A lens module includes a first lens group, a second lens group and a third lens group which is sequentially arranged from an eye fundus side to an image side. The effective focal length of the first lens group is positive and includes a first lens, wherein the two surface toward the eye fundus side and the image side of the first lens are convex. The effective focal length of the second lens group is positive or negative, and includes a plurality of second lenses, wherein the surface closest to the eye fundus side of the second lens is concave. The effective focal length of the third lens group is positive, and includes a plurality of third lenses, wherein at least one of the third lenses is a cemented lens. The overall volume of the above-mentioned lens module and the ghost image can be reduced. An eye fundus camera with the above-mentioned lens module is also disclosed.一種透鏡模組包含從一眼底側至一成像側依序配置之一第一透鏡群組、一第二透鏡群組以及一第三透鏡群組。第一透鏡群組之有效焦距為正,且包含一第一鏡片,其朝向眼底側以及成像側之二個表面皆為凸面。第二透鏡群組之有效焦距為正或負,且包含多個第二鏡片,其中最靠近眼底側之第二鏡片之表面為凹面。第三透鏡群組之有效焦距為正,且包含多個第三鏡片,其中至少一第三鏡片為一膠合鏡片。上述透鏡模組可縮減整體的體積並能降低鬼影的形成。同時亦揭露一種包含上述透鏡模組之眼底相機。