diff --git a/charts/ingress-nginx/Chart.yaml b/charts/ingress-nginx/Chart.yaml
index 130fe06fd1..bad5e2a8c8 100644
--- a/charts/ingress-nginx/Chart.yaml
+++ b/charts/ingress-nginx/Chart.yaml
@@ -15,7 +15,7 @@ annotations:
     - "Fix incorrect annotation name in upstream hashing configuration (#9617)"
   artifacthub.io/prerelease: "false"
 apiVersion: v2
-appVersion: 4.6.0
+appVersion: 1.7.0
 description: Ingress controller for Kubernetes using NGINX as a reverse proxy and
   load balancer
 engine: gotpl
@@ -32,4 +32,4 @@ maintainers:
 name: ingress-nginx
 sources:
 - https://github.com/kubernetes/ingress-nginx
-version: 4.5.4
+version: 4.6.0
diff --git a/charts/ingress-nginx/README.md b/charts/ingress-nginx/README.md
index dcd5af57ed..cb3848634e 100644
--- a/charts/ingress-nginx/README.md
+++ b/charts/ingress-nginx/README.md
@@ -2,7 +2,7 @@
 
 [ingress-nginx](https://github.com/kubernetes/ingress-nginx) Ingress controller for Kubernetes using NGINX as a reverse proxy and load balancer
 
-![Version: 4.5.4](https://img.shields.io/badge/Version-4.5.4-informational?style=flat-square) ![AppVersion: 4.6.0](https://img.shields.io/badge/AppVersion-4.6.0-informational?style=flat-square)
+![Version: 4.6.0](https://img.shields.io/badge/Version-4.6.0-informational?style=flat-square) ![AppVersion: 1.7.0](https://img.shields.io/badge/AppVersion-1.7.0-informational?style=flat-square)
 
 To use, add `ingressClassName: nginx` spec field or the `kubernetes.io/ingress.class: nginx` annotation to your Ingress resources.