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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 OvernightSBI OVERNIGHT
Nippon India Overnight
itself
2%
SBI OVERNIGHT
2%
itself

Most alike: Nippon India Overnight Fund and SBI OVERNIGHT FUND share 2% 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 OvernightSBI OVERNIGHT
CategoryOvernightOvernight
Share of three-year stretches it beat its category P4100% of 5817% of 109
Regular plan costs more than Direct by, a year P50.10%0.10%
Portfolio turned over a year P1not measurednot measured
Run by P7Vikash Agarwal · 1.3 yrsRanjhana Gupta · 3 mo
1-year return5.3%5.2%
3 years p.a.6.1%6.0%
5 years p.a.5.8%5.7%
Deepest fall (max drawdown)0.0%0.0%
Assets (AUM)₹8,152 Cr₹29,876 Cr
Disclosed history7.0 yrs5.8 yrs
Holdings · top ten weight12 · 101%12 · 100%

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.