Identifying and effectively utilizing suitable, novel, terrestrial oil sources either alone or as blends to replace fish oil (FO) is a prerequisite for improving the sustainability of global aquaculture. Therefore, the present study evaluates several novel terrestrial oil blends (TOBs), optimized for their fatty acid profile, as alternatives to FO in low fishmeal diets fed to rainbow trout (Oncorhynchus mykiss) and describes the subsequent effects on fish growth, fatty acid composition and health. Insect oil (IO), genetically modified canola oil (CO), palm oil (PO) and linseed oil (LO) were used for the formulation of three TOBs viz., TOB-1 (30%IO+36%CO + 34%LO), TOB-2 (40%PO + 20%CO + 40%LO) and TOB-3 (50%TOB-1 + 50%TOB-2). Formulas TOB-1 and TOB-2 considered the total fatty acid profile based upon the general FO fatty acid profile, published fatty acid research for rainbow trout, and the fatty acid requirements of rainbow trout. A low fishmeal based basal diet containing 44% crude protein was formulated, and FO, TOB-1, TOB-2 and TOB-3 were incorporated in the basal diet to prepare the experimental diet groups, Control, TOB-1, TOB-2 and TOB-3, respectively. All experimental diets were fed to triplicate groups of rainbow trout juveniles (initial weight 7.9 ± 0.02 g) for 9 weeks. Growth performance (final weight, percent weight gain and specific growth rate) in TOBs fed groups were equal to the FO-based control group. Fish fed the TOB-3 diet consumed more feed followed by the control and TOB-1 diet groups. Significantly lower feed intake was observed in the TOB-2 diet group. Feed conversion ratio and protein efficiency ratio were not significantly influenced by dietary oil sources. Fish fed the control diet showed significantly higher hepatic lipid content compared to TOB groups, followed by TOB-2, TOB-3, and TOB-1, which was significantly lower in hepatic lipid content. Muscle lipid content and whole-body major nutrient compositions were not significantly influenced by the dietary oil sources. Fatty acid composition of muscle and liver reflected that of the diets. Maximum values for n3 LC-PUFAs (EPA and DHA), lauric acid (C12:0) and C18:3n-3 were observed in the FO, TOB-1 and TOB-2 groups, respectively. Except for C12:0, muscle saturated fatty acid contents were significantly lower in TOBs-based diet compared to the FO-based control diet fish. As expected, muscle C12:0 content was significantly higher in the TOB-1 group followed by the TOB-3 group. TOB-2 and control groups had significantly lower content of C12:0. The fillet total n-3 LC-PUFA was significantly higher in fish fed the control diet group followed by TOB-3 and TOB-2 groups, TOB-1 showed significantly lower content of total n-3 LC- PUFA. Hepatic delta-5 desaturase (Δ5fad), delta-6 desaturase (Δ 6fad) and fatty acid elongase-2 (Elovl-2) gene expressions were significantly influenced by dietary oil sources, where TOB-based groups showed higher Δ6fad and Elovl-2 expressions. Measured innate immunity and antioxidant markers were not affected by TOBs. Finally, we concluded that TOBs could serve as a substitute for FO in rainbow trout feed without negatively impacting performance. Moreover, fillet total n-3 LC-PUFA of TOB-fed fish satisfies the suggested daily serving for humans.