I am planning to use all the red packet and cash presents for our child, to save and invest it until she is entering university, to use it to pay her school fees. Where should we put the money in?

For my kids red packet and cash presents, I plan to give it to them when they turn 21 and use it to teach them investing directly.

For their university fees, I have purchased an education savings plan and also invest in the STI ETF and I plan to loan them these amount for their university studies. They are supposed to return it back to me. This is to teach them how loan works.

Can try buying ETFs that tracks an index like S&P500 to get market returns, should be good enough for your case :)

Considering the long time horizon to ride out the volatility in the market, I would consider putting those monies into stock ETFs.

You can invest in etf all the way till before she entered university.