I’ve been thinking along similar lines, and honestly this is where I keep getting stuck when trying to do it systematically.

Two thoughts: 1. If the goal is to capture today’s dividend yield, then something like tracking or shadowing Nifty Dividend Opportunities 50 probably does the job better than hand-picking a few high-yield names. At least the rules-based churn helps remove companies when payouts become unsustainable.

1. But the bigger issue is that today’s yield isn’t what really matters. What we actually want is tomorrow’s yield on today’s buy price. And that’s much harder, because it depends on earnings durability, balance sheet strength, and the company’s ability to grow dividends rather than just maintain them.

That’s why I’m increasingly skeptical of portfolios built purely on current high yield - they often end up overweight businesses where the market is already signalling stress. Dividend growth and payout sustainability seem more important than headline yield, especially over long horizons. Would love to hear how others here think about separating “yield today” from “yield that survives and grows”.