This article overviews the current research trends in the field of electroactive polymer poly(vinylidene fluoride) (PVDF) composites with various nanofillers, such as clay, carbon nanotube, graphene, and inorganic nanoparticles. Here we give a concise account on the preparation and properties of different nanocomposites, highlighting some of their applications. Important aspects such as PVDF nanocomposite properties, morphology, structure, thermal stability, mechanical properties, phase transitions, crystallinity, conductivity, dielectric permittivity, piezoelectric polymorph formation, electromagnetic induction shielding etc. are discussed. Particular emphasis is given on the piezoelectric β‐phase formation and the subsequent improvement of mechanical properties, conductivity, dielectric permittivity, and electromagnetic shielding, which are of interest in the application of PVDF nanocomposites in both commodity and technological fields. Apart from the binary nanocomposites, ternary nanocomposites containing two nanofillers and their synergistic effect on PVDF properties are also discussed.