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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

Tata Multi Asset AllocationNippon India Multi Asset Allocation
Tata Multi Asset Allocation
itself
23%
Nippon India Multi Asset Allocation
23%
itself

Most alike: Tata Multi Asset Allocation Fund and Nippon India Multi Asset Allocation Fund share 23% 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

MeasureTata Multi Asset AllocationNippon India Multi Asset Allocation
CategoryMulti Asset AllocationMulti Asset Allocation
Share of three-year stretches it beat its category P419% of 4376% of 38
Regular plan costs more than Direct by, a year P51.90%1.53%
Portfolio turned over a year P142%53%
Run by P7Murthy Nagarajan · ≥ 1.3 yrsKinjal Desai · 6.0 yrs
1-year return6.8%11.5%
3 years p.a.13.5%19.4%
5 years p.a.12.6%15.8%
Deepest fall (max drawdown)−10.3%−10.8%
Assets (AUM)₹5,206 Cr₹15,774 Cr
Disclosed history6.4 yrs6.1 yrs
Holdings · top ten weight112 · 38%172 · 34%

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.