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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

HSBC Multi CapNippon India Multi Cap
HSBC Multi Cap
itself
24%
Nippon India Multi Cap
24%
itself

Most alike: HSBC Multi Cap Fund and Nippon India Multi Cap Fund share 24% 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

MeasureHSBC Multi CapNippon India Multi Cap
CategoryMulti CapMulti Cap
Share of three-year stretches it beat its category P4100% of 850% of 109
Regular plan costs more than Direct by, a year P51.59%0.84%
Portfolio turned over a year P194%66%
Run by P7Venugopal Manghat · 3.6 yrsSailesh Raj Bhan · 21 yrs
1-year return8.1%−1.4%
3 years p.a.18.9%13.5%
5 years p.a.16.4%
Deepest fall (max drawdown)−20.1%−18.6%
Assets (AUM)₹6,503 Cr₹53,760 Cr
Disclosed history3.7 yrs14 yrs
Holdings · top ten weight103 · 24%123 · 29%

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.