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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 Asset AllocationICICI Prudential Multi Asset Allocation
HSBC Multi Asset Allocation
itself
15%
ICICI Prudential Multi Asset Allocation
15%
itself

Most alike: HSBC Multi Asset Allocation Fund and ICICI Prudential Multi Asset Allocation Fund share 15% 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 Asset AllocationICICI Prudential Multi Asset Allocation
CategoryMulti Asset AllocationMulti Asset Allocation
Share of three-year stretches it beat its category P4not measured84% of 109
Regular plan costs more than Direct by, a year P51.53%0.87%
Portfolio turned over a year P1161%51%
Run by P7Cheenu Gupta · 2.5 yrsGaurav Chikane · 5.4 yrs
1-year return11.5%3.5%
3 years p.a.—14.4%
5 years p.a.—15.4%
Deepest fall (max drawdown)−18.7%−9.5%
Assets (AUM)₹3,260 Cr₹87,933 Cr
Disclosed history2.6 yrs13 yrs
Holdings · top ten weight90 · 43%255 · 42%

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.