diff --git a/charts/managed-identity-wallet/Chart.yaml b/charts/managed-identity-wallet/Chart.yaml
index 1b2aa95a8..7506a7029 100644
--- a/charts/managed-identity-wallet/Chart.yaml
+++ b/charts/managed-identity-wallet/Chart.yaml
@@ -23,8 +23,8 @@ description: Managed Identity Wallets Service
 
 type: application
 
-version: 1.0.0
-appVersion: 4.0.0
+version: 1.0.1-rc1
+appVersion: 4.0.1-rc1
 
 dependencies:
   - name: postgresql