The magnetic field effects on excitons in an InAs nanoring are studied theo
retically. By numerically diagonalizing the effective-mass Hamiltonian of t
he problem that can be separated into terms in center-of-mass and relative
coordinates, we calculate the low-lying excitonic energy levels and oscilla
tor strengths as a function of the ring width and the strength of an extern
al magnetic field. It is shown that in the presence of Coulomb correlation,
the so-called Aharonov-Bohm effect of excitons exists in a finite (but sma
ll) width nanoring. However, when the ring width becomes large, the non-sim
ply-connected geometry of nanorings is destroyed, causing the suppression o
f the Aharonov-Bohm effect. The analytical results are obtained for a narro
w-width nanoring in which the radial motion is the fastest one and adiabati
cally decoupled from the azimuthal motions. The conditional probability dis
tribution calculated for the low-lying excitonic states allows identificati
on of the presence of the Aharonov-Bohm effect. The linear optical suscepti
bility is also calculated as a function of the magnetic field, to be compar
ed with the future measurements of optical emission experiments on InAs nan
orings.