diff --git a/UPSTREAM_PROJECTS.yaml b/UPSTREAM_PROJECTS.yaml
index e4ddf1c672..1f8f1714ef 100644
--- a/UPSTREAM_PROJECTS.yaml
+++ b/UPSTREAM_PROJECTS.yaml
@@ -215,7 +215,7 @@ projects:
             go_version: "1.21"
       - name: cluster-api-provider-nutanix
         versions:
-          - tag: v1.3.0
+          - tag: v1.3.1
             go_version: "1.21"
   - org: opencontainers
     repos:
diff --git a/projects/nutanix-cloud-native/cluster-api-provider-nutanix/ATTRIBUTION.txt b/projects/nutanix-cloud-native/cluster-api-provider-nutanix/ATTRIBUTION.txt
index 2e06daccba..f9ff81e3e6 100644
--- a/projects/nutanix-cloud-native/cluster-api-provider-nutanix/ATTRIBUTION.txt
+++ b/projects/nutanix-cloud-native/cluster-api-provider-nutanix/ATTRIBUTION.txt
@@ -50,7 +50,7 @@ https://github.com/modern-go/concurrent
 ** github.com/modern-go/reflect2; version v1.0.2 --
 https://github.com/modern-go/reflect2
 
-** github.com/nutanix-cloud-native/cluster-api-provider-nutanix; version v1.3.0 --
+** github.com/nutanix-cloud-native/cluster-api-provider-nutanix; version v1.3.1 --
 https://github.com/nutanix-cloud-native/cluster-api-provider-nutanix
 
 ** github.com/nutanix-cloud-native/prism-go-client; version v0.3.4 --
diff --git a/projects/nutanix-cloud-native/cluster-api-provider-nutanix/CHECKSUMS b/projects/nutanix-cloud-native/cluster-api-provider-nutanix/CHECKSUMS
index 03050f78ab..1763757edf 100644
--- a/projects/nutanix-cloud-native/cluster-api-provider-nutanix/CHECKSUMS
+++ b/projects/nutanix-cloud-native/cluster-api-provider-nutanix/CHECKSUMS
@@ -1,2 +1,2 @@
-3732a463f3aebf524f3104cfba2a5e87d954e2a7b8ce97116deec241ebcf9ace  _output/bin/cluster-api-provider-nutanix/linux-amd64/manager
-90f11dbac0a372d786e57afbafcb119d4ce2a7ba89e8ef0ee09a6f82c02578e0  _output/bin/cluster-api-provider-nutanix/linux-arm64/manager
+fc476cabbf7bfe98bdff5cd681620a65c3e97f23b010a55b0628d3a097c4cccc  _output/bin/cluster-api-provider-nutanix/linux-amd64/manager
+3e10e80513f1a28c7d6a619c2dbf4dfafc169361d53f727e31d76468985b35fd  _output/bin/cluster-api-provider-nutanix/linux-arm64/manager
diff --git a/projects/nutanix-cloud-native/cluster-api-provider-nutanix/GIT_TAG b/projects/nutanix-cloud-native/cluster-api-provider-nutanix/GIT_TAG
index 18fa8e74f9..7574079828 100644
--- a/projects/nutanix-cloud-native/cluster-api-provider-nutanix/GIT_TAG
+++ b/projects/nutanix-cloud-native/cluster-api-provider-nutanix/GIT_TAG
@@ -1 +1 @@
-v1.3.0
+v1.3.1
diff --git a/projects/nutanix-cloud-native/cluster-api-provider-nutanix/README.md b/projects/nutanix-cloud-native/cluster-api-provider-nutanix/README.md
index f621bb6f4c..89efb10765 100644
--- a/projects/nutanix-cloud-native/cluster-api-provider-nutanix/README.md
+++ b/projects/nutanix-cloud-native/cluster-api-provider-nutanix/README.md
@@ -1,5 +1,5 @@
 ## **Cluster API Provider for Nutanix**
-![Version](https://img.shields.io/badge/version-v1.3.0-blue)
+![Version](https://img.shields.io/badge/version-v1.3.1-blue)
 ![Build Status](https://codebuild.us-west-2.amazonaws.com/badges?uuid=eyJlbmNyeXB0ZWREYXRhIjoiWXJwaXpMSkhOTHpUSFU0K2IrSDlnZUFGMjdIRWIvSFNRZllHVmdURTFyRHpxOXlkSmdPTVd2YXhUSDVzY0U1ajVXUDhFRkZXYVp3ZHBhQS9jd3JUTXRNPSIsIml2UGFyYW1ldGVyU3BlYyI6IkhaaGRzVUdUQzlFY29MQ0YiLCJtYXRlcmlhbFNldFNlcmlhbCI6MX0%3D&branch=main)
 
 The [Cluster API Provider for Nutanix (CAPX)](https://github.com/nutanix-cloud-native/cluster-api-provider-nutanix) is a the implementation of Cluster API for Nutanix.