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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

Axis Nifty India Defence IndexAditya Birla Sun Life Nifty India Defence Index
Axis Nifty India Defence Index
itself
100%
Aditya Birla Sun Life Nifty India Defence Index
100%
itself

Most alike: Axis Nifty India Defence Index Fund and Aditya Birla Sun Life Nifty India Defence Index Fund share 100% of their portfolios. Holding both is closer to holding one twice than to diversifying.

Side by side

record, cost, returns, drawdown, size

MeasureAxis Nifty India Defence IndexAditya Birla Sun Life Nifty India Defence Index
CategoryEquity FundsEquity Funds
Share of three-year stretches it beat its category P4not measurednot measured
Regular plan costs more than Direct by, a year P5not measured0.85%
Portfolio turned over a year P141%51%
Run by P7not knownnot known
1-year return—14.3%
3 years p.a.——
5 years p.a.——
Deepest fall (max drawdown)−8.7%−27.8%
Assets (AUM)₹177 Cr₹1,135 Cr
Disclosed history5 mo2.1 yrs
Holdings · top ten weight21 · 89%21 · 88%

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.