diff --git a/pkg/operator/data/charts/cf-service-operator/Chart.yaml b/pkg/operator/data/charts/cf-service-operator/Chart.yaml
index c435870..84b8c04 100644
--- a/pkg/operator/data/charts/cf-service-operator/Chart.yaml
+++ b/pkg/operator/data/charts/cf-service-operator/Chart.yaml
@@ -2,5 +2,5 @@ apiVersion: v2
 name: cf-service-operator
 description: A Helm chart for https://github.com/sap/cf-service-operator
 type: application
-version: 0.4.16
-appVersion: v0.4.16
+version: 0.5.0
+appVersion: v0.5.0
diff --git a/pkg/operator/data/charts/cf-service-operator/README.md b/pkg/operator/data/charts/cf-service-operator/README.md
index cf34056..797748b 100644
--- a/pkg/operator/data/charts/cf-service-operator/README.md
+++ b/pkg/operator/data/charts/cf-service-operator/README.md
@@ -1,6 +1,6 @@
 # cf-service-operator
 
-![Version: 0.4.16](https://img.shields.io/badge/Version-0.4.16-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: v0.4.16](https://img.shields.io/badge/AppVersion-v0.4.16-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: v0.5.0](https://img.shields.io/badge/AppVersion-v0.5.0-informational?style=flat-square)
 
 A Helm chart for https://github.com/sap/cf-service-operator