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<br />The suitability of an investment option depends on the reasons why you invest and what you expect from the investment. There is no single investment plan that is always superior over the others. Hence you must choose the right investment options through a careful study of the options in front of you. Here we compare between FD (<keyword id="74427" type="PERSON" weightage="20" keywordseo="fixed-deposit">Fixed Deposit</keyword>) and SIP (<keyword id="6359303" type="DEFINITION" weightage="20" keywordseo="systematic-investment-plan">Systematic Investment Plan</keyword>) to suggest which is better as a long term investment vehicle.<br /><br /><strong>(FD) Fixed Deposit</strong><br /><br />Both banks and non-banking financial firms offer fixed deposit plans. Under this option, the investor puts in a fixed amount of money over a fixed period of time. FD is considered one of the safest investment option you will find in the market. It assures high returns on the invested amount. There are different kinds of fixed deposits to choose from. The rates of interest and the terms and conditions governing them vary from one plan to another. Fixed deposits can meet short term or long term goals and the best thing about them is the fixed return they assure the investor. The amount to be invested and the duration of the investment can be conveniently chosen by the investor. It is also possible to get a loan on your fixed deposit. Premature closing of the FD is also possible. Fixed deposits over 5 years provide various tax benefits to the investor. <br /><br /><strong>(SIP) Systematic Investment Plan</strong><br /><br />A systematic investment plan lets the investor invest a fixed sum of money on a regular basis in a <keyword id="6354820" type="DEFINITION" weightage="20" keywordseo="mutual-fund">mutual fund</keyword>s scheme. Generally in an SIP scheme, the money is invested in an equity mutual fund scheme. If the investor is new to the concept of mutual funds, SIP is one of the best suited investment option. SIP creates the habit of making timely investments. SIP also lets you accumulate a lot of money over certain time period. SIP assures better returns than FD. Systematic investment plan offers several advantages. The investment can be customized as per the needs of the investor. The investor can also track the performance of the investment. SIP investment also carries various tax benefits. It is also possible to withdraw easily and invest money at any time the investor wants.<br /><br /><strong>Taxes you will incur on long term capital gains</strong><br /><br />Long term capital gains refer to an investment that is made for a period more than year. The gains resulting from the amount invested in an equity based scheme for more than a year is called as long term capital gains. Long term capital gains is applicable only on mutual funds that feature more than 65% equity investments. Hence an investor will have to pay 10% tax on long term capital gains if the gains exceed more than one lakh per year. <br /><br /><strong>Conclusion <keyword id="7198664" type="UNKNOWN" weightage="20" keywordseo="FD-vs-SIP">FD vs SIP</keyword> </strong><br /><br />If you are a conservative investor wanting to avoid risks, FD is the right investment option. Fixed deposit also features a high degree of liquidity and guaranteed returns. SIP on the other hand does not guarantee the returns and the benefits can vary depending on the market performance. However, while talking of long term returns, an SIP is a better option if you are prepared to take the risk. <br />

FD vs SIP : which is better for investment in long term

Tax saving is a tricky subject and needs a lot of planning. By learning the intricacies in the taxation laws and studying your own situation in relation to the taxation laws will enable you save on your taxes. Here are some easy ways for the salaried employees to save on income taxes.<br /><strong><br />Understand your salary slip first</strong><br /><br />You must understand your salary slip well to know the ways to save on the gross tax you are liable to pay. The salary slip consists of three segments namely earnings, allowances and deductions. These sections will give enough clues on how to save on your taxes. <br /><br />The basic pay reflects on your earnings. Towards contributions, you might receive conveyance allowance, leave travel allowance, dearness allowance, house rent allowance and others. This section will also include deductions including income tax, professional tax and provident fund. Here are a few useful tips to plan for your taxes efficiently. <br /><br /><strong>How to save on taxes</strong><br /><br />Income tax is levied on basic pay. Your House Rent Allowance (HRA) is tax exempted if you live in a rented house and pay the monthly rent. A fixed amount received as conveyance allowance also qualifies for tax exemption. Some employers might deduct income tax at the source. In such cases, the taxes paid already can be claimed by producing the necessary supporting documents at the end of the financial year. Also explore some options for investing in tax saving instruments.<br /><br /><strong>Understand Section 80C<br /></strong><br />If you can understand the 80C section of the Income Tax Act thoroughly, you can hope to save on taxes and take home more salary. You are allowed to invest till an upper limit in schemes like National Savings Certificate (NSC), Equity Linked Savings Scheme (ELSS), Public Provident Fund (PPF) Bank Fixed Deposit (FD) and many other products.<br /><br /><strong>Do not plan for the taxes during the last minute</strong><br /><br />If you will only study the tax during the last minute, it will give you very less room to save. If this happens, you will be overburdened with a need to make a sizeable investment in one time during the last minute. Small regular investments in Mutual Funds and SIPs over the entire year can help you make significant saving on taxes. <br /><strong><br />Meet your financial goals through investments<br /></strong><br />Investments planned in the right way not only enable you save on taxes, they also help you meet some of your cherished goals in life. It is possible to convert all your tax saving investments into ones that will bring you higher returns. For example, if you wish to buy a car, invest regularly in any ELSS. The lock in period will end in three years and after that you can withdraw this amount. Hence many tax saving instruments can help you meet your financial goals easily and effectively. <br /><br /><strong>Other ways to save on taxes</strong><br /><br />It is possible to claim tax benefit on LTA once in every two years. To do this, you must submit the proof of travelling. Section 80D contains provisions for you to avail of tax benefits for the premiums paid towards health insurance policies. Section 80E contains provisions for tax exemptions on interest paid towards education loans.<br />

