Soft magnetic dots in the form of thin rings have unique topological properties. They can be in a vortex state with no vortex core. Here, we study the magnon modes of such systems both analytically and numerically. In an external magnetic field, magnetic rings are characterized by easy-cone magnetization and shows a giant splitting of doublets for modes with the opposite value of the azimuthal mode quantum number. The effect of the splitting can be refereed as a magnon analog of the topology-induced Aharonov-Bohm effect. For this we develop an analytical theory to describe the nonmonotonic dependence of the mode frequencies on the azimuthal mode number, influenced by the balance between the local exchange and nonlocal dipole interactions.