Smartphone or point and shoot?

I have recently been hooked up with a tough question. I was always loved photography to the core.Up till now my Asus Zenfone 5 was my best friend in my photographic efforts. And now i have got about 15000 inr($230) and looking for a better equipment to feed my desire. There are 2 options either to buy an xiaomi mi4(known for its camera) or nikon l840 point and shoot. But the thing is some say smartphone cameras are better.

Camera is for photography, not a phone. The flash alone in phones are inadequate. You have optical zoom in cameras and more functionality. You'll have better print quality from a camera than a phone camera.
Cameras on phones are for the convenience of sharing photos in social media, but they are getting really good though, but not as good as real cameras.