diff --git a/cmd/helm/testdata/output/version-client-shorthand.txt b/cmd/helm/testdata/output/version-client-shorthand.txt
index 80be7bced..3d82b4b9e 100644
--- a/cmd/helm/testdata/output/version-client-shorthand.txt
+++ b/cmd/helm/testdata/output/version-client-shorthand.txt
@@ -1 +1 @@
-version.BuildInfo{Version:"v3.7", GitCommit:"", GitTreeState:"", GoVersion:""}
+version.BuildInfo{Version:"v3.8", GitCommit:"", GitTreeState:"", GoVersion:""}
diff --git a/cmd/helm/testdata/output/version-client.txt b/cmd/helm/testdata/output/version-client.txt
index 80be7bced..3d82b4b9e 100644
--- a/cmd/helm/testdata/output/version-client.txt
+++ b/cmd/helm/testdata/output/version-client.txt
@@ -1 +1 @@
-version.BuildInfo{Version:"v3.7", GitCommit:"", GitTreeState:"", GoVersion:""}
+version.BuildInfo{Version:"v3.8", GitCommit:"", GitTreeState:"", GoVersion:""}
diff --git a/cmd/helm/testdata/output/version-short.txt b/cmd/helm/testdata/output/version-short.txt
index 5a2f3db22..872da761f 100644
--- a/cmd/helm/testdata/output/version-short.txt
+++ b/cmd/helm/testdata/output/version-short.txt
@@ -1 +1 @@
-v3.7
+v3.8
diff --git a/cmd/helm/testdata/output/version-template.txt b/cmd/helm/testdata/output/version-template.txt
index c501b0bab..c1c5a5604 100644
--- a/cmd/helm/testdata/output/version-template.txt
+++ b/cmd/helm/testdata/output/version-template.txt
@@ -1 +1 @@
-Version: v3.7
\ No newline at end of file
+Version: v3.8
\ No newline at end of file
diff --git a/cmd/helm/testdata/output/version.txt b/cmd/helm/testdata/output/version.txt
index 80be7bced..3d82b4b9e 100644
--- a/cmd/helm/testdata/output/version.txt
+++ b/cmd/helm/testdata/output/version.txt
@@ -1 +1 @@
-version.BuildInfo{Version:"v3.7", GitCommit:"", GitTreeState:"", GoVersion:""}
+version.BuildInfo{Version:"v3.8", GitCommit:"", GitTreeState:"", GoVersion:""}
diff --git a/internal/version/version.go b/internal/version/version.go
index 201eee359..edf8546f0 100644
--- a/internal/version/version.go
+++ b/internal/version/version.go
@@ -29,7 +29,7 @@ var (
 	//
 	// Increment major number for new feature additions and behavioral changes.
 	// Increment minor number for bug fixes and performance enhancements.
-	version = "v3.7"
+	version = "v3.8"
 
 	// metadata is extra build time data
 	metadata = ""
diff --git a/pkg/chartutil/capabilities_test.go b/pkg/chartutil/capabilities_test.go
index c14b6620b..ebc84aadb 100644
--- a/pkg/chartutil/capabilities_test.go
+++ b/pkg/chartutil/capabilities_test.go
@@ -62,8 +62,8 @@ func TestDefaultCapabilities(t *testing.T) {
 func TestDefaultCapabilitiesHelmVersion(t *testing.T) {
 	hv := DefaultCapabilities.HelmVersion
 
-	if hv.Version != "v3.7" {
-		t.Errorf("Expected default HelmVersion to be v3.7, got %q", hv.Version)
+	if hv.Version != "v3.8" {
+		t.Errorf("Expected default HelmVersion to be v3.8, got %q", hv.Version)
 	}
 }