Overexposed areas get magenta outline

Using a DCP from Adobe DNG Converter and enabling Defringe, you beat the out-of-camera JPEG with minimal effort.
Canon EOS 700D.pp3 (9.4 KB)
Canon_EOS_700D_Adobe_Standard.dcp

Make sure that when you apply the PP3 that it picks up the DCP, so that in the Color Management > DCP section the checkboxes are enabled, as in my screenshot.

Neutral:

Canon EOS 700D.pp3

Then you can set this PP3 as your default PP3 for raw files.

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