diff --git a/charts/redis/Chart.yaml b/charts/redis/Chart.yaml
index abbf24f98598ff30b11f48301a8af699889ab993..c25b6d3e13ed958e5081831c0e1db0c94b2c833f 100644
--- a/charts/redis/Chart.yaml
+++ b/charts/redis/Chart.yaml
@@ -8,7 +8,7 @@ maintainers:
   - name: groundhog2k
 
 # This is the chart version
-version: 0.5.0
+version: 0.5.1
 
 # This is the version number of the application being deployed.
-appVersion: "7.0.0"
+appVersion: "7.0.1"
diff --git a/charts/redis/README.md b/charts/redis/README.md
index bf4113a75a5dc227d458e19aa254700194cd0ec1..45c261264691afe8cc73bdd66d1f35babccec50e 100644
--- a/charts/redis/README.md
+++ b/charts/redis/README.md
@@ -1,6 +1,6 @@
 # Redis
 
-![Version: 0.5.0](https://img.shields.io/badge/Version-0.5.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 7.0.0](https://img.shields.io/badge/AppVersion-7.0.0-informational?style=flat-square)
+![Version: 0.5.1](https://img.shields.io/badge/Version-0.5.1-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 7.0.1](https://img.shields.io/badge/AppVersion-7.0.1-informational?style=flat-square)
 
 ## Changelog
 
diff --git a/charts/redis/RELEASENOTES.md b/charts/redis/RELEASENOTES.md
index 68ceabf3e738a57984a9ce90f70974b7ead42c8c..694d23d1f49d398fc9fd3dedacc6860e7696bd7d 100644
--- a/charts/redis/RELEASENOTES.md
+++ b/charts/redis/RELEASENOTES.md
@@ -6,4 +6,5 @@
 | 0.4.11 | 6.2.6 | Implemented support for extra secrets and advanced configuration capabilites |
 | 0.4.12 | 6.2.7 | Upgraded to Redis 6.2.7 |
 | 0.5.0 | 7.0.0 | Upgraded to Redis 7.0.0 |
+| 0.5.1 | 7.0.1 | Upgraded to Redis 7.0.1 |
 | | | |