Carbodiimide based UV curable coating materials, which were developed as a high refractive raw coating material, were prepared by dispersion with fumed silica inorganic particles in order to overcome low hardness and strength of the cured films. Three kinds of fumed silica particles were dispersed having various reactive surfaces, and the rheological behavior of the dispersions was observed. Compared to the hydrophilic silica (Si-hi) dispersion, two types of hydrophobic silica (Si-ho-n and Si-ho-a) dispersion showed sol behavior in high concentrations. In particular, the Si-ho-a dispersion showed viscous sol characteristics for high shear rates. The surface hardness of the film obtained by UV curing of the fumed silica dispersion increased in the more highly concentrated dispersion, and the haze of the film also increased. Further, the film was highly refractive.