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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

DSP Nifty 500 IndexHDFC Nifty 50 Index
DSP Nifty 500 Index
itself
55%
HDFC Nifty 50 Index
55%
itself

Most alike: DSP Nifty 500 Index Fund and HDFC Nifty 50 Index Fund share 55% of their portfolios. Holding both is closer to holding one twice than to diversifying.

Side by side

record, cost, returns, drawdown, size

MeasureDSP Nifty 500 IndexHDFC Nifty 50 Index
CategoryIndex FundsIndex Funds
Share of three-year stretches it beat its category P4not measured50% of 109
Regular plan costs more than Direct by, a year P5not measurednot measured
Portfolio turned over a year P140%32%
Run by P7Anil Ghelani · 8 monot known
1-year return—−6.5%
3 years p.a.—6.7%
5 years p.a.—6.7%
Deepest fall (max drawdown)−14.6%−15.6%
Assets (AUM)₹16 Cr₹24,138 Cr
Disclosed history8 mo1.8 yrs
Holdings · top ten weight502 · 29%52 · 53%

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.