diff --git a/stable/redis-ha/Chart.yaml b/stable/redis-ha/Chart.yaml
index 9f0f8b3e2f..3b7d878385 100644
--- a/stable/redis-ha/Chart.yaml
+++ b/stable/redis-ha/Chart.yaml
@@ -5,8 +5,8 @@ keywords:
 - redis
 - keyvalue
 - database
-version: 3.0.5
-appVersion: 4.0.11
+version: 3.1.0
+appVersion: 5.0.3
 description: Highly available Kubernetes implementation of Redis
 icon: https://upload.wikimedia.org/wikipedia/en/thumb/6/6b/Redis_Logo.svg/1200px-Redis_Logo.svg.png
 maintainers:
diff --git a/stable/redis-ha/OWNERS b/stable/redis-ha/OWNERS
new file mode 100644
index 0000000000..c1ffbbcac2
--- /dev/null
+++ b/stable/redis-ha/OWNERS
@@ -0,0 +1,4 @@
+approvers:
+- ssalaues
+reviewers:
+- ssalaues
diff --git a/stable/redis-ha/README.md b/stable/redis-ha/README.md
index 7a08cc41a3..c9097bafa7 100644
--- a/stable/redis-ha/README.md
+++ b/stable/redis-ha/README.md
@@ -54,7 +54,7 @@ The following table lists the configurable parameters of the Redis chart and the
 | Parameter                        | Description                                                                                                                  | Default                                                   |
 | -------------------------------- | -----------------------------------------------------                                                                        | --------------------------------------------------------- |
 | `image`                          | Redis image                                                                                                                  | `redis`                                                   |
-| `tag`                            | Redis tag                                                                                                                    | `4.0.11-stretch`                                          |
+| `tag`                            | Redis tag                                                                                                                    | `5.0.3-alpine`                                          |
 | `replicas`                       | Number of redis master/slave pods                                                                                            | `3`                                                       |
 | `redis.port`                     | Port to access the redis service                                                                                             | `6379`                                                    |
 | `redis.masterGroupName`          | Redis convention for naming the cluster group                                                                                | `mymaster`                                                |
@@ -79,7 +79,7 @@ Specify each parameter using the `--set key=value[,key=value]` argument to `helm
 ```bash
 $ helm install \
   --set image=redis \
-  --set tag=4.0.11-stretch \
+  --set tag=5.0.3-alpine \
     stable/redis-ha
 ```
 
diff --git a/stable/redis-ha/values.yaml b/stable/redis-ha/values.yaml
index f047182dd4..1b83352b5a 100644
--- a/stable/redis-ha/values.yaml
+++ b/stable/redis-ha/values.yaml
@@ -3,7 +3,7 @@
 ##
 image:
   repository: redis
-  tag: 4.0.11-alpine
+  tag: 5.0.3-alpine
   pullPolicy: IfNotPresent
 ## replicas number for each component
 replicas: 3