In this article we investigate the nonlinear dynamics of 3D kinetic Alfven waves (KAWs) and quasi-transverse weak whistler waves in a magnetized plasma. We have studied the problem numerically to examine the transient evolution of localized structures of 3D KAWs and whistler waves. The nonlinearity arises as a result of ponderomotive effects associated with 3D KAWs; consequently, the background density modifies. The weak whistler waves propagating in this modified density are localized and amplified. To improve our insight into the basic physics behind the formation of these localized structures, we have also solved the system semi-analytically. The power spectra show a Kolmogorov scaling (with a power of \(-5/3\)) in the inertial range that lies above the ion gyroradius. Below this scale, dispersive effects start to appear, and the power spectrum follows a steeper scaling (−2 to −4). Our results show the important role that KAWs and whistler waves play in the energy cascading from larger to smaller scales. The results are consistent with the solar wind observations by the Cluster spacecraft.