Future generation mobile communication system requires asynchronous transmission of data, reduced out-of-band power emission, low peak-to-average power ratio, low latency, high data transmission rate, better spectrum, energy, and power efficiency, etc. Investigations on suitable waveform candidates for future-generation mobile communication have been reported in this paper. Filtered Orthogonal Frequency Division Multiplexing (F- OFDM), F- OFDM with Selective Mapping Method (SLM), and F- OFDM with Partial Transmit Sequence (PTS) technique, have been investigated. Its performances have been evaluated in terms of peak-to-average power ratio (PAPR), bit error rate (BER), and out-of-band power emissions. F–OFDM is a suitable candidate for future-generation mobile communication systems that can be used with single-rate or multirate filters. It can also be used in combination with other PAPR reduction techniques. F-OFDM with PTS technique requires a smaller number of IFFT operations than F-OFDM with SLM. The result obtained from my present investigations reveals that F-OFDM with the PTS technique has 4.3 dB less PAPR than that of OFDM at the cost of marginal increase in the BER value.