rakhi_28 - Yes, that exactly the same issue we are facing with other communities as well, so the archives does not work with the masonry view. You need to open a case with Khoros Support.
As a workaround, you can refer to the below post:
https://community.khoros.com/t5/Developer-Discussion/Linking-blog-archive-dates-to-a-custom-blog/m-p/83154#M2927
Hope this helps!
Thanks!