Angular After Deployment to IIS manual URL is not working

I am using a module-based angular website. It is working fine locally. After deployment, if I reload the page or enter the manual URL it gives a server error of 500

I have used hashing now for the time being to resolve this issue. But I need a better solution for this.

<?xml version="1.0" encoding="UTF-8"?>
<configuration>
    <system.webServer>
        <rewrite>
            <rules>
                <clear />
                <rule name="Redirect to https" stopProcessing="true">
                    <match url="(.*)" />
                    <conditions>
                        <add input="{HTTPS}" pattern="off" ignoreCase="true" />
                    </conditions>
                    <action type="Redirect" url="https://{HTTP_HOST}{REQUEST_URI}" redirectType="Permanent" appendQueryString="false" />
                </rule>
                <rule name="AngularJS Routes" stopProcessing="true">
                    <match url=".*" />
                    <conditions logicalGrouping="MatchAll">
                        <add input="{REQUEST_FILENAME}" matchType="IsFile" negate="true" />
                        <add input="{REQUEST_FILENAME}" matchType="IsDirectory" negate="true" />
                    </conditions>
                    <action type="Rewrite" url="/" />
                </rule>
            </rules>
        </rewrite>
    </system.webServer>
</configuration>

URL Rewrite is needed, you can download it here (English: x86 installer / x64 installer).