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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

Kotak Floating Interest RatesNippon India Floating Interest Rates
Kotak Floating Interest Rates
itself
0%
Nippon India Floating Interest Rates
0%
itself

Most alike: Kotak Floating Interest Rates Fund and Nippon India Floating Interest Rates 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

MeasureKotak Floating Interest RatesNippon India Floating Interest Rates
CategoryFloating Interest RatesFloating Interest Rates
Share of three-year stretches it beat its category P474% of 5350% of 109
Regular plan costs more than Direct by, a year P50.41%0.40%
Portfolio turned over a year P1not measurednot measured
Run by P7not knownVikash Agarwal · 1.9 yrs
1-year return6.0%5.6%
3 years p.a.7.7%7.4%
5 years p.a.6.7%6.6%
Deepest fall (max drawdown)−0.5%−0.5%
Assets (AUM)₹3,277 Cr₹7,577 Cr
Disclosed history13 yrs
Holdings · top ten weight— · —122 · 27%

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.