diff --git a/deployment/network-operator/Chart.yaml b/deployment/network-operator/Chart.yaml
index 44d1ff8a..54fccbbd 100644
--- a/deployment/network-operator/Chart.yaml
+++ b/deployment/network-operator/Chart.yaml
@@ -1,8 +1,8 @@
 apiVersion: v2
 name: network-operator
-version: 0.4.0
+version: 0.5.0
 kubeVersion: '>= 1.17.0'
-appVersion: v0.4.0
+appVersion: v0.5.0
 description: Nvidia network operator
 type: application
 keywords: