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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

LIC MF Multi CapKotak Multi Cap
LIC MF Multi Cap
itself
0%
Kotak Multi Cap
0%
itself

Most alike: LIC MF Multi Cap Fund and Kotak Multi Cap 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

MeasureLIC MF Multi CapKotak Multi Cap
CategoryMulti CapMulti Cap
Share of three-year stretches it beat its category P4100% of 11100% of 24
Regular plan costs more than Direct by, a year P51.86%1.62%
Portfolio turned over a year P178%not measured
Run by P7Dikshit Mittal · ≥ 7 monot known
1-year return8.8%4.2%
3 years p.a.18.6%17.3%
5 years p.a.
Deepest fall (max drawdown)−19.3%−21.0%
Assets (AUM)₹2,199 Cr₹25,937 Cr
Disclosed history6.5 yrs
Holdings · top ten weight65 · 31%— · —

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.