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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

BANK OF INDIA OVERNIGHTAxis Overnight
BANK OF INDIA OVERNIGHT
itself
1%
Axis Overnight
1%
itself

Most alike: BANK OF INDIA OVERNIGHT FUND and Axis Overnight Fund share 1% 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

MeasureBANK OF INDIA OVERNIGHTAxis Overnight
CategoryOvernightOvernight
Share of three-year stretches it beat its category P4100% of 45100% of 55
Regular plan costs more than Direct by, a year P50.05%0.05%
Portfolio turned over a year P1not measurednot measured
Run by P7Mithraem Bharucha · ≥ 1.8 yrsnot known
1-year return5.5%5.3%
3 years p.a.6.2%6.1%
5 years p.a.5.9%5.8%
Deepest fall (max drawdown)0.0%0.0%
Assets (AUM)₹96 Cr₹12,334 Cr
Disclosed history4.3 yrs5.9 yrs
Holdings · top ten weight4 · 100%9 · 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.