diff --git a/go.mod b/go.mod
index 2f058d1b7818f6ee86fedb0691f75f0eef0a51c3..a1ba846c214b250119d3e6d70f1162adfa192f9a 100644
--- a/go.mod
+++ b/go.mod
@@ -9,7 +9,7 @@ require (
 	github.com/distribution/distribution/v3 v3.0.0-20230223072852-e5d5810851d1
 	github.com/fluxcd/go-git-providers v0.14.0
 	github.com/fluxcd/go-git/v5 v5.0.0-20221219190809-2e5c9d01cfc4
-	github.com/fluxcd/helm-controller/api v0.31.0
+	github.com/fluxcd/helm-controller/api v0.31.1
 	github.com/fluxcd/image-automation-controller/api v0.31.0
 	github.com/fluxcd/image-reflector-controller/api v0.26.0
 	github.com/fluxcd/kustomize-controller/api v0.35.0
diff --git a/go.sum b/go.sum
index b5156975dffc1f567038e9f30b89e0064a926e60..69875c22630f01d1aadfc2b114c573854eda8f98 100644
--- a/go.sum
+++ b/go.sum
@@ -199,8 +199,8 @@ github.com/fluxcd/go-git-providers v0.14.0 h1:F662wkiMevhGYKCwe9AJItpq42aJbd+tQq
 github.com/fluxcd/go-git-providers v0.14.0/go.mod h1:cxVVQEBEswAIgbRVi50Cf6pEM/+RhNcNwDpsIkN6pG0=
 github.com/fluxcd/go-git/v5 v5.0.0-20221219190809-2e5c9d01cfc4 h1:Gm5sGGk+/Wq6RhX4xpCZ2IqjDp5XkjlhENaAuAlpdKc=
 github.com/fluxcd/go-git/v5 v5.0.0-20221219190809-2e5c9d01cfc4/go.mod h1:raWgfUV7lDQVXp4QXUaeNNJkRVKz97UQuF+0kdY7Vmo=
-github.com/fluxcd/helm-controller/api v0.31.0 h1:Pqe8R5SaukGGVE60U7SwiKydCjP8lZWBsU7wqeSFzMg=
-github.com/fluxcd/helm-controller/api v0.31.0/go.mod h1:z9zLN31FjwHhd8RyGsrE4vnRtUp4bz5rXxd1hVX3Waw=
+github.com/fluxcd/helm-controller/api v0.31.1 h1:aoRVS1CNeR6WpXdjWxw2YGRQhWBAZOU9AKKq/Wf+Nnw=
+github.com/fluxcd/helm-controller/api v0.31.1/go.mod h1:z9zLN31FjwHhd8RyGsrE4vnRtUp4bz5rXxd1hVX3Waw=
 github.com/fluxcd/image-automation-controller/api v0.31.0 h1:xA2MXbVpXWAFBCmlaOqgLtqGfR637aw0PxyyMGaqUTI=
 github.com/fluxcd/image-automation-controller/api v0.31.0/go.mod h1:kNQ/g5TK0Epwguma2+Y1binRMRZ1d6E2VmZLg2iGkqw=
 github.com/fluxcd/image-reflector-controller/api v0.26.0 h1:rrr7BCjc4/D9jY7mu6bwkP/bnn5B1LWLCiFYuD6/vFg=
diff --git a/manifests/bases/helm-controller/kustomization.yaml b/manifests/bases/helm-controller/kustomization.yaml
index 268356c0b297d4ba032a896d7b5e240680ce33d9..6eea6263fb33f6ce2d46afe7a29be026fee38ee8 100644
--- a/manifests/bases/helm-controller/kustomization.yaml
+++ b/manifests/bases/helm-controller/kustomization.yaml
@@ -1,8 +1,8 @@
 apiVersion: kustomize.config.k8s.io/v1beta1
 kind: Kustomization
 resources:
-- https://github.com/fluxcd/helm-controller/releases/download/v0.31.0/helm-controller.crds.yaml
-- https://github.com/fluxcd/helm-controller/releases/download/v0.31.0/helm-controller.deployment.yaml
+- https://github.com/fluxcd/helm-controller/releases/download/v0.31.1/helm-controller.crds.yaml
+- https://github.com/fluxcd/helm-controller/releases/download/v0.31.1/helm-controller.deployment.yaml
 - account.yaml
 transformers:
 - labels.yaml
diff --git a/manifests/crds/kustomization.yaml b/manifests/crds/kustomization.yaml
index cbd2855dfbc640013438776d01b1b4e5c7551217..7549c234ff38dcee975b3adf9c33fb49a8d08c9a 100644
--- a/manifests/crds/kustomization.yaml
+++ b/manifests/crds/kustomization.yaml
@@ -3,7 +3,7 @@ kind: Kustomization
 resources:
 - https://github.com/fluxcd/source-controller/releases/download/v0.36.0/source-controller.crds.yaml
 - https://github.com/fluxcd/kustomize-controller/releases/download/v0.35.0/kustomize-controller.crds.yaml
-- https://github.com/fluxcd/helm-controller/releases/download/v0.31.0/helm-controller.crds.yaml
+- https://github.com/fluxcd/helm-controller/releases/download/v0.31.1/helm-controller.crds.yaml
 - https://github.com/fluxcd/notification-controller/releases/download/v0.33.0/notification-controller.crds.yaml
 - https://github.com/fluxcd/image-reflector-controller/releases/download/v0.26.0/image-reflector-controller.crds.yaml
 - https://github.com/fluxcd/image-automation-controller/releases/download/v0.31.0/image-automation-controller.crds.yaml