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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 Multi Asset AllocationSBI MULTI ASSET ALLOCATION
Nippon India Multi Asset Allocation
itself
17%
SBI MULTI ASSET ALLOCATION
17%
itself

Most alike: Nippon India Multi Asset Allocation Fund and SBI MULTI ASSET ALLOCATION FUND share 17% 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 Multi Asset AllocationSBI MULTI ASSET ALLOCATION
CategoryMulti Asset AllocationMulti Asset Allocation
Share of three-year stretches it beat its category P476% of 3823% of 43
Regular plan costs more than Direct by, a year P51.53%0.99%
Portfolio turned over a year P153%46%
Run by P7Kinjal Desai · 6.0 yrsDinesh Balachandran · ≥ 3 mo
1-year return11.5%10.2%
3 years p.a.19.4%15.2%
5 years p.a.15.8%13.5%
Deepest fall (max drawdown)−10.8%−8.6%
Assets (AUM)₹15,774 Cr₹18,225 Cr
Disclosed history6.1 yrs5.8 yrs
Holdings · top ten weight172 · 34%128 · 30%

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.