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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

Aditya Birla Sun Life Nifty India Defence IndexUTI Nifty 500 Value 50 Index
Aditya Birla Sun Life Nifty India Defence Index
itself
0%
UTI Nifty 500 Value 50 Index
0%
itself

Most alike: Aditya Birla Sun Life Nifty India Defence Index Fund and UTI Nifty 500 Value 50 Index 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

MeasureAditya Birla Sun Life Nifty India Defence IndexUTI Nifty 500 Value 50 Index
CategoryEquity FundsEquity Funds
Share of three-year stretches it beat its category P4not measured100% of 5
Regular plan costs more than Direct by, a year P50.85%0.59%
Portfolio turned over a year P151%54%
Run by P7not knownAyush Jain · 3.3 yrs
1-year return14.3%9.0%
3 years p.a.21.5%
5 years p.a.
Deepest fall (max drawdown)−27.8%−22.6%
Assets (AUM)₹1,135 Cr₹797 Cr
Disclosed history2.1 yrs3.3 yrs
Holdings · top ten weight21 · 88%51 · 49%

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.