diff --git a/charts/ingress-nginx/CHANGELOG.md b/charts/ingress-nginx/CHANGELOG.md
index c777524e5..7d351f8b3 100644
--- a/charts/ingress-nginx/CHANGELOG.md
+++ b/charts/ingress-nginx/CHANGELOG.md
@@ -4,6 +4,11 @@ This file documents all notable changes to [ingress-nginx](https://github.com/ku
 
 ### Unreleased
 
+### 3.20.1
+
+- Do not create KEDA in case of DaemonSets.
+- Fix KEDA v2 definition
+
 ### 3.20.0
 
 - [] [#6730](https://github.com/kubernetes/ingress-nginx/pull/6730) Do not create HPA for defaultBackend if not enabled.
diff --git a/charts/ingress-nginx/Chart.yaml b/charts/ingress-nginx/Chart.yaml
index a78c416ad..230e2e1c9 100644
--- a/charts/ingress-nginx/Chart.yaml
+++ b/charts/ingress-nginx/Chart.yaml
@@ -2,7 +2,7 @@ apiVersion: v2
 name: ingress-nginx
 # When the version is modified, make sure the artifacthub.io/changes list is updated
 # Also update CHANGELOG.md
-version: 3.20.0
+version: 3.20.1
 appVersion: 0.43.0
 home: https://github.com/kubernetes/ingress-nginx
 description: Ingress controller for Kubernetes using NGINX as a reverse proxy and load balancer
@@ -21,4 +21,5 @@ annotations:
   # List of changes for the release in artifacthub.io
   # https://artifacthub.io/packages/helm/ingress-nginx/ingress-nginx?modal=changelog
   artifacthub.io/changes: |
-    - Do not create HPA for defaultbackend if not enabled.
+    - Do not create KEDA in case of DaemonSets.
+    - Fix KEDA v2 definition
diff --git a/charts/ingress-nginx/templates/controller-keda.yaml b/charts/ingress-nginx/templates/controller-keda.yaml
index 7c391de9d..9fdccc1f1 100644
--- a/charts/ingress-nginx/templates/controller-keda.yaml
+++ b/charts/ingress-nginx/templates/controller-keda.yaml
@@ -1,4 +1,4 @@
-{{- if .Values.controller.keda.enabled }}
+{{- if and .Values.controller.keda.enabled (or (eq .Values.controller.kind "Deployment") (eq .Values.controller.kind "Both")) -}}
 # https://keda.sh/docs/
 
 apiVersion: {{ .Values.controller.keda.apiVersion }}
@@ -11,7 +11,11 @@ metadata:
 
 spec:
   scaleTargetRef:
+{{- if eq .Values.controller.keda.apiVersion "keda.k8s.io/v1alpha1" }}
     deploymentName: {{ include "ingress-nginx.controller.fullname" . }}
+{{- else if eq .Values.controller.keda.apiVersion "keda.sh/v1alpha1" }}
+    name: {{ include "ingress-nginx.controller.fullname" . }}
+{{- end }}
   pollingInterval: {{ .Values.controller.keda.pollingInterval }}
   cooldownPeriod: {{ .Values.controller.keda.cooldownPeriod }}
   minReplicaCount: {{ .Values.controller.keda.minReplicas }}