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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

Union Children'sSBI Children's Fund - Investment Plan
Union Children's
itself
8%
SBI Children's Fund - Investment Plan
8%
itself

Most alike: Union Children's Fund and SBI Children's Fund - Investment Plan share 8% 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

MeasureUnion Children'sSBI Children's Fund - Investment Plan
CategoryChildren'sChildren's
Share of three-year stretches it beat its category P4not measured100% of 36
Regular plan costs more than Direct by, a year P51.38%1.61%
Portfolio turned over a year P177%83%
Run by P7Parijat Agrawal · 2.8 yrsLokesh Mallya · ≥ 3 mo
1-year return1.2%13.5%
3 years p.a.21.1%
5 years p.a.19.7%
Deepest fall (max drawdown)−17.4%−15.7%
Assets (AUM)₹91 Cr₹7,317 Cr
Disclosed history2.2 yrs3.8 yrs
Holdings · top ten weight72 · 29%42 · 45%

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.