The invention belongs to the field of magnetically soft alloy and particularly discloses a low-angle-difference nanocrystalline magnetically soft alloy magnetic core for an intelligent electric meter and a preparation method thereof. The molecular formula of the magnetic core is shown as follows: Fe100-a-b-c-d-eSiaBbMcCudNbeM'f, wherein a, b, c, d, e and f are atomic percents, 8<=a<=14, 2<=b<=10, 0.8<=c<=3, 1<=d<=4, 0.5<=e<=2, 0.02<=f<=0.5, the balance is Fe and unavoidable impurities, M is Al or Zn, and M' is one or more of Y, Gd, V, Mo, Mn, Ge, Er, Ga and Sn. The magnetic core which is prepared through a resultant magnetic field annealing treatment method and is excellent in soft magnetic property is further provided, and the requirement for high-precision measurement with a low-angle-difference mutual inductor for the intelligent electric meter is met.