How salaried employees can save on Income taxes

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>LDV</span></p><p class="caption">John Meadow, President of LDV Hospitality (right)</p></div><p></p></div></div>You are at a party and it's swelteringly hot. In fact it's one of those super-sticky hot weekends at the end of the summer when the sun is relentless and breathing makes you thirsty.</p><p>Your party is in Montauk, in the Hamptons, and it's really your party - as in, you are throwing it. That means the 4,000 or so people who've assembled outside need bottle service. The music is loud and they need drinks. The sun is hot and they need them now. Of course, you've run out of buckets to put all these bottles in, and it's the first summer you've ever thrown parties at what is now your club/restaurant in Montauk.</p><p>So what do you do? You go to the kids playroom inside the resort that your restaurant is in. You steal all of their sand pails - every last one of them. You fill them with water and ice so you can fill them with vodka and champagne, and then you keep your party going.</p><p>Because it's your job. That's what it takes to make it to the top of New York nightlife. You've got to be creative.</p><p>That's how Ashley Noor did it one summer day last year, after she and the rest of her crew at LDV Hospitality followed founder and President John Meadow on a damn-fool venture to open 10 properties - multiple American Cut Steakhouses, Scarpettas, Rec Rooms, Dolces and more - across the country in two years. This, of course, included the property at Gurney's in Montauk - a project they built out in a matter of about four months. </p><p>Noor calls herself the "director of chaos." Her official title is Director of Marketing &amp; Events.</p><h2>'The tough times'</h2><p>LDV wasn't always like this. Meadow, who started out with a successful NYC bar called Local West, himself will tell you that he was an insufferable 25 year-old industry kid. After his first hit he got cocky, and opened a super glitzy Meatpacking spot called Gin Lane in 2005. His lenders - who gave him $2.5 million - insisted on 18% interest and it flopped. </p><p>"I was so reckless. Ambition and entitlement from premature success," he said. "I had the time of my life, but I was fake."</p><p>Now, at 36, Meadow is not fake. He wears what he wants (usually something tailored and maybe suspenders). He still talks like he's in the Rat Pack even though he was raised by hippies, and he still swears by his mentor, a Korean immigrant who went from driving taxis to owning Lenwich, a 19-unit New York sandwich shop.</p><p>"I learned more from that guy than my Cornell professors," said Meadow, a graduate of Cornell's hospitality school. "I went to fancy boarding school. Academia is wonderful, but I learned more from that immigrant turned taxi driver, hustler, big shot. That's my teacher and he's supportive."</p><p>But of course, Meadow and his teacher travel in very different circles. He got out of the "tough times" or "the gutter" of debt (as he calls it) by opening a 2,700 square foot fine dining monster hit when everything was going to hell in 2008: Scarpetta, an Italian restaurant in the Meatpacking District.</p><p><span> </span><span>"Even when I was imploding I thought I was special. I thought I was f---d, but I thought I was special," Meadow said.</span></p><p><span><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>LDV</span></p><p class="caption">At Gurney's in Montauk</p></div><p></p></div></div></span></p><h2>The wheel</h2><p>If you were in New York City during the financial crisis, you'll recall that everyone was crowded into Scarpetta eating pasta until it and they burst. Its success was the springboard for LDV's explosive growth: 30 properties in 9 years, according to Director of Hospitality Dean Tsakanikas, who has been with the company since 2008.</p><p>In that time he's criss-crossed the continent opening properties from the Las Vegas to Miami, Toronto to Atlantic City. He started out as a general manager, but soon came to realize that Meadow was collecting properties that could benefit from interconnected branding.</p><p>"It dawned on me that more and more guests didn't realize that Scarpetta was part of the same company" as, say, NYC club No. 8, the reboot of Amy Sacco's classic Bungalow 8, or Iron Chef champion Mac Forgione's American Cut.