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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 Equity SavingsMahindra Manulife Equity Savings
Axis Equity Savings
itself
37%
Mahindra Manulife Equity Savings
37%
itself

Most alike: Axis Equity Savings Fund and Mahindra Manulife Equity Savings Fund share 37% 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 Equity SavingsMahindra Manulife Equity Savings
CategoryEquity SavingsEquity Savings
Share of three-year stretches it beat its category P48% of 6269% of 62
Regular plan costs more than Direct by, a year P51.35%1.96%
Portfolio turned over a year P153%38%
Run by P7not knownRahul Pal · 9.6 yrs
1-year return4.7%5.5%
3 years p.a.9.6%9.5%
5 years p.a.7.9%8.7%
Deepest fall (max drawdown)−5.2%−4.6%
Assets (AUM)₹867 Cr₹533 Cr
Disclosed history5.9 yrs9.6 yrs
Holdings · top ten weight168 · 71%105 · 68%

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.