diff --git a/charts/incubator/victoriametrics/Chart.yaml b/charts/incubator/victoriametrics/Chart.yaml
index 0e93f424fbe..ea196236ce3 100644
--- a/charts/incubator/victoriametrics/Chart.yaml
+++ b/charts/incubator/victoriametrics/Chart.yaml
@@ -6,7 +6,7 @@ annotations:
   truecharts.org/min_helm_version: "3.11"
   truecharts.org/train: incubator
 apiVersion: v2
-appVersion: 1.102.1
+appVersion: 1.103.0
 dependencies:
   - name: common
     version: 24.1.5
@@ -34,4 +34,4 @@ sources:
   - https://github.com/truecharts/charts/tree/master/charts/incubator/victoriametrics
   - https://hub.docker.com/r/victoriametrics/victoria-metrics
 type: application
-version: 2.2.1
+version: 2.3.0
diff --git a/charts/incubator/victoriametrics/values.yaml b/charts/incubator/victoriametrics/values.yaml
index 3bc8591bc2f..7eb2f7b0a82 100644
--- a/charts/incubator/victoriametrics/values.yaml
+++ b/charts/incubator/victoriametrics/values.yaml
@@ -1,6 +1,6 @@
 image:
   repository: victoriametrics/victoria-metrics
-  tag: v1.102.1@sha256:8d34a7572df2ef57ef3e55257c112b1ba1c3ca0fecb138fea5cfed882c0cdb07
+  tag: v1.103.0@sha256:4d7f1b98e9a73431a0c4ff156bf86fdf23679fc7cc06a4b3cbb042e5d03c101c
   pullPolicy: IfNotPresent
 service:
   main: