Consider the following statements regarding a phase-lead compensator.

1. It increases the bandwidth of the system

2. It helps in reducing the steady state error due to ramp input

3. It reduces the overshoot due to step input.

Which of the above statements is/are correct?
(a) 1 and 2
(b) 1 and 3
(c) 2 and 3
(d) 1 alone.