HDFC Prudence Balanced Fund Growth SIP and Tax Exemption advice?

Hi,

I am new to mutual funds. I want to invest 20 thousands per year through SIP in HDFC prudence balanced fund Growth. I wanted to know that i have an investment prospective of 2 years. I wanted to know is it a right fund to start investing in and i want tax exemption also.So, regarding both things, will it be a right pick as i have read some where that its best to start investing through balanced funds?? Please provide help

Do you want to sponsor an excellent monthly mutual fund journal by giving your advertisement?

The mutual fund journal provides details of Equity growth schemes, Equity Linked Saving Schemes, Index schemes, Balanced, MIP, Short term debt and Liquid schemes. The sponsorship cost will be Rs.50000 and you will get, a back cover page and 1 inside page (coloured). Size of the book is 7.5″ X 9.5″ inch and 3000 copies of the book will be printed and will be circulated throughout India. We have been publishing this journal since November 2006.