diff --git a/cmd/helm/testdata/output/version-client-shorthand.txt b/cmd/helm/testdata/output/version-client-shorthand.txt
index 4b493d31c..8f9ed6136 100644
--- a/cmd/helm/testdata/output/version-client-shorthand.txt
+++ b/cmd/helm/testdata/output/version-client-shorthand.txt
@@ -1 +1 @@
-version.BuildInfo{Version:"v3.0", GitCommit:"", GitTreeState:"", GoVersion:""}
+version.BuildInfo{Version:"v3.1", GitCommit:"", GitTreeState:"", GoVersion:""}
diff --git a/cmd/helm/testdata/output/version-client.txt b/cmd/helm/testdata/output/version-client.txt
index 4b493d31c..8f9ed6136 100644
--- a/cmd/helm/testdata/output/version-client.txt
+++ b/cmd/helm/testdata/output/version-client.txt
@@ -1 +1 @@
-version.BuildInfo{Version:"v3.0", GitCommit:"", GitTreeState:"", GoVersion:""}
+version.BuildInfo{Version:"v3.1", GitCommit:"", GitTreeState:"", GoVersion:""}
diff --git a/cmd/helm/testdata/output/version-short.txt b/cmd/helm/testdata/output/version-short.txt
index d9fb9c736..861668947 100644
--- a/cmd/helm/testdata/output/version-short.txt
+++ b/cmd/helm/testdata/output/version-short.txt
@@ -1 +1 @@
-v3.0
+v3.1
diff --git a/cmd/helm/testdata/output/version-template.txt b/cmd/helm/testdata/output/version-template.txt
index 776c1919b..e5a779bbf 100644
--- a/cmd/helm/testdata/output/version-template.txt
+++ b/cmd/helm/testdata/output/version-template.txt
@@ -1 +1 @@
-Version: v3.0
\ No newline at end of file
+Version: v3.1
\ No newline at end of file
diff --git a/cmd/helm/testdata/output/version.txt b/cmd/helm/testdata/output/version.txt
index 4b493d31c..8f9ed6136 100644
--- a/cmd/helm/testdata/output/version.txt
+++ b/cmd/helm/testdata/output/version.txt
@@ -1 +1 @@
-version.BuildInfo{Version:"v3.0", GitCommit:"", GitTreeState:"", GoVersion:""}
+version.BuildInfo{Version:"v3.1", GitCommit:"", GitTreeState:"", GoVersion:""}
diff --git a/internal/version/version.go b/internal/version/version.go
index ff0df0f95..fd0616920 100644
--- a/internal/version/version.go
+++ b/internal/version/version.go
@@ -30,7 +30,7 @@ var (
 	// Increment major number for new feature additions and behavioral changes.
 	// Increment minor number for bug fixes and performance enhancements.
 	// Increment patch number for critical fixes to existing releases.
-	version = "v3.0"
+	version = "v3.1"
 
 	// metadata is extra build time data
 	metadata = ""