diff --git a/charts/kube-state-metrics-mixin/Chart.yaml b/charts/kube-state-metrics-mixin/Chart.yaml
index c4a9f119..8a3231e4 100644
--- a/charts/kube-state-metrics-mixin/Chart.yaml
+++ b/charts/kube-state-metrics-mixin/Chart.yaml
@@ -28,7 +28,7 @@ keywords:
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 0.4.0
+version: 0.5.0
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
diff --git a/charts/kube-state-metrics-mixin/README.md b/charts/kube-state-metrics-mixin/README.md
index 4e540a31..fe7a87f3 100644
--- a/charts/kube-state-metrics-mixin/README.md
+++ b/charts/kube-state-metrics-mixin/README.md
@@ -1,6 +1,6 @@
 # kube-state-metrics-mixin
 
-![Version: 0.4.0](https://img.shields.io/badge/Version-0.4.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 2.0.0](https://img.shields.io/badge/AppVersion-2.0.0-informational?style=flat-square)
+![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: 2.0.0](https://img.shields.io/badge/AppVersion-2.0.0-informational?style=flat-square)
 
 A Helm chart for Kube-State-Metrics Mixin
 
diff --git a/charts/kube-state-metrics-mixin/templates/_helpers.tpl b/charts/kube-state-metrics-mixin/templates/_helpers.tpl
index 32cd7c05..0840e2a9 100644
--- a/charts/kube-state-metrics-mixin/templates/_helpers.tpl
+++ b/charts/kube-state-metrics-mixin/templates/_helpers.tpl
@@ -47,7 +47,7 @@ Common labels
 helm.sh/chart: {{ include "kube-state-metrics-mixin.chart" . }}
 {{ include "kube-state-metrics-mixin.selectorLabels" . }}
 {{- if .Chart.AppVersion }}
-app.kubernetes.io/version: {{ .Chart.Version | quote }}
+app.kubernetes.io/version: {{ .Chart.AppVersion | quote }}
 {{- end }}
 app.kubernetes.io/component: monitoring-mixin
 app.kubernetes.io/part-of: {{ include "kube-state-metrics-mixin.name" . }}