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