</p><p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>LDV</span></p><p class="caption">Marc Forgione at American Cut Midtown in NYC</p></div><p></p></div></div></p><p><span>So they decided to put it all together.</span></p><p><span>Tsakanikas, for his part, knew what he wanted to do. He wanted to be the guy that knows the clients inside and out - knows where to send them, what to serve them, how much they spend and who they spend it with.</span></p><p>That means <span>Tsakanikas is the guy who knows which woman is Wall Street guy #5's wife, and which one is his girlfriend. He tracks his VIPs from sipping cocktails on Miami Beach to skiing in Aspen. Customers likely have soft hands and wear designer threads. They like discretion and velvet ropes. But they, like LDV, are not loud. They are not megaclub or clubstaurant people. What they do expect is top notch service and familiarity despite the fact that they've left home. Things should taste the same, cost about the same (expensive). Staff should know them. This experience is not about adventure, it's about lifestyle maintenance.</span></p><p>LDV has a tracking system for repeat customers, and <span>Tsakanikas is militant about it. The use the <a href="https://www.sevenrooms.com/products">Seven Rooms</a> app to track what clients eat, drink, their average spend, allergies, what to send out gratis and when to send it. It spits out monthly reports.</span></p><h2>This is what we do</h2><p>Meadow has a board up in his office where he pins pictures that inspire his classic-meets-slightly gritty New York in the late-1970s sensibility. Debbie Harry of Blondie was the inspiration for the look of his latest New York City opening, American Cut in Midtown.</p><p>In many ways, he says, it was the easiest opening he ever did. He knows American Cut, he knows his customer, and most importantly, he knows his customer is willing to spend 25% more on a night out in that neighborhood than in American Cut's Tribeca location.</p><p><div class="KonaFilter image-container display-table"><div><div class="image on-image"><p class="source"><span>LDV</span></p><p class="caption">The dining room in American Cut Midtown</p></div><p></p></div></div></p><p>It also happens to be a perfect example of what LDV does - or what Meadow has managed to crystallize as what LDV does over the last decade. It has a lot to do with the fact that he has a relationship with eight different hotel properties.</p><p>"What are we as a company and how are we going forward? Hotels always need proper dining... it's the bonafide programming of big real estate. Now we are a marketing vehicle for big real estate and it's in those deals that we get the best economic terms," said Meadow.</p><p><span>Those terms, in part, stand to net LDV $100 million in revenue in 2016, compared to $85 million in 2015, according to the company.</span></p><p>What those terms won't get you is a lot of love from the food world. Die hards will tell you it's inauthentic. They will tell you that hotel food is soulless, and that expensive entrees are an insult to the proletariat. They'll tell you expansion is extinction and that LDV is "the man".</p><p>Meadow calls this the "trend of 2016, the eater.com ride-or-die hipster funky chefs and their 15-seat restaurants." He knows about that. But LDV doesn't do that. Meadow finally knows what they do.</p><p>"I've always had a vision for my chaos. Now I'm finding finally for the first time a business strategy and I'm ready to define a 5-year plan, 10 years into this game."</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/alibaba-jack-mas-secrets-to-success-2016-5">REVEALED: Alibaba founder Jack Ma's secrets to success</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="htYmNtMzE6dD7eBpI_wAtO8n2X-00eMe" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Here's how you bankrupt a club by 25, then claw your way back to the top of NYC nightlife

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FD vs SIP : which is better for investment in long term

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How salaried employees can save on Income taxes

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Here's how you bankrupt a club by 25, then claw your way back to the top of NYC nightlife

Linette Lopez

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