diff --git a/charts/osm/Chart.yaml b/charts/osm/Chart.yaml
index cb30cb25ae..000249ec41 100644
--- a/charts/osm/Chart.yaml
+++ b/charts/osm/Chart.yaml
@@ -18,4 +18,4 @@ version: 0.6.1
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application.
-appVersion: v0.6.0
+appVersion: v0.6.1
diff --git a/charts/osm/README.md b/charts/osm/README.md
index 6eac23593c..3fc637b773 100644
--- a/charts/osm/README.md
+++ b/charts/osm/README.md
@@ -1,6 +1,6 @@
 # osm
 
-![Version: 0.6.0](https://img.shields.io/badge/Version-0.6.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: v0.6.0](https://img.shields.io/badge/AppVersion-v0.6.0-informational?style=flat-square)
+![Version: 0.6.1](https://img.shields.io/badge/Version-0.6.1-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: v0.6.1](https://img.shields.io/badge/AppVersion-v0.6.1-informational?style=flat-square)
 
 A Helm chart to install the OSM control plane on Kubernetes
 
@@ -41,7 +41,7 @@ A Helm chart to install the OSM control plane on Kubernetes
 | OpenServiceMesh.grafana.port | int | `3000` |  |
 | OpenServiceMesh.image.pullPolicy | string | `"IfNotPresent"` |  |
 | OpenServiceMesh.image.registry | string | `"openservicemesh"` |  |
-| OpenServiceMesh.image.tag | string | `"v0.6.0"` |  |
+| OpenServiceMesh.image.tag | string | `"v0.6.1"` |  |
 | OpenServiceMesh.imagePullSecrets | list | `[]` |  |
 | OpenServiceMesh.meshName | string | `"osm"` |  |
 | OpenServiceMesh.prometheus.port | int | `7070` |  |
diff --git a/charts/osm/values.yaml b/charts/osm/values.yaml
index aebfa5dee3..c768c1f9d8 100644
--- a/charts/osm/values.yaml
+++ b/charts/osm/values.yaml
@@ -6,7 +6,7 @@ OpenServiceMesh:
   image:
     registry: openservicemesh
     pullPolicy: IfNotPresent
-    tag: v0.6.0
+    tag: v0.6.1
   imagePullSecrets: []
   sidecarImage: envoyproxy/envoy-alpine:v1.15.0
   prometheus:
diff --git a/cmd/cli/install.go b/cmd/cli/install.go
index a21f6426fc..f17fceb5ef 100644
--- a/cmd/cli/install.go
+++ b/cmd/cli/install.go
@@ -63,7 +63,7 @@ const (
 	defaultContainerRegistrySecret        = ""
 	defaultMeshName                       = "osm"
 	defaultOsmImagePullPolicy             = "IfNotPresent"
-	defaultOsmImageTag                    = "v0.6.0"
+	defaultOsmImageTag                    = "v0.6.1"
 	defaultPrometheusRetentionTime        = constants.PrometheusDefaultRetentionTime
 	defaultVaultHost                      = ""
 	defaultVaultProtocol                  = "http"