diff --git a/stable/memcached/Chart.yaml b/stable/memcached/Chart.yaml
index d55b035713..60162f955f 100644
--- a/stable/memcached/Chart.yaml
+++ b/stable/memcached/Chart.yaml
@@ -1,5 +1,5 @@
 name: memcached
-version: 2.3.1
+version: 2.4.0
 appVersion: 1.5.6
 description: Free & open source, high-performance, distributed memory object caching
   system.
diff --git a/stable/memcached/README.md b/stable/memcached/README.md
index eef0f56432..9807498bd8 100644
--- a/stable/memcached/README.md
+++ b/stable/memcached/README.md
@@ -52,6 +52,7 @@ The following table lists the configurable parameters of the Memcached chart and
 | `metrics.resources`       | CPU/Memory resource requests/limits for the metrics exporter | `{}`                       |
 | `extraContainers`         | Container sidecar definition(s) as string | Un-set                                        |
 | `extraVolumes`            | Volume definitions to add as string | Un-set                                              |
+| `kind`                    | Install as StatefulSet or Deployment | StatefulSet                                        |
 
 The above parameters map to `memcached` params. For more information please refer to the [Memcached documentation](https://github.com/memcached/memcached/wiki/ConfiguringServer).
 
diff --git a/stable/memcached/templates/statefulset.yaml b/stable/memcached/templates/statefulset.yaml
index 6cd32c82fa..7ab42003b5 100644
--- a/stable/memcached/templates/statefulset.yaml
+++ b/stable/memcached/templates/statefulset.yaml
@@ -1,5 +1,5 @@
 apiVersion: apps/v1beta1
-kind: StatefulSet
+kind: {{ .Values.kind }}
 metadata:
   name: {{ template "memcached.fullname" . }}
   labels:
diff --git a/stable/memcached/values.yaml b/stable/memcached/values.yaml
index 8f269cb0d7..ea660c1113 100644
--- a/stable/memcached/values.yaml
+++ b/stable/memcached/values.yaml
@@ -33,6 +33,9 @@ memcached:
 serviceAnnotations: {}
 #  prometheus.io/scrape: "true"
 
+## StatefulSet or Deployment
+kind: StatefulSet
+
 ## Configure resource requests and limits
 ## ref: http://kubernetes.io/docs/user-guide/compute-resources/
 ##