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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

Mahindra Manulife Balanced AdvantageSBI Balanced Advantage
Mahindra Manulife Balanced Advantage
itself
27%
SBI Balanced Advantage
27%
itself

Most alike: Mahindra Manulife Balanced Advantage Fund and SBI Balanced Advantage Fund share 27% 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

MeasureMahindra Manulife Balanced AdvantageSBI Balanced Advantage
CategoryDynamic Asset Allocation or Balanced AdvantageDynamic Asset Allocation or Balanced Advantage
Share of three-year stretches it beat its category P4100% of 21100% of 25
Regular plan costs more than Direct by, a year P51.90%1.02%
Portfolio turned over a year P162%38%
Run by P7Fatema Pacha · 4.8 yrsDinesh Balachandran · ≥ 3 mo
1-year return3.9%2.3%
3 years p.a.11.4%9.8%
5 years p.a.10.1%
Deepest fall (max drawdown)−9.8%−7.4%
Assets (AUM)₹921 Cr₹42,245 Cr
Disclosed history4.8 yrs3.7 yrs
Holdings · top ten weight84 · 26%131 · 32%

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.