Evolution of the concept known in the theoretical physics as the Renormalization Group (RG) is presented. The corresponding symmetry, that has been first introduced in QFT in mid-fifties, is a continuous symmetry of a solution with respect to transformation involving parameters (e.g., of boundary condition) specifying some particular solution.After short detour into Wilson's discrete semi-group, we follow the expansion of QFT RG and argue that the underlying transformation, being considered as a reparameterisation one, is closely related to the self-similarity property. It can be treated as its generalization, the Functional Self-similarity (FS).Then, we review the essential progress during the last decade of the FS concept in application to boundary value problem formulated in terms of differential equations. A summary of a regular approach recently devised for discovering the RG = FS symmetries with the help of the modern Lie group analysis and some of its applications are given.As a main physical illustration, we give application of new approach to solution for a problem of self-focusing laser beam in a non-linear medium.