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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 CapHDFC Multi Cap
LIC MF Multi Cap
itself
27%
HDFC Multi Cap
27%
itself

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

MeasureLIC MF Multi CapHDFC Multi Cap
CategoryMulti CapMulti Cap
Share of three-year stretches it beat its category P4100% of 1173% of 22
Regular plan costs more than Direct by, a year P51.86%1.30%
Portfolio turned over a year P178%79%
Run by P7Dikshit Mittal · ≥ 7 monot known
1-year return8.8%−2.2%
3 years p.a.18.6%12.0%
5 years p.a.——
Deepest fall (max drawdown)−19.3%−20.2%
Assets (AUM)₹2,199 Cr₹20,765 Cr
Disclosed history6.5 yrs2.4 yrs
Holdings · top ten weight65 · 31%127 · 23%

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.