We present matrix-free methods for fabricating highly luminescent and transparent CdSe/ZnS quantum dot (QD)/polymer nanocomposites utilizing poly(methyl methacrylate) (PMMA)-grafted QDs with various molecular weights. We found that the QD-PMMA nanocomposites prepared by these matrix-free methods were superior to those prepared by a simple blending method in relation to their optical property, QD dispersion, and quantum efficiency (QE). In particular, a matrix-free nanocomposite containing PMMA with a molecular weight of 2000 had the highest QE (52.8%) and transmittance of all the samples studied even at a very high QD concentration (49 wt%). This finding was attributed to the enhanced passivation of the QD surface due to the higher grafting density of the PMMA ligands and reduced energy transfer due to more uniform dispersion of QDs. Finally, we applied the nanocomposites to LED devices, and found that the matrix-free nanocomposite exhibited a higher color conversion efficiency and smaller redshift in the peak emission wavelength than that prepared using a simple blending method.