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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

Axis Nifty Smallcap 50 IndexAditya Birla Sun Life Nifty India Defence Index
Axis Nifty Smallcap 50 Index
itself
0%
Aditya Birla Sun Life Nifty India Defence Index
0%
itself

Most alike: Axis Nifty Smallcap 50 Index Fund and Aditya Birla Sun Life Nifty India Defence Index 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

MeasureAxis Nifty Smallcap 50 IndexAditya Birla Sun Life Nifty India Defence Index
CategoryEquity FundsEquity Funds
Share of three-year stretches it beat its category P4100% of 19not measured
Regular plan costs more than Direct by, a year P50.86%0.85%
Portfolio turned over a year P1101%51%
Run by P7not knownnot known
1-year return13.3%14.3%
3 years p.a.20.0%
5 years p.a.
Deepest fall (max drawdown)−24.9%−27.8%
Assets (AUM)₹621 Cr₹1,135 Cr
Disclosed history4.3 yrs2.1 yrs
Holdings · top ten weight52 · 34%21 · 88%

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.