CapNippon India Small Cap
CategorySmall CapSmall Cap
Share of three-year stretches it beat its category P442% of 10990% of 109
Regular plan costs more than Direct by, a year P51.44%1.10%
Portfolio turned over a year P163%68%
Run by P7not knownSamir Rachh · 9.6 yrs
1-year return10.0%8.9%
3 years p.a.16.2%16.1%
5 years p.a.16.4%19.0%
Deepest fall (max drawdown)−19.4%−24.2%
Assets (AUM)₹27,535 Cr₹76,236 Cr
Disclosed history5.9 yrs14 yrs
Holdings · top ten weight132 · 25%257 · 16%

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.